Can I retire at age 40 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$55,906$55,408$54,922$54,448$53,985$52,090
2 years$27,676$27,161$26,661$26,177$25,707$23,818
3 years$18,268$17,750$17,252$16,772$16,310$14,486
4 years$13,564$13,048$12,555$12,083$11,632$9,887
5 years$10,743$10,230$9,743$9,281$8,843$7,181
6 years$8,863$8,353$7,874$7,422$6,997$5,420
7 years$7,520$7,015$6,543$6,102$5,690$4,198
8 years$6,514$6,013$5,549$5,119$4,721$3,312
9 years$5,731$5,236$4,779$4,360$3,975$2,648
10 years$5,106$4,615$4,167$3,759$3,387$2,140
11 years$4,594$4,108$3,668$3,271$2,913$1,742
12 years$4,168$3,688$3,256$2,869$2,525$1,428
13 years$3,808$3,332$2,909$2,533$2,201$1,175
14 years$3,500$3,029$2,613$2,249$1,930$972
15 years$3,233$2,767$2,360$2,005$1,699$806
16 years$2,999$2,539$2,139$1,796$1,502$670
17 years$2,794$2,338$1,947$1,613$1,331$559
18 years$2,611$2,161$1,777$1,454$1,184$466
19 years$2,448$2,002$1,627$1,314$1,055$390
20 years$2,301$1,861$1,493$1,190$943$327
21 years$2,168$1,733$1,373$1,080$843$274
22 years$2,048$1,618$1,266$982$756$230
23 years$1,938$1,513$1,169$894$679$193
24 years$1,838$1,418$1,081$816$610$162
25 years$1,745$1,330$1,001$745$549$136
26 years$1,660$1,250$928$681$494$114
27 years$1,582$1,177$862$623$446$96
28 years$1,509$1,109$801$571$402$81
29 years$1,441$1,046$746$524$363$68
30 years$1,378$988$695$481$328$57
31 years$1,319$934$648$441$297$48
32 years$1,264$884$604$406$268$41
33 years$1,212$837$564$373$243$34
34 years$1,164$793$527$343$220$29
35 years$1,118$752$493$316$199$24
36 years$1,075$714$461$291$180$20
37 years$1,035$678$432$268$164$17
38 years$996$645$404$247$148$14
39 years$960$613$379$228$134$12
40 years$926$583$355$210$122$10
41 years$893$555$333$194$111$9
42 years$862$529$312$179$100$7
43 years$832$504$293$165$91$6
44 years$804$480$275$153$83$5
45 years$778$458$258$141$75$4
46 years$752$437$242$130$68$4
47 years$728$417$228$120$62$3
48 years$705$398$214$111$56$3
49 years$682$380$201$103$51$2
50 years$661$363$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 $677,000, adding $5,776 every year, while hoping to spend $53,628 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: 78/13/9 Blend
39$677,000$677,000$677,000$677,000
40$752,012$716,131$705,637$809,163
41$771,657$694,162$672,217$825,550
42$791,509$669,318$635,879$836,006
43$811,532$641,404$596,469$845,909
44$831,685$610,209$553,828$855,181
45$851,920$575,513$507,785$863,737
46$872,185$537,082$458,164$871,480
47$892,418$494,669$404,783$878,309
48$912,550$448,013$347,448$884,111
49$932,502$396,838$285,960$888,761
50$952,186$340,851$220,108$892,125
51$971,501$279,745$149,674$894,055
52$990,336$213,194$74,429$894,388
53$1,008,563$140,854$0$892,947
54$1,026,042$62,361$0$890,101
55$1,042,614$0$0$892,740
56$1,058,101$0$0$896,741
57$1,072,307$0$0$908,550
58$1,085,009$0$0$919,053
59$1,095,961$0$0$928,040
60$1,104,889$0$0$935,273
61$1,111,488$0$0$940,490
62$1,115,418$0$0$943,398
63$1,116,301$0$0$943,673
64$1,113,718$0$0$940,954
65$1,107,204$0$0$934,839
66$1,096,242$0$0$924,885
67$1,080,259$0$0$910,599
68$1,058,619$0$0$891,433
69$1,030,621$0$0$866,784
70$995,483$0$0$835,979
71$952,342$0$0$798,277
72$900,244$0$0$752,855
73$838,131$0$0$698,805
74$764,834$0$0$635,121
75$679,058$0$0$560,689
76$579,374$0$0$474,280
77$464,200$0$0$374,534
78$331,789$0$0$259,947
79$180,210$0$0$128,861
80$7,329$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