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%19.4%
1 years$58,714$58,191$57,680$57,182$56,696$54,554
2 years$29,066$28,525$28,000$27,492$26,998$24,865
3 years$19,185$18,641$18,118$17,614$17,129$15,072
4 years$14,245$13,703$13,185$12,690$12,216$10,251
5 years$11,282$10,744$10,232$9,747$9,287$7,418
6 years$9,308$8,773$8,269$7,795$7,348$5,578
7 years$7,898$7,368$6,872$6,409$5,976$4,303
8 years$6,841$6,315$5,828$5,376$4,958$3,380
9 years$6,019$5,499$5,019$4,579$4,175$2,692
10 years$5,362$4,847$4,376$3,947$3,557$2,165
11 years$4,825$4,315$3,853$3,435$3,060$1,755
12 years$4,378$3,873$3,419$3,013$2,651$1,431
13 years$3,999$3,500$3,055$2,660$2,312$1,173
14 years$3,676$3,181$2,745$2,361$2,027$965
15 years$3,395$2,906$2,478$2,106$1,784$796
16 years$3,150$2,666$2,247$1,886$1,577$659
17 years$2,934$2,456$2,044$1,694$1,398$546
18 years$2,742$2,269$1,866$1,527$1,243$454
19 years$2,571$2,103$1,709$1,380$1,108$377
20 years$2,416$1,954$1,568$1,250$990$314
21 years$2,277$1,820$1,442$1,134$886$262
22 years$2,151$1,699$1,329$1,031$794$218
23 years$2,035$1,589$1,227$939$713$182
24 years$1,930$1,489$1,135$856$641$152
25 years$1,833$1,397$1,051$782$576$127
26 years$1,744$1,313$975$715$519$106
27 years$1,661$1,236$905$655$468$89
28 years$1,585$1,165$842$600$422$74
29 years$1,514$1,099$783$550$381$62
30 years$1,447$1,038$730$505$345$52
31 years$1,385$981$680$464$312$44
32 years$1,328$928$635$426$282$36
33 years$1,273$879$593$392$255$31
34 years$1,222$833$554$360$231$26
35 years$1,174$790$518$332$209$21
36 years$1,129$750$484$306$190$18
37 years$1,087$712$453$282$172$15
38 years$1,046$677$424$260$156$13
39 years$1,008$644$398$239$141$11
40 years$972$612$373$221$128$9
41 years$938$583$349$204$116$7
42 years$905$555$328$188$105$6
43 years$874$529$308$173$96$5
44 years$845$504$289$160$87$4
45 years$817$481$271$148$79$4
46 years$790$459$255$137$72$3
47 years$764$438$239$126$65$3
48 years$740$418$225$117$59$2
49 years$717$399$211$108$54$2
50 years$694$381$199$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $711,000, adding $4,515 every year, while hoping to spend $37,680 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: 26/44/30 Blend
39$711,000$711,000$711,000$711,000
40$788,179$750,496$739,476$801,232
41$828,482$747,179$724,157$809,100
42$871,633$742,437$707,062$814,048
43$917,883$736,160$688,092$818,596
44$967,507$728,231$667,143$822,738
45$1,020,806$718,528$644,105$826,468
46$1,078,112$706,920$618,867$829,788
47$1,139,789$693,268$591,308$832,699
48$1,206,235$677,426$561,305$835,211
49$1,277,890$659,239$528,727$837,338
50$1,355,235$638,542$493,440$839,099
51$1,438,800$615,161$455,301$840,523
52$1,529,167$588,913$414,163$841,645
53$1,626,974$559,602$369,870$842,510
54$1,732,926$527,023$322,261$843,175
55$1,847,795$490,958$271,167$843,709
56$1,972,431$451,175$216,412$844,195
57$2,107,768$407,433$157,811$844,730
58$2,254,836$359,472$95,173$845,431
59$2,414,765$307,022$28,298$846,434
60$2,588,800$249,795$0$847,900
61$2,778,310$187,488$0$863,798
62$2,984,802$119,779$0$891,119
63$3,209,934$46,330$0$921,112
64$3,455,530$0$0$954,136
65$3,723,600$0$0$1,006,673
66$4,016,355$0$0$1,088,656
67$4,336,229$0$0$1,178,350
68$4,685,902$0$0$1,276,520
69$5,068,323$0$0$1,384,010
70$5,486,742$0$0$1,501,748
71$5,944,735$0$0$1,630,757
72$6,446,241$0$0$1,772,164
73$6,995,599$0$0$1,927,209
74$7,597,583$0$0$2,097,259
75$8,257,456$0$0$2,283,818
76$8,981,010$0$0$2,488,545
77$9,774,628$0$0$2,713,264
78$10,645,338$0$0$2,959,988
79$11,600,882$0$0$3,230,932
80$12,649,787$0$0$3,528,536
81$13,801,448$0$0$3,855,490
82$15,066,211$0$0$4,214,754
83$16,455,476$0$0$4,609,593
84$17,981,801$0$0$5,043,601
85$19,659,018$0$0$5,520,738
86$21,502,369$0$0$6,045,368
87$23,528,642$0$0$6,622,298
88$25,756,336$0$0$7,256,824
89$28,205,829$0$0$7,954,782
90$30,899,575$0$0$8,722,602
91$33,862,310$0$0$9,567,366
92$37,121,290$0$0$10,496,881
93$40,706,544$0$0$11,519,746
94$44,651,159$0$0$12,645,437
95$48,991,590$0$0$13,884,395
96$53,768,005$0$0$15,248,124
97$59,024,660$0$0$16,749,300
98$64,810,323$0$0$18,401,891
99$71,178,725$0$0$20,221,287
100$78,189,074$0$0$22,224,448