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%13.8%
1 years$62,347$61,792$61,250$60,721$60,205$59,256
2 years$30,865$30,290$29,733$29,193$28,669$27,716
3 years$20,372$19,795$19,239$18,704$18,189$17,261
4 years$15,127$14,551$14,001$13,475$12,972$12,076
5 years$11,981$11,408$10,866$10,350$9,861$9,000
6 years$9,884$9,316$8,781$8,277$7,803$6,977
7 years$8,386$7,823$7,297$6,805$6,346$5,556
8 years$7,264$6,706$6,188$5,709$5,265$4,511
9 years$6,392$5,839$5,330$4,863$4,434$3,715
10 years$5,694$5,147$4,647$4,192$3,778$3,094
11 years$5,124$4,582$4,091$3,648$3,249$2,600
12 years$4,649$4,112$3,631$3,200$2,815$2,200
13 years$4,247$3,716$3,244$2,825$2,455$1,872
14 years$3,903$3,378$2,915$2,508$2,152$1,600
15 years$3,605$3,086$2,631$2,236$1,895$1,374
16 years$3,345$2,831$2,386$2,002$1,675$1,183
17 years$3,115$2,608$2,171$1,799$1,485$1,022
18 years$2,912$2,409$1,982$1,621$1,320$884
19 years$2,730$2,233$1,814$1,465$1,177$767
20 years$2,566$2,075$1,665$1,327$1,051$666
21 years$2,418$1,933$1,532$1,204$941$580
22 years$2,284$1,804$1,412$1,095$843$505
23 years$2,161$1,687$1,303$997$757$441
24 years$2,049$1,581$1,205$909$680$385
25 years$1,947$1,484$1,116$831$612$336
26 years$1,852$1,394$1,035$759$551$294
27 years$1,764$1,312$961$695$497$257
28 years$1,683$1,237$894$637$449$225
29 years$1,607$1,167$832$584$405$197
30 years$1,537$1,102$775$536$366$173
31 years$1,471$1,042$722$492$331$151
32 years$1,410$985$674$452$299$133
33 years$1,352$933$629$416$271$116
34 years$1,298$885$588$383$245$102
35 years$1,247$839$550$352$222$90
36 years$1,199$796$514$325$201$79
37 years$1,154$756$481$299$182$69
38 years$1,111$719$451$276$165$61
39 years$1,071$683$422$254$150$53
40 years$1,032$650$396$234$136$47
41 years$996$619$371$216$123$41
42 years$961$590$348$200$112$36
43 years$928$562$327$184$102$32
44 years$897$535$307$170$92$28
45 years$867$511$288$157$84$24
46 years$839$487$270$145$76$21
47 years$812$465$254$134$69$19
48 years$786$444$239$124$63$17
49 years$761$424$224$114$57$15
50 years$737$405$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 $755,000, adding $2,108 every year, while hoping to spend $35,907 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: 82/11/7 Blend
39$755,000$755,000$755,000$755,000
40$834,184$794,169$782,467$901,850
41$881,066$794,879$770,475$947,119
42$931,527$794,420$756,877$991,790
43$985,893$792,697$741,583$1,039,726
44$1,044,524$789,609$724,496$1,091,232
45$1,107,815$785,049$705,516$1,146,645
46$1,176,199$778,903$684,538$1,206,337
47$1,250,152$771,051$661,451$1,270,717
48$1,330,200$761,364$636,142$1,340,235
49$1,416,917$749,708$608,489$1,415,387
50$1,510,937$735,937$578,368$1,496,720
51$1,612,956$719,902$545,646$1,584,836
52$1,723,739$701,439$510,188$1,680,399
53$1,844,130$680,379$471,848$1,784,140
54$1,975,055$656,541$430,479$1,896,865
55$2,117,533$629,734$385,922$2,019,461
56$2,272,686$599,756$338,015$2,152,908
57$2,441,748$566,392$286,587$2,298,285
58$2,626,078$529,417$231,460$2,456,778
59$2,827,171$488,591$172,446$2,629,700
60$3,046,672$443,662$109,353$2,818,493
61$3,286,393$394,361$41,976$3,024,749
62$3,548,327$340,407$0$3,250,223
63$3,834,671$281,502$0$3,499,083
64$4,147,840$217,328$0$3,774,716
65$4,490,497$147,555$0$4,076,350
66$4,865,572$71,829$0$4,406,592
67$5,276,291$0$0$4,768,316
68$5,726,208$0$0$5,165,925
69$6,219,236$0$0$5,611,177
70$6,759,685$0$0$6,099,273
71$7,352,302$0$0$6,634,500
72$8,002,314$0$0$7,221,583
73$8,715,480$0$0$7,865,725
74$9,498,142$0$0$8,572,656
75$10,357,287$0$0$9,348,691
76$11,300,610$0$0$10,200,783
77$12,336,588$0$0$11,136,591
78$13,474,561$0$0$12,164,555
79$14,724,816$0$0$13,293,969
80$16,098,686$0$0$14,535,076
81$17,608,657$0$0$15,899,158
82$19,268,483$0$0$17,398,643
83$21,093,320$0$0$19,047,225
84$23,099,864$0$0$20,859,991
85$25,306,508$0$0$22,853,563
86$27,733,519$0$0$25,046,253
87$30,403,226$0$0$27,458,239
88$33,340,231$0$0$30,111,751
89$36,571,641$0$0$33,031,284
90$40,127,322$0$0$36,243,826
91$44,040,181$0$0$39,779,112
92$48,346,479$0$0$43,669,908
93$53,086,166$0$0$47,952,315
94$58,303,264$0$0$52,666,112
95$64,046,278$0$0$57,855,129
96$70,368,657$0$0$63,567,665
97$77,329,292$0$0$69,856,935
98$84,993,078$0$0$76,781,580
99$93,431,521$0$0$84,406,214
100$102,723,412$0$0$92,802,039