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%18.5%
1 years$62,843$62,283$61,737$61,204$60,683$58,600
2 years$31,110$30,531$29,969$29,425$28,897$26,819
3 years$20,534$19,952$19,392$18,853$18,333$16,327
4 years$15,247$14,667$14,112$13,582$13,075$11,155
5 years$12,076$11,499$10,952$10,433$9,940$8,111
6 years$9,962$9,390$8,851$8,343$7,865$6,129
7 years$8,453$7,886$7,355$6,859$6,396$4,752
8 years$7,322$6,759$6,238$5,754$5,306$3,754
9 years$6,442$5,885$5,372$4,901$4,469$3,005
10 years$5,739$5,188$4,684$4,225$3,808$2,431
11 years$5,164$4,618$4,124$3,677$3,275$1,982
12 years$4,686$4,145$3,660$3,225$2,838$1,626
13 years$4,281$3,746$3,270$2,847$2,475$1,341
14 years$3,934$3,405$2,938$2,528$2,169$1,110
15 years$3,634$3,110$2,652$2,254$1,910$922
16 years$3,372$2,854$2,405$2,018$1,688$768
17 years$3,140$2,628$2,188$1,813$1,497$641
18 years$2,935$2,429$1,998$1,634$1,331$536
19 years$2,751$2,251$1,829$1,477$1,186$449
20 years$2,586$2,092$1,678$1,337$1,060$376
21 years$2,437$1,948$1,544$1,214$948$316
22 years$2,302$1,819$1,423$1,104$850$265
23 years$2,179$1,701$1,314$1,005$763$223
24 years$2,066$1,594$1,215$917$686$188
25 years$1,962$1,496$1,125$837$617$158
26 years$1,866$1,406$1,044$765$556$133
27 years$1,778$1,323$969$701$501$112
28 years$1,696$1,246$901$642$452$94
29 years$1,620$1,176$838$589$408$80
30 years$1,549$1,111$781$540$369$67
31 years$1,483$1,050$728$496$334$57
32 years$1,421$993$679$456$302$48
33 years$1,363$941$634$419$273$40
34 years$1,308$892$593$386$247$34
35 years$1,257$846$554$355$224$29
36 years$1,209$803$518$327$203$24
37 years$1,163$762$485$301$184$20
38 years$1,120$724$454$278$167$17
39 years$1,079$689$426$256$151$14
40 years$1,040$655$399$236$137$12
41 years$1,004$624$374$218$124$10
42 years$969$594$351$201$113$9
43 years$936$566$329$186$102$7
44 years$904$540$309$171$93$6
45 years$874$515$290$158$84$5
46 years$845$491$273$146$77$4
47 years$818$468$256$135$70$4
48 years$792$447$241$125$63$3
49 years$767$427$226$115$57$3
50 years$743$408$213$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $761,000, adding $5,796 every year, while hoping to spend $37,053 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: 86/5/9 Blend
39$761,000$761,000$761,000$761,000
40$844,601$804,268$792,472$915,783
41$891,326$804,253$779,596$963,098
42$941,575$802,995$765,046$1,009,417
43$995,669$800,395$748,728$1,059,148
44$1,053,959$796,346$730,543$1,112,609
45$1,116,831$790,736$710,384$1,170,153
46$1,184,711$783,445$688,145$1,232,164
47$1,258,064$774,346$663,711$1,299,067
48$1,337,404$763,306$636,962$1,371,331
49$1,423,293$750,182$607,774$1,449,470
50$1,516,351$734,823$576,017$1,534,052
51$1,617,259$717,070$541,554$1,625,701
52$1,726,767$696,754$504,243$1,725,106
53$1,845,697$673,695$463,936$1,833,023
54$1,974,957$647,705$420,477$1,950,287
55$2,115,543$618,582$373,703$2,077,818
56$2,268,551$586,116$323,445$2,216,628
57$2,435,189$550,081$269,526$2,367,833
58$2,616,784$510,241$211,761$2,532,662
59$2,814,798$466,345$149,956$2,712,469
60$3,030,839$418,127$83,911$2,908,745
61$3,266,677$365,308$13,415$3,123,135
62$3,524,262$307,592$0$3,357,449
63$3,805,739$244,665$0$3,619,621
64$4,113,469$176,199$0$3,907,672
65$4,450,053$101,843$0$4,222,760
66$4,818,355$21,230$0$4,567,579
67$5,221,527$0$0$4,945,097
68$5,663,041$0$0$5,362,215
69$6,146,720$0$0$5,820,458
70$6,676,775$0$0$6,322,647
71$7,257,844$0$0$6,873,178
72$7,895,032$0$0$7,476,889
73$8,593,965$0$0$8,139,112
74$9,360,840$0$0$8,865,720
75$10,202,480$0$0$9,663,178
76$11,126,402$0$0$10,538,611
77$12,140,887$0$0$11,499,867
78$13,255,057$0$0$12,555,590
79$14,478,960$0$0$13,715,302
80$15,823,666$0$0$14,989,496
81$17,301,368$0$0$16,389,727
82$18,925,503$0$0$17,928,727
83$20,710,871$0$0$19,620,524
84$22,673,777$0$0$21,480,571
85$24,832,187$0$0$23,525,893
86$27,205,894$0$0$25,775,249
87$29,816,706$0$0$28,249,304
88$32,688,648$0$0$30,970,831
89$35,848,193$0$0$33,964,916
90$39,324,509$0$0$37,259,203
91$43,149,733$0$0$40,884,147
92$47,359,274$0$0$44,873,308
93$51,992,150$0$0$49,263,661
94$57,091,348$0$0$54,095,948
95$62,704,240$0$0$59,415,061
96$68,883,017$0$0$65,270,465
97$75,685,193$0$0$71,716,666
98$83,174,138$0$0$78,813,720
99$91,419,680$0$0$86,627,805
100$100,498,764$0$0$95,231,842