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%16.1%
1 years$59,209$58,682$58,167$57,665$57,175$55,747
2 years$29,311$28,766$28,237$27,724$27,226$25,797
3 years$19,347$18,799$18,271$17,763$17,273$15,887
4 years$14,366$13,819$13,297$12,797$12,319$10,987
5 years$11,378$10,834$10,319$9,829$9,365$8,090
6 years$9,386$8,847$8,339$7,861$7,410$6,194
7 years$7,964$7,430$6,930$6,463$6,027$4,869
8 years$6,898$6,369$5,877$5,421$5,000$3,900
9 years$6,070$5,545$5,062$4,618$4,210$3,169
10 years$5,407$4,888$4,413$3,981$3,587$2,602
11 years$4,866$4,351$3,885$3,464$3,085$2,154
12 years$4,415$3,905$3,448$3,039$2,674$1,796
13 years$4,033$3,529$3,081$2,683$2,331$1,505
14 years$3,707$3,208$2,768$2,381$2,044$1,267
15 years$3,424$2,931$2,499$2,124$1,800$1,070
16 years$3,177$2,689$2,266$1,902$1,590$907
17 years$2,959$2,476$2,062$1,709$1,410$770
18 years$2,765$2,288$1,882$1,540$1,254$656
19 years$2,592$2,121$1,723$1,391$1,118$559
20 years$2,437$1,971$1,581$1,260$998$477
21 years$2,296$1,836$1,454$1,144$893$408
22 years$2,169$1,713$1,340$1,040$801$349
23 years$2,053$1,603$1,238$947$719$299
24 years$1,946$1,501$1,145$864$646$257
25 years$1,849$1,409$1,060$789$581$220
26 years$1,758$1,324$983$721$524$189
27 years$1,675$1,246$913$660$472$162
28 years$1,598$1,174$849$605$426$139
29 years$1,526$1,108$790$555$385$120
30 years$1,460$1,046$736$509$348$103
31 years$1,397$989$686$468$314$89
32 years$1,339$936$640$430$284$76
33 years$1,284$886$598$395$257$66
34 years$1,233$840$558$364$233$56
35 years$1,184$797$522$335$211$49
36 years$1,139$756$488$308$191$42
37 years$1,096$718$457$284$173$36
38 years$1,055$683$428$262$157$31
39 years$1,017$649$401$241$142$27
40 years$980$618$376$223$129$23
41 years$946$588$352$205$117$20
42 years$913$560$331$190$106$17
43 years$882$533$310$175$97$15
44 years$852$508$291$162$88$13
45 years$824$485$273$149$80$11
46 years$797$463$257$138$72$9
47 years$771$441$241$127$66$8
48 years$746$421$227$118$60$7
49 years$723$402$213$109$54$6
50 years$700$384$200$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $717,000, adding $6,882 every year, while hoping to spend $21,565 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: 62/31/7 Blend
39$717,000$717,000$717,000$717,000
40$797,233$759,232$748,118$845,145
41$855,606$773,489$750,235$892,244
42$919,210$787,722$751,700$940,494
43$988,556$801,907$752,469$992,602
44$1,064,206$816,019$752,494$1,048,942
45$1,146,779$830,028$751,727$1,109,924
46$1,236,957$843,906$750,117$1,176,000
47$1,335,489$857,619$747,608$1,247,667
48$1,443,200$871,134$744,144$1,325,474
49$1,561,001$884,413$739,667$1,410,027
50$1,689,890$897,417$734,113$1,501,991
51$1,830,970$910,102$727,417$1,602,101
52$1,985,456$922,423$719,512$1,711,166
53$2,154,682$934,332$710,325$1,830,078
54$2,340,120$945,775$699,782$1,959,820
55$2,543,392$956,697$687,804$2,101,476
56$2,766,281$967,039$674,309$2,256,240
57$3,010,755$976,736$659,211$2,425,428
58$3,278,977$985,722$642,420$2,610,491
59$3,573,334$993,923$623,842$2,813,029
60$3,896,452$1,001,263$603,379$3,034,805
61$4,251,225$1,007,660$580,927$3,277,761
62$4,640,841$1,013,027$556,379$3,544,040
63$5,068,811$1,017,270$529,622$3,836,003
64$5,539,005$1,020,290$500,539$4,156,252
65$6,055,683$1,021,984$469,007$4,507,656
66$6,623,541$1,022,240$434,897$4,893,377
67$7,247,751$1,020,939$398,075$5,316,902
68$7,934,011$1,017,955$358,401$5,782,073
69$8,688,601$1,013,155$315,727$6,293,125
70$9,518,436$1,006,397$269,902$6,854,728
71$10,431,138$997,532$220,765$7,472,028
72$11,435,102$986,399$168,149$8,150,699
73$12,539,581$972,831$111,880$8,896,992
74$13,754,766$956,648$51,777$9,717,802
75$15,091,889$937,661$0$10,620,727
76$16,563,324$915,669$0$11,615,065
77$18,182,706$890,459$0$12,713,311
78$19,965,057$861,806$0$13,921,785
79$21,926,930$829,472$0$15,251,720
80$24,086,566$793,205$0$16,715,496
81$26,464,062$752,739$0$18,326,758
82$29,081,564$707,790$0$20,100,544
83$31,963,473$658,062$0$22,053,430
84$35,136,678$603,237$0$24,203,685
85$38,630,807$542,984$0$26,571,443
86$42,478,509$476,949$0$29,178,896
87$46,715,757$404,761$0$32,050,504
88$51,382,195$326,024$0$35,213,222
89$56,521,505$240,325$0$38,696,761
90$62,181,821$147,224$0$42,533,868
91$68,416,186$46,258$0$46,760,630
92$75,283,049$0$0$51,416,823
93$82,846,817$0$0$56,567,799
94$91,178,463$0$0$62,259,164
95$100,356,197$0$0$68,528,575
96$110,466,202$0$0$75,434,913
97$121,603,449$0$0$83,043,065
98$133,872,590$0$0$91,424,532
99$147,388,949$0$0$100,658,109
100$162,279,610$0$0$110,830,620