Can I retire at age 40 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$62,760$62,201$61,656$61,123$60,603$59,502
2 years$31,069$30,491$29,930$29,386$28,859$27,753
3 years$20,507$19,926$19,367$18,828$18,309$17,233
4 years$15,227$14,648$14,094$13,565$13,058$12,021
5 years$12,060$11,484$10,937$10,419$9,927$8,931
6 years$9,949$9,378$8,839$8,332$7,855$6,901
7 years$8,442$7,875$7,345$6,850$6,388$5,477
8 years$7,312$6,751$6,229$5,746$5,299$4,431
9 years$6,434$5,878$5,365$4,895$4,463$3,637
10 years$5,732$5,181$4,678$4,219$3,803$3,018
11 years$5,157$4,612$4,118$3,672$3,270$2,526
12 years$4,679$4,140$3,655$3,221$2,834$2,129
13 years$4,275$3,741$3,265$2,844$2,471$1,804
14 years$3,929$3,400$2,934$2,524$2,166$1,537
15 years$3,629$3,106$2,649$2,251$1,907$1,314
16 years$3,367$2,850$2,402$2,016$1,686$1,126
17 years$3,136$2,625$2,185$1,811$1,495$969
18 years$2,931$2,425$1,995$1,632$1,329$835
19 years$2,748$2,248$1,826$1,475$1,185$721
20 years$2,583$2,089$1,676$1,336$1,058$624
21 years$2,434$1,946$1,542$1,212$947$540
22 years$2,299$1,816$1,421$1,102$849$468
23 years$2,176$1,699$1,312$1,004$762$407
24 years$2,063$1,592$1,213$916$685$353
25 years$1,959$1,494$1,124$836$616$307
26 years$1,864$1,404$1,042$764$555$267
27 years$1,776$1,321$968$700$500$233
28 years$1,694$1,245$900$641$452$203
29 years$1,618$1,174$837$588$408$177
30 years$1,547$1,109$780$540$368$154
31 years$1,481$1,048$727$496$333$134
32 years$1,419$992$678$455$301$117
33 years$1,361$939$633$419$273$102
34 years$1,307$890$592$385$247$89
35 years$1,255$845$553$355$224$78
36 years$1,207$802$518$327$203$68
37 years$1,161$761$484$301$184$59
38 years$1,118$724$454$277$166$52
39 years$1,078$688$425$256$151$45
40 years$1,039$655$398$236$137$40
41 years$1,002$623$374$218$124$35
42 years$968$593$350$201$113$30
43 years$934$565$329$185$102$26
44 years$903$539$309$171$93$23
45 years$873$514$290$158$84$20
46 years$844$490$272$146$77$18
47 years$817$468$256$135$70$15
48 years$791$447$240$125$63$13
49 years$766$427$226$115$57$12
50 years$742$407$212$107$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $760,000, adding $5,067 every year, while hoping to spend $51,010 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: 57/37/6 Blend
39$760,000$760,000$760,000$760,000
40$842,747$802,467$790,687$889,446
41$874,433$787,513$762,900$906,480
42$907,641$770,117$732,474$918,834
43$942,473$750,106$699,264$931,025
44$979,039$727,295$663,123$943,041
45$1,017,458$701,489$623,895$954,872
46$1,057,860$672,484$581,417$966,510
47$1,100,387$640,061$535,520$977,949
48$1,145,193$603,990$486,026$989,185
49$1,192,444$564,028$432,750$1,000,218
50$1,242,325$519,916$375,498$1,011,050
51$1,295,032$471,383$314,068$1,021,688
52$1,350,785$418,140$248,248$1,032,145
53$1,409,820$359,883$177,819$1,042,437
54$1,472,396$296,292$102,551$1,052,588
55$1,538,796$227,026$22,202$1,062,630
56$1,609,330$151,726$0$1,072,603
57$1,684,335$70,015$0$1,086,624
58$1,764,183$0$0$1,102,467
59$1,849,280$0$0$1,126,335
60$1,940,068$0$0$1,182,252
61$2,037,034$0$0$1,242,014
62$2,140,713$0$0$1,305,957
63$2,251,687$0$0$1,374,445
64$2,370,598$0$0$1,447,880
65$2,498,149$0$0$1,526,703
66$2,635,112$0$0$1,611,396
67$2,782,332$0$0$1,702,491
68$2,940,740$0$0$1,800,569
69$3,111,356$0$0$1,906,271
70$3,295,300$0$0$2,020,298
71$3,493,804$0$0$2,143,424
72$3,708,221$0$0$2,276,496
73$3,940,036$0$0$2,420,446
74$4,190,885$0$0$2,576,298
75$4,462,562$0$0$2,745,181
76$4,757,043$0$0$2,928,331
77$5,076,499$0$0$3,127,112
78$5,423,318$0$0$3,343,021
79$5,800,126$0$0$3,577,706
80$6,209,813$0$0$3,832,981
81$6,655,558$0$0$4,110,840
82$7,140,858$0$0$4,413,478
83$7,669,560$0$0$4,743,310
84$8,245,901$0$0$5,102,994
85$8,874,541$0$0$5,495,456
86$9,560,611$0$0$5,923,915
87$10,309,757$0$0$6,391,917
88$11,128,195$0$0$6,903,363
89$12,022,770$0$0$7,462,550
90$13,001,016$0$0$8,074,208
91$14,071,228$0$0$8,743,546
92$15,242,542$0$0$9,476,297
93$16,525,015$0$0$10,278,778
94$17,929,724$0$0$11,157,942
95$19,468,866$0$0$12,121,450
96$21,155,876$0$0$13,177,735
97$23,005,548$0$0$14,336,088
98$25,034,178$0$0$15,606,741
99$27,259,713$0$0$17,000,964
100$29,701,922$0$0$18,531,172