Can I retire at age 40 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$62,430$61,874$61,331$60,802$60,285$60,005
2 years$30,906$30,330$29,772$29,232$28,707$28,425
3 years$20,399$19,821$19,265$18,729$18,213$17,937
4 years$15,147$14,571$14,020$13,493$12,990$12,722
5 years$11,996$11,424$10,880$10,364$9,874$9,616
6 years$9,897$9,328$8,793$8,288$7,813$7,564
7 years$8,398$7,834$7,307$6,814$6,354$6,115
8 years$7,274$6,715$6,197$5,716$5,272$5,041
9 years$6,400$5,847$5,337$4,869$4,439$4,219
10 years$5,701$5,154$4,653$4,197$3,783$3,571
11 years$5,130$4,588$4,096$3,653$3,253$3,051
12 years$4,655$4,118$3,636$3,204$2,819$2,626
13 years$4,253$3,721$3,248$2,829$2,458$2,274
14 years$3,908$3,383$2,918$2,511$2,155$1,979
15 years$3,610$3,090$2,635$2,239$1,897$1,730
16 years$3,349$2,835$2,389$2,005$1,677$1,518
17 years$3,120$2,611$2,174$1,802$1,487$1,336
18 years$2,916$2,413$1,984$1,624$1,322$1,179
19 years$2,733$2,236$1,817$1,467$1,178$1,043
20 years$2,569$2,078$1,667$1,329$1,053$924
21 years$2,421$1,935$1,534$1,206$942$820
22 years$2,287$1,807$1,413$1,096$844$729
23 years$2,164$1,690$1,305$998$758$649
24 years$2,052$1,583$1,207$911$681$579
25 years$1,949$1,486$1,118$832$613$517
26 years$1,854$1,396$1,037$760$552$461
27 years$1,766$1,314$963$696$498$412
28 years$1,685$1,238$895$638$449$369
29 years$1,609$1,168$833$585$406$330
30 years$1,539$1,103$776$537$366$296
31 years$1,473$1,043$723$493$331$265
32 years$1,412$987$675$453$300$238
33 years$1,354$935$630$417$271$213
34 years$1,300$886$589$383$246$191
35 years$1,249$840$550$353$222$172
36 years$1,201$797$515$325$202$154
37 years$1,155$757$482$299$183$138
38 years$1,113$720$451$276$166$124
39 years$1,072$684$423$254$150$112
40 years$1,034$651$396$235$136$100
41 years$997$620$372$217$124$90
42 years$962$590$349$200$112$81
43 years$930$562$327$184$102$73
44 years$898$536$307$170$92$66
45 years$868$511$288$157$84$59
46 years$840$488$271$145$76$53
47 years$813$465$254$134$69$48
48 years$787$444$239$124$63$43
49 years$762$424$225$115$57$39
50 years$738$405$211$106$52$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $756,000, adding $5,417 every year, while hoping to spend $30,088 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: 55/40/5 Blend
39$756,000$756,000$756,000$756,000
40$838,700$798,632$786,914$883,673
41$892,234$805,751$781,262$921,725
42$950,220$812,211$774,412$959,305
43$1,013,080$817,948$766,293$999,472
44$1,081,279$822,892$756,829$1,042,476
45$1,155,328$826,972$745,941$1,088,592
46$1,235,788$830,110$733,547$1,138,124
47$1,323,278$832,225$719,560$1,191,407
48$1,418,476$833,228$703,889$1,248,812
49$1,522,132$833,028$686,441$1,310,749
50$1,635,069$831,525$667,116$1,377,671
51$1,758,192$828,616$645,810$1,450,077
52$1,892,499$824,189$622,416$1,528,521
53$2,039,086$818,127$596,819$1,613,611
54$2,199,162$810,305$568,902$1,706,021
55$2,374,057$800,590$538,541$1,806,496
56$2,565,234$788,842$505,605$1,915,858
57$2,774,306$774,913$469,961$2,035,014
58$3,003,046$758,645$431,466$2,164,966
59$3,253,410$739,872$389,973$2,306,822
60$3,527,548$718,416$345,327$2,461,804
61$3,827,830$694,091$297,368$2,631,261
62$4,156,867$666,699$245,928$2,816,683
63$4,517,530$636,030$190,830$3,019,715
64$4,912,987$601,864$131,891$3,242,174
65$5,346,722$563,966$68,919$3,486,064
66$5,822,575$522,088$1,716$3,753,598
67$6,344,776$475,968$0$4,047,219
68$6,917,982$425,330$0$4,373,358
69$7,547,326$369,880$0$4,731,597
70$8,238,459$309,311$0$5,125,139
71$8,997,610$243,295$0$5,557,624
72$9,831,636$171,487$0$6,033,062
73$10,748,096$93,523$0$6,555,883
74$11,755,315$9,018$0$7,130,970
75$12,862,463$0$0$7,763,711
76$14,079,646$0$0$8,496,336
77$15,417,996$0$0$9,306,334
78$16,889,777$0$0$10,197,168
79$18,508,504$0$0$11,177,026
80$20,289,063$0$0$12,254,933
81$22,247,860$0$0$13,440,828
82$24,402,966$0$0$14,745,664
83$26,774,298$0$0$16,181,512
84$29,383,795$0$0$17,761,667
85$32,255,634$0$0$19,500,781
86$35,416,454$0$0$21,414,999
87$38,895,606$0$0$23,522,109
88$42,725,431$0$0$25,841,712
89$46,941,567$0$0$28,395,406
90$51,583,280$0$0$31,206,988
91$56,693,838$0$0$34,302,682
92$62,320,919$0$0$37,711,382
93$68,517,058$0$0$41,464,930
94$75,340,144$0$0$45,598,410
95$82,853,967$0$0$50,150,483
96$91,128,817$0$0$55,163,750
97$100,242,150$0$0$60,685,154
98$110,279,316$0$0$66,766,424
99$121,334,366$0$0$73,464,563
100$133,510,938$0$0$80,842,383