Can I retire at age 40 with 710,000?

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 $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%14.7%
1 years$58,631$58,109$57,599$57,102$56,616$55,519
2 years$29,025$28,485$27,961$27,453$26,960$25,859
3 years$19,158$18,615$18,093$17,589$17,105$16,034
4 years$14,225$13,684$13,167$12,672$12,199$11,167
5 years$11,266$10,728$10,218$9,733$9,274$8,283
6 years$9,295$8,761$8,258$7,784$7,338$6,390
7 years$7,887$7,357$6,862$6,400$5,968$5,063
8 years$6,831$6,306$5,820$5,368$4,951$4,089
9 years$6,011$5,491$5,012$4,573$4,169$3,350
10 years$5,355$4,840$4,370$3,942$3,552$2,775
11 years$4,818$4,309$3,847$3,430$3,055$2,318
12 years$4,372$3,867$3,414$3,009$2,648$1,950
13 years$3,994$3,495$3,050$2,656$2,309$1,650
14 years$3,670$3,177$2,741$2,358$2,024$1,402
15 years$3,390$2,902$2,475$2,103$1,782$1,196
16 years$3,146$2,663$2,244$1,883$1,575$1,023
17 years$2,930$2,452$2,042$1,692$1,396$878
18 years$2,738$2,266$1,864$1,525$1,242$755
19 years$2,567$2,100$1,706$1,378$1,107$651
20 years$2,413$1,951$1,566$1,248$989$562
21 years$2,274$1,818$1,440$1,132$885$485
22 years$2,148$1,697$1,327$1,030$793$420
23 years$2,033$1,587$1,226$938$712$364
24 years$1,927$1,487$1,133$855$640$315
25 years$1,830$1,395$1,050$781$576$274
26 years$1,741$1,311$974$714$519$237
27 years$1,659$1,234$904$654$468$206
28 years$1,582$1,163$841$599$422$179
29 years$1,511$1,097$782$549$381$156
30 years$1,445$1,036$729$504$344$136
31 years$1,383$979$679$463$311$118
32 years$1,326$927$634$425$281$103
33 years$1,272$878$592$391$255$89
34 years$1,221$832$553$360$231$78
35 years$1,173$789$517$331$209$68
36 years$1,128$749$484$305$189$59
37 years$1,085$711$453$281$172$51
38 years$1,045$676$424$259$156$45
39 years$1,007$643$397$239$141$39
40 years$971$612$372$220$128$34
41 years$936$582$349$203$116$30
42 years$904$554$327$188$105$26
43 years$873$528$307$173$96$22
44 years$844$503$288$160$87$20
45 years$816$480$271$148$79$17
46 years$789$458$254$136$72$15
47 years$763$437$239$126$65$13
48 years$739$417$225$117$59$11
49 years$716$398$211$108$54$10
50 years$693$381$198$100$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $710,000, adding $3,154 every year, while hoping to spend $50,273 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: 64/6/30 Blend
39$710,000$710,000$710,000$710,000
40$785,673$748,043$737,038$829,466
41$812,322$731,207$708,239$842,713
42$840,004$711,862$676,790$851,400
43$868,771$689,830$642,549$859,822
44$898,680$664,926$605,369$867,961
45$929,790$636,952$565,094$875,799
46$962,166$605,700$521,562$883,319
47$995,877$570,949$474,604$890,502
48$1,030,997$532,466$424,044$897,332
49$1,067,606$490,004$369,696$903,792
50$1,105,789$443,302$311,369$909,867
51$1,145,640$392,083$248,859$915,542
52$1,187,257$336,058$181,959$920,805
53$1,230,750$274,917$110,447$925,645
54$1,276,234$208,336$34,095$930,052
55$1,323,836$135,970$0$934,019
56$1,373,693$57,458$0$952,712
57$1,425,951$0$0$983,595
58$1,480,773$0$0$1,017,650
59$1,538,332$0$0$1,057,404
60$1,598,817$0$0$1,099,195
61$1,662,434$0$0$1,143,168
62$1,729,407$0$0$1,189,479
63$1,799,979$0$0$1,238,300
64$1,874,417$0$0$1,289,817
65$1,953,008$0$0$1,344,232
66$2,036,069$0$0$1,401,768
67$2,123,943$0$0$1,462,666
68$2,217,007$0$0$1,527,190
69$2,315,671$0$0$1,595,628
70$2,420,383$0$0$1,668,296
71$2,531,633$0$0$1,745,538
72$2,649,959$0$0$1,827,732
73$2,775,948$0$0$1,915,290
74$2,910,241$0$0$2,008,665
75$3,053,544$0$0$2,108,352
76$3,206,627$0$0$2,214,893
77$3,370,336$0$0$2,328,883
78$3,545,596$0$0$2,450,974
79$3,733,425$0$0$2,581,881
80$3,934,938$0$0$2,722,390
81$4,151,356$0$0$2,873,361
82$4,384,024$0$0$3,035,740
83$4,634,414$0$0$3,210,565
84$4,904,146$0$0$3,398,974
85$5,194,996$0$0$3,602,221
86$5,508,918$0$0$3,821,680
87$5,848,057$0$0$4,058,863
88$6,214,771$0$0$4,315,431
89$6,611,651$0$0$4,593,209
90$7,041,547$0$0$4,894,206
91$7,507,591$0$0$5,220,627
92$8,013,227$0$0$5,574,901
93$8,562,244$0$0$5,959,696
94$9,158,808$0$0$6,377,950
95$9,807,502$0$0$6,832,892
96$10,513,370$0$0$7,328,076
97$11,281,960$0$0$7,867,413
98$12,119,378$0$0$8,455,206
99$13,032,341$0$0$9,096,192
100$14,028,246$0$0$9,795,583