Can I retire at age 40 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$61,687$61,137$60,601$60,078$59,567$57,822
2 years$30,538$29,969$29,418$28,884$28,365$26,622
3 years$20,156$19,585$19,035$18,506$17,996$16,308
4 years$14,967$14,397$13,853$13,333$12,835$11,216
5 years$11,854$11,288$10,750$10,241$9,757$8,211
6 years$9,779$9,217$8,688$8,190$7,720$6,249
7 years$8,298$7,741$7,220$6,733$6,279$4,882
8 years$7,187$6,635$6,123$5,648$5,209$3,885
9 years$6,324$5,777$5,274$4,811$4,387$3,135
10 years$5,634$5,092$4,598$4,147$3,738$2,557
11 years$5,069$4,533$4,048$3,609$3,214$2,102
12 years$4,599$4,069$3,592$3,166$2,786$1,740
13 years$4,202$3,677$3,209$2,795$2,429$1,447
14 years$3,862$3,342$2,884$2,481$2,129$1,209
15 years$3,567$3,053$2,604$2,213$1,875$1,014
16 years$3,309$2,801$2,361$1,981$1,657$852
17 years$3,082$2,580$2,148$1,780$1,469$718
18 years$2,881$2,384$1,961$1,604$1,306$606
19 years$2,701$2,209$1,795$1,450$1,164$513
20 years$2,539$2,053$1,647$1,313$1,040$434
21 years$2,392$1,912$1,515$1,191$931$368
22 years$2,260$1,785$1,397$1,083$834$312
23 years$2,139$1,670$1,289$987$749$265
24 years$2,028$1,564$1,193$900$673$225
25 years$1,926$1,468$1,105$822$606$192
26 years$1,832$1,380$1,024$751$546$163
27 years$1,745$1,298$951$688$492$139
28 years$1,665$1,224$884$630$444$118
29 years$1,590$1,154$823$578$401$101
30 years$1,521$1,090$767$530$362$86
31 years$1,456$1,030$715$487$327$73
32 years$1,395$975$667$448$296$62
33 years$1,338$923$623$412$268$53
34 years$1,284$875$582$379$243$45
35 years$1,234$830$544$349$220$39
36 years$1,186$788$509$321$199$33
37 years$1,142$748$476$296$180$28
38 years$1,099$711$446$273$164$24
39 years$1,059$676$418$251$148$20
40 years$1,021$643$392$232$135$17
41 years$985$612$367$214$122$15
42 years$951$583$344$197$111$13
43 years$919$556$323$182$101$11
44 years$888$530$303$168$91$9
45 years$858$505$285$155$83$8
46 years$830$482$268$144$75$7
47 years$803$460$251$133$68$6
48 years$777$439$236$123$62$5
49 years$753$419$222$113$56$4
50 years$729$400$209$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $747,000, adding $5,186 every year, while hoping to spend $45,316 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: 66/10/24 Blend
39$747,000$747,000$747,000$747,000
40$828,543$788,952$777,374$877,768
41$864,839$779,395$755,200$901,963
42$903,318$767,851$730,765$922,799
43$944,155$754,174$703,944$944,539
44$987,541$738,211$674,609$967,274
45$1,033,686$719,800$642,624$991,105
46$1,082,819$698,766$607,848$1,016,146
47$1,135,189$674,929$570,134$1,042,523
48$1,191,072$648,093$529,327$1,070,378
49$1,250,768$618,056$485,266$1,099,867
50$1,314,606$584,601$437,782$1,131,167
51$1,382,948$547,498$386,700$1,164,472
52$1,456,189$506,507$331,835$1,200,000
53$1,534,765$461,370$272,996$1,237,992
54$1,619,152$411,819$209,982$1,278,717
55$1,709,874$357,566$142,585$1,322,475
56$1,807,504$298,310$70,585$1,369,597
57$1,912,675$233,732$0$1,420,452
58$2,026,078$163,495$0$1,477,052
59$2,148,475$87,244$0$1,557,643
60$2,280,702$4,602$0$1,644,700
61$2,423,679$0$0$1,738,849
62$2,578,415$0$0$1,850,116
63$2,746,021$0$0$1,971,225
64$2,927,718$0$0$2,102,557
65$3,124,849$0$0$2,245,089
66$3,338,890$0$0$2,399,893
67$3,571,465$0$0$2,568,151
68$3,824,361$0$0$2,751,159
69$4,099,543$0$0$2,950,348
70$4,399,175$0$0$3,167,290
71$4,725,636$0$0$3,403,713
72$5,081,545$0$0$3,661,522
73$5,469,784$0$0$3,942,813
74$5,893,526$0$0$4,249,892
75$6,356,263$0$0$4,585,298
76$6,861,840$0$0$4,951,825
77$7,414,488$0$0$5,352,551
78$8,018,868$0$0$5,790,863
79$8,680,110$0$0$6,270,493
80$9,403,863$0$0$6,795,548
81$10,196,348$0$0$7,370,549
82$11,064,415$0$0$8,000,480
83$12,015,608$0$0$8,690,825
84$13,058,235$0$0$9,447,625
85$14,201,447$0$0$10,277,534
86$15,455,322$0$0$11,187,881
87$16,830,960$0$0$12,186,738
88$18,340,587$0$0$13,282,996
89$19,997,672$0$0$14,486,447
90$21,817,050$0$0$15,807,882
91$23,815,061$0$0$17,259,183
92$26,009,709$0$0$18,853,442
93$28,420,825$0$0$20,605,080
94$31,070,256$0$0$22,529,987
95$33,982,069$0$0$24,645,664
96$37,182,781$0$0$26,971,395
97$40,701,604$0$0$29,528,425
98$44,570,721$0$0$32,340,159
99$48,825,591$0$0$35,432,385
100$53,505,280$0$0$38,833,514