Can I retire at age 40 with 670,000?

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 $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%13.7%
1 years$55,328$54,835$54,354$53,885$53,427$52,607
2 years$27,390$26,880$26,386$25,906$25,441$24,617
3 years$18,079$17,566$17,073$16,598$16,141$15,338
4 years$13,424$12,913$12,425$11,958$11,512$10,737
5 years$10,632$10,124$9,642$9,185$8,751$8,006
6 years$8,771$8,267$7,792$7,345$6,924$6,210
7 years$7,442$6,943$6,476$6,039$5,631$4,948
8 years$6,446$5,951$5,492$5,066$4,672$4,019
9 years$5,672$5,182$4,730$4,315$3,934$3,312
10 years$5,053$4,567$4,124$3,720$3,352$2,760
11 years$4,547$4,066$3,630$3,237$2,883$2,321
12 years$4,125$3,649$3,222$2,839$2,498$1,965
13 years$3,769$3,298$2,879$2,507$2,179$1,673
14 years$3,464$2,998$2,586$2,225$1,910$1,432
15 years$3,199$2,739$2,335$1,985$1,682$1,230
16 years$2,968$2,513$2,117$1,777$1,486$1,060
17 years$2,765$2,314$1,927$1,597$1,318$916
18 years$2,584$2,138$1,759$1,439$1,172$793
19 years$2,422$1,982$1,610$1,300$1,044$689
20 years$2,277$1,841$1,478$1,178$933$599
21 years$2,146$1,715$1,359$1,069$835$521
22 years$2,027$1,601$1,253$972$748$455
23 years$1,918$1,497$1,157$885$672$397
24 years$1,819$1,403$1,070$807$604$347
25 years$1,727$1,317$991$737$543$303
26 years$1,643$1,237$919$674$489$265
27 years$1,565$1,165$853$617$441$232
28 years$1,493$1,097$793$565$398$203
29 years$1,426$1,035$738$518$359$178
30 years$1,364$978$688$476$325$156
31 years$1,306$924$641$437$294$137
32 years$1,251$875$598$401$266$120
33 years$1,200$828$558$369$240$106
34 years$1,152$785$522$340$218$93
35 years$1,107$745$488$313$197$81
36 years$1,064$707$456$288$179$72
37 years$1,024$671$427$265$162$63
38 years$986$638$400$245$147$55
39 years$950$607$375$226$133$49
40 years$916$577$351$208$121$43
41 years$884$549$329$192$110$37
42 years$853$523$309$177$99$33
43 years$824$498$290$163$90$29
44 years$796$475$272$151$82$25
45 years$770$453$255$139$74$22
46 years$744$432$240$129$67$20
47 years$720$412$225$119$61$17
48 years$697$394$212$110$56$15
49 years$675$376$199$102$51$13
50 years$654$359$187$94$46$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $670,000, adding $5,814 every year, while hoping to spend $24,330 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: 62/15/23 Blend
39$670,000$670,000$670,000$670,000
40$744,337$708,827$698,442$785,649
41$794,373$717,673$695,953$823,131
42$848,696$726,136$692,565$860,838
43$907,720$734,174$688,223$901,463
44$971,896$741,737$682,867$945,296
45$1,041,723$748,776$676,437$992,654
46$1,117,750$755,237$668,868$1,043,888
47$1,200,579$761,062$660,094$1,099,386
48$1,290,874$766,190$650,043$1,159,574
49$1,389,367$770,557$638,643$1,224,924
50$1,496,860$774,092$625,816$1,295,957
51$1,614,240$776,723$611,481$1,373,247
52$1,742,481$778,371$595,554$1,457,426
53$1,882,655$778,952$577,946$1,549,195
54$2,035,944$778,379$558,565$1,649,324
55$2,203,648$776,557$537,315$1,758,663
56$2,387,199$773,387$514,094$1,878,153
57$2,588,174$768,764$488,796$2,008,828
58$2,808,309$762,574$461,312$2,151,830
59$3,049,516$754,700$431,526$2,308,422
60$3,313,901$745,015$399,316$2,479,991
61$3,603,784$733,385$364,558$2,668,074
62$3,921,718$719,669$327,119$2,874,360
63$4,270,518$703,717$286,862$3,100,717
64$4,653,281$685,370$243,642$3,349,202
65$5,073,423$664,460$197,311$3,622,087
66$5,534,702$640,809$147,712$3,921,874
67$6,041,262$614,228$94,680$4,251,326
68$6,597,664$584,519$38,045$4,613,488
69$7,208,935$551,470$0$5,011,719
70$7,880,612$514,858$0$5,455,219
71$8,618,796$474,448$0$5,952,897
72$9,430,208$429,990$0$6,499,961
73$10,322,250$381,220$0$7,101,426
74$11,303,081$327,862$0$7,762,822
75$12,381,687$269,619$0$8,490,243
76$13,567,971$206,182$0$9,290,405
77$14,872,841$137,222$0$10,170,708
78$16,308,318$62,392$0$11,139,312
79$17,887,644$0$0$12,205,206
80$19,625,411$0$0$13,381,380
81$21,537,697$0$0$14,687,065
82$23,642,218$0$0$16,124,064
83$25,958,491$0$0$17,705,713
84$28,508,024$0$0$19,446,706
85$31,314,515$0$0$21,363,233
86$34,404,076$0$0$23,473,133
87$37,805,480$0$0$25,796,066
88$41,550,432$0$0$28,353,691
89$45,673,865$0$0$31,169,876
90$50,214,275$0$0$34,270,921
91$55,214,080$0$0$37,685,807
92$60,720,020$0$0$41,446,468
93$66,783,601$0$0$45,588,092
94$73,461,576$0$0$50,149,456
95$80,816,485$0$0$55,173,288
96$88,917,242$0$0$60,706,671
97$97,839,787$0$0$66,801,488
98$107,667,801$0$0$73,514,914
99$118,493,496$0$0$80,909,948
100$130,418,483$0$0$89,056,016