Can I retire at age 40 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$62,017$61,464$60,926$60,399$59,886$58,773
2 years$30,701$30,130$29,575$29,038$28,517$27,400
3 years$20,264$19,690$19,137$18,605$18,092$17,006
4 years$15,047$14,474$13,927$13,404$12,904$11,856
5 years$11,917$11,348$10,808$10,295$9,809$8,804
6 years$9,831$9,266$8,734$8,233$7,762$6,799
7 years$8,342$7,782$7,258$6,769$6,312$5,393
8 years$7,226$6,671$6,156$5,678$5,237$4,361
9 years$6,358$5,808$5,302$4,837$4,410$3,577
10 years$5,664$5,119$4,622$4,169$3,758$2,966
11 years$5,096$4,558$4,069$3,629$3,232$2,481
12 years$4,624$4,091$3,611$3,183$2,800$2,090
13 years$4,224$3,697$3,227$2,810$2,442$1,770
14 years$3,882$3,360$2,899$2,494$2,141$1,506
15 years$3,586$3,070$2,618$2,224$1,885$1,287
16 years$3,327$2,816$2,373$1,992$1,666$1,103
17 years$3,099$2,594$2,159$1,790$1,477$948
18 years$2,896$2,397$1,971$1,613$1,313$816
19 years$2,715$2,221$1,805$1,457$1,171$704
20 years$2,552$2,064$1,656$1,320$1,046$609
21 years$2,405$1,923$1,523$1,198$936$527
22 years$2,272$1,795$1,404$1,089$839$457
23 years$2,150$1,679$1,296$992$753$396
24 years$2,039$1,573$1,199$905$677$344
25 years$1,936$1,476$1,110$826$609$299
26 years$1,842$1,387$1,030$755$548$260
27 years$1,755$1,305$956$691$495$226
28 years$1,674$1,230$889$634$446$197
29 years$1,599$1,160$827$581$403$171
30 years$1,529$1,096$771$533$364$149
31 years$1,463$1,036$718$490$329$130
32 years$1,402$980$670$450$298$113
33 years$1,345$928$626$414$269$99
34 years$1,291$880$585$381$244$86
35 years$1,240$835$547$351$221$75
36 years$1,193$792$511$323$200$66
37 years$1,148$752$479$297$181$57
38 years$1,105$715$448$274$165$50
39 years$1,065$680$420$253$149$44
40 years$1,027$647$394$233$135$38
41 years$991$616$369$215$123$33
42 years$956$586$346$199$111$29
43 years$923$559$325$183$101$25
44 years$892$533$305$169$92$22
45 years$863$508$286$156$83$19
46 years$834$484$269$144$76$17
47 years$807$462$253$133$69$15
48 years$782$441$237$123$62$13
49 years$757$421$223$114$57$11
50 years$733$403$210$105$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $751,000, adding $2,374 every year, while hoping to spend $30,812 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: 62/18/20 Blend
39$751,000$751,000$751,000$751,000
40$830,051$790,248$778,607$877,084
41$881,932$796,186$771,907$915,042
42$938,073$801,383$763,949$952,818
43$998,875$805,769$754,660$993,352
44$1,064,780$809,271$743,961$1,036,917
45$1,136,273$811,812$731,770$1,083,814
46$1,213,890$813,308$718,001$1,134,373
47$1,298,218$813,671$702,565$1,188,962
48$1,389,904$812,808$685,369$1,247,986
49$1,489,658$810,620$666,313$1,311,891
50$1,598,264$807,001$645,295$1,381,172
51$1,716,583$801,840$622,208$1,456,373
52$1,845,561$795,017$596,939$1,538,096
53$1,986,244$786,408$569,371$1,627,006
54$2,139,777$775,878$539,382$1,723,837
55$2,307,425$763,288$506,842$1,829,399
56$2,490,579$748,485$471,618$1,944,587
57$2,690,771$731,314$433,570$2,070,389
58$2,909,686$711,604$392,551$2,207,894
59$3,149,180$689,180$348,408$2,358,305
60$3,411,299$663,851$300,981$2,522,951
61$3,698,291$635,420$250,104$2,703,298
62$4,012,637$603,676$195,603$2,900,964
63$4,357,065$568,395$137,295$3,117,733
64$4,734,582$529,343$74,991$3,355,576
65$5,148,498$486,269$8,492$3,616,668
66$5,602,460$438,911$0$3,903,407
67$6,100,484$386,991$0$4,231,772
68$6,646,993$330,213$0$4,594,152
69$7,246,860$268,267$0$4,992,003
70$7,905,452$200,825$0$5,428,931
71$8,628,683$127,540$0$5,908,908
72$9,423,064$48,045$0$6,436,316
73$10,295,771$0$0$7,015,983
74$11,254,709$0$0$7,660,769
75$12,308,584$0$0$8,379,909
76$13,466,991$0$0$9,170,439
77$14,740,497$0$0$10,039,581
78$16,140,747$0$0$10,995,289
79$17,680,569$0$0$12,046,326
80$19,374,097$0$0$13,202,349
81$21,236,903$0$0$14,473,996
82$23,286,145$0$0$15,872,989
83$25,540,726$0$0$17,412,243
84$28,021,476$0$0$19,105,987
85$30,751,344$0$0$20,969,900
86$33,755,616$0$0$23,021,259
87$37,062,154$0$0$25,279,097
88$40,701,658$0$0$27,764,390
89$44,707,955$0$0$30,500,247
90$49,118,318$0$0$33,512,134
91$53,973,819$0$0$36,828,111
92$59,319,711$0$0$40,479,096
93$65,205,862$0$0$44,499,159
94$71,687,221$0$0$48,925,842
95$78,824,334$0$0$53,800,510
96$86,683,920$0$0$59,168,748
97$95,339,499$0$0$65,080,785
98$104,872,083$0$0$71,591,969
99$115,370,940$0$0$78,763,292
100$126,934,441$0$0$86,661,962