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%12.5%
1 years$60,365$59,828$59,303$58,791$58,291$57,682
2 years$29,884$29,327$28,788$28,265$27,758$27,145
3 years$19,725$19,166$18,628$18,110$17,611$17,012
4 years$14,646$14,089$13,556$13,047$12,560$11,981
5 years$11,600$11,046$10,520$10,021$9,548$8,990
6 years$9,569$9,020$8,502$8,014$7,555$7,019
7 years$8,120$7,575$7,065$6,589$6,144$5,630
8 years$7,033$6,493$5,992$5,527$5,097$4,605
9 years$6,188$5,653$5,161$4,708$4,293$3,822
10 years$5,513$4,983$4,499$4,058$3,657$3,208
11 years$4,961$4,436$3,961$3,532$3,146$2,718
12 years$4,501$3,982$3,515$3,098$2,726$2,318
13 years$4,112$3,598$3,141$2,735$2,377$1,990
14 years$3,779$3,271$2,822$2,428$2,084$1,716
15 years$3,491$2,988$2,548$2,165$1,835$1,486
16 years$3,239$2,741$2,310$1,939$1,621$1,291
17 years$3,016$2,525$2,102$1,742$1,438$1,126
18 years$2,819$2,333$1,919$1,570$1,278$983
19 years$2,643$2,162$1,757$1,418$1,139$861
20 years$2,484$2,009$1,612$1,285$1,018$755
21 years$2,341$1,871$1,483$1,166$911$664
22 years$2,211$1,747$1,367$1,060$816$584
23 years$2,093$1,634$1,262$965$733$514
24 years$1,984$1,531$1,167$881$659$454
25 years$1,885$1,437$1,081$804$593$401
26 years$1,793$1,350$1,002$735$534$354
27 years$1,708$1,271$931$673$481$313
28 years$1,629$1,197$865$617$434$277
29 years$1,556$1,130$805$565$392$245
30 years$1,488$1,067$750$519$354$217
31 years$1,424$1,008$699$477$320$192
32 years$1,365$954$652$438$290$170
33 years$1,309$904$609$403$262$151
34 years$1,257$856$569$371$237$134
35 years$1,207$812$532$341$215$119
36 years$1,161$771$498$314$195$105
37 years$1,117$732$466$290$177$94
38 years$1,076$696$436$267$160$83
39 years$1,037$662$409$246$145$74
40 years$999$630$383$227$132$65
41 years$964$599$359$209$119$58
42 years$931$571$337$193$108$52
43 years$899$544$316$178$98$46
44 years$869$518$297$165$89$41
45 years$840$494$279$152$81$36
46 years$812$472$262$141$74$32
47 years$786$450$246$130$67$29
48 years$761$430$231$120$61$25
49 years$737$410$217$111$55$23
50 years$714$392$204$102$50$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $731,000, adding $2,203 every year, while hoping to spend $21,487 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: 72/19/9 Blend
39$731,000$731,000$731,000$731,000
40$807,834$769,091$757,761$864,544
41$867,372$783,915$760,284$917,128
42$932,261$798,745$762,171$971,807
43$1,003,027$813,558$763,379$1,031,084
44$1,080,244$828,331$763,861$1,095,406
45$1,164,548$843,038$763,569$1,165,268
46$1,256,635$857,650$762,451$1,241,212
47$1,357,274$872,137$760,456$1,323,836
48$1,467,310$886,466$757,526$1,413,802
49$1,587,676$900,603$753,603$1,511,834
50$1,719,396$914,510$748,625$1,618,734
51$1,863,599$928,146$742,529$1,735,383
52$2,021,529$941,468$735,247$1,862,753
53$2,194,555$954,430$726,708$2,001,915
54$2,384,185$966,982$716,838$2,154,048
55$2,592,079$979,071$705,559$2,320,453
56$2,820,067$990,642$692,791$2,502,561
57$3,070,163$1,001,632$678,449$2,701,952
58$3,344,586$1,011,978$662,443$2,920,365
59$3,645,780$1,021,611$644,681$3,159,716
60$3,976,437$1,030,457$625,065$3,422,119
61$4,339,522$1,038,439$603,494$3,709,902
62$4,738,304$1,045,473$579,861$4,025,629
63$5,176,380$1,051,470$554,055$4,372,130
64$5,657,714$1,056,336$525,960$4,752,519
65$6,186,676$1,059,971$495,454$5,170,231
66$6,768,075$1,062,268$462,410$5,629,051
67$7,407,214$1,063,114$426,696$6,133,149
68$8,109,931$1,062,388$388,172$6,687,124
69$8,882,662$1,059,963$346,694$7,296,041
70$9,732,496$1,055,703$302,110$7,965,484
71$10,667,242$1,049,464$254,262$8,701,607
72$11,695,506$1,041,093$202,986$9,511,192
73$12,826,770$1,030,429$148,108$10,401,713
74$14,071,479$1,017,299$89,449$11,381,409
75$15,441,146$1,001,522$26,820$12,459,359
76$16,948,450$982,905$0$13,645,569
77$18,607,368$961,243$0$14,954,909
78$20,433,296$936,320$0$16,398,690
79$22,443,199$907,907$0$17,987,748
80$24,655,773$875,762$0$19,736,869
81$27,091,615$839,627$0$21,662,344
82$29,773,423$799,233$0$23,782,129
83$32,726,208$754,290$0$26,116,010
84$35,977,526$704,496$0$28,685,793
85$39,557,747$649,529$0$31,515,508
86$43,500,331$589,050$0$34,631,637
87$47,842,151$522,700$0$38,063,366
88$52,623,838$450,099$0$41,842,855
89$57,890,163$370,848$0$46,005,550
90$63,690,462$284,521$0$50,590,510
91$70,079,100$190,674$0$55,640,782
92$77,115,983$88,832$0$61,203,805
93$84,867,126$0$0$67,331,856
94$93,405,273$0$0$74,087,044
95$102,810,585$0$0$81,548,825
96$113,171,395$0$0$89,768,712
97$124,585,042$0$0$98,823,937
98$137,158,792$0$0$108,799,609
99$151,010,846$0$0$119,789,511
100$166,271,457$0$0$131,896,991