Can I retire at age 40 with 744,000?

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 $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%13.6%
1 years$61,439$60,892$60,358$59,836$59,328$58,441
2 years$30,415$29,849$29,300$28,768$28,251$27,360
3 years$20,075$19,507$18,959$18,432$17,924$17,056
4 years$14,907$14,339$13,797$13,279$12,783$11,945
5 years$11,806$11,242$10,707$10,200$9,718$8,912
6 years$9,740$9,180$8,653$8,157$7,689$6,916
7 years$8,264$7,709$7,191$6,706$6,253$5,514
8 years$7,158$6,608$6,098$5,626$5,188$4,482
9 years$6,298$5,754$5,252$4,792$4,369$3,696
10 years$5,611$5,072$4,579$4,130$3,723$3,082
11 years$5,049$4,515$4,031$3,595$3,202$2,592
12 years$4,581$4,052$3,578$3,153$2,774$2,196
13 years$4,185$3,662$3,197$2,784$2,419$1,871
14 years$3,846$3,329$2,872$2,471$2,121$1,602
15 years$3,553$3,041$2,593$2,204$1,867$1,377
16 years$3,296$2,790$2,351$1,973$1,650$1,188
17 years$3,070$2,570$2,139$1,773$1,463$1,027
18 years$2,869$2,374$1,953$1,598$1,301$890
19 years$2,690$2,201$1,788$1,444$1,160$773
20 years$2,529$2,045$1,641$1,308$1,036$673
21 years$2,383$1,905$1,509$1,187$927$586
22 years$2,251$1,778$1,391$1,079$831$512
23 years$2,130$1,663$1,284$983$746$447
24 years$2,020$1,558$1,188$896$670$391
25 years$1,918$1,462$1,100$818$603$342
26 years$1,825$1,374$1,020$748$543$300
27 years$1,738$1,293$947$685$490$263
28 years$1,658$1,219$881$628$442$230
29 years$1,584$1,150$820$576$399$202
30 years$1,514$1,086$763$528$361$177
31 years$1,450$1,026$712$485$326$156
32 years$1,389$971$664$446$295$137
33 years$1,332$920$620$410$267$120
34 years$1,279$872$579$377$242$105
35 years$1,229$827$542$347$219$93
36 years$1,182$785$507$320$198$81
37 years$1,137$745$474$295$180$72
38 years$1,095$708$444$272$163$63
39 years$1,055$674$416$250$148$55
40 years$1,017$641$390$231$134$49
41 years$981$610$366$213$122$43
42 years$947$581$343$197$110$38
43 years$915$553$322$182$100$33
44 years$884$528$302$168$91$29
45 years$855$503$284$155$83$26
46 years$827$480$266$143$75$23
47 years$800$458$250$132$68$20
48 years$774$437$235$122$62$18
49 years$750$418$221$113$56$15
50 years$726$399$208$104$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $744,000, adding $2,507 every year, while hoping to spend $29,189 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: 75/19/6 Blend
39$744,000$744,000$744,000$744,000
40$822,474$783,042$771,510$883,457
41$875,309$790,354$766,299$931,214
42$932,556$797,046$759,935$979,554
43$994,632$803,057$752,348$1,031,676
44$1,062,000$808,322$743,467$1,087,945
45$1,135,165$812,771$733,214$1,148,761
46$1,214,685$816,330$721,510$1,214,566
47$1,301,174$818,922$708,272$1,285,845
48$1,395,307$820,462$693,412$1,363,135
49$1,497,826$820,862$676,839$1,447,025
50$1,609,548$820,028$658,456$1,538,167
51$1,731,372$817,859$638,165$1,637,278
52$1,864,288$814,251$615,860$1,745,148
53$2,009,386$809,089$591,431$1,862,649
54$2,167,864$802,256$564,765$1,990,740
55$2,341,043$793,623$535,742$2,130,481
56$2,530,376$783,057$504,236$2,283,037
57$2,737,463$770,416$470,116$2,449,696
58$2,964,066$755,548$433,247$2,631,875
59$3,212,125$738,294$393,486$2,831,137
60$3,483,777$718,486$350,682$3,049,205
61$3,781,373$695,943$304,681$3,287,978
62$4,107,506$670,476$255,320$3,549,550
63$4,465,027$641,885$202,429$3,836,228
64$4,857,080$609,958$145,831$4,150,556
65$5,287,126$574,470$85,340$4,495,341
66$5,758,977$535,183$20,764$4,873,672
67$6,276,833$491,848$0$5,288,959
68$6,845,320$444,197$0$5,748,042
69$7,469,531$391,952$0$6,253,598
70$8,155,081$334,815$0$6,808,877
71$8,908,152$272,474$0$7,418,927
72$9,735,556$204,598$0$8,089,312
73$10,644,797$130,837$0$8,826,164
74$11,644,140$50,822$0$9,636,242
75$12,742,695$0$0$10,526,996
76$13,950,493$0$0$11,514,128
77$15,278,591$0$0$12,611,298
78$16,739,166$0$0$13,817,946
79$18,345,639$0$0$15,145,160
80$20,112,792$0$0$16,605,161
81$22,056,916$0$0$18,211,411
82$24,195,958$0$0$19,978,742
83$26,549,694$0$0$21,923,499
84$29,139,911$0$0$24,063,689
85$31,990,618$0$0$26,419,155
86$35,128,268$0$0$29,011,758
87$38,582,009$0$0$31,865,589
88$42,383,956$0$0$35,007,192
89$46,569,500$0$0$38,465,815
90$51,177,634$0$0$42,273,686
91$56,251,327$0$0$46,466,317
92$61,837,923$0$0$51,082,838
93$67,989,595$0$0$56,166,370
94$74,763,830$0$0$61,764,423
95$82,223,974$0$0$67,929,354
96$90,439,831$0$0$74,718,854
97$99,488,320$0$0$82,196,496
98$109,454,199$0$0$90,432,331
99$120,430,867$0$0$99,503,552
100$132,521,243$0$0$109,495,223