Can I retire at age 40 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$60,118$59,582$59,060$58,550$58,052$55,726
2 years$29,761$29,207$28,670$28,149$27,644$25,330
3 years$19,644$19,087$18,551$18,035$17,538$15,309
4 years$14,586$14,031$13,501$12,993$12,508$10,381
5 years$11,552$11,000$10,477$9,980$9,509$7,489
6 years$9,530$8,983$8,467$7,981$7,524$5,612
7 years$8,087$7,544$7,036$6,562$6,119$4,315
8 years$7,004$6,466$5,967$5,505$5,076$3,378
9 years$6,163$5,630$5,139$4,689$4,275$2,679
10 years$5,490$4,963$4,481$4,042$3,642$2,147
11 years$4,940$4,418$3,945$3,517$3,133$1,733
12 years$4,482$3,965$3,501$3,085$2,715$1,408
13 years$4,095$3,583$3,128$2,724$2,367$1,149
14 years$3,763$3,257$2,810$2,418$2,075$941
15 years$3,476$2,976$2,537$2,156$1,827$774
16 years$3,225$2,730$2,300$1,931$1,615$637
17 years$3,004$2,514$2,093$1,735$1,432$526
18 years$2,808$2,323$1,911$1,563$1,273$435
19 years$2,632$2,153$1,749$1,413$1,135$360
20 years$2,474$2,001$1,606$1,279$1,014$299
21 years$2,332$1,864$1,477$1,161$907$248
22 years$2,202$1,740$1,361$1,056$813$206
23 years$2,084$1,627$1,257$962$730$171
24 years$1,976$1,525$1,162$877$656$142
25 years$1,877$1,431$1,076$801$590$118
26 years$1,785$1,345$998$732$532$98
27 years$1,701$1,265$927$670$479$82
28 years$1,623$1,192$862$614$433$68
29 years$1,550$1,125$802$563$391$57
30 years$1,482$1,062$747$517$353$47
31 years$1,419$1,004$696$475$319$39
32 years$1,359$950$650$436$289$33
33 years$1,304$900$607$401$261$27
34 years$1,252$853$567$369$236$23
35 years$1,202$809$530$340$214$19
36 years$1,156$768$496$313$194$16
37 years$1,113$729$464$288$176$13
38 years$1,071$693$435$266$159$11
39 years$1,032$659$407$245$145$9
40 years$995$627$382$226$131$8
41 years$960$597$358$209$119$6
42 years$927$568$336$192$108$5
43 years$895$542$315$178$98$4
44 years$865$516$296$164$89$4
45 years$836$492$278$151$81$3
46 years$809$470$261$140$73$3
47 years$783$448$245$129$67$2
48 years$758$428$230$119$60$2
49 years$734$409$216$110$55$1
50 years$711$390$203$102$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $728,000, adding $3,328 every year, while hoping to spend $35,323 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: 35/40/25 Blend
39$728,000$728,000$728,000$728,000
40$805,689$767,105$755,821$827,698
41$850,286$767,110$743,557$844,344
42$898,248$765,931$729,699$858,843
43$949,880$763,473$714,156$873,788
44$1,005,520$759,635$696,832$889,242
45$1,065,536$754,310$677,628$905,277
46$1,130,333$747,383$656,441$921,974
47$1,200,357$738,735$633,162$939,426
48$1,276,097$728,237$607,677$957,741
49$1,358,092$715,753$579,867$977,036
50$1,446,933$701,141$549,608$997,449
51$1,543,271$684,247$516,771$1,019,134
52$1,647,820$664,912$481,219$1,042,262
53$1,761,369$642,964$442,811$1,067,031
54$1,884,782$618,222$401,398$1,093,659
55$2,019,012$590,497$356,827$1,122,395
56$2,165,105$559,585$308,935$1,153,515
57$2,324,215$525,274$257,553$1,187,330
58$2,497,609$487,337$202,505$1,224,191
59$2,686,684$445,535$143,608$1,264,487
60$2,892,975$399,616$80,668$1,308,656
61$3,118,174$349,312$13,486$1,357,186
62$3,364,142$294,343$0$1,410,622
63$3,632,928$234,409$0$1,485,101
64$3,926,788$169,196$0$1,570,624
65$4,248,205$98,372$0$1,664,406
66$4,599,916$21,586$0$1,767,356
67$4,984,929$0$0$1,880,478
68$5,406,563$0$0$2,031,972
69$5,868,468$0$0$2,208,449
70$6,374,667$0$0$2,401,956
71$6,929,587$0$0$2,614,202
72$7,538,107$0$0$2,847,064
73$8,205,600$0$0$3,102,614
74$8,937,984$0$0$3,383,132
75$9,741,776$0$0$3,691,131
76$10,624,157$0$0$4,029,378
77$11,593,035$0$0$4,400,921
78$12,657,123$0$0$4,809,118
79$13,826,018$0$0$5,257,670
80$15,110,294$0$0$5,750,652
81$16,521,597$0$0$6,292,554
82$18,072,760$0$0$6,888,323
83$19,777,919$0$0$7,543,409
84$21,652,649$0$0$8,263,817
85$23,714,109$0$0$9,056,162
86$25,981,204$0$0$9,927,734
87$28,474,763$0$0$10,886,563
88$31,217,734$0$0$11,941,499
89$34,235,403$0$0$13,102,289
90$37,555,628$0$0$14,379,677
91$41,209,105$0$0$15,785,499
92$45,229,654$0$0$17,332,796
93$49,654,542$0$0$19,035,939
94$54,524,829$0$0$20,910,760
95$59,885,760$0$0$22,974,708
96$65,787,187$0$0$25,247,007
97$72,284,042$0$0$27,748,840
98$79,436,852$0$0$30,503,548
99$87,312,314$0$0$33,536,854
100$95,983,919$0$0$36,877,097