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%19.2%
1 years$60,448$59,909$59,384$58,871$58,371$56,210
2 years$29,925$29,367$28,827$28,304$27,796$25,643
3 years$19,752$19,192$18,653$18,134$17,635$15,558
4 years$14,666$14,108$13,575$13,065$12,577$10,593
5 years$11,616$11,061$10,535$10,035$9,561$7,673
6 years$9,583$9,032$8,513$8,025$7,565$5,776
7 years$8,131$7,585$7,075$6,598$6,153$4,461
8 years$7,043$6,502$6,000$5,535$5,104$3,509
9 years$6,197$5,661$5,168$4,714$4,298$2,797
10 years$5,520$4,990$4,505$4,064$3,662$2,253
11 years$4,967$4,442$3,966$3,537$3,150$1,828
12 years$4,507$3,987$3,520$3,102$2,730$1,493
13 years$4,118$3,603$3,145$2,739$2,380$1,225
14 years$3,784$3,275$2,826$2,431$2,087$1,009
15 years$3,495$2,992$2,551$2,168$1,837$834
16 years$3,243$2,745$2,313$1,941$1,624$691
17 years$3,021$2,528$2,105$1,744$1,440$574
18 years$2,823$2,336$1,921$1,572$1,280$477
19 years$2,647$2,165$1,759$1,420$1,141$398
20 years$2,488$2,012$1,614$1,286$1,019$332
21 years$2,344$1,874$1,485$1,168$912$277
22 years$2,214$1,749$1,369$1,062$817$231
23 years$2,096$1,636$1,264$967$734$193
24 years$1,987$1,533$1,169$882$660$162
25 years$1,887$1,439$1,082$805$594$135
26 years$1,795$1,352$1,004$736$535$113
27 years$1,710$1,272$932$674$482$95
28 years$1,631$1,199$867$617$435$80
29 years$1,558$1,131$806$566$393$67
30 years$1,490$1,068$751$520$355$56
31 years$1,426$1,010$700$477$321$47
32 years$1,367$955$653$439$290$39
33 years$1,311$905$610$403$263$33
34 years$1,258$858$570$371$238$28
35 years$1,209$813$533$342$215$23
36 years$1,163$772$499$315$195$19
37 years$1,119$733$467$290$177$16
38 years$1,077$697$437$267$160$14
39 years$1,038$663$409$246$145$11
40 years$1,001$630$384$227$132$10
41 years$965$600$360$210$120$8
42 years$932$572$338$194$109$7
43 years$900$545$317$179$99$6
44 years$870$519$297$165$89$5
45 years$841$495$279$152$81$4
46 years$813$472$262$141$74$3
47 years$787$451$246$130$67$3
48 years$762$430$231$120$61$2
49 years$738$411$218$111$55$2
50 years$715$392$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $732,000, adding $3,697 every year, while hoping to spend $23,497 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: 75/11/14 Blend
39$732,000$732,000$732,000$732,000
40$810,477$771,681$760,335$868,587
41$868,146$784,493$760,806$920,291
42$930,908$797,145$760,505$973,648
43$999,260$809,605$759,381$1,031,487
44$1,073,747$821,837$757,382$1,094,245
45$1,154,966$833,804$754,452$1,162,404
46$1,243,578$845,467$750,532$1,236,498
47$1,340,309$856,781$745,561$1,317,112
48$1,445,959$867,700$739,475$1,404,893
49$1,561,405$878,177$732,206$1,500,551
50$1,687,619$888,157$723,685$1,604,873
51$1,825,664$897,586$713,837$1,718,721
52$1,976,717$906,402$702,585$1,843,048
53$2,142,069$914,543$689,849$1,978,904
54$2,323,145$921,940$675,544$2,127,446
55$2,521,512$928,521$659,580$2,289,948
56$2,738,896$934,209$641,866$2,467,815
57$2,977,200$938,922$622,305$2,662,595
58$3,238,517$942,572$600,795$2,875,994
59$3,525,154$945,066$577,230$3,109,893
60$3,839,652$946,307$551,500$3,366,365
61$4,184,809$946,188$523,488$3,647,694
62$4,563,708$944,600$493,073$3,956,396
63$4,979,744$941,423$460,128$4,295,248
64$5,436,658$936,532$424,522$4,667,305
65$5,938,569$929,795$386,116$5,075,940
66$6,490,018$921,070$344,766$5,524,866
67$7,096,005$910,207$300,320$6,018,178
68$7,762,038$897,048$252,622$6,560,387
69$8,494,187$881,425$201,506$7,156,468
70$9,299,139$863,159$146,802$7,811,900
71$10,184,261$842,063$88,329$8,532,726
72$11,157,667$817,936$25,900$9,325,602
73$12,228,302$790,568$0$10,197,869
74$13,406,016$759,733$0$11,163,695
75$14,701,666$725,196$0$12,230,438
76$16,127,212$686,707$0$13,404,078
77$17,695,832$643,999$0$14,695,479
78$19,422,045$596,794$0$16,116,608
79$21,321,852$544,795$0$17,680,653
80$23,412,879$487,689$0$19,402,149
81$25,714,552$425,144$0$21,297,112
82$28,248,272$356,812$0$23,383,188
83$31,037,623$282,323$0$25,679,829
84$34,108,591$201,288$0$28,208,464
85$37,489,809$113,292$0$30,992,714
86$41,212,829$17,903$0$34,058,604
87$45,312,418$0$0$37,434,815
88$49,826,884$0$0$41,163,286
89$54,798,443$0$0$45,271,692
90$60,273,611$0$0$49,796,313
91$66,303,647$0$0$54,779,513
92$72,945,034$0$0$60,267,975
93$80,260,012$0$0$66,313,140
94$88,317,167$0$0$72,971,693
95$97,192,077$0$0$80,306,099
96$106,968,024$0$0$88,385,191
97$117,736,782$0$0$97,284,817
98$129,599,481$0$0$107,088,562
99$142,667,563$0$0$117,888,531
100$157,063,830$0$0$129,786,220