Can I retire at age 40 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$62,925$62,365$61,818$61,284$60,763$58,724
2 years$31,151$30,571$30,009$29,464$28,935$26,901
3 years$20,561$19,978$19,418$18,878$18,357$16,392
4 years$15,267$14,686$14,131$13,600$13,093$11,211
5 years$12,092$11,514$10,966$10,446$9,953$8,160
6 years$9,975$9,402$8,862$8,354$7,875$6,173
7 years$8,464$7,896$7,365$6,868$6,405$4,792
8 years$7,331$6,768$6,246$5,762$5,313$3,789
9 years$6,451$5,893$5,380$4,908$4,475$3,037
10 years$5,747$5,194$4,690$4,230$3,813$2,460
11 years$5,171$4,624$4,129$3,682$3,279$2,008
12 years$4,692$4,151$3,664$3,229$2,841$1,650
13 years$4,286$3,751$3,274$2,851$2,478$1,362
14 years$3,939$3,409$2,942$2,531$2,172$1,129
15 years$3,639$3,115$2,656$2,257$1,912$939
16 years$3,376$2,858$2,408$2,021$1,690$784
17 years$3,144$2,632$2,191$1,816$1,499$655
18 years$2,939$2,432$2,000$1,636$1,333$548
19 years$2,755$2,254$1,831$1,479$1,188$460
20 years$2,590$2,094$1,680$1,339$1,061$386
21 years$2,441$1,951$1,546$1,215$949$325
22 years$2,305$1,821$1,425$1,105$851$273
23 years$2,181$1,703$1,315$1,006$764$230
24 years$2,068$1,596$1,217$918$687$194
25 years$1,965$1,497$1,127$838$618$163
26 years$1,869$1,407$1,045$766$557$138
27 years$1,780$1,325$970$702$502$116
28 years$1,698$1,248$902$643$453$98
29 years$1,622$1,177$839$589$409$83
30 years$1,551$1,112$782$541$369$70
31 years$1,485$1,051$729$497$334$59
32 years$1,423$995$680$457$302$50
33 years$1,365$942$635$420$273$42
34 years$1,310$893$593$386$248$36
35 years$1,259$847$555$356$224$30
36 years$1,210$804$519$328$203$25
37 years$1,165$763$486$302$184$21
38 years$1,121$725$455$278$167$18
39 years$1,080$690$426$256$151$15
40 years$1,042$656$399$237$137$13
41 years$1,005$625$375$218$125$11
42 years$970$595$351$201$113$9
43 years$937$567$330$186$103$8
44 years$905$540$309$172$93$7
45 years$875$515$291$159$85$6
46 years$847$492$273$146$77$5
47 years$819$469$256$135$70$4
48 years$793$448$241$125$63$3
49 years$768$428$226$116$57$3
50 years$744$409$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 $762,000, adding $3,998 every year, while hoping to spend $23,860 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: 56/24/20 Blend
39$762,000$762,000$762,000$762,000
40$843,848$803,462$791,651$886,358
41$904,534$817,445$792,784$929,793
42$970,609$831,313$793,156$974,198
43$1,042,600$845,036$792,715$1,022,051
44$1,121,083$858,580$791,409$1,073,689
45$1,206,694$871,911$789,181$1,129,483
46$1,300,131$884,989$785,974$1,189,843
47$1,402,166$897,775$781,725$1,255,222
48$1,513,644$910,223$776,370$1,326,118
49$1,635,500$922,288$769,843$1,403,081
50$1,768,760$933,920$762,072$1,486,718
51$1,914,556$945,064$752,983$1,577,698
52$2,074,132$955,664$742,500$1,676,760
53$2,248,860$965,658$730,540$1,784,717
54$2,440,250$974,982$717,020$1,902,468
55$2,649,966$983,565$701,850$2,031,004
56$2,879,838$991,335$684,937$2,171,416
57$3,131,883$998,213$666,184$2,324,909
58$3,408,323$1,004,113$645,490$2,492,814
59$3,711,606$1,008,949$622,747$2,676,594
60$4,044,425$1,012,623$597,845$2,877,867
61$4,409,751$1,015,036$570,667$3,098,416
62$4,810,853$1,016,080$541,092$3,340,206
63$5,251,334$1,015,642$508,992$3,605,406
64$5,735,161$1,013,600$474,235$3,896,407
65$6,266,707$1,009,825$436,681$4,215,845
66$6,850,788$1,004,183$396,186$4,566,629
67$7,492,708$996,528$352,598$4,951,965
68$8,198,313$986,706$305,759$5,375,389
69$8,974,042$974,556$255,503$5,840,800
70$9,826,989$959,905$201,658$6,352,496
71$10,764,972$942,570$144,043$6,915,219
72$11,796,601$922,357$82,470$7,534,196
73$12,931,365$899,063$16,744$8,215,189
74$14,179,717$872,470$0$8,964,554
75$15,553,176$842,349$0$9,800,691
76$17,064,432$808,456$0$10,724,483
77$18,727,468$770,535$0$11,740,919
78$20,557,692$728,313$0$12,859,436
79$22,572,079$681,504$0$14,090,440
80$24,789,335$629,801$0$15,445,395
81$27,230,071$572,885$0$16,936,942
82$29,916,997$510,415$0$18,579,007
83$32,875,137$442,032$0$20,386,945
84$36,132,065$367,356$0$22,377,674
85$39,718,166$285,986$0$24,569,845
86$43,666,919$197,500$0$26,984,012
87$48,015,216$101,448$0$29,642,827
88$52,803,708$0$0$32,571,260
89$58,077,192$0$0$35,797,525
90$63,885,027$0$0$39,380,299
91$70,281,607$0$0$43,326,357
92$77,326,867$0$0$47,672,684
93$85,086,854$0$0$52,460,039
94$93,634,349$0$0$57,733,332
95$103,049,550$0$0$63,542,057
96$113,420,833$0$0$69,940,749
97$124,845,584$0$0$76,989,506
98$137,431,119$0$0$84,754,552
99$151,295,693$0$0$93,308,864
100$166,569,622$0$0$102,732,861