Can I retire at age 40 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$62,265$61,710$61,169$60,641$60,125$59,178
2 years$30,824$30,250$29,694$29,154$28,631$27,679
3 years$20,345$19,769$19,214$18,679$18,165$17,238
4 years$15,107$14,532$13,983$13,457$12,955$12,060
5 years$11,965$11,393$10,851$10,337$9,848$8,988
6 years$9,871$9,304$8,769$8,266$7,793$6,968
7 years$8,375$7,813$7,287$6,796$6,338$5,549
8 years$7,254$6,697$6,180$5,701$5,258$4,505
9 years$6,383$5,831$5,323$4,856$4,428$3,710
10 years$5,686$5,140$4,641$4,186$3,773$3,090
11 years$5,117$4,576$4,086$3,643$3,245$2,596
12 years$4,642$4,107$3,626$3,195$2,812$2,197
13 years$4,241$3,711$3,240$2,821$2,452$1,869
14 years$3,898$3,374$2,911$2,504$2,149$1,598
15 years$3,600$3,082$2,628$2,233$1,892$1,372
16 years$3,341$2,828$2,383$2,000$1,672$1,182
17 years$3,111$2,604$2,168$1,797$1,483$1,020
18 years$2,908$2,406$1,979$1,619$1,319$883
19 years$2,726$2,230$1,812$1,463$1,175$766
20 years$2,563$2,072$1,663$1,325$1,050$666
21 years$2,415$1,930$1,530$1,203$939$579
22 years$2,281$1,802$1,410$1,093$842$505
23 years$2,159$1,685$1,302$996$756$440
24 years$2,047$1,579$1,204$908$679$384
25 years$1,944$1,482$1,115$829$611$336
26 years$1,849$1,393$1,034$758$551$294
27 years$1,762$1,311$960$694$496$257
28 years$1,681$1,235$893$636$448$225
29 years$1,605$1,165$831$583$405$197
30 years$1,535$1,100$774$535$366$173
31 years$1,469$1,040$721$492$330$151
32 years$1,408$984$673$452$299$133
33 years$1,350$932$628$415$271$116
34 years$1,296$883$587$382$245$102
35 years$1,245$838$549$352$222$89
36 years$1,198$795$514$324$201$79
37 years$1,152$755$481$299$182$69
38 years$1,110$718$450$275$165$61
39 years$1,069$683$422$254$150$53
40 years$1,031$649$395$234$136$47
41 years$994$618$371$216$123$41
42 years$960$589$348$199$112$36
43 years$927$561$326$184$101$32
44 years$896$535$306$170$92$28
45 years$866$510$288$157$84$24
46 years$838$486$270$145$76$21
47 years$811$464$254$134$69$19
48 years$785$443$238$124$63$17
49 years$760$423$224$114$57$15
50 years$736$404$211$106$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $754,000, adding $2,516 every year, while hoping to spend $51,790 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: 64/12/24 Blend
39$754,000$754,000$754,000$754,000
40$833,503$793,541$781,854$881,470
41$863,416$777,321$752,942$897,923
42$894,645$758,569$721,326$909,883
43$927,268$737,109$686,860$921,783
44$961,372$712,750$649,392$933,623
45$997,050$685,292$608,765$945,403
46$1,034,402$654,524$564,811$957,127
47$1,073,537$620,222$517,358$968,800
48$1,114,572$582,148$466,224$980,431
49$1,157,637$540,051$411,221$992,032
50$1,202,870$493,667$352,151$1,003,620
51$1,250,421$442,716$288,807$1,015,213
52$1,300,457$386,901$220,974$1,026,838
53$1,353,154$325,910$148,427$1,038,526
54$1,408,708$259,412$70,932$1,050,313
55$1,467,330$187,058$0$1,062,246
56$1,529,253$108,478$0$1,077,392
57$1,594,728$23,285$0$1,112,379
58$1,664,030$0$0$1,149,166
59$1,737,460$0$0$1,197,014
60$1,815,346$0$0$1,251,052
61$1,898,048$0$0$1,308,457
62$1,985,958$0$0$1,369,507
63$2,079,505$0$0$1,434,503
64$2,179,160$0$0$1,503,776
65$2,285,438$0$0$1,577,687
66$2,398,902$0$0$1,656,634
67$2,520,170$0$0$1,741,051
68$2,649,920$0$0$1,831,416
69$2,788,895$0$0$1,928,250
70$2,937,908$0$0$2,032,127
71$3,097,853$0$0$2,143,676
72$3,269,712$0$0$2,263,587
73$3,454,561$0$0$2,392,619
74$3,653,582$0$0$2,531,604
75$3,868,072$0$0$2,681,456
76$4,099,457$0$0$2,843,180
77$4,349,305$0$0$3,017,877
78$4,619,336$0$0$3,206,762
79$4,911,441$0$0$3,411,166
80$5,227,700$0$0$3,632,556
81$5,570,400$0$0$3,872,540
82$5,942,054$0$0$4,132,891
83$6,345,425$0$0$4,415,556
84$6,783,555$0$0$4,722,679
85$7,259,787$0$0$5,056,615
86$7,777,801$0$0$5,419,957
87$8,341,644$0$0$5,815,559
88$8,955,770$0$0$6,246,559
89$9,625,080$0$0$6,716,412
90$10,354,968$0$0$7,228,921
91$11,151,370$0$0$7,788,269
92$12,020,822$0$0$8,399,064
93$12,970,517$0$0$9,066,377
94$14,008,372$0$0$9,795,789
95$15,143,107$0$0$10,593,448
96$16,384,321$0$0$11,466,120
97$17,742,581$0$0$12,421,258
98$19,229,527$0$0$13,467,066
99$20,857,972$0$0$14,612,579
100$22,642,031$0$0$15,867,749