Can I retire at age 40 with 715,000?

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 $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%12.9%
1 years$59,044$58,518$58,005$57,504$57,015$56,326
2 years$29,230$28,685$28,158$27,646$27,150$26,457
3 years$19,293$18,746$18,220$17,713$17,225$16,549
4 years$14,325$13,780$13,259$12,761$12,285$11,631
5 years$11,346$10,804$10,290$9,802$9,339$8,709
6 years$9,360$8,822$8,316$7,839$7,390$6,785
7 years$7,942$7,409$6,910$6,445$6,010$5,430
8 years$6,879$6,351$5,861$5,406$4,986$4,431
9 years$6,053$5,530$5,048$4,605$4,199$3,669
10 years$5,392$4,874$4,401$3,969$3,577$3,073
11 years$4,852$4,339$3,874$3,455$3,077$2,596
12 years$4,402$3,895$3,438$3,030$2,666$2,209
13 years$4,022$3,519$3,072$2,675$2,325$1,891
14 years$3,696$3,199$2,760$2,375$2,038$1,627
15 years$3,414$2,922$2,492$2,118$1,794$1,405
16 years$3,168$2,681$2,259$1,896$1,586$1,218
17 years$2,950$2,469$2,056$1,704$1,406$1,058
18 years$2,757$2,282$1,877$1,535$1,250$922
19 years$2,585$2,115$1,718$1,387$1,114$805
20 years$2,430$1,965$1,577$1,257$995$704
21 years$2,290$1,830$1,450$1,140$891$617
22 years$2,163$1,709$1,337$1,037$799$541
23 years$2,047$1,598$1,234$944$717$475
24 years$1,941$1,497$1,141$861$644$418
25 years$1,843$1,405$1,057$787$580$368
26 years$1,754$1,321$981$719$522$324
27 years$1,671$1,243$911$658$471$285
28 years$1,594$1,171$846$603$425$252
29 years$1,522$1,105$788$553$384$222
30 years$1,455$1,043$734$508$347$196
31 years$1,393$986$684$466$313$173
32 years$1,335$933$638$428$283$153
33 years$1,280$884$596$394$257$135
34 years$1,229$838$557$363$232$119
35 years$1,181$795$521$334$210$106
36 years$1,136$754$487$307$191$93
37 years$1,093$716$456$283$173$83
38 years$1,052$681$427$261$157$73
39 years$1,014$647$400$241$142$65
40 years$978$616$375$222$129$57
41 years$943$586$351$205$117$51
42 years$910$558$330$189$106$45
43 years$879$532$309$174$96$40
44 years$850$507$290$161$87$35
45 years$821$484$273$149$79$31
46 years$794$461$256$137$72$27
47 years$769$440$241$127$65$24
48 years$744$420$226$117$59$22
49 years$721$401$213$108$54$19
50 years$698$383$200$100$49$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $715,000, adding $4,010 every year, while hoping to spend $46,914 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: 60/17/23 Blend
39$715,000$715,000$715,000$715,000
40$792,066$754,171$743,089$834,522
41$822,941$741,210$718,066$850,852
42$855,392$726,040$690,633$863,204
43$889,532$708,506$660,659$875,650
44$925,481$688,439$628,007$888,209
45$963,371$665,664$592,537$900,902
46$1,003,346$639,992$554,098$913,756
47$1,045,562$611,227$512,535$926,801
48$1,090,190$579,158$467,685$940,076
49$1,137,417$543,564$419,380$953,623
50$1,187,445$504,211$367,442$967,494
51$1,240,498$460,850$311,684$981,747
52$1,296,819$413,222$251,915$996,451
53$1,356,672$361,047$187,932$1,011,683
54$1,420,349$304,035$119,524$1,027,535
55$1,488,168$241,876$46,472$1,044,108
56$1,560,477$174,244$0$1,061,522
57$1,637,658$100,794$0$1,087,638
58$1,720,129$21,163$0$1,127,552
59$1,808,348$0$0$1,170,084
60$1,902,817$0$0$1,227,657
61$2,004,088$0$0$1,293,657
62$2,112,765$0$0$1,364,523
63$2,229,511$0$0$1,440,694
64$2,355,054$0$0$1,522,649
65$2,490,193$0$0$1,610,916
66$2,635,807$0$0$1,706,075
67$2,792,860$0$0$1,808,761
68$2,962,410$0$0$1,919,675
69$3,145,622$0$0$2,039,584
70$3,343,774$0$0$2,169,332
71$3,558,273$0$0$2,309,849
72$3,790,664$0$0$2,462,155
73$4,042,646$0$0$2,627,373
74$4,316,088$0$0$2,806,736
75$4,613,046$0$0$3,001,602
76$4,935,781$0$0$3,213,465
77$5,286,778$0$0$3,443,967
78$5,668,775$0$0$3,694,916
79$6,084,783$0$0$3,968,302
80$6,538,113$0$0$4,266,313
81$7,032,413$0$0$4,591,358
82$7,571,694$0$0$4,946,090
83$8,160,375$0$0$5,333,425
84$8,803,317$0$0$5,756,579
85$9,505,872$0$0$6,219,087
86$10,273,933$0$0$6,724,844
87$11,113,988$0$0$7,278,137
88$12,033,180$0$0$7,883,688
89$13,039,375$0$0$8,546,696
90$14,141,235$0$0$9,272,885
91$15,348,297$0$0$10,068,560
92$16,671,067$0$0$10,940,663
93$18,121,111$0$0$11,896,842
94$19,711,173$0$0$12,945,519
95$21,455,285$0$0$14,095,969
96$23,368,904$0$0$15,358,410
97$25,469,055$0$0$16,744,097
98$27,774,492$0$0$18,265,427
99$30,305,873$0$0$19,936,055
100$33,085,954$0$0$21,771,026