Can I retire at age 40 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$63,008$62,447$61,899$61,365$60,843$59,180
2 years$31,192$30,611$30,048$29,502$28,973$27,310
3 years$20,588$20,005$19,443$18,902$18,381$16,770
4 years$15,287$14,706$14,150$13,618$13,110$11,563
5 years$12,107$11,529$10,981$10,460$9,966$8,487
6 years$9,988$9,415$8,874$8,365$7,886$6,477
7 years$8,475$7,906$7,374$6,877$6,413$5,074
8 years$7,341$6,777$6,254$5,769$5,320$4,050
9 years$6,459$5,901$5,387$4,914$4,480$3,278
10 years$5,754$5,201$4,696$4,236$3,818$2,682
11 years$5,178$4,630$4,134$3,687$3,283$2,212
12 years$4,698$4,156$3,669$3,234$2,845$1,837
13 years$4,292$3,756$3,278$2,855$2,481$1,533
14 years$3,944$3,414$2,945$2,534$2,175$1,285
15 years$3,643$3,119$2,659$2,260$1,915$1,081
16 years$3,380$2,861$2,411$2,024$1,692$912
17 years$3,148$2,635$2,194$1,818$1,501$771
18 years$2,943$2,435$2,003$1,639$1,334$654
19 years$2,759$2,257$1,834$1,481$1,189$555
20 years$2,593$2,097$1,683$1,341$1,062$472
21 years$2,444$1,953$1,548$1,217$951$402
22 years$2,308$1,823$1,426$1,107$852$342
23 years$2,184$1,705$1,317$1,008$765$292
24 years$2,071$1,598$1,218$919$688$249
25 years$1,967$1,499$1,128$839$619$212
26 years$1,871$1,409$1,046$767$557$182
27 years$1,783$1,326$972$703$502$155
28 years$1,701$1,250$903$644$453$133
29 years$1,624$1,179$841$590$409$113
30 years$1,553$1,113$783$542$370$97
31 years$1,487$1,053$730$497$334$83
32 years$1,425$996$681$457$302$71
33 years$1,366$943$636$420$274$61
34 years$1,312$894$594$387$248$52
35 years$1,260$848$555$356$224$45
36 years$1,212$805$520$328$203$38
37 years$1,166$764$486$302$184$33
38 years$1,123$726$455$279$167$28
39 years$1,082$691$427$257$152$24
40 years$1,043$657$400$237$137$21
41 years$1,006$626$375$219$125$18
42 years$971$596$352$202$113$15
43 years$938$568$330$186$103$13
44 years$907$541$310$172$93$11
45 years$876$516$291$159$85$9
46 years$848$492$273$147$77$8
47 years$820$470$257$135$70$7
48 years$794$448$241$125$63$6
49 years$769$428$227$116$58$5
50 years$745$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 $763,000, adding $5,591 every year, while hoping to spend $30,723 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: 64/8/28 Blend
39$763,000$763,000$763,000$763,000
40$846,593$806,154$794,328$894,147
41$900,257$812,967$788,249$933,829
42$958,364$819,083$780,936$973,289
43$1,021,336$824,437$772,317$1,015,741
44$1,089,636$828,958$762,313$1,061,482
45$1,163,772$832,571$750,844$1,110,842
46$1,244,305$835,194$737,825$1,164,184
47$1,331,849$836,744$723,167$1,221,910
48$1,427,083$837,130$706,778$1,284,464
49$1,530,751$836,255$688,561$1,352,334
50$1,643,673$834,017$668,413$1,426,062
51$1,766,753$830,309$646,230$1,506,244
52$1,900,982$825,014$621,899$1,593,538
53$2,047,455$818,012$595,305$1,688,673
54$2,207,373$809,173$566,326$1,792,450
55$2,382,062$798,360$534,835$1,905,755
56$2,572,980$785,427$500,700$2,029,567
57$2,781,732$770,221$463,781$2,164,965
58$3,010,086$752,578$423,935$2,313,140
59$3,259,987$732,327$381,008$2,475,406
60$3,533,578$709,283$334,845$2,653,213
61$3,833,219$683,255$285,278$2,848,162
62$4,161,509$654,036$232,137$3,062,018
63$4,521,310$621,410$175,240$3,296,731
64$4,915,773$585,149$114,400$3,554,449
65$5,348,370$545,009$49,421$3,837,544
66$5,822,924$500,735$0$4,148,631
67$6,343,647$452,056$0$4,496,550
68$6,915,177$398,685$0$4,894,674
69$7,542,625$340,320$0$5,331,800
70$8,231,618$276,641$0$5,811,872
71$8,988,357$207,311$0$6,339,234
72$9,819,673$131,973$0$6,918,672
73$10,733,090$50,250$0$7,555,460
74$11,736,898$0$0$8,255,413
75$12,840,228$0$0$9,028,302
76$14,053,143$0$0$9,882,875
77$15,386,726$0$0$10,822,526
78$16,853,189$0$0$11,855,866
79$18,465,988$0$0$12,992,385
80$20,239,946$0$0$14,242,536
81$22,191,396$0$0$15,617,838
82$24,338,334$0$0$17,130,981
83$26,700,588$0$0$18,795,948
84$29,300,003$0$0$20,628,147
85$32,160,651$0$0$22,644,554
86$35,309,054$0$0$24,863,872
87$38,774,437$0$0$27,306,712
88$42,589,001$0$0$29,995,784
89$46,788,227$0$0$32,956,110
90$51,411,211$0$0$36,215,263
91$56,501,033$0$0$39,803,626
92$62,105,162$0$0$43,754,675
93$68,275,904$0$0$48,105,300
94$75,070,896$0$0$52,896,150
95$82,553,650$0$0$58,172,016
96$90,794,148$0$0$63,982,255
97$99,869,508$0$0$70,381,254
98$109,864,707$0$0$77,428,944
99$120,873,384$0$0$85,191,366
100$132,998,724$0$0$93,741,293