Can I retire at age 40 with 668,000?

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 $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%11.6%
1 years$55,163$54,671$54,192$53,724$53,267$52,909
2 years$27,308$26,800$26,307$25,829$25,365$25,004
3 years$18,025$17,514$17,022$16,549$16,093$15,740
4 years$13,384$12,875$12,388$11,923$11,478$11,136
5 years$10,600$10,094$9,613$9,158$8,725$8,395
6 years$8,745$8,242$7,769$7,323$6,904$6,586
7 years$7,420$6,922$6,456$6,021$5,615$5,309
8 years$6,427$5,933$5,475$5,051$4,658$4,365
9 years$5,655$5,166$4,716$4,302$3,923$3,642
10 years$5,038$4,554$4,111$3,709$3,342$3,074
11 years$4,533$4,054$3,620$3,228$2,874$2,618
12 years$4,113$3,639$3,212$2,831$2,491$2,246
13 years$3,758$3,288$2,870$2,499$2,172$1,939
14 years$3,453$2,989$2,579$2,219$1,904$1,682
15 years$3,190$2,730$2,328$1,979$1,677$1,466
16 years$2,959$2,505$2,111$1,772$1,482$1,281
17 years$2,756$2,307$1,921$1,592$1,314$1,124
18 years$2,576$2,132$1,753$1,435$1,168$988
19 years$2,415$1,976$1,605$1,296$1,041$871
20 years$2,270$1,836$1,473$1,174$930$769
21 years$2,139$1,710$1,355$1,065$832$680
22 years$2,021$1,596$1,249$969$746$603
23 years$1,912$1,493$1,153$882$670$535
24 years$1,813$1,399$1,066$805$602$475
25 years$1,722$1,313$988$735$542$422
26 years$1,638$1,234$916$672$488$375
27 years$1,561$1,161$851$615$440$334
28 years$1,489$1,094$791$564$397$298
29 years$1,422$1,032$736$517$358$266
30 years$1,360$975$685$474$324$237
31 years$1,302$922$639$436$293$211
32 years$1,247$872$596$400$265$189
33 years$1,196$826$557$368$240$169
34 years$1,148$783$520$339$217$151
35 years$1,103$742$486$312$197$135
36 years$1,061$705$455$287$178$120
37 years$1,021$669$426$265$161$108
38 years$983$636$399$244$146$96
39 years$947$605$374$225$133$86
40 years$913$575$350$207$120$77
41 years$881$548$328$191$109$69
42 years$850$522$308$177$99$62
43 years$821$497$289$163$90$55
44 years$794$474$271$151$82$49
45 years$767$452$255$139$74$44
46 years$742$431$239$128$67$40
47 years$718$411$225$119$61$36
48 years$695$393$211$110$55$32
49 years$673$375$199$101$50$28
50 years$652$358$187$94$46$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $668,000, adding $5,478 every year, while hoping to spend $52,019 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: 65/24/11 Blend
39$668,000$668,000$668,000$668,000
40$741,787$706,383$696,029$787,847
41$762,101$685,647$663,998$798,523
42$782,744$662,153$629,150$803,575
43$803,694$635,709$591,337$807,772
44$824,926$606,114$550,402$811,028
45$846,411$573,155$506,183$813,249
46$868,113$536,608$458,508$814,334
47$889,993$496,234$407,200$814,176
48$912,004$451,782$352,074$812,656
49$934,094$402,985$292,934$809,648
50$956,204$349,563$229,579$805,016
51$978,263$291,218$161,797$798,611
52$1,000,195$227,637$89,366$790,274
53$1,021,912$158,489$12,057$779,832
54$1,043,315$83,422$0$767,100
55$1,064,292$2,068$0$760,144
56$1,084,716$0$0$752,525
57$1,104,448$0$0$765,325
58$1,123,329$0$0$778,037
59$1,141,182$0$0$789,987
60$1,157,808$0$0$801,032
61$1,172,988$0$0$811,014
62$1,186,475$0$0$819,755
63$1,197,993$0$0$827,056
64$1,207,236$0$0$832,699
65$1,213,865$0$0$836,438
66$1,217,499$0$0$838,000
67$1,217,719$0$0$837,083
68$1,214,056$0$0$833,351
69$1,205,991$0$0$826,432
70$1,192,950$0$0$815,911
71$1,174,292$0$0$801,331
72$1,149,310$0$0$782,183
73$1,117,220$0$0$757,903
74$1,077,154$0$0$727,869
75$1,028,149$0$0$691,391
76$969,141$0$0$647,703
77$898,952$0$0$595,963
78$816,279$0$0$535,233
79$719,681$0$0$464,482
80$607,565$0$0$382,565
81$478,168$0$0$288,221
82$329,545$0$0$180,052
83$159,544$0$0$56,516
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0