Can I retire at age 40 with 762,000?

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 $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%11.8%
1 years$62,925$62,365$61,818$61,284$60,763$60,304
2 years$31,151$30,571$30,009$29,464$28,935$28,472
3 years$20,561$19,978$19,418$18,878$18,357$17,905
4 years$15,267$14,686$14,131$13,600$13,093$12,655
5 years$12,092$11,514$10,966$10,446$9,953$9,530
6 years$9,975$9,402$8,862$8,354$7,875$7,469
7 years$8,464$7,896$7,365$6,868$6,405$6,014
8 years$7,331$6,768$6,246$5,762$5,313$4,939
9 years$6,451$5,893$5,380$4,908$4,475$4,116
10 years$5,747$5,194$4,690$4,230$3,813$3,470
11 years$5,171$4,624$4,129$3,682$3,279$2,952
12 years$4,692$4,151$3,664$3,229$2,841$2,529
13 years$4,286$3,751$3,274$2,851$2,478$2,181
14 years$3,939$3,409$2,942$2,531$2,172$1,889
15 years$3,639$3,115$2,656$2,257$1,912$1,644
16 years$3,376$2,858$2,408$2,021$1,690$1,435
17 years$3,144$2,632$2,191$1,816$1,499$1,257
18 years$2,939$2,432$2,000$1,636$1,333$1,104
19 years$2,755$2,254$1,831$1,479$1,188$971
20 years$2,590$2,094$1,680$1,339$1,061$857
21 years$2,441$1,951$1,546$1,215$949$757
22 years$2,305$1,821$1,425$1,105$851$669
23 years$2,181$1,703$1,315$1,006$764$593
24 years$2,068$1,596$1,217$918$687$525
25 years$1,965$1,497$1,127$838$618$466
26 years$1,869$1,407$1,045$766$557$414
27 years$1,780$1,325$970$702$502$368
28 years$1,698$1,248$902$643$453$328
29 years$1,622$1,177$839$589$409$292
30 years$1,551$1,112$782$541$369$260
31 years$1,485$1,051$729$497$334$231
32 years$1,423$995$680$457$302$206
33 years$1,365$942$635$420$273$184
34 years$1,310$893$593$386$248$164
35 years$1,259$847$555$356$224$146
36 years$1,210$804$519$328$203$131
37 years$1,165$763$486$302$184$117
38 years$1,121$725$455$278$167$104
39 years$1,080$690$426$256$151$93
40 years$1,042$656$399$237$137$83
41 years$1,005$625$375$218$125$74
42 years$970$595$351$201$113$66
43 years$937$567$330$186$103$59
44 years$905$540$309$172$93$53
45 years$875$515$291$159$85$47
46 years$847$492$273$146$77$42
47 years$819$469$256$135$70$38
48 years$793$448$241$125$63$34
49 years$768$428$226$116$57$30
50 years$744$409$213$107$52$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $762,000, adding $6,199 every year, while hoping to spend $48,594 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: 52/22/26 Blend
39$762,000$762,000$762,000$762,000
40$846,118$805,732$793,921$883,677
41$880,719$793,510$768,814$898,151
42$917,220$779,059$741,237$908,441
43$955,764$762,221$711,056$918,654
44$996,507$742,824$678,131$928,804
45$1,039,618$720,690$642,316$938,906
46$1,085,282$695,628$603,457$948,981
47$1,133,703$667,435$561,395$959,057
48$1,185,100$635,899$515,962$969,166
49$1,239,717$600,795$466,983$979,348
50$1,297,817$561,883$414,276$989,650
51$1,359,691$518,911$357,650$1,000,129
52$1,425,654$471,613$296,906$1,010,852
53$1,496,055$419,706$231,837$1,021,897
54$1,571,274$362,893$162,225$1,033,355
55$1,651,728$300,859$87,844$1,045,332
56$1,737,874$233,271$8,456$1,057,949
57$1,830,214$159,778$0$1,071,347
58$1,929,297$80,008$0$1,106,843
59$2,035,727$0$0$1,147,343
60$2,150,167$0$0$1,192,337
61$2,273,343$0$0$1,261,669
62$2,406,056$0$0$1,336,425
63$2,549,181$0$0$1,417,108
64$2,703,682$0$0$1,504,267
65$2,870,619$0$0$1,598,510
66$3,051,156$0$0$1,700,501
67$3,246,570$0$0$1,810,971
68$3,458,269$0$0$1,930,726
69$3,687,799$0$0$2,060,649
70$3,936,859$0$0$2,201,713
71$4,207,320$0$0$2,354,989
72$4,501,238$0$0$2,521,653
73$4,820,877$0$0$2,702,999
74$5,168,724$0$0$2,900,454
75$5,547,520$0$0$3,115,584
76$5,960,278$0$0$3,350,115
77$6,410,315$0$0$3,605,945
78$6,901,282$0$0$3,885,165
79$7,437,196$0$0$4,190,075
80$8,022,481$0$0$4,523,207
81$8,662,006$0$0$4,887,349
82$9,361,131$0$0$5,285,571
83$10,125,758$0$0$5,721,253
84$10,962,386$0$0$6,198,116
85$11,878,170$0$0$6,720,258
86$12,880,988$0$0$7,292,191
87$13,979,518$0$0$7,918,886
88$15,183,315$0$0$8,605,813
89$16,502,904$0$0$9,359,003
90$17,949,873$0$0$10,185,093
91$19,536,988$0$0$11,091,395
92$21,278,311$0$0$12,085,964
93$23,189,328$0$0$13,177,671
94$25,287,098$0$0$14,376,289
95$27,590,413$0$0$15,692,583
96$30,119,974$0$0$17,138,411
97$32,898,583$0$0$18,726,836
98$35,951,361$0$0$20,472,251
99$39,305,981$0$0$22,390,509
100$42,992,932$0$0$24,499,078