Can I retire at age 40 with 675,000?

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 $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%19%
1 years$55,741$55,244$54,760$54,287$53,825$51,874
2 years$27,594$27,081$26,582$26,100$25,631$23,687
3 years$18,214$17,697$17,201$16,722$16,261$14,385
4 years$13,524$13,009$12,518$12,047$11,598$9,804
5 years$10,711$10,200$9,714$9,254$8,816$7,109
6 years$8,836$8,329$7,851$7,400$6,976$5,357
7 years$7,498$6,994$6,524$6,084$5,673$4,142
8 years$6,494$5,996$5,533$5,104$4,707$3,262
9 years$5,714$5,220$4,765$4,347$3,964$2,604
10 years$5,091$4,601$4,155$3,747$3,377$2,099
11 years$4,581$4,096$3,658$3,261$2,905$1,706
12 years$4,156$3,677$3,246$2,861$2,517$1,395
13 years$3,797$3,323$2,900$2,526$2,195$1,147
14 years$3,489$3,020$2,606$2,242$1,924$946
15 years$3,223$2,759$2,353$1,999$1,694$783
16 years$2,991$2,531$2,133$1,790$1,497$650
17 years$2,785$2,331$1,941$1,608$1,328$540
18 years$2,603$2,154$1,772$1,450$1,180$450
19 years$2,440$1,996$1,622$1,310$1,052$375
20 years$2,294$1,855$1,489$1,186$940$314
21 years$2,162$1,728$1,369$1,077$841$262
22 years$2,042$1,613$1,262$979$754$219
23 years$1,932$1,509$1,165$892$677$184
24 years$1,832$1,414$1,078$813$608$154
25 years$1,740$1,327$998$743$547$129
26 years$1,655$1,247$926$679$493$108
27 years$1,577$1,173$860$621$444$91
28 years$1,504$1,106$799$569$401$76
29 years$1,437$1,043$744$522$362$64
30 years$1,374$985$693$479$327$54
31 years$1,315$931$646$440$296$45
32 years$1,260$881$602$404$268$38
33 years$1,209$834$563$372$242$32
34 years$1,160$791$526$342$219$27
35 years$1,115$750$491$315$199$22
36 years$1,072$712$460$290$180$19
37 years$1,032$676$430$267$163$16
38 years$993$643$403$246$148$13
39 years$957$611$378$227$134$11
40 years$923$581$354$210$122$9
41 years$890$553$332$193$110$8
42 years$859$527$311$178$100$7
43 years$830$502$292$165$91$6
44 years$802$479$274$152$82$5
45 years$775$456$257$140$75$4
46 years$750$435$242$130$68$3
47 years$726$416$227$120$62$3
48 years$702$397$213$111$56$2
49 years$680$379$201$102$51$2
50 years$659$362$189$95$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $675,000, adding $3,877 every year, while hoping to spend $46,355 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: 63/16/21 Blend
39$675,000$675,000$675,000$675,000
40$747,849$712,074$701,612$790,674
41$774,808$697,644$675,794$805,585
42$802,964$680,954$647,558$816,326
43$832,389$661,843$616,774$826,992
44$863,162$640,143$583,305$837,582
45$895,368$615,674$547,010$848,092
46$929,102$588,248$507,741$858,525
47$964,461$557,663$465,341$868,882
48$1,001,556$523,708$419,650$879,168
49$1,040,504$486,160$370,498$889,391
50$1,081,434$444,780$317,708$899,562
51$1,124,485$399,319$261,096$909,696
52$1,169,808$349,511$200,469$919,812
53$1,217,570$295,078$135,625$929,934
54$1,267,948$235,724$66,355$940,092
55$1,321,141$171,136$0$950,323
56$1,377,360$100,984$0$962,365
57$1,436,840$24,922$0$990,552
58$1,499,835$0$0$1,020,115
59$1,566,623$0$0$1,061,291
60$1,637,509$0$0$1,109,674
61$1,712,824$0$0$1,161,106
62$1,792,933$0$0$1,215,839
63$1,878,233$0$0$1,274,148
64$1,969,159$0$0$1,336,335
65$2,066,190$0$0$1,402,730
66$2,169,847$0$0$1,473,695
67$2,280,704$0$0$1,549,627
68$2,399,388$0$0$1,630,961
69$2,526,589$0$0$1,718,174
70$2,663,062$0$0$1,811,790
71$2,809,636$0$0$1,912,383
72$2,967,222$0$0$2,020,584
73$3,136,817$0$0$2,137,085
74$3,319,520$0$0$2,262,647
75$3,516,536$0$0$2,398,105
76$3,729,187$0$0$2,544,376
77$3,958,928$0$0$2,702,470
78$4,207,359$0$0$2,873,495
79$4,476,234$0$0$3,058,668
80$4,767,486$0$0$3,259,329
81$5,083,239$0$0$3,476,951
82$5,425,826$0$0$3,713,153
83$5,797,816$0$0$3,969,717
84$6,202,034$0$0$4,248,602
85$6,641,586$0$0$4,551,963
86$7,119,891$0$0$4,882,172
87$7,640,711$0$0$5,241,838
88$8,208,184$0$0$5,633,834
89$8,826,865$0$0$6,061,319
90$9,501,767$0$0$6,527,772
91$10,238,408$0$0$7,037,021
92$11,042,861$0$0$7,593,281
93$11,921,813$0$0$8,201,192
94$12,882,624$0$0$8,865,861
95$13,933,398$0$0$9,592,914
96$15,083,059$0$0$10,388,542
97$16,341,432$0$0$11,259,565
98$17,719,336$0$0$12,213,491
99$19,228,685$0$0$13,258,589
100$20,882,599$0$0$14,403,965