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%14.9%
1 years$55,576$55,081$54,598$54,126$53,666$52,582
2 years$27,513$27,000$26,504$26,022$25,555$24,468
3 years$18,160$17,645$17,150$16,673$16,213$15,157
4 years$13,484$12,971$12,481$12,012$11,563$10,546
5 years$10,679$10,169$9,685$9,226$8,790$7,814
6 years$8,810$8,304$7,827$7,378$6,956$6,022
7 years$7,476$6,974$6,504$6,066$5,657$4,766
8 years$6,475$5,978$5,516$5,089$4,693$3,845
9 years$5,697$5,205$4,751$4,334$3,952$3,146
10 years$5,076$4,588$4,142$3,736$3,367$2,602
11 years$4,567$4,084$3,647$3,252$2,896$2,171
12 years$4,144$3,666$3,236$2,852$2,510$1,824
13 years$3,786$3,313$2,891$2,518$2,188$1,541
14 years$3,479$3,011$2,598$2,235$1,918$1,308
15 years$3,214$2,751$2,346$1,993$1,689$1,114
16 years$2,982$2,524$2,127$1,785$1,493$952
17 years$2,777$2,324$1,935$1,604$1,324$816
18 years$2,596$2,148$1,767$1,445$1,177$701
19 years$2,433$1,991$1,617$1,306$1,049$603
20 years$2,287$1,850$1,484$1,183$937$519
21 years$2,155$1,723$1,365$1,073$838$448
22 years$2,036$1,608$1,258$976$752$387
23 years$1,927$1,504$1,162$889$675$335
24 years$1,827$1,409$1,074$811$606$290
25 years$1,735$1,323$995$740$546$251
26 years$1,651$1,243$923$677$492$218
27 years$1,572$1,170$857$620$443$189
28 years$1,500$1,102$797$568$400$164
29 years$1,433$1,040$741$521$361$142
30 years$1,370$982$691$478$326$123
31 years$1,311$928$644$439$295$107
32 years$1,257$878$601$403$267$93
33 years$1,205$832$561$371$241$81
34 years$1,157$788$524$341$219$70
35 years$1,112$748$490$314$198$61
36 years$1,069$710$458$289$179$53
37 years$1,029$674$429$267$163$46
38 years$990$641$402$246$147$40
39 years$954$609$376$227$134$35
40 years$920$580$353$209$121$30
41 years$888$552$331$193$110$26
42 years$857$525$310$178$100$23
43 years$828$501$291$164$91$20
44 years$800$477$273$152$82$17
45 years$773$455$257$140$75$15
46 years$748$434$241$129$68$13
47 years$723$414$226$120$62$11
48 years$700$396$213$110$56$10
49 years$678$378$200$102$51$9
50 years$657$361$188$94$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $673,000, adding $6,239 every year, while hoping to spend $24,345 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: 56/32/12 Blend
39$673,000$673,000$673,000$673,000
40$748,082$712,413$701,981$787,364
41$798,483$721,418$699,595$823,679
42$853,209$730,048$696,312$860,004
43$912,676$738,260$692,078$898,999
44$977,341$746,007$686,834$940,921
45$1,047,705$753,237$680,519$986,057
46$1,124,323$759,897$673,068$1,034,722
47$1,207,804$765,932$664,416$1,087,265
48$1,298,816$771,279$654,490$1,144,071
49$1,398,098$775,874$643,218$1,205,562
50$1,506,461$779,649$630,523$1,272,208
51$1,624,799$782,530$616,324$1,344,525
52$1,754,094$784,440$600,537$1,423,085
53$1,895,429$785,296$583,073$1,508,515
54$2,049,998$785,010$563,840$1,601,512
55$2,219,110$783,488$542,741$1,702,841
56$2,404,213$780,633$519,677$1,813,350
57$2,606,897$776,338$494,540$1,933,971
58$2,828,915$770,493$467,221$2,065,735
59$3,072,196$762,978$437,605$2,209,779
60$3,338,865$753,670$405,571$2,367,359
61$3,631,265$742,435$370,992$2,539,857
62$3,951,971$729,132$333,738$2,728,802
63$4,303,825$713,612$293,671$2,935,880
64$4,689,953$695,717$250,647$3,162,949
65$5,113,802$675,281$204,517$3,412,061
66$5,579,165$652,125$155,124$3,685,479
67$6,090,224$626,063$102,305$3,985,701
68$6,651,583$596,896$45,888$4,315,480
69$7,268,316$564,416$0$4,677,855
70$7,946,011$528,399$0$5,078,010
71$8,690,826$488,612$0$5,524,200
72$9,509,542$444,806$0$6,014,644
73$10,409,634$396,720$0$6,553,866
74$11,399,334$344,076$0$7,146,854
75$12,487,712$286,582$0$7,799,107
76$13,684,763$223,929$0$8,516,689
77$15,001,497$155,790$0$9,306,285
78$16,450,046$81,820$0$10,175,266
79$18,043,777$1,655$0$11,131,758
80$19,797,416$0$0$12,184,720
81$21,727,192$0$0$13,373,994
82$23,850,984$0$0$14,683,548
83$26,188,492$0$0$16,124,957
84$28,761,425$0$0$17,711,616
85$31,593,700$0$0$19,458,284
86$34,711,674$0$0$21,381,225
87$38,144,386$0$0$23,498,359
88$41,923,838$0$0$25,829,433
89$46,085,288$0$0$28,396,205
90$50,667,590$0$0$31,222,651
91$55,713,558$0$0$34,335,191
92$61,270,367$0$0$37,762,936
93$67,390,003$0$0$41,537,967
94$74,129,749$0$0$45,695,631
95$81,552,726$0$0$50,274,883
96$89,728,492$0$0$55,318,644
97$98,733,694$0$0$60,874,214
98$108,652,793$0$0$66,993,714
99$119,578,860$0$0$73,734,579
100$131,614,456$0$0$81,160,098