Can I retire at age 40 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$59,457$58,927$58,411$57,906$57,414$56,393
2 years$29,434$28,886$28,355$27,840$27,340$26,315
3 years$19,428$18,877$18,347$17,837$17,346$16,348
4 years$14,426$13,877$13,352$12,851$12,371$11,409
5 years$11,425$10,880$10,362$9,870$9,404$8,481
6 years$9,425$8,884$8,374$7,894$7,441$6,557
7 years$7,998$7,461$6,959$6,490$6,052$5,207
8 years$6,927$6,395$5,902$5,444$5,020$4,215
9 years$6,095$5,568$5,083$4,637$4,228$3,461
10 years$5,430$4,908$4,431$3,997$3,602$2,874
11 years$4,886$4,369$3,901$3,479$3,098$2,407
12 years$4,433$3,922$3,462$3,051$2,685$2,030
13 years$4,050$3,544$3,093$2,694$2,341$1,722
14 years$3,722$3,221$2,779$2,391$2,052$1,467
15 years$3,438$2,943$2,509$2,133$1,807$1,255
16 years$3,190$2,700$2,275$1,910$1,597$1,077
17 years$2,971$2,487$2,070$1,716$1,416$927
18 years$2,777$2,298$1,890$1,546$1,259$799
19 years$2,603$2,130$1,730$1,397$1,122$691
20 years$2,447$1,979$1,588$1,265$1,002$598
21 years$2,306$1,843$1,461$1,148$897$518
22 years$2,178$1,721$1,346$1,044$804$450
23 years$2,061$1,609$1,243$951$722$391
24 years$1,954$1,508$1,149$867$649$340
25 years$1,856$1,415$1,065$792$584$296
26 years$1,766$1,330$987$724$526$258
27 years$1,682$1,252$917$663$474$225
28 years$1,605$1,179$852$607$428$196
29 years$1,533$1,113$793$557$386$171
30 years$1,466$1,051$739$511$349$149
31 years$1,403$993$689$469$316$130
32 years$1,344$940$643$431$285$114
33 years$1,289$890$600$397$258$99
34 years$1,238$844$561$365$234$87
35 years$1,189$800$524$336$212$76
36 years$1,144$759$490$309$192$66
37 years$1,100$721$459$285$174$58
38 years$1,060$685$430$263$158$51
39 years$1,021$652$403$242$143$44
40 years$984$620$377$224$130$39
41 years$950$590$354$206$118$34
42 years$917$562$332$190$107$30
43 years$885$536$312$176$97$26
44 years$855$511$292$162$88$23
45 years$827$487$275$150$80$20
46 years$800$464$258$138$73$17
47 years$774$443$242$128$66$15
48 years$749$423$228$118$60$13
49 years$726$404$214$109$54$12
50 years$703$386$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 $720,000, adding $6,917 every year, while hoping to spend $25,812 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: 29/50/21 Blend
39$720,000$720,000$720,000$720,000
40$800,575$762,415$751,255$818,347
41$854,770$772,309$748,958$842,472
42$913,627$781,824$745,719$865,622
43$977,596$790,912$741,480$889,966
44$1,047,169$799,525$736,178$915,624
45$1,122,889$807,610$729,748$942,726
46$1,205,354$815,113$722,124$971,420
47$1,295,219$821,973$713,235$1,001,869
48$1,393,208$828,126$703,005$1,034,256
49$1,500,118$833,507$691,358$1,068,782
50$1,616,824$838,042$678,212$1,105,672
51$1,744,289$841,656$663,483$1,145,176
52$1,883,577$844,268$647,079$1,187,572
53$2,035,856$845,790$628,910$1,233,166
54$2,202,411$846,132$608,877$1,282,302
55$2,384,661$845,196$586,878$1,335,359
56$2,584,164$842,879$562,806$1,392,759
57$2,802,639$839,071$536,551$1,454,967
58$3,041,978$833,655$507,995$1,522,504
59$3,304,264$826,508$477,016$1,595,942
60$3,591,791$817,498$443,489$1,675,921
61$3,907,086$806,488$407,278$1,763,144
62$4,252,932$793,330$368,246$1,858,395
63$4,632,396$777,868$326,246$1,962,540
64$5,048,853$759,936$281,129$2,076,539
65$5,506,024$739,361$232,734$2,201,454
66$6,008,005$715,956$180,897$2,338,462
67$6,559,309$689,526$125,445$2,488,865
68$7,164,909$659,863$66,198$2,654,105
69$7,830,281$626,748$2,967$2,835,774
70$8,561,460$589,948$0$3,035,639
71$9,365,093$549,219$0$3,270,104
72$10,248,502$504,301$0$3,528,522
73$11,219,757$454,919$0$3,812,662
74$12,287,745$400,783$0$4,125,212
75$13,462,261$341,588$0$4,469,140
76$14,754,094$277,008$0$4,847,725
77$16,175,133$206,703$0$5,264,586
78$17,738,476$130,310$0$5,723,719
79$19,458,554$47,449$0$6,229,536
80$21,351,268$0$0$6,786,907
81$23,434,140$0$0$7,424,472
82$25,726,474$0$0$8,155,020
83$28,249,540$0$0$8,959,242
84$31,026,776$0$0$9,844,626
85$34,084,008$0$0$10,819,423
86$37,449,691$0$0$11,892,723
87$41,155,181$0$0$13,074,547
88$45,235,028$0$0$14,375,933
89$49,727,303$0$0$15,809,046
90$54,673,957$0$0$17,387,289
91$60,121,214$0$0$19,125,433
92$66,120,014$0$0$21,039,754
93$72,726,483$0$0$23,148,187
94$80,002,473$0$0$25,470,495
95$88,016,137$0$0$28,028,456
96$96,842,578$0$0$30,846,068
97$106,564,552$0$0$33,949,775
98$117,273,255$0$0$37,368,720
99$129,069,178$0$0$41,135,012
100$142,063,057$0$0$45,284,040