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%11.8%
1 years$62,017$61,464$60,926$60,399$59,886$59,434
2 years$30,701$30,130$29,575$29,038$28,517$28,061
3 years$20,264$19,690$19,137$18,605$18,092$17,647
4 years$15,047$14,474$13,927$13,404$12,904$12,472
5 years$11,917$11,348$10,808$10,295$9,809$9,393
6 years$9,831$9,266$8,734$8,233$7,762$7,361
7 years$8,342$7,782$7,258$6,769$6,312$5,927
8 years$7,226$6,671$6,156$5,678$5,237$4,868
9 years$6,358$5,808$5,302$4,837$4,410$4,057
10 years$5,664$5,119$4,622$4,169$3,758$3,420
11 years$5,096$4,558$4,069$3,629$3,232$2,909
12 years$4,624$4,091$3,611$3,183$2,800$2,493
13 years$4,224$3,697$3,227$2,810$2,442$2,149
14 years$3,882$3,360$2,899$2,494$2,141$1,862
15 years$3,586$3,070$2,618$2,224$1,885$1,620
16 years$3,327$2,816$2,373$1,992$1,666$1,415
17 years$3,099$2,594$2,159$1,790$1,477$1,239
18 years$2,896$2,397$1,971$1,613$1,313$1,088
19 years$2,715$2,221$1,805$1,457$1,171$957
20 years$2,552$2,064$1,656$1,320$1,046$844
21 years$2,405$1,923$1,523$1,198$936$746
22 years$2,272$1,795$1,404$1,089$839$660
23 years$2,150$1,679$1,296$992$753$584
24 years$2,039$1,573$1,199$905$677$518
25 years$1,936$1,476$1,110$826$609$460
26 years$1,842$1,387$1,030$755$548$408
27 years$1,755$1,305$956$691$495$363
28 years$1,674$1,230$889$634$446$323
29 years$1,599$1,160$827$581$403$287
30 years$1,529$1,096$771$533$364$256
31 years$1,463$1,036$718$490$329$228
32 years$1,402$980$670$450$298$203
33 years$1,345$928$626$414$269$181
34 years$1,291$880$585$381$244$162
35 years$1,240$835$547$351$221$144
36 years$1,193$792$511$323$200$129
37 years$1,148$752$479$297$181$115
38 years$1,105$715$448$274$165$103
39 years$1,065$680$420$253$149$92
40 years$1,027$647$394$233$135$82
41 years$991$616$369$215$123$73
42 years$956$586$346$199$111$65
43 years$923$559$325$183$101$58
44 years$892$533$305$169$92$52
45 years$863$508$286$156$83$47
46 years$834$484$269$144$76$42
47 years$807$462$253$133$69$37
48 years$782$441$237$123$62$33
49 years$757$421$223$114$57$30
50 years$733$403$210$105$51$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $751,000, adding $3,383 every year, while hoping to spend $46,802 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: 57/20/23 Blend
39$751,000$751,000$751,000$751,000
40$831,092$791,289$779,648$873,116
41$866,066$780,265$755,969$891,175
42$903,039$767,132$729,929$905,573
43$942,165$751,738$701,398$920,260
44$983,614$733,921$670,242$935,278
45$1,027,568$713,509$636,321$950,672
46$1,074,230$690,321$599,488$966,496
47$1,123,820$664,165$559,589$982,813
48$1,176,579$634,838$516,464$999,692
49$1,232,770$602,125$469,946$1,017,214
50$1,292,682$565,799$419,859$1,035,472
51$1,356,632$525,619$366,020$1,054,571
52$1,424,965$481,331$308,239$1,074,629
53$1,498,062$432,667$246,315$1,095,782
54$1,576,340$379,343$180,042$1,118,182
55$1,660,253$321,058$109,200$1,142,002
56$1,750,305$257,495$33,564$1,167,436
57$1,847,044$188,321$0$1,194,703
58$1,951,074$113,180$0$1,235,620
59$2,063,058$31,700$0$1,288,436
60$2,183,723$0$0$1,345,279
61$2,313,867$0$0$1,419,000
62$2,454,370$0$0$1,506,171
63$2,606,195$0$0$1,600,420
64$2,770,404$0$0$1,702,411
65$2,948,160$0$0$1,812,877
66$3,140,745$0$0$1,932,620
67$3,349,568$0$0$2,062,523
68$3,576,178$0$0$2,203,559
69$3,822,278$0$0$2,356,797
70$4,089,742$0$0$2,523,412
71$4,380,632$0$0$2,704,698
72$4,697,215$0$0$2,902,077
73$5,041,987$0$0$3,117,116
74$5,417,694$0$0$3,351,539
75$5,827,357$0$0$3,607,242
76$6,274,304$0$0$3,886,313
77$6,762,195$0$0$4,191,050
78$7,295,060$0$0$4,523,982
79$7,877,336$0$0$4,887,895
80$8,513,906$0$0$5,285,855
81$9,210,149$0$0$5,721,238
82$9,971,985$0$0$6,197,760
83$10,805,933$0$0$6,719,517
84$11,719,174$0$0$7,291,014
85$12,719,613$0$0$7,917,216
86$13,815,957$0$0$8,603,590
87$15,017,795$0$0$9,356,158
88$16,335,687$0$0$10,181,549
89$17,781,266$0$0$11,087,069
90$19,367,343$0$0$12,080,763
91$21,108,030$0$0$13,171,492
92$23,018,872$0$0$14,369,018
93$25,116,991$0$0$15,684,094
94$27,421,249$0$0$17,128,564
95$29,952,425$0$0$18,715,479
96$32,733,408$0$0$20,459,212
97$35,789,415$0$0$22,375,601
98$39,148,227$0$0$24,482,093
99$42,840,449$0$0$26,797,908
100$46,899,799$0$0$29,344,224