Can I retire at age 40 with 667,000?

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 $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%11.5%
1 years$55,080$54,590$54,111$53,644$53,188$52,852
2 years$27,267$26,760$26,267$25,790$25,327$24,989
3 years$17,998$17,488$16,997$16,524$16,069$15,738
4 years$13,364$12,855$12,369$11,905$11,460$11,140
5 years$10,584$10,079$9,599$9,144$8,712$8,403
6 years$8,732$8,230$7,757$7,312$6,893$6,596
7 years$7,409$6,912$6,447$6,012$5,606$5,320
8 years$6,417$5,924$5,467$5,043$4,651$4,376
9 years$5,647$5,158$4,709$4,296$3,917$3,653
10 years$5,030$4,547$4,105$3,703$3,337$3,085
11 years$4,526$4,048$3,614$3,223$2,870$2,629
12 years$4,107$3,633$3,208$2,827$2,487$2,258
13 years$3,752$3,283$2,866$2,496$2,169$1,950
14 years$3,448$2,984$2,575$2,215$1,901$1,693
15 years$3,185$2,726$2,325$1,976$1,674$1,476
16 years$2,955$2,501$2,108$1,769$1,479$1,291
17 years$2,752$2,304$1,918$1,589$1,312$1,133
18 years$2,572$2,129$1,751$1,432$1,166$997
19 years$2,412$1,973$1,603$1,294$1,040$879
20 years$2,267$1,833$1,471$1,172$929$777
21 years$2,136$1,708$1,353$1,064$831$688
22 years$2,018$1,594$1,247$967$745$610
23 years$1,910$1,491$1,151$881$669$541
24 years$1,811$1,397$1,065$803$601$481
25 years$1,720$1,311$986$734$541$428
26 years$1,636$1,232$915$671$487$381
27 years$1,558$1,159$849$614$439$340
28 years$1,487$1,093$790$563$396$303
29 years$1,420$1,031$735$516$358$270
30 years$1,358$973$684$474$323$241
31 years$1,300$920$638$435$292$215
32 years$1,245$871$595$400$264$193
33 years$1,194$824$556$368$239$172
34 years$1,147$781$519$338$217$154
35 years$1,102$741$486$311$196$138
36 years$1,059$703$454$287$178$123
37 years$1,019$668$425$264$161$110
38 years$982$635$398$243$146$99
39 years$946$604$373$225$132$88
40 years$912$574$350$207$120$79
41 years$880$547$328$191$109$71
42 years$849$521$308$176$99$63
43 years$820$496$289$163$90$57
44 years$792$473$271$150$81$51
45 years$766$451$254$139$74$46
46 years$741$430$239$128$67$41
47 years$717$411$224$118$61$37
48 years$694$392$211$109$55$33
49 years$672$374$198$101$50$29
50 years$651$358$186$93$46$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $667,000, adding $6,164 every year, while hoping to spend $27,503 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: 68/22/10 Blend
39$667,000$667,000$667,000$667,000
40$741,392$706,041$695,703$789,880
41$787,751$711,374$689,746$828,209
42$837,917$716,047$682,667$866,225
43$892,249$719,997$674,401$907,076
44$951,142$723,161$664,877$951,035
45$1,015,031$725,468$654,023$998,406
46$1,084,392$726,844$641,761$1,049,520
47$1,159,752$727,212$628,012$1,104,746
48$1,241,689$726,487$612,692$1,164,488
49$1,330,837$724,581$595,714$1,229,193
50$1,427,898$721,401$576,985$1,299,356
51$1,533,640$716,846$556,411$1,375,519
52$1,648,911$710,811$533,890$1,458,283
53$1,774,643$703,184$509,318$1,548,310
54$1,911,862$693,845$482,586$1,646,330
55$2,061,698$682,670$453,579$1,753,149
56$2,225,394$669,523$422,177$1,869,656
57$2,404,319$654,265$388,255$1,996,831
58$2,599,981$636,746$351,683$2,135,756
59$2,814,039$616,806$312,324$2,287,623
60$3,048,319$594,278$270,035$2,453,748
61$3,304,835$568,984$224,668$2,635,584
62$3,585,801$540,738$176,068$2,834,730
63$3,893,658$509,339$124,071$3,052,953
64$4,231,092$474,577$68,508$3,292,200
65$4,601,063$436,232$9,204$3,554,621
66$5,006,831$394,067$0$3,842,583
67$5,451,986$347,834$0$4,164,472
68$5,940,483$297,272$0$4,518,822
69$6,476,676$242,102$0$4,907,849
70$7,065,364$182,032$0$5,335,082
71$7,711,833$116,753$0$5,804,410
72$8,421,904$45,939$0$6,320,120
73$9,201,991$0$0$6,886,938
74$10,059,161$0$0$7,517,522
75$11,001,197$0$0$8,222,803
76$12,036,674$0$0$8,998,086
77$13,175,041$0$0$9,850,448
78$14,426,706$0$0$10,787,690
79$15,803,137$0$0$11,818,404
80$17,316,968$0$0$12,952,058
81$18,982,120$0$0$14,199,082
82$20,813,931$0$0$15,570,969
83$22,829,299$0$0$17,080,381
84$25,046,843$0$0$18,741,271
85$27,487,080$0$0$20,569,009
86$30,172,612$0$0$22,580,535
87$33,128,346$0$0$24,794,512
88$36,381,727$0$0$27,231,503
89$39,962,992$0$0$29,914,167
90$43,905,462$0$0$32,867,473
91$48,245,851$0$0$36,118,930
92$53,024,613$0$0$39,698,854
93$58,286,326$0$0$43,640,648
94$64,080,110$0$0$47,981,119
95$70,460,089$0$0$52,760,825
96$77,485,907$0$0$58,024,458
97$85,223,283$0$0$63,821,266
98$93,744,637$0$0$70,205,516
99$103,129,769$0$0$77,237,005
100$113,466,614$0$0$84,981,627