Can I retire at age 40 with 717,000?

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 $717,000?

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%
1 years$59,209$58,682$58,167$57,665$57,175$56,204
2 years$29,311$28,766$28,237$27,724$27,226$26,251
3 years$19,347$18,799$18,271$17,763$17,273$16,325
4 years$14,366$13,819$13,297$12,797$12,319$11,404
5 years$11,378$10,834$10,319$9,829$9,365$8,486
6 years$9,386$8,847$8,339$7,861$7,410$6,568
7 years$7,964$7,430$6,930$6,463$6,027$5,222
8 years$6,898$6,369$5,877$5,421$5,000$4,232
9 years$6,070$5,545$5,062$4,618$4,210$3,479
10 years$5,407$4,888$4,413$3,981$3,587$2,892
11 years$4,866$4,351$3,885$3,464$3,085$2,426
12 years$4,415$3,905$3,448$3,039$2,674$2,048
13 years$4,033$3,529$3,081$2,683$2,331$1,740
14 years$3,707$3,208$2,768$2,381$2,044$1,484
15 years$3,424$2,931$2,499$2,124$1,800$1,272
16 years$3,177$2,689$2,266$1,902$1,590$1,093
17 years$2,959$2,476$2,062$1,709$1,410$942
18 years$2,765$2,288$1,882$1,540$1,254$813
19 years$2,592$2,121$1,723$1,391$1,118$704
20 years$2,437$1,971$1,581$1,260$998$610
21 years$2,296$1,836$1,454$1,144$893$530
22 years$2,169$1,713$1,340$1,040$801$461
23 years$2,053$1,603$1,238$947$719$401
24 years$1,946$1,501$1,145$864$646$349
25 years$1,849$1,409$1,060$789$581$304
26 years$1,758$1,324$983$721$524$265
27 years$1,675$1,246$913$660$472$232
28 years$1,598$1,174$849$605$426$202
29 years$1,526$1,108$790$555$385$177
30 years$1,460$1,046$736$509$348$154
31 years$1,397$989$686$468$314$135
32 years$1,339$936$640$430$284$118
33 years$1,284$886$598$395$257$103
34 years$1,233$840$558$364$233$90
35 years$1,184$797$522$335$211$79
36 years$1,139$756$488$308$191$69
37 years$1,096$718$457$284$173$61
38 years$1,055$683$428$262$157$53
39 years$1,017$649$401$241$142$46
40 years$980$618$376$223$129$41
41 years$946$588$352$205$117$36
42 years$913$560$331$190$106$31
43 years$882$533$310$175$97$27
44 years$852$508$291$162$88$24
45 years$824$485$273$149$80$21
46 years$797$463$257$138$72$18
47 years$771$441$241$127$66$16
48 years$746$421$227$118$60$14
49 years$723$402$213$109$54$12
50 years$700$384$200$101$49$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $717,000, adding $5,206 every year, while hoping to spend $51,638 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: 67/6/27 Blend
39$717,000$717,000$717,000$717,000
40$795,504$757,503$746,389$842,875
41$821,703$739,678$716,451$857,587
42$848,844$719,249$683,779$867,362
43$876,967$696,034$648,227$876,889
44$906,118$669,840$609,643$886,145
45$936,343$640,463$567,867$895,107
46$967,692$607,687$522,732$903,753
47$1,000,217$571,285$474,064$912,058
48$1,033,975$531,013$421,681$919,998
49$1,069,026$486,619$365,393$927,549
50$1,105,434$437,830$305,001$934,686
51$1,143,267$384,364$240,298$941,384
52$1,182,600$325,917$171,068$947,618
53$1,223,511$262,172$97,084$953,362
54$1,266,083$192,793$18,111$958,593
55$1,310,408$117,424$0$963,285
56$1,356,582$35,690$0$986,479
57$1,404,710$0$0$1,015,897
58$1,454,904$0$0$1,049,857
59$1,507,286$0$0$1,087,765
60$1,561,986$0$0$1,127,361
61$1,619,146$0$0$1,168,748
62$1,678,918$0$0$1,212,038
63$1,741,467$0$0$1,257,352
64$1,806,973$0$0$1,304,822
65$1,875,627$0$0$1,354,588
66$1,947,642$0$0$1,406,806
67$2,023,244$0$0$1,461,643
68$2,102,681$0$0$1,519,280
69$2,186,222$0$0$1,579,916
70$2,274,161$0$0$1,643,765
71$2,366,814$0$0$1,711,061
72$2,464,530$0$0$1,782,061
73$2,567,686$0$0$1,857,041
74$2,676,696$0$0$1,936,305
75$2,792,008$0$0$2,020,184
76$2,914,114$0$0$2,109,040
77$3,043,550$0$0$2,203,267
78$3,180,903$0$0$2,303,298
79$3,326,814$0$0$2,409,603
80$3,481,984$0$0$2,522,699
81$3,647,179$0$0$2,643,152
82$3,823,241$0$0$2,771,580
83$4,011,089$0$0$2,908,660
84$4,211,730$0$0$3,055,135
85$4,426,269$0$0$3,211,820
86$4,655,917$0$0$3,379,606
87$4,902,002$0$0$3,559,471
88$5,165,979$0$0$3,752,490
89$5,449,447$0$0$3,959,840
90$5,754,159$0$0$4,182,815
91$6,082,042$0$0$4,422,834
92$6,435,209$0$0$4,681,456
93$6,815,982$0$0$4,960,394
94$7,226,912$0$0$5,261,528
95$7,670,801$0$0$5,586,926
96$8,150,730$0$0$5,938,859
97$8,670,082$0$0$6,319,825
98$9,232,580$0$0$6,732,568
99$9,842,315$0$0$7,180,106
100$10,503,784$0$0$7,665,760