Can I retire at age 40 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$58,961$58,436$57,924$57,424$56,935$56,271
2 years$29,189$28,645$28,118$27,608$27,112$26,443
3 years$19,266$18,720$18,194$17,688$17,201$16,548
4 years$14,305$13,761$13,241$12,744$12,268$11,637
5 years$11,330$10,789$10,275$9,788$9,326$8,718
6 years$9,347$8,810$8,304$7,828$7,379$6,795
7 years$7,931$7,399$6,901$6,436$6,001$5,442
8 years$6,870$6,342$5,852$5,399$4,979$4,443
9 years$6,044$5,522$5,041$4,598$4,193$3,681
10 years$5,385$4,867$4,395$3,964$3,572$3,085
11 years$4,845$4,333$3,869$3,450$3,072$2,608
12 years$4,396$3,889$3,434$3,026$2,662$2,221
13 years$4,016$3,515$3,068$2,671$2,322$1,902
14 years$3,691$3,195$2,756$2,371$2,035$1,637
15 years$3,409$2,918$2,489$2,115$1,792$1,415
16 years$3,163$2,678$2,256$1,894$1,584$1,227
17 years$2,946$2,466$2,053$1,701$1,404$1,067
18 years$2,754$2,279$1,874$1,533$1,249$930
19 years$2,581$2,112$1,716$1,385$1,113$813
20 years$2,427$1,962$1,575$1,255$994$712
21 years$2,287$1,828$1,448$1,139$890$624
22 years$2,160$1,706$1,335$1,035$797$548
23 years$2,044$1,596$1,233$943$716$481
24 years$1,938$1,495$1,140$860$643$424
25 years$1,841$1,403$1,056$785$579$373
26 years$1,751$1,319$979$718$521$329
27 years$1,668$1,241$909$657$470$290
28 years$1,591$1,169$845$602$424$256
29 years$1,520$1,103$787$552$383$226
30 years$1,453$1,042$733$507$346$200
31 years$1,391$985$683$466$313$176
32 years$1,333$932$637$428$283$156
33 years$1,279$883$595$393$256$138
34 years$1,227$837$556$362$232$122
35 years$1,179$793$520$333$210$108
36 years$1,134$753$486$307$190$96
37 years$1,091$715$455$283$173$85
38 years$1,051$680$426$261$156$75
39 years$1,012$646$399$240$142$66
40 years$976$615$374$222$129$59
41 years$942$585$351$205$117$52
42 years$909$557$329$189$106$46
43 years$878$531$309$174$96$41
44 years$848$506$290$161$87$36
45 years$820$483$272$149$79$32
46 years$793$461$256$137$72$28
47 years$768$440$240$127$65$25
48 years$743$420$226$117$59$22
49 years$720$401$212$108$54$20
50 years$697$383$200$100$49$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $714,000, adding $5,207 every year, while hoping to spend $44,867 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: 57/36/7 Blend
39$714,000$714,000$714,000$714,000
40$792,199$754,357$743,290$835,841
41$825,265$743,582$720,452$855,039
42$860,200$730,776$695,345$870,448
43$897,148$715,791$667,846$886,129
44$936,264$698,472$637,826$902,112
45$977,719$678,654$605,150$918,433
46$1,021,701$656,162$569,677$935,133
47$1,068,413$630,812$531,259$952,259
48$1,118,078$602,409$489,743$969,867
49$1,170,940$570,745$444,968$988,022
50$1,227,268$535,603$396,766$1,006,796
51$1,287,353$496,751$344,961$1,026,273
52$1,351,515$453,945$289,371$1,046,549
53$1,420,108$406,926$229,802$1,067,734
54$1,493,515$355,422$166,057$1,089,953
55$1,572,159$299,143$97,925$1,113,346
56$1,656,503$237,785$25,190$1,138,074
57$1,747,056$171,026$0$1,164,319
58$1,844,376$98,526$0$1,196,201
59$1,949,074$19,926$0$1,232,299
60$2,061,824$0$0$1,271,007
61$2,183,363$0$0$1,338,449
62$2,314,503$0$0$1,419,783
63$2,456,135$0$0$1,507,676
64$2,609,239$0$0$1,602,740
65$2,774,891$0$0$1,705,651
66$2,954,273$0$0$1,817,151
67$3,148,687$0$0$1,938,056
68$3,359,564$0$0$2,069,264
69$3,588,475$0$0$2,211,761
70$3,837,152$0$0$2,366,632
71$4,107,498$0$0$2,535,073
72$4,401,606$0$0$2,718,396
73$4,721,781$0$0$2,918,048
74$5,070,556$0$0$3,135,619
75$5,450,721$0$0$3,372,860
76$5,865,347$0$0$3,631,698
77$6,317,812$0$0$3,914,253
78$6,811,836$0$0$4,222,862
79$7,351,513$0$0$4,560,093
80$7,941,351$0$0$4,928,776
81$8,586,312$0$0$5,332,028
82$9,291,859$0$0$5,773,277
83$10,064,009$0$0$6,256,300
84$10,909,386$0$0$6,785,258
85$11,835,285$0$0$7,364,731
86$12,849,740$0$0$7,999,762
87$13,961,598$0$0$8,695,907
88$15,180,603$0$0$9,459,284
89$16,517,486$0$0$10,296,631
90$17,984,068$0$0$11,215,372
91$19,593,368$0$0$12,223,682
92$21,359,727$0$0$13,330,566
93$23,298,942$0$0$14,545,945
94$25,428,412$0$0$15,880,745
95$27,767,307$0$0$17,347,005
96$30,336,744$0$0$18,957,987
97$33,159,983$0$0$20,728,298
98$36,262,654$0$0$22,674,033
99$39,672,987$0$0$24,812,925
100$43,422,089$0$0$27,164,506