Can I retire at age 40 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$55,741$55,244$54,760$54,287$53,825$53,087
2 years$27,594$27,081$26,582$26,100$25,631$24,888
3 years$18,214$17,697$17,201$16,722$16,261$15,538
4 years$13,524$13,009$12,518$12,047$11,598$10,898
5 years$10,711$10,200$9,714$9,254$8,816$8,143
6 years$8,836$8,329$7,851$7,400$6,976$6,330
7 years$7,498$6,994$6,524$6,084$5,673$5,055
8 years$6,494$5,996$5,533$5,104$4,707$4,116
9 years$5,714$5,220$4,765$4,347$3,964$3,400
10 years$5,091$4,601$4,155$3,747$3,377$2,840
11 years$4,581$4,096$3,658$3,261$2,905$2,394
12 years$4,156$3,677$3,246$2,861$2,517$2,032
13 years$3,797$3,323$2,900$2,526$2,195$1,735
14 years$3,489$3,020$2,606$2,242$1,924$1,488
15 years$3,223$2,759$2,353$1,999$1,694$1,282
16 years$2,991$2,531$2,133$1,790$1,497$1,108
17 years$2,785$2,331$1,941$1,608$1,328$960
18 years$2,603$2,154$1,772$1,450$1,180$834
19 years$2,440$1,996$1,622$1,310$1,052$726
20 years$2,294$1,855$1,489$1,186$940$633
21 years$2,162$1,728$1,369$1,077$841$553
22 years$2,042$1,613$1,262$979$754$484
23 years$1,932$1,509$1,165$892$677$423
24 years$1,832$1,414$1,078$813$608$371
25 years$1,740$1,327$998$743$547$326
26 years$1,655$1,247$926$679$493$286
27 years$1,577$1,173$860$621$444$251
28 years$1,504$1,106$799$569$401$221
29 years$1,437$1,043$744$522$362$194
30 years$1,374$985$693$479$327$171
31 years$1,315$931$646$440$296$150
32 years$1,260$881$602$404$268$132
33 years$1,209$834$563$372$242$117
34 years$1,160$791$526$342$219$103
35 years$1,115$750$491$315$199$90
36 years$1,072$712$460$290$180$80
37 years$1,032$676$430$267$163$70
38 years$993$643$403$246$148$62
39 years$957$611$378$227$134$55
40 years$923$581$354$210$122$48
41 years$890$553$332$193$110$42
42 years$859$527$311$178$100$37
43 years$830$502$292$165$91$33
44 years$802$479$274$152$82$29
45 years$775$456$257$140$75$26
46 years$750$435$242$130$68$23
47 years$726$416$227$120$62$20
48 years$702$397$213$111$56$18
49 years$680$379$201$102$51$16
50 years$659$362$189$95$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $675,000, adding $4,456 every year, while hoping to spend $35,051 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: 48/38/14 Blend
39$675,000$675,000$675,000$675,000
40$748,446$712,671$702,209$781,254
41$787,494$710,298$688,439$801,997
42$829,350$706,634$673,033$820,532
43$874,263$701,579$655,899$839,883
44$922,507$695,026$636,941$860,137
45$974,383$686,862$616,059$881,395
46$1,030,220$676,969$593,147$903,768
47$1,090,381$665,219$568,096$927,382
48$1,155,264$651,478$540,791$952,376
49$1,225,304$635,604$511,111$978,908
50$1,300,984$617,447$478,932$1,007,155
51$1,382,829$596,847$444,121$1,037,312
52$1,471,421$573,636$406,543$1,069,599
53$1,567,397$547,635$366,053$1,104,263
54$1,671,458$518,656$322,502$1,141,578
55$1,784,376$486,498$275,734$1,181,848
56$1,906,997$450,952$225,586$1,225,415
57$2,040,255$411,793$171,888$1,272,659
58$2,185,175$368,785$114,461$1,324,003
59$2,342,888$321,680$53,119$1,379,918
60$2,514,634$270,214$0$1,440,928
61$2,701,780$214,108$0$1,509,459
62$2,905,831$153,068$0$1,592,904
63$3,128,442$86,785$0$1,684,071
64$3,371,434$14,929$0$1,783,793
65$3,636,815$0$0$1,892,993
66$3,926,792$0$0$2,038,972
67$4,243,795$0$0$2,205,452
68$4,590,502$0$0$2,387,607
69$4,969,859$0$0$2,586,993
70$5,385,110$0$0$2,805,326
71$5,839,829$0$0$3,044,494
72$6,337,951$0$0$3,306,577
73$6,883,809$0$0$3,593,867
74$7,482,176$0$0$3,908,886
75$8,138,306$0$0$4,254,413
76$8,857,990$0$0$4,633,508
77$9,647,603$0$0$5,049,544
78$10,514,168$0$0$5,506,232
79$11,465,423$0$0$6,007,664
80$12,509,887$0$0$6,558,346
81$13,656,950$0$0$7,163,241
82$14,916,951$0$0$7,827,818
83$16,301,282$0$0$8,558,101
84$17,822,494$0$0$9,360,725
85$19,494,411$0$0$10,243,002
86$21,332,265$0$0$11,212,988
87$23,352,837$0$0$12,279,556
88$25,574,616$0$0$13,452,483
89$28,017,969$0$0$14,742,542
90$30,705,338$0$0$16,161,601
91$33,661,449$0$0$17,722,736
92$36,913,546$0$0$19,440,356
93$40,491,642$0$0$21,330,335
94$44,428,812$0$0$23,410,164
95$48,761,493$0$0$25,699,116
96$53,529,838$0$0$28,218,426
97$58,778,087$0$0$30,991,493
98$64,554,985$0$0$34,044,098
99$70,914,245$0$0$37,404,651
100$77,915,051$0$0$41,104,454