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%17.3%
1 years$59,044$58,518$58,005$57,504$57,015$55,323
2 years$29,230$28,685$28,158$27,646$27,150$25,459
3 years$19,293$18,746$18,220$17,713$17,225$15,589
4 years$14,325$13,780$13,259$12,761$12,285$10,716
5 years$11,346$10,804$10,290$9,802$9,339$7,840
6 years$9,360$8,822$8,316$7,839$7,390$5,964
7 years$7,942$7,409$6,910$6,445$6,010$4,656
8 years$6,879$6,351$5,861$5,406$4,986$3,704
9 years$6,053$5,530$5,048$4,605$4,199$2,987
10 years$5,392$4,874$4,401$3,969$3,577$2,434
11 years$4,852$4,339$3,874$3,455$3,077$2,000
12 years$4,402$3,895$3,438$3,030$2,666$1,654
13 years$4,022$3,519$3,072$2,675$2,325$1,375
14 years$3,696$3,199$2,760$2,375$2,038$1,148
15 years$3,414$2,922$2,492$2,118$1,794$962
16 years$3,168$2,681$2,259$1,896$1,586$808
17 years$2,950$2,469$2,056$1,704$1,406$680
18 years$2,757$2,282$1,877$1,535$1,250$574
19 years$2,585$2,115$1,718$1,387$1,114$485
20 years$2,430$1,965$1,577$1,257$995$410
21 years$2,290$1,830$1,450$1,140$891$348
22 years$2,163$1,709$1,337$1,037$799$295
23 years$2,047$1,598$1,234$944$717$250
24 years$1,941$1,497$1,141$861$644$212
25 years$1,843$1,405$1,057$787$580$181
26 years$1,754$1,321$981$719$522$154
27 years$1,671$1,243$911$658$471$131
28 years$1,594$1,171$846$603$425$111
29 years$1,522$1,105$788$553$384$95
30 years$1,455$1,043$734$508$347$80
31 years$1,393$986$684$466$313$69
32 years$1,335$933$638$428$283$58
33 years$1,280$884$596$394$257$50
34 years$1,229$838$557$363$232$42
35 years$1,181$795$521$334$210$36
36 years$1,136$754$487$307$191$31
37 years$1,093$716$456$283$173$26
38 years$1,052$681$427$261$157$22
39 years$1,014$647$400$241$142$19
40 years$978$616$375$222$129$16
41 years$943$586$351$205$117$14
42 years$910$558$330$189$106$12
43 years$879$532$309$174$96$10
44 years$850$507$290$161$87$9
45 years$821$484$273$149$79$7
46 years$794$461$256$137$72$6
47 years$769$440$241$127$65$5
48 years$744$420$226$117$59$5
49 years$721$401$213$108$54$4
50 years$698$383$200$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $715,000, adding $5,623 every year, while hoping to spend $23,423 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: 48/34/18 Blend
39$715,000$715,000$715,000$715,000
40$793,730$755,835$744,753$827,558
41$849,769$767,949$744,780$863,727
42$910,738$779,872$744,023$900,146
43$977,117$791,569$742,431$939,191
44$1,049,431$803,004$739,951$981,119
45$1,128,259$814,137$736,525$1,026,211
46$1,214,239$824,928$732,097$1,074,780
47$1,308,073$835,330$726,603$1,127,168
48$1,410,531$845,297$719,980$1,183,755
49$1,522,466$854,776$712,159$1,244,959
50$1,644,811$863,714$703,070$1,311,244
51$1,778,598$872,052$692,639$1,383,120
52$1,924,960$879,728$680,788$1,461,150
53$2,085,148$886,677$667,436$1,545,956
54$2,260,535$892,826$652,497$1,638,225
55$2,452,637$898,102$635,884$1,738,714
56$2,663,122$902,425$617,501$1,848,261
57$2,893,826$905,709$597,253$1,967,788
58$3,146,772$907,865$575,037$2,098,315
59$3,424,189$908,796$550,747$2,240,967
60$3,728,531$908,402$524,271$2,396,983
61$4,062,500$906,572$495,493$2,567,735
62$4,429,074$903,194$464,292$2,754,733
63$4,831,533$898,144$430,539$2,959,646
64$5,273,490$891,293$394,102$3,184,313
65$5,758,924$882,505$354,843$3,430,765
66$6,292,220$871,633$312,616$3,701,243
67$6,878,208$858,524$267,270$3,998,218
68$7,522,208$843,015$218,646$4,324,417
69$8,230,082$824,932$166,580$4,682,848
70$9,008,289$804,092$110,899$5,076,832
71$9,863,943$780,301$51,422$5,510,027
72$10,804,883$753,353$0$5,986,473
73$11,839,746$723,033$0$6,512,938
74$12,978,047$689,108$0$7,102,712
75$14,230,270$651,337$0$7,751,367
76$15,607,966$609,461$0$8,464,920
77$17,123,863$563,209$0$9,250,007
78$18,791,984$512,293$0$10,113,942
79$20,627,780$456,409$0$11,064,790
80$22,648,276$395,236$0$12,111,442
81$24,872,232$328,434$0$13,263,699
82$27,320,316$255,644$0$14,532,366
83$30,015,306$176,487$0$15,929,355
84$32,982,296$90,564$0$17,467,799
85$36,248,940$0$0$19,162,173
86$39,845,709$0$0$21,029,389
87$43,806,179$0$0$23,122,826
88$48,167,347$0$0$25,428,170
89$52,969,982$0$0$27,966,983
90$58,259,007$0$0$30,763,027
91$64,083,925$0$0$33,842,485
92$70,499,283$0$0$37,234,209
93$77,565,189$0$0$40,969,993
94$85,347,880$0$0$45,084,870
95$93,920,343$0$0$49,617,446
96$103,363,007$0$0$54,610,264
97$113,764,500$0$0$60,110,202
98$125,222,488$0$0$66,168,919
99$137,844,591$0$0$72,843,341
100$151,749,406$0$0$80,196,197