Can I retire at age 40 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$62,430$61,874$61,331$60,802$60,285$58,331
2 years$30,906$30,330$29,772$29,232$28,707$26,758
3 years$20,399$19,821$19,265$18,729$18,213$16,328
4 years$15,147$14,571$14,020$13,493$12,990$11,184
5 years$11,996$11,424$10,880$10,364$9,874$8,153
6 years$9,897$9,328$8,793$8,288$7,813$6,178
7 years$8,398$7,834$7,307$6,814$6,354$4,804
8 years$7,274$6,715$6,197$5,716$5,272$3,806
9 years$6,400$5,847$5,337$4,869$4,439$3,056
10 years$5,701$5,154$4,653$4,197$3,783$2,480
11 years$5,130$4,588$4,096$3,653$3,253$2,029
12 years$4,655$4,118$3,636$3,204$2,819$1,670
13 years$4,253$3,721$3,248$2,829$2,458$1,382
14 years$3,908$3,383$2,918$2,511$2,155$1,148
15 years$3,610$3,090$2,635$2,239$1,897$957
16 years$3,349$2,835$2,389$2,005$1,677$800
17 years$3,120$2,611$2,174$1,802$1,487$670
18 years$2,916$2,413$1,984$1,624$1,322$562
19 years$2,733$2,236$1,817$1,467$1,178$473
20 years$2,569$2,078$1,667$1,329$1,053$398
21 years$2,421$1,935$1,534$1,206$942$335
22 years$2,287$1,807$1,413$1,096$844$283
23 years$2,164$1,690$1,305$998$758$239
24 years$2,052$1,583$1,207$911$681$201
25 years$1,949$1,486$1,118$832$613$170
26 years$1,854$1,396$1,037$760$552$144
27 years$1,766$1,314$963$696$498$122
28 years$1,685$1,238$895$638$449$103
29 years$1,609$1,168$833$585$406$87
30 years$1,539$1,103$776$537$366$74
31 years$1,473$1,043$723$493$331$62
32 years$1,412$987$675$453$300$53
33 years$1,354$935$630$417$271$45
34 years$1,300$886$589$383$246$38
35 years$1,249$840$550$353$222$32
36 years$1,201$797$515$325$202$27
37 years$1,155$757$482$299$183$23
38 years$1,113$720$451$276$166$20
39 years$1,072$684$423$254$150$17
40 years$1,034$651$396$235$136$14
41 years$997$620$372$217$124$12
42 years$962$590$349$200$112$10
43 years$930$562$327$184$102$9
44 years$898$536$307$170$92$7
45 years$868$511$288$157$84$6
46 years$840$488$271$145$76$5
47 years$813$465$254$134$69$4
48 years$787$444$239$124$63$4
49 years$762$424$225$115$57$3
50 years$738$405$211$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $756,000, adding $4,149 every year, while hoping to spend $34,542 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: 60/34/6 Blend
39$756,000$756,000$756,000$756,000
40$837,392$797,324$785,606$886,430
41$886,053$799,640$775,171$922,062
42$938,521$800,912$763,229$956,559
43$995,145$801,053$749,693$993,305
44$1,056,314$799,968$734,472$1,032,518
45$1,122,451$797,560$717,470$1,074,436
46$1,194,024$793,723$698,588$1,119,325
47$1,271,546$788,347$677,721$1,167,479
48$1,355,580$781,312$654,761$1,219,221
49$1,446,747$772,494$629,594$1,274,910
50$1,545,729$761,761$602,099$1,334,942
51$1,653,277$748,971$572,154$1,399,757
52$1,770,217$733,975$539,626$1,469,838
53$1,897,455$716,617$504,380$1,545,722
54$2,035,993$696,728$466,274$1,628,000
55$2,186,929$674,132$425,158$1,717,329
56$2,351,473$648,642$380,879$1,814,431
57$2,530,957$620,059$333,272$1,920,106
58$2,726,846$588,174$282,169$2,035,240
59$2,940,756$552,766$227,392$2,160,808
60$3,174,460$513,599$168,757$2,297,890
61$3,429,916$470,426$106,072$2,447,678
62$3,709,275$422,985$39,133$2,611,492
63$4,014,909$370,999$0$2,790,785
64$4,349,427$314,175$0$2,989,234
65$4,715,703$252,204$0$3,209,356
66$5,116,902$184,759$0$3,450,617
67$5,556,510$111,496$0$3,715,201
68$6,038,364$32,050$0$4,005,514
69$6,566,694$0$0$4,324,216
70$7,146,154$0$0$4,694,429
71$7,781,873$0$0$5,113,802
72$8,479,500$0$0$5,574,078
73$9,245,257$0$0$6,079,371
74$10,085,997$0$0$6,634,211
75$11,009,272$0$0$7,243,588
76$12,023,398$0$0$7,913,002
77$13,137,537$0$0$8,648,510
78$14,361,782$0$0$9,456,782
79$15,707,252$0$0$10,345,172
80$17,186,199$0$0$11,321,777
81$18,812,118$0$0$12,395,520
82$20,599,878$0$0$13,576,230
83$22,565,860$0$0$14,874,739
84$24,728,113$0$0$16,302,978
85$27,106,523$0$0$17,874,094
86$29,723,000$0$0$19,602,573
87$32,601,683$0$0$21,504,375
88$35,769,170$0$0$23,597,084
89$39,254,767$0$0$25,900,076
90$43,090,765$0$0$28,434,700
91$47,312,744$0$0$31,224,479
92$51,959,906$0$0$34,295,333
93$57,075,448$0$0$37,675,822
94$62,706,968$0$0$41,397,415
95$68,906,912$0$0$45,494,789
96$75,733,071$0$0$50,006,152
97$83,249,125$0$0$54,973,607
98$91,525,242$0$0$60,443,548
99$100,638,741$0$0$66,467,096
100$110,674,821$0$0$73,100,582