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%12.7%
1 years$55,328$54,835$54,354$53,885$53,427$52,825
2 years$27,390$26,880$26,386$25,906$25,441$24,835
3 years$18,079$17,566$17,073$16,598$16,141$15,550
4 years$13,424$12,913$12,425$11,958$11,512$10,940
5 years$10,632$10,124$9,642$9,185$8,751$8,200
6 years$8,771$8,267$7,792$7,345$6,924$6,395
7 years$7,442$6,943$6,476$6,039$5,631$5,124
8 years$6,446$5,951$5,492$5,066$4,672$4,186
9 years$5,672$5,182$4,730$4,315$3,934$3,471
10 years$5,053$4,567$4,124$3,720$3,352$2,910
11 years$4,547$4,066$3,630$3,237$2,883$2,462
12 years$4,125$3,649$3,222$2,839$2,498$2,098
13 years$3,769$3,298$2,879$2,507$2,179$1,798
14 years$3,464$2,998$2,586$2,225$1,910$1,548
15 years$3,199$2,739$2,335$1,985$1,682$1,339
16 years$2,968$2,513$2,117$1,777$1,486$1,162
17 years$2,765$2,314$1,927$1,597$1,318$1,011
18 years$2,584$2,138$1,759$1,439$1,172$882
19 years$2,422$1,982$1,610$1,300$1,044$772
20 years$2,277$1,841$1,478$1,178$933$676
21 years$2,146$1,715$1,359$1,069$835$593
22 years$2,027$1,601$1,253$972$748$521
23 years$1,918$1,497$1,157$885$672$458
24 years$1,819$1,403$1,070$807$604$403
25 years$1,727$1,317$991$737$543$356
26 years$1,643$1,237$919$674$489$314
27 years$1,565$1,165$853$617$441$277
28 years$1,493$1,097$793$565$398$245
29 years$1,426$1,035$738$518$359$216
30 years$1,364$978$688$476$325$191
31 years$1,306$924$641$437$294$169
32 years$1,251$875$598$401$266$150
33 years$1,200$828$558$369$240$132
34 years$1,152$785$522$340$218$117
35 years$1,107$745$488$313$197$104
36 years$1,064$707$456$288$179$92
37 years$1,024$671$427$265$162$81
38 years$986$638$400$245$147$72
39 years$950$607$375$226$133$64
40 years$916$577$351$208$121$57
41 years$884$549$329$192$110$50
42 years$853$523$309$177$99$45
43 years$824$498$290$163$90$39
44 years$796$475$272$151$82$35
45 years$770$453$255$139$74$31
46 years$744$432$240$129$67$28
47 years$720$412$225$119$61$24
48 years$697$394$212$110$56$22
49 years$675$376$199$102$51$19
50 years$654$359$187$94$46$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $670,000, adding $2,633 every year, while hoping to spend $42,011 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: 58/25/17 Blend
39$670,000$670,000$670,000$670,000
40$741,056$705,546$695,161$780,610
41$771,944$695,418$673,749$797,590
42$804,575$683,386$650,213$811,265
43$839,082$669,313$624,435$825,212
44$875,610$653,051$596,296$839,467
45$914,320$634,447$565,668$854,067
46$955,383$613,338$532,421$869,059
47$998,990$589,550$496,416$884,493
48$1,045,350$562,900$457,508$900,431
49$1,094,689$533,196$415,548$916,939
50$1,147,256$500,231$370,377$934,095
51$1,203,323$463,789$321,832$951,989
52$1,263,189$423,642$269,740$970,720
53$1,327,181$379,547$213,923$990,403
54$1,395,657$331,249$154,194$1,011,167
55$1,469,011$278,477$90,356$1,033,159
56$1,547,673$220,945$22,205$1,056,543
57$1,632,116$158,352$0$1,081,505
58$1,722,860$90,379$0$1,117,419
59$1,820,475$16,691$0$1,160,250
60$1,925,585$0$0$1,206,273
61$2,038,878$0$0$1,273,178
62$2,161,110$0$0$1,350,358
63$2,293,108$0$0$1,433,752
64$2,435,784$0$0$1,523,939
65$2,590,140$0$0$1,621,561
66$2,757,276$0$0$1,727,318
67$2,938,402$0$0$1,841,983
68$3,134,850$0$0$1,966,407
69$3,348,082$0$0$2,101,523
70$3,579,709$0$0$2,248,359
71$3,831,501$0$0$2,408,045
72$4,105,405$0$0$2,581,825
73$4,403,565$0$0$2,771,068
74$4,728,338$0$0$2,977,280
75$5,082,320$0$0$3,202,117
76$5,468,367$0$0$3,447,404
77$5,889,621$0$0$3,715,148
78$6,349,542$0$0$4,007,560
79$6,851,940$0$0$4,327,072
80$7,401,007$0$0$4,676,363
81$8,001,359$0$0$5,058,381
82$8,658,079$0$0$5,476,373
83$9,376,763$0$0$5,933,915
84$10,163,572$0$0$6,434,943
85$11,025,292$0$0$6,983,792
86$11,969,397$0$0$7,585,237
87$13,004,116$0$0$8,244,537
88$14,138,512$0$0$8,967,481
89$15,382,567$0$0$9,760,449
90$16,747,277$0$0$10,630,466
91$18,244,752$0$0$11,585,269
92$19,888,330$0$0$12,633,383
93$21,692,706$0$0$13,784,197
94$23,674,064$0$0$15,048,053
95$25,850,235$0$0$16,436,346
96$28,240,861$0$0$17,961,626
97$30,867,578$0$0$19,637,721
98$33,754,224$0$0$21,479,865
99$36,927,059$0$0$23,504,838
100$40,415,016$0$0$25,731,130