Can I retire at age 40 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$61,604$61,055$60,520$59,997$59,487$57,861
2 years$30,497$29,929$29,379$28,845$28,327$26,701
3 years$20,129$19,559$19,010$18,481$17,972$16,396
4 years$14,947$14,378$13,834$13,315$12,818$11,305
5 years$11,838$11,272$10,736$10,227$9,744$8,298
6 years$9,766$9,205$8,676$8,179$7,710$6,332
7 years$8,286$7,730$7,210$6,724$6,270$4,961
8 years$7,177$6,626$6,115$5,641$5,202$3,960
9 years$6,315$5,769$5,267$4,805$4,381$3,205
10 years$5,626$5,085$4,592$4,142$3,733$2,622
11 years$5,062$4,527$4,042$3,604$3,210$2,163
12 years$4,593$4,063$3,587$3,162$2,782$1,796
13 years$4,196$3,672$3,205$2,791$2,426$1,499
14 years$3,857$3,338$2,880$2,478$2,126$1,257
15 years$3,562$3,049$2,600$2,210$1,872$1,057
16 years$3,305$2,798$2,357$1,979$1,655$892
17 years$3,078$2,576$2,145$1,778$1,467$754
18 years$2,877$2,381$1,958$1,602$1,305$639
19 years$2,697$2,206$1,793$1,448$1,163$543
20 years$2,535$2,050$1,645$1,311$1,039$461
21 years$2,389$1,910$1,513$1,190$929$393
22 years$2,257$1,783$1,395$1,082$833$334
23 years$2,136$1,667$1,288$985$748$285
24 years$2,025$1,562$1,191$899$672$243
25 years$1,923$1,466$1,103$821$605$208
26 years$1,830$1,378$1,023$750$545$177
27 years$1,743$1,297$950$687$491$152
28 years$1,663$1,222$883$629$443$130
29 years$1,588$1,153$822$577$400$111
30 years$1,519$1,089$766$530$362$95
31 years$1,454$1,029$714$486$327$81
32 years$1,393$974$666$447$296$69
33 years$1,336$922$622$411$268$59
34 years$1,283$874$581$378$242$51
35 years$1,232$829$543$348$219$44
36 years$1,185$787$508$321$199$37
37 years$1,140$747$476$295$180$32
38 years$1,098$710$445$272$163$27
39 years$1,058$675$417$251$148$23
40 years$1,020$643$391$232$134$20
41 years$984$612$367$214$122$17
42 years$950$582$344$197$111$15
43 years$917$555$323$182$100$13
44 years$886$529$303$168$91$11
45 years$857$504$284$155$83$9
46 years$829$481$267$143$75$8
47 years$802$459$251$132$68$7
48 years$776$438$236$122$62$6
49 years$752$419$222$113$56$5
50 years$728$400$208$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $746,000, adding $3,842 every year, while hoping to spend $57,396 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: 66/10/24 Blend
39$746,000$746,000$746,000$746,000
40$826,055$786,517$774,954$875,213
41$849,244$763,987$739,846$886,227
42$872,874$738,430$701,638$891,410
43$896,930$709,637$660,166$895,759
44$921,394$677,385$615,258$899,194
45$946,241$641,442$566,735$901,629
46$971,445$601,560$514,408$902,972
47$996,973$557,478$458,081$903,124
48$1,022,789$508,918$397,551$901,978
49$1,048,847$455,589$332,603$899,419
50$1,075,098$397,181$263,014$895,322
51$1,101,483$333,369$188,550$889,553
52$1,127,937$263,806$108,969$881,967
53$1,154,383$188,129$24,016$872,408
54$1,180,735$105,953$0$860,709
55$1,206,897$16,871$0$863,753
56$1,232,757$0$0$871,949
57$1,258,192$0$0$887,757
58$1,283,062$0$0$904,984
59$1,307,209$0$0$921,658
60$1,330,458$0$0$937,650
61$1,352,610$0$0$952,816
62$1,373,445$0$0$966,994
63$1,392,715$0$0$980,004
64$1,410,144$0$0$991,643
65$1,425,426$0$0$1,001,687
66$1,438,218$0$0$1,009,886
67$1,448,137$0$0$1,015,962
68$1,454,759$0$0$1,019,603
69$1,457,612$0$0$1,020,467
70$1,456,172$0$0$1,018,169
71$1,449,857$0$0$1,012,287
72$1,438,020$0$0$1,002,347
73$1,419,944$0$0$987,828
74$1,394,834$0$0$968,151
75$1,361,811$0$0$942,672
76$1,319,897$0$0$910,682
77$1,268,012$0$0$871,392
78$1,204,959$0$0$823,930
79$1,129,415$0$0$767,333
80$1,039,915$0$0$700,533
81$934,837$0$0$622,349
82$812,390$0$0$531,478
83$670,592$0$0$426,475
84$507,255$0$0$305,746
85$319,957$0$0$167,531
86$106,026$0$0$9,881
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0