Can I retire at age 40 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$61,439$60,892$60,358$59,836$59,328$58,441
2 years$30,415$29,849$29,300$28,768$28,251$27,360
3 years$20,075$19,507$18,959$18,432$17,924$17,056
4 years$14,907$14,339$13,797$13,279$12,783$11,945
5 years$11,806$11,242$10,707$10,200$9,718$8,912
6 years$9,740$9,180$8,653$8,157$7,689$6,916
7 years$8,264$7,709$7,191$6,706$6,253$5,514
8 years$7,158$6,608$6,098$5,626$5,188$4,482
9 years$6,298$5,754$5,252$4,792$4,369$3,696
10 years$5,611$5,072$4,579$4,130$3,723$3,082
11 years$5,049$4,515$4,031$3,595$3,202$2,592
12 years$4,581$4,052$3,578$3,153$2,774$2,196
13 years$4,185$3,662$3,197$2,784$2,419$1,871
14 years$3,846$3,329$2,872$2,471$2,121$1,602
15 years$3,553$3,041$2,593$2,204$1,867$1,377
16 years$3,296$2,790$2,351$1,973$1,650$1,188
17 years$3,070$2,570$2,139$1,773$1,463$1,027
18 years$2,869$2,374$1,953$1,598$1,301$890
19 years$2,690$2,201$1,788$1,444$1,160$773
20 years$2,529$2,045$1,641$1,308$1,036$673
21 years$2,383$1,905$1,509$1,187$927$586
22 years$2,251$1,778$1,391$1,079$831$512
23 years$2,130$1,663$1,284$983$746$447
24 years$2,020$1,558$1,188$896$670$391
25 years$1,918$1,462$1,100$818$603$342
26 years$1,825$1,374$1,020$748$543$300
27 years$1,738$1,293$947$685$490$263
28 years$1,658$1,219$881$628$442$230
29 years$1,584$1,150$820$576$399$202
30 years$1,514$1,086$763$528$361$177
31 years$1,450$1,026$712$485$326$156
32 years$1,389$971$664$446$295$137
33 years$1,332$920$620$410$267$120
34 years$1,279$872$579$377$242$105
35 years$1,229$827$542$347$219$93
36 years$1,182$785$507$320$198$81
37 years$1,137$745$474$295$180$72
38 years$1,095$708$444$272$163$63
39 years$1,055$674$416$250$148$55
40 years$1,017$641$390$231$134$49
41 years$981$610$366$213$122$43
42 years$947$581$343$197$110$38
43 years$915$553$322$182$100$33
44 years$884$528$302$168$91$29
45 years$855$503$284$155$83$26
46 years$827$480$266$143$75$23
47 years$800$458$250$132$68$20
48 years$774$437$235$122$62$18
49 years$750$418$221$113$56$15
50 years$726$399$208$104$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $744,000, adding $4,412 every year, while hoping to spend $30,322 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: 42/44/14 Blend
39$744,000$744,000$744,000$744,000
40$824,439$785,007$773,475$855,511
41$876,269$791,210$767,124$883,988
42$932,370$796,701$759,544$911,461
43$993,145$801,412$750,662$940,552
44$1,059,038$805,273$740,401$971,422
45$1,130,536$808,208$728,681$1,004,250
46$1,208,177$810,136$715,417$1,039,235
47$1,292,550$810,972$700,523$1,076,599
48$1,384,305$810,624$683,906$1,116,587
49$1,484,156$808,997$665,469$1,159,471
50$1,592,890$805,988$645,112$1,205,553
51$1,711,372$801,488$622,730$1,255,168
52$1,840,552$795,382$598,212$1,308,688
53$1,981,480$787,547$571,443$1,366,524
54$2,135,307$777,853$542,303$1,429,134
55$2,303,305$766,164$510,666$1,497,022
56$2,486,869$752,333$476,401$1,570,749
57$2,687,538$736,206$439,369$1,650,937
58$2,907,007$717,620$399,427$1,738,273
59$3,147,139$696,401$356,426$1,833,519
60$3,409,989$672,366$310,208$1,937,519
61$3,697,817$645,322$260,610$2,051,205
62$4,013,115$615,063$207,460$2,175,611
63$4,358,623$581,372$150,581$2,311,881
64$4,737,363$544,019$89,785$2,461,279
65$5,152,660$502,762$24,879$2,625,204
66$5,608,179$457,344$0$2,805,206
67$6,107,953$407,495$0$3,009,625
68$6,656,429$352,926$0$3,238,123
69$7,258,500$293,335$0$3,489,104
70$7,919,562$228,403$0$3,764,916
71$8,645,553$157,791$0$4,068,154
72$9,443,019$81,142$0$4,401,680
73$10,319,169$0$0$4,768,658
74$11,281,944$0$0$5,173,508
75$12,340,094$0$0$5,661,743
76$13,503,258$0$0$6,198,535
77$14,782,055$0$0$6,788,798
78$16,188,186$0$0$7,437,944
79$17,734,541$0$0$8,151,939
80$19,435,322$0$0$8,937,355
81$21,306,176$0$0$9,801,431
82$23,364,343$0$0$10,752,146
83$25,628,819$0$0$11,798,289
84$28,120,533$0$0$12,949,545
85$30,862,545$0$0$14,216,586
86$33,880,264$0$0$15,611,171
87$37,201,688$0$0$17,146,254
88$40,857,664$0$0$18,836,113
89$44,882,184$0$0$20,696,477
90$49,312,702$0$0$22,744,679
91$54,190,487$0$0$24,999,818
92$59,561,016$0$0$27,482,939
93$65,474,395$0$0$30,217,233
94$71,985,842$0$0$33,228,252
95$79,156,197$0$0$36,544,155
96$87,052,504$0$0$40,195,968
97$95,748,639$0$0$44,217,882
98$105,326,009$0$0$48,647,571
99$115,874,317$0$0$53,526,552
100$127,492,411$0$0$58,900,573