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%19.6%
1 years$62,512$61,956$61,412$60,882$60,364$58,038
2 years$30,947$30,370$29,812$29,270$28,745$26,429
3 years$20,426$19,847$19,290$18,754$18,237$16,004
4 years$15,167$14,590$14,038$13,511$13,007$10,874
5 years$12,012$11,439$10,894$10,378$9,888$7,861
6 years$9,910$9,341$8,804$8,299$7,824$5,904
7 years$8,409$7,844$7,316$6,823$6,363$4,549
8 years$7,283$6,724$6,205$5,724$5,278$3,570
9 years$6,408$5,854$5,344$4,875$4,445$2,839
10 years$5,709$5,160$4,659$4,203$3,788$2,280
11 years$5,137$4,594$4,102$3,658$3,257$1,846
12 years$4,661$4,123$3,640$3,208$2,823$1,504
13 years$4,258$3,726$3,252$2,832$2,462$1,230
14 years$3,913$3,387$2,922$2,514$2,158$1,011
15 years$3,615$3,094$2,638$2,242$1,900$833
16 years$3,354$2,839$2,392$2,008$1,679$688
17 years$3,124$2,614$2,177$1,804$1,489$570
18 years$2,919$2,416$1,987$1,626$1,324$473
19 years$2,737$2,239$1,819$1,469$1,180$392
20 years$2,573$2,081$1,669$1,330$1,054$326
21 years$2,425$1,938$1,536$1,207$943$272
22 years$2,290$1,809$1,415$1,098$845$226
23 years$2,167$1,692$1,307$1,000$759$188
24 years$2,055$1,585$1,209$912$682$157
25 years$1,952$1,488$1,119$833$614$131
26 years$1,857$1,398$1,038$761$553$109
27 years$1,769$1,316$964$697$498$91
28 years$1,687$1,240$896$639$450$76
29 years$1,611$1,170$834$586$406$64
30 years$1,541$1,105$777$537$367$53
31 years$1,475$1,044$724$494$332$44
32 years$1,413$988$676$454$300$37
33 years$1,356$936$631$417$272$31
34 years$1,301$887$589$384$246$26
35 years$1,250$841$551$353$223$22
36 years$1,202$798$516$325$202$18
37 years$1,157$758$483$300$183$15
38 years$1,114$721$452$276$166$13
39 years$1,073$685$423$255$150$11
40 years$1,035$652$397$235$136$9
41 years$998$621$372$217$124$7
42 years$964$591$349$200$112$6
43 years$931$563$328$185$102$5
44 years$899$537$307$171$92$4
45 years$870$512$289$158$84$4
46 years$841$488$271$146$76$3
47 years$814$466$255$134$69$3
48 years$788$445$239$124$63$2
49 years$763$425$225$115$57$2
50 years$739$406$212$106$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $757,000, adding $4,132 every year, while hoping to spend $30,582 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: 61/28/11 Blend
39$757,000$757,000$757,000$757,000
40$838,476$798,355$786,622$887,221
41$891,462$804,936$780,434$926,999
42$948,827$810,813$773,015$966,525
43$1,010,986$815,922$764,290$1,008,903
44$1,078,395$820,190$754,182$1,054,407
45$1,151,554$823,543$742,610$1,103,346
46$1,231,016$825,899$729,490$1,156,054
47$1,317,385$827,174$714,734$1,212,906
48$1,411,330$827,277$698,249$1,274,312
49$1,513,583$826,112$679,938$1,340,726
50$1,624,953$823,576$659,701$1,412,650
51$1,746,328$819,560$637,430$1,490,637
52$1,878,685$813,950$613,015$1,575,298
53$2,023,100$806,624$586,341$1,667,307
54$2,180,759$797,451$557,286$1,767,410
55$2,352,965$786,295$525,724$1,876,428
56$2,541,154$773,010$491,523$1,995,268
57$2,746,907$757,442$454,543$2,124,932
58$2,971,962$739,427$414,641$2,266,525
59$3,218,236$718,793$371,666$2,421,267
60$3,487,839$695,357$325,460$2,590,506
61$3,783,094$668,925$275,858$2,775,727
62$4,106,559$639,292$222,688$2,978,570
63$4,461,052$606,240$165,772$3,200,845
64$4,849,675$569,542$104,921$3,444,550
65$5,275,846$528,953$39,940$3,711,888
66$5,743,328$484,218$0$4,005,291
67$6,256,268$435,066$0$4,330,894
68$6,819,232$381,209$0$4,693,433
69$7,437,251$322,345$0$5,091,507
70$8,115,865$258,154$0$5,528,748
71$8,861,178$188,299$0$6,009,158
72$9,679,914$112,421$0$6,537,154
73$10,579,481$30,145$0$7,117,603
74$11,568,037$0$0$7,755,874
75$12,654,575$0$0$8,476,043
76$13,848,997$0$0$9,277,993
77$15,162,215$0$0$10,159,770
78$16,606,251$0$0$11,129,453
79$18,194,350$0$0$12,195,947
80$19,941,103$0$0$13,369,058
81$21,862,591$0$0$14,659,594
82$23,976,525$0$0$16,079,461
83$26,302,426$0$0$17,641,780
84$28,861,798$0$0$19,361,005
85$31,678,336$0$0$21,253,063
86$34,778,149$0$0$23,335,505
87$38,190,005$0$0$25,627,666
88$41,945,601$0$0$28,150,854
89$46,079,865$0$0$30,928,545
90$50,631,282$0$0$33,986,610
91$55,642,258$0$0$37,353,553
92$61,159,522$0$0$41,060,784
93$67,234,561$0$0$45,142,913
94$73,924,113$0$0$49,638,078
95$81,290,695$0$0$54,588,303
96$89,403,198$0$0$60,039,897
97$98,337,533$0$0$66,043,886
98$108,177,350$0$0$72,656,499
99$119,014,823$0$0$79,939,697
100$130,951,525$0$0$87,961,757