Can I retire at age 40 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$62,925$62,365$61,818$61,284$60,763$59,585
2 years$31,151$30,571$30,009$29,464$28,935$27,753
3 years$20,561$19,978$19,418$18,878$18,357$17,208
4 years$15,267$14,686$14,131$13,600$13,093$11,985
5 years$12,092$11,514$10,966$10,446$9,953$8,890
6 years$9,975$9,402$8,862$8,354$7,875$6,859
7 years$8,464$7,896$7,365$6,868$6,405$5,434
8 years$7,331$6,768$6,246$5,762$5,313$4,389
9 years$6,451$5,893$5,380$4,908$4,475$3,595
10 years$5,747$5,194$4,690$4,230$3,813$2,978
11 years$5,171$4,624$4,129$3,682$3,279$2,488
12 years$4,692$4,151$3,664$3,229$2,841$2,093
13 years$4,286$3,751$3,274$2,851$2,478$1,770
14 years$3,939$3,409$2,942$2,531$2,172$1,505
15 years$3,639$3,115$2,656$2,257$1,912$1,283
16 years$3,376$2,858$2,408$2,021$1,690$1,098
17 years$3,144$2,632$2,191$1,816$1,499$942
18 years$2,939$2,432$2,000$1,636$1,333$810
19 years$2,755$2,254$1,831$1,479$1,188$698
20 years$2,590$2,094$1,680$1,339$1,061$603
21 years$2,441$1,951$1,546$1,215$949$521
22 years$2,305$1,821$1,425$1,105$851$451
23 years$2,181$1,703$1,315$1,006$764$390
24 years$2,068$1,596$1,217$918$687$338
25 years$1,965$1,497$1,127$838$618$294
26 years$1,869$1,407$1,045$766$557$255
27 years$1,780$1,325$970$702$502$221
28 years$1,698$1,248$902$643$453$192
29 years$1,622$1,177$839$589$409$167
30 years$1,551$1,112$782$541$369$145
31 years$1,485$1,051$729$497$334$127
32 years$1,423$995$680$457$302$110
33 years$1,365$942$635$420$273$96
34 years$1,310$893$593$386$248$83
35 years$1,259$847$555$356$224$73
36 years$1,210$804$519$328$203$63
37 years$1,165$763$486$302$184$55
38 years$1,121$725$455$278$167$48
39 years$1,080$690$426$256$151$42
40 years$1,042$656$399$237$137$36
41 years$1,005$625$375$218$125$32
42 years$970$595$351$201$113$28
43 years$937$567$330$186$103$24
44 years$905$540$309$172$93$21
45 years$875$515$291$159$85$18
46 years$847$492$273$146$77$16
47 years$819$469$256$135$70$14
48 years$793$448$241$125$63$12
49 years$768$428$226$116$57$11
50 years$744$409$213$107$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $762,000, adding $5,703 every year, while hoping to spend $50,469 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: 68/17/15 Blend
39$762,000$762,000$762,000$762,000
40$845,607$805,221$793,410$899,771
41$878,160$790,978$766,290$922,349
42$912,342$774,346$736,571$940,530
43$948,266$755,154$704,111$959,140
44$986,055$733,221$668,764$978,215
45$1,025,841$708,358$630,377$997,798
46$1,067,771$680,362$588,788$1,017,937
47$1,112,002$649,018$543,831$1,038,687
48$1,158,708$614,101$495,331$1,060,109
49$1,208,075$575,372$443,104$1,082,274
50$1,260,311$532,577$386,960$1,105,261
51$1,315,638$485,449$326,699$1,129,160
52$1,374,302$433,705$262,112$1,154,071
53$1,436,571$377,046$192,983$1,180,109
54$1,502,737$315,157$119,083$1,207,401
55$1,573,120$247,704$40,177$1,236,092
56$1,648,072$174,335$0$1,266,342
57$1,727,974$94,677$0$1,305,381
58$1,813,249$8,337$0$1,353,684
59$1,904,356$0$0$1,405,087
60$2,001,799$0$0$1,475,806
61$2,106,133$0$0$1,553,225
62$2,217,963$0$0$1,636,238
63$2,337,956$0$0$1,725,343
64$2,466,842$0$0$1,821,086
65$2,605,421$0$0$1,924,067
66$2,754,576$0$0$2,034,944
67$2,915,271$0$0$2,154,442
68$3,088,568$0$0$2,283,355
69$3,275,634$0$0$2,422,555
70$3,477,749$0$0$2,573,002
71$3,696,323$0$0$2,735,750
72$3,932,902$0$0$2,911,958
73$4,189,188$0$0$3,102,899
74$4,467,051$0$0$3,309,976
75$4,768,550$0$0$3,534,727
76$5,095,946$0$0$3,778,847
77$5,451,728$0$0$4,044,201
78$5,838,634$0$0$4,332,838
79$6,259,675$0$0$4,647,014
80$6,718,166$0$0$4,989,210
81$7,217,753$0$0$5,362,160
82$7,762,449$0$0$5,768,868
83$8,356,672$0$0$6,212,642
84$9,005,282$0$0$6,697,125
85$9,713,632$0$0$7,226,326
86$10,487,613$0$0$7,804,656
87$11,333,710$0$0$8,436,976
88$12,259,065$0$0$9,128,634
89$13,271,539$0$0$9,885,521
90$14,379,790$0$0$10,714,121
91$15,593,352$0$0$11,621,578
92$16,922,721$0$0$12,615,755
93$18,379,460$0$0$13,705,315
94$19,976,301$0$0$14,899,797
95$21,727,267$0$0$16,209,707
96$23,647,803$0$0$17,646,617
97$25,754,921$0$0$19,223,273
98$28,067,358$0$0$20,953,713
99$30,605,756$0$0$22,853,403
100$33,392,849$0$0$24,939,377