Can I retire at age 40 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$61,769$61,219$60,682$60,158$59,647$57,325
2 years$30,579$30,009$29,457$28,922$28,403$26,093
3 years$20,183$19,611$19,061$18,531$18,020$15,793
4 years$14,987$14,416$13,871$13,350$12,852$10,725
5 years$11,869$11,303$10,765$10,254$9,770$7,749
6 years$9,792$9,229$8,700$8,200$7,731$5,817
7 years$8,309$7,751$7,229$6,742$6,287$4,480
8 years$7,197$6,644$6,131$5,656$5,216$3,513
9 years$6,332$5,785$5,281$4,817$4,392$2,792
10 years$5,641$5,099$4,604$4,153$3,743$2,241
11 years$5,076$4,539$4,053$3,614$3,219$1,813
12 years$4,605$4,074$3,597$3,170$2,789$1,476
13 years$4,208$3,682$3,214$2,799$2,432$1,207
14 years$3,867$3,347$2,888$2,484$2,132$991
15 years$3,572$3,057$2,607$2,216$1,877$816
16 years$3,314$2,805$2,364$1,984$1,659$674
17 years$3,087$2,583$2,151$1,782$1,471$557
18 years$2,885$2,387$1,963$1,606$1,308$462
19 years$2,704$2,212$1,797$1,451$1,166$383
20 years$2,542$2,056$1,650$1,315$1,041$318
21 years$2,396$1,915$1,517$1,193$932$265
22 years$2,263$1,788$1,398$1,085$835$220
23 years$2,141$1,672$1,291$988$750$184
24 years$2,030$1,566$1,194$901$674$153
25 years$1,928$1,470$1,106$823$606$127
26 years$1,834$1,382$1,026$752$546$106
27 years$1,748$1,300$953$689$493$89
28 years$1,667$1,225$886$631$444$74
29 years$1,592$1,156$824$579$401$62
30 years$1,523$1,092$768$531$363$52
31 years$1,458$1,032$716$488$328$43
32 years$1,397$976$668$448$297$36
33 years$1,340$925$623$412$268$30
34 years$1,286$876$582$379$243$25
35 years$1,236$831$545$349$220$21
36 years$1,188$789$509$322$199$17
37 years$1,143$749$477$296$181$15
38 years$1,101$712$447$273$164$12
39 years$1,061$677$418$252$149$10
40 years$1,023$644$392$232$135$8
41 years$987$613$368$214$122$7
42 years$952$584$345$198$111$6
43 years$920$556$324$183$101$5
44 years$889$530$304$169$91$4
45 years$859$506$285$156$83$3
46 years$831$483$268$144$75$3
47 years$804$460$252$133$68$2
48 years$778$440$237$123$62$2
49 years$754$420$222$113$56$2
50 years$730$401$209$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $748,000, adding $5,830 every year, while hoping to spend $20,949 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: 48/37/15 Blend
39$748,000$748,000$748,000$748,000
40$830,310$790,666$779,072$866,424
41$892,712$807,119$782,881$908,449
42$960,777$823,676$786,116$951,431
43$1,035,060$840,320$788,735$997,643
44$1,116,173$857,033$790,694$1,047,392
45$1,204,789$873,794$791,949$1,101,022
46$1,301,649$890,581$792,451$1,158,908
47$1,407,569$907,371$792,150$1,221,465
48$1,523,447$924,138$790,993$1,289,149
49$1,650,272$940,855$788,925$1,362,465
50$1,789,134$957,491$785,887$1,441,968
51$1,941,231$974,013$781,820$1,528,271
52$2,107,884$990,388$776,659$1,622,048
53$2,290,549$1,006,577$770,338$1,724,046
54$2,490,827$1,022,542$762,786$1,835,084
55$2,710,483$1,038,237$753,930$1,956,067
56$2,951,459$1,053,618$743,694$2,087,995
57$3,215,897$1,068,635$731,997$2,231,968
58$3,506,154$1,083,234$718,755$2,389,199
59$3,824,829$1,097,358$703,880$2,561,027
60$4,174,780$1,110,948$687,279$2,748,927
61$4,559,162$1,123,938$668,856$2,954,527
62$4,981,444$1,136,259$648,511$3,179,620
63$5,445,453$1,147,838$626,138$3,426,184
64$5,955,401$1,158,594$601,626$3,696,402
65$6,515,932$1,168,444$574,860$3,992,677
66$7,132,158$1,177,300$545,719$4,317,662
67$7,809,715$1,185,064$514,077$4,674,281
68$8,554,811$1,191,637$479,803$5,065,758
69$9,374,283$1,196,909$442,759$5,495,646
70$10,275,669$1,200,766$402,800$5,967,867
71$11,267,271$1,203,087$359,777$6,486,740
72$12,358,235$1,203,741$313,532$7,057,029
73$13,558,641$1,202,591$263,902$7,683,988
74$14,879,595$1,199,490$210,715$8,373,408
75$16,333,332$1,194,283$153,792$9,131,672
76$17,933,335$1,186,806$92,947$9,965,820
77$19,694,459$1,176,883$27,985$10,883,612
78$21,633,073$1,164,330$0$11,893,604
79$23,767,214$1,148,950$0$13,011,842
80$26,116,756$1,130,535$0$14,247,319
81$28,703,598$1,108,864$0$15,607,049
82$31,551,870$1,083,703$0$17,103,704
83$34,688,161$1,054,805$0$18,751,253
84$38,141,772$1,021,908$0$20,565,092
85$41,944,986$984,735$0$22,562,191
86$46,133,380$942,993$0$24,761,255
87$50,746,155$896,370$0$27,182,897
88$55,826,509$844,538$0$29,849,842
89$61,422,043$787,150$0$32,787,131
90$67,585,210$723,840$0$36,022,370
91$74,373,811$654,217$0$39,585,979
92$81,851,539$577,873$0$43,511,492
93$90,088,580$494,373$0$47,835,866
94$99,162,278$403,260$0$52,599,833
95$109,157,859$304,049$0$57,848,288
96$120,169,243$196,229$0$63,630,710
97$132,299,921$79,260$0$70,001,635
98$145,663,942$0$0$77,021,165
99$160,386,980$0$0$84,774,855
100$176,607,525$0$0$93,352,876