Can I retire at age 40 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$59,787$59,255$58,735$58,228$57,733$56,042
2 years$29,598$29,046$28,512$27,994$27,492$25,802
3 years$19,536$18,982$18,449$17,936$17,442$15,806
4 years$14,506$13,954$13,426$12,922$12,440$10,870
5 years$11,489$10,940$10,419$9,925$9,456$7,958
6 years$9,478$8,933$8,420$7,937$7,483$6,056
7 years$8,042$7,502$6,997$6,526$6,085$4,731
8 years$6,966$6,431$5,934$5,474$5,048$3,766
9 years$6,129$5,599$5,111$4,663$4,251$3,039
10 years$5,460$4,935$4,456$4,019$3,622$2,478
11 years$4,913$4,394$3,923$3,498$3,115$2,038
12 years$4,458$3,944$3,482$3,068$2,700$1,686
13 years$4,073$3,564$3,111$2,709$2,354$1,403
14 years$3,743$3,239$2,795$2,405$2,064$1,172
15 years$3,457$2,959$2,523$2,145$1,817$982
16 years$3,208$2,715$2,288$1,920$1,606$826
17 years$2,988$2,500$2,082$1,725$1,424$696
18 years$2,792$2,311$1,900$1,555$1,266$588
19 years$2,618$2,141$1,740$1,405$1,128$497
20 years$2,461$1,990$1,597$1,272$1,008$421
21 years$2,319$1,853$1,469$1,155$902$357
22 years$2,190$1,730$1,354$1,050$809$303
23 years$2,073$1,618$1,250$956$726$257
24 years$1,965$1,516$1,156$872$652$219
25 years$1,867$1,423$1,071$796$587$186
26 years$1,776$1,337$993$728$529$158
27 years$1,692$1,258$922$667$477$135
28 years$1,614$1,186$857$611$430$115
29 years$1,541$1,119$798$560$388$98
30 years$1,474$1,057$743$514$351$83
31 years$1,411$999$693$472$317$71
32 years$1,352$945$646$434$287$60
33 years$1,297$895$603$399$260$51
34 years$1,245$848$564$367$235$44
35 years$1,196$805$527$338$213$37
36 years$1,150$764$493$311$193$32
37 years$1,106$725$462$287$175$27
38 years$1,065$689$432$264$159$23
39 years$1,027$655$405$244$144$20
40 years$990$624$380$225$130$17
41 years$955$594$356$207$118$14
42 years$922$565$334$191$107$12
43 years$890$539$313$177$97$10
44 years$860$513$294$163$88$9
45 years$832$490$276$151$80$8
46 years$804$467$259$139$73$7
47 years$778$446$244$129$66$6
48 years$753$425$229$119$60$5
49 years$730$406$215$110$55$4
50 years$707$388$202$101$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $724,000, adding $5,459 every year, while hoping to spend $30,113 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: 57/36/7 Blend
39$724,000$724,000$724,000$724,000
40$803,479$765,107$753,885$847,732
41$853,394$770,557$747,100$883,596
42$907,391$775,265$739,079$918,790
43$965,854$779,163$729,748$956,392
44$1,029,207$782,178$719,030$996,633
45$1,097,915$784,233$706,846$1,039,772
46$1,172,487$785,246$693,111$1,086,093
47$1,253,488$785,130$677,737$1,135,908
48$1,341,535$783,792$660,632$1,189,567
49$1,437,309$781,136$641,701$1,247,452
50$1,541,559$777,055$620,842$1,309,986
51$1,655,108$771,441$597,950$1,377,638
52$1,778,862$764,175$572,915$1,450,926
53$1,913,820$755,133$545,621$1,530,420
54$2,061,079$744,184$515,949$1,616,753
55$2,221,848$731,189$483,772$1,710,621
56$2,397,458$715,998$448,960$1,812,795
57$2,589,373$698,456$411,374$1,924,126
58$2,799,205$678,396$370,871$2,045,554
59$3,028,730$655,644$327,302$2,178,117
60$3,279,903$630,013$280,509$2,322,963
61$3,554,877$601,307$230,329$2,481,356
62$3,856,021$569,318$176,592$2,654,695
63$4,185,946$533,825$119,119$2,844,524
64$4,547,526$494,597$57,723$3,052,547
65$4,943,928$451,386$0$3,280,646
66$5,378,638$403,934$0$3,531,482
67$5,855,498$351,965$0$3,811,403
68$6,378,737$295,189$0$4,118,643
69$6,953,014$233,299$0$4,456,011
70$7,583,462$165,972$0$4,826,609
71$8,275,735$92,865$0$5,233,860
72$9,036,062$13,616$0$5,681,538
73$9,871,301$0$0$6,173,810
74$10,789,012$0$0$6,743,855
75$11,797,522$0$0$7,376,295
76$12,906,002$0$0$8,071,499
77$14,124,559$0$0$8,835,812
78$15,464,326$0$0$9,676,227
79$16,937,569$0$0$10,600,448
80$18,557,804$0$0$11,616,963
81$20,339,920$0$0$12,735,123
82$22,300,323$0$0$13,965,232
83$24,457,086$0$0$15,318,643
84$26,830,127$0$0$16,807,864
85$29,441,388$0$0$18,446,678
86$32,315,047$0$0$20,250,269
87$35,477,745$0$0$22,235,371
88$38,958,834$0$0$24,420,419
89$42,790,659$0$0$26,825,729
90$47,008,858$0$0$29,473,686
91$51,652,700$0$0$32,388,953
92$56,765,455$0$0$35,598,710
93$62,394,803$0$0$39,132,903
94$68,593,282$0$0$43,024,533
95$75,418,783$0$0$47,309,961
96$82,935,098$0$0$52,029,256
97$91,212,521$0$0$57,226,570
98$100,328,509$0$0$62,950,555
99$110,368,415$0$0$69,254,824
100$121,426,294$0$0$76,198,452