Can I retire at age 40 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$61,852$61,301$60,763$60,239$59,726$59,053
2 years$30,620$30,049$29,497$28,961$28,441$27,764
3 years$20,210$19,638$19,086$18,556$18,044$17,383
4 years$15,007$14,436$13,890$13,368$12,869$12,230
5 years$11,885$11,318$10,779$10,268$9,783$9,167
6 years$9,805$9,242$8,711$8,211$7,741$7,149
7 years$8,320$7,761$7,239$6,751$6,295$5,728
8 years$7,206$6,653$6,139$5,663$5,223$4,680
9 years$6,341$5,792$5,288$4,824$4,398$3,880
10 years$5,649$5,106$4,610$4,158$3,748$3,253
11 years$5,083$4,545$4,059$3,619$3,223$2,752
12 years$4,612$4,080$3,602$3,174$2,793$2,345
13 years$4,213$3,687$3,218$2,802$2,436$2,010
14 years$3,872$3,351$2,891$2,488$2,135$1,731
15 years$3,577$3,061$2,611$2,219$1,880$1,497
16 years$3,318$2,809$2,367$1,986$1,661$1,299
17 years$3,091$2,587$2,154$1,785$1,473$1,131
18 years$2,889$2,390$1,966$1,608$1,310$986
19 years$2,708$2,215$1,800$1,453$1,167$863
20 years$2,546$2,059$1,652$1,316$1,043$756
21 years$2,399$1,917$1,519$1,195$933$663
22 years$2,266$1,790$1,400$1,086$836$582
23 years$2,144$1,674$1,293$989$751$512
24 years$2,033$1,568$1,196$902$675$451
25 years$1,931$1,472$1,108$824$607$398
26 years$1,837$1,383$1,027$753$547$351
27 years$1,750$1,302$954$690$493$310
28 years$1,669$1,227$887$632$445$273
29 years$1,594$1,157$825$579$402$242
30 years$1,525$1,093$769$532$363$214
31 years$1,459$1,033$717$488$328$189
32 years$1,399$978$669$449$297$167
33 years$1,341$926$624$413$269$148
34 years$1,288$878$583$380$243$131
35 years$1,237$832$545$350$220$116
36 years$1,190$790$510$322$200$103
37 years$1,145$750$477$297$181$91
38 years$1,102$713$447$273$164$81
39 years$1,062$678$419$252$149$71
40 years$1,024$645$393$233$135$63
41 years$988$614$368$215$122$56
42 years$954$585$345$198$111$50
43 years$921$557$324$183$101$44
44 years$890$531$304$169$92$39
45 years$860$506$286$156$83$35
46 years$832$483$268$144$75$31
47 years$805$461$252$133$68$27
48 years$779$440$237$123$62$24
49 years$755$420$223$114$56$21
50 years$731$402$209$105$51$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $749,000, adding $4,822 every year, while hoping to spend $36,907 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: 81/12/7 Blend
39$749,000$749,000$749,000$749,000
40$830,372$790,675$779,065$896,646
41$875,801$790,149$765,895$940,198
42$924,627$788,361$751,047$982,594
43$977,157$785,209$734,426$1,028,000
44$1,033,730$780,586$715,931$1,076,697
45$1,094,715$774,380$695,459$1,128,995
46$1,160,520$766,469$672,901$1,185,233
47$1,231,593$756,725$648,144$1,245,788
48$1,308,425$745,015$621,066$1,311,072
49$1,391,557$731,193$591,545$1,381,542
50$1,481,584$715,110$559,449$1,457,699
51$1,579,158$696,602$524,643$1,540,096
52$1,684,998$675,502$486,985$1,629,344
53$1,799,893$651,627$446,324$1,726,113
54$1,924,714$624,788$402,508$1,831,145
55$2,060,414$594,783$355,371$1,945,255
56$2,208,047$561,397$304,747$2,069,343
57$2,368,769$524,406$250,456$2,204,401
58$2,543,852$483,571$192,316$2,351,522
59$2,734,698$438,640$130,132$2,511,911
60$2,942,849$389,344$63,703$2,686,896
61$3,170,001$335,404$0$2,877,941
62$3,418,023$276,520$0$3,087,197
63$3,688,970$212,379$0$3,321,020
64$3,985,107$142,647$0$3,576,625
65$4,308,925$66,975$0$3,856,193
66$4,663,169$0$0$4,162,126
67$5,050,860$0$0$4,499,055
68$5,475,325$0$0$4,877,643
69$5,940,228$0$0$5,292,318
70$6,449,603$0$0$5,746,679
71$7,007,893$0$0$6,244,694
72$7,619,993$0$0$6,790,730
73$8,291,292$0$0$7,389,597
74$9,027,726$0$0$8,046,594
75$9,835,834$0$0$8,767,558
76$10,722,818$0$0$9,558,917
77$11,696,612$0$0$10,427,752
78$12,765,955$0$0$11,381,863
79$13,940,475$0$0$12,429,844
80$15,230,776$0$0$13,581,161
81$16,648,541$0$0$14,846,241
82$18,206,641$0$0$16,236,573
83$19,919,256$0$0$17,764,814
84$21,802,007$0$0$19,444,907
85$23,872,105$0$0$21,292,213
86$26,148,511$0$0$23,323,659
87$28,652,116$0$0$25,557,891
88$31,405,937$0$0$28,015,453
89$34,435,334$0$0$30,718,983
90$37,768,249$0$0$33,693,421
91$41,435,467$0$0$36,966,245
92$45,470,908$0$0$40,567,735
93$49,911,950$0$0$44,531,252
94$54,799,772$0$0$48,893,553
95$60,179,751$0$0$53,695,143
96$66,101,886$0$0$58,980,650
97$72,621,269$0$0$64,799,250
98$79,798,604$0$0$71,205,128
99$87,700,780$0$0$78,257,991
100$96,401,505$0$0$86,023,629