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%18.1%
1 years$62,182$61,628$61,088$60,560$60,045$58,077
2 years$30,783$30,210$29,654$29,116$28,593$26,628
3 years$20,318$19,742$19,188$18,655$18,141$16,242
4 years$15,087$14,513$13,964$13,440$12,938$11,119
5 years$11,949$11,378$10,837$10,323$9,835$8,102
6 years$9,857$9,291$8,758$8,255$7,782$6,135
7 years$8,364$7,803$7,278$6,787$6,329$4,769
8 years$7,245$6,688$6,172$5,694$5,251$3,775
9 years$6,375$5,823$5,316$4,850$4,422$3,030
10 years$5,679$5,133$4,635$4,180$3,768$2,457
11 years$5,110$4,570$4,080$3,638$3,240$2,008
12 years$4,636$4,101$3,621$3,191$2,808$1,652
13 years$4,236$3,707$3,235$2,817$2,449$1,366
14 years$3,893$3,369$2,907$2,501$2,146$1,134
15 years$3,596$3,078$2,624$2,230$1,890$945
16 years$3,336$2,824$2,379$1,997$1,670$789
17 years$3,107$2,601$2,165$1,794$1,481$661
18 years$2,904$2,403$1,977$1,617$1,317$554
19 years$2,722$2,227$1,809$1,461$1,174$465
20 years$2,559$2,070$1,661$1,323$1,048$391
21 years$2,412$1,928$1,527$1,201$938$329
22 years$2,278$1,799$1,408$1,092$841$278
23 years$2,156$1,683$1,300$995$755$234
24 years$2,044$1,577$1,202$907$678$198
25 years$1,941$1,480$1,113$828$611$167
26 years$1,847$1,391$1,033$757$550$141
27 years$1,759$1,309$959$693$496$119
28 years$1,678$1,233$891$635$447$101
29 years$1,603$1,164$830$583$404$85
30 years$1,533$1,099$773$535$365$72
31 years$1,467$1,039$720$491$330$61
32 years$1,406$983$672$451$299$51
33 years$1,349$931$628$415$270$44
34 years$1,295$882$586$382$245$37
35 years$1,244$837$548$351$222$31
36 years$1,196$794$513$324$201$26
37 years$1,151$754$480$298$182$22
38 years$1,108$717$449$275$165$19
39 years$1,068$682$421$253$150$16
40 years$1,029$649$395$234$136$14
41 years$993$617$370$216$123$11
42 years$959$588$347$199$112$10
43 years$926$560$326$184$101$8
44 years$895$534$306$170$92$7
45 years$865$509$287$157$84$6
46 years$837$486$270$145$76$5
47 years$809$464$253$134$69$4
48 years$784$443$238$124$63$4
49 years$759$423$224$114$57$3
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 $4,777 every year, while hoping to spend $24,587 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: 60/33/7 Blend
39$753,000$753,000$753,000$753,000
40$834,733$794,824$783,153$883,335
41$893,716$807,610$783,228$929,244
42$957,891$820,199$782,482$976,045
43$1,027,761$832,554$780,861$1,026,471
44$1,103,881$844,638$778,308$1,080,870
45$1,186,862$856,410$774,766$1,139,628
46$1,277,373$867,825$770,172$1,203,167
47$1,376,154$878,838$764,462$1,271,957
48$1,484,018$889,398$757,568$1,346,513
49$1,601,861$899,451$749,419$1,427,403
50$1,730,668$908,941$739,942$1,515,253
51$1,871,523$917,806$729,057$1,610,755
52$2,025,622$925,982$716,684$1,714,670
53$2,194,280$933,400$702,737$1,827,838
54$2,378,945$939,985$687,128$1,951,185
55$2,581,213$945,660$669,762$2,085,731
56$2,802,841$950,341$650,543$2,232,602
57$3,045,762$953,939$629,367$2,393,040
58$3,312,107$956,360$606,129$2,568,412
59$3,604,224$957,503$580,716$2,760,228
60$3,924,696$957,263$553,012$2,970,152
61$4,276,371$955,525$522,894$3,200,017
62$4,662,385$952,169$490,234$3,451,847
63$5,086,191$947,069$454,900$3,727,872
64$5,551,596$940,088$416,753$4,030,551
65$6,062,790$931,083$375,645$4,362,596
66$6,624,391$919,903$331,426$4,726,995
67$7,241,486$906,385$283,936$5,127,046
68$7,919,679$890,360$233,009$5,566,383
69$8,665,144$871,645$178,472$6,049,012
70$9,484,683$850,050$120,145$6,579,352
71$10,385,789$825,371$57,838$7,162,274
72$11,376,718$797,393$0$7,803,148
73$12,466,567$765,888$0$8,508,542
74$13,665,357$730,617$0$9,288,989
75$14,984,131$691,325$0$10,147,377
76$16,435,054$647,742$0$11,091,658
77$18,031,532$599,583$0$12,130,595
78$19,788,333$546,548$0$13,273,852
79$21,721,732$488,318$0$14,532,077
80$23,849,660$424,556$0$15,917,010
81$26,191,875$354,909$0$17,441,593
82$28,770,146$278,999$0$19,120,089
83$31,608,461$196,431$0$20,968,222
84$34,733,254$106,785$0$23,003,325
85$38,173,648$9,620$0$25,244,501
86$41,961,737$0$0$27,712,808
87$46,132,884$0$0$30,466,150
88$50,726,055$0$0$33,501,993
89$55,784,191$0$0$36,845,232
90$61,354,604$0$0$40,527,153
91$67,489,433$0$0$44,582,226
92$74,246,130$0$0$49,048,437
93$81,688,002$0$0$53,967,645
94$89,884,811$0$0$59,385,975
95$98,913,430$0$0$65,354,253
96$108,858,571$0$0$71,928,490
97$119,813,578$0$0$79,170,404
98$131,881,317$0$0$87,148,007
99$145,175,138$0$0$95,936,246
100$159,819,949$0$0$105,617,708