Can I retire at age 40 with 716,000?

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 $716,000?

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$59,127$58,600$58,086$57,585$57,095$55,400
2 years$29,271$28,725$28,197$27,685$27,188$25,495
3 years$19,320$18,772$18,245$17,738$17,249$15,610
4 years$14,346$13,800$13,278$12,779$12,302$10,730
5 years$11,362$10,819$10,304$9,816$9,352$7,851
6 years$9,373$8,835$8,327$7,850$7,400$5,972
7 years$7,953$7,419$6,920$6,454$6,018$4,663
8 years$6,889$6,360$5,869$5,414$4,993$3,709
9 years$6,061$5,537$5,055$4,611$4,204$2,991
10 years$5,400$4,881$4,407$3,975$3,582$2,438
11 years$4,859$4,345$3,880$3,459$3,081$2,003
12 years$4,408$3,900$3,443$3,034$2,670$1,657
13 years$4,028$3,524$3,076$2,679$2,328$1,377
14 years$3,701$3,204$2,764$2,378$2,041$1,150
15 years$3,419$2,927$2,496$2,121$1,797$963
16 years$3,172$2,685$2,263$1,899$1,588$809
17 years$2,955$2,473$2,059$1,706$1,408$681
18 years$2,761$2,285$1,879$1,538$1,252$575
19 years$2,589$2,118$1,721$1,389$1,116$486
20 years$2,433$1,968$1,579$1,258$997$411
21 years$2,293$1,833$1,452$1,142$892$348
22 years$2,166$1,711$1,339$1,038$800$295
23 years$2,050$1,600$1,236$946$718$251
24 years$1,944$1,499$1,143$862$645$213
25 years$1,846$1,407$1,059$788$581$181
26 years$1,756$1,322$982$720$523$154
27 years$1,673$1,245$912$659$471$131
28 years$1,596$1,173$848$604$425$111
29 years$1,524$1,106$789$554$384$95
30 years$1,457$1,045$735$508$347$81
31 years$1,395$988$685$467$314$69
32 years$1,337$935$639$429$284$58
33 years$1,282$885$597$395$257$50
34 years$1,231$839$558$363$233$42
35 years$1,183$796$521$334$211$36
36 years$1,137$755$488$308$191$31
37 years$1,094$717$456$284$173$26
38 years$1,054$682$427$261$157$22
39 years$1,015$648$400$241$142$19
40 years$979$617$375$222$129$16
41 years$944$587$352$205$117$14
42 years$912$559$330$189$106$12
43 years$880$533$310$175$96$10
44 years$851$508$291$161$87$9
45 years$822$484$273$149$79$7
46 years$795$462$256$138$72$6
47 years$770$441$241$127$65$5
48 years$745$421$226$117$59$5
49 years$722$402$213$109$54$4
50 years$699$384$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 $716,000, adding $4,097 every year, while hoping to spend $36,783 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: 32/48/20 Blend
39$716,000$716,000$716,000$716,000
40$793,258$755,310$744,212$813,611
41$835,034$753,183$730,006$827,062
42$879,837$749,720$714,092$837,905
43$927,939$744,815$696,373$848,816
44$979,636$738,358$676,748$859,821
45$1,035,253$730,231$655,113$870,955
46$1,095,147$720,311$631,358$882,258
47$1,159,711$708,465$605,367$893,780
48$1,229,376$694,554$577,021$905,575
49$1,304,614$678,429$546,193$917,713
50$1,385,947$659,934$512,753$930,268
51$1,473,946$638,903$476,562$943,333
52$1,569,239$615,160$437,478$957,009
53$1,672,519$588,521$395,351$971,417
54$1,784,545$558,787$350,024$986,694
55$1,906,152$525,751$301,333$1,002,995
56$2,038,260$489,193$249,109$1,020,499
57$2,181,880$448,881$193,171$1,039,408
58$2,338,124$404,569$133,335$1,059,953
59$2,508,216$355,996$69,405$1,082,394
60$2,693,504$302,890$1,180$1,107,027
61$2,895,468$244,958$0$1,134,184
62$3,115,740$181,896$0$1,179,525
63$3,356,116$113,379$0$1,229,452
64$3,618,571$39,065$0$1,284,235
65$3,905,280$0$0$1,344,459
66$4,218,639$0$0$1,432,648
67$4,561,283$0$0$1,551,745
68$4,936,116$0$0$1,682,139
69$5,346,334$0$0$1,824,954
70$5,795,456$0$0$1,981,431
71$6,287,358$0$0$2,152,933
72$6,826,308$0$0$2,340,965
73$7,417,007$0$0$2,547,182
74$8,064,631$0$0$2,773,407
75$8,774,882$0$0$3,021,649
76$9,554,040$0$0$3,294,120
77$10,409,021$0$0$3,593,258
78$11,347,446$0$0$3,921,747
79$12,377,706$0$0$4,282,544
80$13,509,047$0$0$4,678,906
81$14,751,652$0$0$5,114,423
82$16,116,740$0$0$5,593,049
83$17,616,671$0$0$6,119,138
84$19,265,059$0$0$6,697,489
85$21,076,904$0$0$7,333,390
86$23,068,732$0$0$8,032,665
87$25,258,749$0$0$8,801,730
88$27,667,014$0$0$9,647,657
89$30,315,626$0$0$10,578,235
90$33,228,933$0$0$11,602,047
91$36,433,762$0$0$12,728,550
92$39,959,672$0$0$13,968,164
93$43,839,229$0$0$15,332,370
94$48,108,317$0$0$16,833,817
95$52,806,472$0$0$18,486,445
96$57,977,259$0$0$20,305,612
97$63,668,678$0$0$22,308,240
98$69,933,622$0$0$24,512,977
99$76,830,367$0$0$26,940,371
100$84,423,132$0$0$29,613,061