Can I retire at age 40 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$61,521$60,973$60,439$59,917$59,407$58,910
2 years$30,456$29,889$29,339$28,806$28,289$27,788
3 years$20,102$19,533$18,984$18,456$17,948$17,458
4 years$14,927$14,359$13,816$13,297$12,801$12,326
5 years$11,822$11,257$10,722$10,213$9,731$9,273
6 years$9,753$9,192$8,665$8,168$7,700$7,259
7 years$8,275$7,720$7,200$6,715$6,262$5,839
8 years$7,168$6,617$6,106$5,633$5,195$4,790
9 years$6,307$5,762$5,260$4,798$4,375$3,987
10 years$5,619$5,079$4,585$4,136$3,728$3,357
11 years$5,056$4,521$4,037$3,600$3,206$2,852
12 years$4,587$4,058$3,583$3,157$2,778$2,441
13 years$4,191$3,667$3,201$2,787$2,423$2,102
14 years$3,851$3,333$2,876$2,474$2,124$1,819
15 years$3,558$3,045$2,597$2,207$1,870$1,580
16 years$3,301$2,794$2,354$1,976$1,653$1,378
17 years$3,074$2,573$2,142$1,775$1,465$1,205
18 years$2,873$2,378$1,956$1,600$1,303$1,057
19 years$2,694$2,203$1,790$1,446$1,161$929
20 years$2,532$2,048$1,643$1,309$1,037$818
21 years$2,386$1,907$1,511$1,188$928$721
22 years$2,254$1,780$1,393$1,080$832$637
23 years$2,133$1,665$1,286$984$747$563
24 years$2,022$1,560$1,189$897$671$499
25 years$1,921$1,464$1,102$820$604$442
26 years$1,827$1,376$1,022$749$544$392
27 years$1,741$1,295$949$686$491$348
28 years$1,660$1,220$882$628$443$309
29 years$1,586$1,151$821$576$400$275
30 years$1,516$1,087$764$529$361$244
31 years$1,452$1,028$713$486$327$217
32 years$1,391$972$665$446$295$193
33 years$1,334$921$621$411$267$172
34 years$1,281$873$580$378$242$153
35 years$1,231$828$542$348$219$136
36 years$1,183$786$507$320$199$122
37 years$1,139$746$475$295$180$108
38 years$1,096$709$445$272$163$97
39 years$1,056$674$417$251$148$86
40 years$1,019$642$391$231$134$77
41 years$983$611$366$213$122$68
42 years$948$582$343$197$110$61
43 years$916$554$322$182$100$54
44 years$885$528$303$168$91$49
45 years$856$504$284$155$83$43
46 years$828$481$267$143$75$39
47 years$801$459$251$132$68$35
48 years$775$438$236$122$62$31
49 years$751$418$221$113$56$28
50 years$727$399$208$104$51$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $745,000, adding $6,190 every year, while hoping to spend $32,899 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: 60/20/20 Blend
39$745,000$745,000$745,000$745,000
40$827,375$787,890$776,342$872,334
41$876,763$791,492$767,346$907,101
42$930,086$794,169$756,945$940,855
43$987,710$795,838$745,058$976,938
44$1,050,039$796,417$731,600$1,015,581
45$1,117,516$795,814$716,481$1,057,039
46$1,190,626$793,933$699,607$1,101,594
47$1,269,907$790,672$680,881$1,149,560
48$1,355,946$785,923$660,199$1,201,280
49$1,449,390$779,572$637,454$1,257,139
50$1,550,954$771,496$612,534$1,317,557
51$1,661,418$761,567$585,321$1,383,001
52$1,781,647$749,648$555,693$1,453,989
53$1,912,588$735,594$523,522$1,531,089
54$2,055,285$719,251$488,673$1,614,933
55$2,210,888$700,458$451,007$1,706,217
56$2,380,659$679,041$410,377$1,805,710
57$2,565,991$654,819$366,629$1,914,264
58$2,768,417$627,599$319,606$2,032,818
59$2,989,621$597,178$269,138$2,162,409
60$3,231,461$563,338$215,053$2,304,185
61$3,495,982$525,853$157,169$2,459,411
62$3,785,433$484,481$95,295$2,629,486
63$4,102,293$438,967$29,234$2,815,955
64$4,449,292$389,041$0$3,020,522
65$4,829,434$334,418$0$3,253,877
66$5,246,029$274,798$0$3,516,522
67$5,702,723$209,862$0$3,804,556
68$6,203,530$139,274$0$4,120,562
69$6,752,873$62,681$0$4,467,389
70$7,355,620$0$0$4,848,178
71$8,017,137$0$0$5,270,860
72$8,743,333$0$0$5,750,074
73$9,540,717$0$0$6,276,327
74$10,416,460$0$0$6,854,361
75$11,378,460$0$0$7,489,395
76$12,435,419$0$0$8,187,184
77$13,596,923$0$0$8,954,065
78$14,873,532$0$0$9,797,018
79$16,276,883$0$0$10,723,736
80$17,819,791$0$0$11,742,694
81$19,516,381$0$0$12,863,226
82$21,382,210$0$0$14,095,621
83$23,434,421$0$0$15,451,211
84$25,691,902$0$0$16,942,482
85$28,175,461$0$0$18,583,194
86$30,908,027$0$0$20,388,505
87$33,914,863$0$0$22,375,116
88$37,223,804$0$0$24,561,432
89$40,865,521$0$0$26,967,731
90$44,873,806$0$0$29,616,353
91$49,285,897$0$0$32,531,920
92$54,142,822$0$0$35,741,558
93$59,489,791$0$0$39,275,157
94$65,376,620$0$0$43,165,654
95$71,858,200$0$0$47,449,342
96$78,995,015$0$0$52,166,210
97$86,853,715$0$0$57,360,326
98$95,507,740$0$0$63,080,246
99$105,038,017$0$0$69,379,476
100$115,533,719$0$0$76,316,977