Can I retire at age 40 with 753,000?

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 $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%17.4%
1 years$62,182$61,628$61,088$60,560$60,045$58,240
2 years$30,783$30,210$29,654$29,116$28,593$26,789
3 years$20,318$19,742$19,188$18,655$18,141$16,395
4 years$15,087$14,513$13,964$13,440$12,938$11,264
5 years$11,949$11,378$10,837$10,323$9,835$8,238
6 years$9,857$9,291$8,758$8,255$7,782$6,262
7 years$8,364$7,803$7,278$6,787$6,329$4,887
8 years$7,245$6,688$6,172$5,694$5,251$3,885
9 years$6,375$5,823$5,316$4,850$4,422$3,131
10 years$5,679$5,133$4,635$4,180$3,768$2,550
11 years$5,110$4,570$4,080$3,638$3,240$2,094
12 years$4,636$4,101$3,621$3,191$2,808$1,731
13 years$4,236$3,707$3,235$2,817$2,449$1,438
14 years$3,893$3,369$2,907$2,501$2,146$1,200
15 years$3,596$3,078$2,624$2,230$1,890$1,004
16 years$3,336$2,824$2,379$1,997$1,670$843
17 years$3,107$2,601$2,165$1,794$1,481$709
18 years$2,904$2,403$1,977$1,617$1,317$598
19 years$2,722$2,227$1,809$1,461$1,174$505
20 years$2,559$2,070$1,661$1,323$1,048$427
21 years$2,412$1,928$1,527$1,201$938$361
22 years$2,278$1,799$1,408$1,092$841$306
23 years$2,156$1,683$1,300$995$755$260
24 years$2,044$1,577$1,202$907$678$220
25 years$1,941$1,480$1,113$828$611$187
26 years$1,847$1,391$1,033$757$550$159
27 years$1,759$1,309$959$693$496$135
28 years$1,678$1,233$891$635$447$115
29 years$1,603$1,164$830$583$404$98
30 years$1,533$1,099$773$535$365$83
31 years$1,467$1,039$720$491$330$71
32 years$1,406$983$672$451$299$60
33 years$1,349$931$628$415$270$51
34 years$1,295$882$586$382$245$44
35 years$1,244$837$548$351$222$37
36 years$1,196$794$513$324$201$32
37 years$1,151$754$480$298$182$27
38 years$1,108$717$449$275$165$23
39 years$1,068$682$421$253$150$19
40 years$1,029$649$395$234$136$17
41 years$993$617$370$216$123$14
42 years$959$588$347$199$112$12
43 years$926$560$326$184$101$10
44 years$895$534$306$170$92$9
45 years$865$509$287$157$84$7
46 years$837$486$270$145$76$6
47 years$809$464$253$134$69$5
48 years$784$443$238$124$63$5
49 years$759$423$224$114$57$4
50 years$735$404$210$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $753,000, adding $4,918 every year, while hoping to spend $24,893 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: 85/5/10 Blend
39$753,000$753,000$753,000$753,000
40$834,879$794,970$783,298$904,212
41$893,551$807,437$783,053$962,717
42$957,373$819,682$781,965$1,023,106
43$1,026,844$831,665$779,980$1,088,683
44$1,102,513$843,348$777,041$1,159,954
45$1,184,985$854,688$773,087$1,237,476
46$1,274,925$865,639$768,057$1,321,865
47$1,373,064$876,152$761,884$1,413,795
48$1,480,209$886,176$754,499$1,514,013
49$1,597,246$895,654$745,830$1,623,339
50$1,725,151$904,527$735,802$1,742,676
51$1,865,000$912,733$724,335$1,873,019
52$2,017,976$920,202$711,345$2,015,466
53$2,185,381$926,864$696,748$2,171,224
54$2,368,652$932,642$680,450$2,341,624
55$2,569,367$937,455$662,358$2,528,133
56$2,789,268$941,215$642,373$2,732,364
57$3,030,270$943,831$620,389$2,956,099
58$3,294,483$945,205$596,298$3,201,297
59$3,584,233$945,233$569,987$3,470,119
60$3,902,080$943,804$541,336$3,764,944
61$4,250,843$940,801$510,221$4,088,396
62$4,633,628$936,099$476,513$4,443,364
63$5,053,857$929,567$440,075$4,833,033
64$5,515,299$921,065$400,766$5,260,909
65$6,022,105$910,443$358,438$5,730,861
66$6,578,850$897,544$312,935$6,247,146
67$7,190,570$882,201$264,096$6,814,460
68$7,862,818$864,239$211,753$7,437,976
69$8,601,707$843,468$155,728$8,123,392
70$9,413,975$819,692$95,839$8,876,990
71$10,307,043$792,700$31,892$9,705,692
72$11,289,089$762,269$0$10,617,125
73$12,369,121$728,166$0$11,623,573
74$13,557,066$690,140$0$12,734,302
75$14,863,859$647,930$0$13,956,136
76$16,301,551$601,256$0$15,300,348
77$17,883,417$549,825$0$16,779,357
78$19,624,084$493,326$0$18,406,850
79$21,539,672$431,430$0$20,197,906
80$23,647,939$363,790$0$22,169,142
81$25,968,452$290,039$0$24,338,868
82$28,522,772$209,790$0$26,727,259
83$31,334,658$122,632$0$29,356,549
84$34,430,287$28,135$0$32,251,235
85$37,838,504$0$0$35,438,312
86$41,591,094$0$0$38,951,608
87$45,723,079$0$0$42,821,826
88$50,273,052$0$0$47,083,566
89$55,283,539$0$0$51,776,661
90$60,801,397$0$0$56,945,006
91$66,878,264$0$0$62,636,966
92$73,571,038$0$0$68,905,838
93$80,942,418$0$0$75,810,352
94$89,061,492$0$0$83,415,224
95$98,004,395$0$0$91,791,769
96$107,855,022$0$0$101,018,568
97$118,705,818$0$0$111,182,219
98$130,658,658$0$0$122,378,144
99$143,825,800$0$0$134,711,497
100$158,330,950$0$0$148,298,151