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 $6,538 every year, while hoping to spend $27,874 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: 77/15/8 Blend
39$748,000$748,000$748,000$748,000
40$831,040$791,396$779,802$893,574
41$886,148$800,517$776,268$944,702
42$945,943$809,150$771,681$996,503
43$1,010,874$817,243$765,976$1,052,486
44$1,081,434$824,738$759,087$1,113,057
45$1,158,165$831,575$750,941$1,178,659
46$1,241,665$837,690$741,466$1,249,785
47$1,332,592$843,013$730,581$1,326,974
48$1,431,667$847,472$718,207$1,410,822
49$1,539,688$850,989$704,257$1,501,985
50$1,657,530$853,481$688,643$1,601,185
51$1,786,156$854,860$671,271$1,709,219
52$1,926,628$855,032$652,043$1,826,966
53$2,080,114$853,899$630,857$1,955,392
54$2,247,901$851,355$607,605$2,095,562
55$2,431,403$847,288$582,177$2,248,653
56$2,632,181$841,579$554,454$2,415,959
57$2,851,951$834,104$524,315$2,598,905
58$3,092,602$824,727$491,632$2,799,066
59$3,356,217$813,309$456,272$3,018,174
60$3,645,088$799,698$418,094$3,258,139
61$3,961,740$783,736$376,953$3,521,067
62$4,308,953$765,255$332,697$3,809,278
63$4,689,791$744,076$285,166$4,125,330
64$5,107,625$720,012$234,195$4,472,042
65$5,566,172$692,861$179,609$4,852,521
66$6,069,524$662,414$121,229$5,270,192
67$6,622,189$628,446$58,864$5,728,829
68$7,229,134$590,722$0$6,232,593
69$7,895,829$548,991$0$6,786,727
70$8,628,301$502,988$0$7,401,033
71$9,433,188$452,435$0$8,076,071
72$10,317,805$397,036$0$8,818,001
73$11,290,210$336,479$0$9,633,611
74$12,359,279$270,435$0$10,530,382
75$13,534,794$198,554$0$11,516,558
76$14,827,529$120,470$0$12,601,225
77$16,249,357$35,794$0$13,794,395
78$17,813,359$0$0$15,107,105
79$19,533,946$0$0$16,560,737
80$21,426,997$0$0$18,166,607
81$23,510,007$0$0$19,933,650
82$25,802,254$0$0$21,878,224
83$28,324,979$0$0$24,018,353
84$31,101,585$0$0$26,373,893
85$34,157,859$0$0$28,966,727
86$37,522,217$0$0$31,820,966
87$41,225,968$0$0$34,963,175
88$45,303,610$0$0$38,422,628
89$49,793,158$0$0$42,231,582
90$54,736,501$0$0$46,425,578
91$60,179,794$0$0$51,043,784
92$66,173,899$0$0$56,129,354
93$72,774,859$0$0$61,729,845
94$80,044,430$0$0$67,897,657
95$88,050,664$0$0$74,690,534
96$96,868,547$0$0$82,172,106
97$106,580,710$0$0$90,412,486
98$117,278,209$0$0$99,488,938
99$129,061,380$0$0$109,486,601
100$142,040,790$0$0$120,499,294