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%12.9%
1 years$60,943$60,400$59,871$59,354$58,849$58,138
2 years$30,170$29,608$29,064$28,536$28,023$27,308
3 years$19,914$19,349$18,806$18,283$17,779$17,081
4 years$14,786$14,224$13,686$13,172$12,680$12,005
5 years$11,711$11,152$10,621$10,117$9,639$8,989
6 years$9,661$9,106$8,583$8,091$7,627$7,003
7 years$8,198$7,647$7,133$6,652$6,203$5,605
8 years$7,100$6,555$6,049$5,580$5,146$4,574
9 years$6,248$5,707$5,210$4,753$4,334$3,787
10 years$5,566$5,031$4,542$4,097$3,693$3,172
11 years$5,008$4,479$3,999$3,566$3,176$2,680
12 years$4,544$4,020$3,549$3,128$2,752$2,280
13 years$4,151$3,633$3,171$2,761$2,400$1,952
14 years$3,815$3,302$2,849$2,451$2,104$1,679
15 years$3,524$3,016$2,572$2,186$1,852$1,450
16 years$3,270$2,768$2,332$1,957$1,637$1,257
17 years$3,045$2,549$2,122$1,759$1,451$1,092
18 years$2,846$2,355$1,937$1,585$1,291$952
19 years$2,668$2,183$1,773$1,432$1,150$831
20 years$2,508$2,028$1,628$1,297$1,027$727
21 years$2,364$1,889$1,497$1,177$919$637
22 years$2,232$1,764$1,380$1,070$824$558
23 years$2,113$1,649$1,274$975$740$490
24 years$2,003$1,545$1,178$889$665$431
25 years$1,903$1,450$1,091$812$598$379
26 years$1,810$1,363$1,012$742$539$334
27 years$1,724$1,283$940$679$486$294
28 years$1,645$1,209$874$623$438$260
29 years$1,571$1,140$813$571$396$229
30 years$1,502$1,077$757$524$358$202
31 years$1,438$1,018$706$481$323$179
32 years$1,378$963$659$442$293$158
33 years$1,322$912$615$407$265$139
34 years$1,269$865$575$374$240$123
35 years$1,219$820$537$344$217$109
36 years$1,172$778$503$317$197$96
37 years$1,128$739$470$292$178$85
38 years$1,086$703$441$269$162$75
39 years$1,046$668$413$248$147$67
40 years$1,009$636$387$229$133$59
41 years$973$605$363$211$121$52
42 years$940$576$340$195$109$46
43 years$907$549$319$180$99$41
44 years$877$523$300$166$90$36
45 years$848$499$281$154$82$32
46 years$820$476$264$142$74$28
47 years$793$454$248$131$67$25
48 years$768$434$233$121$61$22
49 years$744$414$219$112$56$20
50 years$721$396$206$103$51$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $738,000, adding $6,924 every year, while hoping to spend $38,146 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: 45/26/29 Blend
39$738,000$738,000$738,000$738,000
40$820,418$781,304$769,865$850,190
41$863,514$779,001$755,069$869,761
42$909,727$775,306$738,498$886,791
43$959,334$770,112$720,053$904,537
44$1,012,642$763,303$699,630$923,087
45$1,069,984$754,757$677,120$942,541
46$1,131,727$744,345$652,409$963,012
47$1,198,275$731,930$625,376$984,627
48$1,270,071$717,367$595,898$1,007,529
49$1,347,602$700,501$563,844$1,031,878
50$1,431,402$681,170$529,078$1,057,855
51$1,522,060$659,203$491,457$1,085,660
52$1,620,221$634,415$450,832$1,115,522
53$1,726,597$606,614$407,048$1,147,691
54$1,841,968$575,597$359,943$1,182,452
55$1,967,194$541,146$309,346$1,220,122
56$2,103,219$503,033$255,080$1,261,052
57$2,251,082$461,017$196,960$1,305,638
58$2,411,928$414,843$134,794$1,354,320
59$2,587,014$364,239$68,379$1,407,586
60$2,777,725$308,922$0$1,465,983
61$2,985,583$248,590$0$1,530,890
62$3,212,266$182,924$0$1,624,842
63$3,459,618$111,588$0$1,727,481
64$3,729,670$34,227$0$1,839,715
65$4,024,659$0$0$1,962,552
66$4,347,045$0$0$2,111,274
67$4,699,539$0$0$2,284,676
68$5,085,123$0$0$2,474,444
69$5,507,084$0$0$2,682,205
70$5,969,037$0$0$2,909,752
71$6,474,968$0$0$3,159,059
72$7,029,261$0$0$3,432,299
73$7,636,748$0$0$3,731,866
74$8,302,750$0$0$4,060,398
75$9,033,127$0$0$4,420,798
76$9,834,332$0$0$4,816,265
77$10,713,474$0$0$5,250,324
78$11,678,384$0$0$5,726,854
79$12,737,687$0$0$6,250,132
80$13,900,885$0$0$6,824,868
81$15,178,443$0$0$7,456,249
82$16,581,892$0$0$8,149,991
83$18,123,933$0$0$8,912,390
84$19,818,559$0$0$9,750,384
85$21,681,185$0$0$10,671,615
86$23,728,794$0$0$11,684,501
87$25,980,098$0$0$12,798,321
88$28,455,710$0$0$14,023,293
89$31,178,342$0$0$15,370,678
90$34,173,018$0$0$16,852,881
91$37,467,307$0$0$18,483,573
92$41,091,585$0$0$20,277,814
93$45,079,322$0$0$22,252,199
94$49,467,395$0$0$24,425,011
95$54,296,435$0$0$26,816,397
96$59,611,214$0$0$29,448,556
97$65,461,061$0$0$32,345,947
98$71,900,332$0$0$35,535,521
99$78,988,920$0$0$39,046,976
100$86,792,818$0$0$42,913,035