Can I retire at age 40 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$62,595$62,037$61,493$60,962$60,444$58,253
2 years$30,988$30,410$29,851$29,309$28,783$26,600
3 years$20,453$19,874$19,316$18,778$18,261$16,154
4 years$15,187$14,609$14,057$13,529$13,024$11,009
5 years$12,028$11,454$10,909$10,391$9,901$7,984
6 years$9,923$9,353$8,816$8,310$7,834$6,016
7 years$8,420$7,855$7,326$6,832$6,371$4,652
8 years$7,293$6,733$6,213$5,731$5,285$3,663
9 years$6,417$5,862$5,351$4,882$4,451$2,924
10 years$5,717$5,167$4,665$4,208$3,793$2,358
11 years$5,144$4,600$4,107$3,662$3,262$1,916
12 years$4,667$4,129$3,645$3,212$2,827$1,567
13 years$4,264$3,731$3,257$2,836$2,465$1,288
14 years$3,919$3,392$2,926$2,518$2,161$1,062
15 years$3,620$3,098$2,642$2,245$1,902$879
16 years$3,358$2,843$2,395$2,010$1,681$730
17 years$3,128$2,618$2,180$1,806$1,491$607
18 years$2,923$2,419$1,990$1,628$1,326$505
19 years$2,741$2,242$1,821$1,471$1,181$422
20 years$2,576$2,083$1,672$1,332$1,055$352
21 years$2,428$1,941$1,538$1,209$944$294
22 years$2,293$1,811$1,417$1,099$847$246
23 years$2,170$1,694$1,308$1,001$760$206
24 years$2,058$1,587$1,210$913$683$173
25 years$1,954$1,490$1,121$834$615$145
26 years$1,859$1,400$1,040$762$554$122
27 years$1,771$1,318$965$698$499$102
28 years$1,689$1,242$897$639$450$86
29 years$1,614$1,171$835$586$407$72
30 years$1,543$1,106$778$538$367$60
31 years$1,477$1,046$725$494$332$51
32 years$1,415$989$677$454$301$42
33 years$1,357$937$632$418$272$36
34 years$1,303$888$590$384$246$30
35 years$1,252$842$552$354$223$25
36 years$1,204$799$516$326$202$21
37 years$1,158$759$483$300$183$18
38 years$1,115$722$452$277$166$15
39 years$1,075$686$424$255$151$13
40 years$1,036$653$397$235$137$11
41 years$1,000$621$373$217$124$9
42 years$965$592$349$200$112$7
43 years$932$564$328$185$102$6
44 years$901$538$308$171$93$5
45 years$871$513$289$158$84$4
46 years$842$489$271$146$76$4
47 years$815$467$255$135$69$3
48 years$789$445$240$124$63$3
49 years$764$425$225$115$57$2
50 years$740$406$212$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $758,000, adding $3,819 every year, while hoping to spend $32,519 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: 59/19/22 Blend
39$758,000$758,000$758,000$758,000
40$839,255$799,081$787,332$883,645
41$890,259$803,636$779,108$918,807
42$945,376$807,325$769,518$953,281
43$1,004,990$810,069$758,483$990,165
44$1,069,525$811,789$745,918$1,029,700
45$1,139,447$812,397$731,737$1,072,150
46$1,215,267$811,801$715,846$1,117,810
47$1,297,548$809,902$698,151$1,167,003
48$1,386,908$806,598$678,549$1,220,089
49$1,484,030$801,778$656,937$1,277,465
50$1,589,660$795,325$633,204$1,339,569
51$1,704,625$787,115$607,236$1,406,886
52$1,829,829$777,016$578,911$1,479,953
53$1,966,271$764,890$548,104$1,559,361
54$2,115,049$750,588$514,684$1,645,766
55$2,277,372$733,954$478,513$1,739,891
56$2,454,568$714,822$439,448$1,842,534
57$2,648,103$693,018$397,339$1,954,580
58$2,859,589$668,355$352,029$2,077,004
59$3,090,800$640,636$303,354$2,210,883
60$3,343,689$609,655$251,144$2,357,407
61$3,620,408$575,192$195,221$2,517,891
62$3,923,326$537,012$135,397$2,693,786
63$4,255,052$494,872$71,479$2,886,696
64$4,618,457$448,511$3,263$3,098,390
65$5,016,705$397,653$0$3,330,822
66$5,453,280$342,009$0$3,602,472
67$5,932,019$281,272$0$3,901,277
68$6,457,149$215,118$0$4,229,153
69$7,033,323$143,205$0$4,589,058
70$7,665,671$65,170$0$4,984,254
71$8,359,838$0$0$5,418,335
72$9,122,047$0$0$5,899,316
73$9,959,151$0$0$6,442,587
74$10,878,699$0$0$7,039,430
75$11,889,008$0$0$7,695,252
76$12,999,240$0$0$8,416,008
77$14,219,488$0$0$9,208,260
78$15,560,873$0$0$10,079,237
79$17,035,646$0$0$11,036,904
80$18,657,304$0$0$12,090,035
81$20,440,718$0$0$13,248,296
82$22,402,271$0$0$14,522,341
83$24,560,016$0$0$15,923,904
84$26,933,842$0$0$17,465,915
85$29,545,661$0$0$19,162,621
86$32,419,620$0$0$21,029,719
87$35,582,323$0$0$23,084,506
88$39,063,082$0$0$25,346,038
89$42,894,196$0$0$27,835,314
90$47,111,255$0$0$30,575,472
91$51,753,471$0$0$33,592,005
92$56,864,055$0$0$36,913,007
93$62,490,619$0$0$40,569,432
94$68,685,624$0$0$44,595,388
95$75,506,880$0$0$49,028,459
96$83,018,087$0$0$53,910,061
97$91,289,436$0$0$59,285,827
98$100,398,273$0$0$65,206,046
99$110,429,828$0$0$71,726,129
100$121,478,015$0$0$78,907,135