Can I retire at age 40 with 728,000?

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 $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%16%
1 years$60,118$59,582$59,060$58,550$58,052$56,625
2 years$29,761$29,207$28,670$28,149$27,644$26,215
3 years$19,644$19,087$18,551$18,035$17,538$16,153
4 years$14,586$14,031$13,501$12,993$12,508$11,176
5 years$11,552$11,000$10,477$9,980$9,509$8,234
6 years$9,530$8,983$8,467$7,981$7,524$6,307
7 years$8,087$7,544$7,036$6,562$6,119$4,961
8 years$7,004$6,466$5,967$5,505$5,076$3,976
9 years$6,163$5,630$5,139$4,689$4,275$3,232
10 years$5,490$4,963$4,481$4,042$3,642$2,656
11 years$4,940$4,418$3,945$3,517$3,133$2,201
12 years$4,482$3,965$3,501$3,085$2,715$1,835
13 years$4,095$3,583$3,128$2,724$2,367$1,539
14 years$3,763$3,257$2,810$2,418$2,075$1,297
15 years$3,476$2,976$2,537$2,156$1,827$1,096
16 years$3,225$2,730$2,300$1,931$1,615$929
17 years$3,004$2,514$2,093$1,735$1,432$790
18 years$2,808$2,323$1,911$1,563$1,273$673
19 years$2,632$2,153$1,749$1,413$1,135$574
20 years$2,474$2,001$1,606$1,279$1,014$491
21 years$2,332$1,864$1,477$1,161$907$420
22 years$2,202$1,740$1,361$1,056$813$360
23 years$2,084$1,627$1,257$962$730$308
24 years$1,976$1,525$1,162$877$656$265
25 years$1,877$1,431$1,076$801$590$227
26 years$1,785$1,345$998$732$532$195
27 years$1,701$1,265$927$670$479$168
28 years$1,623$1,192$862$614$433$144
29 years$1,550$1,125$802$563$391$124
30 years$1,482$1,062$747$517$353$107
31 years$1,419$1,004$696$475$319$92
32 years$1,359$950$650$436$289$79
33 years$1,304$900$607$401$261$68
34 years$1,252$853$567$369$236$59
35 years$1,202$809$530$340$214$51
36 years$1,156$768$496$313$194$44
37 years$1,113$729$464$288$176$37
38 years$1,071$693$435$266$159$32
39 years$1,032$659$407$245$145$28
40 years$995$627$382$226$131$24
41 years$960$597$358$209$119$21
42 years$927$568$336$192$108$18
43 years$895$542$315$178$98$15
44 years$865$516$296$164$89$13
45 years$836$492$278$151$81$11
46 years$809$470$261$140$73$10
47 years$783$448$245$129$67$8
48 years$758$428$230$119$60$7
49 years$734$409$216$110$55$6
50 years$711$390$203$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $728,000, adding $6,279 every year, while hoping to spend $45,720 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: 52/32/16 Blend
39$728,000$728,000$728,000$728,000
40$808,733$770,149$758,865$846,966
41$842,578$759,240$735,641$862,942
42$878,343$746,265$710,107$874,972
43$916,175$731,073$682,137$887,044
44$956,236$713,507$651,599$899,175
45$998,701$693,398$618,357$911,387
46$1,043,763$670,569$582,267$923,706
47$1,091,632$644,832$543,178$936,166
48$1,142,538$615,988$500,933$948,806
49$1,196,732$583,827$455,370$961,673
50$1,254,490$548,126$406,316$974,820
51$1,316,114$508,650$353,594$988,314
52$1,381,934$465,150$297,016$1,002,228
53$1,452,312$417,363$236,387$1,016,651
54$1,527,646$365,012$171,503$1,031,682
55$1,608,370$307,802$102,153$1,047,439
56$1,694,963$245,423$28,114$1,064,052
57$1,787,948$177,548$0$1,081,676
58$1,887,901$103,830$0$1,109,173
59$1,995,453$23,904$0$1,143,738
60$2,111,297$0$0$1,180,834
61$2,236,195$0$0$1,242,809
62$2,370,983$0$0$1,318,831
63$2,516,580$0$0$1,401,009
64$2,673,997$0$0$1,489,921
65$2,844,343$0$0$1,586,201
66$3,028,839$0$0$1,690,548
67$3,228,827$0$0$1,803,728
68$3,445,780$0$0$1,926,585
69$3,681,323$0$0$2,060,050
70$3,937,240$0$0$2,205,141
71$4,215,494$0$0$2,362,983
72$4,518,243$0$0$2,534,812
73$4,847,866$0$0$2,721,988
74$5,206,976$0$0$2,926,007
75$5,598,452$0$0$3,148,518
76$6,025,459$0$0$3,391,332
77$6,491,483$0$0$3,656,445
78$7,000,363$0$0$3,946,055
79$7,556,320$0$0$4,262,580
80$8,164,006$0$0$4,608,682
81$8,828,539$0$0$4,987,293
82$9,555,557$0$0$5,401,641
83$10,351,265$0$0$5,855,281
84$11,222,498$0$0$6,352,125
85$12,176,782$0$0$6,896,486
86$13,222,406$0$0$7,493,109
87$14,368,496$0$0$8,147,223
88$15,625,105$0$0$8,864,586
89$17,003,306$0$0$9,651,539
90$18,515,294$0$0$10,515,069
91$20,174,499$0$0$11,462,870
92$21,995,720$0$0$12,503,418
93$23,995,252$0$0$13,646,048
94$26,191,050$0$0$14,901,046
95$28,602,890$0$0$16,279,741
96$31,252,559$0$0$17,794,616
97$34,164,058$0$0$19,459,419
98$37,363,827$0$0$21,289,299
99$40,880,997$0$0$23,300,945
100$44,747,658$0$0$25,512,744