Can I retire at age 40 with 724,000?

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 $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%18.9%
1 years$59,787$59,255$58,735$58,228$57,733$55,662
2 years$29,598$29,046$28,512$27,994$27,492$25,428
3 years$19,536$18,982$18,449$17,936$17,442$15,450
4 years$14,506$13,954$13,426$12,922$12,440$10,535
5 years$11,489$10,940$10,419$9,925$9,456$7,644
6 years$9,478$8,933$8,420$7,937$7,483$5,763
7 years$8,042$7,502$6,997$6,526$6,085$4,459
8 years$6,966$6,431$5,934$5,474$5,048$3,513
9 years$6,129$5,599$5,111$4,663$4,251$2,806
10 years$5,460$4,935$4,456$4,019$3,622$2,264
11 years$4,913$4,394$3,923$3,498$3,115$1,841
12 years$4,458$3,944$3,482$3,068$2,700$1,506
13 years$4,073$3,564$3,111$2,709$2,354$1,239
14 years$3,743$3,239$2,795$2,405$2,064$1,023
15 years$3,457$2,959$2,523$2,145$1,817$847
16 years$3,208$2,715$2,288$1,920$1,606$703
17 years$2,988$2,500$2,082$1,725$1,424$585
18 years$2,792$2,311$1,900$1,555$1,266$488
19 years$2,618$2,141$1,740$1,405$1,128$407
20 years$2,461$1,990$1,597$1,272$1,008$341
21 years$2,319$1,853$1,469$1,155$902$285
22 years$2,190$1,730$1,354$1,050$809$239
23 years$2,073$1,618$1,250$956$726$200
24 years$1,965$1,516$1,156$872$652$168
25 years$1,867$1,423$1,071$796$587$141
26 years$1,776$1,337$993$728$529$118
27 years$1,692$1,258$922$667$477$99
28 years$1,614$1,186$857$611$430$83
29 years$1,541$1,119$798$560$388$70
30 years$1,474$1,057$743$514$351$59
31 years$1,411$999$693$472$317$49
32 years$1,352$945$646$434$287$41
33 years$1,297$895$603$399$260$35
34 years$1,245$848$564$367$235$29
35 years$1,196$805$527$338$213$25
36 years$1,150$764$493$311$193$21
37 years$1,106$725$462$287$175$17
38 years$1,065$689$432$264$159$15
39 years$1,027$655$405$244$144$12
40 years$990$624$380$225$130$10
41 years$955$594$356$207$118$9
42 years$922$565$334$191$107$7
43 years$890$539$313$177$97$6
44 years$860$513$294$163$88$5
45 years$832$490$276$151$80$4
46 years$804$467$259$139$73$4
47 years$778$446$244$129$66$3
48 years$753$425$229$119$60$3
49 years$730$406$215$110$55$2
50 years$707$388$202$101$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $724,000, adding $3,787 every year, while hoping to spend $38,224 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: 58/28/14 Blend
39$724,000$724,000$724,000$724,000
40$801,754$763,382$752,160$845,197
41$842,863$760,118$736,688$871,732
42$886,884$755,413$719,416$896,087
43$934,074$749,155$700,243$921,739
44$984,713$741,228$679,066$948,819
45$1,039,113$731,507$655,773$977,473
46$1,097,610$719,858$630,249$1,007,860
47$1,160,578$706,143$602,374$1,040,161
48$1,228,426$690,213$572,023$1,074,576
49$1,301,603$671,911$539,063$1,111,326
50$1,380,601$651,070$503,357$1,150,658
51$1,465,964$627,514$464,761$1,192,847
52$1,558,287$601,057$423,125$1,238,197
53$1,658,225$571,501$378,292$1,287,045
54$1,766,498$538,639$330,099$1,339,767
55$1,883,898$502,249$278,374$1,396,781
56$2,011,295$462,098$222,939$1,458,547
57$2,149,646$417,940$163,606$1,525,579
58$2,300,004$369,514$100,182$1,598,445
59$2,463,529$316,544$32,462$1,677,775
60$2,641,495$258,741$0$1,764,269
61$2,835,303$195,795$0$1,864,645
62$3,046,498$127,383$0$1,979,379
63$3,276,778$53,161$0$2,104,599
64$3,528,011$0$0$2,241,394
65$3,802,256$0$0$2,399,358
66$4,101,777$0$0$2,589,826
67$4,429,067$0$0$2,798,014
68$4,786,872$0$0$3,025,673
69$5,178,213$0$0$3,274,734
70$5,606,418$0$0$3,547,324
71$6,075,151$0$0$3,845,783
72$6,588,445$0$0$4,172,688
73$7,150,746$0$0$4,530,879
74$7,766,945$0$0$4,923,481
75$8,442,431$0$0$5,353,939
76$9,183,139$0$0$5,826,043
77$9,995,606$0$0$6,343,970
78$10,887,032$0$0$6,912,323
79$11,865,348$0$0$7,536,166
80$12,939,288$0$0$8,221,084
81$14,118,477$0$0$8,973,225
82$15,413,513$0$0$9,799,362
83$16,836,074$0$0$10,706,957
84$18,399,023$0$0$11,704,231
85$20,116,532$0$0$12,800,240
86$22,004,211$0$0$14,004,960
87$24,079,262$0$0$15,329,382
88$26,360,632$0$0$16,785,618
89$28,869,199$0$0$18,387,008
90$31,627,963$0$0$20,148,250
91$34,662,265$0$0$22,085,542
92$38,000,025$0$0$24,216,725
93$41,672,007$0$0$26,561,461
94$45,712,104$0$0$29,141,410
95$50,157,662$0$0$31,980,441
96$55,049,829$0$0$35,104,851
97$60,433,943$0$0$38,543,617
98$66,359,962$0$0$42,328,666
99$72,882,930$0$0$46,495,178
100$80,063,500$0$0$51,081,918