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%16.2%
1 years$61,604$61,055$60,520$59,997$59,487$57,978
2 years$30,497$29,929$29,379$28,845$28,327$26,817
3 years$20,129$19,559$19,010$18,481$17,972$16,508
4 years$14,947$14,378$13,834$13,315$12,818$11,410
5 years$11,838$11,272$10,736$10,227$9,744$8,397
6 years$9,766$9,205$8,676$8,179$7,710$6,426
7 years$8,286$7,730$7,210$6,724$6,270$5,048
8 years$7,177$6,626$6,115$5,641$5,202$4,042
9 years$6,315$5,769$5,267$4,805$4,381$3,281
10 years$5,626$5,085$4,592$4,142$3,733$2,693
11 years$5,062$4,527$4,042$3,604$3,210$2,228
12 years$4,593$4,063$3,587$3,162$2,782$1,856
13 years$4,196$3,672$3,205$2,791$2,426$1,555
14 years$3,857$3,338$2,880$2,478$2,126$1,308
15 years$3,562$3,049$2,600$2,210$1,872$1,104
16 years$3,305$2,798$2,357$1,979$1,655$935
17 years$3,078$2,576$2,145$1,778$1,467$793
18 years$2,877$2,381$1,958$1,602$1,305$675
19 years$2,697$2,206$1,793$1,448$1,163$575
20 years$2,535$2,050$1,645$1,311$1,039$491
21 years$2,389$1,910$1,513$1,190$929$419
22 years$2,257$1,783$1,395$1,082$833$359
23 years$2,136$1,667$1,288$985$748$307
24 years$2,025$1,562$1,191$899$672$263
25 years$1,923$1,466$1,103$821$605$225
26 years$1,830$1,378$1,023$750$545$193
27 years$1,743$1,297$950$687$491$166
28 years$1,663$1,222$883$629$443$142
29 years$1,588$1,153$822$577$400$122
30 years$1,519$1,089$766$530$362$105
31 years$1,454$1,029$714$486$327$90
32 years$1,393$974$666$447$296$78
33 years$1,336$922$622$411$268$67
34 years$1,283$874$581$378$242$57
35 years$1,232$829$543$348$219$49
36 years$1,185$787$508$321$199$42
37 years$1,140$747$476$295$180$36
38 years$1,098$710$445$272$163$31
39 years$1,058$675$417$251$148$27
40 years$1,020$643$391$232$134$23
41 years$984$612$367$214$122$20
42 years$950$582$344$197$111$17
43 years$917$555$323$182$100$15
44 years$886$529$303$168$91$13
45 years$857$504$284$155$83$11
46 years$829$481$267$143$75$9
47 years$802$459$251$132$68$8
48 years$776$438$236$122$62$7
49 years$752$419$222$113$56$6
50 years$728$400$208$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $746,000, adding $2,411 every year, while hoping to spend $45,299 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: 29/45/26 Blend
39$746,000$746,000$746,000$746,000
40$824,579$785,041$773,478$841,789
41$860,488$775,310$751,192$845,741
42$898,542$763,584$726,641$845,861
43$938,911$749,718$699,701$845,073
44$981,783$733,557$670,243$843,326
45$1,027,361$714,937$638,133$840,575
46$1,075,869$693,687$603,228$836,770
47$1,127,552$669,622$565,381$831,865
48$1,182,679$642,549$524,437$825,811
49$1,241,541$612,264$480,235$818,562
50$1,304,462$578,548$432,607$810,074
51$1,371,794$541,174$381,376$800,304
52$1,443,924$499,898$326,358$789,212
53$1,521,275$454,464$267,362$776,761
54$1,604,313$404,601$204,187$762,917
55$1,693,549$350,022$136,623$747,654
56$1,789,543$290,425$64,452$730,947
57$1,892,911$225,491$0$712,783
58$2,004,329$154,881$0$696,640
59$2,124,539$78,239$0$698,342
60$2,254,358$0$0$700,072
61$2,394,681$0$0$704,312
62$2,546,494$0$0$750,907
63$2,710,880$0$0$801,461
64$2,889,029$0$0$856,350
65$3,082,252$0$0$915,992
66$3,291,987$0$0$980,844
67$3,519,819$0$0$1,051,412
68$3,767,489$0$0$1,128,248
69$4,036,913$0$0$1,211,964
70$4,330,201$0$0$1,303,231
71$4,649,673$0$0$1,402,789
72$4,997,880$0$0$1,511,450
73$5,377,634$0$0$1,630,110
74$5,792,027$0$0$1,759,754
75$6,244,464$0$0$1,901,469
76$6,738,690$0$0$2,056,449
77$7,278,833$0$0$2,226,009
78$7,869,433$0$0$2,411,598
79$8,515,491$0$0$2,614,811
80$9,222,514$0$0$2,837,404
81$9,996,564$0$0$3,081,312
82$10,844,317$0$0$3,348,665
83$11,773,127$0$0$3,641,810
84$12,791,090$0$0$3,963,330
85$13,907,124$0$0$4,316,073
86$15,131,051$0$0$4,703,172
87$16,473,688$0$0$5,128,081
88$17,946,952$0$0$5,594,604
89$19,563,966$0$0$6,106,932
90$21,339,188$0$0$6,669,679
91$23,288,543$0$0$7,287,933
92$25,429,574$0$0$7,967,293
93$27,781,607$0$0$8,713,931
94$30,365,931$0$0$9,534,647
95$33,206,000$0$0$10,436,931
96$36,327,652$0$0$11,429,035
97$39,759,354$0$0$12,520,051
98$43,532,468$0$0$13,719,996
99$47,681,545$0$0$15,039,906
100$52,244,654$0$0$16,491,943