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%17.2%
1 years$62,265$61,710$61,169$60,641$60,125$58,364
2 years$30,824$30,250$29,694$29,154$28,631$26,871
3 years$20,345$19,769$19,214$18,679$18,165$16,461
4 years$15,107$14,532$13,983$13,457$12,955$11,321
5 years$11,965$11,393$10,851$10,337$9,848$8,288
6 years$9,871$9,304$8,769$8,266$7,793$6,307
7 years$8,375$7,813$7,287$6,796$6,338$4,927
8 years$7,254$6,697$6,180$5,701$5,258$3,922
9 years$6,383$5,831$5,323$4,856$4,428$3,165
10 years$5,686$5,140$4,641$4,186$3,773$2,581
11 years$5,117$4,576$4,086$3,643$3,245$2,122
12 years$4,642$4,107$3,626$3,195$2,812$1,756
13 years$4,241$3,711$3,240$2,821$2,452$1,461
14 years$3,898$3,374$2,911$2,504$2,149$1,220
15 years$3,600$3,082$2,628$2,233$1,892$1,023
16 years$3,341$2,828$2,383$2,000$1,672$860
17 years$3,111$2,604$2,168$1,797$1,483$725
18 years$2,908$2,406$1,979$1,619$1,319$612
19 years$2,726$2,230$1,812$1,463$1,175$517
20 years$2,563$2,072$1,663$1,325$1,050$438
21 years$2,415$1,930$1,530$1,203$939$372
22 years$2,281$1,802$1,410$1,093$842$315
23 years$2,159$1,685$1,302$996$756$268
24 years$2,047$1,579$1,204$908$679$228
25 years$1,944$1,482$1,115$829$611$194
26 years$1,849$1,393$1,034$758$551$165
27 years$1,762$1,311$960$694$496$140
28 years$1,681$1,235$893$636$448$119
29 years$1,605$1,165$831$583$405$102
30 years$1,535$1,100$774$535$366$87
31 years$1,469$1,040$721$492$330$74
32 years$1,408$984$673$452$299$63
33 years$1,350$932$628$415$271$54
34 years$1,296$883$587$382$245$46
35 years$1,245$838$549$352$222$39
36 years$1,198$795$514$324$201$33
37 years$1,152$755$481$299$182$28
38 years$1,110$718$450$275$165$24
39 years$1,069$683$422$254$150$21
40 years$1,031$649$395$234$136$18
41 years$994$618$371$216$123$15
42 years$960$589$348$199$112$13
43 years$927$561$326$184$101$11
44 years$896$535$306$170$92$9
45 years$866$510$288$157$84$8
46 years$838$486$270$145$76$7
47 years$811$464$254$134$69$6
48 years$785$443$238$124$63$5
49 years$760$423$224$114$57$4
50 years$736$404$211$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $754,000, adding $3,276 every year, while hoping to spend $23,099 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: 45/50/5 Blend
39$754,000$754,000$754,000$754,000
40$834,287$794,325$782,638$870,546
41$894,807$808,670$784,279$910,181
42$960,726$822,943$785,201$950,461
43$1,032,571$837,118$785,356$993,588
44$1,110,919$851,163$784,692$1,039,833
45$1,196,410$865,047$783,155$1,089,491
46$1,289,744$878,734$780,691$1,142,891
47$1,391,694$892,188$777,241$1,200,391
48$1,503,110$905,369$772,742$1,262,391
49$1,624,929$918,234$767,131$1,329,328
50$1,758,182$930,737$760,339$1,401,686
51$1,904,002$942,830$752,297$1,479,999
52$2,063,641$954,459$742,929$1,564,856
53$2,238,474$965,569$732,159$1,656,904
54$2,430,017$976,100$719,905$1,756,862
55$2,639,938$985,989$706,081$1,865,518
56$2,870,076$995,167$690,599$1,983,743
57$3,122,456$1,003,562$673,366$2,112,500
58$3,399,306$1,011,096$654,284$2,252,847
59$3,703,084$1,017,689$633,251$2,405,956
60$4,036,494$1,023,251$610,161$2,573,116
61$4,402,517$1,027,690$584,901$2,755,750
62$4,804,434$1,030,907$557,356$2,955,429
63$5,245,862$1,032,797$527,403$3,173,883
64$5,730,784$1,033,248$494,915$3,413,024
65$6,263,588$1,032,141$459,758$3,674,958
66$6,849,108$1,029,351$421,794$3,962,010
67$7,492,670$1,024,742$380,878$4,276,742
68$8,200,142$1,018,174$336,856$4,621,982
69$8,977,987$1,009,495$289,572$5,000,849
70$9,833,327$998,546$238,858$5,416,782
71$10,774,009$985,157$184,543$5,873,574
72$11,808,678$969,150$126,445$6,375,409
73$12,946,858$950,333$64,375$6,926,902
74$14,199,044$928,506$0$7,533,140
75$15,576,798$903,454$0$8,199,835
76$17,092,861$874,953$0$8,936,747
77$18,761,270$842,763$0$9,747,274
78$20,597,492$806,631$0$10,638,954
79$22,618,571$766,290$0$11,620,098
80$24,843,283$721,457$0$12,699,869
81$27,292,321$671,831$0$13,888,371
82$29,988,484$617,097$0$15,196,745
83$32,956,894$556,920$0$16,637,273
84$36,225,235$490,946$0$18,223,498
85$39,824,008$418,802$0$19,970,350
86$43,786,826$340,093$0$21,894,290
87$48,150,726$254,400$0$24,013,466
88$52,956,519$161,285$0$26,347,885
89$58,249,177$60,281$0$28,919,606
90$64,078,255$0$0$31,752,944
91$70,498,362$0$0$34,901,724
92$77,569,668$0$0$38,406,546
93$85,358,484$0$0$42,267,121
94$93,937,874$0$0$46,519,683
95$103,388,356$0$0$51,204,158
96$113,798,656$0$0$56,364,542
97$125,266,543$0$0$62,049,319
98$137,899,759$0$0$68,311,914
99$151,817,027$0$0$75,211,201
100$167,149,179$0$0$82,812,057