Can I retire at age 40 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$60,861$60,319$59,790$59,274$58,769$58,497
2 years$30,129$29,568$29,024$28,497$27,985$27,711
3 years$19,887$19,323$18,781$18,258$17,755$17,486
4 years$14,766$14,204$13,667$13,154$12,663$12,402
5 years$11,695$11,136$10,606$10,104$9,626$9,374
6 years$9,648$9,094$8,572$8,080$7,617$7,374
7 years$8,187$7,637$7,123$6,643$6,195$5,961
8 years$7,091$6,546$6,041$5,573$5,139$4,915
9 years$6,239$5,700$5,203$4,747$4,328$4,113
10 years$5,558$5,024$4,536$4,092$3,688$3,481
11 years$5,001$4,473$3,994$3,561$3,171$2,974
12 years$4,538$4,014$3,544$3,123$2,748$2,560
13 years$4,146$3,628$3,166$2,758$2,397$2,217
14 years$3,810$3,298$2,845$2,448$2,101$1,930
15 years$3,519$3,012$2,569$2,183$1,850$1,687
16 years$3,265$2,764$2,329$1,955$1,635$1,480
17 years$3,041$2,545$2,119$1,756$1,449$1,302
18 years$2,842$2,352$1,935$1,583$1,289$1,149
19 years$2,665$2,180$1,771$1,430$1,149$1,016
20 years$2,505$2,026$1,625$1,295$1,026$901
21 years$2,360$1,887$1,495$1,176$918$800
22 years$2,229$1,761$1,378$1,069$823$711
23 years$2,110$1,647$1,272$973$739$633
24 years$2,001$1,543$1,177$888$664$564
25 years$1,900$1,448$1,090$811$598$504
26 years$1,808$1,361$1,011$741$538$450
27 years$1,722$1,281$939$679$485$402
28 years$1,643$1,207$872$622$438$360
29 years$1,569$1,139$812$570$395$322
30 years$1,500$1,075$756$523$357$288
31 years$1,436$1,017$705$481$323$258
32 years$1,376$962$658$442$292$232
33 years$1,320$911$614$406$264$208
34 years$1,267$863$574$374$239$186
35 years$1,217$819$537$344$217$167
36 years$1,171$777$502$317$196$150
37 years$1,126$738$470$292$178$135
38 years$1,085$702$440$269$161$121
39 years$1,045$667$412$248$146$109
40 years$1,008$635$386$229$133$98
41 years$972$604$362$211$120$88
42 years$938$575$340$195$109$79
43 years$906$548$319$180$99$71
44 years$876$523$299$166$90$64
45 years$847$498$281$153$82$57
46 years$819$475$264$142$74$52
47 years$792$454$248$131$67$46
48 years$767$433$233$121$61$42
49 years$743$414$219$112$56$38
50 years$720$395$206$103$50$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $737,000, adding $5,469 every year, while hoping to spend $43,249 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: 78/17/5 Blend
39$737,000$737,000$737,000$737,000
40$817,815$778,754$767,331$880,983
41$855,216$770,897$747,020$915,307
42$894,982$761,204$724,579$946,730
43$937,309$749,542$699,891$979,891
44$982,410$735,766$672,834$1,014,942
45$1,030,522$719,724$643,279$1,052,051
46$1,081,900$701,255$611,094$1,091,404
47$1,136,825$680,189$576,137$1,133,204
48$1,195,607$656,344$538,264$1,177,678
49$1,258,584$629,530$497,320$1,225,074
50$1,326,127$599,544$453,148$1,275,667
51$1,398,643$566,172$405,579$1,329,762
52$1,476,579$529,189$354,441$1,387,692
53$1,560,426$488,355$299,550$1,449,827
54$1,650,722$443,417$240,717$1,516,576
55$1,748,058$394,108$177,744$1,588,390
56$1,853,086$340,144$110,424$1,665,765
57$1,966,518$281,229$38,541$1,749,253
58$2,089,139$217,045$0$1,839,459
59$2,221,812$147,261$0$1,939,089
60$2,365,484$71,524$0$2,049,174
61$2,521,198$0$0$2,168,484
62$2,690,099$0$0$2,299,906
63$2,873,448$0$0$2,457,115
64$3,072,631$0$0$2,627,922
65$3,289,172$0$0$2,813,637
66$3,524,750$0$0$3,015,701
67$3,781,208$0$0$3,235,701
68$4,060,579$0$0$3,475,381
69$4,365,097$0$0$3,736,662
70$4,697,221$0$0$4,021,658
71$5,059,659$0$0$4,332,694
72$5,455,390$0$0$4,672,333
73$5,887,695$0$0$5,043,392
74$6,360,184$0$0$5,448,976
75$6,876,833$0$0$5,892,500
76$7,442,020$0$0$6,377,728
77$8,060,564$0$0$6,908,800
78$8,737,772$0$0$7,490,280
79$9,479,489$0$0$8,127,189
80$10,292,150$0$0$8,825,058
81$11,182,845$0$0$9,589,981
82$12,159,378$0$0$10,428,666
83$13,230,348$0$0$11,348,503
84$14,405,225$0$0$12,357,631
85$15,694,438$0$0$13,465,015
86$17,109,477$0$0$14,680,530
87$18,662,998$0$0$16,015,052
88$20,368,942$0$0$17,480,565
89$22,242,664$0$0$19,090,267
90$24,301,083$0$0$20,858,700
91$26,562,835$0$0$22,801,881
92$29,048,452$0$0$24,937,458
93$31,780,552$0$0$27,284,872
94$34,784,055$0$0$29,865,542
95$38,086,415$0$0$32,703,065
96$41,717,878$0$0$35,823,439
97$45,711,771$0$0$39,255,308
98$50,104,808$0$0$43,030,231
99$54,937,444$0$0$47,182,979
100$60,254,250$0$0$51,751,863