Can I retire at age 40 with 710,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$58,631$58,109$57,599$57,102$56,616$55,979
2 years$29,025$28,485$27,961$27,453$26,960$26,318
3 years$19,158$18,615$18,093$17,589$17,105$16,478
4 years$14,225$13,684$13,167$12,672$12,199$11,593
5 years$11,266$10,728$10,218$9,733$9,274$8,690
6 years$9,295$8,761$8,258$7,784$7,338$6,777
7 years$7,887$7,357$6,862$6,400$5,968$5,430
8 years$6,831$6,306$5,820$5,368$4,951$4,436
9 years$6,011$5,491$5,012$4,573$4,169$3,678
10 years$5,355$4,840$4,370$3,942$3,552$3,084
11 years$4,818$4,309$3,847$3,430$3,055$2,609
12 years$4,372$3,867$3,414$3,009$2,648$2,223
13 years$3,994$3,495$3,050$2,656$2,309$1,905
14 years$3,670$3,177$2,741$2,358$2,024$1,641
15 years$3,390$2,902$2,475$2,103$1,782$1,419
16 years$3,146$2,663$2,244$1,883$1,575$1,231
17 years$2,930$2,452$2,042$1,692$1,396$1,072
18 years$2,738$2,266$1,864$1,525$1,242$935
19 years$2,567$2,100$1,706$1,378$1,107$818
20 years$2,413$1,951$1,566$1,248$989$716
21 years$2,274$1,818$1,440$1,132$885$628
22 years$2,148$1,697$1,327$1,030$793$552
23 years$2,033$1,587$1,226$938$712$486
24 years$1,927$1,487$1,133$855$640$428
25 years$1,830$1,395$1,050$781$576$377
26 years$1,741$1,311$974$714$519$332
27 years$1,659$1,234$904$654$468$293
28 years$1,582$1,163$841$599$422$259
29 years$1,511$1,097$782$549$381$229
30 years$1,445$1,036$729$504$344$202
31 years$1,383$979$679$463$311$179
32 years$1,326$927$634$425$281$158
33 years$1,272$878$592$391$255$140
34 years$1,221$832$553$360$231$124
35 years$1,173$789$517$331$209$110
36 years$1,128$749$484$305$189$97
37 years$1,085$711$453$281$172$86
38 years$1,045$676$424$259$156$76
39 years$1,007$643$397$239$141$68
40 years$971$612$372$220$128$60
41 years$936$582$349$203$116$53
42 years$904$554$327$188$105$47
43 years$873$528$307$173$96$42
44 years$844$503$288$160$87$37
45 years$816$480$271$148$79$33
46 years$789$458$254$136$72$29
47 years$763$437$239$126$65$26
48 years$739$417$225$117$59$23
49 years$716$398$211$108$54$20
50 years$693$381$198$100$49$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $710,000, adding $6,289 every year, while hoping to spend $47,128 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: 26/45/29 Blend
39$710,000$710,000$710,000$710,000
40$788,907$751,277$740,272$802,171
41$819,232$737,946$714,927$800,271
42$851,070$722,382$687,154$793,814
43$884,527$704,426$656,821$785,928
44$919,715$683,910$623,791$776,523
45$956,759$660,654$587,922$765,510
46$995,794$634,471$549,062$752,792
47$1,036,965$605,161$507,056$738,270
48$1,080,434$572,512$461,741$721,842
49$1,126,373$536,301$412,944$703,400
50$1,174,975$496,290$360,489$682,835
51$1,226,445$452,232$304,188$660,032
52$1,281,012$403,860$243,848$634,873
53$1,338,922$350,897$179,264$607,237
54$1,400,448$293,046$110,225$576,999
55$1,465,886$229,998$36,510$544,030
56$1,535,559$161,421$0$508,199
57$1,609,825$86,969$0$482,416
58$1,689,071$6,274$0$466,403
59$1,773,724$0$0$448,790
60$1,864,251$0$0$469,652
61$1,961,165$0$0$495,388
62$2,065,026$0$0$523,051
63$2,176,452$0$0$552,815
64$2,296,119$0$0$584,872
65$2,424,768$0$0$619,433
66$2,563,214$0$0$656,728
67$2,712,352$0$0$697,012
68$2,873,165$0$0$740,564
69$3,046,731$0$0$787,691
70$3,234,237$0$0$838,729
71$3,436,985$0$0$894,051
72$3,656,409$0$0$954,062
73$3,894,083$0$0$1,019,213
74$4,151,738$0$0$1,089,996
75$4,431,279$0$0$1,166,954
76$4,734,799$0$0$1,250,684
77$5,064,601$0$0$1,341,842
78$5,423,219$0$0$1,441,151
79$5,813,439$0$0$1,549,407
80$6,238,329$0$0$1,667,484
81$6,701,264$0$0$1,796,346
82$7,205,956$0$0$1,937,054
83$7,756,494$0$0$2,090,775
84$8,357,376$0$0$2,258,794
85$9,013,554$0$0$2,442,526
86$9,730,479$0$0$2,643,528
87$10,514,154$0$0$2,863,516
88$11,371,185$0$0$3,104,379
89$12,308,847$0$0$3,368,197
90$13,335,152$0$0$3,657,260
91$14,458,921$0$0$3,974,091
92$15,689,866$0$0$4,321,468
93$17,038,687$0$0$4,702,451
94$18,517,163$0$0$5,120,411
95$20,138,270$0$0$5,579,059
96$21,916,300$0$0$6,082,485
97$23,866,993$0$0$6,635,193
98$26,007,685$0$0$7,242,144
99$28,357,476$0$0$7,908,804
100$30,937,401$0$0$8,641,195