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%18.9%
1 years$61,439$60,892$60,358$59,836$59,328$57,200
2 years$30,415$29,849$29,300$28,768$28,251$26,131
3 years$20,075$19,507$18,959$18,432$17,924$15,877
4 years$14,907$14,339$13,797$13,279$12,783$10,826
5 years$11,806$11,242$10,707$10,200$9,718$7,855
6 years$9,740$9,180$8,653$8,157$7,689$5,922
7 years$8,264$7,709$7,191$6,706$6,253$4,582
8 years$7,158$6,608$6,098$5,626$5,188$3,610
9 years$6,298$5,754$5,252$4,792$4,369$2,883
10 years$5,611$5,072$4,579$4,130$3,723$2,326
11 years$5,049$4,515$4,031$3,595$3,202$1,892
12 years$4,581$4,052$3,578$3,153$2,774$1,548
13 years$4,185$3,662$3,197$2,784$2,419$1,273
14 years$3,846$3,329$2,872$2,471$2,121$1,051
15 years$3,553$3,041$2,593$2,204$1,867$870
16 years$3,296$2,790$2,351$1,973$1,650$723
17 years$3,070$2,570$2,139$1,773$1,463$602
18 years$2,869$2,374$1,953$1,598$1,301$502
19 years$2,690$2,201$1,788$1,444$1,160$419
20 years$2,529$2,045$1,641$1,308$1,036$350
21 years$2,383$1,905$1,509$1,187$927$293
22 years$2,251$1,778$1,391$1,079$831$245
23 years$2,130$1,663$1,284$983$746$206
24 years$2,020$1,558$1,188$896$670$172
25 years$1,918$1,462$1,100$818$603$145
26 years$1,825$1,374$1,020$748$543$121
27 years$1,738$1,293$947$685$490$102
28 years$1,658$1,219$881$628$442$86
29 years$1,584$1,150$820$576$399$72
30 years$1,514$1,086$763$528$361$60
31 years$1,450$1,026$712$485$326$51
32 years$1,389$971$664$446$295$43
33 years$1,332$920$620$410$267$36
34 years$1,279$872$579$377$242$30
35 years$1,229$827$542$347$219$25
36 years$1,182$785$507$320$198$21
37 years$1,137$745$474$295$180$18
38 years$1,095$708$444$272$163$15
39 years$1,055$674$416$250$148$13
40 years$1,017$641$390$231$134$11
41 years$981$610$366$213$122$9
42 years$947$581$343$197$110$8
43 years$915$553$322$182$100$6
44 years$884$528$302$168$91$5
45 years$855$503$284$155$83$4
46 years$827$480$266$143$75$4
47 years$800$458$250$132$68$3
48 years$774$437$235$122$62$3
49 years$750$418$221$113$56$2
50 years$726$399$208$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $744,000, adding $6,187 every year, while hoping to spend $50,476 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: 66/11/23 Blend
39$744,000$744,000$744,000$744,000
40$826,270$786,838$775,306$875,537
41$856,843$771,687$747,573$894,265
42$888,844$754,102$717,218$908,431
43$922,363$733,910$684,102$922,748
44$957,501$710,929$648,077$937,235
45$994,366$684,965$608,988$951,909
46$1,033,077$655,813$566,674$966,796
47$1,073,761$623,258$520,968$981,924
48$1,116,556$587,069$471,692$997,325
49$1,161,615$547,006$418,664$1,013,038
50$1,209,102$502,811$361,691$1,029,108
51$1,259,196$454,214$300,573$1,045,587
52$1,312,092$400,929$235,101$1,062,534
53$1,368,005$342,654$165,056$1,080,017
54$1,427,166$279,069$90,210$1,098,115
55$1,489,829$209,836$10,325$1,116,917
56$1,556,273$134,599$0$1,136,525
57$1,626,800$52,981$0$1,175,443
58$1,701,743$0$0$1,219,313
59$1,781,463$0$0$1,270,100
60$1,866,358$0$0$1,331,040
61$1,956,862$0$0$1,396,034
62$2,053,453$0$0$1,465,429
63$2,156,651$0$0$1,539,602
64$2,267,028$0$0$1,618,969
65$2,385,211$0$0$1,703,984
66$2,511,888$0$0$1,795,148
67$2,647,812$0$0$1,893,006
68$2,793,811$0$0$1,998,161
69$2,950,794$0$0$2,111,272
70$3,119,758$0$0$2,233,064
71$3,301,797$0$0$2,364,331
72$3,498,115$0$0$2,505,947
73$3,710,033$0$0$2,658,872
74$3,939,002$0$0$2,824,162
75$4,186,618$0$0$3,002,974
76$4,454,635$0$0$3,196,584
77$4,744,980$0$0$3,406,392
78$5,059,774$0$0$3,633,939
79$5,401,348$0$0$3,880,919
80$5,772,264$0$0$4,149,195
81$6,175,343$0$0$4,440,816
82$6,613,687$0$0$4,758,038
83$7,090,709$0$0$5,103,340
84$7,610,163$0$0$5,479,452
85$8,176,182$0$0$5,889,378
86$8,793,312$0$0$6,336,424
87$9,466,560$0$0$6,824,228
88$10,201,434$0$0$7,356,795
89$11,003,996$0$0$7,938,533
90$11,880,924$0$0$8,574,296
91$12,839,566$0$0$9,269,427
92$13,888,013$0$0$10,029,809
93$15,035,174$0$0$10,861,919
94$16,290,860$0$0$11,772,890
95$17,665,871$0$0$12,770,576
96$19,172,103$0$0$13,863,626
97$20,822,657$0$0$15,061,568
98$22,631,961$0$0$16,374,890
99$24,615,902$0$0$17,815,149
100$26,791,984$0$0$19,395,069