Can I retire at age 40 with 713,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$58,879$58,354$57,843$57,343$56,856$56,403
2 years$29,148$28,605$28,079$27,569$27,074$26,618
3 years$19,239$18,694$18,169$17,664$17,177$16,731
4 years$14,285$13,742$13,222$12,726$12,251$11,819
5 years$11,314$10,774$10,261$9,775$9,313$8,896
6 years$9,334$8,798$8,292$7,817$7,369$6,968
7 years$7,920$7,388$6,891$6,427$5,993$5,608
8 years$6,860$6,333$5,844$5,391$4,972$4,602
9 years$6,036$5,514$5,034$4,592$4,187$3,833
10 years$5,377$4,860$4,388$3,958$3,567$3,230
11 years$4,839$4,327$3,863$3,445$3,068$2,746
12 years$4,390$3,884$3,429$3,022$2,659$2,351
13 years$4,011$3,510$3,063$2,668$2,318$2,026
14 years$3,686$3,190$2,752$2,368$2,032$1,754
15 years$3,405$2,914$2,485$2,112$1,789$1,525
16 years$3,159$2,674$2,253$1,891$1,582$1,331
17 years$2,942$2,462$2,050$1,699$1,402$1,165
18 years$2,750$2,275$1,872$1,531$1,247$1,022
19 years$2,578$2,109$1,713$1,384$1,111$899
20 years$2,423$1,960$1,572$1,253$993$792
21 years$2,284$1,825$1,446$1,137$888$699
22 years$2,157$1,704$1,333$1,034$796$618
23 years$2,041$1,594$1,231$942$715$547
24 years$1,935$1,493$1,138$859$642$484
25 years$1,838$1,401$1,054$784$578$430
26 years$1,749$1,317$978$717$521$381
27 years$1,666$1,239$908$656$469$339
28 years$1,589$1,168$844$601$424$301
29 years$1,518$1,102$785$552$383$268
30 years$1,451$1,040$732$506$346$238
31 years$1,389$984$682$465$312$212
32 years$1,331$931$636$427$283$189
33 years$1,277$881$594$393$256$168
34 years$1,226$835$555$361$232$150
35 years$1,178$792$519$333$210$134
36 years$1,132$752$486$306$190$119
37 years$1,090$714$454$282$172$106
38 years$1,049$679$426$260$156$95
39 years$1,011$645$399$240$142$85
40 years$975$614$374$221$128$76
41 years$940$585$350$204$117$67
42 years$908$557$329$188$106$60
43 years$877$530$308$174$96$54
44 years$847$506$290$161$87$48
45 years$819$482$272$148$79$43
46 years$792$460$255$137$72$38
47 years$766$439$240$127$65$34
48 years$742$419$225$117$59$31
49 years$719$400$212$108$54$27
50 years$696$382$199$100$49$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $713,000, adding $6,220 every year, while hoping to spend $46,957 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: 34/46/20 Blend
39$713,000$713,000$713,000$713,000
40$792,142$754,353$743,301$814,036
41$822,979$741,354$718,240$817,741
42$855,387$726,145$690,766$816,966
43$889,477$708,567$660,747$815,156
44$925,370$688,453$628,049$812,247
45$963,197$665,627$592,527$808,173
46$1,003,101$639,900$554,035$802,867
47$1,045,237$611,075$512,414$796,260
48$1,089,775$578,941$467,504$788,280
49$1,136,900$543,278$419,134$778,855
50$1,186,816$503,850$367,127$767,911
51$1,239,742$460,410$311,297$755,373
52$1,295,921$412,695$251,450$741,165
53$1,355,617$360,429$187,385$725,210
54$1,419,117$303,318$118,891$707,432
55$1,486,740$241,053$45,746$687,755
56$1,558,831$173,308$0$666,104
57$1,635,769$99,737$0$649,300
58$1,717,969$19,977$0$641,242
59$1,805,888$0$0$632,143
60$1,900,024$0$0$655,582
61$2,000,925$0$0$691,613
62$2,109,191$0$0$730,349
63$2,225,482$0$0$772,033
64$2,350,521$0$0$816,935
65$2,485,102$0$0$865,352
66$2,630,097$0$0$917,607
67$2,786,465$0$0$974,058
68$2,955,257$0$0$1,035,097
69$3,137,630$0$0$1,101,155
70$3,334,855$0$0$1,172,706
71$3,548,328$0$0$1,250,271
72$3,779,585$0$0$1,334,422
73$4,030,313$0$0$1,425,792
74$4,302,370$0$0$1,525,071
75$4,597,798$0$0$1,633,023
76$4,918,841$0$0$1,750,487
77$5,267,971$0$0$1,878,385
78$5,647,906$0$0$2,017,733
79$6,061,636$0$0$2,169,649
80$6,512,452$0$0$2,335,363
81$7,003,976$0$0$2,516,228
82$7,540,194$0$0$2,713,736
83$8,125,493$0$0$2,929,526
84$8,764,704$0$0$3,165,405
85$9,463,141$0$0$3,423,361
86$10,226,659$0$0$3,705,583
87$11,061,701$0$0$4,014,484
88$11,975,364$0$0$4,352,716
89$12,975,459$0$0$4,723,204
90$14,070,590$0$0$5,129,167
91$15,270,231$0$0$5,574,150
92$16,584,815$0$0$6,062,058
93$18,025,832$0$0$6,597,193
94$19,605,939$0$0$7,184,290
95$21,339,073$0$0$7,828,568
96$23,240,586$0$0$8,535,775
97$25,327,389$0$0$9,312,240
98$27,618,108$0$0$10,164,937
99$30,133,261$0$0$11,101,550
100$32,895,450$0$0$12,130,540