Can I retire at age 40 with 761,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.5%
1 years$62,843$62,283$61,737$61,204$60,683$60,301
2 years$31,110$30,531$29,969$29,425$28,897$28,511
3 years$20,534$19,952$19,392$18,853$18,333$17,956
4 years$15,247$14,667$14,112$13,582$13,075$12,710
5 years$12,076$11,499$10,952$10,433$9,940$9,587
6 years$9,962$9,390$8,851$8,343$7,865$7,525
7 years$8,453$7,886$7,355$6,859$6,396$6,070
8 years$7,322$6,759$6,238$5,754$5,306$4,993
9 years$6,442$5,885$5,372$4,901$4,469$4,168
10 years$5,739$5,188$4,684$4,225$3,808$3,520
11 years$5,164$4,618$4,124$3,677$3,275$3,000
12 years$4,686$4,145$3,660$3,225$2,838$2,576
13 years$4,281$3,746$3,270$2,847$2,475$2,225
14 years$3,934$3,405$2,938$2,528$2,169$1,931
15 years$3,634$3,110$2,652$2,254$1,910$1,684
16 years$3,372$2,854$2,405$2,018$1,688$1,473
17 years$3,140$2,628$2,188$1,813$1,497$1,293
18 years$2,935$2,429$1,998$1,634$1,331$1,138
19 years$2,751$2,251$1,829$1,477$1,186$1,003
20 years$2,586$2,092$1,678$1,337$1,060$887
21 years$2,437$1,948$1,544$1,214$948$785
22 years$2,302$1,819$1,423$1,104$850$696
23 years$2,179$1,701$1,314$1,005$763$618
24 years$2,066$1,594$1,215$917$686$549
25 years$1,962$1,496$1,125$837$617$488
26 years$1,866$1,406$1,044$765$556$435
27 years$1,778$1,323$969$701$501$387
28 years$1,696$1,246$901$642$452$345
29 years$1,620$1,176$838$589$408$308
30 years$1,549$1,111$781$540$369$275
31 years$1,483$1,050$728$496$334$246
32 years$1,421$993$679$456$302$220
33 years$1,363$941$634$419$273$196
34 years$1,308$892$593$386$247$176
35 years$1,257$846$554$355$224$157
36 years$1,209$803$518$327$203$141
37 years$1,163$762$485$301$184$126
38 years$1,120$724$454$278$167$113
39 years$1,079$689$426$256$151$101
40 years$1,040$655$399$236$137$90
41 years$1,004$624$374$218$124$81
42 years$969$594$351$201$113$72
43 years$936$566$329$186$102$65
44 years$904$540$309$171$93$58
45 years$874$515$290$158$84$52
46 years$845$491$273$146$77$47
47 years$818$468$256$135$70$42
48 years$792$447$241$125$63$38
49 years$767$427$226$115$57$34
50 years$743$408$213$107$52$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $761,000, adding $6,699 every year, while hoping to spend $56,715 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: 71/19/10 Blend
39$761,000$761,000$761,000$761,000
40$845,532$805,199$793,404$903,456
41$871,432$784,309$759,638$921,789
42$898,073$760,495$722,841$934,246
43$925,470$733,554$682,850$946,346
44$953,640$703,270$639,497$958,042
45$982,597$669,415$592,606$969,282
46$1,012,355$631,750$541,992$980,011
47$1,042,929$590,020$487,462$990,169
48$1,074,332$543,955$428,816$999,692
49$1,106,576$493,271$365,844$1,008,511
50$1,139,674$437,668$298,326$1,016,554
51$1,173,634$376,827$226,034$1,023,742
52$1,208,466$310,413$148,727$1,029,989
53$1,244,177$238,071$66,158$1,035,205
54$1,280,773$159,426$0$1,039,294
55$1,318,257$74,083$0$1,044,494
56$1,356,630$0$0$1,056,036
57$1,395,890$0$0$1,070,607
58$1,436,033$0$0$1,101,336
59$1,477,050$0$0$1,132,727
60$1,518,928$0$0$1,164,771
61$1,561,651$0$0$1,197,453
62$1,605,198$0$0$1,230,756
63$1,649,540$0$0$1,264,657
64$1,694,645$0$0$1,299,130
65$1,740,471$0$0$1,334,141
66$1,786,970$0$0$1,369,652
67$1,834,085$0$0$1,405,618
68$1,881,748$0$0$1,441,984
69$1,929,881$0$0$1,478,688
70$1,978,394$0$0$1,515,660
71$2,027,182$0$0$1,552,816
72$2,076,127$0$0$1,590,063
73$2,125,093$0$0$1,627,294
74$2,173,925$0$0$1,664,385
75$2,222,449$0$0$1,701,200
76$2,270,465$0$0$1,737,582
77$2,317,751$0$0$1,773,355
78$2,364,055$0$0$1,808,321
79$2,409,093$0$0$1,842,256
80$2,452,549$0$0$1,874,913
81$2,494,065$0$0$1,906,009
82$2,533,243$0$0$1,935,233
83$2,569,638$0$0$1,962,235
84$2,602,753$0$0$1,986,623
85$2,632,033$0$0$2,007,962
86$2,656,858$0$0$2,025,767
87$2,676,541$0$0$2,039,498
88$2,690,315$0$0$2,048,552
89$2,697,328$0$0$2,052,263
90$2,696,634$0$0$2,049,887
91$2,687,180$0$0$2,040,600
92$2,667,800$0$0$2,023,487
93$2,637,199$0$0$1,997,532
94$2,593,941$0$0$1,961,612
95$2,536,435$0$0$1,914,477
96$2,462,917$0$0$1,854,748
97$2,371,435$0$0$1,780,894
98$2,259,827$0$0$1,691,221
99$2,125,700$0$0$1,583,854
100$1,966,406$0$0$1,456,720