Can I retire at age 40 with 709,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$58,549$58,027$57,518$57,022$56,537$55,577
2 years$28,984$28,445$27,921$27,414$26,922$25,959
3 years$19,131$18,589$18,067$17,565$17,081$16,143
4 years$14,205$13,665$13,148$12,654$12,182$11,277
5 years$11,251$10,713$10,204$9,720$9,261$8,391
6 years$9,281$8,748$8,246$7,773$7,328$6,495
7 years$7,875$7,347$6,852$6,391$5,959$5,163
8 years$6,821$6,298$5,811$5,361$4,944$4,185
9 years$6,002$5,483$5,005$4,566$4,163$3,440
10 years$5,347$4,833$4,364$3,936$3,547$2,860
11 years$4,811$4,303$3,842$3,426$3,051$2,399
12 years$4,365$3,862$3,410$3,005$2,644$2,025
13 years$3,988$3,490$3,046$2,653$2,305$1,720
14 years$3,665$3,172$2,737$2,355$2,021$1,468
15 years$3,386$2,898$2,471$2,100$1,779$1,257
16 years$3,141$2,659$2,240$1,880$1,573$1,081
17 years$2,926$2,449$2,039$1,690$1,394$931
18 years$2,734$2,263$1,861$1,523$1,240$804
19 years$2,563$2,097$1,704$1,376$1,105$696
20 years$2,410$1,949$1,564$1,246$987$603
21 years$2,271$1,815$1,438$1,131$883$524
22 years$2,145$1,694$1,326$1,028$792$455
23 years$2,030$1,585$1,224$936$711$396
24 years$1,925$1,485$1,132$854$639$345
25 years$1,828$1,393$1,048$780$575$301
26 years$1,739$1,310$972$713$518$262
27 years$1,657$1,232$903$653$467$229
28 years$1,580$1,161$839$598$421$200
29 years$1,509$1,096$781$548$380$175
30 years$1,443$1,035$728$503$344$153
31 years$1,382$978$678$462$311$134
32 years$1,324$925$633$425$281$117
33 years$1,270$876$591$391$254$102
34 years$1,219$831$552$359$230$89
35 years$1,171$788$516$331$209$78
36 years$1,126$748$483$305$189$68
37 years$1,084$710$452$281$171$60
38 years$1,043$675$423$259$155$53
39 years$1,005$642$397$239$141$46
40 years$969$611$372$220$128$40
41 years$935$581$348$203$116$35
42 years$903$554$327$187$105$31
43 years$872$527$307$173$95$27
44 years$842$503$288$160$87$24
45 years$814$479$270$148$79$21
46 years$788$457$254$136$71$18
47 years$762$436$239$126$65$16
48 years$738$417$224$116$59$14
49 years$715$398$211$108$53$12
50 years$692$380$198$99$49$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $709,000, adding $2,489 every year, while hoping to spend $35,023 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 33/37/30 Blend
39$709,000$709,000$709,000$709,000
40$783,885$746,308$735,319$802,559
41$826,578$745,613$722,688$816,362
42$872,450$743,710$708,460$827,967
43$921,792$740,503$692,544$839,806
44$974,916$735,890$674,847$851,925
45$1,032,172$729,763$655,268$864,377
46$1,093,939$722,006$633,705$877,225
47$1,160,635$712,499$610,048$890,540
48$1,232,720$701,112$584,186$904,403
49$1,310,699$687,708$555,998$918,910
50$1,395,128$672,144$525,361$934,166
51$1,486,617$654,265$492,147$950,296
52$1,585,838$633,909$456,219$967,437
53$1,693,527$610,905$417,437$985,748
54$1,810,498$585,070$375,652$1,005,409
55$1,937,643$556,213$330,711$1,026,621
56$2,075,945$524,130$282,452$1,049,612
57$2,226,485$488,606$230,707$1,074,642
58$2,390,452$449,412$175,301$1,101,998
59$2,569,154$406,310$116,050$1,132,008
60$2,764,033$359,044$52,763$1,165,037
61$2,976,674$307,347$0$1,201,496
62$3,208,821$250,933$0$1,246,574
63$3,462,395$189,504$0$1,314,387
64$3,739,512$122,742$0$1,388,675
65$4,042,500$50,313$0$1,470,153
66$4,373,921$0$0$1,559,616
67$4,736,598$0$0$1,669,401
68$5,133,640$0$0$1,812,116
69$5,568,467$0$0$1,968,520
70$6,044,850$0$0$2,139,981
71$6,566,939$0$0$2,328,008
72$7,139,304$0$0$2,534,260
73$7,766,980$0$0$2,760,567
74$8,455,513$0$0$3,008,944
75$9,211,009$0$0$3,281,609
76$10,040,196$0$0$3,581,007
77$10,950,485$0$0$3,909,831
78$11,950,039$0$0$4,271,047
79$13,047,849$0$0$4,667,924
80$14,253,821$0$0$5,104,060
81$15,578,868$0$0$5,583,423
82$17,035,011$0$0$6,110,381
83$18,635,494$0$0$6,689,749
84$20,394,908$0$0$7,326,830
85$22,329,328$0$0$8,027,466
86$24,456,464$0$0$8,798,097
87$26,795,829$0$0$9,645,814
88$29,368,920$0$0$10,578,434
89$32,199,424$0$0$11,604,566
90$35,313,438$0$0$12,733,699
91$38,739,716$0$0$13,976,285
92$42,509,940$0$0$15,343,843
93$46,659,018$0$0$16,849,064
94$51,225,414$0$0$18,505,933
95$56,251,509$0$0$20,329,857
96$61,783,999$0$0$22,337,816
97$67,874,341$0$0$24,548,517
98$74,579,232$0$0$26,982,575
99$81,961,145$0$0$29,662,706
100$90,088,921$0$0$32,613,940