Can I retire at age 40 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$55,658$55,163$54,679$54,207$53,746$52,109
2 years$27,554$27,040$26,543$26,061$25,593$23,958
3 years$18,187$17,671$17,175$16,697$16,237$14,655
4 years$13,504$12,990$12,499$12,030$11,581$10,064
5 years$10,695$10,184$9,700$9,240$8,803$7,356
6 years$8,823$8,316$7,839$7,389$6,966$5,589
7 years$7,487$6,984$6,514$6,075$5,665$4,359
8 years$6,485$5,987$5,525$5,096$4,700$3,463
9 years$5,706$5,212$4,758$4,341$3,958$2,789
10 years$5,083$4,595$4,148$3,742$3,372$2,271
11 years$4,574$4,090$3,652$3,257$2,900$1,863
12 years$4,150$3,671$3,241$2,856$2,513$1,539
13 years$3,791$3,318$2,896$2,522$2,192$1,278
14 years$3,484$3,016$2,602$2,239$1,921$1,065
15 years$3,218$2,755$2,349$1,996$1,692$891
16 years$2,986$2,528$2,130$1,788$1,495$747
17 years$2,781$2,328$1,938$1,606$1,326$628
18 years$2,599$2,151$1,769$1,447$1,179$529
19 years$2,437$1,993$1,620$1,308$1,051$447
20 years$2,291$1,852$1,486$1,185$938$377
21 years$2,159$1,725$1,367$1,075$840$319
22 years$2,039$1,611$1,260$977$753$270
23 years$1,930$1,506$1,163$890$676$229
24 years$1,830$1,411$1,076$812$607$194
25 years$1,738$1,325$997$741$546$165
26 years$1,653$1,245$924$678$492$140
27 years$1,575$1,172$858$621$444$119
28 years$1,502$1,104$798$569$400$101
29 years$1,435$1,041$743$521$362$86
30 years$1,372$984$692$479$327$73
31 years$1,313$930$645$439$295$62
32 years$1,258$880$602$404$267$53
33 years$1,207$833$562$371$242$45
34 years$1,159$790$525$342$219$38
35 years$1,113$749$491$315$198$32
36 years$1,070$711$459$290$180$28
37 years$1,030$675$430$267$163$23
38 years$992$642$402$246$148$20
39 years$956$610$377$227$134$17
40 years$921$581$353$209$121$14
41 years$889$553$331$193$110$12
42 years$858$526$311$178$100$10
43 years$829$501$292$164$91$9
44 years$801$478$274$152$82$8
45 years$774$456$257$140$75$6
46 years$749$435$241$130$68$5
47 years$725$415$227$120$62$5
48 years$701$396$213$111$56$4
49 years$679$378$200$102$51$3
50 years$658$361$188$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $674,000, adding $3,849 every year, while hoping to spend $25,512 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: 42/44/14 Blend
39$674,000$674,000$674,000$674,000
40$746,718$710,996$700,549$774,867
41$795,739$718,690$696,873$802,725
42$848,905$725,907$692,219$830,048
43$906,611$732,595$686,526$859,081
44$969,294$738,700$679,734$889,992
45$1,037,433$744,167$671,775$922,965
46$1,111,553$748,933$662,582$958,208
47$1,192,235$752,935$652,082$995,947
48$1,280,117$756,102$640,200$1,036,436
49$1,375,900$758,363$626,858$1,079,955
50$1,480,357$759,638$611,974$1,126,813
51$1,594,339$759,845$595,460$1,177,353
52$1,718,781$758,897$577,227$1,231,954
53$1,854,713$756,700$557,181$1,291,037
54$2,003,270$753,154$535,222$1,355,067
55$2,165,700$748,155$511,249$1,424,558
56$2,343,377$741,591$485,152$1,500,080
57$2,537,817$733,343$456,819$1,582,263
58$2,750,684$723,288$426,133$1,671,802
59$2,983,816$711,290$392,970$1,769,469
60$3,239,232$697,211$357,202$1,876,115
61$3,519,160$680,900$318,694$1,992,684
62$3,826,051$662,200$277,307$2,120,215
63$4,162,604$640,944$232,893$2,259,861
64$4,531,794$616,955$185,299$2,412,895
65$4,936,896$590,045$134,366$2,580,723
66$5,381,519$560,017$79,927$2,764,900
67$5,869,637$526,661$21,807$2,967,144
68$6,405,628$489,755$0$3,189,352
69$6,994,314$449,065$0$3,439,628
70$7,641,009$404,344$0$3,718,149
71$8,351,564$355,330$0$4,024,241
72$9,132,429$301,746$0$4,360,760
73$9,990,705$243,300$0$4,730,859
74$10,934,218$179,683$0$5,138,017
75$11,971,591$110,569$0$5,586,075
76$13,112,321$35,615$0$6,079,269
77$14,366,873$0$0$6,622,275
78$15,746,779$0$0$7,242,304
79$17,264,741$0$0$7,943,430
80$18,934,757$0$0$8,714,888
81$20,772,249$0$0$9,563,813
82$22,794,208$0$0$10,498,068
83$25,019,357$0$0$11,526,318
84$27,468,326$0$0$12,658,110
85$30,163,845$0$0$13,903,961
86$33,130,960$0$0$15,275,463
87$36,397,269$0$0$16,785,387
88$39,993,180$0$0$18,447,805
89$43,952,201$0$0$20,278,225
90$48,311,253$0$0$22,293,734
91$53,111,020$0$0$24,513,159
92$58,396,332$0$0$26,957,247
93$64,216,588$0$0$29,648,860
94$70,626,220$0$0$32,613,190
95$77,685,210$0$0$35,877,996
96$85,459,653$0$0$39,473,868
97$94,022,382$0$0$43,434,513
98$103,453,653$0$0$47,797,074
99$113,841,905$0$0$52,602,482
100$125,284,592$0$0$57,895,840