Can I retire at age 40 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$60,861$60,319$59,790$59,274$58,769$57,256
2 years$30,129$29,568$29,024$28,497$27,985$26,471
3 years$19,887$19,323$18,781$18,258$17,755$16,286
4 years$14,766$14,204$13,667$13,154$12,663$11,252
5 years$11,695$11,136$10,606$10,104$9,626$8,276
6 years$9,648$9,094$8,572$8,080$7,617$6,330
7 years$8,187$7,637$7,123$6,643$6,195$4,970
8 years$7,091$6,546$6,041$5,573$5,139$3,977
9 years$6,239$5,700$5,203$4,747$4,328$3,227
10 years$5,558$5,024$4,536$4,092$3,688$2,646
11 years$5,001$4,473$3,994$3,561$3,171$2,188
12 years$4,538$4,014$3,544$3,123$2,748$1,822
13 years$4,146$3,628$3,166$2,758$2,397$1,525
14 years$3,810$3,298$2,845$2,448$2,101$1,282
15 years$3,519$3,012$2,569$2,183$1,850$1,081
16 years$3,265$2,764$2,329$1,955$1,635$915
17 years$3,041$2,545$2,119$1,756$1,449$776
18 years$2,842$2,352$1,935$1,583$1,289$660
19 years$2,665$2,180$1,771$1,430$1,149$562
20 years$2,505$2,026$1,625$1,295$1,026$479
21 years$2,360$1,887$1,495$1,176$918$409
22 years$2,229$1,761$1,378$1,069$823$349
23 years$2,110$1,647$1,272$973$739$299
24 years$2,001$1,543$1,177$888$664$256
25 years$1,900$1,448$1,090$811$598$219
26 years$1,808$1,361$1,011$741$538$188
27 years$1,722$1,281$939$679$485$161
28 years$1,643$1,207$872$622$438$138
29 years$1,569$1,139$812$570$395$118
30 years$1,500$1,075$756$523$357$102
31 years$1,436$1,017$705$481$323$87
32 years$1,376$962$658$442$292$75
33 years$1,320$911$614$406$264$64
34 years$1,267$863$574$374$239$55
35 years$1,217$819$537$344$217$48
36 years$1,171$777$502$317$196$41
37 years$1,126$738$470$292$178$35
38 years$1,085$702$440$269$161$30
39 years$1,045$667$412$248$146$26
40 years$1,008$635$386$229$133$22
41 years$972$604$362$211$120$19
42 years$938$575$340$195$109$16
43 years$906$548$319$180$99$14
44 years$876$523$299$166$90$12
45 years$847$498$281$153$82$10
46 years$819$475$264$142$74$9
47 years$792$454$248$131$67$8
48 years$767$433$233$121$61$7
49 years$743$414$219$112$56$6
50 years$720$395$206$103$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $737,000, adding $3,654 every year, while hoping to spend $33,353 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: 72/11/17 Blend
39$737,000$737,000$737,000$737,000
40$815,943$776,882$765,459$871,215
41$863,682$779,462$755,614$910,979
42$915,172$781,050$744,322$950,127
43$970,762$781,564$731,499$992,138
44$1,030,832$780,913$717,056$1,037,288
45$1,095,802$779,003$700,903$1,085,883
46$1,166,134$775,734$682,943$1,138,262
47$1,242,334$771,000$663,077$1,194,796
48$1,324,961$764,687$641,198$1,255,896
49$1,414,626$756,676$617,197$1,322,016
50$1,512,004$746,840$590,960$1,393,657
51$1,617,838$735,044$562,366$1,471,369
52$1,732,942$721,145$531,290$1,555,762
53$1,858,214$704,994$497,600$1,647,508
54$1,994,642$686,429$461,160$1,747,348
55$2,143,313$665,281$421,827$1,856,100
56$2,305,423$641,372$379,449$1,974,666
57$2,482,287$614,511$333,873$2,104,041
58$2,675,356$584,497$284,933$2,245,323
59$2,886,224$551,119$232,460$2,399,724
60$3,116,647$514,152$176,276$2,568,579
61$3,368,559$473,359$116,194$2,753,362
62$3,644,086$428,488$52,021$2,955,700
63$3,945,573$379,274$0$3,177,385
64$4,275,600$325,437$0$3,423,382
65$4,637,009$266,681$0$3,703,150
66$5,032,929$202,693$0$4,009,690
67$5,466,804$133,142$0$4,345,698
68$5,942,432$57,680$0$4,714,144
69$6,463,991$0$0$5,118,302
70$7,036,085$0$0$5,564,692
71$7,663,785$0$0$6,062,167
72$8,352,675$0$0$6,608,175
73$9,108,909$0$0$7,207,597
74$9,939,263$0$0$7,865,810
75$10,851,203$0$0$8,588,737
76$11,852,951$0$0$9,382,901
77$12,953,568$0$0$10,255,491
78$14,163,034$0$0$11,214,424
79$15,492,343$0$0$12,268,424
80$16,953,610$0$0$13,427,101
81$18,560,178$0$0$14,701,043
82$20,326,752$0$0$16,101,915
83$22,269,529$0$0$17,642,569
84$24,406,358$0$0$19,337,164
85$26,756,901$0$0$21,201,303
86$29,342,824$0$0$23,252,174
87$32,187,997$0$0$25,508,716
88$35,318,723$0$0$27,991,797
89$38,763,981$0$0$30,724,411
90$42,555,701$0$0$33,731,890
91$46,729,067$0$0$37,042,151
92$51,322,847$0$0$40,685,950
93$56,379,755$0$0$44,697,181
94$61,946,861$0$0$49,113,187
95$68,076,027$0$0$53,975,117
96$74,824,401$0$0$59,328,315
97$82,254,955$0$0$65,222,742
98$90,437,077$0$0$71,713,454
99$99,447,227$0$0$78,861,115
100$109,369,658$0$0$86,732,573