Can I retire at age 40 with 740,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$61,109$60,564$60,033$59,515$59,009$58,199
2 years$30,252$29,688$29,142$28,613$28,099$27,285
3 years$19,967$19,402$18,857$18,333$17,827$17,034
4 years$14,826$14,262$13,723$13,208$12,715$11,948
5 years$11,743$11,182$10,650$10,145$9,665$8,928
6 years$9,687$9,131$8,607$8,113$7,648$6,940
7 years$8,220$7,668$7,152$6,670$6,220$5,542
8 years$7,120$6,573$6,066$5,595$5,160$4,512
9 years$6,265$5,723$5,224$4,766$4,345$3,727
10 years$5,581$5,044$4,555$4,108$3,703$3,114
11 years$5,022$4,491$4,010$3,575$3,184$2,624
12 years$4,556$4,031$3,559$3,136$2,759$2,228
13 years$4,163$3,643$3,179$2,769$2,406$1,902
14 years$3,826$3,311$2,857$2,458$2,109$1,632
15 years$3,534$3,025$2,579$2,192$1,857$1,405
16 years$3,278$2,775$2,338$1,963$1,641$1,214
17 years$3,054$2,556$2,128$1,763$1,455$1,053
18 years$2,854$2,362$1,942$1,589$1,294$914
19 years$2,675$2,189$1,778$1,436$1,153$796
20 years$2,515$2,034$1,632$1,301$1,030$694
21 years$2,370$1,894$1,501$1,180$922$606
22 years$2,238$1,768$1,383$1,073$826$530
23 years$2,119$1,654$1,277$977$742$464
24 years$2,009$1,550$1,181$891$667$407
25 years$1,908$1,454$1,094$814$600$357
26 years$1,815$1,367$1,015$744$540$313
27 years$1,729$1,286$942$681$487$275
28 years$1,649$1,212$876$624$440$242
29 years$1,575$1,143$815$572$397$213
30 years$1,506$1,080$759$525$359$187
31 years$1,442$1,021$708$483$324$165
32 years$1,382$966$661$443$293$145
33 years$1,325$915$617$408$266$128
34 years$1,272$867$576$375$240$113
35 years$1,222$822$539$345$218$99
36 years$1,175$780$504$318$197$87
37 years$1,131$741$472$293$179$77
38 years$1,089$704$442$270$162$68
39 years$1,049$670$414$249$147$60
40 years$1,012$637$388$230$133$53
41 years$976$607$364$212$121$47
42 years$942$578$341$196$110$41
43 years$910$551$320$181$100$36
44 years$879$525$301$167$90$32
45 years$850$500$282$154$82$28
46 years$822$477$265$142$75$25
47 years$796$456$249$131$68$22
48 years$770$435$234$121$61$19
49 years$746$415$220$112$56$17
50 years$722$397$207$104$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $740,000, adding $6,735 every year, while hoping to spend $45,352 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: 70/5/25 Blend
39$740,000$740,000$740,000$740,000
40$822,427$783,207$771,737$874,326
41$858,061$773,330$749,336$900,047
42$895,809$761,449$724,665$922,293
43$935,839$747,418$697,599$945,572
44$978,335$731,082$668,009$969,984
45$1,023,498$712,278$635,760$995,641
46$1,071,546$690,831$600,710$1,022,666
47$1,122,721$666,558$562,710$1,051,197
48$1,177,284$639,266$521,607$1,081,386
49$1,235,524$608,747$477,238$1,113,403
50$1,297,757$574,785$429,434$1,147,437
51$1,364,328$537,149$378,020$1,183,697
52$1,435,616$495,596$322,811$1,222,416
53$1,512,038$449,870$263,614$1,263,850
54$1,594,050$399,697$200,229$1,308,286
55$1,682,152$344,791$132,446$1,356,042
56$1,776,894$284,848$60,045$1,407,468
57$1,878,879$219,548$0$1,462,955
58$1,988,770$148,551$0$1,527,528
59$2,107,295$71,500$0$1,614,463
60$2,235,253$0$0$1,708,323
61$2,373,523$0$0$1,810,424
62$2,523,069$0$0$1,925,138
63$2,684,954$0$0$2,049,350
64$2,860,344$0$0$2,183,958
65$3,050,522$0$0$2,329,952
66$3,256,899$0$0$2,488,420
67$3,481,025$0$0$2,660,556
68$3,724,608$0$0$2,847,678
69$3,989,524$0$0$3,051,231
70$4,277,840$0$0$3,272,810
71$4,591,827$0$0$3,514,166
72$4,933,987$0$0$3,777,227
73$5,307,072$0$0$4,064,116
74$5,714,111$0$0$4,377,168
75$6,158,438$0$0$4,718,955
76$6,643,723$0$0$5,092,306
77$7,174,006$0$0$5,500,338
78$7,753,737$0$0$5,946,481
79$8,387,811$0$0$6,434,511
80$9,081,621$0$0$6,968,587
81$9,841,104$0$0$7,553,288
82$10,672,800$0$0$8,193,657
83$11,583,908$0$0$8,895,246
84$12,582,356$0$0$9,664,171
85$13,676,879$0$0$10,507,167
86$14,877,093$0$0$11,431,652
87$16,193,592$0$0$12,445,796
88$17,638,043$0$0$13,558,599
89$19,223,298$0$0$14,779,972
90$20,963,515$0$0$16,120,835
91$22,874,285$0$0$17,593,215
92$24,972,788$0$0$19,210,362
93$27,277,946$0$0$20,986,871
94$29,810,604$0$0$22,938,821
95$32,593,729$0$0$25,083,925
96$35,652,619$0$0$27,441,698
97$39,015,147$0$0$30,033,639
98$42,712,021$0$0$32,883,435
99$46,777,073$0$0$36,017,180
100$51,247,574$0$0$39,463,625