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%11.5%
1 years$62,760$62,201$61,656$61,123$60,603$60,222
2 years$31,069$30,491$29,930$29,386$28,859$28,474
3 years$20,507$19,926$19,367$18,828$18,309$17,933
4 years$15,227$14,648$14,094$13,565$13,058$12,693
5 years$12,060$11,484$10,937$10,419$9,927$9,574
6 years$9,949$9,378$8,839$8,332$7,855$7,515
7 years$8,442$7,875$7,345$6,850$6,388$6,062
8 years$7,312$6,751$6,229$5,746$5,299$4,986
9 years$6,434$5,878$5,365$4,895$4,463$4,163
10 years$5,732$5,181$4,678$4,219$3,803$3,516
11 years$5,157$4,612$4,118$3,672$3,270$2,996
12 years$4,679$4,140$3,655$3,221$2,834$2,572
13 years$4,275$3,741$3,265$2,844$2,471$2,222
14 years$3,929$3,400$2,934$2,524$2,166$1,929
15 years$3,629$3,106$2,649$2,251$1,907$1,682
16 years$3,367$2,850$2,402$2,016$1,686$1,471
17 years$3,136$2,625$2,185$1,811$1,495$1,291
18 years$2,931$2,425$1,995$1,632$1,329$1,136
19 years$2,748$2,248$1,826$1,475$1,185$1,002
20 years$2,583$2,089$1,676$1,336$1,058$886
21 years$2,434$1,946$1,542$1,212$947$784
22 years$2,299$1,816$1,421$1,102$849$695
23 years$2,176$1,699$1,312$1,004$762$617
24 years$2,063$1,592$1,213$916$685$548
25 years$1,959$1,494$1,124$836$616$488
26 years$1,864$1,404$1,042$764$555$434
27 years$1,776$1,321$968$700$500$387
28 years$1,694$1,245$900$641$452$345
29 years$1,618$1,174$837$588$408$308
30 years$1,547$1,109$780$540$368$275
31 years$1,481$1,048$727$496$333$246
32 years$1,419$992$678$455$301$219
33 years$1,361$939$633$419$273$196
34 years$1,307$890$592$385$247$175
35 years$1,255$845$553$355$224$157
36 years$1,207$802$518$327$203$140
37 years$1,161$761$484$301$184$126
38 years$1,118$724$454$277$166$112
39 years$1,078$688$425$256$151$101
40 years$1,039$655$398$236$137$90
41 years$1,002$623$374$218$124$81
42 years$968$593$350$201$113$72
43 years$934$565$329$185$102$65
44 years$903$539$309$171$93$58
45 years$873$514$290$158$84$52
46 years$844$490$272$146$77$47
47 years$817$468$256$135$70$42
48 years$791$447$240$125$63$37
49 years$766$427$226$115$57$34
50 years$742$407$212$107$52$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $760,000, adding $2,810 every year, while hoping to spend $57,435 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: 69/13/18 Blend
39$760,000$760,000$760,000$760,000
40$840,419$800,139$788,359$894,571
41$865,031$778,235$753,658$909,142
42$890,229$753,333$715,870$918,035
43$916,011$725,225$674,831$926,337
44$942,375$693,692$630,369$933,981
45$969,315$658,501$582,304$940,901
46$996,824$619,407$530,450$947,021
47$1,024,892$576,149$474,611$952,262
48$1,053,503$528,453$414,583$956,538
49$1,082,641$476,027$350,153$959,756
50$1,112,284$418,566$281,096$961,818
51$1,142,406$355,745$207,182$962,616
52$1,172,975$287,220$128,166$962,033
53$1,203,955$212,630$43,796$959,946
54$1,235,301$131,593$0$956,221
55$1,266,965$43,703$0$959,594
56$1,298,886$0$0$970,582
57$1,330,998$0$0$988,012
58$1,363,224$0$0$1,011,759
59$1,395,475$0$0$1,035,500
60$1,427,652$0$0$1,059,161
61$1,459,640$0$0$1,082,653
62$1,491,312$0$0$1,105,878
63$1,522,523$0$0$1,128,725
64$1,553,109$0$0$1,151,069
65$1,582,885$0$0$1,172,770
66$1,611,647$0$0$1,193,669
67$1,639,163$0$0$1,213,590
68$1,665,174$0$0$1,232,335
69$1,689,391$0$0$1,249,683
70$1,711,491$0$0$1,265,388
71$1,731,113$0$0$1,279,174
72$1,747,855$0$0$1,290,735
73$1,761,270$0$0$1,299,730
74$1,770,861$0$0$1,305,778
75$1,776,073$0$0$1,308,457
76$1,776,291$0$0$1,307,299
77$1,770,831$0$0$1,301,782
78$1,758,936$0$0$1,291,328
79$1,739,762$0$0$1,275,296
80$1,712,378$0$0$1,252,974
81$1,675,748$0$0$1,223,575
82$1,628,726$0$0$1,186,226
83$1,570,042$0$0$1,139,959
84$1,498,291$0$0$1,083,704
85$1,411,917$0$0$1,016,276
86$1,309,197$0$0$936,365
87$1,188,228$0$0$842,520
88$1,046,904$0$0$733,138
89$882,894$0$0$606,448
90$693,626$0$0$460,488
91$476,254$0$0$293,094
92$227,633$0$0$101,873
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0