Can I retire at age 40 with 743,000?

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 $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%19.6%
1 years$61,356$60,810$60,277$59,756$59,248$56,965
2 years$30,374$29,809$29,260$28,729$28,213$25,940
3 years$20,048$19,480$18,933$18,407$17,900$15,708
4 years$14,886$14,320$13,779$13,261$12,766$10,673
5 years$11,790$11,227$10,693$10,186$9,705$7,715
6 years$9,727$9,168$8,641$8,146$7,679$5,795
7 years$8,253$7,699$7,181$6,697$6,245$4,465
8 years$7,149$6,600$6,090$5,618$5,181$3,504
9 years$6,290$5,746$5,245$4,785$4,363$2,786
10 years$5,603$5,065$4,573$4,125$3,718$2,238
11 years$5,042$4,509$4,026$3,590$3,197$1,812
12 years$4,575$4,047$3,573$3,149$2,771$1,476
13 years$4,179$3,657$3,192$2,780$2,416$1,208
14 years$3,841$3,324$2,868$2,468$2,118$992
15 years$3,548$3,037$2,590$2,201$1,865$818
16 years$3,292$2,786$2,348$1,971$1,648$676
17 years$3,066$2,566$2,136$1,771$1,461$559
18 years$2,865$2,371$1,950$1,596$1,299$464
19 years$2,686$2,198$1,785$1,442$1,158$385
20 years$2,525$2,042$1,639$1,306$1,034$320
21 years$2,380$1,902$1,507$1,185$926$267
22 years$2,248$1,776$1,389$1,078$830$222
23 years$2,127$1,661$1,283$981$745$185
24 years$2,017$1,556$1,186$895$669$154
25 years$1,916$1,460$1,099$817$602$129
26 years$1,822$1,372$1,019$747$543$107
27 years$1,736$1,292$946$684$489$90
28 years$1,656$1,217$880$627$441$75
29 years$1,582$1,148$819$575$399$63
30 years$1,512$1,084$762$527$360$52
31 years$1,448$1,025$711$484$326$44
32 years$1,387$970$663$445$295$36
33 years$1,331$918$619$409$267$30
34 years$1,277$870$579$377$241$25
35 years$1,227$826$541$347$219$21
36 years$1,180$784$506$319$198$18
37 years$1,136$744$474$294$180$15
38 years$1,093$707$444$271$163$12
39 years$1,054$673$416$250$148$10
40 years$1,016$640$389$231$134$9
41 years$980$609$365$213$121$7
42 years$946$580$343$196$110$6
43 years$914$553$321$181$100$5
44 years$883$527$302$167$91$4
45 years$853$502$283$155$82$4
46 years$825$479$266$143$75$3
47 years$799$457$250$132$68$2
48 years$773$437$235$122$62$2
49 years$749$417$221$113$56$2
50 years$725$398$208$104$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $743,000, adding $3,053 every year, while hoping to spend $35,727 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: 87/8/5 Blend
39$743,000$743,000$743,000$743,000
40$821,935$782,556$771,040$893,241
41$867,759$782,888$758,856$940,455
42$917,060$782,039$745,067$987,051
43$970,154$779,913$729,581$1,037,093
44$1,027,390$776,409$712,302$1,090,900
45$1,089,150$771,419$693,130$1,148,826
46$1,155,854$764,829$671,961$1,211,259
47$1,227,963$756,518$648,684$1,278,624
48$1,305,985$746,357$623,184$1,351,393
49$1,390,478$734,210$595,343$1,430,082
50$1,482,054$719,934$565,034$1,515,260
51$1,581,388$703,376$532,128$1,607,555
52$1,689,221$684,373$496,486$1,707,656
53$1,806,369$662,754$457,965$1,816,325
54$1,933,729$638,339$416,417$1,934,398
55$2,072,287$610,936$371,685$2,062,797
56$2,223,130$580,342$323,606$2,202,538
57$2,387,452$546,341$272,010$2,354,741
58$2,566,568$508,708$216,718$2,520,637
59$2,761,926$467,202$157,546$2,701,584
60$2,975,117$421,570$94,299$2,899,079
61$3,207,895$371,543$26,774$3,114,769
62$3,462,190$316,838$0$3,350,470
63$3,740,127$257,156$0$3,610,598
64$4,044,044$192,181$0$3,896,624
65$4,376,516$121,578$0$4,209,558
66$4,740,381$44,995$0$4,552,090
67$5,138,759$0$0$4,927,182
68$5,575,091$0$0$5,341,439
69$6,053,161$0$0$5,799,670
70$6,577,142$0$0$6,301,913
71$7,151,625$0$0$6,852,572
72$7,781,669$0$0$7,456,495
73$8,472,845$0$0$8,119,024
74$9,231,292$0$0$8,846,044
75$10,063,767$0$0$9,644,034
76$10,977,718$0$0$10,520,134
77$11,981,347$0$0$11,482,206
78$13,083,688$0$0$12,538,914
79$14,294,696$0$0$13,699,800
80$15,625,336$0$0$14,975,377
81$17,087,687$0$0$16,377,226
82$18,695,058$0$0$17,918,107
83$20,462,111$0$0$19,612,074
84$22,404,997$0$0$21,474,615
85$24,541,514$0$0$23,522,792
86$26,891,269$0$0$25,775,403
87$29,475,865$0$0$28,253,158
88$32,319,102$0$0$30,978,878
89$35,447,205$0$0$33,977,703
90$38,889,069$0$0$37,277,337
91$42,676,530$0$0$40,908,302
92$46,844,666$0$0$44,904,228
93$51,432,129$0$0$49,302,171
94$56,481,506$0$0$54,142,963
95$62,039,724$0$0$59,471,593
96$68,158,488$0$0$65,337,634
97$74,894,774$0$0$71,795,709
98$82,311,361$0$0$78,906,007
99$90,477,426$0$0$86,734,850
100$99,469,193$0$0$95,355,319