Can I retire at age 40 with 717,000?

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 $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%18.1%
1 years$59,209$58,682$58,167$57,665$57,175$55,300
2 years$29,311$28,766$28,237$27,724$27,226$25,355
3 years$19,347$18,799$18,271$17,763$17,273$15,465
4 years$14,366$13,819$13,297$12,797$12,319$10,588
5 years$11,378$10,834$10,319$9,829$9,365$7,715
6 years$9,386$8,847$8,339$7,861$7,410$5,842
7 years$7,964$7,430$6,930$6,463$6,027$4,541
8 years$6,898$6,369$5,877$5,421$5,000$3,595
9 years$6,070$5,545$5,062$4,618$4,210$2,885
10 years$5,407$4,888$4,413$3,981$3,587$2,340
11 years$4,866$4,351$3,885$3,464$3,085$1,912
12 years$4,415$3,905$3,448$3,039$2,674$1,573
13 years$4,033$3,529$3,081$2,683$2,331$1,301
14 years$3,707$3,208$2,768$2,381$2,044$1,080
15 years$3,424$2,931$2,499$2,124$1,800$900
16 years$3,177$2,689$2,266$1,902$1,590$751
17 years$2,959$2,476$2,062$1,709$1,410$629
18 years$2,765$2,288$1,882$1,540$1,254$527
19 years$2,592$2,121$1,723$1,391$1,118$443
20 years$2,437$1,971$1,581$1,260$998$373
21 years$2,296$1,836$1,454$1,144$893$314
22 years$2,169$1,713$1,340$1,040$801$264
23 years$2,053$1,603$1,238$947$719$223
24 years$1,946$1,501$1,145$864$646$188
25 years$1,849$1,409$1,060$789$581$159
26 years$1,758$1,324$983$721$524$134
27 years$1,675$1,246$913$660$472$113
28 years$1,598$1,174$849$605$426$96
29 years$1,526$1,108$790$555$385$81
30 years$1,460$1,046$736$509$348$69
31 years$1,397$989$686$468$314$58
32 years$1,339$936$640$430$284$49
33 years$1,284$886$598$395$257$41
34 years$1,233$840$558$364$233$35
35 years$1,184$797$522$335$211$30
36 years$1,139$756$488$308$191$25
37 years$1,096$718$457$284$173$21
38 years$1,055$683$428$262$157$18
39 years$1,017$649$401$241$142$15
40 years$980$618$376$223$129$13
41 years$946$588$352$205$117$11
42 years$913$560$331$190$106$9
43 years$882$533$310$175$97$8
44 years$852$508$291$162$88$7
45 years$824$485$273$149$80$6
46 years$797$463$257$138$72$5
47 years$771$441$241$127$66$4
48 years$746$421$227$118$60$3
49 years$723$402$213$109$54$3
50 years$700$384$200$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $717,000, adding $5,494 every year, while hoping to spend $58,815 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: 21/49/30 Blend
39$717,000$717,000$717,000$717,000
40$795,801$757,800$746,687$804,877
41$814,394$732,354$709,122$788,239
42$832,912$703,689$668,328$765,252
43$851,286$671,586$624,133$739,413
44$869,437$635,814$576,361$710,531
45$887,275$596,124$524,825$678,400
46$904,702$552,259$469,331$642,803
47$921,604$503,942$409,676$603,511
48$937,855$450,883$345,648$560,279
49$953,315$392,775$277,026$512,848
50$967,826$329,294$203,579$460,944
51$981,211$260,096$125,066$404,275
52$993,273$184,819$41,234$342,530
53$1,003,793$103,081$0$275,382
54$1,012,526$14,478$0$217,919
55$1,019,199$0$0$169,422
56$1,023,510$0$0$160,274
57$1,025,122$0$0$158,234
58$1,023,661$0$0$155,408
59$1,018,711$0$0$151,695
60$1,009,811$0$0$146,988
61$996,449$0$0$141,165
62$978,060$0$0$134,092
63$954,014$0$0$125,621
64$923,615$0$0$115,589
65$886,092$0$0$103,814
66$840,593$0$0$90,095
67$786,173$0$0$74,211
68$721,787$0$0$55,918
69$646,279$0$0$34,944
70$558,372$0$0$10,990
71$456,653$0$0$0
72$339,560$0$0$0
73$205,368$0$0$0
74$52,170$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$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