Can I retire at age 40 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$55,576$55,081$54,598$54,126$53,666$53,039
2 years$27,513$27,000$26,504$26,022$25,555$24,925
3 years$18,160$17,645$17,150$16,673$16,213$15,598
4 years$13,484$12,971$12,481$12,012$11,563$10,968
5 years$10,679$10,169$9,685$9,226$8,790$8,217
6 years$8,810$8,304$7,827$7,378$6,956$6,405
7 years$7,476$6,974$6,504$6,066$5,657$5,129
8 years$6,475$5,978$5,516$5,089$4,693$4,188
9 years$5,697$5,205$4,751$4,334$3,952$3,470
10 years$5,076$4,588$4,142$3,736$3,367$2,908
11 years$4,567$4,084$3,647$3,252$2,896$2,458
12 years$4,144$3,666$3,236$2,852$2,510$2,093
13 years$3,786$3,313$2,891$2,518$2,188$1,793
14 years$3,479$3,011$2,598$2,235$1,918$1,543
15 years$3,214$2,751$2,346$1,993$1,689$1,334
16 years$2,982$2,524$2,127$1,785$1,493$1,157
17 years$2,777$2,324$1,935$1,604$1,324$1,006
18 years$2,596$2,148$1,767$1,445$1,177$877
19 years$2,433$1,991$1,617$1,306$1,049$766
20 years$2,287$1,850$1,484$1,183$937$671
21 years$2,155$1,723$1,365$1,073$838$588
22 years$2,036$1,608$1,258$976$752$516
23 years$1,927$1,504$1,162$889$675$454
24 years$1,827$1,409$1,074$811$606$399
25 years$1,735$1,323$995$740$546$352
26 years$1,651$1,243$923$677$492$310
27 years$1,572$1,170$857$620$443$273
28 years$1,500$1,102$797$568$400$241
29 years$1,433$1,040$741$521$361$213
30 years$1,370$982$691$478$326$188
31 years$1,311$928$644$439$295$166
32 years$1,257$878$601$403$267$147
33 years$1,205$832$561$371$241$130
34 years$1,157$788$524$341$219$115
35 years$1,112$748$490$314$198$102
36 years$1,069$710$458$289$179$90
37 years$1,029$674$429$267$163$80
38 years$990$641$402$246$147$71
39 years$954$609$376$227$134$62
40 years$920$580$353$209$121$55
41 years$888$552$331$193$110$49
42 years$857$525$310$178$100$43
43 years$828$501$291$164$91$38
44 years$800$477$273$152$82$34
45 years$773$455$257$140$75$30
46 years$748$434$241$129$68$27
47 years$723$414$226$120$62$24
48 years$700$396$213$110$56$21
49 years$678$378$200$102$51$19
50 years$657$361$188$94$46$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $673,000, adding $4,144 every year, while hoping to spend $44,910 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: 71/16/13 Blend
39$673,000$673,000$673,000$673,000
40$745,921$710,252$699,820$796,494
41$774,221$697,270$675,480$817,593
42$803,902$682,147$648,820$834,823
43$835,058$664,731$619,713$852,498
44$867,791$644,859$588,031$870,653
45$902,211$622,362$553,634$889,326
46$938,437$597,059$516,382$908,562
47$976,601$568,758$476,124$928,412
48$1,016,844$537,257$432,704$948,932
49$1,059,322$502,343$385,960$970,185
50$1,104,204$463,788$335,720$992,244
51$1,151,674$421,355$281,808$1,015,188
52$1,201,933$374,790$224,037$1,039,109
53$1,255,201$323,826$162,214$1,064,106
54$1,311,720$268,181$96,136$1,090,294
55$1,371,750$207,557$25,591$1,117,801
56$1,435,580$141,639$0$1,146,768
57$1,503,523$70,093$0$1,184,247
58$1,575,925$0$0$1,227,761
59$1,653,161$0$0$1,275,297
60$1,735,645$0$0$1,339,262
61$1,823,830$0$0$1,407,668
62$1,918,210$0$0$1,480,904
63$2,019,329$0$0$1,559,394
64$2,127,785$0$0$1,643,604
65$2,244,232$0$0$1,734,046
66$2,369,388$0$0$1,831,281
67$2,504,041$0$0$1,935,926
68$2,649,058$0$0$2,048,656
69$2,805,389$0$0$2,170,216
70$2,974,079$0$0$2,301,422
71$3,156,276$0$0$2,443,171
72$3,353,240$0$0$2,596,449
73$3,566,357$0$0$2,762,340
74$3,797,151$0$0$2,942,035
75$4,047,298$0$0$3,136,843
76$4,318,640$0$0$3,348,206
77$4,613,201$0$0$3,577,707
78$4,933,211$0$0$3,827,089
79$5,281,119$0$0$4,098,268
80$5,659,623$0$0$4,393,353
81$6,071,689$0$0$4,714,664
82$6,520,582$0$0$5,064,754
83$7,009,893$0$0$5,446,433
84$7,543,577$0$0$5,862,793
85$8,125,985$0$0$6,317,238
86$8,761,907$0$0$6,813,514
87$9,456,615$0$0$7,355,745
88$10,215,915$0$0$7,948,473
89$11,046,198$0$0$8,596,695
90$11,954,499$0$0$9,305,917
91$12,948,567$0$0$10,082,199
92$14,036,934$0$0$10,932,215
93$15,228,994$0$0$11,863,314
94$16,535,093$0$0$12,883,589
95$17,966,625$0$0$14,001,954
96$19,536,140$0$0$15,228,226
97$21,257,458$0$0$16,573,216
98$23,145,803$0$0$18,048,835
99$25,217,942$0$0$19,668,199
100$27,492,343$0$0$21,445,758