Can I retire at age 40 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$59,209$58,682$58,167$57,665$57,175$55,815
2 years$29,311$28,766$28,237$27,724$27,226$25,864
3 years$19,347$18,799$18,271$17,763$17,273$15,952
4 years$14,366$13,819$13,297$12,797$12,319$11,049
5 years$11,378$10,834$10,319$9,829$9,365$8,148
6 years$9,386$8,847$8,339$7,861$7,410$6,249
7 years$7,964$7,430$6,930$6,463$6,027$4,920
8 years$6,898$6,369$5,877$5,421$5,000$3,948
9 years$6,070$5,545$5,062$4,618$4,210$3,213
10 years$5,407$4,888$4,413$3,981$3,587$2,644
11 years$4,866$4,351$3,885$3,464$3,085$2,193
12 years$4,415$3,905$3,448$3,039$2,674$1,832
13 years$4,033$3,529$3,081$2,683$2,331$1,538
14 years$3,707$3,208$2,768$2,381$2,044$1,297
15 years$3,424$2,931$2,499$2,124$1,800$1,098
16 years$3,177$2,689$2,266$1,902$1,590$933
17 years$2,959$2,476$2,062$1,709$1,410$794
18 years$2,765$2,288$1,882$1,540$1,254$677
19 years$2,592$2,121$1,723$1,391$1,118$579
20 years$2,437$1,971$1,581$1,260$998$495
21 years$2,296$1,836$1,454$1,144$893$425
22 years$2,169$1,713$1,340$1,040$801$364
23 years$2,053$1,603$1,238$947$719$313
24 years$1,946$1,501$1,145$864$646$269
25 years$1,849$1,409$1,060$789$581$231
26 years$1,758$1,324$983$721$524$199
27 years$1,675$1,246$913$660$472$171
28 years$1,598$1,174$849$605$426$147
29 years$1,526$1,108$790$555$385$127
30 years$1,460$1,046$736$509$348$110
31 years$1,397$989$686$468$314$94
32 years$1,339$936$640$430$284$81
33 years$1,284$886$598$395$257$70
34 years$1,233$840$558$364$233$61
35 years$1,184$797$522$335$211$52
36 years$1,139$756$488$308$191$45
37 years$1,096$718$457$284$173$39
38 years$1,055$683$428$262$157$34
39 years$1,017$649$401$241$142$29
40 years$980$618$376$223$129$25
41 years$946$588$352$205$117$22
42 years$913$560$331$190$106$19
43 years$882$533$310$175$97$16
44 years$852$508$291$162$88$14
45 years$824$485$273$149$80$12
46 years$797$463$257$138$72$10
47 years$771$441$241$127$66$9
48 years$746$421$227$118$60$8
49 years$723$402$213$109$54$7
50 years$700$384$200$101$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $717,000, adding $3,869 every year, while hoping to spend $48,886 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: 69/23/8 Blend
39$717,000$717,000$717,000$717,000
40$794,125$756,124$745,010$847,528
41$823,111$741,160$717,954$868,444
42$853,416$723,824$688,353$884,995
43$885,121$703,948$656,070$901,781
44$918,318$681,356$620,962$918,816
45$953,102$655,858$582,880$936,116
46$989,579$627,255$541,667$953,701
47$1,027,863$595,338$497,160$971,593
48$1,068,079$559,884$449,189$989,818
49$1,110,362$520,656$397,575$1,008,409
50$1,154,857$477,407$342,132$1,027,400
51$1,201,725$429,872$282,666$1,046,835
52$1,251,139$377,774$218,974$1,066,761
53$1,303,289$320,819$150,843$1,087,234
54$1,358,381$258,695$78,052$1,108,319
55$1,416,640$191,076$371$1,130,087
56$1,478,312$117,613$0$1,152,624
57$1,543,666$37,942$0$1,183,068
58$1,612,995$0$0$1,214,975
59$1,686,619$0$0$1,260,690
60$1,764,890$0$0$1,319,519
61$1,848,190$0$0$1,382,151
62$1,936,941$0$0$1,448,906
63$2,031,602$0$0$1,520,131
64$2,132,676$0$0$1,596,209
65$2,240,717$0$0$1,677,560
66$2,356,328$0$0$1,764,642
67$2,480,175$0$0$1,857,960
68$2,612,984$0$0$1,958,066
69$2,755,554$0$0$2,065,566
70$2,908,761$0$0$2,181,126
71$3,073,568$0$0$2,305,477
72$3,251,032$0$0$2,439,421
73$3,442,311$0$0$2,583,839
74$3,648,680$0$0$2,739,699
75$3,871,540$0$0$2,908,065
76$4,112,428$0$0$3,090,104
77$4,373,035$0$0$3,287,102
78$4,655,220$0$0$3,500,471
79$4,961,027$0$0$3,731,763
80$5,292,701$0$0$3,982,686
81$5,652,714$0$0$4,255,117
82$6,043,783$0$0$4,551,121
83$6,468,898$0$0$4,872,969
84$6,931,347$0$0$5,223,162
85$7,434,749$0$0$5,604,448
86$7,983,084$0$0$6,019,855
87$8,580,734$0$0$6,472,711
88$9,232,520$0$0$6,966,681
89$9,943,750$0$0$7,505,800
90$10,720,266$0$0$8,094,507
91$11,568,497$0$0$8,737,690
92$12,495,522$0$0$9,440,731
93$13,509,136$0$0$10,209,553
94$14,617,919$0$0$11,050,680
95$15,831,320$0$0$11,971,294
96$17,159,743$0$0$12,979,305
97$18,614,644$0$0$14,083,421
98$20,208,640$0$0$15,293,234
99$21,955,625$0$0$16,619,307
100$23,870,903$0$0$18,073,273