Can I retire at age 40 with 751,000?

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 $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%13.8%
1 years$62,017$61,464$60,926$60,399$59,886$58,942
2 years$30,701$30,130$29,575$29,038$28,517$27,569
3 years$20,264$19,690$19,137$18,605$18,092$17,169
4 years$15,047$14,474$13,927$13,404$12,904$12,012
5 years$11,917$11,348$10,808$10,295$9,809$8,952
6 years$9,831$9,266$8,734$8,233$7,762$6,940
7 years$8,342$7,782$7,258$6,769$6,312$5,527
8 years$7,226$6,671$6,156$5,678$5,237$4,487
9 years$6,358$5,808$5,302$4,837$4,410$3,696
10 years$5,664$5,119$4,622$4,169$3,758$3,078
11 years$5,096$4,558$4,069$3,629$3,232$2,586
12 years$4,624$4,091$3,611$3,183$2,800$2,188
13 years$4,224$3,697$3,227$2,810$2,442$1,862
14 years$3,882$3,360$2,899$2,494$2,141$1,592
15 years$3,586$3,070$2,618$2,224$1,885$1,367
16 years$3,327$2,816$2,373$1,992$1,666$1,177
17 years$3,099$2,594$2,159$1,790$1,477$1,016
18 years$2,896$2,397$1,971$1,613$1,313$880
19 years$2,715$2,221$1,805$1,457$1,171$763
20 years$2,552$2,064$1,656$1,320$1,046$663
21 years$2,405$1,923$1,523$1,198$936$577
22 years$2,272$1,795$1,404$1,089$839$503
23 years$2,150$1,679$1,296$992$753$438
24 years$2,039$1,573$1,199$905$677$383
25 years$1,936$1,476$1,110$826$609$334
26 years$1,842$1,387$1,030$755$548$292
27 years$1,755$1,305$956$691$495$256
28 years$1,674$1,230$889$634$446$224
29 years$1,599$1,160$827$581$403$196
30 years$1,529$1,096$771$533$364$172
31 years$1,463$1,036$718$490$329$151
32 years$1,402$980$670$450$298$132
33 years$1,345$928$626$414$269$116
34 years$1,291$880$585$381$244$102
35 years$1,240$835$547$351$221$89
36 years$1,193$792$511$323$200$78
37 years$1,148$752$479$297$181$69
38 years$1,105$715$448$274$165$60
39 years$1,065$680$420$253$149$53
40 years$1,027$647$394$233$135$46
41 years$991$616$369$215$123$41
42 years$956$586$346$199$111$36
43 years$923$559$325$183$101$31
44 years$892$533$305$169$92$28
45 years$863$508$286$156$83$24
46 years$834$484$269$144$76$21
47 years$807$462$253$133$69$19
48 years$782$441$237$123$62$16
49 years$757$421$223$114$57$14
50 years$733$403$210$105$51$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $751,000, adding $5,254 every year, while hoping to spend $21,861 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: 54/34/12 Blend
39$751,000$751,000$751,000$751,000
40$833,022$793,219$781,578$875,144
41$894,730$808,826$784,501$919,968
42$962,000$824,466$786,789$965,916
43$1,035,375$840,117$788,398$1,015,419
44$1,115,455$855,754$789,282$1,068,819
45$1,202,900$871,354$789,390$1,126,494
46$1,298,434$886,889$788,673$1,188,859
47$1,402,857$902,329$787,077$1,256,373
48$1,517,049$917,644$784,544$1,329,541
49$1,641,978$932,798$781,016$1,408,920
50$1,778,711$947,756$776,431$1,495,124
51$1,928,421$962,479$770,724$1,588,831
52$2,092,404$976,924$763,827$1,690,786
53$2,272,081$991,046$755,668$1,801,811
54$2,469,023$1,004,796$746,172$1,922,815
55$2,684,957$1,018,125$735,262$2,054,796
56$2,921,785$1,030,975$722,855$2,198,858
57$3,181,602$1,043,288$708,866$2,356,215
58$3,466,717$1,055,001$693,205$2,528,208
59$3,779,673$1,066,046$675,778$2,716,314
60$4,123,270$1,076,353$656,487$2,922,161
61$4,500,593$1,085,843$635,228$3,147,547
62$4,915,040$1,094,437$611,895$3,394,451
63$5,370,356$1,102,046$586,376$3,665,055
64$5,870,664$1,108,578$558,551$3,961,768
65$6,420,508$1,113,935$528,299$4,287,241
66$7,024,895$1,118,012$495,492$4,644,402
67$7,689,337$1,120,698$459,994$5,036,474
68$8,419,912$1,121,875$421,667$5,467,016
69$9,223,313$1,121,417$380,362$5,939,945
70$10,106,915$1,119,190$335,928$6,459,586
71$11,078,842$1,115,053$288,204$7,030,703
72$12,148,049$1,108,855$237,024$7,658,550
73$13,324,399$1,100,437$182,213$8,348,917
74$14,618,759$1,089,631$123,589$9,108,190
75$16,043,106$1,076,256$60,962$9,943,407
76$17,610,632$1,060,122$0$10,862,328
77$19,335,877$1,041,028$0$11,874,258
78$21,234,859$1,018,761$0$12,996,255
79$23,325,229$993,095$0$14,230,927
80$25,626,436$963,790$0$15,589,762
81$28,159,910$930,593$0$17,085,423
82$30,949,265$893,236$0$18,731,867
83$34,020,521$851,436$0$20,544,475
84$37,402,350$804,892$0$22,540,203
85$41,126,344$753,287$0$24,737,739
86$45,227,319$696,285$0$27,157,678
87$49,743,635$633,532$0$29,822,723
88$54,717,563$564,653$0$32,757,894
89$60,195,685$489,251$0$35,990,770
90$66,229,328$406,908$0$39,551,745
91$72,875,054$317,181$0$43,474,320
92$80,195,189$219,603$0$47,795,418
93$88,258,416$113,680$0$52,555,732
94$97,140,415$0$0$57,800,114
95$106,924,587$0$0$63,578,413
96$117,702,834$0$0$69,990,748
97$129,576,429$0$0$77,054,853
98$142,656,969$0$0$84,837,136
99$157,067,432$0$0$93,410,777
100$172,943,335$0$0$102,856,416