Can I retire at age 40 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$61,026$60,482$59,952$59,434$58,929$57,857
2 years$30,211$29,648$29,103$28,574$28,061$26,986
3 years$19,941$19,375$18,832$18,308$17,803$16,757
4 years$14,806$14,243$13,705$13,190$12,697$11,689
5 years$11,727$11,167$10,635$10,131$9,652$8,684
6 years$9,674$9,118$8,595$8,102$7,638$6,710
7 years$8,209$7,658$7,142$6,661$6,211$5,326
8 years$7,110$6,564$6,057$5,588$5,153$4,309
9 years$6,256$5,715$5,217$4,759$4,340$3,536
10 years$5,573$5,038$4,548$4,103$3,698$2,934
11 years$5,015$4,485$4,004$3,571$3,180$2,456
12 years$4,550$4,025$3,554$3,132$2,756$2,070
13 years$4,157$3,638$3,175$2,765$2,403$1,755
14 years$3,820$3,307$2,853$2,454$2,106$1,494
15 years$3,529$3,021$2,576$2,189$1,855$1,277
16 years$3,274$2,771$2,335$1,960$1,639$1,095
17 years$3,049$2,552$2,125$1,761$1,453$942
18 years$2,850$2,358$1,940$1,587$1,292$812
19 years$2,672$2,186$1,776$1,434$1,152$701
20 years$2,512$2,031$1,630$1,299$1,029$606
21 years$2,367$1,892$1,499$1,179$921$525
22 years$2,235$1,766$1,382$1,072$825$455
23 years$2,116$1,652$1,276$976$741$395
24 years$2,006$1,548$1,180$890$666$344
25 years$1,905$1,452$1,093$813$599$299
26 years$1,812$1,365$1,013$743$540$260
27 years$1,727$1,285$941$680$487$226
28 years$1,647$1,210$875$623$439$197
29 years$1,573$1,142$814$572$396$172
30 years$1,504$1,078$758$525$358$150
31 years$1,440$1,019$707$482$324$131
32 years$1,380$965$660$443$293$114
33 years$1,323$913$616$407$265$99
34 years$1,270$866$575$375$240$87
35 years$1,221$821$538$345$217$76
36 years$1,174$779$503$318$197$66
37 years$1,129$740$471$293$179$58
38 years$1,088$704$441$270$162$50
39 years$1,048$669$413$249$147$44
40 years$1,010$636$387$229$133$39
41 years$975$606$363$212$121$34
42 years$941$577$341$195$110$29
43 years$909$550$320$180$99$26
44 years$878$524$300$167$90$22
45 years$849$500$282$154$82$20
46 years$821$477$265$142$74$17
47 years$794$455$249$131$68$15
48 years$769$434$234$121$61$13
49 years$745$415$220$112$56$11
50 years$722$396$206$104$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $739,000, adding $4,070 every year, while hoping to spend $56,187 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: 80/13/7 Blend
39$739,000$739,000$739,000$739,000
40$818,576$779,409$767,955$883,123
41$842,288$757,818$733,899$904,398
42$866,536$733,285$696,819$919,917
43$891,315$705,608$656,554$935,250
44$916,617$674,571$612,937$950,349
45$942,433$639,946$565,791$965,163
46$968,751$601,493$514,935$979,635
47$995,554$558,957$460,176$993,701
48$1,022,823$512,068$401,314$1,007,293
49$1,050,533$460,542$338,140$1,020,337
50$1,078,657$404,077$270,437$1,032,750
51$1,107,159$342,357$197,976$1,044,444
52$1,136,001$275,044$120,520$1,055,320
53$1,165,136$201,784$37,820$1,065,271
54$1,194,511$122,202$0$1,074,181
55$1,224,063$35,902$0$1,085,689
56$1,253,723$0$0$1,099,147
57$1,283,409$0$0$1,119,828
58$1,313,031$0$0$1,145,576
59$1,342,483$0$0$1,171,163
60$1,371,648$0$0$1,196,485
61$1,400,394$0$0$1,221,425
62$1,428,570$0$0$1,245,851
63$1,456,007$0$0$1,269,612
64$1,482,518$0$0$1,292,543
65$1,507,890$0$0$1,314,456
66$1,531,886$0$0$1,335,141
67$1,554,240$0$0$1,354,365
68$1,574,657$0$0$1,371,864
69$1,592,805$0$0$1,387,349
70$1,608,317$0$0$1,400,493
71$1,620,782$0$0$1,410,934
72$1,629,744$0$0$1,418,269
73$1,634,694$0$0$1,422,051
74$1,635,069$0$0$1,421,780
75$1,630,242$0$0$1,416,903
76$1,619,517$0$0$1,406,808
77$1,602,122$0$0$1,390,812
78$1,577,201$0$0$1,368,161
79$1,543,806$0$0$1,338,018
80$1,500,885$0$0$1,299,454
81$1,447,274$0$0$1,251,443
82$1,381,683$0$0$1,192,847
83$1,302,686$0$0$1,122,408
84$1,208,703$0$0$1,038,733
85$1,097,989$0$0$940,281
86$968,610$0$0$825,348
87$818,431$0$0$692,050
88$645,091$0$0$538,305
89$445,981$0$0$361,812
90$218,217$0$0$160,027
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0