Can I retire at age 40 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$60,448$59,909$59,384$58,871$58,371$57,930
2 years$29,925$29,367$28,827$28,304$27,796$27,351
3 years$19,752$19,192$18,653$18,134$17,635$17,201
4 years$14,666$14,108$13,575$13,065$12,577$12,157
5 years$11,616$11,061$10,535$10,035$9,561$9,155
6 years$9,583$9,032$8,513$8,025$7,565$7,175
7 years$8,131$7,585$7,075$6,598$6,153$5,777
8 years$7,043$6,502$6,000$5,535$5,104$4,744
9 years$6,197$5,661$5,168$4,714$4,298$3,954
10 years$5,520$4,990$4,505$4,064$3,662$3,333
11 years$4,967$4,442$3,966$3,537$3,150$2,835
12 years$4,507$3,987$3,520$3,102$2,730$2,430
13 years$4,118$3,603$3,145$2,739$2,380$2,095
14 years$3,784$3,275$2,826$2,431$2,087$1,815
15 years$3,495$2,992$2,551$2,168$1,837$1,579
16 years$3,243$2,745$2,313$1,941$1,624$1,379
17 years$3,021$2,528$2,105$1,744$1,440$1,208
18 years$2,823$2,336$1,921$1,572$1,280$1,060
19 years$2,647$2,165$1,759$1,420$1,141$933
20 years$2,488$2,012$1,614$1,286$1,019$823
21 years$2,344$1,874$1,485$1,168$912$727
22 years$2,214$1,749$1,369$1,062$817$643
23 years$2,096$1,636$1,264$967$734$569
24 years$1,987$1,533$1,169$882$660$505
25 years$1,887$1,439$1,082$805$594$448
26 years$1,795$1,352$1,004$736$535$398
27 years$1,710$1,272$932$674$482$354
28 years$1,631$1,199$867$617$435$315
29 years$1,558$1,131$806$566$393$280
30 years$1,490$1,068$751$520$355$250
31 years$1,426$1,010$700$477$321$222
32 years$1,367$955$653$439$290$198
33 years$1,311$905$610$403$263$177
34 years$1,258$858$570$371$238$158
35 years$1,209$813$533$342$215$141
36 years$1,163$772$499$315$195$126
37 years$1,119$733$467$290$177$112
38 years$1,077$697$437$267$160$100
39 years$1,038$663$409$246$145$89
40 years$1,001$630$384$227$132$80
41 years$965$600$360$210$120$71
42 years$932$572$338$194$109$64
43 years$900$545$317$179$99$57
44 years$870$519$297$165$89$51
45 years$841$495$279$152$81$45
46 years$813$472$262$141$74$41
47 years$787$451$246$130$67$36
48 years$762$430$231$120$61$32
49 years$738$411$218$111$55$29
50 years$715$392$205$103$50$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $732,000, adding $6,787 every year, while hoping to spend $41,193 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: 74/13/13 Blend
39$732,000$732,000$732,000$732,000
40$813,665$774,869$763,523$871,176
41$852,830$769,008$745,272$904,244
42$894,609$761,480$725,029$934,687
43$939,225$752,159$702,683$966,920
44$986,923$740,912$678,121$1,001,110
45$1,037,971$727,599$651,220$1,037,439
46$1,092,663$712,070$621,855$1,076,112
47$1,151,322$694,168$589,894$1,117,350
48$1,214,301$673,727$555,199$1,161,402
49$1,281,988$650,568$517,627$1,208,541
50$1,354,810$624,505$477,026$1,259,070
51$1,433,234$595,339$433,241$1,313,321
52$1,517,776$562,862$386,106$1,371,663
53$1,608,998$526,852$335,450$1,434,504
54$1,707,522$487,074$281,094$1,502,294
55$1,814,030$443,281$222,850$1,575,529
56$1,929,270$395,211$160,525$1,654,759
57$2,054,066$342,586$93,913$1,740,591
58$2,189,323$285,116$22,801$1,833,695
59$2,336,038$222,490$0$1,934,811
60$2,495,305$154,383$0$2,052,120
61$2,668,328$80,450$0$2,183,015
62$2,856,432$327$0$2,325,360
63$3,061,075$0$0$2,480,292
64$3,283,860$0$0$2,661,418
65$3,526,551$0$0$2,858,808
66$3,791,091$0$0$3,073,999
67$4,079,616$0$0$3,308,732
68$4,394,479$0$0$3,564,925
69$4,738,268$0$0$3,844,690
70$5,113,833$0$0$4,150,349
71$5,524,312$0$0$4,484,460
72$5,973,159$0$0$4,849,840
73$6,464,178$0$0$5,249,589
74$7,001,556$0$0$5,687,123
75$7,589,904$0$0$6,166,201
76$8,234,301$0$0$6,690,962
77$8,940,339$0$0$7,265,968
78$9,714,176$0$0$7,896,238
79$10,562,595$0$0$8,587,304
80$11,493,066$0$0$9,345,257
81$12,513,817$0$0$10,176,805
82$13,633,912$0$0$11,089,339
83$14,863,332$0$0$12,090,998
84$16,213,074$0$0$13,190,748
85$17,695,250$0$0$14,398,467
86$19,323,205$0$0$15,725,034
87$21,111,637$0$0$17,182,436
88$23,076,739$0$0$18,783,876
89$25,236,350$0$0$20,543,902
90$27,610,124$0$0$22,478,538
91$30,219,712$0$0$24,605,441
92$33,088,969$0$0$26,944,061
93$36,244,176$0$0$29,515,830
94$39,714,288$0$0$32,344,360
95$43,531,208$0$0$35,455,663
96$47,730,084$0$0$38,878,403
97$52,349,644$0$0$42,644,159
98$57,432,559$0$0$46,787,728
99$63,025,844$0$0$51,347,448
100$69,181,302$0$0$56,365,561