Can I retire at age 40 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$60,613$60,073$59,546$59,032$58,530$57,442
2 years$30,006$29,448$28,906$28,381$27,872$26,780
3 years$19,806$19,244$18,704$18,184$17,683$16,621
4 years$14,706$14,147$13,612$13,100$12,612$11,588
5 years$11,647$11,091$10,563$10,062$9,587$8,604
6 years$9,609$9,057$8,537$8,047$7,586$6,645
7 years$8,153$7,606$7,094$6,616$6,169$5,271
8 years$7,062$6,520$6,016$5,550$5,118$4,262
9 years$6,214$5,676$5,182$4,727$4,310$3,496
10 years$5,536$5,004$4,518$4,075$3,672$2,899
11 years$4,981$4,454$3,977$3,546$3,158$2,425
12 years$4,519$3,998$3,530$3,111$2,737$2,043
13 years$4,129$3,613$3,154$2,746$2,387$1,730
14 years$3,794$3,284$2,834$2,438$2,092$1,472
15 years$3,505$3,000$2,558$2,174$1,842$1,258
16 years$3,252$2,753$2,319$1,947$1,628$1,078
17 years$3,029$2,535$2,111$1,749$1,444$926
18 years$2,831$2,342$1,927$1,576$1,284$798
19 years$2,654$2,171$1,764$1,424$1,144$688
20 years$2,495$2,017$1,619$1,290$1,022$595
21 years$2,351$1,879$1,489$1,171$914$515
22 years$2,220$1,754$1,372$1,064$820$446
23 years$2,101$1,641$1,267$969$736$387
24 years$1,992$1,537$1,172$884$661$336
25 years$1,892$1,442$1,085$807$595$292
26 years$1,800$1,356$1,007$738$536$254
27 years$1,715$1,276$935$676$483$221
28 years$1,636$1,202$869$619$436$192
29 years$1,563$1,134$809$568$394$167
30 years$1,494$1,071$753$521$356$146
31 years$1,430$1,013$702$479$322$127
32 years$1,370$958$655$440$291$111
33 years$1,314$907$612$404$263$97
34 years$1,262$860$572$372$238$84
35 years$1,212$816$534$343$216$73
36 years$1,166$774$500$316$196$64
37 years$1,122$735$468$291$177$56
38 years$1,080$699$438$268$161$49
39 years$1,041$664$410$247$146$43
40 years$1,003$632$385$228$132$37
41 years$968$602$361$210$120$32
42 years$934$573$338$194$109$28
43 years$903$546$318$179$99$25
44 years$872$521$298$165$90$22
45 years$843$496$280$153$81$19
46 years$815$473$263$141$74$16
47 years$789$452$247$130$67$14
48 years$764$431$232$120$61$13
49 years$740$412$218$111$55$11
50 years$717$393$205$103$50$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $734,000, adding $5,260 every year, while hoping to spend $52,108 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: 76/18/6 Blend
39$734,000$734,000$734,000$734,000
40$814,294$775,392$764,015$875,294
41$841,909$757,943$734,167$898,655
42$870,595$737,894$701,572$917,027
43$900,405$715,060$666,085$935,641
44$931,398$689,249$627,550$954,499
45$963,635$660,257$585,807$973,605
46$997,184$627,867$540,690$992,963
47$1,032,114$591,851$492,021$1,012,580
48$1,068,505$551,966$439,618$1,032,463
49$1,106,437$507,957$383,290$1,052,621
50$1,146,000$459,554$322,837$1,073,065
51$1,187,289$406,470$258,049$1,093,809
52$1,230,409$348,403$188,710$1,114,869
53$1,275,471$285,034$114,592$1,136,265
54$1,322,594$216,027$35,456$1,158,019
55$1,371,911$141,024$0$1,180,158
56$1,423,562$59,650$0$1,205,850
57$1,477,701$0$0$1,234,623
58$1,534,493$0$0$1,269,906
59$1,594,119$0$0$1,319,363
60$1,656,775$0$0$1,371,343
61$1,722,673$0$0$1,426,023
62$1,792,046$0$0$1,483,596
63$1,865,145$0$0$1,544,274
64$1,942,245$0$0$1,608,285
65$2,023,645$0$0$1,675,880
66$2,109,671$0$0$1,747,331
67$2,200,680$0$0$1,822,937
68$2,297,060$0$0$1,903,022
69$2,399,236$0$0$1,987,941
70$2,507,673$0$0$2,078,082
71$2,622,876$0$0$2,173,870
72$2,745,403$0$0$2,275,769
73$2,875,859$0$0$2,384,287
74$3,014,910$0$0$2,499,979
75$3,163,285$0$0$2,623,456
76$3,321,780$0$0$2,755,385
77$3,491,272$0$0$2,896,497
78$3,672,717$0$0$3,047,594
79$3,867,168$0$0$3,209,557
80$4,075,777$0$0$3,383,349
81$4,299,811$0$0$3,570,031
82$4,540,657$0$0$3,770,764
83$4,799,842$0$0$3,986,824
84$5,079,038$0$0$4,219,612
85$5,380,085$0$0$4,470,669
86$5,705,003$0$0$4,741,683
87$6,056,012$0$0$5,034,514
88$6,435,550$0$0$5,351,203
89$6,846,298$0$0$5,693,994
90$7,291,204$0$0$6,065,354
91$7,773,507$0$0$6,467,995
92$8,296,771$0$0$6,904,902
93$8,864,915$0$0$7,379,354
94$9,482,249$0$0$7,894,959
95$10,153,513$0$0$8,455,689
96$10,883,925$0$0$9,065,909
97$11,679,224$0$0$9,730,425
98$12,545,725$0$0$10,454,525
99$13,490,378$0$0$11,244,029
100$14,520,833$0$0$12,105,341