Can I retire at age 40 with 676,000?

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 $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%13.7%
1 years$55,823$55,326$54,841$54,368$53,905$53,078
2 years$27,635$27,121$26,622$26,138$25,669$24,837
3 years$18,241$17,724$17,226$16,747$16,286$15,476
4 years$13,544$13,029$12,536$12,065$11,615$10,833
5 years$10,727$10,215$9,729$9,267$8,830$8,078
6 years$8,849$8,341$7,862$7,411$6,987$6,266
7 years$7,509$7,005$6,533$6,093$5,682$4,992
8 years$6,504$6,004$5,541$5,111$4,714$4,055
9 years$5,723$5,228$4,772$4,354$3,970$3,342
10 years$5,098$4,608$4,161$3,753$3,382$2,785
11 years$4,587$4,102$3,663$3,266$2,909$2,342
12 years$4,162$3,682$3,251$2,865$2,521$1,982
13 years$3,803$3,328$2,904$2,529$2,198$1,688
14 years$3,495$3,025$2,610$2,245$1,927$1,444
15 years$3,228$2,763$2,356$2,002$1,697$1,241
16 years$2,995$2,535$2,136$1,793$1,499$1,069
17 years$2,789$2,335$1,944$1,611$1,330$924
18 years$2,607$2,157$1,774$1,452$1,182$800
19 years$2,444$1,999$1,624$1,312$1,054$695
20 years$2,298$1,858$1,491$1,188$941$604
21 years$2,165$1,731$1,371$1,078$842$526
22 years$2,045$1,615$1,264$980$755$459
23 years$1,935$1,511$1,167$893$678$400
24 years$1,835$1,416$1,079$814$609$350
25 years$1,743$1,328$1,000$744$548$306
26 years$1,658$1,249$927$680$494$268
27 years$1,579$1,175$861$622$445$234
28 years$1,507$1,107$800$570$402$205
29 years$1,439$1,045$745$523$363$180
30 years$1,376$986$694$480$328$158
31 years$1,317$933$647$441$296$138
32 years$1,262$882$603$405$268$121
33 years$1,211$836$563$373$243$107
34 years$1,162$792$526$343$220$94
35 years$1,117$751$492$316$199$82
36 years$1,074$713$460$291$180$72
37 years$1,033$677$431$268$163$63
38 years$995$644$404$247$148$56
39 years$959$612$378$228$134$49
40 years$924$582$354$210$122$43
41 years$892$554$332$194$110$38
42 years$861$528$312$179$100$33
43 years$831$503$292$165$91$29
44 years$803$479$275$152$83$26
45 years$776$457$258$141$75$23
46 years$751$436$242$130$68$20
47 years$727$416$227$120$62$17
48 years$703$397$214$111$56$15
49 years$681$379$201$103$51$13
50 years$660$362$189$95$46$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $676,000, adding $5,853 every year, while hoping to spend $53,687 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: 37/41/22 Blend
39$676,000$676,000$676,000$676,000
40$750,989$715,161$704,683$773,622
41$770,468$693,082$671,168$768,566
42$790,134$668,121$634,730$757,681
43$809,949$640,081$595,215$744,838
44$829,872$608,752$552,463$729,891
45$849,851$573,914$506,303$712,687
46$869,832$535,331$456,560$693,063
47$889,749$492,757$403,049$670,844
48$909,531$445,929$345,578$645,843
49$929,094$394,571$283,947$617,864
50$948,347$338,391$217,944$586,695
51$967,185$277,079$147,352$552,111
52$985,491$210,309$71,942$513,872
53$1,003,134$137,736$0$471,722
54$1,019,965$58,997$0$427,391
55$1,035,820$0$0$396,736
56$1,050,515$0$0$374,465
57$1,063,843$0$0$378,203
58$1,075,575$0$0$381,236
59$1,085,455$0$0$383,459
60$1,093,199$0$0$384,754
61$1,098,489$0$0$384,990
62$1,100,972$0$0$384,021
63$1,100,257$0$0$381,686
64$1,095,910$0$0$377,805
65$1,087,447$0$0$372,179
66$1,074,334$0$0$364,589
67$1,055,975$0$0$354,789
68$1,031,714$0$0$342,510
69$1,000,822$0$0$327,452
70$962,490$0$0$309,283
71$915,825$0$0$287,636
72$859,838$0$0$262,106
73$793,435$0$0$232,243
74$715,403$0$0$197,552
75$624,406$0$0$157,483
76$518,961$0$0$111,430
77$397,433$0$0$58,723
78$258,014$0$0$0
79$98,706$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0