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%18.9%
1 years$60,365$59,828$59,303$58,791$58,291$56,200
2 years$29,884$29,327$28,788$28,265$27,758$25,674
3 years$19,725$19,166$18,628$18,110$17,611$15,599
4 years$14,646$14,089$13,556$13,047$12,560$10,637
5 years$11,600$11,046$10,520$10,021$9,548$7,717
6 years$9,569$9,020$8,502$8,014$7,555$5,819
7 years$8,120$7,575$7,065$6,589$6,144$4,502
8 years$7,033$6,493$5,992$5,527$5,097$3,547
9 years$6,188$5,653$5,161$4,708$4,293$2,833
10 years$5,513$4,983$4,499$4,058$3,657$2,286
11 years$4,961$4,436$3,961$3,532$3,146$1,859
12 years$4,501$3,982$3,515$3,098$2,726$1,521
13 years$4,112$3,598$3,141$2,735$2,377$1,251
14 years$3,779$3,271$2,822$2,428$2,084$1,033
15 years$3,491$2,988$2,548$2,165$1,835$855
16 years$3,239$2,741$2,310$1,939$1,621$710
17 years$3,016$2,525$2,102$1,742$1,438$591
18 years$2,819$2,333$1,919$1,570$1,278$493
19 years$2,643$2,162$1,757$1,418$1,139$411
20 years$2,484$2,009$1,612$1,285$1,018$344
21 years$2,341$1,871$1,483$1,166$911$288
22 years$2,211$1,747$1,367$1,060$816$241
23 years$2,093$1,634$1,262$965$733$202
24 years$1,984$1,531$1,167$881$659$169
25 years$1,885$1,437$1,081$804$593$142
26 years$1,793$1,350$1,002$735$534$119
27 years$1,708$1,271$931$673$481$100
28 years$1,629$1,197$865$617$434$84
29 years$1,556$1,130$805$565$392$71
30 years$1,488$1,067$750$519$354$59
31 years$1,424$1,008$699$477$320$50
32 years$1,365$954$652$438$290$42
33 years$1,309$904$609$403$262$35
34 years$1,257$856$569$371$237$30
35 years$1,207$812$532$341$215$25
36 years$1,161$771$498$314$195$21
37 years$1,117$732$466$290$177$18
38 years$1,076$696$436$267$160$15
39 years$1,037$662$409$246$145$12
40 years$999$630$383$227$132$10
41 years$964$599$359$209$119$9
42 years$931$571$337$193$108$7
43 years$899$544$316$178$98$6
44 years$869$518$297$165$89$5
45 years$840$494$279$152$81$4
46 years$812$472$262$141$74$4
47 years$786$450$246$130$67$3
48 years$761$430$231$120$61$3
49 years$737$410$217$111$55$2
50 years$714$392$204$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $731,000, adding $5,947 every year, while hoping to spend $36,429 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: 72/16/12 Blend
39$731,000$731,000$731,000$731,000
40$811,696$772,953$761,623$867,698
41$855,729$772,068$748,377$904,674
42$903,032$769,918$733,467$940,100
43$953,901$766,404$716,797$977,912
44$1,008,660$761,418$698,270$1,018,335
45$1,067,663$754,848$677,783$1,061,622
46$1,131,303$746,573$655,227$1,108,048
47$1,200,008$736,468$630,489$1,157,919
48$1,274,251$724,397$603,452$1,211,573
49$1,354,549$710,217$573,993$1,269,380
50$1,441,474$693,777$541,982$1,331,754
51$1,535,650$674,919$507,284$1,399,146
52$1,637,767$653,471$469,759$1,472,059
53$1,748,583$629,254$429,260$1,551,044
54$1,868,931$602,080$385,632$1,636,712
55$1,999,727$571,747$338,716$1,729,737
56$2,141,979$538,043$288,343$1,830,862
57$2,296,797$500,743$234,339$1,940,909
58$2,465,401$459,610$176,520$2,060,783
59$2,649,134$414,393$114,695$2,191,483
60$2,849,474$364,827$48,666$2,334,115
61$3,068,048$310,631$0$2,489,895
62$3,306,646$251,509$0$2,662,960
63$3,567,239$187,148$0$2,858,832
64$3,851,997$117,218$0$3,072,940
65$4,163,309$41,370$0$3,307,120
66$4,503,805$0$0$3,563,398
67$4,876,380$0$0$3,851,182
68$5,284,223$0$0$4,174,217
69$5,730,845$0$0$4,528,002
70$6,220,113$0$0$4,915,605
71$6,756,285$0$0$5,340,406
72$7,344,050$0$0$5,806,123
73$7,988,575$0$0$6,316,855
74$8,695,547$0$0$6,877,115
75$9,471,233$0$0$7,491,873
76$10,322,534$0$0$8,166,605
77$11,257,052$0$0$8,907,343
78$12,283,163$0$0$9,720,730
79$13,410,090$0$0$10,614,084
80$14,647,996$0$0$11,595,469
81$16,008,076$0$0$12,673,766
82$17,502,663$0$0$13,858,759
83$19,145,343$0$0$15,161,228
84$20,951,085$0$0$16,593,048
85$22,936,380$0$0$18,167,303
86$25,119,395$0$0$19,898,407
87$27,520,149$0$0$21,802,243
88$30,160,694$0$0$23,896,307
89$33,065,330$0$0$26,199,878
90$36,260,829$0$0$28,734,197
91$39,776,688$0$0$31,522,667
92$43,645,408$0$0$34,591,075
93$47,902,799$0$0$37,967,833
94$52,588,320$0$0$41,684,248
95$57,745,445$0$0$45,774,813
96$63,422,081$0$0$50,277,536
97$69,671,012$0$0$55,234,299
98$76,550,400$0$0$60,691,249
99$84,124,333$0$0$66,699,233
100$92,463,430$0$0$73,314,282