Can I retire at age 40 with 745,000?

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 $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%18.9%
1 years$61,521$60,973$60,439$59,917$59,407$57,277
2 years$30,456$29,889$29,339$28,806$28,289$26,166
3 years$20,102$19,533$18,984$18,456$17,948$15,898
4 years$14,927$14,359$13,816$13,297$12,801$10,840
5 years$11,822$11,257$10,722$10,213$9,731$7,865
6 years$9,753$9,192$8,665$8,168$7,700$5,930
7 years$8,275$7,720$7,200$6,715$6,262$4,588
8 years$7,168$6,617$6,106$5,633$5,195$3,615
9 years$6,307$5,762$5,260$4,798$4,375$2,887
10 years$5,619$5,079$4,585$4,136$3,728$2,330
11 years$5,056$4,521$4,037$3,600$3,206$1,894
12 years$4,587$4,058$3,583$3,157$2,778$1,550
13 years$4,191$3,667$3,201$2,787$2,423$1,275
14 years$3,851$3,333$2,876$2,474$2,124$1,052
15 years$3,558$3,045$2,597$2,207$1,870$872
16 years$3,301$2,794$2,354$1,976$1,653$724
17 years$3,074$2,573$2,142$1,775$1,465$602
18 years$2,873$2,378$1,956$1,600$1,303$502
19 years$2,694$2,203$1,790$1,446$1,161$419
20 years$2,532$2,048$1,643$1,309$1,037$350
21 years$2,386$1,907$1,511$1,188$928$293
22 years$2,254$1,780$1,393$1,080$832$246
23 years$2,133$1,665$1,286$984$747$206
24 years$2,022$1,560$1,189$897$671$173
25 years$1,921$1,464$1,102$820$604$145
26 years$1,827$1,376$1,022$749$544$121
27 years$1,741$1,295$949$686$491$102
28 years$1,660$1,220$882$628$443$86
29 years$1,586$1,151$821$576$400$72
30 years$1,516$1,087$764$529$361$60
31 years$1,452$1,028$713$486$327$51
32 years$1,391$972$665$446$295$43
33 years$1,334$921$621$411$267$36
34 years$1,281$873$580$378$242$30
35 years$1,231$828$542$348$219$25
36 years$1,183$786$507$320$199$21
37 years$1,139$746$475$295$180$18
38 years$1,096$709$445$272$163$15
39 years$1,056$674$417$251$148$13
40 years$1,019$642$391$231$134$11
41 years$983$611$366$213$122$9
42 years$948$582$343$197$110$8
43 years$916$554$322$182$100$6
44 years$885$528$303$168$91$5
45 years$856$504$284$155$83$4
46 years$828$481$267$143$75$4
47 years$801$459$251$132$68$3
48 years$775$438$236$122$62$3
49 years$751$418$221$113$56$2
50 years$727$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 $745,000, adding $6,045 every year, while hoping to spend $20,379 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: 34/37/29 Blend
39$745,000$745,000$745,000$745,000
40$827,225$787,740$776,193$847,937
41$889,919$804,657$780,512$881,033
42$958,325$821,719$784,293$914,462
43$1,033,003$838,912$787,497$950,120
44$1,114,572$856,222$790,080$988,220
45$1,203,712$873,629$792,001$1,028,998
46$1,301,170$891,117$793,213$1,072,713
47$1,407,772$908,664$793,668$1,119,651
48$1,524,424$926,248$793,315$1,170,129
49$1,652,126$943,845$792,102$1,224,495
50$1,791,978$961,429$789,973$1,283,137
51$1,945,193$978,971$786,869$1,346,478
52$2,113,104$996,442$782,731$1,414,990
53$2,297,181$1,013,808$777,493$1,489,190
54$2,499,043$1,031,035$771,088$1,569,652
55$2,720,472$1,048,083$763,447$1,657,008
56$2,963,433$1,064,911$754,495$1,751,956
57$3,230,089$1,081,477$744,156$1,855,265
58$3,522,821$1,097,733$732,349$1,967,787
59$3,844,256$1,113,629$718,989$2,090,459
60$4,197,282$1,129,109$703,988$2,224,318
61$4,585,086$1,144,117$687,253$2,370,507
62$5,011,176$1,158,590$668,687$2,530,287
63$5,479,418$1,172,462$648,189$2,705,050
64$5,994,068$1,185,662$625,653$2,896,333
65$6,559,819$1,198,116$600,969$3,105,831
66$7,181,839$1,209,742$574,020$3,335,415
67$7,865,822$1,220,454$544,685$3,587,148
68$8,618,041$1,230,162$512,837$3,863,308
69$9,445,409$1,238,768$478,344$4,166,407
70$10,355,540$1,246,167$441,069$4,499,216
71$11,356,826$1,252,250$400,865$4,864,794
72$12,458,512$1,256,899$357,583$5,266,514
73$13,670,782$1,259,990$311,065$5,708,097
74$15,004,862$1,261,389$261,145$6,193,647
75$16,473,117$1,260,956$207,653$6,727,691
76$18,089,174$1,258,542$150,408$7,315,223
77$19,868,046$1,253,987$89,223$7,961,751
78$21,826,277$1,247,122$23,902$8,673,350
79$23,982,095$1,237,770$0$9,456,718
80$26,355,588$1,225,739$0$10,333,419
81$28,968,887$1,210,830$0$11,306,240
82$31,846,382$1,192,829$0$12,376,833
83$35,014,945$1,171,509$0$13,555,177
84$38,504,188$1,146,632$0$14,852,276
85$42,346,743$1,117,945$0$16,280,255
86$46,578,565$1,085,178$0$17,852,482
87$51,239,274$1,048,048$0$19,583,691
88$56,372,532$1,006,254$0$21,490,124
89$62,026,448$959,478$0$23,589,682
90$68,254,036$907,383$0$25,902,097
91$75,113,717$849,614$0$28,449,120
92$82,669,865$785,793$0$31,254,723
93$90,993,418$715,524$0$34,345,330
94$100,162,547$638,385$0$37,750,067
95$110,263,393$553,933$0$41,501,035
96$121,390,880$461,696$0$45,633,617
97$133,649,610$361,179$0$50,186,813
98$147,154,851$251,858$0$55,203,606
99$162,033,626$133,180$0$60,731,374
100$178,425,909$4,559$0$66,822,334