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%18.2%
1 years$58,631$58,109$57,599$57,102$56,616$54,738
2 years$29,025$28,485$27,961$27,453$26,960$25,086
3 years$19,158$18,615$18,093$17,589$17,105$15,294
4 years$14,225$13,684$13,167$12,672$12,199$10,465
5 years$11,266$10,728$10,218$9,733$9,274$7,621
6 years$9,295$8,761$8,258$7,784$7,338$5,768
7 years$7,887$7,357$6,862$6,400$5,968$4,481
8 years$6,831$6,306$5,820$5,368$4,951$3,545
9 years$6,011$5,491$5,012$4,573$4,169$2,843
10 years$5,355$4,840$4,370$3,942$3,552$2,304
11 years$4,818$4,309$3,847$3,430$3,055$1,883
12 years$4,372$3,867$3,414$3,009$2,648$1,548
13 years$3,994$3,495$3,050$2,656$2,309$1,279
14 years$3,670$3,177$2,741$2,358$2,024$1,061
15 years$3,390$2,902$2,475$2,103$1,782$883
16 years$3,146$2,663$2,244$1,883$1,575$737
17 years$2,930$2,452$2,042$1,692$1,396$617
18 years$2,738$2,266$1,864$1,525$1,242$517
19 years$2,567$2,100$1,706$1,378$1,107$434
20 years$2,413$1,951$1,566$1,248$989$364
21 years$2,274$1,818$1,440$1,132$885$307
22 years$2,148$1,697$1,327$1,030$793$258
23 years$2,033$1,587$1,226$938$712$218
24 years$1,927$1,487$1,133$855$640$183
25 years$1,830$1,395$1,050$781$576$155
26 years$1,741$1,311$974$714$519$131
27 years$1,659$1,234$904$654$468$110
28 years$1,582$1,163$841$599$422$93
29 years$1,511$1,097$782$549$381$79
30 years$1,445$1,036$729$504$344$66
31 years$1,383$979$679$463$311$56
32 years$1,326$927$634$425$281$47
33 years$1,272$878$592$391$255$40
34 years$1,221$832$553$360$231$34
35 years$1,173$789$517$331$209$29
36 years$1,128$749$484$305$189$24
37 years$1,085$711$453$281$172$21
38 years$1,045$676$424$259$156$17
39 years$1,007$643$397$239$141$15
40 years$971$612$372$220$128$12
41 years$936$582$349$203$116$11
42 years$904$554$327$188$105$9
43 years$873$528$307$173$96$8
44 years$844$503$288$160$87$6
45 years$816$480$271$148$79$5
46 years$789$458$254$136$72$5
47 years$763$437$239$126$65$4
48 years$739$417$225$117$59$3
49 years$716$398$211$108$54$3
50 years$693$381$198$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $710,000, adding $4,752 every year, while hoping to spend $35,579 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: 41/37/22 Blend
39$710,000$710,000$710,000$710,000
40$787,322$749,692$738,687$814,331
41$829,773$748,571$725,577$832,974
42$875,361$746,203$710,836$849,381
43$924,370$742,488$694,370$866,421
44$977,109$737,323$676,085$884,173
45$1,033,918$730,596$655,878$902,723
46$1,095,172$722,190$633,644$922,172
47$1,161,281$711,979$609,273$942,630
48$1,232,697$699,831$582,649$964,226
49$1,309,916$685,607$553,651$987,101
50$1,393,483$669,157$522,154$1,011,415
51$1,483,998$650,325$488,026$1,037,348
52$1,582,119$628,944$451,128$1,065,103
53$1,688,571$604,838$411,317$1,094,905
54$1,804,151$577,821$368,441$1,127,008
55$1,929,736$547,696$322,345$1,161,696
56$2,066,289$514,253$272,864$1,199,287
57$2,214,872$477,273$219,827$1,240,135
58$2,376,652$436,522$163,054$1,284,638
59$2,552,913$391,755$102,359$1,333,236
60$2,745,069$342,709$37,547$1,386,424
61$2,954,675$289,111$0$1,444,751
62$3,183,443$230,669$0$1,516,252
63$3,433,259$167,076$0$1,604,075
64$3,706,197$98,009$0$1,700,209
65$4,004,541$23,123$0$1,805,552
66$4,330,806$0$0$1,921,100
67$4,687,760$0$0$2,071,545
68$5,078,453$0$0$2,246,604
69$5,506,242$0$0$2,438,377
70$5,974,824$0$0$2,648,534
71$6,488,270$0$0$2,878,912
72$7,051,063$0$0$3,131,536
73$7,668,143$0$0$3,408,636
74$8,344,948$0$0$3,712,666
75$9,087,469$0$0$4,046,333
76$9,902,303$0$0$4,412,615
77$10,796,721$0$0$4,814,795
78$11,778,726$0$0$5,256,488
79$12,857,140$0$0$5,741,678
80$14,041,677$0$0$6,274,751
81$15,343,039$0$0$6,860,542
82$16,773,018$0$0$7,504,374
83$18,344,601$0$0$8,212,116
84$20,072,100$0$0$8,990,229
85$21,971,278$0$0$9,845,835
86$24,059,504$0$0$10,786,779
87$26,355,915$0$0$11,821,705
88$28,881,594$0$0$12,960,134
89$31,659,770$0$0$14,212,561
90$34,716,035$0$0$15,590,547
91$38,078,589$0$0$17,106,828
92$41,778,501$0$0$18,775,440
93$45,850,005$0$0$20,611,848
94$50,330,820$0$0$22,633,091
95$55,262,508$0$0$24,857,944
96$60,690,863$0$0$27,307,094
97$66,666,346$0$0$30,003,338
98$73,244,556$0$0$32,971,792
99$80,486,757$0$0$36,240,134
100$88,460,458$0$0$39,838,862