Can I retire at age 40 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$55,163$54,671$54,192$53,724$53,267$52,001
2 years$27,308$26,800$26,307$25,829$25,365$24,097
3 years$18,025$17,514$17,022$16,549$16,093$14,862
4 years$13,384$12,875$12,388$11,923$11,478$10,293
5 years$10,600$10,094$9,613$9,158$8,725$7,591
6 years$8,745$8,242$7,769$7,323$6,904$5,822
7 years$7,420$6,922$6,456$6,021$5,615$4,584
8 years$6,427$5,933$5,475$5,051$4,658$3,679
9 years$5,655$5,166$4,716$4,302$3,923$2,994
10 years$5,038$4,554$4,111$3,709$3,342$2,463
11 years$4,533$4,054$3,620$3,228$2,874$2,043
12 years$4,113$3,639$3,212$2,831$2,491$1,707
13 years$3,758$3,288$2,870$2,499$2,172$1,433
14 years$3,453$2,989$2,579$2,219$1,904$1,209
15 years$3,190$2,730$2,328$1,979$1,677$1,023
16 years$2,959$2,505$2,111$1,772$1,482$869
17 years$2,756$2,307$1,921$1,592$1,314$740
18 years$2,576$2,132$1,753$1,435$1,168$631
19 years$2,415$1,976$1,605$1,296$1,041$539
20 years$2,270$1,836$1,473$1,174$930$462
21 years$2,139$1,710$1,355$1,065$832$396
22 years$2,021$1,596$1,249$969$746$339
23 years$1,912$1,493$1,153$882$670$291
24 years$1,813$1,399$1,066$805$602$250
25 years$1,722$1,313$988$735$542$215
26 years$1,638$1,234$916$672$488$185
27 years$1,561$1,161$851$615$440$160
28 years$1,489$1,094$791$564$397$137
29 years$1,422$1,032$736$517$358$118
30 years$1,360$975$685$474$324$102
31 years$1,302$922$639$436$293$88
32 years$1,247$872$596$400$265$76
33 years$1,196$826$557$368$240$65
34 years$1,148$783$520$339$217$56
35 years$1,103$742$486$312$197$49
36 years$1,061$705$455$287$178$42
37 years$1,021$669$426$265$161$36
38 years$983$636$399$244$146$31
39 years$947$605$374$225$133$27
40 years$913$575$350$207$120$23
41 years$881$548$328$191$109$20
42 years$850$522$308$177$99$17
43 years$821$497$289$163$90$15
44 years$794$474$271$151$82$13
45 years$767$452$255$139$74$11
46 years$742$431$239$128$67$10
47 years$718$411$225$119$61$8
48 years$695$393$211$110$55$7
49 years$673$375$199$101$50$6
50 years$652$358$187$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $668,000, adding $6,187 every year, while hoping to spend $22,441 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: 74/10/16 Blend
39$668,000$668,000$668,000$668,000
40$742,518$707,114$696,760$794,354
41$794,378$717,885$696,224$840,280
42$850,775$728,433$694,919$887,226
43$912,149$738,721$692,793$938,070
44$978,983$748,713$689,797$993,193
45$1,051,809$758,369$685,874$1,053,016
46$1,131,211$767,647$680,969$1,118,002
47$1,217,834$776,501$675,021$1,188,662
48$1,312,387$784,883$667,968$1,265,558
49$1,415,649$792,742$659,744$1,349,311
50$1,528,480$800,021$650,280$1,440,604
51$1,651,826$806,663$639,505$1,540,190
52$1,786,728$812,605$627,344$1,648,900
53$1,934,331$817,780$613,717$1,767,648
54$2,095,899$822,117$598,543$1,897,443
55$2,272,821$825,541$581,735$2,039,396
56$2,466,628$827,972$563,202$2,194,731
57$2,679,006$829,325$542,851$2,364,801
58$2,911,811$829,508$520,583$2,551,091
59$3,167,088$828,426$496,295$2,755,244
60$3,447,089$825,976$469,878$2,979,066
61$3,754,294$822,051$441,221$3,224,551
62$4,091,435$816,535$410,205$3,493,896
63$4,461,522$809,306$376,707$3,789,521
64$4,867,870$800,234$340,600$4,114,094
65$5,314,130$789,183$301,748$4,470,559
66$5,804,326$776,008$260,011$4,862,155
67$6,342,888$760,553$215,242$5,292,458
68$6,934,700$742,657$167,290$5,765,406
69$7,585,138$722,147$115,993$6,285,341
70$8,300,129$698,839$61,185$6,857,047
71$9,086,200$672,540$2,693$7,485,800
72$9,950,543$643,045$0$8,177,412
73$10,901,082$610,138$0$8,948,489
74$11,946,547$573,589$0$9,797,049
75$13,096,557$533,156$0$10,730,451
76$14,361,708$488,583$0$11,757,309
77$15,753,678$439,600$0$12,887,117
78$17,285,331$385,918$0$14,130,336
79$18,970,844$327,237$0$15,498,493
80$20,825,835$263,237$0$17,004,293
81$22,867,514$193,579$0$18,661,734
82$25,114,844$117,908$0$20,486,241
83$27,588,718$35,846$0$22,494,815
84$30,312,161$0$0$24,706,187
85$33,310,542$0$0$27,146,835
86$36,611,813$0$0$29,838,413
87$40,246,777$0$0$32,802,093
88$44,249,374$0$0$36,065,553
89$48,657,006$0$0$39,659,292
90$53,510,884$0$0$43,616,917
91$58,856,419$0$0$47,975,460
92$64,743,652$0$0$52,775,727
93$71,227,726$0$0$58,062,684
94$78,369,402$0$0$63,885,882
95$86,235,637$0$0$70,299,921
96$94,900,213$0$0$77,364,969
97$104,444,436$0$0$85,147,328
98$114,957,897$0$0$93,720,057
99$126,539,326$0$0$103,163,668
100$139,297,516$0$0$113,566,878