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%19.5%
1 years$60,448$59,909$59,384$58,871$58,371$56,143
2 years$29,925$29,367$28,827$28,304$27,796$25,578
3 years$19,752$19,192$18,653$18,134$17,635$15,496
4 years$14,666$14,108$13,575$13,065$12,577$10,534
5 years$11,616$11,061$10,535$10,035$9,561$7,619
6 years$9,583$9,032$8,513$8,025$7,565$5,726
7 years$8,131$7,585$7,075$6,598$6,153$4,415
8 years$7,043$6,502$6,000$5,535$5,104$3,466
9 years$6,197$5,661$5,168$4,714$4,298$2,758
10 years$5,520$4,990$4,505$4,064$3,662$2,217
11 years$4,967$4,442$3,966$3,537$3,150$1,796
12 years$4,507$3,987$3,520$3,102$2,730$1,464
13 years$4,118$3,603$3,145$2,739$2,380$1,199
14 years$3,784$3,275$2,826$2,431$2,087$985
15 years$3,495$2,992$2,551$2,168$1,837$813
16 years$3,243$2,745$2,313$1,941$1,624$672
17 years$3,021$2,528$2,105$1,744$1,440$557
18 years$2,823$2,336$1,921$1,572$1,280$462
19 years$2,647$2,165$1,759$1,420$1,141$384
20 years$2,488$2,012$1,614$1,286$1,019$319
21 years$2,344$1,874$1,485$1,168$912$266
22 years$2,214$1,749$1,369$1,062$817$222
23 years$2,096$1,636$1,264$967$734$185
24 years$1,987$1,533$1,169$882$660$154
25 years$1,887$1,439$1,082$805$594$129
26 years$1,795$1,352$1,004$736$535$108
27 years$1,710$1,272$932$674$482$90
28 years$1,631$1,199$867$617$435$75
29 years$1,558$1,131$806$566$393$63
30 years$1,490$1,068$751$520$355$53
31 years$1,426$1,010$700$477$321$44
32 years$1,367$955$653$439$290$37
33 years$1,311$905$610$403$263$31
34 years$1,258$858$570$371$238$26
35 years$1,209$813$533$342$215$21
36 years$1,163$772$499$315$195$18
37 years$1,119$733$467$290$177$15
38 years$1,077$697$437$267$160$13
39 years$1,038$663$409$246$145$11
40 years$1,001$630$384$227$132$9
41 years$965$600$360$210$120$7
42 years$932$572$338$194$109$6
43 years$900$545$317$179$99$5
44 years$870$519$297$165$89$4
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$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $732,000, adding $5,559 every year, while hoping to spend $29,183 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: 66/23/11 Blend
39$732,000$732,000$732,000$732,000
40$812,398$773,602$762,256$863,706
41$864,212$780,458$756,741$905,445
42$920,333$786,672$750,063$947,083
43$981,170$792,181$742,153$991,844
44$1,047,171$796,920$732,937$1,040,029
45$1,118,831$800,818$722,339$1,091,972
46$1,196,693$803,799$710,278$1,148,042
47$1,281,354$805,784$696,672$1,208,644
48$1,373,473$806,688$681,431$1,274,227
49$1,473,773$806,421$664,464$1,345,284
50$1,583,050$804,888$645,676$1,422,360
51$1,702,180$801,987$624,965$1,506,058
52$1,832,128$797,609$602,227$1,597,040
53$1,973,954$791,642$577,351$1,696,039
54$2,128,828$783,963$550,223$1,803,861
55$2,298,035$774,443$520,722$1,921,399
56$2,482,992$762,948$488,723$2,049,634
57$2,685,256$749,332$454,094$2,189,651
58$2,906,545$733,442$416,699$2,342,646
59$3,148,748$715,116$376,394$2,509,939
60$3,413,947$694,183$333,030$2,692,983
61$3,704,433$670,461$286,449$2,893,385
62$4,022,729$643,758$236,490$3,112,916
63$4,371,616$613,871$182,981$3,353,529
64$4,754,154$580,584$125,744$3,617,378
65$5,173,715$543,670$64,594$3,906,839
66$5,634,012$502,888$0$4,224,533
67$6,139,136$457,984$0$4,573,430
68$6,693,592$408,689$0$4,964,735
69$7,302,343$354,719$0$5,394,399
70$7,970,855$295,774$0$5,866,326
71$8,705,151$231,536$0$6,384,820
72$9,511,866$161,670$0$6,954,626
73$10,398,307$85,823$0$7,580,972
74$11,372,527$3,620$0$8,269,625
75$12,443,395$0$0$9,026,942
76$13,620,684$0$0$9,881,526
77$14,915,160$0$0$10,822,235
78$16,338,686$0$0$11,856,779
79$17,904,330$0$0$12,994,663
80$19,626,491$0$0$14,246,359
81$21,521,035$0$0$15,623,404
82$23,605,440$0$0$17,138,512
83$25,898,966$0$0$18,805,688
84$28,422,833$0$0$20,640,366
85$31,200,423$0$0$22,659,551
86$34,257,499$0$0$24,881,979
87$37,622,448$0$0$27,328,297
88$41,326,548$0$0$30,021,252
89$45,404,264$0$0$32,985,911
90$49,893,573$0$0$36,249,894
91$54,836,322$0$0$39,843,634
92$60,278,619$0$0$43,800,668
93$66,271,273$0$0$48,157,949
94$72,870,272$0$0$52,956,195
95$80,137,308$0$0$58,240,275
96$88,140,360$0$0$64,059,631
97$96,954,339$0$0$70,468,746
98$106,661,789$0$0$77,527,654
99$117,353,670$0$0$85,302,510
100$129,130,212$0$0$93,866,213