Can I retire at age 40 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$61,769$61,219$60,682$60,158$59,647$57,348
2 years$30,579$30,009$29,457$28,922$28,403$26,115
3 years$20,183$19,611$19,061$18,531$18,020$15,814
4 years$14,987$14,416$13,871$13,350$12,852$10,745
5 years$11,869$11,303$10,765$10,254$9,770$7,767
6 years$9,792$9,229$8,700$8,200$7,731$5,834
7 years$8,309$7,751$7,229$6,742$6,287$4,495
8 years$7,197$6,644$6,131$5,656$5,216$3,527
9 years$6,332$5,785$5,281$4,817$4,392$2,805
10 years$5,641$5,099$4,604$4,153$3,743$2,253
11 years$5,076$4,539$4,053$3,614$3,219$1,824
12 years$4,605$4,074$3,597$3,170$2,789$1,486
13 years$4,208$3,682$3,214$2,799$2,432$1,216
14 years$3,867$3,347$2,888$2,484$2,132$999
15 years$3,572$3,057$2,607$2,216$1,877$823
16 years$3,314$2,805$2,364$1,984$1,659$680
17 years$3,087$2,583$2,151$1,782$1,471$563
18 years$2,885$2,387$1,963$1,606$1,308$467
19 years$2,704$2,212$1,797$1,451$1,166$388
20 years$2,542$2,056$1,650$1,315$1,041$322
21 years$2,396$1,915$1,517$1,193$932$268
22 years$2,263$1,788$1,398$1,085$835$223
23 years$2,141$1,672$1,291$988$750$186
24 years$2,030$1,566$1,194$901$674$155
25 years$1,928$1,470$1,106$823$606$130
26 years$1,834$1,382$1,026$752$546$108
27 years$1,748$1,300$953$689$493$90
28 years$1,667$1,225$886$631$444$75
29 years$1,592$1,156$824$579$401$63
30 years$1,523$1,092$768$531$363$53
31 years$1,458$1,032$716$488$328$44
32 years$1,397$976$668$448$297$37
33 years$1,340$925$623$412$268$31
34 years$1,286$876$582$379$243$26
35 years$1,236$831$545$349$220$21
36 years$1,188$789$509$322$199$18
37 years$1,143$749$477$296$181$15
38 years$1,101$712$447$273$164$13
39 years$1,061$677$418$252$149$10
40 years$1,023$644$392$232$135$9
41 years$987$613$368$214$122$7
42 years$952$584$345$198$111$6
43 years$920$556$324$183$101$5
44 years$889$530$304$169$91$4
45 years$859$506$285$156$83$4
46 years$831$483$268$144$75$3
47 years$804$460$252$133$68$2
48 years$778$440$237$123$62$2
49 years$754$420$222$113$56$2
50 years$730$401$209$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $748,000, adding $2,966 every year, while hoping to spend $35,308 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: 77/11/12 Blend
39$748,000$748,000$748,000$748,000
40$827,355$787,711$776,117$888,923
41$874,178$788,742$764,550$930,912
42$924,594$788,639$751,412$972,154
43$978,931$787,311$736,612$1,016,380
44$1,037,551$784,659$720,058$1,063,873
45$1,100,852$780,578$701,651$1,114,947
46$1,169,270$774,957$681,287$1,169,946
47$1,243,284$767,679$658,859$1,229,251
48$1,323,423$758,619$634,255$1,293,280
49$1,410,266$747,645$607,356$1,362,497
50$1,504,450$734,616$578,039$1,437,409
51$1,606,676$719,385$546,176$1,518,581
52$1,717,716$701,794$511,632$1,606,630
53$1,838,417$681,676$474,265$1,702,241
54$1,969,713$658,855$433,931$1,806,166
55$2,112,630$633,145$390,474$1,919,237
56$2,268,298$604,349$343,734$2,042,368
57$2,437,959$572,257$293,544$2,176,571
58$2,622,982$536,649$239,729$2,322,959
59$2,824,873$497,292$182,107$2,482,759
60$3,045,289$453,937$120,486$2,657,328
61$3,286,053$406,326$54,667$2,848,157
62$3,549,175$354,180$0$3,056,894
63$3,836,866$297,210$0$3,287,349
64$4,151,560$235,107$0$3,547,129
65$4,495,938$167,546$0$3,831,464
66$4,872,952$94,184$0$4,142,820
67$5,285,851$14,657$0$4,483,913
68$5,738,216$0$0$4,857,734
69$6,233,988$0$0$5,276,228
70$6,777,508$0$0$5,737,000
71$7,373,559$0$0$6,242,332
72$8,027,406$0$0$6,796,693
73$8,744,851$0$0$7,405,005
74$9,532,282$0$0$8,072,689
75$10,396,739$0$0$8,805,716
76$11,345,973$0$0$9,610,664
77$12,388,525$0$0$10,494,781
78$13,533,803$0$0$11,466,048
79$14,792,171$0$0$12,533,259
80$16,175,048$0$0$13,706,103
81$17,695,011$0$0$14,995,252
82$19,365,919$0$0$16,412,464
83$21,203,040$0$0$17,970,695
84$23,223,193$0$0$19,684,216
85$25,444,911$0$0$21,568,753
86$27,888,612$0$0$23,641,630
87$30,576,793$0$0$25,921,935
88$33,534,240$0$0$28,430,701
89$36,788,263$0$0$31,191,099
90$40,368,953$0$0$34,228,663
91$44,309,463$0$0$37,571,525
92$48,646,327$0$0$41,250,682
93$53,419,796$0$0$45,300,290
94$58,674,222$0$0$49,757,981
95$64,458,476$0$0$54,665,225
96$70,826,408$0$0$60,067,713
97$77,837,353$0$0$66,015,794
98$85,556,695$0$0$72,564,946
99$94,056,477$0$0$79,776,302
100$103,416,087$0$0$87,717,222