Can I retire at age 40 with 716,000?

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 $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%14.9%
1 years$59,127$58,600$58,086$57,585$57,095$55,942
2 years$29,271$28,725$28,197$27,685$27,188$26,032
3 years$19,320$18,772$18,245$17,738$17,249$16,125
4 years$14,346$13,800$13,278$12,779$12,302$11,220
5 years$11,362$10,819$10,304$9,816$9,352$8,314
6 years$9,373$8,835$8,327$7,850$7,400$6,407
7 years$7,953$7,419$6,920$6,454$6,018$5,071
8 years$6,889$6,360$5,869$5,414$4,993$4,090
9 years$6,061$5,537$5,055$4,611$4,204$3,347
10 years$5,400$4,881$4,407$3,975$3,582$2,769
11 years$4,859$4,345$3,880$3,459$3,081$2,310
12 years$4,408$3,900$3,443$3,034$2,670$1,941
13 years$4,028$3,524$3,076$2,679$2,328$1,640
14 years$3,701$3,204$2,764$2,378$2,041$1,392
15 years$3,419$2,927$2,496$2,121$1,797$1,185
16 years$3,172$2,685$2,263$1,899$1,588$1,013
17 years$2,955$2,473$2,059$1,706$1,408$868
18 years$2,761$2,285$1,879$1,538$1,252$745
19 years$2,589$2,118$1,721$1,389$1,116$641
20 years$2,433$1,968$1,579$1,258$997$553
21 years$2,293$1,833$1,452$1,142$892$477
22 years$2,166$1,711$1,339$1,038$800$412
23 years$2,050$1,600$1,236$946$718$356
24 years$1,944$1,499$1,143$862$645$308
25 years$1,846$1,407$1,059$788$581$267
26 years$1,756$1,322$982$720$523$231
27 years$1,673$1,245$912$659$471$201
28 years$1,596$1,173$848$604$425$174
29 years$1,524$1,106$789$554$384$151
30 years$1,457$1,045$735$508$347$131
31 years$1,395$988$685$467$314$114
32 years$1,337$935$639$429$284$99
33 years$1,282$885$597$395$257$86
34 years$1,231$839$558$363$233$75
35 years$1,183$796$521$334$211$65
36 years$1,137$755$488$308$191$57
37 years$1,094$717$456$284$173$49
38 years$1,054$682$427$261$157$43
39 years$1,015$648$400$241$142$37
40 years$979$617$375$222$129$32
41 years$944$587$352$205$117$28
42 years$912$559$330$189$106$24
43 years$880$533$310$175$96$21
44 years$851$508$291$161$87$19
45 years$822$484$273$149$79$16
46 years$795$462$256$138$72$14
47 years$770$441$241$127$65$12
48 years$745$421$226$117$59$11
49 years$722$402$213$109$54$9
50 years$699$384$200$100$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $716,000, adding $3,323 every year, while hoping to spend $56,737 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: 55/30/15 Blend
39$716,000$716,000$716,000$716,000
40$792,460$754,512$743,414$832,742
41$812,923$731,115$707,950$837,122
42$833,572$704,670$669,397$835,482
43$854,365$674,968$627,591$832,406
44$875,256$641,788$582,362$827,768
45$896,191$604,894$533,530$821,434
46$917,109$564,040$480,909$813,261
47$937,940$518,964$424,305$803,095
48$958,605$469,388$363,515$790,768
49$979,015$415,021$298,325$776,102
50$999,070$355,552$228,514$758,905
51$1,018,657$290,656$153,851$738,970
52$1,037,648$219,986$74,093$716,073
53$1,055,902$143,180$0$689,975
54$1,073,259$59,850$0$662,182
55$1,089,540$0$0$643,420
56$1,104,547$0$0$631,602
57$1,118,056$0$0$638,597
58$1,129,820$0$0$644,497
59$1,139,562$0$0$649,132
60$1,146,975$0$0$652,316
61$1,151,715$0$0$653,839
62$1,153,403$0$0$653,469
63$1,151,617$0$0$650,950
64$1,145,885$0$0$645,994
65$1,135,689$0$0$638,285
66$1,120,449$0$0$627,472
67$1,099,526$0$0$613,164
68$1,072,210$0$0$594,930
69$1,037,714$0$0$572,292
70$995,169$0$0$544,720
71$943,609$0$0$511,628
72$881,968$0$0$472,369
73$809,067$0$0$426,224
74$723,599$0$0$372,401
75$624,122$0$0$310,024
76$509,040$0$0$238,122
77$376,589$0$0$155,626
78$224,821$0$0$61,352
79$51,581$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0