Can I retire at age 40 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$60,118$59,582$59,060$58,550$58,052$57,422
2 years$29,761$29,207$28,670$28,149$27,644$27,009
3 years$19,644$19,087$18,551$18,035$17,538$16,919
4 years$14,586$14,031$13,501$12,993$12,508$11,909
5 years$11,552$11,000$10,477$9,980$9,509$8,932
6 years$9,530$8,983$8,467$7,981$7,524$6,969
7 years$8,087$7,544$7,036$6,562$6,119$5,587
8 years$7,004$6,466$5,967$5,505$5,076$4,567
9 years$6,163$5,630$5,139$4,689$4,275$3,789
10 years$5,490$4,963$4,481$4,042$3,642$3,178
11 years$4,940$4,418$3,945$3,517$3,133$2,691
12 years$4,482$3,965$3,501$3,085$2,715$2,294
13 years$4,095$3,583$3,128$2,724$2,367$1,967
14 years$3,763$3,257$2,810$2,418$2,075$1,696
15 years$3,476$2,976$2,537$2,156$1,827$1,467
16 years$3,225$2,730$2,300$1,931$1,615$1,274
17 years$3,004$2,514$2,093$1,735$1,432$1,110
18 years$2,808$2,323$1,911$1,563$1,273$969
19 years$2,632$2,153$1,749$1,413$1,135$848
20 years$2,474$2,001$1,606$1,279$1,014$743
21 years$2,332$1,864$1,477$1,161$907$653
22 years$2,202$1,740$1,361$1,056$813$574
23 years$2,084$1,627$1,257$962$730$505
24 years$1,976$1,525$1,162$877$656$445
25 years$1,877$1,431$1,076$801$590$393
26 years$1,785$1,345$998$732$532$347
27 years$1,701$1,265$927$670$479$306
28 years$1,623$1,192$862$614$433$271
29 years$1,550$1,125$802$563$391$239
30 years$1,482$1,062$747$517$353$212
31 years$1,419$1,004$696$475$319$187
32 years$1,359$950$650$436$289$166
33 years$1,304$900$607$401$261$147
34 years$1,252$853$567$369$236$130
35 years$1,202$809$530$340$214$115
36 years$1,156$768$496$313$194$102
37 years$1,113$729$464$288$176$91
38 years$1,071$693$435$266$159$80
39 years$1,032$659$407$245$145$71
40 years$995$627$382$226$131$63
41 years$960$597$358$209$119$56
42 years$927$568$336$192$108$50
43 years$895$542$315$178$98$44
44 years$865$516$296$164$89$39
45 years$836$492$278$151$81$35
46 years$809$470$261$140$73$31
47 years$783$448$245$129$67$27
48 years$758$428$230$119$60$24
49 years$734$409$216$110$55$22
50 years$711$390$203$102$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $728,000, adding $3,779 every year, while hoping to spend $23,077 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: 61/19/20 Blend
39$728,000$728,000$728,000$728,000
40$806,154$767,570$756,286$850,917
41$863,828$780,627$757,068$894,676
42$926,611$793,551$757,102$939,524
43$995,001$806,310$756,340$987,944
44$1,069,543$818,871$754,730$1,040,288
45$1,150,839$831,199$752,217$1,096,941
46$1,239,553$843,255$748,743$1,158,329
47$1,336,411$854,999$744,251$1,224,923
48$1,442,218$866,387$738,676$1,297,238
49$1,557,856$877,372$731,953$1,375,847
50$1,684,298$887,903$724,014$1,461,380
51$1,822,614$897,929$714,787$1,554,530
52$1,973,985$907,391$704,196$1,656,063
53$2,139,707$916,228$692,162$1,766,824
54$2,321,210$924,377$678,603$1,887,743
55$2,520,069$931,767$663,432$2,019,848
56$2,738,018$938,326$646,558$2,164,270
57$2,976,966$943,974$627,888$2,322,259
58$3,239,017$948,628$607,322$2,495,191
59$3,526,486$952,201$584,757$2,684,584
60$3,841,925$954,596$560,084$2,892,112
61$4,188,145$955,715$533,191$3,119,621
62$4,568,241$955,450$503,958$3,369,146
63$4,985,623$953,689$472,262$3,642,933
64$5,444,049$950,312$437,975$3,943,454
65$5,947,655$945,190$400,960$4,273,440
66$6,501,001$938,190$361,077$4,635,899
67$7,109,109$929,167$318,179$5,034,147
68$7,777,511$917,969$272,112$5,471,842
69$8,512,304$904,436$222,714$5,953,016
70$9,320,202$888,397$169,818$6,482,116
71$10,208,604$869,670$113,249$7,064,041
72$11,185,663$848,065$52,824$7,704,197
73$12,260,359$823,378$0$8,408,540
74$13,442,587$795,395$0$9,186,128
75$14,743,250$763,889$0$10,053,903
76$16,174,360$728,618$0$11,008,609
77$17,749,154$689,329$0$12,059,092
78$19,482,214$645,753$0$13,215,101
79$21,389,610$597,605$0$14,487,381
80$23,489,046$544,584$0$15,887,774
81$25,800,033$486,373$0$17,429,331
82$28,344,066$422,635$0$19,126,433
83$31,144,832$353,015$0$20,994,934
84$34,228,431$277,139$0$23,052,303
85$37,623,622$194,610$0$25,317,792
86$41,362,095$105,009$0$27,812,621
87$45,478,770$7,896$0$30,560,175
88$50,012,124$0$0$33,586,226
89$55,004,557$0$0$36,939,500
90$60,502,792$0$0$40,634,400
91$66,558,311$0$0$44,703,882
92$73,227,847$0$0$49,186,082
93$80,573,913$0$0$54,123,022
94$88,665,399$0$0$59,561,009
95$97,578,214$0$0$65,551,069
96$107,396,007$0$0$72,149,434
97$118,210,958$0$0$79,418,064
98$130,124,641$0$0$87,425,240
99$143,248,988$0$0$96,246,204
100$157,707,346$0$0$105,963,869