Can I retire at age 40 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$55,328$54,835$54,354$53,885$53,427$52,348
2 years$27,390$26,880$26,386$25,906$25,441$24,359
3 years$18,079$17,566$17,073$16,598$16,141$15,089
4 years$13,424$12,913$12,425$11,958$11,512$10,499
5 years$10,632$10,124$9,642$9,185$8,751$7,779
6 years$8,771$8,267$7,792$7,345$6,924$5,995
7 years$7,442$6,943$6,476$6,039$5,631$4,745
8 years$6,446$5,951$5,492$5,066$4,672$3,828
9 years$5,672$5,182$4,730$4,315$3,934$3,132
10 years$5,053$4,567$4,124$3,720$3,352$2,591
11 years$4,547$4,066$3,630$3,237$2,883$2,162
12 years$4,125$3,649$3,222$2,839$2,498$1,816
13 years$3,769$3,298$2,879$2,507$2,179$1,534
14 years$3,464$2,998$2,586$2,225$1,910$1,302
15 years$3,199$2,739$2,335$1,985$1,682$1,109
16 years$2,968$2,513$2,117$1,777$1,486$948
17 years$2,765$2,314$1,927$1,597$1,318$812
18 years$2,584$2,138$1,759$1,439$1,172$697
19 years$2,422$1,982$1,610$1,300$1,044$600
20 years$2,277$1,841$1,478$1,178$933$517
21 years$2,146$1,715$1,359$1,069$835$446
22 years$2,027$1,601$1,253$972$748$385
23 years$1,918$1,497$1,157$885$672$333
24 years$1,819$1,403$1,070$807$604$289
25 years$1,727$1,317$991$737$543$250
26 years$1,643$1,237$919$674$489$217
27 years$1,565$1,165$853$617$441$188
28 years$1,493$1,097$793$565$398$163
29 years$1,426$1,035$738$518$359$141
30 years$1,364$978$688$476$325$123
31 years$1,306$924$641$437$294$107
32 years$1,251$875$598$401$266$93
33 years$1,200$828$558$369$240$81
34 years$1,152$785$522$340$218$70
35 years$1,107$745$488$313$197$61
36 years$1,064$707$456$288$179$53
37 years$1,024$671$427$265$162$46
38 years$986$638$400$245$147$40
39 years$950$607$375$226$133$35
40 years$916$577$351$208$121$30
41 years$884$549$329$192$110$26
42 years$853$523$309$177$99$23
43 years$824$498$290$163$90$20
44 years$796$475$272$151$82$17
45 years$770$453$255$139$74$15
46 years$744$432$240$129$67$13
47 years$720$412$225$119$61$11
48 years$697$394$212$110$56$10
49 years$675$376$199$102$51$9
50 years$654$359$187$94$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $670,000, adding $4,938 every year, while hoping to spend $30,732 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: 63/26/11 Blend
39$670,000$670,000$670,000$670,000
40$743,434$707,924$697,539$788,104
41$786,565$709,913$688,207$820,580
42$833,066$710,970$677,534$852,021
43$883,248$711,017$665,440$885,584
44$937,452$709,970$651,845$921,473
45$996,055$707,741$636,665$959,916
46$1,059,469$704,237$619,810$1,001,164
47$1,128,149$699,358$601,187$1,045,495
48$1,202,593$692,999$580,700$1,093,216
49$1,283,351$685,050$558,247$1,144,665
50$1,371,026$675,391$533,721$1,200,218
51$1,466,282$663,896$507,012$1,260,289
52$1,569,850$650,434$478,004$1,325,336
53$1,682,533$634,864$446,576$1,395,865
54$1,805,215$617,036$412,600$1,472,434
55$1,938,869$596,793$375,945$1,555,661
56$2,084,566$573,969$336,471$1,646,228
57$2,243,484$548,385$294,035$1,744,889
58$2,416,920$519,857$248,486$1,852,476
59$2,606,301$488,185$199,665$1,969,908
60$2,813,199$453,161$147,409$2,098,201
61$3,039,344$414,565$91,546$2,238,477
62$3,286,641$372,162$31,896$2,391,973
63$3,557,186$325,705$0$2,560,058
64$3,853,289$274,935$0$2,747,968
65$4,177,492$219,575$0$2,957,881
66$4,532,596$159,333$0$3,187,914
67$4,921,684$93,904$0$3,440,123
68$5,348,152$22,962$0$3,716,778
69$5,815,740$0$0$4,020,381
70$6,328,568$0$0$4,369,097
71$6,891,172$0$0$4,758,916
72$7,508,550$0$0$5,186,738
73$8,186,206$0$0$5,656,385
74$8,930,205$0$0$6,172,064
75$9,747,226$0$0$6,738,412
76$10,644,625$0$0$7,360,537
77$11,630,510$0$0$8,044,065
78$12,713,810$0$0$8,795,194
79$13,904,360$0$0$9,620,754
80$15,213,001$0$0$10,528,267
81$16,651,669$0$0$11,526,022
82$18,233,521$0$0$12,623,149
83$19,973,048$0$0$13,829,710
84$21,886,218$0$0$15,156,789
85$23,990,622$0$0$16,616,598
86$26,305,644$0$0$18,222,592
87$28,852,639$0$0$19,989,598
88$31,655,139$0$0$21,933,949
89$34,739,068$0$0$24,073,645
90$38,132,994$0$0$26,428,517
91$41,868,393$0$0$29,020,415
92$45,979,946$0$0$31,873,418
93$50,505,868$0$0$35,014,053
94$55,488,267$0$0$38,471,553
95$60,973,541$0$0$42,278,130
96$67,012,816$0$0$46,469,276
97$73,662,426$0$0$51,084,100
98$80,984,446$0$0$56,165,698
99$89,047,279$0$0$61,761,555
100$97,926,296$0$0$67,923,999