Can I retire at age 40 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$62,512$61,956$61,412$60,882$60,364$59,684
2 years$30,947$30,370$29,812$29,270$28,745$28,060
3 years$20,426$19,847$19,290$18,754$18,237$17,569
4 years$15,167$14,590$14,038$13,511$13,007$12,361
5 years$12,012$11,439$10,894$10,378$9,888$9,265
6 years$9,910$9,341$8,804$8,299$7,824$7,226
7 years$8,409$7,844$7,316$6,823$6,363$5,790
8 years$7,283$6,724$6,205$5,724$5,278$4,730
9 years$6,408$5,854$5,344$4,875$4,445$3,921
10 years$5,709$5,160$4,659$4,203$3,788$3,288
11 years$5,137$4,594$4,102$3,658$3,257$2,781
12 years$4,661$4,123$3,640$3,208$2,823$2,370
13 years$4,258$3,726$3,252$2,832$2,462$2,031
14 years$3,913$3,387$2,922$2,514$2,158$1,750
15 years$3,615$3,094$2,638$2,242$1,900$1,513
16 years$3,354$2,839$2,392$2,008$1,679$1,313
17 years$3,124$2,614$2,177$1,804$1,489$1,143
18 years$2,919$2,416$1,987$1,626$1,324$997
19 years$2,737$2,239$1,819$1,469$1,180$872
20 years$2,573$2,081$1,669$1,330$1,054$764
21 years$2,425$1,938$1,536$1,207$943$670
22 years$2,290$1,809$1,415$1,098$845$589
23 years$2,167$1,692$1,307$1,000$759$518
24 years$2,055$1,585$1,209$912$682$456
25 years$1,952$1,488$1,119$833$614$402
26 years$1,857$1,398$1,038$761$553$354
27 years$1,769$1,316$964$697$498$313
28 years$1,687$1,240$896$639$450$276
29 years$1,611$1,170$834$586$406$244
30 years$1,541$1,105$777$537$367$216
31 years$1,475$1,044$724$494$332$191
32 years$1,413$988$676$454$300$169
33 years$1,356$936$631$417$272$150
34 years$1,301$887$589$384$246$132
35 years$1,250$841$551$353$223$117
36 years$1,202$798$516$325$202$104
37 years$1,157$758$483$300$183$92
38 years$1,114$721$452$276$166$82
39 years$1,073$685$423$255$150$72
40 years$1,035$652$397$235$136$64
41 years$998$621$372$217$124$57
42 years$964$591$349$200$112$50
43 years$931$563$328$185$102$45
44 years$899$537$307$171$92$40
45 years$870$512$289$158$84$35
46 years$841$488$271$146$76$31
47 years$814$466$255$134$69$28
48 years$788$445$239$124$63$24
49 years$763$425$225$115$57$22
50 years$739$406$212$106$52$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $757,000, adding $4,956 every year, while hoping to spend $58,717 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: 30/42/28 Blend
39$757,000$757,000$757,000$757,000
40$839,326$799,205$787,472$857,164
41$862,463$775,892$751,377$848,190
42$885,992$749,468$712,106$833,081
43$909,891$719,720$669,489$815,666
44$934,133$686,420$623,351$795,785
45$958,689$649,328$573,507$773,268
46$983,521$608,191$519,766$747,937
47$1,008,588$562,741$461,926$719,601
48$1,033,842$512,693$399,778$688,059
49$1,059,227$457,747$333,104$653,097
50$1,084,678$397,587$261,673$614,488
51$1,110,124$331,878$185,248$571,992
52$1,135,482$260,265$103,579$525,353
53$1,160,658$182,375$16,406$474,302
54$1,185,547$97,814$0$418,549
55$1,210,030$6,164$0$380,683
56$1,233,972$0$0$344,207
57$1,257,222$0$0$346,947
58$1,279,612$0$0$352,186
59$1,300,951$0$0$357,008
60$1,321,027$0$0$361,343
61$1,339,604$0$0$365,110
62$1,356,416$0$0$368,219
63$1,371,169$0$0$370,569
64$1,383,532$0$0$372,050
65$1,393,141$0$0$372,539
66$1,399,587$0$0$371,897
67$1,402,418$0$0$369,972
68$1,401,130$0$0$366,596
69$1,395,163$0$0$361,580
70$1,383,899$0$0$354,716
71$1,366,648$0$0$345,775
72$1,342,647$0$0$334,500
73$1,311,051$0$0$320,609
74$1,270,924$0$0$303,789
75$1,221,227$0$0$283,693
76$1,160,811$0$0$259,938
77$1,088,407$0$0$232,101
78$1,002,607$0$0$199,712
79$901,855$0$0$162,254
80$784,432$0$0$119,153
81$648,435$0$0$69,776
82$491,763$0$0$13,426
83$312,091$0$0$0
84$106,852$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0