Can I retire at age 40 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$62,347$61,792$61,250$60,721$60,205$57,930
2 years$30,865$30,290$29,733$29,193$28,669$26,404
3 years$20,372$19,795$19,239$18,704$18,189$16,005
4 years$15,127$14,551$14,001$13,475$12,972$10,885
5 years$11,981$11,408$10,866$10,350$9,861$7,877
6 years$9,884$9,316$8,781$8,277$7,803$5,923
7 years$8,386$7,823$7,297$6,805$6,346$4,569
8 years$7,264$6,706$6,188$5,709$5,265$3,590
9 years$6,392$5,839$5,330$4,863$4,434$2,858
10 years$5,694$5,147$4,647$4,192$3,778$2,299
11 years$5,124$4,582$4,091$3,648$3,249$1,863
12 years$4,649$4,112$3,631$3,200$2,815$1,520
13 years$4,247$3,716$3,244$2,825$2,455$1,245
14 years$3,903$3,378$2,915$2,508$2,152$1,025
15 years$3,605$3,086$2,631$2,236$1,895$846
16 years$3,345$2,831$2,386$2,002$1,675$700
17 years$3,115$2,608$2,171$1,799$1,485$580
18 years$2,912$2,409$1,982$1,621$1,320$482
19 years$2,730$2,233$1,814$1,465$1,177$401
20 years$2,566$2,075$1,665$1,327$1,051$334
21 years$2,418$1,933$1,532$1,204$941$278
22 years$2,284$1,804$1,412$1,095$843$232
23 years$2,161$1,687$1,303$997$757$194
24 years$2,049$1,581$1,205$909$680$162
25 years$1,947$1,484$1,116$831$612$135
26 years$1,852$1,394$1,035$759$551$113
27 years$1,764$1,312$961$695$497$94
28 years$1,683$1,237$894$637$449$79
29 years$1,607$1,167$832$584$405$66
30 years$1,537$1,102$775$536$366$55
31 years$1,471$1,042$722$492$331$46
32 years$1,410$985$674$452$299$39
33 years$1,352$933$629$416$271$32
34 years$1,298$885$588$383$245$27
35 years$1,247$839$550$352$222$23
36 years$1,199$796$514$325$201$19
37 years$1,154$756$481$299$182$16
38 years$1,111$719$451$276$165$13
39 years$1,071$683$422$254$150$11
40 years$1,032$650$396$234$136$9
41 years$996$619$371$216$123$8
42 years$961$590$348$200$112$7
43 years$928$562$327$184$102$5
44 years$897$535$307$170$92$5
45 years$867$511$288$157$84$4
46 years$839$487$270$145$76$3
47 years$812$465$254$134$69$3
48 years$786$444$239$124$63$2
49 years$761$424$224$114$57$2
50 years$737$405$211$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $755,000, adding $6,610 every year, while hoping to spend $33,642 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: 80/10/10 Blend
39$755,000$755,000$755,000$755,000
40$838,828$798,813$787,111$904,042
41$888,594$802,160$777,684$951,121
42$942,308$804,544$766,814$997,703
43$1,000,338$805,881$754,417$1,047,826
44$1,063,087$806,084$740,405$1,101,827
45$1,131,000$805,060$724,686$1,160,077
46$1,204,563$802,708$707,164$1,222,988
47$1,284,312$798,925$687,738$1,291,009
48$1,370,838$793,599$666,303$1,364,638
49$1,464,789$786,610$642,750$1,444,424
50$1,566,878$777,834$616,962$1,530,969
51$1,677,889$767,138$588,820$1,624,940
52$1,798,686$754,380$558,197$1,727,069
53$1,930,218$739,410$524,963$1,838,165
54$2,073,530$722,072$488,979$1,959,119
55$2,229,773$702,196$450,103$2,090,911
56$2,400,212$679,606$408,184$2,234,624
57$2,586,240$654,113$363,064$2,391,451
58$2,789,391$625,519$314,582$2,562,705
59$3,011,353$593,614$262,565$2,749,836
60$3,253,985$558,175$206,834$2,954,440
61$3,519,333$518,967$147,205$3,178,277
62$3,809,650$475,741$83,481$3,423,289
63$4,127,416$428,234$15,459$3,691,612
64$4,475,364$376,169$0$3,985,606
65$4,856,501$319,252$0$4,313,964
66$5,274,141$257,172$0$4,675,611
67$5,731,932$189,601$0$5,072,078
68$6,233,892$116,195$0$5,506,871
69$6,784,447$36,587$0$5,983,855
70$7,388,471$0$0$6,507,284
71$8,051,335$0$0$7,087,311
72$8,778,951$0$0$7,728,439
73$9,577,836$0$0$8,432,386
74$10,455,165$0$0$9,205,479
75$11,418,843$0$0$10,054,687
76$12,477,581$0$0$10,987,686
77$13,640,971$0$0$12,012,936
78$14,919,583$0$0$13,139,752
79$16,325,061$0$0$14,378,402
80$17,870,234$0$0$15,740,192
81$19,569,235$0$0$17,237,584
82$21,437,636$0$0$18,884,305
83$23,492,592$0$0$20,695,478
84$25,753,006$0$0$22,687,768
85$28,239,704$0$0$24,879,534
86$30,975,631$0$0$27,291,005
87$33,986,070$0$0$29,944,469
88$37,298,879$0$0$32,864,485
89$40,944,750$0$0$36,078,111
90$44,957,503$0$0$39,615,163
91$49,374,403$0$0$43,508,492
92$54,236,512$0$0$47,794,298
93$59,589,071$0$0$52,512,465
94$65,481,936$0$0$57,706,945
95$71,970,038$0$0$63,426,165
96$79,113,909$0$0$69,723,488
97$86,980,246$0$0$76,657,717
98$95,642,547$0$0$84,293,643
99$105,181,797$0$0$92,702,663
100$115,687,237$0$0$101,963,453