Can I retire at age 40 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$60,943$60,400$59,871$59,354$58,849$57,803
2 years$30,170$29,608$29,064$28,536$28,023$26,973
3 years$19,914$19,349$18,806$18,283$17,779$16,757
4 years$14,786$14,224$13,686$13,172$12,680$11,695
5 years$11,711$11,152$10,621$10,117$9,639$8,693
6 years$9,661$9,106$8,583$8,091$7,627$6,721
7 years$8,198$7,647$7,133$6,652$6,203$5,337
8 years$7,100$6,555$6,049$5,580$5,146$4,320
9 years$6,248$5,707$5,210$4,753$4,334$3,548
10 years$5,566$5,031$4,542$4,097$3,693$2,946
11 years$5,008$4,479$3,999$3,566$3,176$2,467
12 years$4,544$4,020$3,549$3,128$2,752$2,081
13 years$4,151$3,633$3,171$2,761$2,400$1,765
14 years$3,815$3,302$2,849$2,451$2,104$1,504
15 years$3,524$3,016$2,572$2,186$1,852$1,287
16 years$3,270$2,768$2,332$1,957$1,637$1,104
17 years$3,045$2,549$2,122$1,759$1,451$950
18 years$2,846$2,355$1,937$1,585$1,291$819
19 years$2,668$2,183$1,773$1,432$1,150$708
20 years$2,508$2,028$1,628$1,297$1,027$613
21 years$2,364$1,889$1,497$1,177$919$531
22 years$2,232$1,764$1,380$1,070$824$461
23 years$2,113$1,649$1,274$975$740$401
24 years$2,003$1,545$1,178$889$665$348
25 years$1,903$1,450$1,091$812$598$303
26 years$1,810$1,363$1,012$742$539$264
27 years$1,724$1,283$940$679$486$230
28 years$1,645$1,209$874$623$438$201
29 years$1,571$1,140$813$571$396$175
30 years$1,502$1,077$757$524$358$153
31 years$1,438$1,018$706$481$323$133
32 years$1,378$963$659$442$293$116
33 years$1,322$912$615$407$265$102
34 years$1,269$865$575$374$240$89
35 years$1,219$820$537$344$217$78
36 years$1,172$778$503$317$197$68
37 years$1,128$739$470$292$178$59
38 years$1,086$703$441$269$162$52
39 years$1,046$668$413$248$147$45
40 years$1,009$636$387$229$133$40
41 years$973$605$363$211$121$35
42 years$940$576$340$195$109$30
43 years$907$549$319$180$99$26
44 years$877$523$300$166$90$23
45 years$848$499$281$154$82$20
46 years$820$476$264$142$74$18
47 years$793$454$248$131$67$15
48 years$768$434$233$121$61$14
49 years$744$414$219$112$56$12
50 years$721$396$206$103$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $738,000, adding $2,474 every year, while hoping to spend $45,283 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: 60/12/28 Blend
39$738,000$738,000$738,000$738,000
40$815,828$776,714$765,275$858,458
41$850,862$766,592$742,731$877,704
42$887,951$754,457$717,914$893,634
43$927,258$740,161$690,700$910,069
44$968,960$723,550$660,960$927,068
45$1,013,249$704,460$628,557$944,700
46$1,060,338$682,716$593,352$963,042
47$1,110,457$658,134$555,194$982,180
48$1,163,861$630,519$513,930$1,002,213
49$1,220,826$599,666$469,398$1,023,252
50$1,281,657$565,356$421,429$1,045,422
51$1,346,686$527,359$369,847$1,068,862
52$1,416,278$485,429$314,467$1,093,731
53$1,490,834$439,311$255,097$1,120,205
54$1,570,793$388,731$191,537$1,148,482
55$1,656,636$333,401$123,575$1,178,783
56$1,748,892$273,017$50,995$1,211,358
57$1,848,142$207,258$0$1,246,482
58$1,955,022$135,783$0$1,292,372
59$2,070,233$58,235$0$1,358,240
60$2,194,543$0$0$1,429,295
61$2,328,796$0$0$1,509,447
62$2,473,922$0$0$1,604,448
63$2,630,939$0$0$1,707,282
64$2,800,969$0$0$1,818,688
65$2,985,246$0$0$1,939,482
66$3,185,123$0$0$2,070,559
67$3,402,093$0$0$2,212,903
68$3,637,794$0$0$2,367,597
69$3,894,030$0$0$2,535,832
70$4,172,786$0$0$2,718,920
71$4,476,244$0$0$2,918,303
72$4,806,807$0$0$3,135,567
73$5,167,117$0$0$3,372,459
74$5,560,085$0$0$3,630,903
75$5,988,912$0$0$3,913,012
76$6,457,123$0$0$4,221,117
77$6,968,597$0$0$4,557,782
78$7,527,607$0$0$4,925,828
79$8,138,854$0$0$5,328,365
80$8,807,517$0$0$5,768,814
81$9,539,296$0$0$6,250,943
82$10,340,469$0$0$6,778,900
83$11,217,949$0$0$7,357,256
84$12,179,349$0$0$7,991,042
85$13,233,052$0$0$8,685,799
86$14,388,292$0$0$9,447,631
87$15,655,239$0$0$10,283,261
88$17,045,093$0$0$11,200,091
89$18,570,193$0$0$12,206,278
90$20,244,128$0$0$13,310,806
91$22,081,868$0$0$14,523,569
92$24,099,901$0$0$15,855,468
93$26,316,392$0$0$17,318,511
94$28,751,352$0$0$18,925,927
95$31,426,825$0$0$20,692,289
96$34,367,096$0$0$22,633,651
97$37,598,917$0$0$24,767,701
98$41,151,766$0$0$27,113,925
99$45,058,115$0$0$29,693,790
100$49,353,740$0$0$32,530,951