Can I retire at age 40 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$55,245$54,753$54,273$53,805$53,347$52,142
2 years$27,349$26,840$26,346$25,868$25,403$24,196
3 years$18,052$17,540$17,048$16,574$16,117$14,945
4 years$13,404$12,894$12,406$11,940$11,495$10,367
5 years$10,616$10,109$9,628$9,171$8,738$7,657
6 years$8,758$8,255$7,781$7,334$6,914$5,882
7 years$7,431$6,932$6,466$6,030$5,623$4,639
8 years$6,437$5,942$5,484$5,058$4,665$3,729
9 years$5,664$5,174$4,723$4,309$3,929$3,041
10 years$5,045$4,560$4,118$3,714$3,347$2,506
11 years$4,540$4,060$3,625$3,232$2,879$2,083
12 years$4,119$3,644$3,217$2,835$2,495$1,743
13 years$3,763$3,293$2,874$2,503$2,175$1,467
14 years$3,458$2,993$2,583$2,222$1,907$1,240
15 years$3,195$2,734$2,332$1,982$1,679$1,052
16 years$2,964$2,509$2,114$1,774$1,484$895
17 years$2,761$2,311$1,924$1,594$1,316$764
18 years$2,580$2,135$1,756$1,437$1,170$653
19 years$2,419$1,979$1,608$1,298$1,043$559
20 years$2,274$1,839$1,475$1,176$931$480
21 years$2,143$1,713$1,357$1,067$834$412
22 years$2,024$1,599$1,251$970$747$354
23 years$1,915$1,495$1,155$884$671$305
24 years$1,816$1,401$1,068$806$603$263
25 years$1,725$1,315$989$736$542$226
26 years$1,641$1,236$917$673$489$195
27 years$1,563$1,163$852$616$441$169
28 years$1,491$1,096$792$564$397$146
29 years$1,424$1,034$737$518$359$126
30 years$1,362$976$686$475$324$109
31 years$1,304$923$640$436$293$94
32 years$1,249$873$597$401$265$81
33 years$1,198$827$558$369$240$70
34 years$1,150$784$521$339$217$61
35 years$1,105$743$487$312$197$52
36 years$1,063$706$456$288$178$45
37 years$1,022$670$426$265$162$39
38 years$985$637$399$244$147$34
39 years$949$606$374$225$133$29
40 years$915$576$351$208$121$25
41 years$882$548$329$192$109$22
42 years$852$522$308$177$99$19
43 years$823$498$289$163$90$16
44 years$795$474$272$151$82$14
45 years$768$452$255$139$74$12
46 years$743$432$240$129$67$11
47 years$719$412$225$119$61$9
48 years$696$393$212$110$56$8
49 years$674$375$199$101$50$7
50 years$653$359$187$94$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $669,000, adding $4,980 every year, while hoping to spend $45,948 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: 80/8/12 Blend
39$669,000$669,000$669,000$669,000
40$742,375$706,918$696,548$799,728
41$769,209$692,669$670,994$823,857
42$797,240$676,181$643,044$843,857
43$826,541$657,297$612,570$864,468
44$857,193$635,849$579,435$885,728
45$889,282$611,660$543,501$907,682
46$922,900$584,543$504,619$930,378
47$958,148$554,298$462,637$953,869
48$995,137$520,717$417,393$978,215
49$1,033,986$483,577$368,721$1,003,482
50$1,074,823$442,643$316,444$1,029,743
51$1,117,790$397,667$260,380$1,057,077
52$1,163,040$348,388$200,337$1,085,576
53$1,210,739$294,528$136,118$1,115,337
54$1,261,069$235,795$67,512$1,146,470
55$1,314,228$171,879$0$1,179,099
56$1,370,432$102,454$0$1,214,087
57$1,429,917$27,174$0$1,260,126
58$1,492,939$0$0$1,308,760
59$1,559,781$0$0$1,364,987
60$1,630,749$0$0$1,427,234
61$1,706,180$0$0$1,493,405
62$1,786,442$0$0$1,563,825
63$1,871,936$0$0$1,638,847
64$1,963,104$0$0$1,718,860
65$2,060,429$0$0$1,804,289
66$2,164,439$0$0$1,895,600
67$2,275,714$0$0$1,993,305
68$2,394,889$0$0$2,097,962
69$2,522,663$0$0$2,210,186
70$2,659,801$0$0$2,330,651
71$2,807,140$0$0$2,460,098
72$2,965,603$0$0$2,599,337
73$3,136,202$0$0$2,749,260
74$3,320,048$0$0$2,910,846
75$3,518,360$0$0$3,085,171
76$3,732,479$0$0$3,273,415
77$3,963,879$0$0$3,476,877
78$4,214,179$0$0$3,696,984
79$4,485,157$0$0$3,935,305
80$4,778,771$0$0$4,193,562
81$5,097,172$0$0$4,473,653
82$5,442,724$0$0$4,777,662
83$5,818,031$0$0$5,107,882
84$6,225,954$0$0$5,466,836
85$6,669,641$0$0$5,857,299
86$7,152,557$0$0$6,282,324
87$7,678,512$0$0$6,745,269
88$8,251,701$0$0$7,249,834
89$8,876,740$0$0$7,800,084
90$9,558,709$0$0$8,400,500
91$10,303,199$0$0$9,056,009
92$11,116,367$0$0$9,772,039
93$12,004,989$0$0$10,554,561
94$12,976,524$0$0$11,410,152
95$14,039,188$0$0$12,346,053
96$15,202,024$0$0$13,370,236
97$16,474,990$0$0$14,491,479
98$17,869,054$0$0$15,719,450
99$19,396,290$0$0$17,064,793
100$21,070,000$0$0$18,539,234