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%15.5%
1 years$63,008$62,447$61,899$61,365$60,843$59,468
2 years$31,192$30,611$30,048$29,502$28,973$27,596
3 years$20,588$20,005$19,443$18,902$18,381$17,044
4 years$15,287$14,706$14,150$13,618$13,110$11,823
5 years$12,107$11,529$10,981$10,460$9,966$8,733
6 years$9,988$9,415$8,874$8,365$7,886$6,708
7 years$8,475$7,906$7,374$6,877$6,413$5,291
8 years$7,341$6,777$6,254$5,769$5,320$4,254
9 years$6,459$5,901$5,387$4,914$4,480$3,468
10 years$5,754$5,201$4,696$4,236$3,818$2,858
11 years$5,178$4,630$4,134$3,687$3,283$2,376
12 years$4,698$4,156$3,669$3,234$2,845$1,988
13 years$4,292$3,756$3,278$2,855$2,481$1,673
14 years$3,944$3,414$2,945$2,534$2,175$1,414
15 years$3,643$3,119$2,659$2,260$1,915$1,200
16 years$3,380$2,861$2,411$2,024$1,692$1,021
17 years$3,148$2,635$2,194$1,818$1,501$871
18 years$2,943$2,435$2,003$1,639$1,334$745
19 years$2,759$2,257$1,834$1,481$1,189$638
20 years$2,593$2,097$1,683$1,341$1,062$547
21 years$2,444$1,953$1,548$1,217$951$470
22 years$2,308$1,823$1,426$1,107$852$404
23 years$2,184$1,705$1,317$1,008$765$348
24 years$2,071$1,598$1,218$919$688$300
25 years$1,967$1,499$1,128$839$619$258
26 years$1,871$1,409$1,046$767$557$223
27 years$1,783$1,326$972$703$502$192
28 years$1,701$1,250$903$644$453$166
29 years$1,624$1,179$841$590$409$143
30 years$1,553$1,113$783$542$370$124
31 years$1,487$1,053$730$497$334$107
32 years$1,425$996$681$457$302$93
33 years$1,366$943$636$420$274$80
34 years$1,312$894$594$387$248$69
35 years$1,260$848$555$356$224$60
36 years$1,212$805$520$328$203$52
37 years$1,166$764$486$302$184$45
38 years$1,123$726$455$279$167$39
39 years$1,082$691$427$257$152$34
40 years$1,043$657$400$237$137$29
41 years$1,006$626$375$219$125$25
42 years$971$596$352$202$113$22
43 years$938$568$330$186$103$19
44 years$907$541$310$172$93$16
45 years$876$516$291$159$85$14
46 years$848$492$273$147$77$12
47 years$820$470$257$135$70$11
48 years$794$448$241$125$63$9
49 years$769$428$227$116$58$8
50 years$745$409$213$107$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $763,000, adding $6,578 every year, while hoping to spend $58,141 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: 60/34/6 Blend
39$763,000$763,000$763,000$763,000
40$847,611$807,172$795,346$897,104
41$872,206$784,862$760,128$908,708
42$897,361$759,510$721,782$914,076
43$923,071$730,906$680,142$918,452
44$949,331$698,827$635,033$921,742
45$976,131$663,037$586,274$923,845
46$1,003,458$623,288$533,676$924,651
47$1,031,297$579,315$477,041$924,044
48$1,059,628$530,840$416,161$921,901
49$1,088,428$477,570$350,820$918,085
50$1,117,668$419,191$280,793$912,455
51$1,147,315$355,376$205,844$904,855
52$1,177,328$285,777$125,727$895,121
53$1,207,662$210,026$40,186$883,075
54$1,238,263$127,737$0$868,527
55$1,269,069$38,499$0$854,545
56$1,300,008$0$0$840,596
57$1,331,001$0$0$845,633
58$1,361,954$0$0$865,015
59$1,392,763$0$0$884,267
60$1,423,309$0$0$903,311
61$1,453,458$0$0$922,055
62$1,483,059$0$0$940,400
63$1,511,942$0$0$958,230
64$1,539,915$0$0$975,420
65$1,566,765$0$0$991,826
66$1,592,252$0$0$1,007,288
67$1,616,107$0$0$1,021,628
68$1,638,031$0$0$1,034,645
69$1,657,689$0$0$1,046,118
70$1,674,708$0$0$1,055,797
71$1,688,674$0$0$1,063,409
72$1,699,122$0$0$1,068,643
73$1,705,541$0$0$1,071,160
74$1,707,356$0$0$1,070,580
75$1,703,934$0$0$1,066,480
76$1,694,570$0$0$1,058,393
77$1,678,481$0$0$1,045,800
78$1,654,799$0$0$1,028,125
79$1,622,563$0$0$1,004,731
80$1,580,706$0$0$974,910
81$1,528,048$0$0$937,880
82$1,463,282$0$0$892,773
83$1,384,959$0$0$838,632
84$1,291,479$0$0$774,394
85$1,181,070$0$0$698,886
86$1,051,771$0$0$610,810
87$901,416$0$0$508,730
88$727,610$0$0$391,059
89$527,704$0$0$256,045
90$298,773$0$0$101,750
91$37,583$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0