Can I retire at age 40 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$60,200$59,664$59,141$58,630$58,131$56,248
2 years$29,802$29,247$28,709$28,188$27,682$25,802
3 years$19,671$19,113$18,577$18,060$17,562$15,745
4 years$14,606$14,050$13,519$13,011$12,526$10,785
5 years$11,568$11,016$10,491$9,994$9,522$7,862
6 years$9,543$8,995$8,479$7,992$7,534$5,957
7 years$8,098$7,554$7,046$6,571$6,127$4,633
8 years$7,014$6,475$5,975$5,512$5,083$3,670
9 years$6,171$5,638$5,147$4,695$4,281$2,947
10 years$5,498$4,969$4,487$4,047$3,647$2,391
11 years$4,947$4,424$3,950$3,522$3,137$1,956
12 years$4,488$3,971$3,506$3,090$2,718$1,610
13 years$4,101$3,588$3,132$2,728$2,371$1,332
14 years$3,769$3,262$2,814$2,421$2,078$1,107
15 years$3,481$2,980$2,541$2,159$1,830$923
16 years$3,230$2,734$2,304$1,933$1,617$771
17 years$3,008$2,518$2,096$1,737$1,434$646
18 years$2,811$2,326$1,914$1,566$1,275$542
19 years$2,636$2,156$1,752$1,415$1,136$456
20 years$2,478$2,004$1,608$1,281$1,015$384
21 years$2,335$1,866$1,479$1,163$908$323
22 years$2,205$1,742$1,363$1,057$814$273
23 years$2,087$1,629$1,258$963$731$230
24 years$1,979$1,527$1,164$878$657$194
25 years$1,879$1,433$1,078$802$591$164
26 years$1,788$1,346$1,000$733$532$139
27 years$1,703$1,267$928$671$480$117
28 years$1,625$1,194$863$615$433$99
29 years$1,552$1,126$803$564$391$84
30 years$1,484$1,064$748$518$353$71
31 years$1,421$1,006$697$475$320$60
32 years$1,361$952$651$437$289$51
33 years$1,306$901$608$402$262$43
34 years$1,253$854$568$370$237$37
35 years$1,204$810$531$340$214$31
36 years$1,158$769$496$313$194$26
37 years$1,114$730$465$289$176$22
38 years$1,073$694$435$266$160$19
39 years$1,034$660$408$245$145$16
40 years$997$628$382$226$131$14
41 years$962$598$358$209$119$11
42 years$928$569$336$193$108$10
43 years$896$542$315$178$98$8
44 years$866$517$296$164$89$7
45 years$837$493$278$152$81$6
46 years$810$470$261$140$73$5
47 years$784$449$245$129$67$4
48 years$759$428$231$120$61$4
49 years$735$409$217$111$55$3
50 years$712$391$204$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $729,000, adding $4,797 every year, while hoping to spend $22,240 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: 70/15/15 Blend
39$729,000$729,000$729,000$729,000
40$808,306$769,669$758,370$861,786
41$867,090$783,720$760,112$912,010
42$931,125$797,713$761,167$963,835
43$1,000,922$811,624$761,489$1,019,979
44$1,077,046$825,423$761,028$1,080,867
45$1,160,116$839,080$759,734$1,146,964
46$1,250,815$852,563$757,552$1,218,784
47$1,349,895$865,835$754,428$1,296,891
48$1,458,184$878,860$750,300$1,381,910
49$1,576,592$891,598$745,108$1,474,527
50$1,706,122$904,004$738,787$1,575,499
51$1,847,879$916,033$731,269$1,685,660
52$2,003,078$927,634$722,483$1,805,929
53$2,173,060$938,756$712,354$1,937,321
54$2,359,298$949,341$700,804$2,080,950
55$2,563,417$959,329$687,751$2,238,050
56$2,787,206$968,656$673,111$2,409,974
57$3,032,634$977,254$656,793$2,598,220
58$3,301,871$985,048$638,704$2,804,435
59$3,597,308$991,961$618,747$3,030,434
60$3,921,577$997,910$596,818$3,278,221
61$4,277,577$1,002,807$572,811$3,550,001
62$4,668,503$1,006,558$546,613$3,848,206
63$5,097,874$1,009,063$518,109$4,175,518
64$5,569,566$1,010,217$487,174$4,534,891
65$6,087,850$1,009,905$453,682$4,929,581
66$6,657,430$1,008,009$417,500$5,363,179
67$7,283,488$1,004,402$378,486$5,839,640
68$7,971,734$998,949$336,496$6,363,326
69$8,728,460$991,506$291,378$6,939,043
70$9,560,595$981,922$242,971$7,572,088
71$10,475,776$970,036$191,111$8,268,302
72$11,482,416$955,678$135,623$9,034,121
73$12,589,783$938,667$76,327$9,876,638
74$13,808,090$918,811$13,034$10,803,673
75$15,148,591$895,909$0$11,823,843
76$16,623,683$869,744$0$12,955,371
77$18,247,027$840,090$0$14,202,796
78$20,033,676$806,707$0$15,575,601
79$22,000,215$769,339$0$17,086,542
80$24,164,919$727,719$0$18,749,673
81$26,547,923$681,560$0$20,580,482
82$29,171,418$630,562$0$22,596,037
83$32,059,850$574,407$0$24,815,149
84$35,240,160$512,759$0$27,258,544
85$38,742,033$445,261$0$29,949,067
86$42,598,180$371,538$0$32,911,890
87$46,844,644$291,193$0$36,174,756
88$51,521,143$203,807$0$39,768,236
89$56,671,442$108,937$0$43,726,021
90$62,343,770$6,115$0$48,085,240
91$68,591,268$0$0$52,886,809
92$75,472,496$0$0$58,193,176
93$83,051,984$0$0$64,039,164
94$91,400,841$0$0$70,478,618
95$100,597,424$0$0$77,571,980
96$110,728,081$0$0$85,385,859
97$121,887,960$0$0$93,993,652
98$134,181,914$0$0$103,476,240
99$147,725,485$0$0$113,922,753
100$162,645,996$0$0$125,431,405