Can I retire at age 40 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$59,044$58,518$58,005$57,504$57,015$54,970
2 years$29,230$28,685$28,158$27,646$27,150$25,112
3 years$19,293$18,746$18,220$17,713$17,225$15,258
4 years$14,325$13,780$13,259$12,761$12,285$10,404
5 years$11,346$10,804$10,290$9,802$9,339$7,549
6 years$9,360$8,822$8,316$7,839$7,390$5,691
7 years$7,942$7,409$6,910$6,445$6,010$4,403
8 years$6,879$6,351$5,861$5,406$4,986$3,470
9 years$6,053$5,530$5,048$4,605$4,199$2,771
10 years$5,392$4,874$4,401$3,969$3,577$2,236
11 years$4,852$4,339$3,874$3,455$3,077$1,818
12 years$4,402$3,895$3,438$3,030$2,666$1,488
13 years$4,022$3,519$3,072$2,675$2,325$1,223
14 years$3,696$3,199$2,760$2,375$2,038$1,010
15 years$3,414$2,922$2,492$2,118$1,794$837
16 years$3,168$2,681$2,259$1,896$1,586$695
17 years$2,950$2,469$2,056$1,704$1,406$578
18 years$2,757$2,282$1,877$1,535$1,250$482
19 years$2,585$2,115$1,718$1,387$1,114$402
20 years$2,430$1,965$1,577$1,257$995$336
21 years$2,290$1,830$1,450$1,140$891$281
22 years$2,163$1,709$1,337$1,037$799$236
23 years$2,047$1,598$1,234$944$717$198
24 years$1,941$1,497$1,141$861$644$166
25 years$1,843$1,405$1,057$787$580$139
26 years$1,754$1,321$981$719$522$117
27 years$1,671$1,243$911$658$471$98
28 years$1,594$1,171$846$603$425$82
29 years$1,522$1,105$788$553$384$69
30 years$1,455$1,043$734$508$347$58
31 years$1,393$986$684$466$313$49
32 years$1,335$933$638$428$283$41
33 years$1,280$884$596$394$257$34
34 years$1,229$838$557$363$232$29
35 years$1,181$795$521$334$210$24
36 years$1,136$754$487$307$191$20
37 years$1,093$716$456$283$173$17
38 years$1,052$681$427$261$157$14
39 years$1,014$647$400$241$142$12
40 years$978$616$375$222$129$10
41 years$943$586$351$205$117$9
42 years$910$558$330$189$106$7
43 years$879$532$309$174$96$6
44 years$850$507$290$161$87$5
45 years$821$484$273$149$79$4
46 years$794$461$256$137$72$4
47 years$769$440$241$127$65$3
48 years$744$420$226$117$59$3
49 years$721$401$213$108$54$2
50 years$698$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $715,000, adding $2,158 every year, while hoping to spend $42,372 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: 63/28/9 Blend
39$715,000$715,000$715,000$715,000
40$790,156$752,261$741,178$838,288
41$825,668$744,038$720,924$862,476
42$863,383$733,993$698,572$883,745
43$903,480$721,990$674,006$905,890
44$946,155$707,888$647,105$928,996
45$991,625$691,536$617,745$953,157
46$1,040,125$672,776$585,794$978,476
47$1,091,913$651,438$551,114$1,005,072
48$1,147,274$627,343$513,561$1,033,075
49$1,206,516$600,304$472,987$1,062,632
50$1,269,982$570,120$429,232$1,093,905
51$1,338,043$536,579$382,135$1,127,078
52$1,411,111$499,458$331,524$1,162,351
53$1,489,634$458,521$277,219$1,199,953
54$1,574,105$413,517$219,035$1,240,135
55$1,665,067$364,183$156,776$1,283,177
56$1,763,116$310,240$90,239$1,329,392
57$1,868,903$251,391$19,212$1,379,128
58$1,983,149$187,327$0$1,432,771
59$2,106,642$117,717$0$1,496,186
60$2,240,248$42,215$0$1,566,737
61$2,384,923$0$0$1,643,134
62$2,541,714$0$0$1,738,173
63$2,711,774$0$0$1,855,406
64$2,896,371$0$0$1,982,705
65$3,096,898$0$0$2,121,036
66$3,314,889$0$0$2,271,465
67$3,552,032$0$0$2,435,161
68$3,810,182$0$0$2,613,412
69$4,091,383$0$0$2,807,636
70$4,397,883$0$0$3,019,391
71$4,732,154$0$0$3,250,395
72$5,096,920$0$0$3,502,537
73$5,495,178$0$0$3,777,896
74$5,930,227$0$0$4,078,762
75$6,405,700$0$0$4,407,655
76$6,925,593$0$0$4,767,350
77$7,494,312$0$0$5,160,903
78$8,116,702$0$0$5,591,677
79$8,798,102$0$0$6,063,378
80$9,544,390$0$0$6,580,085
81$10,362,039$0$0$7,146,291
82$11,258,178$0$0$7,766,943
83$12,240,658$0$0$8,447,491
84$13,318,127$0$0$9,193,938
85$14,500,109$0$0$10,012,893
86$15,797,095$0$0$10,911,638
87$17,220,639$0$0$11,898,195
88$18,783,470$0$0$12,981,398
89$20,499,609$0$0$14,170,979
90$22,384,501$0$0$15,477,661
91$24,455,162$0$0$16,913,253
92$26,730,334$0$0$18,490,767
93$29,230,667$0$0$20,224,536
94$31,978,910$0$0$22,130,354
95$35,000,125$0$0$24,225,616
96$38,321,925$0$0$26,529,491
97$41,974,729$0$0$29,063,096
98$45,992,054$0$0$31,849,699
99$50,410,828$0$0$34,914,933
100$55,271,735$0$0$38,287,042