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%13%
1 years$62,760$62,201$61,656$61,123$60,603$59,846
2 years$31,069$30,491$29,930$29,386$28,859$28,097
3 years$20,507$19,926$19,367$18,828$18,309$17,566
4 years$15,227$14,648$14,094$13,565$13,058$12,340
5 years$12,060$11,484$10,937$10,419$9,927$9,235
6 years$9,949$9,378$8,839$8,332$7,855$7,191
7 years$8,442$7,875$7,345$6,850$6,388$5,752
8 years$7,312$6,751$6,229$5,746$5,299$4,691
9 years$6,434$5,878$5,365$4,895$4,463$3,882
10 years$5,732$5,181$4,678$4,219$3,803$3,249
11 years$5,157$4,612$4,118$3,672$3,270$2,743
12 years$4,679$4,140$3,655$3,221$2,834$2,333
13 years$4,275$3,741$3,265$2,844$2,471$1,996
14 years$3,929$3,400$2,934$2,524$2,166$1,716
15 years$3,629$3,106$2,649$2,251$1,907$1,481
16 years$3,367$2,850$2,402$2,016$1,686$1,282
17 years$3,136$2,625$2,185$1,811$1,495$1,114
18 years$2,931$2,425$1,995$1,632$1,329$970
19 years$2,748$2,248$1,826$1,475$1,185$846
20 years$2,583$2,089$1,676$1,336$1,058$739
21 years$2,434$1,946$1,542$1,212$947$647
22 years$2,299$1,816$1,421$1,102$849$567
23 years$2,176$1,699$1,312$1,004$762$498
24 years$2,063$1,592$1,213$916$685$437
25 years$1,959$1,494$1,124$836$616$385
26 years$1,864$1,404$1,042$764$555$338
27 years$1,776$1,321$968$700$500$298
28 years$1,694$1,245$900$641$452$263
29 years$1,618$1,174$837$588$408$231
30 years$1,547$1,109$780$540$368$204
31 years$1,481$1,048$727$496$333$180
32 years$1,419$992$678$455$301$159
33 years$1,361$939$633$419$273$140
34 years$1,307$890$592$385$247$124
35 years$1,255$845$553$355$224$109
36 years$1,207$802$518$327$203$97
37 years$1,161$761$484$301$184$85
38 years$1,118$724$454$277$166$76
39 years$1,078$688$425$256$151$67
40 years$1,039$655$398$236$137$59
41 years$1,002$623$374$218$124$52
42 years$968$593$350$201$113$46
43 years$934$565$329$185$102$41
44 years$903$539$309$171$93$36
45 years$873$514$290$158$84$32
46 years$844$490$272$146$77$28
47 years$817$468$256$135$70$25
48 years$791$447$240$125$63$22
49 years$766$427$226$115$57$20
50 years$742$407$212$107$52$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $760,000, adding $6,137 every year, while hoping to spend $54,026 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: 66/26/8 Blend
39$760,000$760,000$760,000$760,000
40$843,850$803,570$791,790$897,856
41$872,440$785,462$760,832$916,432
42$902,135$764,656$727,026$929,709
43$932,991$740,962$690,220$942,801
44$965,067$714,181$650,254$955,681
45$998,429$684,100$606,962$968,327
46$1,033,143$650,496$560,169$980,710
47$1,069,284$613,130$509,695$992,807
48$1,106,930$571,752$455,349$1,004,589
49$1,146,166$526,097$396,932$1,016,031
50$1,187,083$475,885$334,238$1,027,104
51$1,229,780$420,818$267,050$1,037,783
52$1,274,364$360,584$195,142$1,048,040
53$1,320,948$294,851$118,278$1,057,849
54$1,369,656$223,271$36,212$1,067,185
55$1,420,623$145,473$0$1,076,023
56$1,473,993$61,068$0$1,088,726
57$1,529,924$0$0$1,104,470
58$1,588,585$0$0$1,128,853
59$1,650,162$0$0$1,172,803
60$1,714,855$0$0$1,218,993
61$1,782,883$0$0$1,267,581
62$1,854,483$0$0$1,318,739
63$1,929,913$0$0$1,372,653
64$2,009,455$0$0$1,429,529
65$2,093,414$0$0$1,489,586
66$2,182,126$0$0$1,553,069
67$2,275,954$0$0$1,620,240
68$2,375,298$0$0$1,691,389
69$2,480,591$0$0$1,766,830
70$2,592,309$0$0$1,846,908
71$2,710,972$0$0$1,932,000
72$2,837,146$0$0$2,022,517
73$2,971,455$0$0$2,118,911
74$3,114,578$0$0$2,221,675
75$3,267,261$0$0$2,331,351
76$3,430,319$0$0$2,448,529
77$3,604,649$0$0$2,573,860
78$3,791,229$0$0$2,708,056
79$3,991,137$0$0$2,851,897
80$4,205,550$0$0$3,006,240
81$4,435,765$0$0$3,172,025
82$4,683,201$0$0$3,350,283
83$4,949,417$0$0$3,542,146
84$5,236,126$0$0$3,748,859
85$5,545,209$0$0$3,971,787
86$5,878,730$0$0$4,212,431
87$6,238,959$0$0$4,472,440
88$6,628,391$0$0$4,753,625
89$7,049,766$0$0$5,057,978
90$7,506,097$0$0$5,387,690
91$8,000,698$0$0$5,745,166
92$8,537,212$0$0$6,133,055
93$9,119,643$0$0$6,554,268
94$9,752,399$0$0$7,012,007
95$10,440,326$0$0$7,509,795
96$11,188,758$0$0$8,051,509
97$12,003,560$0$0$8,641,412
98$12,891,188$0$0$9,284,198
99$13,858,748$0$0$9,985,031
100$14,914,057$0$0$10,749,596