Can I retire at age 40 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$62,347$61,792$61,250$60,721$60,205$58,869
2 years$30,865$30,290$29,733$29,193$28,669$27,330
3 years$20,372$19,795$19,239$18,704$18,189$16,889
4 years$15,127$14,551$14,001$13,475$12,972$11,721
5 years$11,981$11,408$10,866$10,350$9,861$8,662
6 years$9,884$9,316$8,781$8,277$7,803$6,657
7 years$8,386$7,823$7,297$6,805$6,346$5,254
8 years$7,264$6,706$6,188$5,709$5,265$4,226
9 years$6,392$5,839$5,330$4,863$4,434$3,448
10 years$5,694$5,147$4,647$4,192$3,778$2,843
11 years$5,124$4,582$4,091$3,648$3,249$2,365
12 years$4,649$4,112$3,631$3,200$2,815$1,980
13 years$4,247$3,716$3,244$2,825$2,455$1,667
14 years$3,903$3,378$2,915$2,508$2,152$1,410
15 years$3,605$3,086$2,631$2,236$1,895$1,197
16 years$3,345$2,831$2,386$2,002$1,675$1,020
17 years$3,115$2,608$2,171$1,799$1,485$870
18 years$2,912$2,409$1,982$1,621$1,320$745
19 years$2,730$2,233$1,814$1,465$1,177$638
20 years$2,566$2,075$1,665$1,327$1,051$548
21 years$2,418$1,933$1,532$1,204$941$471
22 years$2,284$1,804$1,412$1,095$843$405
23 years$2,161$1,687$1,303$997$757$349
24 years$2,049$1,581$1,205$909$680$301
25 years$1,947$1,484$1,116$831$612$260
26 years$1,852$1,394$1,035$759$551$224
27 years$1,764$1,312$961$695$497$194
28 years$1,683$1,237$894$637$449$167
29 years$1,607$1,167$832$584$405$145
30 years$1,537$1,102$775$536$366$125
31 years$1,471$1,042$722$492$331$108
32 years$1,410$985$674$452$299$94
33 years$1,352$933$629$416$271$81
34 years$1,298$885$588$383$245$70
35 years$1,247$839$550$352$222$61
36 years$1,199$796$514$325$201$53
37 years$1,154$756$481$299$182$45
38 years$1,111$719$451$276$165$39
39 years$1,071$683$422$254$150$34
40 years$1,032$650$396$234$136$30
41 years$996$619$371$216$123$26
42 years$961$590$348$200$112$22
43 years$928$562$327$184$102$19
44 years$897$535$307$170$92$17
45 years$867$511$288$157$84$14
46 years$839$487$270$145$76$12
47 years$812$465$254$134$69$11
48 years$786$444$239$124$63$9
49 years$761$424$224$114$57$8
50 years$737$405$211$106$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $755,000, adding $2,126 every year, while hoping to spend $54,363 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: 80/8/12 Blend
39$755,000$755,000$755,000$755,000
40$834,203$794,188$782,485$898,929
41$861,450$775,261$750,857$922,815
42$889,654$753,585$716,347$941,743
43$918,855$728,968$678,801$960,933
44$949,097$701,205$638,059$980,385
45$980,423$670,083$593,953$1,000,100
46$1,012,882$635,373$546,306$1,020,078
47$1,046,524$596,834$494,935$1,040,322
48$1,081,403$554,213$439,649$1,060,835
49$1,117,576$507,239$380,247$1,081,618
50$1,155,103$455,628$316,520$1,102,677
51$1,194,050$399,080$248,249$1,124,015
52$1,234,484$337,276$175,207$1,145,640
53$1,276,480$269,881$97,155$1,167,557
54$1,320,116$196,540$13,845$1,189,776
55$1,365,477$116,879$0$1,212,308
56$1,412,651$30,502$0$1,244,777
57$1,461,736$0$0$1,280,102
58$1,512,834$0$0$1,322,112
59$1,566,058$0$0$1,368,668
60$1,621,526$0$0$1,417,192
61$1,679,368$0$0$1,467,796
62$1,739,722$0$0$1,520,603
63$1,802,737$0$0$1,575,743
64$1,868,574$0$0$1,633,359
65$1,937,409$0$0$1,693,604
66$2,009,430$0$0$1,756,643
67$2,084,841$0$0$1,822,657
68$2,163,862$0$0$1,891,839
69$2,246,734$0$0$1,964,401
70$2,333,718$0$0$2,040,571
71$2,425,094$0$0$2,120,598
72$2,521,172$0$0$2,204,753
73$2,622,284$0$0$2,293,329
74$2,728,793$0$0$2,386,646
75$2,841,097$0$0$2,485,052
76$2,959,625$0$0$2,588,928
77$3,084,848$0$0$2,698,686
78$3,217,280$0$0$2,814,779
79$3,357,479$0$0$2,937,699
80$3,506,058$0$0$3,067,985
81$3,663,685$0$0$3,206,225
82$3,831,089$0$0$3,353,064
83$4,009,071$0$0$3,509,203
84$4,198,505$0$0$3,675,414
85$4,400,346$0$0$3,852,538
86$4,615,643$0$0$4,041,500
87$4,845,545$0$0$4,243,310
88$5,091,308$0$0$4,459,077
89$5,354,311$0$0$4,690,014
90$5,636,068$0$0$4,937,454
91$5,938,235$0$0$5,202,859
92$6,262,633$0$0$5,487,831
93$6,611,259$0$0$5,794,130
94$6,986,304$0$0$6,123,688
95$7,390,176$0$0$6,478,625
96$7,825,518$0$0$6,861,271
97$8,295,233$0$0$7,274,184
98$8,802,512$0$0$7,720,176
99$9,350,860$0$0$8,202,336
100$9,944,130$0$0$8,724,060