Can I retire at age 40 with 713,000?

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 $713,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$58,879$58,354$57,843$57,343$56,856$55,504
2 years$29,148$28,605$28,079$27,569$27,074$25,720
3 years$19,239$18,694$18,169$17,664$17,177$15,863
4 years$14,285$13,742$13,222$12,726$12,251$10,987
5 years$11,314$10,774$10,261$9,775$9,313$8,103
6 years$9,334$8,798$8,292$7,817$7,369$6,214
7 years$7,920$7,388$6,891$6,427$5,993$4,893
8 years$6,860$6,333$5,844$5,391$4,972$3,926
9 years$6,036$5,514$5,034$4,592$4,187$3,195
10 years$5,377$4,860$4,388$3,958$3,567$2,629
11 years$4,839$4,327$3,863$3,445$3,068$2,181
12 years$4,390$3,884$3,429$3,022$2,659$1,822
13 years$4,011$3,510$3,063$2,668$2,318$1,530
14 years$3,686$3,190$2,752$2,368$2,032$1,290
15 years$3,405$2,914$2,485$2,112$1,789$1,092
16 years$3,159$2,674$2,253$1,891$1,582$927
17 years$2,942$2,462$2,050$1,699$1,402$790
18 years$2,750$2,275$1,872$1,531$1,247$674
19 years$2,578$2,109$1,713$1,384$1,111$576
20 years$2,423$1,960$1,572$1,253$993$493
21 years$2,284$1,825$1,446$1,137$888$422
22 years$2,157$1,704$1,333$1,034$796$362
23 years$2,041$1,594$1,231$942$715$311
24 years$1,935$1,493$1,138$859$642$267
25 years$1,838$1,401$1,054$784$578$230
26 years$1,749$1,317$978$717$521$198
27 years$1,666$1,239$908$656$469$170
28 years$1,589$1,168$844$601$424$147
29 years$1,518$1,102$785$552$383$126
30 years$1,451$1,040$732$506$346$109
31 years$1,389$984$682$465$312$94
32 years$1,331$931$636$427$283$81
33 years$1,277$881$594$393$256$70
34 years$1,226$835$555$361$232$60
35 years$1,178$792$519$333$210$52
36 years$1,132$752$486$306$190$45
37 years$1,090$714$454$282$172$39
38 years$1,049$679$426$260$156$33
39 years$1,011$645$399$240$142$29
40 years$975$614$374$221$128$25
41 years$940$585$350$204$117$21
42 years$908$557$329$188$106$19
43 years$877$530$308$174$96$16
44 years$847$506$290$161$87$14
45 years$819$482$272$148$79$12
46 years$792$460$255$137$72$10
47 years$766$439$240$127$65$9
48 years$742$419$225$117$59$8
49 years$719$400$212$108$54$7
50 years$696$382$199$100$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $713,000, adding $6,129 every year, while hoping to spend $35,617 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: 86/6/8 Blend
39$713,000$713,000$713,000$713,000
40$792,048$754,259$743,208$858,971
41$834,941$753,322$730,209$902,615
42$881,015$751,144$715,581$945,045
43$930,557$747,629$699,232$990,539
44$983,882$742,672$681,064$1,039,381
45$1,041,337$736,161$660,979$1,091,884
46$1,103,300$727,980$638,868$1,148,391
47$1,170,190$718,004$614,624$1,209,281
48$1,242,465$706,101$588,129$1,274,972
49$1,320,628$692,133$559,263$1,345,922
50$1,405,234$675,949$527,901$1,422,636
51$1,496,892$657,395$493,909$1,505,671
52$1,596,272$636,303$457,152$1,595,640
53$1,704,109$612,500$417,483$1,693,218
54$1,821,213$585,797$374,754$1,799,149
55$1,948,476$556,000$328,807$1,914,250
56$2,086,876$522,900$279,478$2,039,425
57$2,237,493$486,277$226,596$2,175,668
58$2,401,511$445,899$169,981$2,324,072
59$2,580,237$401,520$109,448$2,485,845
60$2,775,107$352,881$44,800$2,662,315
61$2,987,702$299,706$0$2,854,948
62$3,219,762$241,705$0$3,067,420
63$3,473,202$178,574$0$3,303,662
64$3,750,132$109,987$0$3,561,822
65$4,052,872$35,603$0$3,844,079
66$4,383,979$0$0$4,152,833
67$4,746,266$0$0$4,493,694
68$5,142,834$0$0$4,869,389
69$5,577,093$0$0$5,280,801
70$6,052,802$0$0$5,731,491
71$6,574,099$0$0$6,225,382
72$7,145,541$0$0$6,766,791
73$7,772,149$0$0$7,360,476
74$8,459,450$0$0$8,011,676
75$9,213,534$0$0$8,726,163
76$10,041,107$0$0$9,510,292
77$10,949,559$0$0$10,371,065
78$11,947,027$0$0$11,316,195
79$13,042,476$0$0$12,354,177
80$14,245,781$0$0$13,494,371
81$15,567,823$0$0$14,747,087
82$17,020,585$0$0$16,123,683
83$18,617,272$0$0$17,636,672
84$20,372,429$0$0$19,299,840
85$22,302,082$0$0$21,128,374
86$24,423,887$0$0$23,139,007
87$26,757,297$0$0$25,350,175
88$29,323,743$0$0$27,782,187
89$32,146,839$0$0$30,457,423
90$35,252,600$0$0$33,400,539
91$38,669,693$0$0$36,638,701
92$42,429,701$0$0$40,201,841
93$46,567,425$0$0$44,122,941
94$51,121,208$0$0$48,438,339
95$56,133,300$0$0$53,188,076
96$61,650,253$0$0$58,416,270
97$67,723,364$0$0$64,171,535
98$74,409,153$0$0$70,507,436
99$81,769,899$0$0$77,482,997
100$89,874,228$0$0$85,163,255