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%14.3%
1 years$58,961$58,436$57,924$57,424$56,935$55,923
2 years$29,189$28,645$28,118$27,608$27,112$26,096
3 years$19,266$18,720$18,194$17,688$17,201$16,212
4 years$14,305$13,761$13,241$12,744$12,268$11,314
5 years$11,330$10,789$10,275$9,788$9,326$8,410
6 years$9,347$8,810$8,304$7,828$7,379$6,502
7 years$7,931$7,399$6,901$6,436$6,001$5,164
8 years$6,870$6,342$5,852$5,399$4,979$4,180
9 years$6,044$5,522$5,041$4,598$4,193$3,433
10 years$5,385$4,867$4,395$3,964$3,572$2,850
11 years$4,845$4,333$3,869$3,450$3,072$2,387
12 years$4,396$3,889$3,434$3,026$2,662$2,013
13 years$4,016$3,515$3,068$2,671$2,322$1,708
14 years$3,691$3,195$2,756$2,371$2,035$1,455
15 years$3,409$2,918$2,489$2,115$1,792$1,245
16 years$3,163$2,678$2,256$1,894$1,584$1,068
17 years$2,946$2,466$2,053$1,701$1,404$919
18 years$2,754$2,279$1,874$1,533$1,249$793
19 years$2,581$2,112$1,716$1,385$1,113$685
20 years$2,427$1,962$1,575$1,255$994$593
21 years$2,287$1,828$1,448$1,139$890$514
22 years$2,160$1,706$1,335$1,035$797$446
23 years$2,044$1,596$1,233$943$716$388
24 years$1,938$1,495$1,140$860$643$337
25 years$1,841$1,403$1,056$785$579$293
26 years$1,751$1,319$979$718$521$255
27 years$1,668$1,241$909$657$470$223
28 years$1,591$1,169$845$602$424$194
29 years$1,520$1,103$787$552$383$169
30 years$1,453$1,042$733$507$346$148
31 years$1,391$985$683$466$313$129
32 years$1,333$932$637$428$283$113
33 years$1,279$883$595$393$256$98
34 years$1,227$837$556$362$232$86
35 years$1,179$793$520$333$210$75
36 years$1,134$753$486$307$190$66
37 years$1,091$715$455$283$173$57
38 years$1,051$680$426$261$156$50
39 years$1,012$646$399$240$142$44
40 years$976$615$374$222$129$38
41 years$942$585$351$205$117$33
42 years$909$557$329$189$106$29
43 years$878$531$309$174$96$26
44 years$848$506$290$161$87$22
45 years$820$483$272$149$79$20
46 years$793$461$256$137$72$17
47 years$768$440$240$127$65$15
48 years$743$420$226$117$59$13
49 years$720$401$212$108$54$11
50 years$697$383$200$100$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $714,000, adding $4,131 every year, while hoping to spend $48,485 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: 68/23/9 Blend
39$714,000$714,000$714,000$714,000
40$791,089$753,247$742,180$843,224
41$820,193$738,569$715,455$863,677
42$850,640$721,546$686,211$879,801
43$882,516$702,013$654,310$896,148
44$915,915$679,793$619,611$912,732
45$950,937$654,702$581,967$929,570
46$987,691$626,541$541,222$946,682
47$1,026,297$595,103$497,214$964,092
48$1,066,883$560,167$449,775$981,828
49$1,109,591$521,501$398,727$999,923
50$1,154,571$478,857$343,887$1,018,414
51$1,201,992$431,975$285,062$1,037,346
52$1,252,033$380,580$222,049$1,056,769
53$1,304,893$324,381$154,641$1,076,743
54$1,360,787$263,070$82,616$1,097,333
55$1,419,950$196,324$5,747$1,118,617
56$1,482,640$123,798$0$1,140,682
57$1,549,136$45,131$0$1,170,955
58$1,619,745$0$0$1,203,288
59$1,694,804$0$0$1,247,422
60$1,774,679$0$0$1,306,565
61$1,859,771$0$0$1,369,595
62$1,950,521$0$0$1,436,843
63$2,047,411$0$0$1,508,667
64$2,150,969$0$0$1,585,463
65$2,261,774$0$0$1,667,665
66$2,380,459$0$0$1,755,746
67$2,507,723$0$0$1,850,227
68$2,644,327$0$0$1,951,681
69$2,791,111$0$0$2,060,734
70$2,948,994$0$0$2,178,075
71$3,118,987$0$0$2,304,459
72$3,302,199$0$0$2,440,718
73$3,499,848$0$0$2,587,764
74$3,713,274$0$0$2,746,597
75$3,943,947$0$0$2,918,321
76$4,193,483$0$0$3,104,145
77$4,463,662$0$0$3,305,399
78$4,756,435$0$0$3,523,548
79$5,073,952$0$0$3,760,199
80$5,418,574$0$0$4,017,122
81$5,792,902$0$0$4,296,263
82$6,199,792$0$0$4,599,762
83$6,642,389$0$0$4,929,974
84$7,124,153$0$0$5,289,490
85$7,648,891$0$0$5,681,162
86$8,220,791$0$0$6,108,127
87$8,844,464$0$0$6,573,838
88$9,524,984$0$0$7,082,097
89$10,267,937$0$0$7,637,086
90$11,079,469$0$0$8,243,411
91$11,966,350$0$0$8,906,143
92$12,936,032$0$0$9,630,863
93$13,996,718$0$0$10,423,718
94$15,157,443$0$0$11,291,475
95$16,428,152$0$0$12,241,586
96$17,819,801$0$0$13,282,258
97$19,344,450$0$0$14,422,527
98$21,015,386$0$0$15,672,347
99$22,847,238$0$0$17,042,677
100$24,856,119$0$0$18,545,592