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%14.6%
1 years$62,678$62,119$61,575$61,043$60,524$59,375
2 years$31,028$30,451$29,891$29,348$28,821$27,668
3 years$20,480$19,900$19,341$18,803$18,285$17,164
4 years$15,207$14,628$14,075$13,547$13,041$11,960
5 years$12,044$11,469$10,923$10,405$9,914$8,876
6 years$9,936$9,365$8,827$8,321$7,844$6,852
7 years$8,431$7,865$7,336$6,841$6,380$5,432
8 years$7,303$6,742$6,221$5,739$5,292$4,389
9 years$6,425$5,870$5,358$4,888$4,457$3,598
10 years$5,724$5,174$4,672$4,214$3,798$2,982
11 years$5,151$4,606$4,113$3,667$3,266$2,493
12 years$4,673$4,134$3,650$3,217$2,830$2,098
13 years$4,269$3,736$3,261$2,840$2,468$1,776
14 years$3,924$3,396$2,930$2,521$2,163$1,511
15 years$3,624$3,102$2,645$2,248$1,905$1,289
16 years$3,363$2,846$2,398$2,013$1,684$1,104
17 years$3,132$2,621$2,182$1,809$1,493$948
18 years$2,927$2,422$1,992$1,630$1,327$816
19 years$2,744$2,245$1,824$1,473$1,183$704
20 years$2,580$2,086$1,674$1,334$1,057$608
21 years$2,431$1,943$1,540$1,211$946$526
22 years$2,296$1,814$1,419$1,101$848$455
23 years$2,173$1,696$1,310$1,002$761$394
24 years$2,060$1,589$1,212$914$684$342
25 years$1,957$1,492$1,122$835$615$297
26 years$1,861$1,402$1,041$763$554$258
27 years$1,773$1,319$967$699$500$224
28 years$1,692$1,243$899$640$451$195
29 years$1,616$1,173$836$587$407$170
30 years$1,545$1,108$779$539$368$148
31 years$1,479$1,047$726$495$333$129
32 years$1,417$991$677$455$301$112
33 years$1,359$938$633$418$272$98
34 years$1,305$889$591$385$247$85
35 years$1,254$843$553$354$223$74
36 years$1,205$801$517$326$202$65
37 years$1,160$760$484$301$183$56
38 years$1,117$723$453$277$166$49
39 years$1,076$687$424$255$151$43
40 years$1,038$654$398$236$137$37
41 years$1,001$622$373$217$124$33
42 years$966$593$350$201$113$28
43 years$933$565$328$185$102$25
44 years$902$538$308$171$93$22
45 years$872$513$289$158$84$19
46 years$843$490$272$146$76$16
47 years$816$467$255$135$69$14
48 years$790$446$240$125$63$13
49 years$765$426$226$115$57$11
50 years$741$407$212$106$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $759,000, adding $5,505 every year, while hoping to spend $46,157 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: 61/34/5 Blend
39$759,000$759,000$759,000$759,000
40$842,096$801,869$790,105$892,440
41$878,880$792,050$767,463$916,908
42$917,868$780,203$742,515$937,726
43$959,237$766,180$715,136$959,248
44$1,003,179$749,823$685,194$981,538
45$1,049,907$730,967$652,550$1,004,674
46$1,099,649$709,436$617,062$1,028,740
47$1,152,658$685,043$578,579$1,053,830
48$1,209,210$657,592$536,943$1,080,054
49$1,269,609$626,874$491,990$1,107,531
50$1,334,186$592,668$443,549$1,136,398
51$1,403,305$554,740$391,439$1,166,806
52$1,477,365$512,845$335,475$1,198,926
53$1,556,802$466,720$275,460$1,232,948
54$1,642,098$416,092$211,190$1,269,088
55$1,733,779$360,667$142,451$1,307,585
56$1,832,423$300,138$69,022$1,348,705
57$1,938,665$234,180$0$1,392,748
58$2,053,203$162,449$0$1,440,547
59$2,176,804$84,583$0$1,495,937
60$2,310,307$197$0$1,555,662
61$2,454,640$0$0$1,620,199
62$2,610,818$0$0$1,724,168
63$2,779,958$0$0$1,836,896
64$2,963,291$0$0$1,959,132
65$3,162,166$0$0$2,091,785
66$3,378,071$0$0$2,235,853
67$3,612,638$0$0$2,392,433
68$3,867,666$0$0$2,562,733
69$4,145,134$0$0$2,748,080
70$4,447,216$0$0$2,949,937
71$4,776,308$0$0$3,169,913
72$5,135,045$0$0$3,409,778
73$5,526,327$0$0$3,671,479
74$5,953,346$0$0$3,957,162
75$6,419,617$0$0$4,269,187
76$6,929,006$0$0$4,610,153
77$7,485,772$0$0$4,982,921
78$8,094,604$0$0$5,390,642
79$8,760,663$0$0$5,836,783
80$9,489,633$0$0$6,325,163
81$10,287,773$0$0$6,859,989
82$11,161,974$0$0$7,445,891
83$12,119,826$0$0$8,087,970
84$13,169,689$0$0$8,791,843
85$14,320,766$0$0$9,563,696
86$15,583,199$0$0$10,410,344
87$16,968,153$0$0$11,339,291
88$18,487,930$0$0$12,358,803
89$20,156,079$0$0$13,477,988
90$21,987,524$0$0$14,706,875
91$23,998,705$0$0$16,056,513
92$26,207,733$0$0$17,539,076
93$28,634,559$0$0$19,167,970
94$31,301,160$0$0$20,957,969
95$34,231,750$0$0$22,925,346
96$37,453,002$0$0$25,088,030
97$40,994,306$0$0$27,465,773
98$44,888,036$0$0$30,080,337
99$49,169,865$0$0$32,955,698
100$53,879,094$0$0$36,118,271