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%11.2%
1 years$62,925$62,365$61,818$61,284$60,763$60,456
2 years$31,151$30,571$30,009$29,464$28,935$28,625
3 years$20,561$19,978$19,418$18,878$18,357$18,054
4 years$15,267$14,686$14,131$13,600$13,093$12,799
5 years$12,092$11,514$10,966$10,446$9,953$9,669
6 years$9,975$9,402$8,862$8,354$7,875$7,602
7 years$8,464$7,896$7,365$6,868$6,405$6,142
8 years$7,331$6,768$6,246$5,762$5,313$5,061
9 years$6,451$5,893$5,380$4,908$4,475$4,232
10 years$5,747$5,194$4,690$4,230$3,813$3,581
11 years$5,171$4,624$4,129$3,682$3,279$3,057
12 years$4,692$4,151$3,664$3,229$2,841$2,630
13 years$4,286$3,751$3,274$2,851$2,478$2,276
14 years$3,939$3,409$2,942$2,531$2,172$1,980
15 years$3,639$3,115$2,656$2,257$1,912$1,729
16 years$3,376$2,858$2,408$2,021$1,690$1,516
17 years$3,144$2,632$2,191$1,816$1,499$1,333
18 years$2,939$2,432$2,000$1,636$1,333$1,176
19 years$2,755$2,254$1,831$1,479$1,188$1,039
20 years$2,590$2,094$1,680$1,339$1,061$920
21 years$2,441$1,951$1,546$1,215$949$816
22 years$2,305$1,821$1,425$1,105$851$725
23 years$2,181$1,703$1,315$1,006$764$645
24 years$2,068$1,596$1,217$918$687$575
25 years$1,965$1,497$1,127$838$618$513
26 years$1,869$1,407$1,045$766$557$457
27 years$1,780$1,325$970$702$502$409
28 years$1,698$1,248$902$643$453$365
29 years$1,622$1,177$839$589$409$327
30 years$1,551$1,112$782$541$369$292
31 years$1,485$1,051$729$497$334$262
32 years$1,423$995$680$457$302$234
33 years$1,365$942$635$420$273$210
34 years$1,310$893$593$386$248$188
35 years$1,259$847$555$356$224$169
36 years$1,210$804$519$328$203$152
37 years$1,165$763$486$302$184$136
38 years$1,121$725$455$278$167$122
39 years$1,080$690$426$256$151$110
40 years$1,042$656$399$237$137$98
41 years$1,005$625$375$218$125$88
42 years$970$595$351$201$113$79
43 years$937$567$330$186$103$71
44 years$905$540$309$172$93$64
45 years$875$515$291$159$85$57
46 years$847$492$273$146$77$52
47 years$819$469$256$135$70$46
48 years$793$448$241$125$63$42
49 years$768$428$226$116$57$37
50 years$744$409$213$107$52$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $762,000, adding $3,853 every year, while hoping to spend $23,223 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: 47/37/16 Blend
39$762,000$762,000$762,000$762,000
40$843,698$803,312$791,501$879,374
41$905,047$817,966$793,308$919,183
42$971,874$832,558$794,396$959,695
43$1,044,715$847,064$794,718$1,003,163
44$1,124,157$861,451$794,223$1,049,871
45$1,210,849$875,690$792,856$1,100,133
46$1,305,501$889,745$790,563$1,154,297
47$1,408,900$903,579$787,284$1,212,743
48$1,521,907$917,155$782,958$1,275,895
49$1,645,475$930,428$777,520$1,344,217
50$1,780,648$943,354$770,902$1,418,223
51$1,928,581$955,885$763,034$1,498,479
52$2,090,541$967,968$753,840$1,585,610
53$2,267,926$979,549$743,244$1,680,305
54$2,462,275$990,567$731,164$1,783,326
55$2,675,283$1,000,961$717,514$1,895,512
56$2,908,817$1,010,663$702,205$2,017,788
57$3,164,931$1,019,600$685,144$2,151,176
58$3,445,891$1,027,697$666,233$2,296,803
59$3,754,190$1,034,873$645,369$2,455,913
60$4,092,575$1,041,039$622,447$2,629,876
61$4,464,072$1,046,105$597,354$2,820,206
62$4,872,015$1,049,971$569,972$3,028,572
63$5,320,075$1,052,534$540,181$3,256,816
64$5,812,297$1,053,683$507,852$3,506,967
65$6,353,137$1,053,300$472,851$3,781,267
66$6,947,505$1,051,259$435,039$4,082,187
67$7,600,809$1,047,429$394,271$4,412,451
68$8,319,006$1,041,667$350,393$4,775,067
69$9,108,660$1,033,825$303,248$5,173,349
70$9,977,005$1,023,744$252,668$5,610,956
71$10,932,008$1,011,256$198,481$6,091,919
72$11,982,447$996,182$140,504$6,620,687
73$13,137,996$978,334$78,550$7,202,165
74$14,409,311$957,511$12,421$7,841,763
75$15,808,133$933,502$0$8,545,445
76$17,347,402$906,083$0$9,329,719
77$19,041,371$875,015$0$10,194,819
78$20,905,748$840,048$0$11,146,659
79$22,957,840$800,916$0$12,194,101
80$25,216,715$757,337$0$13,346,911
81$27,703,387$709,013$0$14,615,857
82$30,441,009$655,630$0$16,012,808
83$33,455,091$596,856$0$17,550,850
84$36,773,747$532,339$0$19,244,404
85$40,427,952$461,706$0$21,109,371
86$44,451,840$384,566$0$23,163,277
87$48,883,021$300,504$0$25,425,441
88$53,762,942$209,081$0$27,917,158
89$59,137,270$109,834$0$30,661,903
90$65,056,332$2,276$0$33,685,551
91$71,575,579$0$0$37,016,623
92$78,756,121$0$0$40,733,017
93$86,665,292$0$0$44,827,669
94$95,377,295$0$0$49,338,081
95$104,973,894$0$0$54,306,602
96$115,545,191$0$0$59,779,897
97$127,190,476$0$0$65,809,390
98$140,019,160$0$0$72,451,748
99$154,151,810$0$0$79,769,415
100$169,721,287$0$0$87,831,203