Can I retire at age 40 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$62,182$61,628$61,088$60,560$60,045$58,905
2 years$30,783$30,210$29,654$29,116$28,593$27,449
3 years$20,318$19,742$19,188$18,655$18,141$17,028
4 years$15,087$14,513$13,964$13,440$12,938$11,866
5 years$11,949$11,378$10,837$10,323$9,835$8,806
6 years$9,857$9,291$8,758$8,255$7,782$6,797
7 years$8,364$7,803$7,278$6,787$6,329$5,389
8 years$7,245$6,688$6,172$5,694$5,251$4,355
9 years$6,375$5,823$5,316$4,850$4,422$3,570
10 years$5,679$5,133$4,635$4,180$3,768$2,958
11 years$5,110$4,570$4,080$3,638$3,240$2,473
12 years$4,636$4,101$3,621$3,191$2,808$2,082
13 years$4,236$3,707$3,235$2,817$2,449$1,762
14 years$3,893$3,369$2,907$2,501$2,146$1,499
15 years$3,596$3,078$2,624$2,230$1,890$1,279
16 years$3,336$2,824$2,379$1,997$1,670$1,096
17 years$3,107$2,601$2,165$1,794$1,481$941
18 years$2,904$2,403$1,977$1,617$1,317$810
19 years$2,722$2,227$1,809$1,461$1,174$698
20 years$2,559$2,070$1,661$1,323$1,048$603
21 years$2,412$1,928$1,527$1,201$938$521
22 years$2,278$1,799$1,408$1,092$841$452
23 years$2,156$1,683$1,300$995$755$391
24 years$2,044$1,577$1,202$907$678$340
25 years$1,941$1,480$1,113$828$611$295
26 years$1,847$1,391$1,033$757$550$256
27 years$1,759$1,309$959$693$496$223
28 years$1,678$1,233$891$635$447$194
29 years$1,603$1,164$830$583$404$168
30 years$1,533$1,099$773$535$365$147
31 years$1,467$1,039$720$491$330$128
32 years$1,406$983$672$451$299$111
33 years$1,349$931$628$415$270$97
34 years$1,295$882$586$382$245$84
35 years$1,244$837$548$351$222$74
36 years$1,196$794$513$324$201$64
37 years$1,151$754$480$298$182$56
38 years$1,108$717$449$275$165$49
39 years$1,068$682$421$253$150$43
40 years$1,029$649$395$234$136$37
41 years$993$617$370$216$123$32
42 years$959$588$347$199$112$28
43 years$926$560$326$184$101$25
44 years$895$534$306$170$92$21
45 years$865$509$287$157$84$19
46 years$837$486$270$145$76$16
47 years$809$464$253$134$69$14
48 years$784$443$238$124$63$12
49 years$759$423$224$114$57$11
50 years$735$404$210$106$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $753,000, adding $5,058 every year, while hoping to spend $36,943 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: 71/17/12 Blend
39$753,000$753,000$753,000$753,000
40$835,023$795,114$783,443$891,852
41$880,889$794,768$770,381$929,831
42$930,194$793,166$755,644$966,400
43$983,251$790,209$739,135$1,005,446
44$1,040,403$785,789$720,756$1,047,207
45$1,102,026$779,794$700,403$1,091,944
46$1,168,532$772,104$677,966$1,139,944
47$1,240,376$762,591$653,332$1,191,527
48$1,318,056$751,120$626,381$1,247,045
49$1,402,122$737,549$596,988$1,306,884
50$1,493,176$721,726$565,024$1,371,475
51$1,591,880$703,490$530,353$1,441,290
52$1,698,963$682,673$492,832$1,516,852
53$1,815,228$659,094$452,312$1,598,737
54$1,941,555$632,564$408,638$1,687,582
55$2,078,914$602,880$361,648$1,784,091
56$2,228,373$569,831$311,173$1,889,039
57$2,391,105$533,190$257,035$2,003,282
58$2,568,402$492,721$199,050$2,127,767
59$2,761,685$448,170$137,024$2,263,537
60$2,972,519$399,273$70,757$2,411,743
61$3,202,627$345,748$38$2,573,657
62$3,453,903$287,298$0$2,750,682
63$3,728,434$223,609$0$2,954,025
64$4,028,518$154,349$0$3,176,369
65$4,356,683$79,169$0$3,419,627
66$4,715,716$0$0$3,685,910
67$5,108,680$0$0$3,977,978
68$5,538,955$0$0$4,314,030
69$6,010,256$0$0$4,682,163
70$6,526,680$0$0$5,085,582
71$7,092,735$0$0$5,527,812
72$7,713,388$0$0$6,012,741
73$8,394,110$0$0$6,544,646
74$9,140,925$0$0$7,128,242
75$9,960,469$0$0$7,768,721
76$10,860,053$0$0$8,471,799
77$11,847,728$0$0$9,243,779
78$12,932,364$0$0$10,091,597
79$14,123,733$0$0$11,022,899
80$15,432,597$0$0$12,046,105
81$16,870,816$0$0$13,170,493
82$18,451,452$0$0$14,406,283
83$20,188,896$0$0$15,764,734
84$22,099,006$0$0$17,258,250
85$24,199,247$0$0$18,900,499
86$26,508,867$0$0$20,706,537
87$29,049,069$0$0$22,692,954
88$31,843,215$0$0$24,878,028
89$34,917,045$0$0$27,281,896
90$38,298,918$0$0$29,926,748
91$42,020,084$0$0$32,837,031
92$46,114,970$0$0$36,039,682
93$50,621,514$0$0$39,564,382
94$55,581,513$0$0$43,443,833
95$61,041,026$0$0$47,714,071
96$67,050,800$0$0$52,414,800
97$73,666,754$0$0$57,589,772
98$80,950,504$0$0$63,287,194
99$88,969,943$0$0$69,560,185
100$97,799,884$0$0$76,467,279