Can I retire at age 40 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$62,017$61,464$60,926$60,399$59,886$58,062
2 years$30,701$30,130$29,575$29,038$28,517$26,695
3 years$20,264$19,690$19,137$18,605$18,092$16,330
4 years$15,047$14,474$13,927$13,404$12,904$11,213
5 years$11,917$11,348$10,808$10,295$9,809$8,196
6 years$9,831$9,266$8,734$8,233$7,762$6,227
7 years$8,342$7,782$7,258$6,769$6,312$4,857
8 years$7,226$6,671$6,156$5,678$5,237$3,859
9 years$6,358$5,808$5,302$4,837$4,410$3,108
10 years$5,664$5,119$4,622$4,169$3,758$2,530
11 years$5,096$4,558$4,069$3,629$3,232$2,076
12 years$4,624$4,091$3,611$3,183$2,800$1,715
13 years$4,224$3,697$3,227$2,810$2,442$1,424
14 years$3,882$3,360$2,899$2,494$2,141$1,187
15 years$3,586$3,070$2,618$2,224$1,885$993
16 years$3,327$2,816$2,373$1,992$1,666$833
17 years$3,099$2,594$2,159$1,790$1,477$700
18 years$2,896$2,397$1,971$1,613$1,313$590
19 years$2,715$2,221$1,805$1,457$1,171$498
20 years$2,552$2,064$1,656$1,320$1,046$421
21 years$2,405$1,923$1,523$1,198$936$356
22 years$2,272$1,795$1,404$1,089$839$301
23 years$2,150$1,679$1,296$992$753$255
24 years$2,039$1,573$1,199$905$677$216
25 years$1,936$1,476$1,110$826$609$184
26 years$1,842$1,387$1,030$755$548$156
27 years$1,755$1,305$956$691$495$132
28 years$1,674$1,230$889$634$446$112
29 years$1,599$1,160$827$581$403$95
30 years$1,529$1,096$771$533$364$81
31 years$1,463$1,036$718$490$329$69
32 years$1,402$980$670$450$298$59
33 years$1,345$928$626$414$269$50
34 years$1,291$880$585$381$244$42
35 years$1,240$835$547$351$221$36
36 years$1,193$792$511$323$200$31
37 years$1,148$752$479$297$181$26
38 years$1,105$715$448$274$165$22
39 years$1,065$680$420$253$149$19
40 years$1,027$647$394$233$135$16
41 years$991$616$369$215$123$14
42 years$956$586$346$199$111$12
43 years$923$559$325$183$101$10
44 years$892$533$305$169$92$8
45 years$863$508$286$156$83$7
46 years$834$484$269$144$76$6
47 years$807$462$253$133$69$5
48 years$782$441$237$123$62$4
49 years$757$421$223$114$57$4
50 years$733$403$210$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $751,000, adding $5,646 every year, while hoping to spend $33,294 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: 62/17/21 Blend
39$751,000$751,000$751,000$751,000
40$833,426$793,623$781,982$880,216
41$883,011$797,086$772,754$915,952
42$936,537$799,603$762,101$950,748
43$994,373$801,092$749,940$987,980
44$1,056,920$801,466$736,184$1,027,889
45$1,124,622$800,635$720,743$1,070,743
46$1,197,967$798,499$703,521$1,116,836
47$1,277,490$794,956$684,419$1,166,494
48$1,363,780$789,895$663,334$1,220,078
49$1,457,486$783,200$640,155$1,277,985
50$1,559,319$774,746$614,770$1,340,657
51$1,670,064$764,403$587,059$1,408,580
52$1,790,583$752,032$556,899$1,482,291
53$1,921,826$737,485$524,158$1,562,385
54$2,064,837$720,606$488,702$1,649,517
55$2,220,764$701,230$450,387$1,744,414
56$2,390,874$679,182$409,067$1,847,875
57$2,576,558$654,276$364,586$1,960,786
58$2,779,349$626,318$316,781$2,084,124
59$3,000,934$595,099$265,485$2,218,968
60$3,243,171$560,400$210,520$2,366,510
61$3,508,104$521,989$151,702$2,528,066
62$3,797,985$479,622$88,839$2,705,088
63$4,115,294$433,038$21,730$2,899,183
64$4,462,761$381,964$0$3,112,119
65$4,843,393$326,110$0$3,357,032
66$5,260,499$265,170$0$3,630,823
67$5,717,728$198,821$0$3,931,053
68$6,219,095$126,721$0$4,260,403
69$6,769,023$48,511$0$4,621,832
70$7,372,384$0$0$5,018,600
71$8,034,546$0$0$5,461,071
72$8,761,419$0$0$5,956,803
73$9,559,514$0$0$6,501,169
74$10,436,004$0$0$7,099,069
75$11,398,791$0$0$7,755,900
76$12,456,579$0$0$8,477,609
77$13,618,958$0$0$9,270,746
78$14,896,491$0$0$10,142,528
79$16,300,817$0$0$11,100,906
80$17,844,759$0$0$12,154,640
81$19,542,442$0$0$13,313,380
82$21,409,430$0$0$14,587,759
83$23,462,872$0$0$15,989,492
84$25,721,659$0$0$17,531,486
85$28,206,608$0$0$19,227,961
86$30,940,655$0$0$21,094,588
87$33,949,069$0$0$23,148,629
88$37,259,693$0$0$25,409,108
89$40,903,208$0$0$27,896,985
90$44,913,417$0$0$30,635,354
91$49,327,566$0$0$33,649,661
92$54,186,698$0$0$36,967,948
93$59,536,034$0$0$40,621,109
94$65,425,405$0$0$44,643,190
95$71,909,717$0$0$49,071,703
96$79,049,473$0$0$53,947,983
97$86,911,341$0$0$59,317,580
98$95,568,783$0$0$65,230,682
99$105,102,746$0$0$71,742,597
100$115,602,431$0$0$78,914,266