Can I retire at age 40 with 711,000?

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 $711,000?

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$58,714$58,191$57,680$57,182$56,696$55,757
2 years$29,066$28,525$28,000$27,492$26,998$26,055
3 years$19,185$18,641$18,118$17,614$17,129$16,210
4 years$14,245$13,703$13,185$12,690$12,216$11,330
5 years$11,282$10,744$10,232$9,747$9,287$8,435
6 years$9,308$8,773$8,269$7,795$7,348$6,532
7 years$7,898$7,368$6,872$6,409$5,976$5,196
8 years$6,841$6,315$5,828$5,376$4,958$4,214
9 years$6,019$5,499$5,019$4,579$4,175$3,466
10 years$5,362$4,847$4,376$3,947$3,557$2,883
11 years$4,825$4,315$3,853$3,435$3,060$2,420
12 years$4,378$3,873$3,419$3,013$2,651$2,045
13 years$3,999$3,500$3,055$2,660$2,312$1,738
14 years$3,676$3,181$2,745$2,361$2,027$1,484
15 years$3,395$2,906$2,478$2,106$1,784$1,272
16 years$3,150$2,666$2,247$1,886$1,577$1,094
17 years$2,934$2,456$2,044$1,694$1,398$943
18 years$2,742$2,269$1,866$1,527$1,243$815
19 years$2,571$2,103$1,709$1,380$1,108$706
20 years$2,416$1,954$1,568$1,250$990$613
21 years$2,277$1,820$1,442$1,134$886$532
22 years$2,151$1,699$1,329$1,031$794$463
23 years$2,035$1,589$1,227$939$713$403
24 years$1,930$1,489$1,135$856$641$351
25 years$1,833$1,397$1,051$782$576$307
26 years$1,744$1,313$975$715$519$268
27 years$1,661$1,236$905$655$468$234
28 years$1,585$1,165$842$600$422$204
29 years$1,514$1,099$783$550$381$179
30 years$1,447$1,038$730$505$345$156
31 years$1,385$981$680$464$312$137
32 years$1,328$928$635$426$282$120
33 years$1,273$879$593$392$255$105
34 years$1,222$833$554$360$231$92
35 years$1,174$790$518$332$209$80
36 years$1,129$750$484$306$190$70
37 years$1,087$712$453$282$172$62
38 years$1,046$677$424$260$156$54
39 years$1,008$644$398$239$141$47
40 years$972$612$373$221$128$42
41 years$938$583$349$204$116$36
42 years$905$555$328$188$105$32
43 years$874$529$308$173$96$28
44 years$845$504$289$160$87$25
45 years$817$481$271$148$79$22
46 years$790$459$255$137$72$19
47 years$764$438$239$126$65$17
48 years$740$418$225$117$59$15
49 years$717$399$211$108$54$13
50 years$694$381$199$100$49$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $711,000, adding $3,379 every year, while hoping to spend $42,040 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: 69/17/14 Blend
39$711,000$711,000$711,000$711,000
40$787,007$749,324$738,304$838,586
41$822,552$741,311$718,307$865,312
42$860,313$731,496$696,231$889,198
43$900,472$719,747$671,962$914,249
44$943,229$705,923$645,381$940,574
45$988,800$689,875$616,363$968,294
46$1,037,424$671,445$584,778$997,543
47$1,089,363$650,467$550,489$1,028,471
48$1,144,902$626,764$513,355$1,061,244
49$1,204,356$600,149$473,226$1,096,045
50$1,268,068$570,425$429,947$1,133,078
51$1,336,416$537,380$383,355$1,172,569
52$1,409,814$500,796$333,281$1,214,771
53$1,488,717$460,437$279,548$1,259,960
54$1,573,623$416,056$221,971$1,308,447
55$1,665,082$367,391$160,355$1,360,573
56$1,763,694$314,167$94,501$1,416,717
57$1,870,121$256,092$24,197$1,477,300
58$1,985,089$192,856$0$1,542,788
59$2,109,397$124,135$0$1,621,289
60$2,243,922$49,584$0$1,710,134
61$2,389,628$0$0$1,806,371
62$2,547,577$0$0$1,916,569
63$2,718,933$0$0$2,046,217
64$2,904,981$0$0$2,187,016
65$3,107,130$0$0$2,340,037
66$3,326,932$0$0$2,506,459
67$3,566,094$0$0$2,687,580
68$3,826,495$0$0$2,884,828
69$4,110,202$0$0$3,099,773
70$4,419,489$0$0$3,334,144
71$4,756,860$0$0$3,589,844
72$5,125,070$0$0$3,868,968
73$5,527,153$0$0$4,173,820
74$5,966,446$0$0$4,506,939
75$6,446,626$0$0$4,871,119
76$6,971,741$0$0$5,269,437
77$7,546,245$0$0$5,705,278
78$8,175,045$0$0$6,182,374
79$8,863,544$0$0$6,704,831
80$9,617,691$0$0$7,277,173
81$10,444,038$0$0$7,904,379
82$11,349,801$0$0$8,591,935
83$12,342,927$0$0$9,345,884
84$13,432,167$0$0$10,172,879
85$14,627,164$0$0$11,080,249
86$15,938,535$0$0$12,076,068
87$17,377,978$0$0$13,169,228
88$18,958,375$0$0$14,369,525
89$20,693,920$0$0$15,687,748
90$22,600,246$0$0$17,135,784
91$24,694,578$0$0$18,726,729
92$26,995,889$0$0$20,475,008
93$29,525,081$0$0$22,396,513
94$32,305,182$0$0$24,508,752
95$35,361,562$0$0$26,831,016
96$38,722,173$0$0$29,384,555
97$42,417,809$0$0$32,192,784
98$46,482,397$0$0$35,281,498
99$50,953,320$0$0$38,679,121
100$55,871,763$0$0$42,416,966