Can I retire at age 40 with 719,000?

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 $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%14.2%
1 years$59,374$58,845$58,329$57,826$57,334$56,338
2 years$29,393$28,846$28,315$27,801$27,302$26,302
3 years$19,401$18,851$18,322$17,812$17,321$16,348
4 years$14,406$13,858$13,334$12,833$12,354$11,415
5 years$11,409$10,864$10,347$9,857$9,391$8,489
6 years$9,412$8,872$8,362$7,883$7,431$6,567
7 years$7,987$7,450$6,949$6,481$6,043$5,218
8 years$6,918$6,386$5,893$5,436$5,014$4,226
9 years$6,087$5,560$5,076$4,631$4,222$3,473
10 years$5,422$4,901$4,425$3,992$3,597$2,885
11 years$4,879$4,363$3,896$3,474$3,094$2,418
12 years$4,427$3,916$3,458$3,047$2,681$2,041
13 years$4,044$3,539$3,089$2,690$2,338$1,732
14 years$3,717$3,217$2,776$2,388$2,049$1,477
15 years$3,433$2,939$2,506$2,130$1,805$1,264
16 years$3,185$2,696$2,272$1,907$1,595$1,086
17 years$2,967$2,483$2,067$1,713$1,414$935
18 years$2,773$2,295$1,887$1,544$1,257$807
19 years$2,600$2,127$1,728$1,395$1,121$698
20 years$2,444$1,976$1,586$1,264$1,001$605
21 years$2,303$1,841$1,459$1,147$896$524
22 years$2,175$1,718$1,344$1,043$803$455
23 years$2,058$1,607$1,241$950$721$396
24 years$1,952$1,506$1,148$866$648$345
25 years$1,854$1,413$1,063$791$583$300
26 years$1,763$1,328$986$723$525$262
27 years$1,680$1,250$916$662$473$228
28 years$1,602$1,178$851$607$427$199
29 years$1,531$1,111$792$556$386$174
30 years$1,464$1,049$738$510$349$152
31 years$1,401$992$688$469$315$133
32 years$1,342$939$642$431$285$116
33 years$1,288$889$599$396$258$101
34 years$1,236$842$560$365$234$89
35 years$1,188$799$523$336$212$77
36 years$1,142$758$490$309$192$68
37 years$1,099$720$458$285$174$59
38 years$1,058$684$429$262$157$52
39 years$1,020$651$402$242$143$45
40 years$983$619$377$223$130$40
41 years$948$589$353$206$118$35
42 years$915$561$332$190$107$30
43 years$884$535$311$175$97$27
44 years$854$510$292$162$88$23
45 years$826$486$274$150$80$20
46 years$799$464$258$138$72$18
47 years$773$443$242$128$66$16
48 years$748$423$227$118$60$14
49 years$725$404$214$109$54$12
50 years$702$385$201$101$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $719,000, adding $4,766 every year, while hoping to spend $28,145 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: 82/12/6 Blend
39$719,000$719,000$719,000$719,000
40$797,254$759,147$748,003$861,926
41$848,628$766,399$743,115$912,150
42$904,299$773,063$737,120$963,010
43$964,675$779,081$729,951$1,017,970
44$1,030,206$784,390$721,538$1,077,425
45$1,101,385$788,924$711,808$1,141,808
46$1,178,757$792,612$700,685$1,211,596
47$1,262,920$795,379$688,087$1,287,317
48$1,354,531$797,146$673,931$1,369,549
49$1,454,314$797,827$658,128$1,458,930
50$1,563,066$797,333$640,588$1,556,163
51$1,681,664$795,567$621,213$1,662,023
52$1,811,072$792,428$599,902$1,777,363
53$1,952,353$787,809$576,551$1,903,123
54$2,106,677$781,595$551,048$2,040,337
55$2,275,329$773,665$523,280$2,190,147
56$2,459,728$763,890$493,125$2,353,811
57$2,661,434$752,134$460,458$2,532,712
58$2,882,164$738,253$425,148$2,728,377
59$3,123,810$722,093$387,056$2,942,489
60$3,388,456$703,492$346,039$3,176,899
61$3,678,396$682,280$301,949$3,433,651
62$3,996,155$658,275$254,627$3,714,996
63$4,344,516$631,284$203,910$4,023,412
64$4,726,544$601,104$149,628$4,361,633
65$5,145,614$567,520$91,603$4,732,672
66$5,605,443$530,305$29,648$5,139,847
67$6,110,126$489,218$0$5,586,817
68$6,664,174$444,006$0$6,079,948
69$7,272,556$394,398$0$6,623,526
70$7,940,745$340,112$0$7,220,561
71$8,674,771$280,847$0$7,876,464
72$9,481,275$216,286$0$8,597,197
73$10,367,576$146,094$0$9,389,331
74$11,341,734$69,918$0$10,260,106
75$12,412,631$0$0$11,217,500
76$13,590,052$0$0$12,271,971
77$14,884,778$0$0$13,441,667
78$16,308,684$0$0$14,728,088
79$17,874,856$0$0$16,143,058
80$19,597,714$0$0$17,699,605
81$21,493,140$0$0$19,412,084
82$23,578,639$0$0$21,296,310
83$25,873,494$0$0$23,369,708
84$28,398,954$0$0$25,651,481
85$31,178,432$0$0$28,162,783
86$34,237,724$0$0$30,926,926
87$37,605,255$0$0$33,969,595
88$41,312,346$0$0$37,319,092
89$45,393,507$0$0$41,006,602
90$49,886,768$0$0$45,066,489
91$54,834,029$0$0$49,536,617
92$60,281,463$0$0$54,458,708
93$66,279,948$0$0$59,878,737
94$72,885,547$0$0$65,847,364
95$80,160,035$0$0$72,420,412
96$88,171,486$0$0$79,659,395
97$96,994,912$0$0$87,632,095
98$106,712,970$0$0$96,413,205
99$117,416,745$0$0$106,085,031
100$129,206,604$0$0$116,738,270