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%15.9%
1 years$55,080$54,590$54,111$53,644$53,188$51,902
2 years$27,267$26,760$26,267$25,790$25,327$24,040
3 years$17,998$17,488$16,997$16,524$16,069$14,819
4 years$13,364$12,855$12,369$11,905$11,460$10,259
5 years$10,584$10,079$9,599$9,144$8,712$7,562
6 years$8,732$8,230$7,757$7,312$6,893$5,796
7 years$7,409$6,912$6,447$6,012$5,606$4,561
8 years$6,417$5,924$5,467$5,043$4,651$3,658
9 years$5,647$5,158$4,709$4,296$3,917$2,975
10 years$5,030$4,547$4,105$3,703$3,337$2,446
11 years$4,526$4,048$3,614$3,223$2,870$2,028
12 years$4,107$3,633$3,208$2,827$2,487$1,693
13 years$3,752$3,283$2,866$2,496$2,169$1,421
14 years$3,448$2,984$2,575$2,215$1,901$1,197
15 years$3,185$2,726$2,325$1,976$1,674$1,013
16 years$2,955$2,501$2,108$1,769$1,479$860
17 years$2,752$2,304$1,918$1,589$1,312$731
18 years$2,572$2,129$1,751$1,432$1,166$623
19 years$2,412$1,973$1,603$1,294$1,040$532
20 years$2,267$1,833$1,471$1,172$929$455
21 years$2,136$1,708$1,353$1,064$831$390
22 years$2,018$1,594$1,247$967$745$334
23 years$1,910$1,491$1,151$881$669$287
24 years$1,811$1,397$1,065$803$601$246
25 years$1,720$1,311$986$734$541$212
26 years$1,636$1,232$915$671$487$182
27 years$1,558$1,159$849$614$439$156
28 years$1,487$1,093$790$563$396$135
29 years$1,420$1,031$735$516$358$116
30 years$1,358$973$684$474$323$100
31 years$1,300$920$638$435$292$86
32 years$1,245$871$595$400$264$74
33 years$1,194$824$556$368$239$64
34 years$1,147$781$519$338$217$55
35 years$1,102$741$486$311$196$47
36 years$1,059$703$454$287$178$41
37 years$1,019$668$425$264$161$35
38 years$982$635$398$243$146$30
39 years$946$604$373$225$132$26
40 years$912$574$350$207$120$23
41 years$880$547$328$191$109$20
42 years$849$521$308$176$99$17
43 years$820$496$289$163$90$15
44 years$792$473$271$150$81$13
45 years$766$451$254$139$74$11
46 years$741$430$239$128$67$9
47 years$717$411$224$118$61$8
48 years$694$392$211$109$55$7
49 years$672$374$198$101$50$6
50 years$651$358$186$93$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $667,000, adding $4,377 every year, while hoping to spend $48,394 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: 39/31/30 Blend
39$667,000$667,000$667,000$667,000
40$739,549$704,198$693,859$761,679
41$763,492$687,213$665,613$761,329
42$788,255$667,773$634,798$756,202
43$813,872$645,708$601,278$749,752
44$840,375$620,836$564,909$741,891
45$867,801$592,966$525,542$732,525
46$896,189$561,893$483,020$721,556
47$925,579$527,404$437,179$708,882
48$956,012$489,271$387,849$694,393
49$987,534$447,255$334,851$677,976
50$1,020,193$401,100$277,999$659,512
51$1,054,039$350,541$217,098$638,874
52$1,089,126$295,292$151,945$615,930
53$1,125,510$235,054$82,328$590,542
54$1,163,251$169,511$8,026$562,565
55$1,202,415$98,330$0$531,845
56$1,243,070$21,157$0$521,036
57$1,285,289$0$0$511,383
58$1,329,151$0$0$521,497
59$1,374,738$0$0$539,523
60$1,422,140$0$0$558,279
61$1,471,454$0$0$577,806
62$1,522,782$0$0$598,146
63$1,576,234$0$0$619,344
64$1,631,929$0$0$641,451
65$1,689,995$0$0$664,520
66$1,750,570$0$0$688,606
67$1,813,801$0$0$713,774
68$1,879,849$0$0$740,089
69$1,948,887$0$0$767,623
70$2,021,102$0$0$796,455
71$2,096,695$0$0$826,670
72$2,175,886$0$0$858,360
73$2,258,913$0$0$891,624
74$2,346,032$0$0$926,571
75$2,437,524$0$0$963,319
76$2,533,693$0$0$1,001,995
77$2,634,868$0$0$1,042,740
78$2,741,409$0$0$1,085,705
79$2,853,708$0$0$1,131,055
80$2,972,190$0$0$1,178,970
81$3,097,321$0$0$1,229,649
82$3,229,608$0$0$1,283,305
83$3,369,602$0$0$1,340,174
84$3,517,910$0$0$1,400,511
85$3,675,190$0$0$1,464,597
86$3,842,163$0$0$1,532,739
87$4,019,620$0$0$1,605,272
88$4,208,421$0$0$1,682,563
89$4,409,513$0$0$1,765,015
90$4,623,929$0$0$1,853,069
91$4,852,802$0$0$1,947,206
92$5,097,372$0$0$2,047,957
93$5,359,001$0$0$2,155,902
94$5,639,179$0$0$2,271,677
95$5,939,543$0$0$2,395,982
96$6,261,886$0$0$2,529,582
97$6,608,179$0$0$2,673,319
98$6,980,582$0$0$2,828,118
99$7,381,468$0$0$2,994,993
100$7,813,445$0$0$3,175,060