Can I retire at age 40 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$59,044$58,518$58,005$57,504$57,015$56,608
2 years$29,230$28,685$28,158$27,646$27,150$26,740
3 years$19,293$18,746$18,220$17,713$17,225$16,824
4 years$14,325$13,780$13,259$12,761$12,285$11,897
5 years$11,346$10,804$10,290$9,802$9,339$8,964
6 years$9,360$8,822$8,316$7,839$7,390$7,029
7 years$7,942$7,409$6,910$6,445$6,010$5,663
8 years$6,879$6,351$5,861$5,406$4,986$4,653
9 years$6,053$5,530$5,048$4,605$4,199$3,880
10 years$5,392$4,874$4,401$3,969$3,577$3,273
11 years$4,852$4,339$3,874$3,455$3,077$2,786
12 years$4,402$3,895$3,438$3,030$2,666$2,389
13 years$4,022$3,519$3,072$2,675$2,325$2,061
14 years$3,696$3,199$2,760$2,375$2,038$1,787
15 years$3,414$2,922$2,492$2,118$1,794$1,556
16 years$3,168$2,681$2,259$1,896$1,586$1,359
17 years$2,950$2,469$2,056$1,704$1,406$1,191
18 years$2,757$2,282$1,877$1,535$1,250$1,047
19 years$2,585$2,115$1,718$1,387$1,114$922
20 years$2,430$1,965$1,577$1,257$995$813
21 years$2,290$1,830$1,450$1,140$891$719
22 years$2,163$1,709$1,337$1,037$799$636
23 years$2,047$1,598$1,234$944$717$564
24 years$1,941$1,497$1,141$861$644$501
25 years$1,843$1,405$1,057$787$580$445
26 years$1,754$1,321$981$719$522$395
27 years$1,671$1,243$911$658$471$352
28 years$1,594$1,171$846$603$425$313
29 years$1,522$1,105$788$553$384$279
30 years$1,455$1,043$734$508$347$249
31 years$1,393$986$684$466$313$222
32 years$1,335$933$638$428$283$198
33 years$1,280$884$596$394$257$176
34 years$1,229$838$557$363$232$158
35 years$1,181$795$521$334$210$141
36 years$1,136$754$487$307$191$126
37 years$1,093$716$456$283$173$112
38 years$1,052$681$427$261$157$100
39 years$1,014$647$400$241$142$90
40 years$978$616$375$222$129$80
41 years$943$586$351$205$117$72
42 years$910$558$330$189$106$64
43 years$879$532$309$174$96$57
44 years$850$507$290$161$87$51
45 years$821$484$273$149$79$46
46 years$794$461$256$137$72$41
47 years$769$440$241$127$65$37
48 years$744$420$226$117$59$33
49 years$721$401$213$108$54$29
50 years$698$383$200$100$49$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $715,000, adding $5,810 every year, while hoping to spend $40,655 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: 55/36/9 Blend
39$715,000$715,000$715,000$715,000
40$793,923$756,028$744,946$835,534
41$831,647$749,817$726,645$858,131
42$871,855$741,939$706,368$877,745
43$914,760$732,269$684,007$898,125
44$960,591$720,676$659,446$919,352
45$1,009,601$707,019$632,568$941,515
46$1,062,068$691,150$603,246$964,714
47$1,118,295$672,913$571,352$989,061
48$1,178,617$652,141$536,747$1,014,685
49$1,243,398$628,658$499,290$1,041,726
50$1,313,040$602,278$458,832$1,070,345
51$1,387,985$572,804$415,218$1,100,720
52$1,468,716$540,028$368,284$1,133,051
53$1,555,765$503,730$317,862$1,167,561
54$1,649,716$463,675$263,773$1,204,499
55$1,751,211$419,619$205,833$1,244,145
56$1,860,955$371,301$143,849$1,286,810
57$1,979,723$318,445$77,618$1,332,841
58$2,108,367$260,762$6,931$1,382,625
59$2,247,824$197,943$0$1,436,595
60$2,399,125$129,665$0$1,501,809
61$2,563,402$55,585$0$1,573,362
62$2,741,902$0$0$1,651,206
63$2,935,996$0$0$1,745,797
64$3,147,191$0$0$1,872,740
65$3,377,147$0$0$2,011,021
66$3,627,691$0$0$2,161,746
67$3,900,831$0$0$2,326,131
68$4,198,780$0$0$2,505,516
69$4,523,972$0$0$2,701,374
70$4,879,086$0$0$2,915,330
71$5,267,072$0$0$3,149,169
72$5,691,178$0$0$3,404,859
73$6,154,979$0$0$3,684,565
74$6,662,411$0$0$3,990,672
75$7,217,810$0$0$4,325,805
76$7,825,949$0$0$4,692,857
77$8,492,082$0$0$5,095,012
78$9,222,001$0$0$5,535,776
79$10,022,078$0$0$6,019,012
80$10,899,335$0$0$6,548,973
81$11,861,505$0$0$7,130,346
82$12,917,105$0$0$7,768,289
83$14,075,517$0$0$8,468,488
84$15,347,074$0$0$9,237,204
85$16,743,159$0$0$10,081,335
86$18,276,311$0$0$11,008,478
87$19,960,344$0$0$12,027,003
88$21,810,473$0$0$13,146,131
89$23,843,462$0$0$14,376,020
90$26,077,778$0$0$15,727,860
91$28,533,765$0$0$17,213,981
92$31,233,840$0$0$18,847,966
93$34,202,695$0$0$20,644,779
94$37,467,538$0$0$22,620,908
95$41,058,345$0$0$24,794,518
96$45,008,141$0$0$27,185,625
97$49,353,314$0$0$29,816,279
98$54,133,956$0$0$32,710,778
99$59,394,243$0$0$35,895,894
100$65,182,845$0$0$39,401,122