Can I retire at age 40 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$61,356$60,810$60,277$59,756$59,248$58,459
2 years$30,374$29,809$29,260$28,729$28,213$27,420
3 years$20,048$19,480$18,933$18,407$17,900$17,126
4 years$14,886$14,320$13,779$13,261$12,766$12,019
5 years$11,790$11,227$10,693$10,186$9,705$8,985
6 years$9,727$9,168$8,641$8,146$7,679$6,989
7 years$8,253$7,699$7,181$6,697$6,245$5,584
8 years$7,149$6,600$6,090$5,618$5,181$4,549
9 years$6,290$5,746$5,245$4,785$4,363$3,760
10 years$5,603$5,065$4,573$4,125$3,718$3,143
11 years$5,042$4,509$4,026$3,590$3,197$2,651
12 years$4,575$4,047$3,573$3,149$2,771$2,251
13 years$4,179$3,657$3,192$2,780$2,416$1,923
14 years$3,841$3,324$2,868$2,468$2,118$1,651
15 years$3,548$3,037$2,590$2,201$1,865$1,423
16 years$3,292$2,786$2,348$1,971$1,648$1,231
17 years$3,066$2,566$2,136$1,771$1,461$1,067
18 years$2,865$2,371$1,950$1,596$1,299$928
19 years$2,686$2,198$1,785$1,442$1,158$808
20 years$2,525$2,042$1,639$1,306$1,034$705
21 years$2,380$1,902$1,507$1,185$926$617
22 years$2,248$1,776$1,389$1,078$830$540
23 years$2,127$1,661$1,283$981$745$473
24 years$2,017$1,556$1,186$895$669$415
25 years$1,916$1,460$1,099$817$602$364
26 years$1,822$1,372$1,019$747$543$320
27 years$1,736$1,292$946$684$489$281
28 years$1,656$1,217$880$627$441$247
29 years$1,582$1,148$819$575$399$218
30 years$1,512$1,084$762$527$360$192
31 years$1,448$1,025$711$484$326$169
32 years$1,387$970$663$445$295$149
33 years$1,331$918$619$409$267$131
34 years$1,277$870$579$377$241$116
35 years$1,227$826$541$347$219$102
36 years$1,180$784$506$319$198$90
37 years$1,136$744$474$294$180$79
38 years$1,093$707$444$271$163$70
39 years$1,054$673$416$250$148$62
40 years$1,016$640$389$231$134$55
41 years$980$609$365$213$121$48
42 years$946$580$343$196$110$42
43 years$914$553$321$181$100$38
44 years$883$527$302$167$91$33
45 years$853$502$283$155$82$29
46 years$825$479$266$143$75$26
47 years$799$457$250$132$68$23
48 years$773$437$235$122$62$20
49 years$749$417$221$113$56$18
50 years$725$398$208$104$51$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $743,000, adding $2,972 every year, while hoping to spend $39,676 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: 44/48/8 Blend
39$743,000$743,000$743,000$743,000
40$821,852$782,473$770,956$856,015
41$863,466$778,599$754,568$876,106
42$907,994$773,205$736,301$893,565
43$955,693$766,176$716,051$911,577
44$1,006,843$757,387$693,708$930,207
45$1,061,750$746,709$669,156$949,527
46$1,120,752$734,001$642,277$969,622
47$1,184,220$719,119$612,944$990,588
48$1,252,560$701,905$581,027$1,012,532
49$1,326,218$682,195$546,389$1,035,577
50$1,405,686$659,816$508,886$1,059,861
51$1,491,500$634,582$468,368$1,085,540
52$1,584,255$606,298$424,680$1,112,790
53$1,684,600$574,758$377,658$1,141,809
54$1,793,252$539,743$327,132$1,172,821
55$1,910,995$501,022$272,923$1,206,075
56$2,038,696$458,351$214,844$1,241,853
57$2,177,304$411,472$152,703$1,280,470
58$2,327,867$360,111$86,296$1,322,278
59$2,491,533$303,981$15,412$1,367,674
60$2,669,570$242,777$0$1,417,098
61$2,863,370$176,176$0$1,476,188
62$3,074,464$103,840$0$1,542,092
63$3,304,540$25,408$0$1,614,130
64$3,555,452$0$0$1,693,010
65$3,829,244$0$0$1,810,948
66$4,128,163$0$0$1,954,446
67$4,454,685$0$0$2,111,282
68$4,811,533$0$0$2,282,777
69$5,201,708$0$0$2,470,382
70$5,628,512$0$0$2,675,699
71$6,095,581$0$0$2,900,487
72$6,606,919$0$0$3,146,688
73$7,166,936$0$0$3,416,437
74$7,780,487$0$0$3,712,088
75$8,452,919$0$0$4,036,231
76$9,190,123$0$0$4,391,720
77$9,998,584$0$0$4,781,698
78$10,885,447$0$0$5,209,628
79$11,858,580$0$0$5,679,323
80$12,926,652$0$0$6,194,984
81$14,099,210$0$0$6,761,238
82$15,386,771$0$0$7,383,182
83$16,800,921$0$0$8,066,432
84$18,354,422$0$0$8,817,174
85$20,061,334$0$0$9,642,222
86$21,937,146$0$0$10,549,084
87$23,998,922$0$0$11,546,033
88$26,265,461$0$0$12,642,179
89$28,757,474$0$0$13,847,564
90$31,497,781$0$0$15,173,248
91$34,511,520$0$0$16,631,419
92$37,826,391$0$0$18,235,504
93$41,472,912$0$0$20,000,298
94$45,484,707$0$0$21,942,101
95$49,898,825$0$0$24,078,874
96$54,756,085$0$0$26,430,406
97$60,101,464$0$0$29,018,502
98$65,984,520$0$0$31,867,188
99$72,459,857$0$0$35,002,937
100$79,587,645$0$0$38,454,920