Can I retire at age 40 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$59,540$59,009$58,492$57,987$57,494$55,990
2 years$29,475$28,926$28,394$27,878$27,378$25,873
3 years$19,455$18,903$18,373$17,862$17,370$15,911
4 years$14,446$13,896$13,371$12,868$12,388$10,987
5 years$11,441$10,895$10,376$9,884$9,417$8,077
6 years$9,439$8,896$8,386$7,904$7,452$6,174
7 years$8,009$7,471$6,968$6,499$6,060$4,845
8 years$6,937$6,404$5,910$5,452$5,027$3,874
9 years$6,104$5,576$5,090$4,644$4,234$3,142
10 years$5,438$4,915$4,438$4,003$3,607$2,575
11 years$4,893$4,375$3,907$3,484$3,103$2,128
12 years$4,439$3,927$3,467$3,056$2,689$1,770
13 years$4,056$3,549$3,098$2,698$2,345$1,481
14 years$3,727$3,226$2,783$2,395$2,055$1,244
15 years$3,443$2,947$2,513$2,136$1,810$1,049
16 years$3,194$2,704$2,278$1,912$1,599$887
17 years$2,975$2,490$2,073$1,718$1,418$751
18 years$2,781$2,301$1,893$1,548$1,261$638
19 years$2,607$2,133$1,733$1,399$1,124$543
20 years$2,450$1,982$1,590$1,267$1,004$463
21 years$2,309$1,846$1,463$1,150$898$395
22 years$2,181$1,723$1,348$1,046$805$337
23 years$2,064$1,611$1,245$952$723$288
24 years$1,957$1,510$1,151$869$650$246
25 years$1,859$1,417$1,066$793$585$211
26 years$1,768$1,332$989$725$527$181
27 years$1,685$1,253$918$664$475$155
28 years$1,607$1,181$854$608$428$133
29 years$1,535$1,114$794$558$387$114
30 years$1,468$1,052$740$512$350$97
31 years$1,405$995$690$470$316$84
32 years$1,346$941$644$432$286$72
33 years$1,291$891$601$397$259$62
34 years$1,240$845$561$366$234$53
35 years$1,191$801$525$337$212$45
36 years$1,145$760$491$310$192$39
37 years$1,102$722$460$286$174$33
38 years$1,061$686$430$263$158$29
39 years$1,022$653$403$243$143$25
40 years$986$621$378$224$130$21
41 years$951$591$354$207$118$18
42 years$918$563$332$191$107$16
43 years$887$536$312$176$97$13
44 years$857$511$293$162$88$12
45 years$828$488$275$150$80$10
46 years$801$465$258$139$73$9
47 years$775$444$243$128$66$7
48 years$750$424$228$118$60$6
49 years$727$405$214$109$54$5
50 years$704$387$201$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $721,000, adding $3,853 every year, while hoping to spend $45,645 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: 72/21/7 Blend
39$721,000$721,000$721,000$721,000
40$798,516$760,303$749,128$854,916
41$831,399$748,992$725,658$881,339
42$866,106$735,597$699,872$904,192
43$902,775$719,968$671,643$927,937
44$941,557$701,945$640,842$952,650
45$982,615$681,359$607,330$978,412
46$1,026,129$658,034$570,963$1,005,318
47$1,072,296$631,778$531,591$1,033,470
48$1,121,328$602,394$489,058$1,062,983
49$1,173,462$569,669$443,199$1,093,984
50$1,228,952$533,380$393,844$1,126,617
51$1,288,079$493,290$340,812$1,161,037
52$1,351,152$449,150$283,918$1,197,421
53$1,418,506$400,695$222,966$1,235,965
54$1,490,511$347,646$157,752$1,276,883
55$1,567,571$289,709$88,065$1,320,418
56$1,650,129$226,571$13,681$1,366,836
57$1,738,673$157,903$0$1,416,435
58$1,833,735$83,357$0$1,474,451
59$1,935,901$2,567$0$1,537,752
60$2,045,815$0$0$1,605,740
61$2,164,182$0$0$1,698,495
62$2,291,778$0$0$1,799,147
63$2,429,454$0$0$1,907,779
64$2,578,147$0$0$2,025,133
65$2,738,885$0$0$2,152,023
66$2,912,797$0$0$2,289,347
67$3,101,127$0$0$2,438,089
68$3,305,239$0$0$2,599,333
69$3,526,637$0$0$2,774,269
70$3,766,972$0$0$2,964,207
71$4,028,061$0$0$3,170,588
72$4,311,901$0$0$3,394,997
73$4,620,692$0$0$3,639,178
74$4,956,853$0$0$3,905,049
75$5,323,045$0$0$4,194,721
76$5,722,197$0$0$4,510,517
77$6,157,532$0$0$4,854,994
78$6,632,600$0$0$5,230,966
79$7,151,305$0$0$5,641,532
80$7,717,947$0$0$6,090,101
81$8,337,258$0$0$6,580,428
82$9,014,449$0$0$7,116,646
83$9,755,258$0$0$7,703,307
84$10,566,001$0$0$8,345,420
85$11,453,635$0$0$9,048,506
86$12,425,820$0$0$9,818,639
87$13,490,990$0$0$10,662,512
88$14,658,437$0$0$11,587,495
89$15,938,391$0$0$12,601,704
90$17,342,122$0$0$13,714,080
91$18,882,041$0$0$14,934,469
92$20,571,819$0$0$16,273,716
93$22,426,513$0$0$17,743,769
94$24,462,713$0$0$19,357,785
95$26,698,689$0$0$21,130,263
96$29,154,568$0$0$23,077,169
97$31,852,525$0$0$25,216,096
98$34,816,986$0$0$27,566,423
99$38,074,859$0$0$30,149,500
100$41,655,792$0$0$32,988,846