Can I retire at age 40 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$59,292$58,764$58,248$57,745$57,254$55,004
2 years$29,352$28,806$28,276$27,762$27,264$25,025
3 years$19,374$18,825$18,296$17,788$17,297$15,139
4 years$14,386$13,838$13,315$12,815$12,337$10,276
5 years$11,393$10,849$10,333$9,843$9,378$7,421
6 years$9,399$8,859$8,351$7,872$7,421$5,567
7 years$7,975$7,440$6,939$6,472$6,035$4,285
8 years$6,908$6,377$5,885$5,429$5,007$3,358
9 years$6,078$5,553$5,069$4,624$4,216$2,667
10 years$5,415$4,894$4,419$3,986$3,592$2,140
11 years$4,872$4,357$3,891$3,469$3,090$1,730
12 years$4,421$3,911$3,453$3,043$2,677$1,407
13 years$4,039$3,534$3,085$2,686$2,335$1,150
14 years$3,712$3,213$2,772$2,385$2,047$944
15 years$3,429$2,935$2,503$2,127$1,802$776
16 years$3,181$2,693$2,269$1,904$1,593$641
17 years$2,963$2,480$2,065$1,711$1,412$530
18 years$2,769$2,291$1,885$1,542$1,256$439
19 years$2,596$2,124$1,725$1,393$1,119$364
20 years$2,440$1,973$1,583$1,262$1,000$302
21 years$2,300$1,838$1,456$1,145$895$251
22 years$2,172$1,716$1,342$1,041$802$209
23 years$2,056$1,605$1,239$948$720$174
24 years$1,949$1,504$1,146$865$647$144
25 years$1,851$1,411$1,062$790$582$120
26 years$1,761$1,326$985$722$524$100
27 years$1,678$1,248$914$661$473$84
28 years$1,600$1,176$850$606$427$70
29 years$1,528$1,109$791$555$385$58
30 years$1,462$1,048$737$510$348$48
31 years$1,399$990$687$468$315$40
32 years$1,341$937$641$430$285$34
33 years$1,286$888$598$396$258$28
34 years$1,234$841$559$364$233$23
35 years$1,186$798$523$335$211$20
36 years$1,140$757$489$309$191$16
37 years$1,097$719$458$284$173$14
38 years$1,057$684$429$262$157$11
39 years$1,018$650$402$242$143$9
40 years$982$618$376$223$129$8
41 years$947$589$353$206$117$7
42 years$914$561$331$190$106$6
43 years$883$534$311$175$97$5
44 years$853$509$292$162$88$4
45 years$825$486$274$149$80$3
46 years$798$463$257$138$72$3
47 years$772$442$242$128$66$2
48 years$747$422$227$118$60$2
49 years$724$403$213$109$54$2
50 years$701$385$201$101$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $718,000, adding $4,413 every year, while hoping to spend $25,124 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: 50/25/25 Blend
39$718,000$718,000$718,000$718,000
40$795,788$757,734$746,605$829,773
41$850,227$768,131$744,885$864,292
42$909,376$778,196$742,264$898,906
43$973,690$787,885$738,688$936,022
44$1,043,668$797,153$734,096$975,888
45$1,119,860$805,951$728,425$1,018,778
46$1,202,870$814,227$721,612$1,064,995
47$1,293,363$821,925$713,587$1,114,872
48$1,392,073$828,986$704,279$1,168,781
49$1,499,805$835,347$693,613$1,227,128
50$1,617,447$840,940$681,510$1,290,366
51$1,745,974$845,695$667,889$1,358,992
52$1,886,464$849,534$652,663$1,433,556
53$2,040,098$852,376$635,743$1,514,668
54$2,208,182$854,137$617,034$1,602,997
55$2,392,150$854,723$596,438$1,699,286
56$2,593,583$854,038$573,852$1,804,354
57$2,814,222$851,979$549,169$1,919,104
58$3,055,982$848,435$522,276$2,044,535
59$3,320,976$843,292$493,056$2,181,750
60$3,611,527$836,425$461,385$2,331,965
61$3,930,196$827,703$427,135$2,496,524
62$4,279,804$816,989$390,172$2,676,910
63$4,663,457$804,134$350,355$2,874,760
64$5,084,576$788,983$307,539$3,091,880
65$5,546,931$771,372$261,570$3,330,265
66$6,054,674$751,125$212,288$3,592,116
67$6,612,379$728,058$159,528$3,879,860
68$7,225,083$701,974$103,113$4,196,179
69$7,898,337$672,667$42,864$4,544,028
70$8,638,257$639,917$0$4,926,672
71$9,451,579$603,493$0$5,353,428
72$10,345,725$563,148$0$5,835,123
73$11,328,871$518,625$0$6,364,749
74$12,410,026$469,648$0$6,947,197
75$13,599,116$415,928$0$7,587,860
76$14,907,076$357,158$0$8,292,682
77$16,345,954$293,016$0$9,068,217
78$17,929,027$223,159$0$9,921,690
79$19,670,920$147,226$0$10,861,064
80$21,587,750$64,836$0$11,895,120
81$23,697,273$0$0$13,033,535
82$26,019,057$0$0$14,293,694
83$28,574,660$0$0$15,700,483
84$31,387,837$0$0$17,249,152
85$34,484,762$0$0$18,954,123
86$37,894,277$0$0$20,831,286
87$41,648,164$0$0$22,898,151
88$45,781,440$0$0$25,174,012
89$50,332,692$0$0$27,680,128
90$55,344,442$0$0$30,439,926
91$60,863,540$0$0$33,479,221
92$66,941,617$0$0$36,826,459
93$73,635,562$0$0$40,512,984
94$81,008,066$0$0$44,573,337
95$89,128,208$0$0$49,045,579
96$98,072,110$0$0$53,971,651
97$107,923,654$0$0$59,397,770
98$118,775,273$0$0$65,374,865
99$130,728,825$0$0$71,959,057
100$143,896,550$0$0$79,212,190