Can I retire at age 40 with 749,000?

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 $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%11.4%
1 years$61,852$61,301$60,763$60,239$59,726$59,375
2 years$30,620$30,049$29,497$28,961$28,441$28,086
3 years$20,210$19,638$19,086$18,556$18,044$17,697
4 years$15,007$14,436$13,890$13,368$12,869$12,533
5 years$11,885$11,318$10,779$10,268$9,783$9,458
6 years$9,805$9,242$8,711$8,211$7,741$7,428
7 years$8,320$7,761$7,239$6,751$6,295$5,995
8 years$7,206$6,653$6,139$5,663$5,223$4,934
9 years$6,341$5,792$5,288$4,824$4,398$4,122
10 years$5,649$5,106$4,610$4,158$3,748$3,483
11 years$5,083$4,545$4,059$3,619$3,223$2,970
12 years$4,612$4,080$3,602$3,174$2,793$2,552
13 years$4,213$3,687$3,218$2,802$2,436$2,205
14 years$3,872$3,351$2,891$2,488$2,135$1,916
15 years$3,577$3,061$2,611$2,219$1,880$1,671
16 years$3,318$2,809$2,367$1,986$1,661$1,463
17 years$3,091$2,587$2,154$1,785$1,473$1,285
18 years$2,889$2,390$1,966$1,608$1,310$1,132
19 years$2,708$2,215$1,800$1,453$1,167$999
20 years$2,546$2,059$1,652$1,316$1,043$883
21 years$2,399$1,917$1,519$1,195$933$782
22 years$2,266$1,790$1,400$1,086$836$694
23 years$2,144$1,674$1,293$989$751$617
24 years$2,033$1,568$1,196$902$675$548
25 years$1,931$1,472$1,108$824$607$488
26 years$1,837$1,383$1,027$753$547$435
27 years$1,750$1,302$954$690$493$388
28 years$1,669$1,227$887$632$445$346
29 years$1,594$1,157$825$579$402$309
30 years$1,525$1,093$769$532$363$276
31 years$1,459$1,033$717$488$328$247
32 years$1,399$978$669$449$297$221
33 years$1,341$926$624$413$269$198
34 years$1,288$878$583$380$243$177
35 years$1,237$832$545$350$220$158
36 years$1,190$790$510$322$200$142
37 years$1,145$750$477$297$181$127
38 years$1,102$713$447$273$164$114
39 years$1,062$678$419$252$149$102
40 years$1,024$645$393$233$135$91
41 years$988$614$368$215$122$82
42 years$954$585$345$198$111$73
43 years$921$557$324$183$101$66
44 years$890$531$304$169$92$59
45 years$860$506$286$156$83$53
46 years$832$483$268$144$75$48
47 years$805$461$252$133$68$43
48 years$779$440$237$123$62$38
49 years$755$420$223$114$56$34
50 years$731$402$209$105$51$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $749,000, adding $6,104 every year, while hoping to spend $25,333 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: 81/6/13 Blend
39$749,000$749,000$749,000$749,000
40$831,694$791,997$780,388$896,518
41$889,573$803,851$779,577$951,809
42$952,506$815,437$777,889$1,008,563
43$1,020,983$826,714$775,270$1,070,123
44$1,095,541$837,641$771,659$1,136,959
45$1,176,772$848,171$766,995$1,209,587
46$1,265,327$858,256$761,214$1,288,578
47$1,361,924$867,843$754,248$1,374,559
48$1,467,350$876,878$746,026$1,468,220
49$1,582,475$885,301$736,473$1,570,325
50$1,708,255$893,048$725,512$1,681,711
51$1,845,742$900,052$713,062$1,803,304
52$1,996,095$906,242$699,036$1,936,121
53$2,160,590$911,540$683,347$2,081,285
54$2,340,631$915,867$665,900$2,240,033
55$2,537,765$919,135$646,598$2,413,726
56$2,753,697$921,252$625,339$2,603,865
57$2,990,302$922,121$602,015$2,812,106
58$3,249,646$921,638$576,516$3,040,271
59$3,534,004$919,693$548,724$3,290,367
60$3,845,883$916,168$518,517$3,564,610
61$4,188,044$910,941$485,767$3,865,438
62$4,563,525$903,878$450,342$4,195,538
63$4,975,678$894,841$412,101$4,557,874
64$5,428,190$883,681$370,899$4,955,708
65$5,925,126$870,242$326,585$5,392,639
66$6,470,962$854,357$278,999$5,872,630
67$7,070,629$835,850$227,974$6,400,051
68$7,729,561$814,534$173,339$6,979,716
69$8,453,742$790,213$114,912$7,616,930
70$9,249,767$762,676$52,505$8,317,542
71$10,124,899$731,703$0$9,087,994
72$11,087,142$697,059$0$9,937,344
73$12,145,312$658,497$0$10,879,363
74$13,309,126$615,755$0$11,915,414
75$14,589,285$568,556$0$13,055,035
76$15,997,584$516,607$0$14,308,732
77$17,547,016$459,599$0$15,688,086
78$19,251,896$397,204$0$17,205,853
79$21,127,999$329,076$0$18,876,094
80$23,192,705$254,852$0$20,714,298
81$25,465,166$174,144$0$22,737,535
82$27,966,482$86,546$0$24,964,616
83$30,719,904$0$0$27,416,267
84$33,751,051$0$0$30,115,880
85$37,088,154$0$0$33,094,299
86$40,762,318$0$0$36,373,574
87$44,807,818$0$0$39,984,300
88$49,262,423$0$0$43,960,190
89$54,167,751$0$0$48,338,392
90$59,569,659$0$0$53,159,840
91$65,518,682$0$0$58,469,640
92$72,070,502$0$0$64,317,495
93$79,286,478$0$0$70,758,176
94$87,234,224$0$0$77,852,036
95$95,988,247$0$0$85,665,581
96$105,630,649$0$0$94,272,094
97$116,251,901$0$0$103,752,334
98$127,951,698$0$0$114,195,290
99$140,839,902$0$0$125,699,024
100$155,037,572$0$0$138,371,597