Can I retire at age 40 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$55,823$55,326$54,841$54,368$53,905$52,645
2 years$27,635$27,121$26,622$26,138$25,669$24,406
3 years$18,241$17,724$17,226$16,747$16,286$15,060
4 years$13,544$13,029$12,536$12,065$11,615$10,436
5 years$10,727$10,215$9,729$9,267$8,830$7,701
6 years$8,849$8,341$7,862$7,411$6,987$5,909
7 years$7,509$7,005$6,533$6,093$5,682$4,655
8 years$6,504$6,004$5,541$5,111$4,714$3,738
9 years$5,723$5,228$4,772$4,354$3,970$3,044
10 years$5,098$4,608$4,161$3,753$3,382$2,506
11 years$4,587$4,102$3,663$3,266$2,909$2,080
12 years$4,162$3,682$3,251$2,865$2,521$1,738
13 years$3,803$3,328$2,904$2,529$2,198$1,461
14 years$3,495$3,025$2,610$2,245$1,927$1,233
15 years$3,228$2,763$2,356$2,002$1,697$1,045
16 years$2,995$2,535$2,136$1,793$1,499$888
17 years$2,789$2,335$1,944$1,611$1,330$756
18 years$2,607$2,157$1,774$1,452$1,182$646
19 years$2,444$1,999$1,624$1,312$1,054$552
20 years$2,298$1,858$1,491$1,188$941$473
21 years$2,165$1,731$1,371$1,078$842$406
22 years$2,045$1,615$1,264$980$755$348
23 years$1,935$1,511$1,167$893$678$299
24 years$1,835$1,416$1,079$814$609$257
25 years$1,743$1,328$1,000$744$548$222
26 years$1,658$1,249$927$680$494$191
27 years$1,579$1,175$861$622$445$164
28 years$1,507$1,107$800$570$402$142
29 years$1,439$1,045$745$523$363$122
30 years$1,376$986$694$480$328$105
31 years$1,317$933$647$441$296$91
32 years$1,262$882$603$405$268$78
33 years$1,211$836$563$373$243$68
34 years$1,162$792$526$343$220$58
35 years$1,117$751$492$316$199$50
36 years$1,074$713$460$291$180$44
37 years$1,033$677$431$268$163$38
38 years$995$644$404$247$148$33
39 years$959$612$378$228$134$28
40 years$924$582$354$210$122$24
41 years$892$554$332$194$110$21
42 years$861$528$312$179$100$18
43 years$831$503$292$165$91$16
44 years$803$479$275$152$83$14
45 years$776$457$258$141$75$12
46 years$751$436$242$130$68$10
47 years$727$416$227$120$62$9
48 years$703$397$214$111$56$8
49 years$681$379$201$103$51$7
50 years$660$362$189$95$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $676,000, adding $6,931 every year, while hoping to spend $31,694 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: 63/25/12 Blend
39$676,000$676,000$676,000$676,000
40$752,101$716,273$705,795$796,954
41$795,093$717,649$695,717$829,203
42$841,409$718,029$684,239$860,120
43$891,352$717,332$671,281$893,092
44$945,260$715,471$656,759$928,320
45$1,003,500$712,353$640,584$966,024
46$1,066,478$707,880$622,665$1,006,449
47$1,134,640$701,947$602,905$1,049,864
48$1,208,475$694,443$581,204$1,096,568
49$1,288,520$685,253$557,456$1,146,892
50$1,375,370$674,250$531,551$1,201,199
51$1,469,673$661,304$503,373$1,259,894
52$1,572,147$646,275$472,804$1,323,422
53$1,683,580$629,016$439,716$1,392,275
54$1,804,837$609,370$403,978$1,466,999
55$1,936,873$587,172$365,454$1,548,195
56$2,080,736$562,245$323,999$1,636,527
57$2,237,582$534,407$279,464$1,732,732
58$2,408,682$503,459$231,693$1,837,619
59$2,595,434$469,195$180,521$1,952,086
60$2,799,378$431,395$125,779$2,077,124
61$3,022,210$389,829$67,287$2,213,827
62$3,265,796$344,251$4,862$2,363,403
63$3,532,190$294,402$0$2,527,187
64$3,823,654$240,009$0$2,714,559
65$4,142,680$180,782$0$2,920,420
66$4,492,011$116,418$0$3,145,969
67$4,874,667$46,593$0$3,393,220
68$5,293,974$0$0$3,664,392
69$5,753,597$0$0$3,969,922
70$6,257,570$0$0$4,319,036
71$6,810,336$0$0$4,702,002
72$7,416,792$0$0$5,122,216
73$8,082,328$0$0$5,583,422
74$8,812,883$0$0$6,089,741
75$9,614,998$0$0$6,645,714
76$10,495,880$0$0$7,256,342
77$11,463,467$0$0$7,927,138
78$12,526,503$0$0$8,664,169
79$13,694,623$0$0$9,474,125
80$14,978,439$0$0$10,364,371
81$16,389,643$0$0$11,343,026
82$17,941,118$0$0$12,419,029
83$19,647,054$0$0$13,602,235
84$21,523,088$0$0$14,903,495
85$23,586,447$0$0$16,334,770
86$25,856,111$0$0$17,909,236
87$28,352,991$0$0$19,641,408
88$31,100,129$0$0$21,547,284
89$34,122,912$0$0$23,644,486
90$37,449,311$0$0$25,952,433
91$41,110,148$0$0$28,492,521
92$45,139,383$0$0$31,288,326
93$49,574,433$0$0$34,365,825
94$54,456,529$0$0$37,753,640
95$59,831,103$0$0$41,483,311
96$65,748,213$0$0$45,589,590
97$72,263,020$0$0$50,110,772
98$79,436,305$0$0$55,089,053
99$87,335,043$0$0$60,570,928
100$96,033,033$0$0$66,607,632