Can I retire at age 40 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$60,613$60,073$59,546$59,032$58,530$58,284
2 years$30,006$29,448$28,906$28,381$27,872$27,623
3 years$19,806$19,244$18,704$18,184$17,683$17,439
4 years$14,706$14,147$13,612$13,100$12,612$12,375
5 years$11,647$11,091$10,563$10,062$9,587$9,359
6 years$9,609$9,057$8,537$8,047$7,586$7,366
7 years$8,153$7,606$7,094$6,616$6,169$5,957
8 years$7,062$6,520$6,016$5,550$5,118$4,915
9 years$6,214$5,676$5,182$4,727$4,310$4,115
10 years$5,536$5,004$4,518$4,075$3,672$3,485
11 years$4,981$4,454$3,977$3,546$3,158$2,980
12 years$4,519$3,998$3,530$3,111$2,737$2,566
13 years$4,129$3,613$3,154$2,746$2,387$2,224
14 years$3,794$3,284$2,834$2,438$2,092$1,937
15 years$3,505$3,000$2,558$2,174$1,842$1,694
16 years$3,252$2,753$2,319$1,947$1,628$1,487
17 years$3,029$2,535$2,111$1,749$1,444$1,310
18 years$2,831$2,342$1,927$1,576$1,284$1,157
19 years$2,654$2,171$1,764$1,424$1,144$1,024
20 years$2,495$2,017$1,619$1,290$1,022$908
21 years$2,351$1,879$1,489$1,171$914$807
22 years$2,220$1,754$1,372$1,064$820$718
23 years$2,101$1,641$1,267$969$736$639
24 years$1,992$1,537$1,172$884$661$570
25 years$1,892$1,442$1,085$807$595$509
26 years$1,800$1,356$1,007$738$536$455
27 years$1,715$1,276$935$676$483$407
28 years$1,636$1,202$869$619$436$365
29 years$1,563$1,134$809$568$394$327
30 years$1,494$1,071$753$521$356$293
31 years$1,430$1,013$702$479$322$263
32 years$1,370$958$655$440$291$236
33 years$1,314$907$612$404$263$212
34 years$1,262$860$572$372$238$190
35 years$1,212$816$534$343$216$171
36 years$1,166$774$500$316$196$153
37 years$1,122$735$468$291$177$138
38 years$1,080$699$438$268$161$124
39 years$1,041$664$410$247$146$111
40 years$1,003$632$385$228$132$100
41 years$968$602$361$210$120$90
42 years$934$573$338$194$109$81
43 years$903$546$318$179$99$73
44 years$872$521$298$165$90$66
45 years$843$496$280$153$81$59
46 years$815$473$263$141$74$53
47 years$789$452$247$130$67$48
48 years$764$431$232$120$61$43
49 years$740$412$218$111$55$39
50 years$717$393$205$103$50$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $734,000, adding $5,792 every year, while hoping to spend $27,416 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: 62/26/12 Blend
39$734,000$734,000$734,000$734,000
40$814,842$775,940$764,563$862,706
41$868,786$784,791$761,006$904,347
42$927,313$793,157$756,410$946,120
43$990,862$800,984$750,713$991,043
44$1,059,915$808,218$743,847$1,039,423
45$1,135,003$814,797$735,743$1,091,596
46$1,216,710$820,659$726,327$1,147,935
47$1,305,678$825,735$715,522$1,208,852
48$1,402,614$829,952$703,249$1,274,799
49$1,508,295$833,235$689,423$1,346,277
50$1,623,579$835,501$673,956$1,423,838
51$1,749,407$836,663$656,756$1,508,089
52$1,886,816$836,630$637,727$1,599,704
53$2,036,948$835,302$616,768$1,699,422
54$2,201,061$832,576$593,774$1,808,062
55$2,380,538$828,341$568,635$1,926,525
56$2,576,904$822,480$541,235$2,055,807
57$2,791,835$814,869$511,453$2,197,004
58$3,027,181$805,375$479,165$2,351,329
59$3,284,974$793,860$444,238$2,520,116
60$3,567,457$780,175$406,536$2,704,840
61$3,877,097$764,162$365,914$2,907,125
62$4,216,611$745,657$322,222$3,128,766
63$4,588,994$724,482$275,305$3,371,739
64$4,997,541$700,452$224,998$3,638,228
65$5,445,885$673,369$171,130$3,930,637
66$5,938,026$643,025$113,524$4,251,622
67$6,478,370$609,198$51,992$4,604,109
68$7,071,772$571,657$0$4,991,328
69$7,723,577$530,152$0$5,418,590
70$8,439,677$484,425$0$5,895,290
71$9,226,560$434,198$0$6,419,122
72$10,091,375$379,180$0$6,994,890
73$11,041,998$319,062$0$7,627,892
74$12,087,106$253,521$0$8,323,966
75$13,236,258$182,210$0$9,089,551
76$14,499,986$104,768$0$9,931,743
77$15,889,893$20,810$0$10,858,365
78$17,418,765$0$0$11,878,041
79$19,100,686$0$0$13,020,327
80$20,951,178$0$0$14,283,711
81$22,987,340$0$0$15,673,922
82$25,228,013$0$0$17,203,834
83$27,693,958$0$0$18,887,628
84$30,408,049$0$0$20,740,932
85$33,395,490$0$0$22,780,967
86$36,684,054$0$0$25,026,706
87$40,304,341$0$0$27,499,056
88$44,290,071$0$0$30,221,054
89$48,678,398$0$0$33,218,084
90$53,510,262$0$0$36,518,117
91$58,830,777$0$0$40,151,975
92$64,689,652$0$0$44,153,621
93$71,141,663$0$0$48,560,477
94$78,247,170$0$0$53,413,784
95$86,072,684$0$0$58,758,982
96$94,691,496$0$0$64,646,145
97$104,184,368$0$0$71,130,453
98$114,640,294$0$0$78,272,707
99$126,157,343$0$0$86,139,910
100$138,843,578$0$0$94,805,895