Can I retire at age 40 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$59,374$58,845$58,329$57,826$57,334$55,432
2 years$29,393$28,846$28,315$27,801$27,302$25,404
3 years$19,401$18,851$18,322$17,812$17,321$15,488
4 years$14,406$13,858$13,334$12,833$12,354$10,598
5 years$11,409$10,864$10,347$9,857$9,391$7,718
6 years$9,412$8,872$8,362$7,883$7,431$5,841
7 years$7,987$7,450$6,949$6,481$6,043$4,537
8 years$6,918$6,386$5,893$5,436$5,014$3,590
9 years$6,087$5,560$5,076$4,631$4,222$2,880
10 years$5,422$4,901$4,425$3,992$3,597$2,334
11 years$4,879$4,363$3,896$3,474$3,094$1,906
12 years$4,427$3,916$3,458$3,047$2,681$1,567
13 years$4,044$3,539$3,089$2,690$2,338$1,295
14 years$3,717$3,217$2,776$2,388$2,049$1,074
15 years$3,433$2,939$2,506$2,130$1,805$894
16 years$3,185$2,696$2,272$1,907$1,595$746
17 years$2,967$2,483$2,067$1,713$1,414$624
18 years$2,773$2,295$1,887$1,544$1,257$523
19 years$2,600$2,127$1,728$1,395$1,121$439
20 years$2,444$1,976$1,586$1,264$1,001$369
21 years$2,303$1,841$1,459$1,147$896$310
22 years$2,175$1,718$1,344$1,043$803$261
23 years$2,058$1,607$1,241$950$721$220
24 years$1,952$1,506$1,148$866$648$186
25 years$1,854$1,413$1,063$791$583$157
26 years$1,763$1,328$986$723$525$132
27 years$1,680$1,250$916$662$473$112
28 years$1,602$1,178$851$607$427$94
29 years$1,531$1,111$792$556$386$80
30 years$1,464$1,049$738$510$349$67
31 years$1,401$992$688$469$315$57
32 years$1,342$939$642$431$285$48
33 years$1,288$889$599$396$258$41
34 years$1,236$842$560$365$234$34
35 years$1,188$799$523$336$212$29
36 years$1,142$758$490$309$192$25
37 years$1,099$720$458$285$174$21
38 years$1,058$684$429$262$157$18
39 years$1,020$651$402$242$143$15
40 years$983$619$377$223$130$13
41 years$948$589$353$206$118$11
42 years$915$561$332$190$107$9
43 years$884$535$311$175$97$8
44 years$854$510$292$162$88$6
45 years$826$486$274$150$80$5
46 years$799$464$258$138$72$5
47 years$773$443$242$128$66$4
48 years$748$423$227$118$60$3
49 years$725$404$214$109$54$3
50 years$702$385$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $719,000, adding $2,452 every year, while hoping to spend $22,855 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: 88/5/7 Blend
39$719,000$719,000$719,000$719,000
40$794,867$756,760$745,616$864,225
41$851,626$769,524$746,276$922,523
42$913,408$782,147$746,193$983,166
43$980,702$794,599$745,317$1,049,089
44$1,054,045$806,845$743,596$1,120,809
45$1,134,029$818,851$740,977$1,198,893
46$1,221,303$830,578$737,403$1,283,967
47$1,316,585$841,986$732,815$1,376,719
48$1,420,663$853,029$727,151$1,477,906
49$1,534,405$863,662$720,345$1,588,364
50$1,658,767$873,835$712,330$1,709,012
51$1,794,801$883,493$703,033$1,840,862
52$1,943,667$892,579$692,380$1,985,031
53$2,106,639$901,034$680,293$2,142,745
54$2,285,123$908,792$666,690$2,315,360
55$2,480,666$915,783$651,484$2,504,365
56$2,694,972$921,934$634,587$2,711,402
57$2,929,918$927,167$615,904$2,938,281
58$3,187,569$931,398$595,337$3,186,994
59$3,470,203$934,539$572,783$3,459,737
60$3,780,328$936,495$548,134$3,758,930
61$4,120,704$937,166$521,280$4,087,236
62$4,494,374$936,446$492,101$4,447,592
63$4,904,689$934,221$460,475$4,843,234
64$5,355,341$930,371$426,275$5,277,725
65$5,850,397$924,770$389,366$5,754,994
66$6,394,335$917,281$349,607$6,279,367
67$6,992,092$907,763$306,854$6,855,613
68$7,649,105$896,062$260,953$7,488,985
69$8,371,363$882,019$211,744$8,185,273
70$9,165,466$865,462$159,061$8,950,855
71$10,038,684$846,210$102,731$9,792,760
72$10,999,029$824,073$42,571$10,718,734
73$12,055,325$798,848$0$11,737,311
74$13,217,297$770,320$0$12,859,512
75$14,495,658$738,263$0$14,097,581
76$15,902,213$702,436$0$15,459,772
77$17,449,969$662,586$0$16,958,684
78$19,153,257$618,443$0$18,608,201
79$21,027,867$569,725$0$20,423,621
80$23,091,197$516,130$0$22,421,801
81$25,362,420$457,341$0$24,621,315
82$27,862,659$393,023$0$27,042,633
83$30,615,191$322,821$0$29,708,306
84$33,645,663$246,361$0$32,643,189
85$36,982,336$163,249$0$35,874,666
86$40,656,351$73,065$0$39,432,916
87$44,702,024$0$0$43,351,192
88$49,157,164$0$0$47,667,493
89$54,063,439$0$0$52,425,302
90$59,466,759$0$0$57,665,123
91$65,417,716$0$0$63,436,017
92$71,972,060$0$0$69,792,048
93$79,191,221$0$0$76,792,790
94$87,142,894$0$0$84,503,888
95$95,901,674$0$0$92,997,683
96$105,549,762$0$0$102,353,888
97$116,177,736$0$0$112,660,345
98$127,885,414$0$0$124,013,852
99$140,782,788$0$0$136,521,073
100$154,991,066$0$0$150,299,552