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%12.8%
1 years$60,613$60,073$59,546$59,032$58,530$57,847
2 years$30,006$29,448$28,906$28,381$27,872$27,184
3 years$19,806$19,244$18,704$18,184$17,683$17,012
4 years$14,706$14,147$13,612$13,100$12,612$11,963
5 years$11,647$11,091$10,563$10,062$9,587$8,962
6 years$9,609$9,057$8,537$8,047$7,586$6,986
7 years$8,153$7,606$7,094$6,616$6,169$5,594
8 years$7,062$6,520$6,016$5,550$5,118$4,568
9 years$6,214$5,676$5,182$4,727$4,310$3,784
10 years$5,536$5,004$4,518$4,075$3,672$3,171
11 years$4,981$4,454$3,977$3,546$3,158$2,681
12 years$4,519$3,998$3,530$3,111$2,737$2,283
13 years$4,129$3,613$3,154$2,746$2,387$1,955
14 years$3,794$3,284$2,834$2,438$2,092$1,683
15 years$3,505$3,000$2,558$2,174$1,842$1,455
16 years$3,252$2,753$2,319$1,947$1,628$1,261
17 years$3,029$2,535$2,111$1,749$1,444$1,097
18 years$2,831$2,342$1,927$1,576$1,284$957
19 years$2,654$2,171$1,764$1,424$1,144$836
20 years$2,495$2,017$1,619$1,290$1,022$732
21 years$2,351$1,879$1,489$1,171$914$641
22 years$2,220$1,754$1,372$1,064$820$563
23 years$2,101$1,641$1,267$969$736$495
24 years$1,992$1,537$1,172$884$661$435
25 years$1,892$1,442$1,085$807$595$383
26 years$1,800$1,356$1,007$738$536$338
27 years$1,715$1,276$935$676$483$298
28 years$1,636$1,202$869$619$436$263
29 years$1,563$1,134$809$568$394$232
30 years$1,494$1,071$753$521$356$205
31 years$1,430$1,013$702$479$322$181
32 years$1,370$958$655$440$291$160
33 years$1,314$907$612$404$263$142
34 years$1,262$860$572$372$238$125
35 years$1,212$816$534$343$216$111
36 years$1,166$774$500$316$196$98
37 years$1,122$735$468$291$177$87
38 years$1,080$699$438$268$161$77
39 years$1,041$664$410$247$146$68
40 years$1,003$632$385$228$132$60
41 years$968$602$361$210$120$53
42 years$934$573$338$194$109$47
43 years$903$546$318$179$99$42
44 years$872$521$298$165$90$37
45 years$843$496$280$153$81$33
46 years$815$473$263$141$74$29
47 years$789$452$247$130$67$26
48 years$764$431$232$120$61$23
49 years$740$412$218$111$55$20
50 years$717$393$205$103$50$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $734,000, adding $3,861 every year, while hoping to spend $50,871 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: 61/30/9 Blend
39$734,000$734,000$734,000$734,000
40$812,851$773,949$762,572$860,588
41$841,635$757,746$733,991$876,825
42$871,650$739,044$702,749$888,347
43$902,969$717,667$668,701$899,646
44$935,668$693,429$631,698$910,702
45$969,830$666,131$591,585$921,495
46$1,005,547$635,566$548,197$932,005
47$1,042,917$601,513$501,366$942,212
48$1,082,044$563,737$450,911$952,097
49$1,123,044$521,991$396,648$961,643
50$1,166,041$476,015$338,382$970,832
51$1,211,170$425,532$275,910$979,651
52$1,258,576$370,251$209,021$988,086
53$1,308,420$309,862$137,492$996,126
54$1,360,875$244,041$61,094$1,003,765
55$1,416,128$172,443$0$1,010,997
56$1,474,385$94,705$0$1,019,787
57$1,535,869$10,442$0$1,034,565
58$1,600,824$0$0$1,049,495
59$1,669,516$0$0$1,091,277
60$1,742,235$0$0$1,139,183
61$1,819,298$0$0$1,189,979
62$1,901,051$0$0$1,243,896
63$1,987,872$0$0$1,301,187
64$2,080,176$0$0$1,362,130
65$2,178,416$0$0$1,427,028
66$2,283,087$0$0$1,496,213
67$2,394,732$0$0$1,570,050
68$2,513,946$0$0$1,648,937
69$2,641,381$0$0$1,733,310
70$2,777,752$0$0$1,823,649
71$2,923,841$0$0$1,920,479
72$3,080,508$0$0$2,024,377
73$3,248,696$0$0$2,135,975
74$3,429,439$0$0$2,255,966
75$3,623,873$0$0$2,385,114
76$3,833,246$0$0$2,524,254
77$4,058,926$0$0$2,674,306
78$4,302,419$0$0$2,836,280
79$4,565,376$0$0$3,011,284
80$4,849,615$0$0$3,200,539
81$5,157,131$0$0$3,405,384
82$5,490,118$0$0$3,627,292
83$5,850,989$0$0$3,867,884
84$6,242,397$0$0$4,128,940
85$6,667,259$0$0$4,412,420
86$7,128,782$0$0$4,720,478
87$7,630,498$0$0$5,055,485
88$8,176,287$0$0$5,420,048
89$8,770,423$0$0$5,817,037
90$9,417,605$0$0$6,249,610
91$10,123,007$0$0$6,721,240
92$10,892,321$0$0$7,235,754
93$11,731,814$0$0$7,797,359
94$12,648,381$0$0$8,410,691
95$13,649,616$0$0$9,080,849
96$14,743,877$0$0$9,813,450
97$15,940,365$0$0$10,614,677
98$17,249,212$0$0$11,491,336
99$18,681,575$0$0$12,450,925
100$20,249,735$0$0$13,501,697