Can I retire at age 40 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$62,760$62,201$61,656$61,123$60,603$59,162
2 years$31,069$30,491$29,930$29,386$28,859$27,415
3 years$20,507$19,926$19,367$18,828$18,309$16,909
4 years$15,227$14,648$14,094$13,565$13,058$11,711
5 years$12,060$11,484$10,937$10,419$9,927$8,637
6 years$9,949$9,378$8,839$8,332$7,855$6,623
7 years$8,442$7,875$7,345$6,850$6,388$5,215
8 years$7,312$6,751$6,229$5,746$5,299$4,185
9 years$6,434$5,878$5,365$4,895$4,463$3,406
10 years$5,732$5,181$4,678$4,219$3,803$2,802
11 years$5,157$4,612$4,118$3,672$3,270$2,325
12 years$4,679$4,140$3,655$3,221$2,834$1,942
13 years$4,275$3,741$3,265$2,844$2,471$1,630
14 years$3,929$3,400$2,934$2,524$2,166$1,375
15 years$3,629$3,106$2,649$2,251$1,907$1,164
16 years$3,367$2,850$2,402$2,016$1,686$989
17 years$3,136$2,625$2,185$1,811$1,495$842
18 years$2,931$2,425$1,995$1,632$1,329$718
19 years$2,748$2,248$1,826$1,475$1,185$614
20 years$2,583$2,089$1,676$1,336$1,058$525
21 years$2,434$1,946$1,542$1,212$947$450
22 years$2,299$1,816$1,421$1,102$849$386
23 years$2,176$1,699$1,312$1,004$762$332
24 years$2,063$1,592$1,213$916$685$285
25 years$1,959$1,494$1,124$836$616$245
26 years$1,864$1,404$1,042$764$555$211
27 years$1,776$1,321$968$700$500$182
28 years$1,694$1,245$900$641$452$156
29 years$1,618$1,174$837$588$408$135
30 years$1,547$1,109$780$540$368$116
31 years$1,481$1,048$727$496$333$100
32 years$1,419$992$678$455$301$86
33 years$1,361$939$633$419$273$74
34 years$1,307$890$592$385$247$64
35 years$1,255$845$553$355$224$55
36 years$1,207$802$518$327$203$48
37 years$1,161$761$484$301$184$41
38 years$1,118$724$454$277$166$36
39 years$1,078$688$425$256$151$31
40 years$1,039$655$398$236$137$27
41 years$1,002$623$374$218$124$23
42 years$968$593$350$201$113$20
43 years$934$565$329$185$102$17
44 years$903$539$309$171$93$15
45 years$873$514$290$158$84$13
46 years$844$490$272$146$77$11
47 years$817$468$256$135$70$9
48 years$791$447$240$125$63$8
49 years$766$427$226$115$57$7
50 years$742$407$212$107$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $760,000, adding $5,128 every year, while hoping to spend $55,777 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: 60/31/9 Blend
39$760,000$760,000$760,000$760,000
40$842,810$802,530$790,750$891,372
41$869,430$782,507$757,893$904,538
42$896,896$759,634$722,067$912,077
43$925,235$733,712$683,112$918,915
44$954,476$704,531$640,864$924,988
45$984,648$671,869$595,148$930,227
46$1,015,781$635,489$545,784$934,558
47$1,047,907$595,144$492,584$937,905
48$1,081,058$550,570$435,350$940,184
49$1,115,267$501,490$373,875$941,309
50$1,150,570$447,609$307,946$941,188
51$1,187,003$388,616$237,337$939,722
52$1,224,602$324,183$161,813$936,807
53$1,263,407$253,964$81,129$932,335
54$1,303,458$177,592$0$926,188
55$1,344,797$94,679$0$918,722
56$1,387,466$4,819$0$917,673
57$1,431,511$0$0$915,133
58$1,476,977$0$0$942,512
59$1,523,915$0$0$972,474
60$1,572,372$0$0$1,003,407
61$1,622,403$0$0$1,035,346
62$1,674,060$0$0$1,068,324
63$1,727,401$0$0$1,102,378
64$1,782,485$0$0$1,137,546
65$1,839,371$0$0$1,173,867
66$1,898,125$0$0$1,211,382
67$1,958,813$0$0$1,250,134
68$2,021,504$0$0$1,290,166
69$2,086,270$0$0$1,331,527
70$2,153,188$0$0$1,374,263
71$2,222,336$0$0$1,418,427
72$2,293,797$0$0$1,464,071
73$2,367,658$0$0$1,511,251
74$2,444,009$0$0$1,560,026
75$2,522,946$0$0$1,610,457
76$2,604,568$0$0$1,662,607
77$2,688,981$0$0$1,716,546
78$2,776,294$0$0$1,772,343
79$2,866,624$0$0$1,830,074
80$2,960,093$0$0$1,889,817
81$3,056,829$0$0$1,951,656
82$3,156,969$0$0$2,015,679
83$3,260,656$0$0$2,081,977
84$3,368,042$0$0$2,150,651
85$3,479,287$0$0$2,221,803
86$3,594,562$0$0$2,295,544
87$3,714,047$0$0$2,371,990
88$3,837,934$0$0$2,451,267
89$3,966,427$0$0$2,533,505
90$4,099,743$0$0$2,618,847
91$4,238,111$0$0$2,707,441
92$4,381,780$0$0$2,799,449
93$4,531,011$0$0$2,895,041
94$4,686,087$0$0$2,994,399
95$4,847,306$0$0$3,097,720
96$5,014,992$0$0$3,205,213
97$5,189,490$0$0$3,317,104
98$5,371,169$0$0$3,433,634
99$5,560,430$0$0$3,555,063
100$5,757,699$0$0$3,681,670