Can I retire at age 40 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$58,961$58,436$57,924$57,424$56,935$56,458
2 years$29,189$28,645$28,118$27,608$27,112$26,631
3 years$19,266$18,720$18,194$17,688$17,201$16,731
4 years$14,305$13,761$13,241$12,744$12,268$11,813
5 years$11,330$10,789$10,275$9,788$9,326$8,887
6 years$9,347$8,810$8,304$7,828$7,379$6,957
7 years$7,931$7,399$6,901$6,436$6,001$5,596
8 years$6,870$6,342$5,852$5,399$4,979$4,590
9 years$6,044$5,522$5,041$4,598$4,193$3,821
10 years$5,385$4,867$4,395$3,964$3,572$3,217
11 years$4,845$4,333$3,869$3,450$3,072$2,733
12 years$4,396$3,889$3,434$3,026$2,662$2,339
13 years$4,016$3,515$3,068$2,671$2,322$2,014
14 years$3,691$3,195$2,756$2,371$2,035$1,743
15 years$3,409$2,918$2,489$2,115$1,792$1,514
16 years$3,163$2,678$2,256$1,894$1,584$1,321
17 years$2,946$2,466$2,053$1,701$1,404$1,155
18 years$2,754$2,279$1,874$1,533$1,249$1,013
19 years$2,581$2,112$1,716$1,385$1,113$890
20 years$2,427$1,962$1,575$1,255$994$784
21 years$2,287$1,828$1,448$1,139$890$691
22 years$2,160$1,706$1,335$1,035$797$610
23 years$2,044$1,596$1,233$943$716$540
24 years$1,938$1,495$1,140$860$643$478
25 years$1,841$1,403$1,056$785$579$423
26 years$1,751$1,319$979$718$521$376
27 years$1,668$1,241$909$657$470$333
28 years$1,591$1,169$845$602$424$296
29 years$1,520$1,103$787$552$383$263
30 years$1,453$1,042$733$507$346$234
31 years$1,391$985$683$466$313$208
32 years$1,333$932$637$428$283$185
33 years$1,279$883$595$393$256$165
34 years$1,227$837$556$362$232$147
35 years$1,179$793$520$333$210$131
36 years$1,134$753$486$307$190$117
37 years$1,091$715$455$283$173$104
38 years$1,051$680$426$261$156$93
39 years$1,012$646$399$240$142$83
40 years$976$615$374$222$129$74
41 years$942$585$351$205$117$66
42 years$909$557$329$189$106$59
43 years$878$531$309$174$96$52
44 years$848$506$290$161$87$47
45 years$820$483$272$149$79$42
46 years$793$461$256$137$72$37
47 years$768$440$240$127$65$33
48 years$743$420$226$117$59$30
49 years$720$401$212$108$54$26
50 years$697$383$200$100$49$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $714,000, adding $6,202 every year, while hoping to spend $42,941 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: 65/7/28 Blend
39$714,000$714,000$714,000$714,000
40$793,225$755,383$744,316$838,539
41$828,445$746,708$723,562$861,245
42$865,819$736,169$700,673$880,732
43$905,520$723,629$675,533$901,091
44$947,739$708,942$648,020$922,414
45$992,685$691,957$618,005$944,801
46$1,040,586$672,510$585,355$968,365
47$1,091,692$650,430$549,931$993,233
48$1,146,278$625,534$511,587$1,019,546
49$1,204,643$597,630$470,170$1,047,460
50$1,267,117$566,514$425,521$1,077,151
51$1,334,061$531,972$377,474$1,108,813
52$1,405,871$493,774$325,855$1,142,663
53$1,482,980$451,679$270,482$1,178,942
54$1,565,867$405,435$211,166$1,217,918
55$1,655,055$354,770$147,709$1,259,890
56$1,751,118$299,401$79,905$1,305,189
57$1,854,687$239,027$7,537$1,354,182
58$1,966,457$173,331$0$1,407,278
59$2,087,189$101,978$0$1,485,752
60$2,217,720$24,613$0$1,573,042
61$2,358,972$0$0$1,667,525
62$2,511,954$0$0$1,774,452
63$2,677,781$0$0$1,892,450
64$2,857,674$0$0$2,020,500
65$3,052,980$0$0$2,159,564
66$3,265,177$0$0$2,310,701
67$3,495,894$0$0$2,475,077
68$3,746,919$0$0$2,653,972
69$4,020,225$0$0$2,848,798
70$4,317,978$0$0$3,061,105
71$4,642,564$0$0$3,292,602
72$4,996,608$0$0$3,545,169
73$5,383,001$0$0$3,820,875
74$5,804,924$0$0$4,121,996
75$6,265,877$0$0$4,451,041
76$6,769,716$0$0$4,810,769
77$7,320,686$0$0$5,204,220
78$7,923,459$0$0$5,634,739
79$8,583,181$0$0$6,106,011
80$9,305,518$0$0$6,622,094
81$10,096,709$0$0$7,187,456
82$10,963,625$0$0$7,807,016
83$11,913,834$0$0$8,486,195
84$12,955,669$0$0$9,230,959
85$14,098,311$0$0$10,047,884
86$15,351,869$0$0$10,944,209
87$16,727,478$0$0$11,927,910
88$18,237,406$0$0$13,007,771
89$19,895,164$0$0$14,193,469
90$21,715,636$0$0$15,495,664
91$23,715,218$0$0$16,926,098
92$25,911,971$0$0$18,497,707
93$28,325,794$0$0$20,224,743
94$30,978,608$0$0$22,122,905
95$33,894,561$0$0$24,209,490
96$37,100,260$0$0$26,503,552
97$40,625,016$0$0$29,026,087
98$44,501,124$0$0$31,800,225
99$48,764,164$0$0$34,851,448
100$53,453,338$0$0$38,207,837