Can I retire at age 40 with 756,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$62,430$61,874$61,331$60,802$60,285$59,359
2 years$30,906$30,330$29,772$29,232$28,707$27,777
3 years$20,399$19,821$19,265$18,729$18,213$17,307
4 years$15,147$14,571$14,020$13,493$12,990$12,115
5 years$11,996$11,424$10,880$10,364$9,874$9,034
6 years$9,897$9,328$8,793$8,288$7,813$7,007
7 years$8,398$7,834$7,307$6,814$6,354$5,583
8 years$7,274$6,715$6,197$5,716$5,272$4,535
9 years$6,400$5,847$5,337$4,869$4,439$3,738
10 years$5,701$5,154$4,653$4,197$3,783$3,115
11 years$5,130$4,588$4,096$3,653$3,253$2,619
12 years$4,655$4,118$3,636$3,204$2,819$2,217
13 years$4,253$3,721$3,248$2,829$2,458$1,888
14 years$3,908$3,383$2,918$2,511$2,155$1,615
15 years$3,610$3,090$2,635$2,239$1,897$1,387
16 years$3,349$2,835$2,389$2,005$1,677$1,196
17 years$3,120$2,611$2,174$1,802$1,487$1,033
18 years$2,916$2,413$1,984$1,624$1,322$895
19 years$2,733$2,236$1,817$1,467$1,178$777
20 years$2,569$2,078$1,667$1,329$1,053$676
21 years$2,421$1,935$1,534$1,206$942$588
22 years$2,287$1,807$1,413$1,096$844$513
23 years$2,164$1,690$1,305$998$758$448
24 years$2,052$1,583$1,207$911$681$391
25 years$1,949$1,486$1,118$832$613$342
26 years$1,854$1,396$1,037$760$552$299
27 years$1,766$1,314$963$696$498$262
28 years$1,685$1,238$895$638$449$230
29 years$1,609$1,168$833$585$406$201
30 years$1,539$1,103$776$537$366$176
31 years$1,473$1,043$723$493$331$155
32 years$1,412$987$675$453$300$136
33 years$1,354$935$630$417$271$119
34 years$1,300$886$589$383$246$105
35 years$1,249$840$550$353$222$92
36 years$1,201$797$515$325$202$81
37 years$1,155$757$482$299$183$71
38 years$1,113$720$451$276$166$62
39 years$1,072$684$423$254$150$55
40 years$1,034$651$396$235$136$48
41 years$997$620$372$217$124$42
42 years$962$590$349$200$112$37
43 years$930$562$327$184$102$33
44 years$898$536$307$170$92$29
45 years$868$511$288$157$84$25
46 years$840$488$271$145$76$22
47 years$813$465$254$134$69$20
48 years$787$444$239$124$63$17
49 years$762$424$225$115$57$15
50 years$738$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 $756,000, adding $2,127 every year, while hoping to spend $52,816 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: 64/21/15 Blend
39$756,000$756,000$756,000$756,000
40$835,306$795,238$783,520$885,596
41$864,311$778,009$753,572$902,321
42$894,505$758,165$720,851$914,315
43$925,953$735,523$685,207$926,128
44$958,725$709,889$646,486$937,743
45$992,896$681,055$604,526$949,144
46$1,028,550$648,805$559,155$960,313
47$1,065,773$612,907$510,198$971,234
48$1,104,660$573,118$457,468$981,893
49$1,145,315$529,180$400,772$992,275
50$1,187,847$480,820$339,909$1,002,367
51$1,232,378$427,751$274,666$1,012,157
52$1,279,037$369,668$204,824$1,021,637
53$1,327,966$306,248$130,152$1,030,799
54$1,379,317$237,153$50,411$1,039,640
55$1,433,256$162,022$0$1,048,159
56$1,489,965$80,478$0$1,061,911
57$1,549,639$0$0$1,084,324
58$1,612,493$0$0$1,109,199
59$1,678,758$0$0$1,155,051
60$1,748,690$0$0$1,203,460
61$1,822,563$0$0$1,254,621
62$1,900,679$0$0$1,308,745
63$1,983,368$0$0$1,366,063
64$2,070,989$0$0$1,426,828
65$2,163,936$0$0$1,491,317
66$2,262,636$0$0$1,559,830
67$2,367,560$0$0$1,632,698
68$2,479,222$0$0$1,710,282
69$2,598,183$0$0$1,792,978
70$2,725,060$0$0$1,881,219
71$2,860,528$0$0$1,975,479
72$3,005,324$0$0$2,076,278
73$3,160,260$0$0$2,184,187
74$3,326,224$0$0$2,299,830
75$3,504,190$0$0$2,423,895
76$3,695,228$0$0$2,557,132
77$3,900,510$0$0$2,700,368
78$4,121,324$0$0$2,854,511
79$4,359,085$0$0$3,020,555
80$4,615,345$0$0$3,199,595
81$4,891,810$0$0$3,392,832
82$5,190,354$0$0$3,601,585
83$5,513,036$0$0$3,827,306
84$5,862,120$0$0$4,071,588
85$6,240,093$0$0$4,336,185
86$6,649,690$0$0$4,623,024
87$7,093,919$0$0$4,934,223
88$7,576,088$0$0$5,272,114
89$8,099,833$0$0$5,639,260
90$8,669,156$0$0$6,038,480
91$9,288,458$0$0$6,472,878
92$9,962,584$0$0$6,945,865
93$10,696,862$0$0$7,461,200
94$11,497,156$0$0$8,023,014
95$12,369,920$0$0$8,635,858
96$13,322,258$0$0$9,304,738
97$14,361,989$0$0$10,035,167
98$15,497,719$0$0$10,833,212
99$16,738,924$0$0$11,705,553
100$18,096,036$0$0$12,659,544