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%13.5%
1 years$60,283$59,746$59,222$58,711$58,211$57,365
2 years$29,843$29,287$28,748$28,226$27,720$26,869
3 years$19,698$19,139$18,602$18,085$17,586$16,758
4 years$14,626$14,070$13,538$13,029$12,543$11,742
5 years$11,584$11,031$10,506$10,008$9,535$8,765
6 years$9,556$9,007$8,490$8,003$7,545$6,806
7 years$8,109$7,564$7,055$6,580$6,136$5,429
8 years$7,024$6,484$5,984$5,520$5,090$4,415
9 years$6,180$5,646$5,154$4,702$4,287$3,643
10 years$5,505$4,976$4,493$4,053$3,652$3,040
11 years$4,954$4,430$3,956$3,527$3,141$2,559
12 years$4,495$3,976$3,510$3,094$2,722$2,169
13 years$4,106$3,593$3,136$2,731$2,374$1,849
14 years$3,774$3,266$2,818$2,425$2,081$1,584
15 years$3,486$2,984$2,544$2,162$1,832$1,363
16 years$3,234$2,738$2,307$1,936$1,619$1,176
17 years$3,012$2,521$2,099$1,740$1,436$1,018
18 years$2,815$2,330$1,916$1,568$1,277$883
19 years$2,639$2,159$1,754$1,417$1,138$768
20 years$2,481$2,006$1,610$1,283$1,016$668
21 years$2,338$1,869$1,481$1,164$910$583
22 years$2,208$1,745$1,365$1,059$815$509
23 years$2,090$1,632$1,260$964$732$445
24 years$1,982$1,529$1,165$879$658$389
25 years$1,882$1,435$1,079$803$592$341
26 years$1,790$1,348$1,001$734$533$299
27 years$1,706$1,269$930$672$481$262
28 years$1,627$1,196$864$616$434$230
29 years$1,554$1,128$804$565$392$202
30 years$1,486$1,065$749$518$354$177
31 years$1,422$1,007$698$476$320$156
32 years$1,363$953$652$437$289$137
33 years$1,307$902$608$402$262$120
34 years$1,255$855$568$370$237$106
35 years$1,206$811$531$341$215$93
36 years$1,159$770$497$314$195$82
37 years$1,116$731$465$289$176$72
38 years$1,074$695$436$266$160$63
39 years$1,035$661$408$246$145$56
40 years$998$629$383$227$132$49
41 years$963$598$359$209$119$43
42 years$929$570$337$193$108$38
43 years$898$543$316$178$98$34
44 years$867$518$296$164$89$30
45 years$839$494$278$152$81$26
46 years$811$471$261$140$74$23
47 years$785$449$246$130$67$20
48 years$760$429$231$120$61$18
49 years$736$410$217$111$55$16
50 years$713$391$204$102$50$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $730,000, adding $3,638 every year, while hoping to spend $46,882 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: 78/17/5 Blend
39$730,000$730,000$730,000$730,000
40$808,213$769,523$758,208$870,780
41$840,768$757,347$733,725$900,131
42$875,073$743,004$706,852$925,813
43$911,256$726,337$677,457$952,568
44$949,459$707,181$645,406$980,483
45$989,833$685,363$610,557$1,009,650
46$1,032,547$660,696$572,761$1,040,172
47$1,077,782$632,986$531,864$1,072,164
48$1,125,739$602,026$487,705$1,105,753
49$1,176,636$567,596$440,114$1,141,077
50$1,230,709$529,465$388,915$1,178,292
51$1,288,222$487,389$333,924$1,217,568
52$1,349,458$441,108$274,947$1,259,095
53$1,414,730$390,350$211,785$1,303,082
54$1,484,380$334,824$144,228$1,349,762
55$1,558,782$274,227$72,055$1,399,390
56$1,638,348$208,234$0$1,452,251
57$1,723,528$136,506$0$1,508,923
58$1,814,815$58,682$0$1,573,609
59$1,912,752$0$0$1,642,859
60$2,017,931$0$0$1,721,905
61$2,131,007$0$0$1,818,702
62$2,252,695$0$0$1,922,890
63$2,383,781$0$0$2,035,143
64$2,525,129$0$0$2,156,204
65$2,677,688$0$0$2,286,887
66$2,842,501$0$0$2,428,089
67$3,020,712$0$0$2,580,793
68$3,213,582$0$0$2,746,082
69$3,422,495$0$0$2,925,145
70$3,648,972$0$0$3,119,290
71$3,894,687$0$0$3,329,954
72$4,161,481$0$0$3,558,720
73$4,451,378$0$0$3,807,327
74$4,766,606$0$0$4,077,689
75$5,109,615$0$0$4,371,912
76$5,483,100$0$0$4,692,311
77$5,890,028$0$0$5,041,437
78$6,333,664$0$0$5,422,094
79$6,817,600$0$0$5,837,372
80$7,345,792$0$0$6,290,667
81$7,922,593$0$0$6,785,722
82$8,552,794$0$0$7,326,655
83$9,241,673$0$0$7,918,000
84$9,995,036$0$0$8,564,750
85$10,819,280$0$0$9,272,399
86$11,721,446$0$0$10,047,001
87$12,709,289$0$0$10,895,221
88$13,791,348$0$0$11,824,397
89$14,977,027$0$0$12,842,611
90$16,276,683$0$0$13,958,765
91$17,701,721$0$0$15,182,663
92$19,264,706$0$0$16,525,101
93$20,979,473$0$0$17,997,973
94$22,861,263$0$0$19,614,378
95$24,926,866$0$0$21,388,746
96$27,194,774$0$0$23,336,970
97$29,685,357$0$0$25,476,561
98$32,421,056$0$0$27,826,806
99$35,426,592$0$0$30,408,951
100$38,729,199$0$0$33,246,406