Can I retire at age 40 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$61,439$60,892$60,358$59,836$59,328$58,345
2 years$30,415$29,849$29,300$28,768$28,251$27,264
3 years$20,075$19,507$18,959$18,432$17,924$16,963
4 years$14,907$14,339$13,797$13,279$12,783$11,856
5 years$11,806$11,242$10,707$10,200$9,718$8,827
6 years$9,740$9,180$8,653$8,157$7,689$6,836
7 years$8,264$7,709$7,191$6,706$6,253$5,437
8 years$7,158$6,608$6,098$5,626$5,188$4,409
9 years$6,298$5,754$5,252$4,792$4,369$3,627
10 years$5,611$5,072$4,579$4,130$3,723$3,017
11 years$5,049$4,515$4,031$3,595$3,202$2,532
12 years$4,581$4,052$3,578$3,153$2,774$2,139
13 years$4,185$3,662$3,197$2,784$2,419$1,818
14 years$3,846$3,329$2,872$2,471$2,121$1,553
15 years$3,553$3,041$2,593$2,204$1,867$1,331
16 years$3,296$2,790$2,351$1,973$1,650$1,144
17 years$3,070$2,570$2,139$1,773$1,463$987
18 years$2,869$2,374$1,953$1,598$1,301$853
19 years$2,690$2,201$1,788$1,444$1,160$739
20 years$2,529$2,045$1,641$1,308$1,036$641
21 years$2,383$1,905$1,509$1,187$927$557
22 years$2,251$1,778$1,391$1,079$831$484
23 years$2,130$1,663$1,284$983$746$422
24 years$2,020$1,558$1,188$896$670$368
25 years$1,918$1,462$1,100$818$603$321
26 years$1,825$1,374$1,020$748$543$280
27 years$1,738$1,293$947$685$490$245
28 years$1,658$1,219$881$628$442$214
29 years$1,584$1,150$820$576$399$187
30 years$1,514$1,086$763$528$361$164
31 years$1,450$1,026$712$485$326$143
32 years$1,389$971$664$446$295$125
33 years$1,332$920$620$410$267$110
34 years$1,279$872$579$377$242$96
35 years$1,229$827$542$347$219$84
36 years$1,182$785$507$320$198$74
37 years$1,137$745$474$295$180$65
38 years$1,095$708$444$272$163$57
39 years$1,055$674$416$250$148$50
40 years$1,017$641$390$231$134$43
41 years$981$610$366$213$122$38
42 years$947$581$343$197$110$33
43 years$915$553$322$182$100$29
44 years$884$528$302$168$91$26
45 years$855$503$284$155$83$23
46 years$827$480$266$143$75$20
47 years$800$458$250$132$68$17
48 years$774$437$235$122$62$15
49 years$750$418$221$113$56$13
50 years$726$399$208$104$51$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $744,000, adding $4,206 every year, while hoping to spend $22,390 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: 50/38/12 Blend
39$744,000$744,000$744,000$744,000
40$824,226$784,794$773,262$862,564
41$884,475$799,427$775,344$903,926
42$950,118$814,025$776,745$946,143
43$1,021,683$828,565$777,419$991,512
44$1,099,749$843,019$777,316$1,040,334
45$1,184,954$857,358$776,387$1,092,943
46$1,278,000$871,550$774,577$1,149,707
47$1,379,661$885,561$771,831$1,211,031
48$1,490,788$899,354$768,088$1,277,362
49$1,612,317$912,891$763,287$1,349,194
50$1,745,280$926,129$757,364$1,427,070
51$1,890,813$939,025$750,251$1,511,590
52$2,050,168$951,528$741,876$1,603,416
53$2,224,721$963,589$732,165$1,703,276
54$2,415,990$975,153$721,040$1,811,974
55$2,625,645$986,159$708,419$1,930,399
56$2,855,526$996,547$694,217$2,059,529
57$3,107,661$1,006,249$678,344$2,200,442
58$3,384,281$1,015,193$660,706$2,354,328
59$3,687,844$1,023,304$641,207$2,522,500
60$4,021,060$1,030,502$619,743$2,706,405
61$4,386,911$1,036,699$596,207$2,907,640
62$4,788,683$1,041,805$570,487$3,127,965
63$5,229,997$1,045,721$542,467$3,369,321
64$5,714,840$1,048,345$512,023$3,633,849
65$6,247,605$1,049,566$479,027$3,923,910
66$6,833,133$1,049,267$443,347$4,242,108
67$7,476,756$1,047,323$404,842$4,591,314
68$8,184,347$1,043,604$363,366$4,974,694
69$8,962,378$1,037,969$318,767$5,395,740
70$9,817,981$1,030,270$270,886$5,858,302
71$10,759,011$1,020,349$219,556$6,366,624
72$11,794,122$1,008,039$164,604$6,925,388
73$12,932,853$993,163$105,849$7,539,757
74$14,185,710$975,533$43,100$8,215,420
75$15,564,269$954,951$0$8,958,654
76$17,081,288$931,207$0$9,779,434
77$18,750,821$904,078$0$10,688,420
78$20,588,354$873,327$0$11,688,527
79$22,610,951$838,705$0$12,789,059
80$24,837,415$799,949$0$14,000,268
81$27,288,462$756,777$0$15,333,460
82$29,986,922$708,896$0$16,801,094
83$32,957,949$655,993$0$18,416,906
84$36,229,259$597,736$0$20,196,037
85$39,831,396$533,777$0$22,155,176
86$43,798,013$463,747$0$24,312,718
87$48,166,196$387,256$0$26,688,943
88$52,976,807$303,891$0$29,306,202
89$58,274,878$213,218$0$32,189,132
90$64,110,026$114,776$0$35,364,891
91$70,536,930$8,081$0$38,863,411
92$77,615,839$0$0$42,717,686
93$85,413,148$0$0$47,008,986
94$94,002,018$0$0$51,739,763
95$103,463,069$0$0$56,951,059
96$113,885,143$0$0$62,691,823
97$125,366,136$0$0$69,015,995
98$138,013,929$0$0$75,983,016
99$151,947,401$0$0$83,658,385
100$167,297,553$0$0$92,114,283