Can I retire at age 40 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$55,411$54,917$54,435$53,965$53,506$52,383
2 years$27,431$26,920$26,425$25,945$25,479$24,353
3 years$18,106$17,593$17,099$16,623$16,165$15,071
4 years$13,444$12,932$12,443$11,976$11,529$10,475
5 years$10,648$10,139$9,657$9,199$8,764$7,754
6 years$8,784$8,279$7,804$7,356$6,935$5,969
7 years$7,453$6,953$6,485$6,048$5,640$4,719
8 years$6,456$5,960$5,500$5,074$4,679$3,802
9 years$5,680$5,189$4,737$4,322$3,940$3,107
10 years$5,060$4,574$4,130$3,725$3,357$2,567
11 years$4,554$4,072$3,636$3,242$2,887$2,139
12 years$4,131$3,655$3,227$2,844$2,502$1,795
13 years$3,774$3,303$2,883$2,511$2,182$1,515
14 years$3,469$3,002$2,590$2,229$1,913$1,284
15 years$3,204$2,743$2,339$1,988$1,684$1,092
16 years$2,973$2,516$2,120$1,780$1,488$932
17 years$2,769$2,317$1,929$1,599$1,320$797
18 years$2,588$2,141$1,761$1,441$1,173$684
19 years$2,426$1,985$1,612$1,302$1,046$587
20 years$2,281$1,844$1,480$1,179$934$505
21 years$2,149$1,718$1,361$1,070$836$435
22 years$2,030$1,604$1,254$973$749$376
23 years$1,921$1,500$1,158$886$673$324
24 years$1,821$1,405$1,071$808$605$280
25 years$1,730$1,319$992$738$544$242
26 years$1,646$1,239$920$675$490$210
27 years$1,568$1,166$854$618$442$182
28 years$1,496$1,099$794$566$399$157
29 years$1,428$1,037$739$519$360$136
30 years$1,366$979$689$476$325$118
31 years$1,307$926$642$438$294$102
32 years$1,253$876$599$402$266$89
33 years$1,202$829$559$370$241$77
34 years$1,154$786$522$340$218$67
35 years$1,108$746$488$313$197$58
36 years$1,066$708$457$288$179$50
37 years$1,025$672$428$266$162$44
38 years$987$639$401$245$147$38
39 years$951$607$375$226$133$33
40 years$917$578$352$208$121$29
41 years$885$550$330$192$110$25
42 years$854$524$309$177$100$22
43 years$825$499$290$164$90$19
44 years$797$476$273$151$82$16
45 years$771$454$256$140$74$14
46 years$745$433$240$129$68$12
47 years$721$413$226$119$61$11
48 years$698$394$212$110$56$9
49 years$676$377$199$102$51$8
50 years$655$360$187$94$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $671,000, adding $4,967 every year, while hoping to spend $29,497 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: 57/36/7 Blend
39$671,000$671,000$671,000$671,000
40$744,565$709,002$698,602$785,579
41$789,127$712,359$690,621$817,112
42$837,244$714,891$681,383$847,702
43$889,250$716,528$670,817$880,302
44$945,509$717,193$658,844$915,108
45$1,006,421$716,806$645,385$952,334
46$1,072,427$715,280$630,357$992,219
47$1,144,011$712,526$613,670$1,035,027
48$1,221,706$708,445$595,234$1,081,048
49$1,306,097$702,936$574,952$1,130,606
50$1,397,830$695,890$552,723$1,184,057
51$1,497,612$687,193$528,443$1,241,795
52$1,606,223$676,720$502,001$1,304,256
53$1,724,523$664,344$473,283$1,371,922
54$1,853,455$649,928$442,168$1,445,326
55$1,994,058$633,325$408,532$1,525,057
56$2,147,477$614,383$372,242$1,611,766
57$2,314,970$592,938$333,163$1,706,172
58$2,497,924$568,819$291,151$1,809,072
59$2,697,864$541,843$246,056$1,921,344
60$2,916,470$511,817$197,723$2,043,958
61$3,155,592$478,538$145,989$2,177,989
62$3,417,266$441,790$90,683$2,324,622
63$3,703,734$401,345$31,628$2,485,167
64$4,017,467$356,963$0$2,661,070
65$4,361,182$308,388$0$2,856,274
66$4,737,876$255,352$0$3,072,874
67$5,150,845$197,571$0$3,310,469
68$5,603,724$134,744$0$3,571,227
69$6,100,511$66,554$0$3,857,541
70$6,645,616$0$0$4,172,054
71$7,243,890$0$0$4,520,585
72$7,900,683$0$0$4,932,211
73$8,621,882$0$0$5,384,263
74$9,413,976$0$0$5,880,818
75$10,284,113$0$0$6,426,362
76$11,240,166$0$0$7,025,842
77$12,290,809$0$0$7,684,705
78$13,445,599$0$0$8,408,952
79$14,715,062$0$0$9,205,194
80$16,110,799$0$0$10,080,717
81$17,645,586$0$0$11,043,546
82$19,333,504$0$0$12,102,524
83$21,190,063$0$0$13,267,392
84$23,232,355$0$0$14,548,885
85$25,479,208$0$0$15,958,828
86$27,951,372$0$0$17,510,254
87$30,671,704$0$0$19,217,519
88$33,665,393$0$0$21,096,444
89$36,960,191$0$0$23,164,459
90$40,586,678$0$0$25,440,771
91$44,578,547$0$0$27,946,544
92$48,972,927$0$0$30,705,096
93$53,810,725$0$0$33,742,123
94$59,137,019$0$0$37,085,937
95$65,001,479$0$0$40,767,737
96$71,458,838$0$0$44,821,900
97$78,569,404$0$0$49,286,307
98$86,399,634$0$0$54,202,700
99$95,022,756$0$0$59,617,074
100$104,519,462$0$0$65,580,114