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%19.3%
1 years$61,604$61,055$60,520$59,997$59,487$57,263
2 years$30,497$29,929$29,379$28,845$28,327$26,112
3 years$20,129$19,559$19,010$18,481$17,972$15,835
4 years$14,947$14,378$13,834$13,315$12,818$10,775
5 years$11,838$11,272$10,736$10,227$9,744$7,802
6 years$9,766$9,205$8,676$8,179$7,710$5,869
7 years$8,286$7,730$7,210$6,724$6,270$4,530
8 years$7,177$6,626$6,115$5,641$5,202$3,561
9 years$6,315$5,769$5,267$4,805$4,381$2,837
10 years$5,626$5,085$4,592$4,142$3,733$2,283
11 years$5,062$4,527$4,042$3,604$3,210$1,852
12 years$4,593$4,063$3,587$3,162$2,782$1,512
13 years$4,196$3,672$3,205$2,791$2,426$1,240
14 years$3,857$3,338$2,880$2,478$2,126$1,021
15 years$3,562$3,049$2,600$2,210$1,872$843
16 years$3,305$2,798$2,357$1,979$1,655$698
17 years$3,078$2,576$2,145$1,778$1,467$579
18 years$2,877$2,381$1,958$1,602$1,305$481
19 years$2,697$2,206$1,793$1,448$1,163$401
20 years$2,535$2,050$1,645$1,311$1,039$334
21 years$2,389$1,910$1,513$1,190$929$278
22 years$2,257$1,783$1,395$1,082$833$232
23 years$2,136$1,667$1,288$985$748$194
24 years$2,025$1,562$1,191$899$672$162
25 years$1,923$1,466$1,103$821$605$136
26 years$1,830$1,378$1,023$750$545$114
27 years$1,743$1,297$950$687$491$95
28 years$1,663$1,222$883$629$443$80
29 years$1,588$1,153$822$577$400$67
30 years$1,519$1,089$766$530$362$56
31 years$1,454$1,029$714$486$327$47
32 years$1,393$974$666$447$296$39
33 years$1,336$922$622$411$268$33
34 years$1,283$874$581$378$242$27
35 years$1,232$829$543$348$219$23
36 years$1,185$787$508$321$199$19
37 years$1,140$747$476$295$180$16
38 years$1,098$710$445$272$163$14
39 years$1,058$675$417$251$148$11
40 years$1,020$643$391$232$134$10
41 years$984$612$367$214$122$8
42 years$950$582$344$197$111$7
43 years$917$555$323$182$100$6
44 years$886$529$303$168$91$5
45 years$857$504$284$155$83$4
46 years$829$481$267$143$75$3
47 years$802$459$251$132$68$3
48 years$776$438$236$122$62$2
49 years$752$419$222$113$56$2
50 years$728$400$208$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $746,000, adding $5,340 every year, while hoping to spend $28,175 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: 64/29/7 Blend
39$746,000$746,000$746,000$746,000
40$827,600$788,062$776,499$879,151
41$882,037$796,699$772,534$922,789
42$941,083$804,815$767,492$966,615
43$1,005,177$812,355$761,306$1,013,745
44$1,074,804$819,259$753,909$1,064,499
45$1,150,497$825,465$745,227$1,119,228
46$1,232,841$830,907$735,186$1,178,320
47$1,322,481$835,512$723,706$1,242,202
48$1,420,128$839,205$710,703$1,311,346
49$1,526,561$841,907$696,092$1,386,272
50$1,642,640$843,530$679,781$1,467,553
51$1,769,311$843,984$661,675$1,555,822
52$1,907,614$843,173$641,675$1,651,777
53$2,058,697$840,995$619,676$1,756,186
54$2,223,819$837,339$595,571$1,869,900
55$2,404,371$832,091$569,245$1,993,854
56$2,601,882$825,128$540,579$2,129,082
57$2,818,035$816,320$509,450$2,276,722
58$3,054,684$805,529$475,726$2,438,030
59$3,313,872$792,610$439,273$2,614,394
60$3,597,846$777,408$399,948$2,807,341
61$3,909,084$759,758$357,604$3,018,557
62$4,250,312$739,488$312,085$3,249,903
63$4,624,534$716,413$263,230$3,503,429
64$5,035,059$690,340$210,871$3,781,396
65$5,485,530$661,061$154,830$4,086,301
66$5,979,961$628,360$94,924$4,420,895
67$6,522,774$592,007$30,960$4,788,211
68$7,118,838$551,757$0$5,191,597
69$7,773,520$507,353$0$5,637,528
70$8,492,729$458,523$0$6,129,938
71$9,282,976$404,979$0$6,671,017
72$10,151,433$346,417$0$7,265,731
73$11,106,004$282,516$0$7,919,554
74$12,155,393$212,936$0$8,638,525
75$13,309,192$137,319$0$9,429,297
76$14,577,968$55,286$0$10,299,210
77$15,973,363$0$0$11,256,352
78$17,508,204$0$0$12,320,353
79$19,196,625$0$0$13,510,285
80$21,054,195$0$0$14,819,488
81$23,098,072$0$0$16,260,061
82$25,347,160$0$0$17,845,335
83$27,822,287$0$0$19,590,000
84$30,546,403$0$0$21,510,241
85$33,544,795$0$0$23,623,891
86$36,845,328$0$0$25,950,601
87$40,478,701$0$0$28,512,023
88$44,478,747$0$0$31,332,016
89$48,882,740$0$0$34,436,868
90$53,731,756$0$0$37,855,549
91$59,071,055$0$0$41,619,978
92$64,950,511$0$0$45,765,329
93$71,425,079$0$0$50,330,358
94$78,555,316$0$0$55,357,776
95$86,407,950$0$0$60,894,642
96$95,056,513$0$0$66,992,815
97$104,582,031$0$0$73,709,439
98$115,073,788$0$0$81,107,485
99$126,630,173$0$0$89,256,342
100$139,359,603$0$0$98,232,473