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%16%
1 years$62,265$61,710$61,169$60,641$60,125$58,648
2 years$30,824$30,250$29,694$29,154$28,631$27,152
3 years$20,345$19,769$19,214$18,679$18,165$16,730
4 years$15,107$14,532$13,983$13,457$12,955$11,576
5 years$11,965$11,393$10,851$10,337$9,848$8,528
6 years$9,871$9,304$8,769$8,266$7,793$6,533
7 years$8,375$7,813$7,287$6,796$6,338$5,138
8 years$7,254$6,697$6,180$5,701$5,258$4,118
9 years$6,383$5,831$5,323$4,856$4,428$3,348
10 years$5,686$5,140$4,641$4,186$3,773$2,751
11 years$5,117$4,576$4,086$3,643$3,245$2,279
12 years$4,642$4,107$3,626$3,195$2,812$1,901
13 years$4,241$3,711$3,240$2,821$2,452$1,594
14 years$3,898$3,374$2,911$2,504$2,149$1,343
15 years$3,600$3,082$2,628$2,233$1,892$1,135
16 years$3,341$2,828$2,383$2,000$1,672$963
17 years$3,111$2,604$2,168$1,797$1,483$818
18 years$2,908$2,406$1,979$1,619$1,319$697
19 years$2,726$2,230$1,812$1,463$1,175$595
20 years$2,563$2,072$1,663$1,325$1,050$508
21 years$2,415$1,930$1,530$1,203$939$435
22 years$2,281$1,802$1,410$1,093$842$373
23 years$2,159$1,685$1,302$996$756$319
24 years$2,047$1,579$1,204$908$679$274
25 years$1,944$1,482$1,115$829$611$235
26 years$1,849$1,393$1,034$758$551$202
27 years$1,762$1,311$960$694$496$174
28 years$1,681$1,235$893$636$448$149
29 years$1,605$1,165$831$583$405$129
30 years$1,535$1,100$774$535$366$111
31 years$1,469$1,040$721$492$330$95
32 years$1,408$984$673$452$299$82
33 years$1,350$932$628$415$271$71
34 years$1,296$883$587$382$245$61
35 years$1,245$838$549$352$222$52
36 years$1,198$795$514$324$201$45
37 years$1,152$755$481$299$182$39
38 years$1,110$718$450$275$165$33
39 years$1,069$683$422$254$150$29
40 years$1,031$649$395$234$136$25
41 years$994$618$371$216$123$21
42 years$960$589$348$199$112$18
43 years$927$561$326$184$101$16
44 years$896$535$306$170$92$14
45 years$866$510$288$157$84$12
46 years$838$486$270$145$76$10
47 years$811$464$254$134$69$9
48 years$785$443$238$124$63$8
49 years$760$423$224$114$57$7
50 years$736$404$211$106$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $754,000, adding $3,625 every year, while hoping to spend $34,519 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: 68/6/26 Blend
39$754,000$754,000$754,000$754,000
40$834,647$794,685$782,998$885,565
41$883,053$796,897$772,501$922,435
42$935,240$798,060$760,495$958,483
43$991,556$798,087$746,893$997,127
44$1,052,386$796,884$731,605$1,038,626
45$1,118,150$794,352$714,534$1,083,264
46$1,189,312$790,386$695,583$1,131,355
47$1,266,383$784,876$674,645$1,183,244
48$1,349,920$777,701$651,612$1,239,316
49$1,440,542$768,738$626,371$1,299,994
50$1,538,923$757,853$598,801$1,365,744
51$1,645,811$744,905$568,778$1,437,083
52$1,762,023$729,745$536,171$1,514,579
53$1,888,462$712,214$500,845$1,598,863
54$2,026,118$692,147$462,657$1,690,629
55$2,176,085$669,364$421,458$1,790,644
56$2,339,562$643,679$377,094$1,899,754
57$2,517,871$614,893$329,400$2,018,893
58$2,712,468$582,797$278,209$2,149,094
59$2,924,953$547,168$223,342$2,291,495
60$3,157,090$507,771$164,616$2,447,353
61$3,410,819$464,357$101,837$2,618,055
62$3,688,278$416,666$34,803$2,805,131
63$3,991,818$364,418$0$3,010,271
64$4,324,030$307,322$0$3,245,530
65$4,687,767$245,067$0$3,513,738
66$5,086,170$177,326$0$3,807,564
67$5,522,698$103,753$0$4,129,579
68$6,001,161$23,984$0$4,482,612
69$6,525,753$0$0$4,869,785
70$7,101,097$0$0$5,298,650
71$7,732,283$0$0$5,770,922
72$8,424,916$0$0$6,289,218
73$9,185,171$0$0$6,858,165
74$10,019,851$0$0$7,482,859
75$10,936,449$0$0$8,168,914
76$11,943,220$0$0$8,922,515
77$13,049,255$0$0$9,750,475
78$14,264,572$0$0$10,660,299
79$15,600,207$0$0$11,660,257
80$17,068,317$0$0$12,759,458
81$18,682,297$0$0$13,967,937
82$20,456,902$0$0$15,296,753
83$22,408,391$0$0$16,758,086
84$24,554,675$0$0$18,365,359
85$26,915,491$0$0$20,133,360
86$29,512,581$0$0$22,078,380
87$32,369,902$0$0$24,218,372
88$35,513,853$0$0$26,573,115
89$38,973,516$0$0$29,164,403
90$42,780,939$0$0$32,016,248
91$46,971,431$0$0$35,155,109
92$51,583,897$0$0$38,610,140
93$56,661,210$0$0$42,413,465
94$62,250,604$0$0$46,600,479
95$68,404,130$0$0$51,210,184
96$75,179,140$0$0$56,285,558
97$82,638,832$0$0$61,873,956
98$90,852,842$0$0$68,027,560
99$99,897,904$0$0$74,803,869
100$109,858,571$0$0$82,266,243