Can I retire at age 40 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$63,090$62,528$61,980$61,445$60,922$60,513
2 years$31,233$30,651$30,087$29,541$29,011$28,598
3 years$20,615$20,031$19,469$18,927$18,406$18,002
4 years$15,307$14,725$14,168$13,636$13,127$12,736
5 years$12,123$11,544$10,995$10,474$9,979$9,601
6 years$10,001$9,427$8,886$8,376$7,896$7,532
7 years$8,486$7,917$7,384$6,886$6,422$6,072
8 years$7,351$6,786$6,262$5,777$5,327$4,992
9 years$6,468$5,908$5,394$4,920$4,486$4,165
10 years$5,762$5,208$4,702$4,242$3,823$3,516
11 years$5,185$4,636$4,140$3,691$3,288$2,994
12 years$4,704$4,161$3,674$3,238$2,849$2,569
13 years$4,298$3,761$3,282$2,859$2,484$2,218
14 years$3,950$3,418$2,949$2,537$2,178$1,924
15 years$3,648$3,123$2,663$2,263$1,917$1,676
16 years$3,385$2,865$2,414$2,026$1,695$1,466
17 years$3,153$2,639$2,197$1,821$1,503$1,285
18 years$2,946$2,438$2,005$1,641$1,336$1,130
19 years$2,762$2,260$1,836$1,483$1,191$996
20 years$2,597$2,100$1,685$1,343$1,064$880
21 years$2,447$1,956$1,550$1,219$952$778
22 years$2,311$1,826$1,428$1,108$853$689
23 years$2,187$1,708$1,319$1,009$766$611
24 years$2,074$1,600$1,220$920$688$543
25 years$1,970$1,501$1,130$840$619$483
26 years$1,874$1,411$1,048$769$558$429
27 years$1,785$1,328$973$703$503$382
28 years$1,703$1,251$904$644$454$341
29 years$1,626$1,181$842$591$410$304
30 years$1,555$1,115$784$542$370$271
31 years$1,489$1,054$731$498$335$242
32 years$1,427$997$682$458$303$216
33 years$1,368$944$637$421$274$193
34 years$1,313$895$595$387$248$172
35 years$1,262$849$556$357$225$154
36 years$1,213$806$520$328$204$138
37 years$1,168$765$487$303$185$123
38 years$1,124$727$456$279$167$110
39 years$1,083$692$427$257$152$99
40 years$1,045$658$400$237$138$88
41 years$1,008$626$376$219$125$79
42 years$973$597$352$202$113$71
43 years$939$568$331$186$103$63
44 years$908$542$310$172$93$57
45 years$878$517$291$159$85$51
46 years$849$493$274$147$77$45
47 years$821$470$257$136$70$41
48 years$795$449$242$125$63$36
49 years$770$429$227$116$58$33
50 years$746$410$213$107$52$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $764,000, adding $2,725 every year, while hoping to spend $47,046 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: 42/50/8 Blend
39$764,000$764,000$764,000$764,000
40$844,739$804,247$792,405$878,126
41$880,846$793,598$768,894$891,010
42$919,059$780,851$743,018$899,982
43$959,543$765,853$714,650$908,621
44$1,002,479$748,443$683,653$916,916
45$1,048,063$728,448$649,887$924,857
46$1,096,513$705,689$613,205$932,437
47$1,148,063$679,973$573,454$939,650
48$1,202,971$651,099$530,471$946,499
49$1,261,522$618,850$484,089$952,986
50$1,324,023$583,000$434,132$959,122
51$1,390,816$543,309$380,418$964,923
52$1,462,271$499,523$322,753$970,412
53$1,538,797$451,373$260,940$975,622
54$1,620,840$398,577$194,767$980,592
55$1,708,892$340,834$124,019$985,376
56$1,803,492$277,827$48,466$990,037
57$1,905,230$209,222$0$994,654
58$2,014,755$134,666$0$1,002,068
59$2,132,780$53,785$0$1,014,239
60$2,260,088$0$0$1,027,181
61$2,397,540$0$0$1,059,680
62$2,546,079$0$0$1,126,855
63$2,706,745$0$0$1,199,593
64$2,880,680$0$0$1,278,421
65$3,069,138$0$0$1,363,918
66$3,273,499$0$0$1,456,722
67$3,495,282$0$0$1,557,533
68$3,736,154$0$0$1,667,121
69$3,997,953$0$0$1,786,335
70$4,282,698$0$0$1,916,108
71$4,592,611$0$0$2,057,466
72$4,930,137$0$0$2,211,539
73$5,297,966$0$0$2,379,570
74$5,699,061$0$0$2,562,928
75$6,136,679$0$0$2,763,118
76$6,614,407$0$0$2,981,799
77$7,136,196$0$0$3,220,795
78$7,706,391$0$0$3,482,118
79$8,329,779$0$0$3,767,978
80$9,011,628$0$0$4,080,813
81$9,757,741$0$0$4,423,305
82$10,574,505$0$0$4,798,407
83$11,468,956$0$0$5,209,374
84$12,448,840$0$0$5,659,788
85$13,522,689$0$0$6,153,594
86$14,699,898$0$0$6,695,138
87$15,990,817$0$0$7,289,207
88$17,406,842$0$0$7,941,073
89$18,960,528$0$0$8,656,543
90$20,665,703$0$0$9,442,013
91$22,537,599$0$0$10,304,530
92$24,592,994$0$0$11,251,855
93$26,850,371$0$0$12,292,540
94$29,330,091$0$0$13,436,005
95$32,054,583$0$0$14,692,626
96$35,048,557$0$0$16,073,836
97$38,339,235$0$0$17,592,230
98$41,956,607$0$0$19,261,685
99$45,933,715$0$0$21,097,488
100$50,306,961$0$0$23,116,483