Can I retire at age 40 with 702,000?

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 $702,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$57,971$57,454$56,950$56,459$55,978$55,051
2 years$28,698$28,164$27,646$27,144$26,656$25,725
3 years$18,942$18,405$17,889$17,391$16,912$16,005
4 years$14,065$13,530$13,018$12,529$12,062$11,187
5 years$11,140$10,608$10,103$9,624$9,169$8,328
6 years$9,190$8,662$8,165$7,696$7,255$6,450
7 years$7,798$7,274$6,785$6,327$5,900$5,130
8 years$6,754$6,235$5,754$5,308$4,895$4,160
9 years$5,943$5,429$4,956$4,521$4,122$3,422
10 years$5,294$4,785$4,321$3,897$3,512$2,847
11 years$4,764$4,260$3,804$3,392$3,021$2,389
12 years$4,322$3,824$3,376$2,975$2,618$2,019
13 years$3,949$3,456$3,016$2,627$2,283$1,716
14 years$3,629$3,141$2,710$2,332$2,001$1,465
15 years$3,352$2,869$2,447$2,079$1,762$1,256
16 years$3,110$2,633$2,218$1,862$1,557$1,080
17 years$2,897$2,424$2,019$1,673$1,381$931
18 years$2,707$2,240$1,843$1,508$1,228$805
19 years$2,538$2,076$1,687$1,362$1,094$697
20 years$2,386$1,929$1,548$1,234$977$605
21 years$2,248$1,797$1,424$1,120$875$525
22 years$2,124$1,678$1,312$1,018$784$457
23 years$2,010$1,569$1,212$927$704$398
24 years$1,906$1,470$1,121$846$633$347
25 years$1,810$1,380$1,038$772$569$303
26 years$1,722$1,297$963$706$513$264
27 years$1,640$1,220$894$646$462$231
28 years$1,565$1,150$831$592$417$202
29 years$1,494$1,085$773$543$377$176
30 years$1,429$1,024$720$498$340$154
31 years$1,368$968$672$458$308$135
32 years$1,311$916$627$421$278$118
33 years$1,257$868$585$387$252$103
34 years$1,207$822$547$356$228$91
35 years$1,160$780$511$328$207$79
36 years$1,115$740$478$302$187$70
37 years$1,073$703$447$278$170$61
38 years$1,033$668$419$256$154$53
39 years$995$635$393$236$139$47
40 years$960$605$368$218$126$41
41 years$926$576$345$201$115$36
42 years$894$548$324$186$104$32
43 years$863$522$304$171$94$28
44 years$834$498$285$158$86$24
45 years$806$475$268$146$78$21
46 years$780$453$251$135$71$19
47 years$755$432$236$125$64$16
48 years$731$413$222$115$58$14
49 years$707$394$209$106$53$13
50 years$685$376$196$98$48$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $702,000, adding $6,395 every year, while hoping to spend $50,224 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: 64/22/14 Blend
39$702,000$702,000$702,000$702,000
40$780,200$742,994$732,113$827,125
41$806,343$725,963$703,201$842,297
42$833,469$706,414$671,637$852,485
43$861,625$684,171$637,280$862,379
44$890,862$659,047$599,980$871,949
45$921,234$630,844$559,583$881,165
46$952,798$599,354$515,928$889,997
47$985,616$564,355$468,844$898,412
48$1,019,754$525,613$418,155$906,378
49$1,055,283$482,882$363,677$913,860
50$1,092,278$435,900$305,217$920,825
51$1,130,822$384,390$242,573$927,238
52$1,171,001$328,061$175,535$933,061
53$1,212,912$266,604$103,883$938,261
54$1,256,655$199,693$27,389$942,799
55$1,302,340$126,985$0$946,641
56$1,350,087$48,115$0$957,852
57$1,400,023$0$0$973,188
58$1,452,288$0$0$997,587
59$1,507,033$0$0$1,035,356
60$1,564,419$0$0$1,074,963
61$1,624,625$0$0$1,116,531
62$1,687,841$0$0$1,160,193
63$1,754,277$0$0$1,206,098
64$1,824,160$0$0$1,254,403
65$1,897,735$0$0$1,305,281
66$1,975,271$0$0$1,358,922
67$2,057,061$0$0$1,415,529
68$2,143,423$0$0$1,475,328
69$2,234,705$0$0$1,538,561
70$2,331,287$0$0$1,605,496
71$2,433,582$0$0$1,676,423
72$2,542,043$0$0$1,751,661
73$2,657,165$0$0$1,831,556
74$2,779,487$0$0$1,916,490
75$2,909,603$0$0$2,006,877
76$3,048,158$0$0$2,103,173
77$3,195,862$0$0$2,205,877
78$3,353,490$0$0$2,315,534
79$3,521,894$0$0$2,432,743
80$3,702,005$0$0$2,558,159
81$3,894,845$0$0$2,692,502
82$4,101,534$0$0$2,836,561
83$4,323,302$0$0$2,991,200
84$4,561,498$0$0$3,157,370
85$4,817,603$0$0$3,336,113
86$5,093,241$0$0$3,528,573
87$5,390,198$0$0$3,736,008
88$5,710,435$0$0$3,959,798
89$6,056,104$0$0$4,201,460
90$6,429,572$0$0$4,462,662
91$6,833,440$0$0$4,745,234
92$7,270,566$0$0$5,051,192
93$7,744,093$0$0$5,382,748
94$8,257,475$0$0$5,742,338
95$8,814,512$0$0$6,132,638
96$9,419,382$0$0$6,556,592
97$10,076,682$0$0$7,017,441
98$10,791,466$0$0$7,518,747
99$11,569,298$0$0$8,064,430
100$12,416,297$0$0$8,658,804