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%15.3%
1 years$62,760$62,201$61,656$61,123$60,603$59,283
2 years$31,069$30,491$29,930$29,386$28,859$27,535
3 years$20,507$19,926$19,367$18,828$18,309$17,024
4 years$15,227$14,648$14,094$13,565$13,058$11,821
5 years$12,060$11,484$10,937$10,419$9,927$8,741
6 years$9,949$9,378$8,839$8,332$7,855$6,721
7 years$8,442$7,875$7,345$6,850$6,388$5,307
8 years$7,312$6,751$6,229$5,746$5,299$4,271
9 years$6,434$5,878$5,365$4,895$4,463$3,487
10 years$5,732$5,181$4,678$4,219$3,803$2,877
11 years$5,157$4,612$4,118$3,672$3,270$2,395
12 years$4,679$4,140$3,655$3,221$2,834$2,007
13 years$4,275$3,741$3,265$2,844$2,471$1,691
14 years$3,929$3,400$2,934$2,524$2,166$1,431
15 years$3,629$3,106$2,649$2,251$1,907$1,216
16 years$3,367$2,850$2,402$2,016$1,686$1,036
17 years$3,136$2,625$2,185$1,811$1,495$885
18 years$2,931$2,425$1,995$1,632$1,329$758
19 years$2,748$2,248$1,826$1,475$1,185$650
20 years$2,583$2,089$1,676$1,336$1,058$558
21 years$2,434$1,946$1,542$1,212$947$480
22 years$2,299$1,816$1,421$1,102$849$414
23 years$2,176$1,699$1,312$1,004$762$357
24 years$2,063$1,592$1,213$916$685$308
25 years$1,959$1,494$1,124$836$616$266
26 years$1,864$1,404$1,042$764$555$230
27 years$1,776$1,321$968$700$500$198
28 years$1,694$1,245$900$641$452$172
29 years$1,618$1,174$837$588$408$148
30 years$1,547$1,109$780$540$368$128
31 years$1,481$1,048$727$496$333$111
32 years$1,419$992$678$455$301$96
33 years$1,361$939$633$419$273$83
34 years$1,307$890$592$385$247$72
35 years$1,255$845$553$355$224$63
36 years$1,207$802$518$327$203$54
37 years$1,161$761$484$301$184$47
38 years$1,118$724$454$277$166$41
39 years$1,078$688$425$256$151$35
40 years$1,039$655$398$236$137$31
41 years$1,002$623$374$218$124$27
42 years$968$593$350$201$113$23
43 years$934$565$329$185$102$20
44 years$903$539$309$171$93$17
45 years$873$514$290$158$84$15
46 years$844$490$272$146$77$13
47 years$817$468$256$135$70$11
48 years$791$447$240$125$63$10
49 years$766$427$226$115$57$8
50 years$742$407$212$107$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $760,000, adding $5,459 every year, while hoping to spend $45,037 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: 35/43/22 Blend
39$760,000$760,000$760,000$760,000
40$843,151$802,871$791,091$866,864
41$881,233$794,293$769,673$876,247
42$921,691$783,784$746,029$881,833
43$964,718$771,204$720,036$886,943
44$1,010,527$756,402$691,565$891,565
45$1,059,353$739,218$660,485$895,685
46$1,111,450$719,482$626,654$899,294
47$1,167,098$697,017$589,927$902,387
48$1,226,605$671,633$550,152$904,962
49$1,290,305$643,130$507,169$907,021
50$1,358,568$611,296$460,811$908,575
51$1,431,799$575,906$410,905$909,638
52$1,510,441$536,724$357,269$910,233
53$1,594,982$493,499$299,713$910,392
54$1,685,955$445,966$238,039$910,157
55$1,783,949$393,844$172,039$909,582
56$1,889,608$336,839$101,499$908,732
57$2,003,640$274,637$26,192$907,688
58$2,126,825$206,907$0$906,549
59$2,260,017$133,301$0$918,147
60$2,404,157$53,451$0$937,293
61$2,560,278$0$0$958,055
62$2,729,516$0$0$996,314
63$2,913,122$0$0$1,065,353
64$3,112,469$0$0$1,140,406
65$3,329,069$0$0$1,222,057
66$3,564,585$0$0$1,310,943
67$3,820,846$0$0$1,407,770
68$4,099,865$0$0$1,513,310
69$4,403,857$0$0$1,628,418
70$4,735,258$0$0$1,754,029
71$5,096,752$0$0$1,891,178
72$5,491,291$0$0$2,041,001
73$5,922,125$0$0$2,204,748
74$6,392,832$0$0$2,383,798
75$6,907,350$0$0$2,579,668
76$7,470,017$0$0$2,794,027
77$8,085,606$0$0$3,028,714
78$8,759,375$0$0$3,285,755
79$9,497,113$0$0$3,567,379
80$10,305,196$0$0$3,876,043
81$11,190,643$0$0$4,214,452
82$12,161,187$0$0$4,585,585
83$13,225,343$0$0$4,992,723
84$14,392,489$0$0$5,439,480
85$15,672,957$0$0$5,929,838
86$17,078,125$0$0$6,468,181
87$18,620,525$0$0$7,059,341
88$20,313,963$0$0$7,708,639
89$22,173,647$0$0$8,421,936
90$24,216,331$0$0$9,205,690
91$26,460,469$0$0$10,067,016
92$28,926,393$0$0$11,013,750
93$31,636,499$0$0$12,054,529
94$34,615,465$0$0$13,198,864
95$37,890,474$0$0$14,457,237
96$41,491,477$0$0$15,841,195
97$45,451,473$0$0$17,363,460
98$49,806,815$0$0$19,038,050
99$54,597,561$0$0$20,880,409
100$59,867,841$0$0$22,907,553