Can I retire at age 40 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$60,943$60,400$59,871$59,354$58,849$56,537
2 years$30,170$29,608$29,064$28,536$28,023$25,722
3 years$19,914$19,349$18,806$18,283$17,779$15,561
4 years$14,786$14,224$13,686$13,172$12,680$10,562
5 years$11,711$11,152$10,621$10,117$9,639$7,627
6 years$9,661$9,106$8,583$8,091$7,627$5,722
7 years$8,198$7,647$7,133$6,652$6,203$4,404
8 years$7,100$6,555$6,049$5,580$5,146$3,452
9 years$6,248$5,707$5,210$4,753$4,334$2,742
10 years$5,566$5,031$4,542$4,097$3,693$2,200
11 years$5,008$4,479$3,999$3,566$3,176$1,778
12 years$4,544$4,020$3,549$3,128$2,752$1,446
13 years$4,151$3,633$3,171$2,761$2,400$1,182
14 years$3,815$3,302$2,849$2,451$2,104$970
15 years$3,524$3,016$2,572$2,186$1,852$798
16 years$3,270$2,768$2,332$1,957$1,637$658
17 years$3,045$2,549$2,122$1,759$1,451$544
18 years$2,846$2,355$1,937$1,585$1,291$451
19 years$2,668$2,183$1,773$1,432$1,150$374
20 years$2,508$2,028$1,628$1,297$1,027$310
21 years$2,364$1,889$1,497$1,177$919$258
22 years$2,232$1,764$1,380$1,070$824$214
23 years$2,113$1,649$1,274$975$740$178
24 years$2,003$1,545$1,178$889$665$149
25 years$1,903$1,450$1,091$812$598$124
26 years$1,810$1,363$1,012$742$539$103
27 years$1,724$1,283$940$679$486$86
28 years$1,645$1,209$874$623$438$72
29 years$1,571$1,140$813$571$396$60
30 years$1,502$1,077$757$524$358$50
31 years$1,438$1,018$706$481$323$42
32 years$1,378$963$659$442$293$35
33 years$1,322$912$615$407$265$29
34 years$1,269$865$575$374$240$24
35 years$1,219$820$537$344$217$20
36 years$1,172$778$503$317$197$17
37 years$1,128$739$470$292$178$14
38 years$1,086$703$441$269$162$12
39 years$1,046$668$413$248$147$10
40 years$1,009$636$387$229$133$8
41 years$973$605$363$211$121$7
42 years$940$576$340$195$109$6
43 years$907$549$319$180$99$5
44 years$877$523$300$166$90$4
45 years$848$499$281$154$82$3
46 years$820$476$264$142$74$3
47 years$793$454$248$131$67$2
48 years$768$434$233$121$61$2
49 years$744$414$219$112$56$2
50 years$721$396$206$103$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $738,000, adding $6,331 every year, while hoping to spend $20,135 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: 34/49/17 Blend
39$738,000$738,000$738,000$738,000
40$819,806$780,692$769,253$843,182
41$882,003$797,523$773,600$877,701
42$949,869$814,503$777,417$912,571
43$1,023,961$831,619$780,666$949,745
44$1,104,893$848,856$783,306$989,439
45$1,193,339$866,197$785,294$1,031,888
46$1,290,043$883,624$786,584$1,077,354
47$1,395,822$901,116$787,130$1,126,125
48$1,511,578$918,653$786,880$1,178,520
49$1,638,302$936,211$785,785$1,234,887
50$1,777,088$953,764$783,787$1,295,614
51$1,929,137$971,285$780,830$1,361,128
52$2,095,776$988,744$776,855$1,431,899
53$2,278,462$1,006,109$771,796$1,508,446
54$2,478,803$1,023,347$765,590$1,591,343
55$2,698,569$1,040,419$758,165$1,681,221
56$2,939,709$1,057,286$749,450$1,778,777
57$3,204,371$1,073,905$739,368$1,884,780
58$3,494,921$1,090,229$727,840$2,000,080
59$3,813,963$1,106,210$714,783$2,125,613
60$4,164,367$1,121,795$700,109$2,262,411
61$4,549,297$1,136,927$683,726$2,411,615
62$4,972,234$1,151,546$665,540$2,574,481
63$5,437,017$1,165,587$645,451$2,752,396
64$5,947,873$1,178,980$623,353$2,946,892
65$6,509,458$1,191,653$599,138$3,159,655
66$7,126,905$1,203,526$572,691$3,392,547
67$7,805,866$1,214,515$543,893$3,647,624
68$8,552,570$1,224,532$512,619$3,927,150
69$9,373,878$1,233,480$478,738$4,233,625
70$10,277,351$1,241,258$442,113$4,569,805
71$11,271,320$1,247,759$402,603$4,938,732
72$12,364,963$1,252,867$360,059$5,343,759
73$13,568,392$1,256,461$314,323$5,788,585
74$14,892,751$1,258,410$265,236$6,277,290
75$16,350,316$1,258,576$212,625$6,814,374
76$17,954,615$1,256,814$156,316$7,404,798
77$19,720,555$1,252,967$96,121$8,054,036
78$21,664,560$1,246,870$31,850$8,768,122
79$23,804,727$1,238,349$0$9,553,713
80$26,160,998$1,227,217$0$10,424,811
81$28,755,347$1,213,278$0$11,389,445
82$31,611,986$1,196,322$0$12,450,796
83$34,757,596$1,176,129$0$13,618,746
84$38,221,575$1,152,464$0$14,904,189
85$42,036,319$1,125,078$0$16,319,135
86$46,237,526$1,093,709$0$17,876,826
87$50,864,531$1,058,078$0$19,591,854
88$55,960,680$1,017,891$0$21,480,310
89$61,573,737$972,836$0$23,559,928
90$67,756,336$922,582$0$25,850,261
91$74,566,475$866,781$0$28,372,858
92$82,068,067$805,065$0$31,151,478
93$90,331,539$737,042$0$34,212,306
94$99,434,500$662,301$0$37,584,209
95$109,462,471$580,406$0$41,299,005
96$120,509,693$490,896$0$45,391,768
97$132,680,016$393,285$0$49,901,158
98$146,087,880$287,058$0$54,869,788
99$160,859,393$171,673$0$60,344,629
100$177,133,522$46,556$0$66,377,455