Can I retire at age 40 with 714,000?

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 $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%15.1%
1 years$58,961$58,436$57,924$57,424$56,935$55,740
2 years$29,189$28,645$28,118$27,608$27,112$25,914
3 years$19,266$18,720$18,194$17,688$17,201$16,037
4 years$14,305$13,761$13,241$12,744$12,268$11,147
5 years$11,330$10,789$10,275$9,788$9,326$8,251
6 years$9,347$8,810$8,304$7,828$7,379$6,352
7 years$7,931$7,399$6,901$6,436$6,001$5,021
8 years$6,870$6,342$5,852$5,399$4,979$4,046
9 years$6,044$5,522$5,041$4,598$4,193$3,307
10 years$5,385$4,867$4,395$3,964$3,572$2,732
11 years$4,845$4,333$3,869$3,450$3,072$2,277
12 years$4,396$3,889$3,434$3,026$2,662$1,910
13 years$4,016$3,515$3,068$2,671$2,322$1,612
14 years$3,691$3,195$2,756$2,371$2,035$1,366
15 years$3,409$2,918$2,489$2,115$1,792$1,162
16 years$3,163$2,678$2,256$1,894$1,584$992
17 years$2,946$2,466$2,053$1,701$1,404$848
18 years$2,754$2,279$1,874$1,533$1,249$727
19 years$2,581$2,112$1,716$1,385$1,113$625
20 years$2,427$1,962$1,575$1,255$994$538
21 years$2,287$1,828$1,448$1,139$890$463
22 years$2,160$1,706$1,335$1,035$797$400
23 years$2,044$1,596$1,233$943$716$345
24 years$1,938$1,495$1,140$860$643$298
25 years$1,841$1,403$1,056$785$579$258
26 years$1,751$1,319$979$718$521$223
27 years$1,668$1,241$909$657$470$193
28 years$1,591$1,169$845$602$424$167
29 years$1,520$1,103$787$552$383$145
30 years$1,453$1,042$733$507$346$126
31 years$1,391$985$683$466$313$109
32 years$1,333$932$637$428$283$95
33 years$1,279$883$595$393$256$82
34 years$1,227$837$556$362$232$71
35 years$1,179$793$520$333$210$62
36 years$1,134$753$486$307$190$54
37 years$1,091$715$455$283$173$47
38 years$1,051$680$426$261$156$40
39 years$1,012$646$399$240$142$35
40 years$976$615$374$222$129$30
41 years$942$585$351$205$117$26
42 years$909$557$329$189$106$23
43 years$878$531$309$174$96$20
44 years$848$506$290$161$87$17
45 years$820$483$272$149$79$15
46 years$793$461$256$137$72$13
47 years$768$440$240$127$65$11
48 years$743$420$226$117$59$10
49 years$720$401$212$108$54$9
50 years$697$383$200$100$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $714,000, adding $2,137 every year, while hoping to spend $33,561 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: 52/23/25 Blend
39$714,000$714,000$714,000$714,000
40$789,032$751,190$740,123$824,456
41$833,805$752,290$729,209$850,313
42$882,020$752,319$716,804$874,826
43$933,992$751,189$702,823$900,807
44$990,069$748,806$687,177$928,411
45$1,050,631$745,073$669,772$957,808
46$1,116,096$739,883$650,511$989,186
47$1,186,926$733,125$629,292$1,022,757
48$1,263,626$724,682$606,006$1,058,754
49$1,346,752$714,427$580,543$1,097,436
50$1,436,914$702,228$552,785$1,139,093
51$1,534,787$687,944$522,611$1,184,043
52$1,641,108$671,427$489,891$1,232,642
53$1,756,692$652,518$454,494$1,285,283
54$1,882,434$631,050$416,279$1,342,404
55$2,019,318$606,847$375,100$1,404,487
56$2,168,428$579,722$330,805$1,472,070
57$2,330,956$549,477$283,235$1,545,747
58$2,508,214$515,902$232,224$1,626,177
59$2,701,647$478,776$177,599$1,714,089
60$2,912,844$437,865$119,177$1,810,291
61$3,143,556$392,922$56,771$1,915,678
62$3,395,708$343,685$0$2,031,239
63$3,671,423$289,879$0$2,160,693
64$3,973,035$231,210$0$2,318,960
65$4,303,117$167,371$0$2,492,281
66$4,664,498$98,036$0$2,682,200
67$5,060,299$22,861$0$2,890,418
68$5,493,951$0$0$3,118,816
69$5,969,238$0$0$3,384,279
70$6,490,323$0$0$3,681,737
71$7,061,794$0$0$4,008,032
72$7,688,703$0$0$4,366,059
73$8,376,614$0$0$4,759,003
74$9,131,658$0$0$5,190,378
75$9,960,587$0$0$5,664,051
76$10,870,837$0$0$6,184,282
77$11,870,602$0$0$6,755,766
78$12,968,908$0$0$7,383,672
79$14,175,698$0$0$8,073,698
80$15,501,925$0$0$8,832,118
81$16,959,656$0$0$9,665,847
82$18,562,187$0$0$10,582,501
83$20,324,165$0$0$11,590,472
84$22,261,727$0$0$12,699,005
85$24,392,651$0$0$13,918,288
86$26,736,527$0$0$15,259,542
87$29,314,936$0$0$16,735,135
88$32,151,659$0$0$18,358,691
89$35,272,895$0$0$20,145,221
90$38,707,514$0$0$22,111,266
91$42,487,322$0$0$24,275,052
92$46,647,367$0$0$26,656,660
93$51,226,266$0$0$29,278,217
94$56,266,570$0$0$32,164,104
95$61,815,165$0$0$35,341,186
96$67,923,713$0$0$38,839,065
97$74,649,140$0$0$42,690,359
98$82,054,173$0$0$46,931,012
99$90,207,929$0$0$51,600,627
100$99,186,573$0$0$56,742,847