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%12%
1 years$61,769$61,219$60,682$60,158$59,647$59,147
2 years$30,579$30,009$29,457$28,922$28,403$27,899
3 years$20,183$19,611$19,061$18,531$18,020$17,528
4 years$14,987$14,416$13,871$13,350$12,852$12,376
5 years$11,869$11,303$10,765$10,254$9,770$9,310
6 years$9,792$9,229$8,700$8,200$7,731$7,288
7 years$8,309$7,751$7,229$6,742$6,287$5,862
8 years$7,197$6,644$6,131$5,656$5,216$4,809
9 years$6,332$5,785$5,281$4,817$4,392$4,003
10 years$5,641$5,099$4,604$4,153$3,743$3,370
11 years$5,076$4,539$4,053$3,614$3,219$2,864
12 years$4,605$4,074$3,597$3,170$2,789$2,451
13 years$4,208$3,682$3,214$2,799$2,432$2,110
14 years$3,867$3,347$2,888$2,484$2,132$1,826
15 years$3,572$3,057$2,607$2,216$1,877$1,587
16 years$3,314$2,805$2,364$1,984$1,659$1,383
17 years$3,087$2,583$2,151$1,782$1,471$1,210
18 years$2,885$2,387$1,963$1,606$1,308$1,061
19 years$2,704$2,212$1,797$1,451$1,166$932
20 years$2,542$2,056$1,650$1,315$1,041$821
21 years$2,396$1,915$1,517$1,193$932$724
22 years$2,263$1,788$1,398$1,085$835$639
23 years$2,141$1,672$1,291$988$750$565
24 years$2,030$1,566$1,194$901$674$501
25 years$1,928$1,470$1,106$823$606$444
26 years$1,834$1,382$1,026$752$546$393
27 years$1,748$1,300$953$689$493$349
28 years$1,667$1,225$886$631$444$310
29 years$1,592$1,156$824$579$401$276
30 years$1,523$1,092$768$531$363$245
31 years$1,458$1,032$716$488$328$218
32 years$1,397$976$668$448$297$194
33 years$1,340$925$623$412$268$173
34 years$1,286$876$582$379$243$154
35 years$1,236$831$545$349$220$137
36 years$1,188$789$509$322$199$122
37 years$1,143$749$477$296$181$109
38 years$1,101$712$447$273$164$97
39 years$1,061$677$418$252$149$86
40 years$1,023$644$392$232$135$77
41 years$987$613$368$214$122$69
42 years$952$584$345$198$111$61
43 years$920$556$324$183$101$55
44 years$889$530$304$169$91$49
45 years$859$506$285$156$83$44
46 years$831$483$268$144$75$39
47 years$804$460$252$133$68$35
48 years$778$440$237$123$62$31
49 years$754$420$222$113$56$28
50 years$730$401$209$105$51$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $748,000, adding $3,427 every year, while hoping to spend $44,354 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: 73/14/13 Blend
39$748,000$748,000$748,000$748,000
40$827,831$788,187$776,593$885,746
41$865,077$779,616$755,417$915,952
42$904,636$769,138$732,044$943,224
43$946,697$756,614$706,355$971,901
44$991,466$741,894$678,224$1,002,110
45$1,039,170$724,821$647,519$1,033,993
46$1,090,057$705,229$614,103$1,067,707
47$1,144,399$682,941$577,831$1,103,425
48$1,202,493$657,770$538,554$1,141,338
49$1,264,665$629,519$496,113$1,181,661
50$1,331,274$597,978$450,346$1,224,627
51$1,402,712$562,927$401,080$1,270,497
52$1,479,409$524,131$348,137$1,319,560
53$1,561,838$481,343$291,330$1,372,134
54$1,650,519$434,302$230,462$1,428,573
55$1,746,020$382,731$165,331$1,489,266
56$1,848,967$326,338$95,723$1,554,645
57$1,960,048$264,815$21,415$1,625,189
58$2,080,018$197,836$0$1,701,427
59$2,209,705$125,055$0$1,791,970
60$2,350,023$46,111$0$1,893,130
61$2,501,974$0$0$2,002,683
62$2,666,659$0$0$2,127,521
63$2,845,291$0$0$2,270,666
64$3,039,203$0$0$2,426,085
65$3,249,860$0$0$2,594,957
66$3,478,874$0$0$2,778,578
67$3,728,020$0$0$2,978,375
68$3,999,249$0$0$3,195,917
69$4,294,710$0$0$3,432,931
70$4,616,765$0$0$3,691,319
71$4,968,015$0$0$3,973,171
72$5,351,323$0$0$4,280,790
73$5,769,841$0$0$4,616,711
74$6,227,037$0$0$4,983,723
75$6,726,731$0$0$5,384,897
76$7,273,126$0$0$5,823,616
77$7,870,852$0$0$6,303,602
78$8,525,005$0$0$6,828,954
79$9,241,199$0$0$7,404,188
80$10,025,615$0$0$8,034,274
81$10,885,057$0$0$8,724,687
82$11,827,023$0$0$9,481,456
83$12,859,768$0$0$10,311,221
84$13,992,384$0$0$11,221,295
85$15,234,885$0$0$12,219,735
86$16,598,303$0$0$13,315,413
87$18,094,788$0$0$14,518,101
88$19,737,723$0$0$15,838,566
89$21,541,851$0$0$17,288,666
90$23,523,413$0$0$18,881,466
91$25,700,300$0$0$20,631,355
92$28,092,220$0$0$22,554,189
93$30,720,887$0$0$24,667,433
94$33,610,220$0$0$26,990,328
95$36,786,574$0$0$29,544,072
96$40,278,980$0$0$32,352,022
97$44,119,428$0$0$35,439,909
98$48,343,159$0$0$38,836,080
99$52,989,002$0$0$42,571,773
100$58,099,739$0$0$46,681,400