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%17%
1 years$62,925$62,365$61,818$61,284$60,763$59,031
2 years$31,151$30,571$30,009$29,464$28,935$27,203
3 years$20,561$19,978$19,418$18,878$18,357$16,681
4 years$15,267$14,686$14,131$13,600$13,093$11,483
5 years$12,092$11,514$10,966$10,446$9,953$8,416
6 years$9,975$9,402$8,862$8,354$7,875$6,412
7 years$8,464$7,896$7,365$6,868$6,405$5,015
8 years$7,331$6,768$6,246$5,762$5,313$3,996
9 years$6,451$5,893$5,380$4,908$4,475$3,228
10 years$5,747$5,194$4,690$4,230$3,813$2,636
11 years$5,171$4,624$4,129$3,682$3,279$2,170
12 years$4,692$4,151$3,664$3,229$2,841$1,798
13 years$4,286$3,751$3,274$2,851$2,478$1,498
14 years$3,939$3,409$2,942$2,531$2,172$1,253
15 years$3,639$3,115$2,656$2,257$1,912$1,052
16 years$3,376$2,858$2,408$2,021$1,690$886
17 years$3,144$2,632$2,191$1,816$1,499$747
18 years$2,939$2,432$2,000$1,636$1,333$632
19 years$2,755$2,254$1,831$1,479$1,188$535
20 years$2,590$2,094$1,680$1,339$1,061$454
21 years$2,441$1,951$1,546$1,215$949$385
22 years$2,305$1,821$1,425$1,105$851$328
23 years$2,181$1,703$1,315$1,006$764$279
24 years$2,068$1,596$1,217$918$687$237
25 years$1,965$1,497$1,127$838$618$202
26 years$1,869$1,407$1,045$766$557$172
27 years$1,780$1,325$970$702$502$147
28 years$1,698$1,248$902$643$453$125
29 years$1,622$1,177$839$589$409$107
30 years$1,551$1,112$782$541$369$91
31 years$1,485$1,051$729$497$334$78
32 years$1,423$995$680$457$302$66
33 years$1,365$942$635$420$273$57
34 years$1,310$893$593$386$248$48
35 years$1,259$847$555$356$224$41
36 years$1,210$804$519$328$203$35
37 years$1,165$763$486$302$184$30
38 years$1,121$725$455$278$167$26
39 years$1,080$690$426$256$151$22
40 years$1,042$656$399$237$137$19
41 years$1,005$625$375$218$125$16
42 years$970$595$351$201$113$14
43 years$937$567$330$186$103$12
44 years$905$540$309$172$93$10
45 years$875$515$291$159$85$9
46 years$847$492$273$146$77$7
47 years$819$469$256$135$70$6
48 years$793$448$241$125$63$5
49 years$768$428$226$116$57$5
50 years$744$409$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 $762,000, adding $6,574 every year, while hoping to spend $35,988 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: 39/33/28 Blend
39$762,000$762,000$762,000$762,000
40$846,505$806,119$794,308$872,279
41$894,558$807,328$782,626$892,914
42$946,305$807,390$769,347$911,411
43$1,002,087$806,211$754,379$930,727
44$1,062,276$803,690$737,626$950,958
45$1,127,279$799,723$718,988$972,215
46$1,197,548$794,195$698,361$994,621
47$1,273,575$786,989$675,633$1,018,317
48$1,355,905$777,976$650,692$1,043,458
49$1,445,133$767,023$623,416$1,070,220
50$1,541,917$753,987$593,681$1,098,799
51$1,646,979$738,718$561,355$1,129,417
52$1,761,112$721,057$526,301$1,162,318
53$1,885,189$700,833$488,377$1,197,780
54$2,020,173$677,868$447,432$1,236,109
55$2,167,120$651,973$403,311$1,277,650
56$2,327,194$622,947$355,849$1,322,786
57$2,501,675$590,579$304,877$1,371,944
58$2,691,971$554,643$250,216$1,425,602
59$2,899,634$514,902$191,680$1,484,289
60$3,126,371$471,107$129,075$1,548,596
61$3,374,061$422,991$62,199$1,619,181
62$3,644,772$370,274$0$1,696,775
63$3,940,782$312,661$0$1,784,930
64$4,264,599$249,839$0$1,901,818
65$4,618,984$181,477$0$2,029,909
66$5,006,977$107,226$0$2,170,389
67$5,431,927$26,718$0$2,324,567
68$5,897,520$0$0$2,493,894
69$6,407,816$0$0$2,701,918
70$6,967,289$0$0$2,940,729
71$7,580,862$0$0$3,202,741
72$8,253,962$0$0$3,490,282
73$8,992,564$0$0$3,805,919
74$9,803,249$0$0$4,152,479
75$10,693,267$0$0$4,533,077
76$11,670,604$0$0$4,951,143
77$12,744,059$0$0$5,410,456
78$13,923,322$0$0$5,915,179
79$15,219,071$0$0$6,469,899
80$16,643,066$0$0$7,079,669
81$18,208,265$0$0$7,750,055
82$19,928,945$0$0$8,487,191
83$21,820,832$0$0$9,297,833
84$23,901,255$0$0$10,189,427
85$26,189,303$0$0$11,170,174
86$28,706,011$0$0$12,249,113
87$31,474,553$0$0$13,436,200
88$34,520,464$0$0$14,742,407
89$37,871,876$0$0$16,179,822
90$41,559,787$0$0$17,761,765
91$45,618,351$0$0$19,502,911
92$50,085,203$0$0$21,419,432
93$55,001,807$0$0$23,529,145
94$60,413,855$0$0$25,851,685
95$66,371,690$0$0$28,408,684
96$72,930,786$0$0$31,223,982
97$80,152,269$0$0$34,323,844
98$88,103,494$0$0$37,737,215
99$96,858,678$0$0$41,495,989
100$106,499,602$0$0$45,635,310