Can I retire at age 40 with 667,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$55,080$54,590$54,111$53,644$53,188$51,485
2 years$27,267$26,760$26,267$25,790$25,327$23,628
3 years$17,998$17,488$16,997$16,524$16,069$14,425
4 years$13,364$12,855$12,369$11,905$11,460$9,886
5 years$10,584$10,079$9,599$9,144$8,712$7,211
6 years$8,732$8,230$7,757$7,312$6,893$5,467
7 years$7,409$6,912$6,447$6,012$5,606$4,254
8 years$6,417$5,924$5,467$5,043$4,651$3,371
9 years$5,647$5,158$4,709$4,296$3,917$2,709
10 years$5,030$4,547$4,105$3,703$3,337$2,200
11 years$4,526$4,048$3,614$3,223$2,870$1,800
12 years$4,107$3,633$3,208$2,827$2,487$1,483
13 years$3,752$3,283$2,866$2,496$2,169$1,228
14 years$3,448$2,984$2,575$2,215$1,901$1,021
15 years$3,185$2,726$2,325$1,976$1,674$852
16 years$2,955$2,501$2,108$1,769$1,479$712
17 years$2,752$2,304$1,918$1,589$1,312$597
18 years$2,572$2,129$1,751$1,432$1,166$502
19 years$2,412$1,973$1,603$1,294$1,040$422
20 years$2,267$1,833$1,471$1,172$929$355
21 years$2,136$1,708$1,353$1,064$831$300
22 years$2,018$1,594$1,247$967$745$253
23 years$1,910$1,491$1,151$881$669$214
24 years$1,811$1,397$1,065$803$601$181
25 years$1,720$1,311$986$734$541$153
26 years$1,636$1,232$915$671$487$129
27 years$1,558$1,159$849$614$439$109
28 years$1,487$1,093$790$563$396$93
29 years$1,420$1,031$735$516$358$78
30 years$1,358$973$684$474$323$66
31 years$1,300$920$638$435$292$56
32 years$1,245$871$595$400$264$48
33 years$1,194$824$556$368$239$40
34 years$1,147$781$519$338$217$34
35 years$1,102$741$486$311$196$29
36 years$1,059$703$454$287$178$25
37 years$1,019$668$425$264$161$21
38 years$982$635$398$243$146$18
39 years$946$604$373$225$132$15
40 years$912$574$350$207$120$13
41 years$880$547$328$191$109$11
42 years$849$521$308$176$99$9
43 years$820$496$289$163$90$8
44 years$792$473$271$150$81$7
45 years$766$451$254$139$74$6
46 years$741$430$239$128$67$5
47 years$717$411$224$118$61$4
48 years$694$392$211$109$55$3
49 years$672$374$198$101$50$3
50 years$651$358$186$93$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $667,000, adding $5,601 every year, while hoping to spend $43,111 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: 51/33/16 Blend
39$667,000$667,000$667,000$667,000
40$740,811$705,460$695,122$775,081
41$770,504$694,158$672,539$787,920
42$801,781$680,857$647,754$796,902
43$834,758$665,414$620,649$805,717
44$869,561$647,677$591,098$814,364
45$906,328$627,485$558,972$822,842
46$945,209$604,668$524,133$831,155
47$986,369$579,045$486,440$839,309
48$1,029,987$550,427$445,745$847,315
49$1,076,259$518,611$401,890$855,187
50$1,125,399$483,384$354,715$862,945
51$1,177,641$444,521$304,049$870,616
52$1,233,241$401,784$249,716$878,230
53$1,292,480$354,920$191,530$885,828
54$1,355,665$303,663$129,298$893,460
55$1,423,133$247,732$62,819$901,183
56$1,495,252$186,830$0$909,066
57$1,572,426$120,644$0$918,581
58$1,655,099$48,840$0$939,971
59$1,743,756$0$0$962,652
60$1,838,931$0$0$997,300
61$1,941,209$0$0$1,053,642
62$2,051,234$0$0$1,114,301
63$2,169,709$0$0$1,179,673
64$2,297,410$0$0$1,250,191
65$2,435,188$0$0$1,326,334
66$2,583,977$0$0$1,408,624
67$2,744,806$0$0$1,497,639
68$2,918,803$0$0$1,594,012
69$3,107,210$0$0$1,698,438
70$3,311,390$0$0$1,811,683
71$3,532,846$0$0$1,934,590
72$3,773,226$0$0$2,068,084
73$4,034,346$0$0$2,213,183
74$4,318,202$0$0$2,371,009
75$4,626,991$0$0$2,542,793
76$4,963,128$0$0$2,729,893
77$5,329,273$0$0$2,933,800
78$5,728,352$0$0$3,156,158
79$6,163,586$0$0$3,398,774
80$6,638,517$0$0$3,663,638
81$7,157,049$0$0$3,952,942
82$7,723,475$0$0$4,269,097
83$8,342,523$0$0$4,614,757
84$9,019,398$0$0$4,992,847
85$9,759,832$0$0$5,406,584
86$10,570,134$0$0$5,859,513
87$11,457,254$0$0$6,355,537
88$12,428,842$0$0$6,898,953
89$13,493,325$0$0$7,494,495
90$14,659,982$0$0$8,147,376
91$15,939,035$0$0$8,863,336
92$17,341,738$0$0$9,648,700
93$18,880,490$0$0$10,510,431
94$20,568,946$0$0$11,456,203
95$22,422,148$0$0$12,494,465
96$24,456,665$0$0$13,634,526
97$26,690,747$0$0$14,886,641
98$29,144,500$0$0$16,262,105
99$31,840,072$0$0$17,773,363
100$34,801,861$0$0$19,434,124