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%19.3%
1 years$62,017$61,464$60,926$60,399$59,886$57,646
2 years$30,701$30,130$29,575$29,038$28,517$26,287
3 years$20,264$19,690$19,137$18,605$18,092$15,941
4 years$15,047$14,474$13,927$13,404$12,904$10,848
5 years$11,917$11,348$10,808$10,295$9,809$7,854
6 years$9,831$9,266$8,734$8,233$7,762$5,909
7 years$8,342$7,782$7,258$6,769$6,312$4,561
8 years$7,226$6,671$6,156$5,678$5,237$3,585
9 years$6,358$5,808$5,302$4,837$4,410$2,856
10 years$5,664$5,119$4,622$4,169$3,758$2,299
11 years$5,096$4,558$4,069$3,629$3,232$1,865
12 years$4,624$4,091$3,611$3,183$2,800$1,522
13 years$4,224$3,697$3,227$2,810$2,442$1,248
14 years$3,882$3,360$2,899$2,494$2,141$1,027
15 years$3,586$3,070$2,618$2,224$1,885$848
16 years$3,327$2,816$2,373$1,992$1,666$703
17 years$3,099$2,594$2,159$1,790$1,477$583
18 years$2,896$2,397$1,971$1,613$1,313$485
19 years$2,715$2,221$1,805$1,457$1,171$403
20 years$2,552$2,064$1,656$1,320$1,046$336
21 years$2,405$1,923$1,523$1,198$936$280
22 years$2,272$1,795$1,404$1,089$839$234
23 years$2,150$1,679$1,296$992$753$196
24 years$2,039$1,573$1,199$905$677$163
25 years$1,936$1,476$1,110$826$609$137
26 years$1,842$1,387$1,030$755$548$114
27 years$1,755$1,305$956$691$495$96
28 years$1,674$1,230$889$634$446$80
29 years$1,599$1,160$827$581$403$67
30 years$1,529$1,096$771$533$364$56
31 years$1,463$1,036$718$490$329$47
32 years$1,402$980$670$450$298$39
33 years$1,345$928$626$414$269$33
34 years$1,291$880$585$381$244$28
35 years$1,240$835$547$351$221$23
36 years$1,193$792$511$323$200$19
37 years$1,148$752$479$297$181$16
38 years$1,105$715$448$274$165$14
39 years$1,065$680$420$253$149$11
40 years$1,027$647$394$233$135$10
41 years$991$616$369$215$123$8
42 years$956$586$346$199$111$7
43 years$923$559$325$183$101$6
44 years$892$533$305$169$92$5
45 years$863$508$286$156$83$4
46 years$834$484$269$144$76$3
47 years$807$462$253$133$69$3
48 years$782$441$237$123$62$2
49 years$757$421$223$114$57$2
50 years$733$403$210$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $751,000, adding $3,482 every year, while hoping to spend $25,682 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: 81/13/6 Blend
39$751,000$751,000$751,000$751,000
40$831,194$791,391$779,750$897,888
41$888,650$802,843$778,546$953,475
42$951,106$813,997$776,441$1,010,693
43$1,019,045$824,808$773,378$1,072,702
44$1,092,998$835,234$769,296$1,139,965
45$1,173,549$845,226$764,133$1,212,995
46$1,261,342$854,733$757,823$1,292,355
47$1,357,084$863,701$750,296$1,378,664
48$1,461,556$872,071$741,480$1,472,607
49$1,575,614$879,782$731,299$1,574,935
50$1,700,203$886,768$719,674$1,686,478
51$1,836,363$892,958$706,521$1,808,149
52$1,985,237$898,278$691,755$1,940,953
53$2,148,085$902,648$675,283$2,086,000
54$2,326,295$905,983$657,010$2,244,509
55$2,521,394$908,193$636,837$2,417,826
56$2,735,064$909,183$614,659$2,607,433
57$2,969,159$908,850$590,368$2,814,963
58$3,225,717$907,088$563,849$3,042,216
59$3,506,985$903,781$534,984$3,291,174
60$3,815,439$898,807$503,647$3,564,021
61$4,153,804$892,039$469,709$3,863,166
62$4,525,081$883,338$433,033$4,191,260
63$4,932,577$872,559$393,478$4,551,227
64$5,379,935$859,550$350,895$4,946,288
65$5,871,167$844,147$305,128$5,379,993
66$6,410,693$826,177$256,017$5,856,254
67$7,003,382$805,457$203,391$6,379,381
68$7,654,597$781,794$147,075$6,954,124
69$8,370,247$754,983$86,883$7,585,720
70$9,156,842$724,808$22,624$8,279,938
71$10,021,554$691,037$0$9,043,135
72$10,972,284$653,430$0$9,885,260
73$12,017,738$611,728$0$10,812,832
74$13,167,505$565,661$0$11,832,922
75$14,432,154$514,942$0$12,954,926
76$15,823,326$459,266$0$14,189,192
77$17,353,848$398,314$0$15,547,130
78$19,037,856$331,746$0$17,041,306
79$20,890,920$259,204$0$18,685,575
80$22,930,200$180,311$0$20,495,199
81$25,174,601$94,667$0$22,487,001
82$27,644,955$1,851$0$24,679,517
83$30,364,215$0$0$27,093,176
84$33,357,673$0$0$29,764,592
85$36,653,197$0$0$32,705,892
86$40,281,496$0$0$35,944,222
87$44,276,406$0$0$39,509,786
88$48,675,213$0$0$43,435,863
89$53,518,999$0$0$47,759,127
90$58,853,038$0$0$52,519,987
91$64,727,214$0$0$57,762,972
92$71,196,498$0$0$63,537,148
93$78,321,463$0$0$69,896,585
94$86,168,857$0$0$76,900,862
95$94,812,230$0$0$84,615,632
96$104,332,634$0$0$93,113,241
97$114,819,379$0$0$102,473,411
98$126,370,884$0$0$112,783,990
99$139,095,601$0$0$124,141,786
100$153,113,038$0$0$136,653,471