Can I retire at age 40 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$60,448$59,909$59,384$58,871$58,371$57,979
2 years$29,925$29,367$28,827$28,304$27,796$27,400
3 years$19,752$19,192$18,653$18,134$17,635$17,248
4 years$14,666$14,108$13,575$13,065$12,577$12,202
5 years$11,616$11,061$10,535$10,035$9,561$9,199
6 years$9,583$9,032$8,513$8,025$7,565$7,217
7 years$8,131$7,585$7,075$6,598$6,153$5,818
8 years$7,043$6,502$6,000$5,535$5,104$4,783
9 years$6,197$5,661$5,168$4,714$4,298$3,991
10 years$5,520$4,990$4,505$4,064$3,662$3,368
11 years$4,967$4,442$3,966$3,537$3,150$2,869
12 years$4,507$3,987$3,520$3,102$2,730$2,462
13 years$4,118$3,603$3,145$2,739$2,380$2,125
14 years$3,784$3,275$2,826$2,431$2,087$1,843
15 years$3,495$2,992$2,551$2,168$1,837$1,606
16 years$3,243$2,745$2,313$1,941$1,624$1,404
17 years$3,021$2,528$2,105$1,744$1,440$1,232
18 years$2,823$2,336$1,921$1,572$1,280$1,083
19 years$2,647$2,165$1,759$1,420$1,141$954
20 years$2,488$2,012$1,614$1,286$1,019$843
21 years$2,344$1,874$1,485$1,168$912$745
22 years$2,214$1,749$1,369$1,062$817$660
23 years$2,096$1,636$1,264$967$734$586
24 years$1,987$1,533$1,169$882$660$520
25 years$1,887$1,439$1,082$805$594$462
26 years$1,795$1,352$1,004$736$535$411
27 years$1,710$1,272$932$674$482$366
28 years$1,631$1,199$867$617$435$326
29 years$1,558$1,131$806$566$393$291
30 years$1,490$1,068$751$520$355$260
31 years$1,426$1,010$700$477$321$232
32 years$1,367$955$653$439$290$207
33 years$1,311$905$610$403$263$185
34 years$1,258$858$570$371$238$165
35 years$1,209$813$533$342$215$148
36 years$1,163$772$499$315$195$132
37 years$1,119$733$467$290$177$118
38 years$1,077$697$437$267$160$105
39 years$1,038$663$409$246$145$94
40 years$1,001$630$384$227$132$84
41 years$965$600$360$210$120$76
42 years$932$572$338$194$109$68
43 years$900$545$317$179$99$61
44 years$870$519$297$165$89$54
45 years$841$495$279$152$81$49
46 years$813$472$262$141$74$43
47 years$787$451$246$130$67$39
48 years$762$430$231$120$61$35
49 years$738$411$218$111$55$31
50 years$715$392$205$103$50$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $732,000, adding $5,805 every year, while hoping to spend $54,815 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: 64/16/20 Blend
39$732,000$732,000$732,000$732,000
40$812,652$773,856$762,510$860,164
41$837,220$753,452$729,731$872,424
42$862,456$730,211$694,017$879,087
43$888,372$703,937$655,212$885,085
44$914,976$674,420$613,152$890,357
45$942,278$641,441$567,666$894,836
46$970,284$604,765$518,578$898,452
47$999,002$564,148$465,699$901,130
48$1,028,436$519,327$408,836$902,790
49$1,058,590$470,027$347,785$903,345
50$1,089,465$415,957$282,335$902,705
51$1,121,060$356,810$212,263$900,771
52$1,153,374$292,258$137,339$897,440
53$1,186,398$221,960$57,320$892,599
54$1,220,126$145,551$0$886,130
55$1,254,545$62,649$0$883,897
56$1,289,639$0$0$893,216
57$1,325,386$0$0$906,535
58$1,361,762$0$0$931,302
59$1,398,736$0$0$956,461
60$1,436,271$0$0$981,987
61$1,474,322$0$0$1,007,848
62$1,512,839$0$0$1,034,006
63$1,551,760$0$0$1,060,418
64$1,591,017$0$0$1,087,034
65$1,630,529$0$0$1,113,796
66$1,670,204$0$0$1,140,638
67$1,709,936$0$0$1,167,485
68$1,749,606$0$0$1,194,251
69$1,789,078$0$0$1,220,838
70$1,828,198$0$0$1,247,139
71$1,866,793$0$0$1,273,028
72$1,904,665$0$0$1,298,366
73$1,941,596$0$0$1,322,996
74$1,977,337$0$0$1,346,743
75$2,011,612$0$0$1,369,409
76$2,044,109$0$0$1,390,774
77$2,074,480$0$0$1,410,592
78$2,102,339$0$0$1,428,586
79$2,127,252$0$0$1,444,451
80$2,148,735$0$0$1,457,844
81$2,166,252$0$0$1,468,383
82$2,179,204$0$0$1,475,645
83$2,186,924$0$0$1,479,159
84$2,188,673$0$0$1,478,401
85$2,183,629$0$0$1,472,789
86$2,170,880$0$0$1,461,678
87$2,149,413$0$0$1,444,351
88$2,118,104$0$0$1,420,015
89$2,075,710$0$0$1,387,789
90$2,020,851$0$0$1,346,699
91$1,951,999$0$0$1,295,664
92$1,867,462$0$0$1,233,489
93$1,765,367$0$0$1,158,850
94$1,643,643$0$0$1,070,284
95$1,499,997$0$0$966,172
96$1,331,892$0$0$844,721
97$1,136,526$0$0$703,953
98$910,800$0$0$541,677
99$651,287$0$0$355,477
100$354,204$0$0$142,677