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%19.8%
1 years$55,080$54,590$54,111$53,644$53,188$51,097
2 years$27,267$26,760$26,267$25,790$25,327$23,247
3 years$17,998$17,488$16,997$16,524$16,069$14,064
4 years$13,364$12,855$12,369$11,905$11,460$9,546
5 years$10,584$10,079$9,599$9,144$8,712$6,894
6 years$8,732$8,230$7,757$7,312$6,893$5,172
7 years$7,409$6,912$6,447$6,012$5,606$3,981
8 years$6,417$5,924$5,467$5,043$4,651$3,120
9 years$5,647$5,158$4,709$4,296$3,917$2,478
10 years$5,030$4,547$4,105$3,703$3,337$1,988
11 years$4,526$4,048$3,614$3,223$2,870$1,607
12 years$4,107$3,633$3,208$2,827$2,487$1,307
13 years$3,752$3,283$2,866$2,496$2,169$1,068
14 years$3,448$2,984$2,575$2,215$1,901$876
15 years$3,185$2,726$2,325$1,976$1,674$721
16 years$2,955$2,501$2,108$1,769$1,479$595
17 years$2,752$2,304$1,918$1,589$1,312$492
18 years$2,572$2,129$1,751$1,432$1,166$407
19 years$2,412$1,973$1,603$1,294$1,040$338
20 years$2,267$1,833$1,471$1,172$929$280
21 years$2,136$1,708$1,353$1,064$831$233
22 years$2,018$1,594$1,247$967$745$194
23 years$1,910$1,491$1,151$881$669$161
24 years$1,811$1,397$1,065$803$601$134
25 years$1,720$1,311$986$734$541$112
26 years$1,636$1,232$915$671$487$93
27 years$1,558$1,159$849$614$439$78
28 years$1,487$1,093$790$563$396$65
29 years$1,420$1,031$735$516$358$54
30 years$1,358$973$684$474$323$45
31 years$1,300$920$638$435$292$38
32 years$1,245$871$595$400$264$31
33 years$1,194$824$556$368$239$26
34 years$1,147$781$519$338$217$22
35 years$1,102$741$486$311$196$18
36 years$1,059$703$454$287$178$15
37 years$1,019$668$425$264$161$13
38 years$982$635$398$243$146$11
39 years$946$604$373$225$132$9
40 years$912$574$350$207$120$7
41 years$880$547$328$191$109$6
42 years$849$521$308$176$99$5
43 years$820$496$289$163$90$4
44 years$792$473$271$150$81$4
45 years$766$451$254$139$74$3
46 years$741$430$239$128$67$2
47 years$717$411$224$118$61$2
48 years$694$392$211$109$55$2
49 years$672$374$198$101$50$1
50 years$651$358$186$93$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $667,000, adding $6,406 every year, while hoping to spend $35,246 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: 49/27/24 Blend
39$667,000$667,000$667,000$667,000
40$741,642$706,291$695,952$772,668
41$779,788$703,398$681,765$792,070
42$820,643$699,181$665,922$809,091
43$864,448$693,540$648,329$826,870
44$911,463$686,365$628,890$845,493
45$961,978$677,542$607,503$865,059
46$1,016,308$666,950$584,062$885,677
47$1,074,800$654,459$558,457$907,471
48$1,137,835$639,933$530,571$930,579
49$1,205,832$623,228$500,283$955,157
50$1,279,251$604,190$467,466$981,377
51$1,358,597$582,658$431,989$1,009,435
52$1,444,425$558,460$393,712$1,039,548
53$1,537,346$531,414$352,491$1,071,957
54$1,638,032$501,330$308,176$1,106,935
55$1,747,219$468,003$260,608$1,144,782
56$1,865,720$431,219$209,623$1,185,835
57$1,994,427$390,753$155,048$1,230,471
58$2,134,322$346,363$96,706$1,279,105
59$2,286,484$297,796$34,407$1,332,205
60$2,452,103$244,786$0$1,390,286
61$2,632,486$187,048$0$1,462,139
62$2,829,070$124,285$0$1,550,126
63$3,043,441$56,180$0$1,646,192
64$3,277,341$0$0$1,751,184
65$3,532,687$0$0$1,871,265
66$3,811,592$0$0$2,020,724
67$4,116,380$0$0$2,184,124
68$4,449,611$0$0$2,362,845
69$4,814,103$0$0$2,558,408
70$5,212,957$0$0$2,772,486
71$5,649,591$0$0$3,006,924
72$6,127,766$0$0$3,263,751
73$6,651,625$0$0$3,545,203
74$7,225,731$0$0$3,853,743
75$7,855,109$0$0$4,192,082
76$8,545,292$0$0$4,563,207
77$9,302,376$0$0$4,970,408
78$10,133,075$0$0$5,417,309
79$11,044,784$0$0$5,907,902
80$12,045,648$0$0$6,446,583
81$13,144,640$0$0$7,038,195
82$14,351,646$0$0$7,688,075
83$15,677,553$0$0$8,402,100
84$17,134,357$0$0$9,186,746
85$18,735,272$0$0$10,049,146
86$20,494,856$0$0$10,997,159
87$22,429,149$0$0$12,039,444
88$24,555,819$0$0$13,185,541
89$26,894,336$0$0$14,445,959
90$29,466,146$0$0$15,832,277
91$32,294,882$0$0$17,357,254
92$35,406,579$0$0$19,034,946
93$38,829,924$0$0$20,880,841
94$42,596,525$0$0$22,912,004
95$46,741,206$0$0$25,147,237
96$51,302,339$0$0$27,607,257
97$56,322,204$0$0$30,314,892
98$61,847,387$0$0$33,295,294
99$67,929,219$0$0$36,576,178
100$74,624,259$0$0$40,188,082