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%14.2%
1 years$55,411$54,917$54,435$53,965$53,506$52,577
2 years$27,431$26,920$26,425$25,945$25,479$24,546
3 years$18,106$17,593$17,099$16,623$16,165$15,257
4 years$13,444$12,932$12,443$11,976$11,529$10,653
5 years$10,648$10,139$9,657$9,199$8,764$7,923
6 years$8,784$8,279$7,804$7,356$6,935$6,129
7 years$7,453$6,953$6,485$6,048$5,640$4,870
8 years$6,456$5,960$5,500$5,074$4,679$3,944
9 years$5,680$5,189$4,737$4,322$3,940$3,241
10 years$5,060$4,574$4,130$3,725$3,357$2,693
11 years$4,554$4,072$3,636$3,242$2,887$2,257
12 years$4,131$3,655$3,227$2,844$2,502$1,904
13 years$3,774$3,303$2,883$2,511$2,182$1,616
14 years$3,469$3,002$2,590$2,229$1,913$1,378
15 years$3,204$2,743$2,339$1,988$1,684$1,180
16 years$2,973$2,516$2,120$1,780$1,488$1,013
17 years$2,769$2,317$1,929$1,599$1,320$872
18 years$2,588$2,141$1,761$1,441$1,173$753
19 years$2,426$1,985$1,612$1,302$1,046$651
20 years$2,281$1,844$1,480$1,179$934$564
21 years$2,149$1,718$1,361$1,070$836$489
22 years$2,030$1,604$1,254$973$749$425
23 years$1,921$1,500$1,158$886$673$370
24 years$1,821$1,405$1,071$808$605$322
25 years$1,730$1,319$992$738$544$280
26 years$1,646$1,239$920$675$490$244
27 years$1,568$1,166$854$618$442$213
28 years$1,496$1,099$794$566$399$186
29 years$1,428$1,037$739$519$360$162
30 years$1,366$979$689$476$325$142
31 years$1,307$926$642$438$294$124
32 years$1,253$876$599$402$266$108
33 years$1,202$829$559$370$241$95
34 years$1,154$786$522$340$218$83
35 years$1,108$746$488$313$197$72
36 years$1,066$708$457$288$179$63
37 years$1,025$672$428$266$162$55
38 years$987$639$401$245$147$48
39 years$951$607$375$226$133$42
40 years$917$578$352$208$121$37
41 years$885$550$330$192$110$32
42 years$854$524$309$177$100$28
43 years$825$499$290$164$90$25
44 years$797$476$273$151$82$22
45 years$771$454$256$140$74$19
46 years$745$433$240$129$68$17
47 years$721$413$226$119$61$15
48 years$698$394$212$110$56$13
49 years$676$377$199$102$51$11
50 years$655$360$187$94$46$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $671,000, adding $5,357 every year, while hoping to spend $29,792 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: 71/21/8 Blend
39$671,000$671,000$671,000$671,000
40$744,968$709,405$699,004$796,474
41$789,256$712,467$690,722$834,295
42$837,063$714,681$681,165$871,483
43$888,717$715,974$670,257$911,368
44$944,576$716,267$657,921$954,210
45$1,005,038$715,479$644,076$1,000,291
46$1,070,536$713,522$628,637$1,049,927
47$1,141,550$710,303$611,515$1,103,464
48$1,218,603$705,723$592,617$1,161,284
49$1,302,276$699,679$571,844$1,223,808
50$1,393,204$692,059$549,097$1,291,502
51$1,492,086$682,745$524,267$1,364,877
52$1,599,693$671,613$497,244$1,444,500
53$1,716,871$658,532$467,911$1,530,996
54$1,844,552$643,361$436,146$1,625,052
55$1,983,763$625,952$401,824$1,727,428
56$2,135,632$606,148$364,810$1,838,962
57$2,301,401$583,784$324,966$1,960,578
58$2,482,439$558,685$282,147$2,093,296
59$2,680,251$530,664$236,202$2,238,241
60$2,896,495$499,524$186,973$2,396,654
61$3,132,995$465,059$134,295$2,569,903
62$3,391,763$427,049$77,996$2,759,498
63$3,675,009$385,261$17,895$2,967,104
64$3,985,171$339,450$0$3,194,559
65$4,324,931$289,356$0$3,447,836
66$4,697,246$234,706$0$3,727,109
67$5,105,368$175,210$0$4,033,332
68$5,552,883$110,562$0$4,369,241
69$6,043,737$40,439$0$4,737,854
70$6,582,279$0$0$5,142,498
71$7,173,297$0$0$5,595,043
72$7,822,068$0$0$6,102,104
73$8,534,401$0$0$6,658,879
74$9,316,699$0$0$7,270,379
75$10,176,013$0$0$7,942,119
76$11,120,110$0$0$8,680,176
77$12,157,549$0$0$9,491,245
78$13,297,758$0$0$10,382,704
79$14,551,121$0$0$11,362,676
80$15,929,083$0$0$12,440,115
81$17,444,251$0$0$13,624,884
82$19,110,513$0$0$14,927,850
83$20,943,172$0$0$16,360,984
84$22,959,090$0$0$17,937,479
85$25,176,842$0$0$19,671,869
86$27,616,897$0$0$21,580,166
87$30,301,805$0$0$23,680,015
88$33,256,416$0$0$25,990,856
89$36,508,108$0$0$28,534,112
90$40,087,047$0$0$31,333,383
91$44,026,475$0$0$34,414,677
92$48,363,016$0$0$37,806,649
93$53,137,029$0$0$41,540,876
94$58,392,982$0$0$45,652,148
95$64,179,875$0$0$50,178,805
96$70,551,702$0$0$55,163,091
97$77,567,958$0$0$60,651,553
98$85,294,201$0$0$66,695,487
99$93,802,673$0$0$73,351,412
100$103,172,974$0$0$80,681,611