Can I retire at age 40 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$60,365$59,828$59,303$58,791$58,291$58,045
2 years$29,884$29,327$28,788$28,265$27,758$27,510
3 years$19,725$19,166$18,628$18,110$17,611$17,368
4 years$14,646$14,089$13,556$13,047$12,560$12,325
5 years$11,600$11,046$10,520$10,021$9,548$9,320
6 years$9,569$9,020$8,502$8,014$7,555$7,336
7 years$8,120$7,575$7,065$6,589$6,144$5,933
8 years$7,033$6,493$5,992$5,527$5,097$4,894
9 years$6,188$5,653$5,161$4,708$4,293$4,098
10 years$5,513$4,983$4,499$4,058$3,657$3,471
11 years$4,961$4,436$3,961$3,532$3,146$2,967
12 years$4,501$3,982$3,515$3,098$2,726$2,556
13 years$4,112$3,598$3,141$2,735$2,377$2,214
14 years$3,779$3,271$2,822$2,428$2,084$1,929
15 years$3,491$2,988$2,548$2,165$1,835$1,687
16 years$3,239$2,741$2,310$1,939$1,621$1,481
17 years$3,016$2,525$2,102$1,742$1,438$1,304
18 years$2,819$2,333$1,919$1,570$1,278$1,152
19 years$2,643$2,162$1,757$1,418$1,139$1,019
20 years$2,484$2,009$1,612$1,285$1,018$904
21 years$2,341$1,871$1,483$1,166$911$803
22 years$2,211$1,747$1,367$1,060$816$715
23 years$2,093$1,634$1,262$965$733$637
24 years$1,984$1,531$1,167$881$659$568
25 years$1,885$1,437$1,081$804$593$507
26 years$1,793$1,350$1,002$735$534$453
27 years$1,708$1,271$931$673$481$406
28 years$1,629$1,197$865$617$434$363
29 years$1,556$1,130$805$565$392$325
30 years$1,488$1,067$750$519$354$292
31 years$1,424$1,008$699$477$320$262
32 years$1,365$954$652$438$290$235
33 years$1,309$904$609$403$262$211
34 years$1,257$856$569$371$237$189
35 years$1,207$812$532$341$215$170
36 years$1,161$771$498$314$195$153
37 years$1,117$732$466$290$177$137
38 years$1,076$696$436$267$160$123
39 years$1,037$662$409$246$145$111
40 years$999$630$383$227$132$100
41 years$964$599$359$209$119$90
42 years$931$571$337$193$108$81
43 years$899$544$316$178$98$73
44 years$869$518$297$165$89$65
45 years$840$494$279$152$81$59
46 years$812$472$262$141$74$53
47 years$786$450$246$130$67$48
48 years$761$430$231$120$61$43
49 years$737$410$217$111$55$39
50 years$714$392$204$102$50$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $731,000, adding $4,279 every year, while hoping to spend $57,212 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: 52/19/29 Blend
39$731,000$731,000$731,000$731,000
40$809,976$771,233$759,902$845,299
41$831,720$748,150$724,486$847,249
42$853,765$722,019$685,966$843,266
43$876,081$692,629$644,177$837,814
44$898,632$659,759$598,948$830,777
45$921,379$623,174$550,100$822,031
46$944,276$582,626$497,444$811,445
47$967,269$537,851$440,785$798,877
48$990,298$488,573$379,919$784,175
49$1,013,293$434,498$314,631$767,179
50$1,036,176$375,316$244,698$747,713
51$1,058,858$310,699$169,888$725,593
52$1,081,239$240,301$89,957$700,619
53$1,103,206$163,756$4,651$672,578
54$1,124,632$80,678$0$641,240
55$1,145,373$0$0$633,091
56$1,165,270$0$0$626,360
57$1,184,143$0$0$635,872
58$1,201,791$0$0$644,640
59$1,217,991$0$0$652,536
60$1,232,492$0$0$659,415
61$1,245,016$0$0$665,116
62$1,255,251$0$0$669,459
63$1,262,853$0$0$672,245
64$1,267,436$0$0$673,251
65$1,268,574$0$0$672,233
66$1,265,791$0$0$668,915
67$1,258,561$0$0$662,994
68$1,246,299$0$0$654,134
69$1,228,356$0$0$641,960
70$1,204,014$0$0$626,060
71$1,172,474$0$0$605,974
72$1,132,856$0$0$581,195
73$1,084,182$0$0$551,162
74$1,025,370$0$0$515,251
75$955,223$0$0$472,776
76$872,416$0$0$422,975
77$775,486$0$0$365,006
78$662,813$0$0$297,939
79$532,606$0$0$220,746
80$382,887$0$0$132,291
81$211,469$0$0$31,317
82$15,937$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0