Can I retire at age 40 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$58,714$58,191$57,680$57,182$56,696$55,348
2 years$29,066$28,525$28,000$27,492$26,998$25,648
3 years$19,185$18,641$18,118$17,614$17,129$15,818
4 years$14,245$13,703$13,185$12,690$12,216$10,956
5 years$11,282$10,744$10,232$9,747$9,287$8,080
6 years$9,308$8,773$8,269$7,795$7,348$6,196
7 years$7,898$7,368$6,872$6,409$5,976$4,879
8 years$6,841$6,315$5,828$5,376$4,958$3,915
9 years$6,019$5,499$5,019$4,579$4,175$3,187
10 years$5,362$4,847$4,376$3,947$3,557$2,621
11 years$4,825$4,315$3,853$3,435$3,060$2,175
12 years$4,378$3,873$3,419$3,013$2,651$1,816
13 years$3,999$3,500$3,055$2,660$2,312$1,525
14 years$3,676$3,181$2,745$2,361$2,027$1,287
15 years$3,395$2,906$2,478$2,106$1,784$1,089
16 years$3,150$2,666$2,247$1,886$1,577$925
17 years$2,934$2,456$2,044$1,694$1,398$787
18 years$2,742$2,269$1,866$1,527$1,243$672
19 years$2,571$2,103$1,709$1,380$1,108$574
20 years$2,416$1,954$1,568$1,250$990$491
21 years$2,277$1,820$1,442$1,134$886$421
22 years$2,151$1,699$1,329$1,031$794$361
23 years$2,035$1,589$1,227$939$713$310
24 years$1,930$1,489$1,135$856$641$267
25 years$1,833$1,397$1,051$782$576$229
26 years$1,744$1,313$975$715$519$197
27 years$1,661$1,236$905$655$468$170
28 years$1,585$1,165$842$600$422$146
29 years$1,514$1,099$783$550$381$126
30 years$1,447$1,038$730$505$345$109
31 years$1,385$981$680$464$312$94
32 years$1,328$928$635$426$282$81
33 years$1,273$879$593$392$255$70
34 years$1,222$833$554$360$231$60
35 years$1,174$790$518$332$209$52
36 years$1,129$750$484$306$190$45
37 years$1,087$712$453$282$172$39
38 years$1,046$677$424$260$156$33
39 years$1,008$644$398$239$141$29
40 years$972$612$373$221$128$25
41 years$938$583$349$204$116$21
42 years$905$555$328$188$105$18
43 years$874$529$308$173$96$16
44 years$845$504$289$160$87$14
45 years$817$481$271$148$79$12
46 years$790$459$255$137$72$10
47 years$764$438$239$126$65$9
48 years$740$418$225$117$59$8
49 years$717$399$211$108$54$7
50 years$694$381$199$100$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $711,000, adding $2,463 every year, while hoping to spend $55,153 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: 29/50/21 Blend
39$711,000$711,000$711,000$711,000
40$786,063$748,380$737,359$803,612
41$807,559$726,368$703,378$795,304
42$829,399$701,429$666,411$781,293
43$851,560$673,361$626,298$765,064
44$874,015$641,952$582,874$746,461
45$896,731$606,974$535,968$725,319
46$919,672$568,190$485,397$701,461
47$942,794$525,347$430,973$674,699
48$966,048$478,178$372,500$644,836
49$989,377$426,402$309,771$611,660
50$1,012,717$369,719$242,572$574,949
51$1,035,994$307,815$170,678$534,465
52$1,059,125$240,357$93,855$489,956
53$1,082,015$166,993$11,858$441,155
54$1,104,557$87,353$0$387,778
55$1,126,633$1,044$0$346,472
56$1,148,106$0$0$303,906
57$1,168,827$0$0$307,951
58$1,188,625$0$0$312,212
59$1,207,310$0$0$316,052
60$1,224,671$0$0$319,402
61$1,240,471$0$0$322,184
62$1,254,445$0$0$324,311
63$1,266,298$0$0$325,687
64$1,275,704$0$0$326,205
65$1,282,297$0$0$325,745
66$1,285,671$0$0$324,175
67$1,285,375$0$0$321,350
68$1,280,909$0$0$317,106
69$1,271,717$0$0$311,262
70$1,257,183$0$0$303,620
71$1,236,622$0$0$293,957
72$1,209,276$0$0$282,029
73$1,174,307$0$0$267,564
74$1,130,784$0$0$250,262
75$1,077,678$0$0$229,790
76$1,013,849$0$0$205,781
77$938,035$0$0$177,829
78$848,844$0$0$145,484
79$744,731$0$0$108,249
80$623,993$0$0$65,576
81$484,742$0$0$16,858
82$324,897$0$0$0
83$142,155$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0