Can I retire at age 40 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$61,604$61,055$60,520$59,997$59,487$58,025
2 years$30,497$29,929$29,379$28,845$28,327$26,864
3 years$20,129$19,559$19,010$18,481$17,972$16,552
4 years$14,947$14,378$13,834$13,315$12,818$11,453
5 years$11,838$11,272$10,736$10,227$9,744$8,437
6 years$9,766$9,205$8,676$8,179$7,710$6,463
7 years$8,286$7,730$7,210$6,724$6,270$5,084
8 years$7,177$6,626$6,115$5,641$5,202$4,075
9 years$6,315$5,769$5,267$4,805$4,381$3,312
10 years$5,626$5,085$4,592$4,142$3,733$2,721
11 years$5,062$4,527$4,042$3,604$3,210$2,255
12 years$4,593$4,063$3,587$3,162$2,782$1,881
13 years$4,196$3,672$3,205$2,791$2,426$1,577
14 years$3,857$3,338$2,880$2,478$2,126$1,329
15 years$3,562$3,049$2,600$2,210$1,872$1,123
16 years$3,305$2,798$2,357$1,979$1,655$952
17 years$3,078$2,576$2,145$1,778$1,467$810
18 years$2,877$2,381$1,958$1,602$1,305$690
19 years$2,697$2,206$1,793$1,448$1,163$588
20 years$2,535$2,050$1,645$1,311$1,039$503
21 years$2,389$1,910$1,513$1,190$929$430
22 years$2,257$1,783$1,395$1,082$833$369
23 years$2,136$1,667$1,288$985$748$316
24 years$2,025$1,562$1,191$899$672$271
25 years$1,923$1,466$1,103$821$605$233
26 years$1,830$1,378$1,023$750$545$200
27 years$1,743$1,297$950$687$491$172
28 years$1,663$1,222$883$629$443$148
29 years$1,588$1,153$822$577$400$127
30 years$1,519$1,089$766$530$362$109
31 years$1,454$1,029$714$486$327$94
32 years$1,393$974$666$447$296$81
33 years$1,336$922$622$411$268$70
34 years$1,283$874$581$378$242$60
35 years$1,232$829$543$348$219$52
36 years$1,185$787$508$321$199$45
37 years$1,140$747$476$295$180$38
38 years$1,098$710$445$272$163$33
39 years$1,058$675$417$251$148$29
40 years$1,020$643$391$232$134$25
41 years$984$612$367$214$122$21
42 years$950$582$344$197$111$18
43 years$917$555$323$182$100$16
44 years$886$529$303$168$91$14
45 years$857$504$284$155$83$12
46 years$829$481$267$143$75$10
47 years$802$459$251$132$68$9
48 years$776$438$236$122$62$7
49 years$752$419$222$113$56$6
50 years$728$400$208$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $746,000, adding $6,606 every year, while hoping to spend $38,362 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: 33/44/23 Blend
39$746,000$746,000$746,000$746,000
40$828,906$789,368$777,805$850,240
41$872,638$787,230$763,045$864,645
42$919,544$783,702$746,504$876,224
43$969,909$778,674$728,083$887,924
44$1,024,043$772,033$707,677$899,780
45$1,082,287$763,654$685,176$911,834
46$1,145,017$753,410$660,466$924,136
47$1,212,644$741,162$633,427$936,743
48$1,285,620$726,765$603,933$949,723
49$1,364,442$710,066$571,854$963,155
50$1,449,656$690,900$537,052$977,129
51$1,541,862$669,096$499,385$991,750
52$1,641,720$644,470$458,702$1,007,138
53$1,749,956$616,828$414,849$1,023,430
54$1,867,365$585,967$367,660$1,040,784
55$1,994,827$551,670$316,967$1,059,377
56$2,133,304$513,707$262,591$1,079,413
57$2,283,859$471,836$204,345$1,101,122
58$2,447,659$425,803$142,037$1,124,764
59$2,625,988$375,335$75,463$1,150,633
60$2,820,260$320,147$4,412$1,179,061
61$3,032,029$259,937$0$1,210,423
62$3,263,008$194,386$0$1,262,663
63$3,515,082$123,157$0$1,321,025
64$3,790,322$45,895$0$1,385,013
65$4,091,014$0$0$1,455,284
66$4,419,669$0$0$1,550,859
67$4,779,056$0$0$1,679,777
68$5,172,220$0$0$1,820,923
69$5,602,517$0$0$1,975,515
70$6,073,640$0$0$2,144,893
71$6,589,657$0$0$2,330,537
72$7,155,047$0$0$2,534,072
73$7,774,745$0$0$2,757,292
74$8,454,183$0$0$3,002,169
75$9,199,346$0$0$3,270,878
76$10,016,824$0$0$3,565,814
77$10,913,879$0$0$3,889,614
78$11,898,506$0$0$4,245,185
79$12,979,515$0$0$4,635,727
80$14,166,609$0$0$5,064,767
81$15,470,476$0$0$5,536,189
82$16,902,893$0$0$6,054,273
83$18,476,830$0$0$6,623,733
84$20,206,579$0$0$7,249,763
85$22,107,884$0$0$7,938,087
86$24,198,089$0$0$8,695,009
87$26,496,304$0$0$9,527,474
88$29,023,581$0$0$10,443,137
89$31,803,118$0$0$11,450,428
90$34,860,471$0$0$12,558,639
91$38,223,796$0$0$13,778,007
92$41,924,118$0$0$15,119,809
93$45,995,621$0$0$16,596,472
94$50,475,967$0$0$18,221,691
95$55,406,655$0$0$20,010,551
96$60,833,411$0$0$21,979,678
97$66,806,617$0$0$24,147,390
98$73,381,789$0$0$26,533,870
99$80,620,096$0$0$29,161,360
100$88,588,942$0$0$32,054,367