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%16.8%
1 years$58,714$58,191$57,680$57,182$56,696$55,124
2 years$29,066$28,525$28,000$27,492$26,998$25,426
3 years$19,185$18,641$18,118$17,614$17,129$15,606
4 years$14,245$13,703$13,185$12,690$12,216$10,755
5 years$11,282$10,744$10,232$9,747$9,287$7,890
6 years$9,308$8,773$8,269$7,795$7,348$6,018
7 years$7,898$7,368$6,872$6,409$5,976$4,712
8 years$6,841$6,315$5,828$5,376$4,958$3,759
9 years$6,019$5,499$5,019$4,579$4,175$3,041
10 years$5,362$4,847$4,376$3,947$3,557$2,486
11 years$4,825$4,315$3,853$3,435$3,060$2,049
12 years$4,378$3,873$3,419$3,013$2,651$1,700
13 years$3,999$3,500$3,055$2,660$2,312$1,418
14 years$3,676$3,181$2,745$2,361$2,027$1,188
15 years$3,395$2,906$2,478$2,106$1,784$999
16 years$3,150$2,666$2,247$1,886$1,577$842
17 years$2,934$2,456$2,044$1,694$1,398$712
18 years$2,742$2,269$1,866$1,527$1,243$603
19 years$2,571$2,103$1,709$1,380$1,108$511
20 years$2,416$1,954$1,568$1,250$990$434
21 years$2,277$1,820$1,442$1,134$886$369
22 years$2,151$1,699$1,329$1,031$794$314
23 years$2,035$1,589$1,227$939$713$268
24 years$1,930$1,489$1,135$856$641$228
25 years$1,833$1,397$1,051$782$576$195
26 years$1,744$1,313$975$715$519$166
27 years$1,661$1,236$905$655$468$142
28 years$1,585$1,165$842$600$422$121
29 years$1,514$1,099$783$550$381$104
30 years$1,447$1,038$730$505$345$89
31 years$1,385$981$680$464$312$76
32 years$1,328$928$635$426$282$65
33 years$1,273$879$593$392$255$55
34 years$1,222$833$554$360$231$47
35 years$1,174$790$518$332$209$41
36 years$1,129$750$484$306$190$35
37 years$1,087$712$453$282$172$30
38 years$1,046$677$424$260$156$25
39 years$1,008$644$398$239$141$22
40 years$972$612$373$221$128$19
41 years$938$583$349$204$116$16
42 years$905$555$328$188$105$14
43 years$874$529$308$173$96$12
44 years$845$504$289$160$87$10
45 years$817$481$271$148$79$9
46 years$790$459$255$137$72$7
47 years$764$438$239$126$65$6
48 years$740$418$225$117$59$5
49 years$717$399$211$108$54$5
50 years$694$381$199$100$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $711,000, adding $3,373 every year, while hoping to spend $35,974 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: 65/19/16 Blend
39$711,000$711,000$711,000$711,000
40$787,001$749,318$738,298$834,879
41$828,999$747,759$724,755$865,793
42$874,075$744,917$709,552$895,098
43$922,506$740,693$692,597$926,244
44$974,593$734,978$673,790$959,409
45$1,030,670$727,661$653,031$994,793
46$1,091,102$718,620$630,211$1,032,615
47$1,156,290$707,728$605,219$1,073,120
48$1,226,675$694,850$577,937$1,116,576
49$1,302,741$679,842$548,243$1,163,282
50$1,385,020$662,555$516,009$1,213,568
51$1,474,099$642,826$481,101$1,267,800
52$1,570,619$620,487$443,380$1,326,380
53$1,675,288$595,357$402,700$1,389,756
54$1,788,884$567,246$358,907$1,458,422
55$1,912,263$535,953$311,843$1,532,925
56$2,046,365$501,266$261,341$1,613,869
57$2,192,225$462,959$207,227$1,701,921
58$2,350,983$420,795$149,320$1,797,820
59$2,523,891$374,522$87,430$1,902,383
60$2,712,329$323,875$21,360$2,016,512
61$2,917,814$268,572$0$2,141,204
62$3,142,017$208,318$0$2,285,951
63$3,386,776$142,799$0$2,448,018
64$3,654,114$71,684$0$2,625,138
65$3,946,261$0$0$2,818,836
66$4,265,669$0$0$3,031,920
67$4,615,038$0$0$3,281,431
68$4,997,343$0$0$3,554,509
69$5,415,857$0$0$3,853,501
70$5,874,186$0$0$4,180,987
71$6,376,301$0$0$4,539,811
72$6,926,575$0$0$4,933,105
73$7,529,823$0$0$5,364,317
74$8,191,350$0$0$5,837,246
75$8,916,997$0$0$6,356,075
76$9,713,199$0$0$6,925,413
77$10,587,044$0$0$7,550,335
78$11,546,339$0$0$8,236,433
79$12,599,684$0$0$8,989,866
80$13,756,551$0$0$9,817,419
81$15,027,378$0$0$10,726,565
82$16,423,660$0$0$11,725,540
83$17,958,063$0$0$12,823,412
84$19,644,539$0$0$14,030,177
85$21,498,461$0$0$15,356,843
86$23,536,763$0$0$16,815,540
87$25,778,104$0$0$18,419,632
88$28,243,041$0$0$20,183,841
89$30,954,222$0$0$22,124,391
90$33,936,600$0$0$24,259,153
91$37,217,670$0$0$26,607,820
92$40,827,724$0$0$29,192,089
93$44,800,141$0$0$32,035,867
94$49,171,695$0$0$35,165,496
95$53,982,909$0$0$38,609,998
96$59,278,432$0$0$42,401,356
97$65,107,460$0$0$46,574,805
98$71,524,201$0$0$51,169,174
99$78,588,387$0$0$56,227,247
100$86,365,835$0$0$61,796,166