Can I retire at age 40 with 673,000?

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 $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%15.9%
1 years$55,576$55,081$54,598$54,126$53,666$52,369
2 years$27,513$27,000$26,504$26,022$25,555$24,256
3 years$18,160$17,645$17,150$16,673$16,213$14,953
4 years$13,484$12,971$12,481$12,012$11,563$10,351
5 years$10,679$10,169$9,685$9,226$8,790$7,630
6 years$8,810$8,304$7,827$7,378$6,956$5,848
7 years$7,476$6,974$6,504$6,066$5,657$4,602
8 years$6,475$5,978$5,516$5,089$4,693$3,691
9 years$5,697$5,205$4,751$4,334$3,952$3,002
10 years$5,076$4,588$4,142$3,736$3,367$2,468
11 years$4,567$4,084$3,647$3,252$2,896$2,046
12 years$4,144$3,666$3,236$2,852$2,510$1,708
13 years$3,786$3,313$2,891$2,518$2,188$1,433
14 years$3,479$3,011$2,598$2,235$1,918$1,208
15 years$3,214$2,751$2,346$1,993$1,689$1,022
16 years$2,982$2,524$2,127$1,785$1,493$867
17 years$2,777$2,324$1,935$1,604$1,324$738
18 years$2,596$2,148$1,767$1,445$1,177$629
19 years$2,433$1,991$1,617$1,306$1,049$537
20 years$2,287$1,850$1,484$1,183$937$459
21 years$2,155$1,723$1,365$1,073$838$393
22 years$2,036$1,608$1,258$976$752$337
23 years$1,927$1,504$1,162$889$675$289
24 years$1,827$1,409$1,074$811$606$248
25 years$1,735$1,323$995$740$546$213
26 years$1,651$1,243$923$677$492$184
27 years$1,572$1,170$857$620$443$158
28 years$1,500$1,102$797$568$400$136
29 years$1,433$1,040$741$521$361$117
30 years$1,370$982$691$478$326$101
31 years$1,311$928$644$439$295$87
32 years$1,257$878$601$403$267$75
33 years$1,205$832$561$371$241$64
34 years$1,157$788$524$341$219$56
35 years$1,112$748$490$314$198$48
36 years$1,069$710$458$289$179$41
37 years$1,029$674$429$267$163$36
38 years$990$641$402$246$147$31
39 years$954$609$376$227$134$26
40 years$920$580$353$209$121$23
41 years$888$552$331$193$110$20
42 years$857$525$310$178$100$17
43 years$828$501$291$164$91$15
44 years$800$477$273$152$82$13
45 years$773$455$257$140$75$11
46 years$748$434$241$129$68$9
47 years$723$414$226$120$62$8
48 years$700$396$213$110$56$7
49 years$678$378$200$102$51$6
50 years$657$361$188$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $673,000, adding $5,530 every year, while hoping to spend $24,665 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: 54/24/22 Blend
39$673,000$673,000$673,000$673,000
40$747,350$711,681$701,250$782,926
41$797,337$720,310$698,498$816,589
42$851,595$728,535$694,828$850,175
43$910,535$736,311$690,182$886,213
44$974,607$743,588$684,501$924,947
45$1,044,307$750,314$677,722$966,644
46$1,120,181$756,434$669,780$1,011,599
47$1,202,829$761,888$660,607$1,060,141
48$1,292,911$766,614$650,131$1,112,628
49$1,391,154$770,545$638,277$1,169,461
50$1,498,359$773,609$624,966$1,231,080
51$1,615,406$775,730$610,116$1,297,971
52$1,743,264$776,827$593,642$1,370,671
53$1,883,001$776,816$575,453$1,449,774
54$2,035,792$775,604$555,455$1,535,934
55$2,202,930$773,097$533,551$1,629,874
56$2,385,840$769,190$509,636$1,732,394
57$2,586,091$763,775$483,604$1,844,375
58$2,805,410$756,737$455,342$1,966,790
59$3,045,698$747,954$424,732$2,100,714
60$3,309,051$737,296$391,653$2,247,333
61$3,597,776$724,625$355,975$2,407,956
62$3,914,414$709,796$317,565$2,584,028
63$4,261,763$692,655$276,282$2,777,144
64$4,642,907$673,039$231,981$2,989,065
65$5,061,240$650,774$184,509$3,221,733
66$5,520,502$625,679$133,706$3,477,291
67$6,024,815$597,558$79,407$3,758,105
68$6,578,716$566,208$21,437$4,066,784
69$7,187,205$531,412$0$4,406,209
70$7,855,790$492,942$0$4,789,046
71$8,590,538$450,554$0$5,215,297
72$9,398,135$403,993$0$5,683,839
73$10,285,944$352,988$0$6,198,984
74$11,262,080$297,254$0$6,765,490
75$12,335,481$236,488$0$7,388,599
76$13,515,997$170,372$0$8,074,091
77$14,814,477$98,569$0$8,828,339
78$16,242,877$20,723$0$9,658,366
79$17,814,370$0$0$10,571,916
80$19,543,469$0$0$11,594,308
81$21,446,164$0$0$12,725,442
82$23,540,077$0$0$13,970,330
83$25,844,620$0$0$15,340,524
84$28,381,186$0$0$16,848,752
85$31,173,344$0$0$18,509,039
86$34,247,067$0$0$20,336,840
87$37,630,972$0$0$22,349,183
88$41,356,592$0$0$24,564,831
89$45,458,675$0$0$27,004,460
90$49,975,506$0$0$29,690,853
91$54,949,276$0$0$32,649,114
92$60,426,473$0$0$35,906,906
93$66,458,324$0$0$39,494,712
94$73,101,276$0$0$43,446,121
95$80,417,532$0$0$47,798,146
96$88,475,634$0$0$52,591,575
97$97,351,111$0$0$57,871,351
98$107,127,192$0$0$63,687,000
99$117,895,590$0$0$70,093,097
100$129,757,370$0$0$77,149,783