Can I retire at age 40 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$62,843$62,283$61,737$61,204$60,683$59,025
2 years$31,110$30,531$29,969$29,425$28,897$27,238
3 years$20,534$19,952$19,392$18,853$18,333$16,726
4 years$15,247$14,667$14,112$13,582$13,075$11,532
5 years$12,076$11,499$10,952$10,433$9,940$8,465
6 years$9,962$9,390$8,851$8,343$7,865$6,460
7 years$8,453$7,886$7,355$6,859$6,396$5,061
8 years$7,322$6,759$6,238$5,754$5,306$4,040
9 years$6,442$5,885$5,372$4,901$4,469$3,270
10 years$5,739$5,188$4,684$4,225$3,808$2,675
11 years$5,164$4,618$4,124$3,677$3,275$2,206
12 years$4,686$4,145$3,660$3,225$2,838$1,832
13 years$4,281$3,746$3,270$2,847$2,475$1,529
14 years$3,934$3,405$2,938$2,528$2,169$1,282
15 years$3,634$3,110$2,652$2,254$1,910$1,078
16 years$3,372$2,854$2,405$2,018$1,688$910
17 years$3,140$2,628$2,188$1,813$1,497$769
18 years$2,935$2,429$1,998$1,634$1,331$652
19 years$2,751$2,251$1,829$1,477$1,186$554
20 years$2,586$2,092$1,678$1,337$1,060$471
21 years$2,437$1,948$1,544$1,214$948$400
22 years$2,302$1,819$1,423$1,104$850$341
23 years$2,179$1,701$1,314$1,005$763$291
24 years$2,066$1,594$1,215$917$686$248
25 years$1,962$1,496$1,125$837$617$212
26 years$1,866$1,406$1,044$765$556$181
27 years$1,778$1,323$969$701$501$155
28 years$1,696$1,246$901$642$452$132
29 years$1,620$1,176$838$589$408$113
30 years$1,549$1,111$781$540$369$97
31 years$1,483$1,050$728$496$334$83
32 years$1,421$993$679$456$302$71
33 years$1,363$941$634$419$273$61
34 years$1,308$892$593$386$247$52
35 years$1,257$846$554$355$224$44
36 years$1,209$803$518$327$203$38
37 years$1,163$762$485$301$184$33
38 years$1,120$724$454$278$167$28
39 years$1,079$689$426$256$151$24
40 years$1,040$655$399$236$137$21
41 years$1,004$624$374$218$124$18
42 years$969$594$351$201$113$15
43 years$936$566$329$186$102$13
44 years$904$540$309$171$93$11
45 years$874$515$290$158$84$9
46 years$845$491$273$146$77$8
47 years$818$468$256$135$70$7
48 years$792$447$241$125$63$6
49 years$767$427$226$115$57$5
50 years$743$408$213$107$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $761,000, adding $5,513 every year, while hoping to spend $52,073 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: 51/39/10 Blend
39$761,000$761,000$761,000$761,000
40$844,309$803,976$792,180$884,881
41$875,023$787,965$763,313$897,160
42$907,125$769,425$731,733$904,483
43$940,701$748,176$697,296$911,235
44$975,844$724,029$659,847$917,376
45$1,012,657$696,783$619,229$922,864
46$1,051,249$666,227$575,274$927,657
47$1,091,740$632,135$527,809$931,712
48$1,134,258$594,270$476,651$934,987
49$1,178,945$552,382$421,612$937,438
50$1,225,953$506,204$362,491$939,022
51$1,275,449$455,457$299,083$939,697
52$1,327,613$399,843$231,171$939,420
53$1,382,643$339,049$158,529$938,152
54$1,440,754$272,743$80,921$935,854
55$1,502,181$200,578$0$932,488
56$1,567,179$122,181$0$928,224
57$1,636,027$37,165$0$932,057
58$1,709,032$0$0$935,346
59$1,786,526$0$0$961,655
60$1,868,874$0$0$1,006,601
61$1,956,476$0$0$1,054,457
62$2,049,768$0$0$1,105,467
63$2,149,228$0$0$1,159,900
64$2,255,381$0$0$1,218,047
65$2,368,799$0$0$1,280,231
66$2,490,112$0$0$1,346,802
67$2,620,009$0$0$1,418,147
68$2,759,247$0$0$1,494,689
69$2,908,655$0$0$1,576,894
70$3,069,144$0$0$1,665,270
71$3,241,712$0$0$1,760,378
72$3,427,457$0$0$1,862,832
73$3,627,584$0$0$1,973,308
74$3,843,414$0$0$2,092,547
75$4,076,403$0$0$2,221,364
76$4,328,147$0$0$2,360,655
77$4,600,401$0$0$2,511,404
78$4,895,095$0$0$2,674,693
79$5,214,349$0$0$2,851,712
80$5,560,496$0$0$3,043,770
81$5,936,100$0$0$3,252,304
82$6,343,981$0$0$3,478,899
83$6,787,241$0$0$3,725,294
84$7,269,294$0$0$3,993,405
85$7,793,893$0$0$4,285,339
86$8,365,170$0$0$4,603,416
87$8,987,670$0$0$4,950,188
88$9,666,397$0$0$5,328,463
89$10,406,857$0$0$5,741,332
90$11,215,110$0$0$6,192,199
91$12,097,827$0$0$6,684,810
92$13,062,353$0$0$7,223,289
93$14,116,773$0$0$7,812,177
94$15,269,989$0$0$8,456,472
95$16,531,802$0$0$9,161,681
96$17,913,004$0$0$9,933,864
97$19,425,480$0$0$10,779,698
98$21,082,317$0$0$11,706,532
99$22,897,928$0$0$12,722,464
100$24,888,186$0$0$13,836,410