Can I retire at age 40 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$59,127$58,600$58,086$57,585$57,095$56,735
2 years$29,271$28,725$28,197$27,685$27,188$26,825
3 years$19,320$18,772$18,245$17,738$17,249$16,894
4 years$14,346$13,800$13,278$12,779$12,302$11,958
5 years$11,362$10,819$10,304$9,816$9,352$9,020
6 years$9,373$8,835$8,327$7,850$7,400$7,080
7 years$7,953$7,419$6,920$6,454$6,018$5,711
8 years$6,889$6,360$5,869$5,414$4,993$4,698
9 years$6,061$5,537$5,055$4,611$4,204$3,922
10 years$5,400$4,881$4,407$3,975$3,582$3,312
11 years$4,859$4,345$3,880$3,459$3,081$2,823
12 years$4,408$3,900$3,443$3,034$2,670$2,423
13 years$4,028$3,524$3,076$2,679$2,328$2,093
14 years$3,701$3,204$2,764$2,378$2,041$1,817
15 years$3,419$2,927$2,496$2,121$1,797$1,584
16 years$3,172$2,685$2,263$1,899$1,588$1,386
17 years$2,955$2,473$2,059$1,706$1,408$1,217
18 years$2,761$2,285$1,879$1,538$1,252$1,070
19 years$2,589$2,118$1,721$1,389$1,116$944
20 years$2,433$1,968$1,579$1,258$997$834
21 years$2,293$1,833$1,452$1,142$892$738
22 years$2,166$1,711$1,339$1,038$800$655
23 years$2,050$1,600$1,236$946$718$581
24 years$1,944$1,499$1,143$862$645$516
25 years$1,846$1,407$1,059$788$581$459
26 years$1,756$1,322$982$720$523$409
27 years$1,673$1,245$912$659$471$365
28 years$1,596$1,173$848$604$425$325
29 years$1,524$1,106$789$554$384$290
30 years$1,457$1,045$735$508$347$259
31 years$1,395$988$685$467$314$231
32 years$1,337$935$639$429$284$207
33 years$1,282$885$597$395$257$185
34 years$1,231$839$558$363$233$165
35 years$1,183$796$521$334$211$148
36 years$1,137$755$488$308$191$132
37 years$1,094$717$456$284$173$118
38 years$1,054$682$427$261$157$106
39 years$1,015$648$400$241$142$95
40 years$979$617$375$222$129$85
41 years$944$587$352$205$117$76
42 years$912$559$330$189$106$68
43 years$880$533$310$175$96$61
44 years$851$508$291$161$87$55
45 years$822$484$273$149$79$49
46 years$795$462$256$138$72$44
47 years$770$441$241$127$65$39
48 years$745$421$226$117$59$35
49 years$722$402$213$109$54$32
50 years$699$384$200$100$49$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $716,000, adding $3,775 every year, while hoping to spend $43,625 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: 55/37/8 Blend
39$716,000$716,000$716,000$716,000
40$792,926$754,978$743,880$834,826
41$827,388$745,555$722,383$854,149
42$863,902$734,209$698,704$870,031
43$902,634$720,798$672,724$886,269
44$943,759$705,174$644,317$902,902
45$987,476$687,180$613,355$919,978
46$1,033,996$666,650$579,700$937,550
47$1,083,553$643,406$543,210$955,679
48$1,136,404$617,261$503,736$974,437
49$1,192,830$588,019$461,123$993,903
50$1,253,137$555,471$415,209$1,014,170
51$1,317,662$519,394$365,824$1,035,342
52$1,386,775$479,556$312,791$1,057,538
53$1,460,882$435,710$255,925$1,080,892
54$1,540,425$387,593$195,032$1,105,556
55$1,625,894$334,931$129,911$1,131,703
56$1,717,824$277,431$60,351$1,159,527
57$1,816,802$214,785$0$1,189,245
58$1,923,475$146,668$0$1,222,291
59$2,038,551$72,736$0$1,263,329
60$2,162,809$0$0$1,307,534
61$2,297,106$0$0$1,358,279
62$2,442,383$0$0$1,445,260
63$2,599,673$0$0$1,539,489
64$2,770,114$0$0$1,641,654
65$2,954,957$0$0$1,752,512
66$3,155,575$0$0$1,872,894
67$3,373,482$0$0$2,003,717
68$3,610,341$0$0$2,145,987
69$3,867,981$0$0$2,300,812
70$4,148,416$0$0$2,469,411
71$4,453,861$0$0$2,653,126
72$4,786,755$0$0$2,853,432
73$5,149,779$0$0$3,071,955
74$5,545,888$0$0$3,310,483
75$5,978,330$0$0$3,570,984
76$6,450,685$0$0$3,855,625
77$6,966,891$0$0$4,166,792
78$7,531,284$0$0$4,507,111
79$8,148,639$0$0$4,879,476
80$8,824,213$0$0$5,287,070
81$9,563,795$0$0$5,733,400
82$10,373,758$0$0$6,222,327
83$11,261,123$0$0$6,758,105
84$12,233,621$0$0$7,345,417
85$13,299,765$0$0$7,989,421
86$14,468,932$0$0$8,695,799
87$15,751,451$0$0$9,470,809
88$17,158,698$0$0$10,321,343
89$18,703,203$0$0$11,254,993
90$20,398,768$0$0$12,280,123
91$22,260,598$0$0$13,405,946
92$24,305,441$0$0$14,642,610
93$26,551,747$0$0$16,001,295
94$29,019,842$0$0$17,494,318
95$31,732,116$0$0$19,135,247
96$34,713,239$0$0$20,939,032
97$37,990,386$0$0$22,922,140
98$41,593,498$0$0$25,102,715
99$45,555,563$0$0$27,500,749
100$49,912,924$0$0$30,138,265