Can I retire at age 40 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$61,852$61,301$60,763$60,239$59,726$58,520
2 years$30,620$30,049$29,497$28,961$28,441$27,231
3 years$20,210$19,638$19,086$18,556$18,044$16,869
4 years$15,007$14,436$13,890$13,368$12,869$11,737
5 years$11,885$11,318$10,779$10,268$9,783$8,697
6 years$9,805$9,242$8,711$8,211$7,741$6,702
7 years$8,320$7,761$7,239$6,751$6,295$5,304
8 years$7,206$6,653$6,139$5,663$5,223$4,279
9 years$6,341$5,792$5,288$4,824$4,398$3,501
10 years$5,649$5,106$4,610$4,158$3,748$2,896
11 years$5,083$4,545$4,059$3,619$3,223$2,417
12 years$4,612$4,080$3,602$3,174$2,793$2,030
13 years$4,213$3,687$3,218$2,802$2,436$1,715
14 years$3,872$3,351$2,891$2,488$2,135$1,456
15 years$3,577$3,061$2,611$2,219$1,880$1,240
16 years$3,318$2,809$2,367$1,986$1,661$1,060
17 years$3,091$2,587$2,154$1,785$1,473$908
18 years$2,889$2,390$1,966$1,608$1,310$780
19 years$2,708$2,215$1,800$1,453$1,167$671
20 years$2,546$2,059$1,652$1,316$1,043$578
21 years$2,399$1,917$1,519$1,195$933$499
22 years$2,266$1,790$1,400$1,086$836$431
23 years$2,144$1,674$1,293$989$751$373
24 years$2,033$1,568$1,196$902$675$323
25 years$1,931$1,472$1,108$824$607$279
26 years$1,837$1,383$1,027$753$547$242
27 years$1,750$1,302$954$690$493$210
28 years$1,669$1,227$887$632$445$182
29 years$1,594$1,157$825$579$402$158
30 years$1,525$1,093$769$532$363$137
31 years$1,459$1,033$717$488$328$119
32 years$1,399$978$669$449$297$104
33 years$1,341$926$624$413$269$90
34 years$1,288$878$583$380$243$78
35 years$1,237$832$545$350$220$68
36 years$1,190$790$510$322$200$59
37 years$1,145$750$477$297$181$51
38 years$1,102$713$447$273$164$45
39 years$1,062$678$419$252$149$39
40 years$1,024$645$393$233$135$34
41 years$988$614$368$215$122$29
42 years$954$585$345$198$111$26
43 years$921$557$324$183$101$22
44 years$890$531$304$169$92$19
45 years$860$506$286$156$83$17
46 years$832$483$268$144$75$15
47 years$805$461$252$133$68$13
48 years$779$440$237$123$62$11
49 years$755$420$223$114$56$10
50 years$731$402$209$105$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $749,000, adding $2,975 every year, while hoping to spend $32,341 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: 69/16/15 Blend
39$749,000$749,000$749,000$749,000
40$828,467$788,770$777,160$882,560
41$878,560$793,009$768,785$923,183
42$932,678$796,372$759,044$963,479
43$991,199$798,781$747,860$1,006,740
44$1,054,535$800,156$735,147$1,053,256
45$1,123,142$800,408$720,819$1,103,343
46$1,197,520$799,445$704,784$1,157,354
47$1,278,219$797,170$686,946$1,215,673
48$1,365,843$793,477$667,204$1,278,730
49$1,461,059$788,257$645,455$1,346,994
50$1,564,597$781,391$621,588$1,420,985
51$1,677,263$772,757$595,488$1,501,278
52$1,799,943$762,221$567,036$1,588,506
53$1,933,611$749,644$536,106$1,683,366
54$2,079,342$734,879$502,568$1,786,629
55$2,238,314$717,767$466,283$1,899,147
56$2,411,828$698,144$427,110$2,021,857
57$2,601,315$675,834$384,899$2,155,794
58$2,808,349$650,650$339,493$2,302,101
59$3,034,665$622,395$290,729$2,462,037
60$3,282,170$590,861$238,438$2,636,994
61$3,552,966$555,829$182,441$2,828,504
62$3,849,368$517,064$122,552$3,038,260
63$4,173,925$474,321$58,579$3,268,127
64$4,529,441$427,339$0$3,520,166
65$4,919,008$375,843$0$3,798,198
66$5,346,030$319,541$0$4,113,283
67$5,814,254$258,128$0$4,458,834
68$6,327,808$191,277$0$4,837,937
69$6,891,242$118,647$0$5,253,990
70$7,509,562$39,874$0$5,710,742
71$8,188,287$0$0$6,212,323
72$8,933,493$0$0$6,771,284
73$9,751,875$0$0$7,392,886
74$10,650,808$0$0$8,075,716
75$11,638,416$0$0$8,825,950
76$12,723,648$0$0$9,650,394
77$13,916,365$0$0$10,556,543
78$15,227,428$0$0$11,552,655
79$16,668,805$0$0$12,647,831
80$18,253,680$0$0$13,852,095
81$19,996,579$0$0$15,176,489
82$21,913,505$0$0$16,633,184
83$24,022,093$0$0$18,235,585
84$26,341,769$0$0$19,998,465
85$28,893,938$0$0$21,938,098
86$31,702,186$0$0$24,072,417
87$34,792,499$0$0$26,421,181
88$38,193,510$0$0$29,006,159
89$41,936,767$0$0$31,851,342
90$46,057,033$0$0$34,983,159
91$50,592,612$0$0$38,430,735
92$55,585,710$0$0$42,226,162
93$61,082,832$0$0$46,404,801
94$67,135,223$0$0$51,005,615
95$73,799,349$0$0$56,071,539
96$81,137,431$0$0$61,649,883
97$89,218,029$0$0$67,792,778
98$98,116,692$0$0$74,557,669
99$107,916,669$0$0$82,007,854
100$118,709,694$0$0$90,213,085