Can I retire at age 40 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$62,678$62,119$61,575$61,043$60,524$58,870
2 years$31,028$30,451$29,891$29,348$28,821$27,166
3 years$20,480$19,900$19,341$18,803$18,285$16,682
4 years$15,207$14,628$14,075$13,547$13,041$11,502
5 years$12,044$11,469$10,923$10,405$9,914$8,443
6 years$9,936$9,365$8,827$8,321$7,844$6,443
7 years$8,431$7,865$7,336$6,841$6,380$5,047
8 years$7,303$6,742$6,221$5,739$5,292$4,029
9 years$6,425$5,870$5,358$4,888$4,457$3,261
10 years$5,724$5,174$4,672$4,214$3,798$2,668
11 years$5,151$4,606$4,113$3,667$3,266$2,201
12 years$4,673$4,134$3,650$3,217$2,830$1,827
13 years$4,269$3,736$3,261$2,840$2,468$1,525
14 years$3,924$3,396$2,930$2,521$2,163$1,279
15 years$3,624$3,102$2,645$2,248$1,905$1,076
16 years$3,363$2,846$2,398$2,013$1,684$907
17 years$3,132$2,621$2,182$1,809$1,493$767
18 years$2,927$2,422$1,992$1,630$1,327$650
19 years$2,744$2,245$1,824$1,473$1,183$552
20 years$2,580$2,086$1,674$1,334$1,057$469
21 years$2,431$1,943$1,540$1,211$946$399
22 years$2,296$1,814$1,419$1,101$848$340
23 years$2,173$1,696$1,310$1,002$761$290
24 years$2,060$1,589$1,212$914$684$248
25 years$1,957$1,492$1,122$835$615$211
26 years$1,861$1,402$1,041$763$554$181
27 years$1,773$1,319$967$699$500$154
28 years$1,692$1,243$899$640$451$132
29 years$1,616$1,173$836$587$407$113
30 years$1,545$1,108$779$539$368$97
31 years$1,479$1,047$726$495$333$83
32 years$1,417$991$677$455$301$71
33 years$1,359$938$633$418$272$61
34 years$1,305$889$591$385$247$52
35 years$1,254$843$553$354$223$44
36 years$1,205$801$517$326$202$38
37 years$1,160$760$484$301$183$33
38 years$1,117$723$453$277$166$28
39 years$1,076$687$424$255$151$24
40 years$1,038$654$398$236$137$20
41 years$1,001$622$373$217$124$18
42 years$966$593$350$201$113$15
43 years$933$565$328$185$102$13
44 years$902$538$308$171$93$11
45 years$872$513$289$158$84$9
46 years$843$490$272$146$76$8
47 years$816$467$255$135$69$7
48 years$790$446$240$125$63$6
49 years$765$426$226$115$57$5
50 years$741$407$212$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $759,000, adding $2,911 every year, while hoping to spend $54,511 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: 59/16/25 Blend
39$759,000$759,000$759,000$759,000
40$839,421$799,194$787,429$883,134
41$867,042$780,355$755,809$894,421
42$895,654$758,766$721,302$900,625
43$925,300$734,235$683,755$906,225
44$956,026$706,558$643,006$911,177
45$987,881$675,519$598,887$915,433
46$1,020,917$640,891$551,222$918,943
47$1,055,189$602,434$499,826$921,655
48$1,090,756$559,891$444,508$923,515
49$1,127,681$512,993$385,067$924,467
50$1,166,031$461,456$321,293$924,452
51$1,205,877$404,979$252,968$923,412
52$1,247,297$343,243$179,862$921,281
53$1,290,371$275,912$101,737$917,998
54$1,335,189$202,631$18,345$913,494
55$1,381,843$123,025$0$907,700
56$1,430,436$36,698$0$919,393
57$1,481,076$0$0$936,102
58$1,533,881$0$0$962,923
59$1,588,976$0$0$997,662
60$1,646,498$0$0$1,033,945
61$1,706,594$0$0$1,071,866
62$1,769,423$0$0$1,111,528
63$1,835,156$0$0$1,153,040
64$1,903,979$0$0$1,196,523
65$1,976,093$0$0$1,242,106
66$2,051,718$0$0$1,289,931
67$2,131,089$0$0$1,340,148
68$2,214,464$0$0$1,392,926
69$2,302,123$0$0$1,448,443
70$2,394,368$0$0$1,506,896
71$2,491,532$0$0$1,568,499
72$2,593,974$0$0$1,633,485
73$2,702,087$0$0$1,702,106
74$2,816,299$0$0$1,774,640
75$2,937,076$0$0$1,851,388
76$3,064,927$0$0$1,932,680
77$3,200,411$0$0$2,018,876
78$3,344,133$0$0$2,110,370
79$3,496,760$0$0$2,207,591
80$3,659,018$0$0$2,311,011
81$3,831,702$0$0$2,421,144
82$4,015,683$0$0$2,538,555
83$4,211,914$0$0$2,663,862
84$4,421,439$0$0$2,797,740
85$4,645,404$0$0$2,940,932
86$4,885,061$0$0$3,094,251
87$5,141,787$0$0$3,258,588
88$5,417,091$0$0$3,434,923
89$5,712,627$0$0$3,624,329
90$6,030,211$0$0$3,827,984
91$6,371,839$0$0$4,047,183
92$6,739,699$0$0$4,283,344
93$7,136,195$0$0$4,538,030
94$7,563,969$0$0$4,812,954
95$8,025,922$0$0$5,110,000
96$8,525,243$0$0$5,431,237
97$9,065,436$0$0$5,778,941
98$9,650,353$0$0$6,155,613
99$10,284,230$0$0$6,564,003
100$10,971,722$0$0$7,007,135