Can I retire at age 40 with 712,000?

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 $712,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$58,796$58,273$57,762$57,263$56,776$54,958
2 years$29,107$28,565$28,040$27,530$27,036$25,222
3 years$19,212$18,668$18,143$17,639$17,153$15,399
4 years$14,265$13,723$13,204$12,708$12,234$10,553
5 years$11,298$10,759$10,247$9,761$9,300$7,697
6 years$9,321$8,785$8,281$7,806$7,359$5,835
7 years$7,909$7,378$6,881$6,418$5,984$4,541
8 years$6,850$6,324$5,836$5,384$4,965$3,599
9 years$6,028$5,506$5,027$4,586$4,181$2,892
10 years$5,370$4,854$4,382$3,953$3,562$2,348
11 years$4,832$4,321$3,858$3,440$3,064$1,922
12 years$4,384$3,878$3,424$3,017$2,655$1,583
13 years$4,005$3,505$3,059$2,664$2,315$1,311
14 years$3,681$3,186$2,749$2,365$2,030$1,090
15 years$3,400$2,910$2,482$2,109$1,787$909
16 years$3,154$2,670$2,250$1,888$1,579$760
17 years$2,938$2,459$2,047$1,697$1,400$637
18 years$2,746$2,272$1,869$1,529$1,245$535
19 years$2,574$2,106$1,711$1,382$1,110$450
20 years$2,420$1,957$1,570$1,251$991$379
21 years$2,280$1,823$1,444$1,136$887$320
22 years$2,154$1,701$1,331$1,033$795$270
23 years$2,038$1,591$1,229$940$714$228
24 years$1,933$1,491$1,137$858$642$193
25 years$1,836$1,399$1,053$783$577$163
26 years$1,746$1,315$976$716$520$138
27 years$1,664$1,238$907$656$469$117
28 years$1,587$1,166$843$601$423$99
29 years$1,516$1,100$784$551$382$84
30 years$1,449$1,039$731$505$345$71
31 years$1,387$982$681$464$312$60
32 years$1,329$929$636$427$282$51
33 years$1,275$880$593$392$255$43
34 years$1,224$834$554$361$231$37
35 years$1,176$791$518$332$209$31
36 years$1,131$751$485$306$190$26
37 years$1,088$713$454$282$172$22
38 years$1,048$678$425$260$156$19
39 years$1,010$645$398$240$141$16
40 years$973$613$373$221$128$14
41 years$939$584$350$204$116$12
42 years$906$556$328$188$106$10
43 years$875$530$308$174$96$8
44 years$846$505$289$160$87$7
45 years$818$481$272$148$79$6
46 years$791$459$255$137$72$5
47 years$765$438$240$126$65$4
48 years$741$418$225$117$59$4
49 years$718$400$212$108$54$3
50 years$695$382$199$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $712,000, adding $5,486 every year, while hoping to spend $45,639 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: 59/11/30 Blend
39$712,000$712,000$712,000$712,000
40$790,283$752,547$741,511$830,140
41$822,332$740,862$717,792$846,375
42$856,121$727,075$691,749$858,794
43$891,778$711,035$663,255$871,412
44$929,445$692,581$632,180$884,261
45$969,275$671,544$598,385$897,379
46$1,011,436$647,745$561,726$910,810
47$1,056,112$620,993$522,052$924,605
48$1,103,502$591,088$479,207$938,821
49$1,153,825$557,818$433,027$953,526
50$1,207,320$520,956$383,339$968,797
51$1,264,250$480,267$329,964$984,721
52$1,324,901$435,497$272,715$1,001,397
53$1,389,587$386,383$211,397$1,018,938
54$1,458,652$332,642$145,806$1,037,473
55$1,532,472$273,979$75,728$1,057,145
56$1,611,460$210,080$941$1,078,119
57$1,696,070$140,615$0$1,100,580
58$1,786,797$65,233$0$1,149,980
59$1,884,187$0$0$1,203,270
60$1,988,837$0$0$1,262,480
61$2,101,405$0$0$1,334,705
62$2,222,610$0$0$1,412,515
63$2,353,244$0$0$1,496,424
64$2,494,176$0$0$1,586,997
65$2,646,362$0$0$1,684,853
66$2,810,851$0$0$1,790,674
67$2,988,796$0$0$1,905,209
68$3,181,466$0$0$2,029,280
69$3,390,254$0$0$2,163,794
70$3,616,694$0$0$2,309,745
71$3,862,470$0$0$2,468,229
72$4,129,437$0$0$2,640,449
73$4,419,634$0$0$2,827,729
74$4,735,304$0$0$3,031,528
75$5,078,916$0$0$3,253,449
76$5,453,186$0$0$3,495,256
77$5,861,102$0$0$3,758,890
78$6,305,954$0$0$4,046,490
79$6,791,362$0$0$4,360,406
80$7,321,311$0$0$4,703,230
81$7,900,187$0$0$5,077,810
82$8,532,820$0$0$5,487,285
83$9,224,527$0$0$5,935,110
84$9,981,160$0$0$6,425,089
85$10,809,165$0$0$6,961,411
86$11,715,639$0$0$7,548,688
87$12,708,398$0$0$8,192,000
88$13,796,048$0$0$8,896,939
89$14,988,066$0$0$9,669,667
90$16,294,893$0$0$10,516,969
91$17,728,025$0$0$11,446,317
92$19,300,124$0$0$12,465,941
93$21,025,138$0$0$13,584,908
94$22,918,430$0$0$14,813,205
95$24,996,923$0$0$16,161,830
96$27,279,258$0$0$17,642,903
97$29,785,969$0$0$19,269,770
98$32,539,678$0$0$21,057,138
99$35,565,305$0$0$23,021,206
100$38,890,303$0$0$25,179,820