Can I retire at age 40 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$59,292$58,764$58,248$57,745$57,254$54,961
2 years$29,352$28,806$28,276$27,762$27,264$24,982
3 years$19,374$18,825$18,296$17,788$17,297$15,099
4 years$14,386$13,838$13,315$12,815$12,337$10,239
5 years$11,393$10,849$10,333$9,843$9,378$7,386
6 years$9,399$8,859$8,351$7,872$7,421$5,535
7 years$7,975$7,440$6,939$6,472$6,035$4,255
8 years$6,908$6,377$5,885$5,429$5,007$3,331
9 years$6,078$5,553$5,069$4,624$4,216$2,642
10 years$5,415$4,894$4,419$3,986$3,592$2,117
11 years$4,872$4,357$3,891$3,469$3,090$1,709
12 years$4,421$3,911$3,453$3,043$2,677$1,389
13 years$4,039$3,534$3,085$2,686$2,335$1,133
14 years$3,712$3,213$2,772$2,385$2,047$928
15 years$3,429$2,935$2,503$2,127$1,802$763
16 years$3,181$2,693$2,269$1,904$1,593$629
17 years$2,963$2,480$2,065$1,711$1,412$519
18 years$2,769$2,291$1,885$1,542$1,256$429
19 years$2,596$2,124$1,725$1,393$1,119$355
20 years$2,440$1,973$1,583$1,262$1,000$294
21 years$2,300$1,838$1,456$1,145$895$244
22 years$2,172$1,716$1,342$1,041$802$203
23 years$2,056$1,605$1,239$948$720$168
24 years$1,949$1,504$1,146$865$647$140
25 years$1,851$1,411$1,062$790$582$116
26 years$1,761$1,326$985$722$524$97
27 years$1,678$1,248$914$661$473$81
28 years$1,600$1,176$850$606$427$67
29 years$1,528$1,109$791$555$385$56
30 years$1,462$1,048$737$510$348$47
31 years$1,399$990$687$468$315$39
32 years$1,341$937$641$430$285$32
33 years$1,286$888$598$396$258$27
34 years$1,234$841$559$364$233$22
35 years$1,186$798$523$335$211$19
36 years$1,140$757$489$309$191$16
37 years$1,097$719$458$284$173$13
38 years$1,057$684$429$262$157$11
39 years$1,018$650$402$242$143$9
40 years$982$618$376$223$129$7
41 years$947$589$353$206$117$6
42 years$914$561$331$190$106$5
43 years$883$534$311$175$97$4
44 years$853$509$292$162$88$4
45 years$825$486$274$149$80$3
46 years$798$463$257$138$72$3
47 years$772$442$242$128$66$2
48 years$747$422$227$118$60$2
49 years$724$403$213$109$54$1
50 years$701$385$201$101$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $718,000, adding $4,496 every year, while hoping to spend $49,710 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: 76/9/15 Blend
39$718,000$718,000$718,000$718,000
40$795,874$757,820$746,691$853,458
41$824,162$742,062$718,814$876,343
42$853,669$723,866$688,337$894,758
43$884,468$703,059$655,120$913,589
44$916,635$679,461$619,019$932,859
45$950,255$652,878$579,879$952,598
46$985,418$623,106$537,542$972,838
47$1,022,222$589,929$491,841$993,614
48$1,060,773$553,120$442,602$1,014,968
49$1,101,187$512,438$389,644$1,036,944
50$1,143,587$467,627$332,776$1,059,594
51$1,188,110$418,417$271,801$1,082,976
52$1,234,902$364,525$206,512$1,107,153
53$1,284,124$305,648$136,691$1,132,199
54$1,335,949$241,469$62,115$1,158,193
55$1,390,566$171,652$0$1,185,227
56$1,448,183$95,842$0$1,216,198
57$1,509,023$13,664$0$1,259,214
58$1,573,333$0$0$1,304,491
59$1,641,380$0$0$1,359,670
60$1,713,456$0$0$1,419,562
61$1,789,880$0$0$1,483,081
62$1,871,001$0$0$1,550,518
63$1,957,202$0$0$1,622,193
64$2,048,898$0$0$1,698,456
65$2,146,548$0$0$1,779,687
66$2,250,651$0$0$1,866,305
67$2,361,754$0$0$1,958,768
68$2,480,458$0$0$2,057,579
69$2,607,422$0$0$2,163,288
70$2,743,365$0$0$2,276,498
71$2,889,078$0$0$2,397,871
72$3,045,431$0$0$2,528,133
73$3,213,373$0$0$2,668,080
74$3,393,951$0$0$2,818,587
75$3,588,312$0$0$2,980,615
76$3,797,715$0$0$3,155,217
77$4,023,543$0$0$3,343,551
78$4,267,319$0$0$3,546,891
79$4,530,710$0$0$3,766,634
80$4,815,553$0$0$4,004,316
81$5,123,866$0$0$4,261,627
82$5,457,866$0$0$4,540,422
83$5,819,992$0$0$4,842,745
84$6,212,925$0$0$5,170,839
85$6,639,616$0$0$5,527,173
86$7,103,308$0$0$5,914,465
87$7,607,569$0$0$6,335,701
88$8,156,327$0$0$6,794,169
89$8,753,900$0$0$7,293,486
90$9,405,044$0$0$7,837,632
91$10,114,988$0$0$8,430,987
92$10,889,492$0$0$9,078,373
93$11,734,893$0$0$9,785,097
94$12,658,166$0$0$10,556,999
95$13,666,993$0$0$11,400,511
96$14,769,827$0$0$12,322,712
97$15,975,978$0$0$13,331,396
98$17,295,694$0$0$14,435,148
99$18,740,261$0$0$15,643,416
100$20,322,107$0$0$16,966,608