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%17.8%
1 years$61,852$61,301$60,763$60,239$59,726$57,838
2 years$30,620$30,049$29,497$28,961$28,441$26,555
3 years$20,210$19,638$19,086$18,556$18,044$16,221
4 years$15,007$14,436$13,890$13,368$12,869$11,122
5 years$11,885$11,318$10,779$10,268$9,783$8,116
6 years$9,805$9,242$8,711$8,211$7,741$6,157
7 years$8,320$7,761$7,239$6,751$6,295$4,793
8 years$7,206$6,653$6,139$5,663$5,223$3,801
9 years$6,341$5,792$5,288$4,824$4,398$3,057
10 years$5,649$5,106$4,610$4,158$3,748$2,483
11 years$5,083$4,545$4,059$3,619$3,223$2,034
12 years$4,612$4,080$3,602$3,174$2,793$1,677
13 years$4,213$3,687$3,218$2,802$2,436$1,389
14 years$3,872$3,351$2,891$2,488$2,135$1,156
15 years$3,577$3,061$2,611$2,219$1,880$965
16 years$3,318$2,809$2,367$1,986$1,661$807
17 years$3,091$2,587$2,154$1,785$1,473$677
18 years$2,889$2,390$1,966$1,608$1,310$569
19 years$2,708$2,215$1,800$1,453$1,167$479
20 years$2,546$2,059$1,652$1,316$1,043$404
21 years$2,399$1,917$1,519$1,195$933$341
22 years$2,266$1,790$1,400$1,086$836$288
23 years$2,144$1,674$1,293$989$751$243
24 years$2,033$1,568$1,196$902$675$206
25 years$1,931$1,472$1,108$824$607$174
26 years$1,837$1,383$1,027$753$547$148
27 years$1,750$1,302$954$690$493$125
28 years$1,669$1,227$887$632$445$106
29 years$1,594$1,157$825$579$402$90
30 years$1,525$1,093$769$532$363$76
31 years$1,459$1,033$717$488$328$65
32 years$1,399$978$669$449$297$55
33 years$1,341$926$624$413$269$46
34 years$1,288$878$583$380$243$39
35 years$1,237$832$545$350$220$33
36 years$1,190$790$510$322$200$28
37 years$1,145$750$477$297$181$24
38 years$1,102$713$447$273$164$20
39 years$1,062$678$419$252$149$17
40 years$1,024$645$393$233$135$15
41 years$988$614$368$215$122$12
42 years$954$585$345$198$111$11
43 years$921$557$324$183$101$9
44 years$890$531$304$169$92$8
45 years$860$506$286$156$83$6
46 years$832$483$268$144$75$5
47 years$805$461$252$133$68$5
48 years$779$440$237$123$62$4
49 years$755$420$223$114$56$3
50 years$731$402$209$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $749,000, adding $3,015 every year, while hoping to spend $38,867 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: 41/43/16 Blend
39$749,000$749,000$749,000$749,000
40$828,508$788,811$777,201$858,451
41$871,662$786,109$761,884$877,232
42$917,914$781,971$744,750$893,519
43$967,541$776,287$725,698$910,319
44$1,020,844$768,939$704,623$927,697
45$1,078,153$759,800$681,411$945,728
46$1,139,834$748,740$655,948$964,497
47$1,206,285$735,616$628,110$984,102
48$1,277,945$720,280$597,770$1,004,652
49$1,355,296$702,574$564,796$1,026,272
50$1,438,867$682,331$529,047$1,049,102
51$1,529,240$659,374$490,379$1,073,303
52$1,627,055$633,515$448,639$1,099,053
53$1,733,014$604,558$403,669$1,126,554
54$1,847,892$572,291$355,302$1,156,035
55$1,972,538$536,494$303,365$1,187,750
56$2,107,886$496,932$247,678$1,221,986
57$2,254,966$453,357$188,050$1,259,066
58$2,414,908$405,507$124,286$1,299,350
59$2,588,957$353,106$56,178$1,343,240
60$2,778,483$295,860$0$1,391,189
61$2,984,993$233,461$0$1,446,519
62$3,210,143$165,583$0$1,517,394
63$3,455,761$91,879$0$1,594,881
64$3,723,855$11,987$0$1,679,724
65$4,016,636$0$0$1,772,748
66$4,336,538$0$0$1,910,111
67$4,686,242$0$0$2,066,564
68$5,068,697$0$0$2,237,765
69$5,487,154$0$0$2,425,183
70$5,945,189$0$0$2,630,430
71$6,446,742$0$0$2,855,287
72$6,996,150$0$0$3,101,709
73$7,598,190$0$0$3,371,856
74$8,258,125$0$0$3,668,101
75$8,981,747$0$0$3,993,061
76$9,775,440$0$0$4,349,617
77$10,646,232$0$0$4,740,944
78$11,601,867$0$0$5,170,538
79$12,650,873$0$0$5,642,250
80$13,802,644$0$0$6,160,323
81$15,067,529$0$0$6,729,430
82$16,456,928$0$0$7,354,719
83$17,983,401$0$0$8,041,863
84$19,660,781$0$0$8,797,110
85$21,504,311$0$0$9,627,344
86$23,530,782$0$0$10,540,149
87$25,758,694$0$0$11,543,881
88$28,208,427$0$0$12,647,745
89$30,902,437$0$0$13,861,885
90$33,865,464$0$0$15,197,476
91$37,124,765$0$0$16,666,829
92$40,710,373$0$0$18,283,512
93$44,655,379$0$0$20,062,472
94$48,996,240$0$0$22,020,177
95$53,773,128$0$0$24,174,776
96$59,030,305$0$0$26,546,262
97$64,816,543$0$0$29,156,669
98$71,185,580$0$0$32,030,271
99$78,196,627$0$0$35,193,820
100$85,914,930$0$0$38,676,788