Can I retire at age 40 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$60,283$59,746$59,222$58,711$58,211$55,880
2 years$29,843$29,287$28,748$28,226$27,720$25,400
3 years$19,698$19,139$18,602$18,085$17,586$15,352
4 years$14,626$14,070$13,538$13,029$12,543$10,410
5 years$11,584$11,031$10,506$10,008$9,535$7,509
6 years$9,556$9,007$8,490$8,003$7,545$5,627
7 years$8,109$7,564$7,055$6,580$6,136$4,326
8 years$7,024$6,484$5,984$5,520$5,090$3,387
9 years$6,180$5,646$5,154$4,702$4,287$2,687
10 years$5,505$4,976$4,493$4,053$3,652$2,153
11 years$4,954$4,430$3,956$3,527$3,141$1,738
12 years$4,495$3,976$3,510$3,094$2,722$1,412
13 years$4,106$3,593$3,136$2,731$2,374$1,152
14 years$3,774$3,266$2,818$2,425$2,081$944
15 years$3,486$2,984$2,544$2,162$1,832$776
16 years$3,234$2,738$2,307$1,936$1,619$639
17 years$3,012$2,521$2,099$1,740$1,436$528
18 years$2,815$2,330$1,916$1,568$1,277$436
19 years$2,639$2,159$1,754$1,417$1,138$361
20 years$2,481$2,006$1,610$1,283$1,016$299
21 years$2,338$1,869$1,481$1,164$910$248
22 years$2,208$1,745$1,365$1,059$815$206
23 years$2,090$1,632$1,260$964$732$171
24 years$1,982$1,529$1,165$879$658$142
25 years$1,882$1,435$1,079$803$592$118
26 years$1,790$1,348$1,001$734$533$98
27 years$1,706$1,269$930$672$481$82
28 years$1,627$1,196$864$616$434$68
29 years$1,554$1,128$804$565$392$57
30 years$1,486$1,065$749$518$354$47
31 years$1,422$1,007$698$476$320$39
32 years$1,363$953$652$437$289$33
33 years$1,307$902$608$402$262$27
34 years$1,255$855$568$370$237$23
35 years$1,206$811$531$341$215$19
36 years$1,159$770$497$314$195$16
37 years$1,116$731$465$289$176$13
38 years$1,074$695$436$266$160$11
39 years$1,035$661$408$246$145$9
40 years$998$629$383$227$132$8
41 years$963$598$359$209$119$6
42 years$929$570$337$193$108$5
43 years$898$543$316$178$98$4
44 years$867$518$296$164$89$4
45 years$839$494$278$152$81$3
46 years$811$471$261$140$74$3
47 years$785$449$246$130$67$2
48 years$760$429$231$120$61$2
49 years$736$410$217$111$55$1
50 years$713$391$204$102$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $730,000, adding $6,446 every year, while hoping to spend $30,350 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: 46/27/27 Blend
39$730,000$730,000$730,000$730,000
40$811,109$772,419$761,104$841,862
41$861,550$777,975$754,309$869,803
42$916,119$782,787$746,269$896,655
43$975,204$786,785$736,910$925,200
44$1,039,234$789,896$726,156$955,613
45$1,108,679$792,044$713,925$988,089
46$1,184,055$793,145$700,132$1,022,841
47$1,265,932$793,113$684,690$1,060,110
48$1,354,935$791,853$667,505$1,100,161
49$1,451,753$789,268$648,481$1,143,286
50$1,557,142$785,253$627,516$1,189,813
51$1,671,937$779,696$604,503$1,240,102
52$1,797,053$772,480$579,333$1,294,555
53$1,933,500$763,480$551,889$1,353,614
54$2,082,390$752,562$522,049$1,417,772
55$2,244,943$739,588$489,688$1,487,574
56$2,422,507$724,407$454,672$1,563,623
57$2,616,562$706,863$416,863$1,646,586
58$2,828,741$686,788$376,117$1,737,204
59$3,060,838$664,007$332,283$1,836,293
60$3,314,832$638,331$285,202$1,944,761
61$3,592,899$609,564$234,711$2,063,609
62$3,897,437$577,495$180,636$2,193,944
63$4,231,088$541,904$122,800$2,336,994
64$4,596,758$502,557$61,013$2,494,113
65$4,997,651$459,206$0$2,666,801
66$5,437,294$411,589$0$2,858,133
67$5,919,571$359,430$0$3,087,373
68$6,448,762$302,438$0$3,339,010
69$7,029,581$240,302$0$3,615,347
70$7,667,220$172,698$0$3,918,923
71$8,367,397$99,281$0$4,252,538
72$9,136,413$19,688$0$4,619,283
73$9,981,208$0$0$5,022,567
74$10,909,428$0$0$5,485,898
75$11,929,496$0$0$6,001,595
76$13,050,691$0$0$6,568,511
77$14,283,236$0$0$7,191,828
78$15,638,394$0$0$7,877,252
79$17,128,573$0$0$8,631,074
80$18,767,445$0$0$9,460,221
81$20,570,072$0$0$10,372,328
82$22,553,051$0$0$11,375,805
83$24,734,665$0$0$12,479,920
84$27,135,062$0$0$13,694,884
85$29,776,439$0$0$15,031,948
86$32,683,256$0$0$16,503,508
87$35,882,460$0$0$18,123,224
88$39,403,747$0$0$19,906,146
89$43,279,836$0$0$21,868,858
90$47,546,778$0$0$24,029,634
91$52,244,299$0$0$26,408,608
92$57,416,171$0$0$29,027,969
93$63,110,627$0$0$31,912,164
94$69,380,815$0$0$35,088,131
95$76,285,299$0$0$38,585,556
96$83,888,610$0$0$42,437,150
97$92,261,859$0$0$46,678,956
98$101,483,402$0$0$51,350,692
99$111,639,585$0$0$56,496,126
100$122,825,551$0$0$62,163,485