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%14.7%
1 years$55,823$55,326$54,841$54,368$53,905$52,860
2 years$27,635$27,121$26,622$26,138$25,669$24,620
3 years$18,241$17,724$17,226$16,747$16,286$15,266
4 years$13,544$13,029$12,536$12,065$11,615$10,632
5 years$10,727$10,215$9,729$9,267$8,830$7,887
6 years$8,849$8,341$7,862$7,411$6,987$6,084
7 years$7,509$7,005$6,533$6,093$5,682$4,821
8 years$6,504$6,004$5,541$5,111$4,714$3,893
9 years$5,723$5,228$4,772$4,354$3,970$3,190
10 years$5,098$4,608$4,161$3,753$3,382$2,642
11 years$4,587$4,102$3,663$3,266$2,909$2,207
12 years$4,162$3,682$3,251$2,865$2,521$1,857
13 years$3,803$3,328$2,904$2,529$2,198$1,571
14 years$3,495$3,025$2,610$2,245$1,927$1,335
15 years$3,228$2,763$2,356$2,002$1,697$1,139
16 years$2,995$2,535$2,136$1,793$1,499$974
17 years$2,789$2,335$1,944$1,611$1,330$836
18 years$2,607$2,157$1,774$1,452$1,182$719
19 years$2,444$1,999$1,624$1,312$1,054$620
20 years$2,298$1,858$1,491$1,188$941$535
21 years$2,165$1,731$1,371$1,078$842$462
22 years$2,045$1,615$1,264$980$755$400
23 years$1,935$1,511$1,167$893$678$346
24 years$1,835$1,416$1,079$814$609$300
25 years$1,743$1,328$1,000$744$548$260
26 years$1,658$1,249$927$680$494$226
27 years$1,579$1,175$861$622$445$196
28 years$1,507$1,107$800$570$402$171
29 years$1,439$1,045$745$523$363$148
30 years$1,376$986$694$480$328$129
31 years$1,317$933$647$441$296$112
32 years$1,262$882$603$405$268$98
33 years$1,211$836$563$373$243$85
34 years$1,162$792$526$343$220$74
35 years$1,117$751$492$316$199$64
36 years$1,074$713$460$291$180$56
37 years$1,033$677$431$268$163$49
38 years$995$644$404$247$148$43
39 years$959$612$378$228$134$37
40 years$924$582$354$210$122$32
41 years$892$554$332$194$110$28
42 years$861$528$312$179$100$25
43 years$831$503$292$165$91$21
44 years$803$479$275$152$83$19
45 years$776$457$258$141$75$16
46 years$751$436$242$130$68$14
47 years$727$416$227$120$62$12
48 years$703$397$214$111$56$11
49 years$681$379$201$103$51$9
50 years$660$362$189$95$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $676,000, adding $4,813 every year, while hoping to spend $35,400 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: 65/23/12 Blend
39$676,000$676,000$676,000$676,000
40$749,917$714,089$703,611$796,310
41$788,743$711,414$689,516$825,206
42$830,343$707,421$673,763$852,184
43$874,962$702,009$656,259$880,768
44$922,870$695,070$636,905$911,113
45$974,363$686,488$615,602$943,391
46$1,029,765$676,142$592,241$977,792
47$1,089,432$663,905$566,712$1,014,526
48$1,153,756$649,638$538,899$1,053,826
49$1,223,167$633,198$508,680$1,095,951
50$1,298,137$614,432$475,928$1,141,187
51$1,379,186$593,179$440,511$1,189,850
52$1,466,884$569,265$402,289$1,242,290
53$1,561,859$542,512$361,118$1,298,896
54$1,664,799$512,725$316,846$1,360,095
55$1,776,464$479,704$269,316$1,426,364
56$1,897,687$443,233$218,362$1,498,227
57$2,029,385$403,086$163,811$1,576,265
58$2,172,568$359,023$105,484$1,661,121
59$2,328,346$310,791$43,193$1,753,506
60$2,497,939$258,121$0$1,854,206
61$2,682,692$200,732$0$1,967,071
62$2,884,084$138,325$0$2,096,177
63$3,103,741$70,585$0$2,237,078
64$3,343,457$0$0$2,390,976
65$3,605,202$0$0$2,559,913
66$3,891,148$0$0$2,764,027
67$4,203,684$0$0$2,987,166
68$4,545,442$0$0$3,231,213
69$4,919,317$0$0$3,498,242
70$5,328,501$0$0$3,790,538
71$5,776,505$0$0$4,110,616
72$6,267,196$0$0$4,461,245
73$6,804,836$0$0$4,845,476
74$7,394,113$0$0$5,266,667
75$8,040,195$0$0$5,728,519
76$8,748,772$0$0$6,235,106
77$9,526,111$0$0$6,790,917
78$10,379,114$0$0$7,400,896
79$11,315,387$0$0$8,070,487
80$12,343,303$0$0$8,805,690
81$13,472,090$0$0$9,613,112
82$14,711,911$0$0$10,500,032
83$16,073,962$0$0$11,474,468
84$17,570,578$0$0$12,545,256
85$19,215,346$0$0$13,722,126
86$21,023,236$0$0$15,015,801
87$23,010,741$0$0$16,438,091
88$25,196,031$0$0$18,002,012
89$27,599,122$0$0$19,721,901
90$30,242,072$0$0$21,613,554
91$33,149,180$0$0$23,694,377
92$36,347,218$0$0$25,983,545
93$39,865,687$0$0$28,502,187
94$43,737,087$0$0$31,273,583
95$47,997,231$0$0$34,323,382
96$52,685,577$0$0$37,679,848
97$57,845,602$0$0$41,374,120
98$63,525,212$0$0$45,440,513
99$69,777,191$0$0$49,916,834
100$76,659,703$0$0$54,844,744