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%17.3%
1 years$59,374$58,845$58,329$57,826$57,334$55,633
2 years$29,393$28,846$28,315$27,801$27,302$25,602
3 years$19,401$18,851$18,322$17,812$17,321$15,676
4 years$14,406$13,858$13,334$12,833$12,354$10,775
5 years$11,409$10,864$10,347$9,857$9,391$7,884
6 years$9,412$8,872$8,362$7,883$7,431$5,997
7 years$7,987$7,450$6,949$6,481$6,043$4,682
8 years$6,918$6,386$5,893$5,436$5,014$3,724
9 years$6,087$5,560$5,076$4,631$4,222$3,004
10 years$5,422$4,901$4,425$3,992$3,597$2,448
11 years$4,879$4,363$3,896$3,474$3,094$2,012
12 years$4,427$3,916$3,458$3,047$2,681$1,664
13 years$4,044$3,539$3,089$2,690$2,338$1,383
14 years$3,717$3,217$2,776$2,388$2,049$1,155
15 years$3,433$2,939$2,506$2,130$1,805$967
16 years$3,185$2,696$2,272$1,907$1,595$812
17 years$2,967$2,483$2,067$1,713$1,414$684
18 years$2,773$2,295$1,887$1,544$1,257$577
19 years$2,600$2,127$1,728$1,395$1,121$488
20 years$2,444$1,976$1,586$1,264$1,001$413
21 years$2,303$1,841$1,459$1,147$896$350
22 years$2,175$1,718$1,344$1,043$803$296
23 years$2,058$1,607$1,241$950$721$252
24 years$1,952$1,506$1,148$866$648$214
25 years$1,854$1,413$1,063$791$583$182
26 years$1,763$1,328$986$723$525$154
27 years$1,680$1,250$916$662$473$131
28 years$1,602$1,178$851$607$427$112
29 years$1,531$1,111$792$556$386$95
30 years$1,464$1,049$738$510$349$81
31 years$1,401$992$688$469$315$69
32 years$1,342$939$642$431$285$59
33 years$1,288$889$599$396$258$50
34 years$1,236$842$560$365$234$43
35 years$1,188$799$523$336$212$36
36 years$1,142$758$490$309$192$31
37 years$1,099$720$458$285$174$26
38 years$1,058$684$429$262$157$22
39 years$1,020$651$402$242$143$19
40 years$983$619$377$223$130$16
41 years$948$589$353$206$118$14
42 years$915$561$332$190$107$12
43 years$884$535$311$175$97$10
44 years$854$510$292$162$88$9
45 years$826$486$274$150$80$7
46 years$799$464$258$138$72$6
47 years$773$443$242$128$66$5
48 years$748$423$227$118$60$5
49 years$725$404$214$109$54$4
50 years$702$385$201$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $719,000, adding $3,392 every year, while hoping to spend $35,011 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: 63/13/24 Blend
39$719,000$719,000$719,000$719,000
40$795,837$757,730$746,585$840,757
41$839,761$757,607$734,345$871,405
42$886,992$756,305$720,520$900,681
43$937,829$753,729$705,022$931,875
44$992,604$749,778$687,757$965,180
45$1,051,678$744,345$668,625$1,000,808
46$1,115,450$737,318$647,524$1,038,994
47$1,184,355$728,577$624,346$1,079,999
48$1,258,876$717,993$598,978$1,124,111
49$1,339,539$705,433$571,302$1,171,650
50$1,426,927$690,754$541,195$1,222,969
51$1,521,677$673,804$508,529$1,278,458
52$1,624,491$654,424$473,168$1,338,550
53$1,736,142$632,443$434,971$1,403,722
54$1,857,479$607,683$393,793$1,474,505
55$1,989,436$579,954$349,479$1,551,483
56$2,133,041$549,054$301,870$1,635,302
57$2,289,425$514,772$250,796$1,726,677
58$2,459,833$476,883$196,085$1,826,398
59$2,645,635$435,149$137,553$1,935,340
60$2,848,338$389,319$75,009$2,054,467
61$3,069,601$339,129$8,254$2,184,845
62$3,311,252$284,297$0$2,327,654
63$3,575,299$224,528$0$2,500,324
64$3,863,959$159,508$0$2,691,468
65$4,179,666$88,908$0$2,900,618
66$4,525,106$12,379$0$3,129,589
67$4,903,233$0$0$3,380,380
68$5,317,301$0$0$3,665,277
69$5,770,892$0$0$3,979,358
70$6,267,954$0$0$4,323,593
71$6,812,831$0$0$4,700,998
72$7,410,311$0$0$5,114,894
73$8,065,664$0$0$5,568,942
74$8,784,698$0$0$6,067,170
75$9,573,808$0$0$6,614,020
76$10,440,039$0$0$7,214,379
77$11,391,151$0$0$7,873,636
78$12,435,693$0$0$8,597,724
79$13,583,081$0$0$9,393,179
80$14,843,689$0$0$10,267,203
81$16,228,947$0$0$11,227,730
82$17,751,443$0$0$12,283,498
83$19,425,049$0$0$13,444,136
84$21,265,046$0$0$14,720,252
85$23,288,271$0$0$16,123,535
86$25,513,271$0$0$17,666,859
87$27,960,483$0$0$19,364,412
88$30,652,424$0$0$21,231,825
89$33,613,902$0$0$23,286,319
90$36,872,251$0$0$25,546,871
91$40,457,588$0$0$28,034,387
92$44,403,097$0$0$30,771,905
93$48,745,341$0$0$33,784,807
94$53,524,608$0$0$37,101,061
95$58,785,288$0$0$40,751,484
96$64,576,295$0$0$44,770,033
97$70,951,524$0$0$49,194,124
98$77,970,362$0$0$54,064,986
99$85,698,247$0$0$59,428,046
100$94,207,287$0$0$65,333,364