Can I retire at age 40 with 669,000?

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 $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%11.3%
1 years$55,245$54,753$54,273$53,805$53,347$53,055
2 years$27,349$26,840$26,346$25,868$25,403$25,109
3 years$18,052$17,540$17,048$16,574$16,117$15,829
4 years$13,404$12,894$12,406$11,940$11,495$11,216
5 years$10,616$10,109$9,628$9,171$8,738$8,468
6 years$8,758$8,255$7,781$7,334$6,914$6,654
7 years$7,431$6,932$6,466$6,030$5,623$5,373
8 years$6,437$5,942$5,484$5,058$4,665$4,425
9 years$5,664$5,174$4,723$4,309$3,929$3,699
10 years$5,045$4,560$4,118$3,714$3,347$3,127
11 years$4,540$4,060$3,625$3,232$2,879$2,668
12 years$4,119$3,644$3,217$2,835$2,495$2,294
13 years$3,763$3,293$2,874$2,503$2,175$1,984
14 years$3,458$2,993$2,583$2,222$1,907$1,725
15 years$3,195$2,734$2,332$1,982$1,679$1,505
16 years$2,964$2,509$2,114$1,774$1,484$1,319
17 years$2,761$2,311$1,924$1,594$1,316$1,159
18 years$2,580$2,135$1,756$1,437$1,170$1,021
19 years$2,419$1,979$1,608$1,298$1,043$902
20 years$2,274$1,839$1,475$1,176$931$798
21 years$2,143$1,713$1,357$1,067$834$708
22 years$2,024$1,599$1,251$970$747$628
23 years$1,915$1,495$1,155$884$671$559
24 years$1,816$1,401$1,068$806$603$497
25 years$1,725$1,315$989$736$542$443
26 years$1,641$1,236$917$673$489$395
27 years$1,563$1,163$852$616$441$353
28 years$1,491$1,096$792$564$397$315
29 years$1,424$1,034$737$518$359$281
30 years$1,362$976$686$475$324$252
31 years$1,304$923$640$436$293$225
32 years$1,249$873$597$401$265$202
33 years$1,198$827$558$369$240$180
34 years$1,150$784$521$339$217$162
35 years$1,105$743$487$312$197$145
36 years$1,063$706$456$288$178$130
37 years$1,022$670$426$265$162$116
38 years$985$637$399$244$147$104
39 years$949$606$374$225$133$94
40 years$915$576$351$208$121$84
41 years$882$548$329$192$109$75
42 years$852$522$308$177$99$68
43 years$823$498$289$163$90$61
44 years$795$474$272$151$82$54
45 years$768$452$255$139$74$49
46 years$743$432$240$129$67$44
47 years$719$412$225$119$61$39
48 years$696$393$212$110$56$35
49 years$674$375$199$101$50$32
50 years$653$359$187$94$46$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $669,000, adding $4,486 every year, while hoping to spend $22,064 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: 46/48/6 Blend
39$669,000$669,000$669,000$669,000
40$741,865$706,408$696,039$774,583
41$794,060$717,546$695,880$808,676
42$850,838$728,491$694,977$842,967
43$912,646$739,209$693,280$879,645
44$979,970$749,665$690,740$918,937
45$1,053,351$759,822$687,303$961,095
46$1,133,379$769,639$682,914$1,006,395
47$1,220,706$779,074$677,515$1,055,141
48$1,316,050$788,081$671,043$1,107,671
49$1,420,200$796,610$663,436$1,164,357
50$1,534,026$804,609$654,627$1,225,607
51$1,658,485$812,023$644,545$1,291,876
52$1,794,630$818,792$633,116$1,363,664
53$1,943,621$824,852$620,265$1,441,520
54$2,106,737$830,136$605,910$1,526,055
55$2,285,384$834,572$589,968$1,617,940
56$2,481,111$838,084$572,350$1,717,917
57$2,695,625$840,591$552,964$1,826,804
58$2,930,805$842,006$531,715$1,945,504
59$3,188,720$842,237$508,500$2,075,014
60$3,471,650$841,188$483,216$2,216,434
61$3,782,106$838,753$455,751$2,370,978
62$4,122,854$834,825$425,991$2,539,986
63$4,496,939$829,286$393,816$2,724,936
64$4,907,718$822,012$359,100$2,927,459
65$5,358,887$812,873$321,712$3,149,354
66$5,854,519$801,729$281,515$3,392,609
67$6,399,100$788,433$238,366$3,659,414
68$6,997,571$772,830$192,114$3,952,187
69$7,655,379$754,754$142,605$4,273,594
70$8,378,520$734,029$89,675$4,626,580
71$9,173,604$710,472$33,154$5,014,389
72$10,047,912$683,885$0$5,440,603
73$11,009,465$654,061$0$5,910,912
74$12,067,101$620,781$0$6,430,312
75$13,230,558$583,812$0$7,001,499
76$14,510,565$542,909$0$7,629,787
77$15,918,943$497,812$0$8,321,038
78$17,468,718$448,247$0$9,081,716
79$19,174,239$393,924$0$9,918,950
80$21,051,321$334,535$0$10,840,603
81$23,117,387$269,758$0$11,855,342
82$25,391,634$199,250$0$12,972,728
83$27,895,217$122,650$0$14,203,302
84$30,651,445$39,576$0$15,558,688
85$33,686,002$0$0$17,051,703
86$37,027,190$0$0$18,723,087
87$40,706,193$0$0$20,586,575
88$44,757,374$0$0$22,638,681
89$49,218,600$0$0$24,898,599
90$54,131,593$0$0$27,387,478
91$59,542,332$0$0$30,128,623
92$65,501,479$0$0$33,147,715
93$72,064,863$0$0$36,473,052
94$79,294,003$0$0$40,135,818
95$87,256,688$0$0$44,170,376
96$96,027,620$0$0$48,614,591
97$105,689,116$0$0$53,510,189
98$116,331,885$0$0$58,903,150
99$128,055,885$0$0$64,844,144
100$140,971,264$0$0$71,389,005