Can I retire at age 40 with 713,000?

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 $713,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$58,879$58,354$57,843$57,343$56,856$55,436
2 years$29,148$28,605$28,079$27,569$27,074$25,653
3 years$19,239$18,694$18,169$17,664$17,177$15,799
4 years$14,285$13,742$13,222$12,726$12,251$10,926
5 years$11,314$10,774$10,261$9,775$9,313$8,045
6 years$9,334$8,798$8,292$7,817$7,369$6,159
7 years$7,920$7,388$6,891$6,427$5,993$4,842
8 years$6,860$6,333$5,844$5,391$4,972$3,879
9 years$6,036$5,514$5,034$4,592$4,187$3,151
10 years$5,377$4,860$4,388$3,958$3,567$2,587
11 years$4,839$4,327$3,863$3,445$3,068$2,142
12 years$4,390$3,884$3,429$3,022$2,659$1,786
13 years$4,011$3,510$3,063$2,668$2,318$1,497
14 years$3,686$3,190$2,752$2,368$2,032$1,260
15 years$3,405$2,914$2,485$2,112$1,789$1,064
16 years$3,159$2,674$2,253$1,891$1,582$902
17 years$2,942$2,462$2,050$1,699$1,402$766
18 years$2,750$2,275$1,872$1,531$1,247$652
19 years$2,578$2,109$1,713$1,384$1,111$556
20 years$2,423$1,960$1,572$1,253$993$475
21 years$2,284$1,825$1,446$1,137$888$406
22 years$2,157$1,704$1,333$1,034$796$347
23 years$2,041$1,594$1,231$942$715$298
24 years$1,935$1,493$1,138$859$642$255
25 years$1,838$1,401$1,054$784$578$219
26 years$1,749$1,317$978$717$521$188
27 years$1,666$1,239$908$656$469$161
28 years$1,589$1,168$844$601$424$139
29 years$1,518$1,102$785$552$383$119
30 years$1,451$1,040$732$506$346$102
31 years$1,389$984$682$465$312$88
32 years$1,331$931$636$427$283$76
33 years$1,277$881$594$393$256$65
34 years$1,226$835$555$361$232$56
35 years$1,178$792$519$333$210$48
36 years$1,132$752$486$306$190$42
37 years$1,090$714$454$282$172$36
38 years$1,049$679$426$260$156$31
39 years$1,011$645$399$240$142$27
40 years$975$614$374$221$128$23
41 years$940$585$350$204$117$20
42 years$908$557$329$188$106$17
43 years$877$530$308$174$96$15
44 years$847$506$290$161$87$13
45 years$819$482$272$148$79$11
46 years$792$460$255$137$72$9
47 years$766$439$240$127$65$8
48 years$742$419$225$117$59$7
49 years$719$400$212$108$54$6
50 years$696$382$199$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $713,000, adding $2,037 every year, while hoping to spend $21,172 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: 58/23/19 Blend
39$713,000$713,000$713,000$713,000
40$787,827$750,038$738,987$829,459
41$845,659$764,263$741,216$872,184
42$908,679$778,476$742,810$916,261
43$977,396$792,653$743,726$963,838
44$1,052,367$806,769$743,917$1,015,258
45$1,134,207$820,799$743,336$1,070,897
46$1,223,590$834,712$741,933$1,131,171
47$1,321,262$848,479$739,653$1,196,536
48$1,428,042$862,066$736,443$1,267,499
49$1,544,832$875,436$732,243$1,344,615
50$1,672,625$888,553$726,993$1,428,499
51$1,812,515$901,374$720,630$1,519,827
52$1,965,706$913,856$713,085$1,619,345
53$2,133,524$925,951$704,290$1,727,875
54$2,317,430$937,609$694,170$1,846,325
55$2,519,033$948,777$682,650$1,975,696
56$2,740,104$959,396$669,648$2,117,088
57$2,982,594$969,406$655,081$2,271,720
58$3,248,652$978,741$638,860$2,440,930
59$3,540,646$987,331$620,893$2,626,198
60$3,861,184$995,102$601,085$2,829,153
61$4,213,137$1,001,975$579,334$3,051,593
62$4,599,670$1,007,864$555,534$3,295,498
63$5,024,269$1,012,682$529,577$3,563,054
64$5,490,772$1,016,331$501,346$3,856,669
65$6,003,411$1,018,711$470,721$4,178,999
66$6,566,845$1,019,714$437,576$4,532,972
67$7,186,208$1,019,226$401,780$4,921,816
68$7,867,158$1,017,124$363,196$5,349,090
69$8,615,925$1,013,280$321,680$5,818,718
70$9,439,375$1,007,556$277,082$6,335,025
71$10,345,072$999,808$229,245$6,902,782
72$11,341,352$989,881$178,007$7,527,246
73$12,437,396$977,611$123,197$8,214,213
74$13,643,322$962,826$64,636$8,970,073
75$14,970,279$945,342$2,138$9,801,872
76$16,430,547$924,964$0$10,717,373
77$18,037,663$901,486$0$11,738,227
78$19,806,536$874,691$0$12,862,097
79$21,753,600$844,348$0$14,098,994
80$23,896,957$810,212$0$15,460,430
81$26,256,559$772,024$0$16,959,096
82$28,854,387$729,512$0$18,608,973
83$31,714,662$682,386$0$20,425,474
84$34,864,075$630,340$0$22,425,583
85$38,332,036$573,052$0$24,628,021
86$42,150,951$510,179$0$27,053,417
87$46,356,530$441,360$0$29,724,509
88$50,988,123$366,213$0$32,666,354
89$56,089,090$284,336$0$35,906,569
90$61,707,212$195,303$0$39,475,591
91$67,895,138$98,664$0$43,406,962
92$74,710,887$0$0$47,737,650
93$82,218,392$0$0$52,509,931
94$90,488,103$0$0$57,794,314
95$99,597,652$0$0$63,615,449
96$109,632,588$0$0$70,028,012
97$120,687,180$0$0$77,092,255
98$132,865,312$0$0$84,874,576
99$146,281,455$0$0$93,448,138
100$161,061,758$0$0$102,893,569