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%11.8%
1 years$55,906$55,408$54,922$54,448$53,985$53,577
2 years$27,676$27,161$26,661$26,177$25,707$25,296
3 years$18,268$17,750$17,252$16,772$16,310$15,908
4 years$13,564$13,048$12,555$12,083$11,632$11,243
5 years$10,743$10,230$9,743$9,281$8,843$8,467
6 years$8,863$8,353$7,874$7,422$6,997$6,636
7 years$7,520$7,015$6,543$6,102$5,690$5,343
8 years$6,514$6,013$5,549$5,119$4,721$4,388
9 years$5,731$5,236$4,779$4,360$3,975$3,657
10 years$5,106$4,615$4,167$3,759$3,387$3,083
11 years$4,594$4,108$3,668$3,271$2,913$2,622
12 years$4,168$3,688$3,256$2,869$2,525$2,247
13 years$3,808$3,332$2,909$2,533$2,201$1,937
14 years$3,500$3,029$2,613$2,249$1,930$1,679
15 years$3,233$2,767$2,360$2,005$1,699$1,460
16 years$2,999$2,539$2,139$1,796$1,502$1,275
17 years$2,794$2,338$1,947$1,613$1,331$1,117
18 years$2,611$2,161$1,777$1,454$1,184$981
19 years$2,448$2,002$1,627$1,314$1,055$863
20 years$2,301$1,861$1,493$1,190$943$761
21 years$2,168$1,733$1,373$1,080$843$672
22 years$2,048$1,618$1,266$982$756$595
23 years$1,938$1,513$1,169$894$679$527
24 years$1,838$1,418$1,081$816$610$467
25 years$1,745$1,330$1,001$745$549$414
26 years$1,660$1,250$928$681$494$368
27 years$1,582$1,177$862$623$446$327
28 years$1,509$1,109$801$571$402$291
29 years$1,441$1,046$746$524$363$259
30 years$1,378$988$695$481$328$231
31 years$1,319$934$648$441$297$206
32 years$1,264$884$604$406$268$183
33 years$1,212$837$564$373$243$163
34 years$1,164$793$527$343$220$146
35 years$1,118$752$493$316$199$130
36 years$1,075$714$461$291$180$116
37 years$1,035$678$432$268$164$104
38 years$996$645$404$247$148$93
39 years$960$613$379$228$134$83
40 years$926$583$355$210$122$74
41 years$893$555$333$194$111$66
42 years$862$529$312$179$100$59
43 years$832$504$293$165$91$53
44 years$804$480$275$153$83$47
45 years$778$458$258$141$75$42
46 years$752$437$242$130$68$38
47 years$728$417$228$120$62$34
48 years$705$398$214$111$56$30
49 years$682$380$201$103$51$27
50 years$661$363$189$95$46$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $677,000, adding $2,883 every year, while hoping to spend $27,345 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: 66/28/6 Blend
39$677,000$677,000$677,000$677,000
40$749,028$713,147$702,653$797,573
41$796,334$718,996$697,097$836,016
42$847,548$724,216$690,439$874,462
43$903,042$728,745$682,612$915,747
44$963,220$732,522$673,547$960,144
45$1,028,531$735,478$663,173$1,007,955
46$1,099,466$737,541$651,415$1,059,510
47$1,176,566$738,635$638,191$1,115,177
48$1,260,426$738,679$623,422$1,175,358
49$1,351,701$737,586$607,018$1,240,501
50$1,451,112$735,265$588,890$1,311,097
51$1,559,452$731,619$568,944$1,387,687
52$1,677,592$726,544$547,080$1,470,870
53$1,806,493$719,932$523,194$1,561,306
54$1,947,212$711,666$497,178$1,659,723
55$2,100,914$701,623$468,919$1,766,925
56$2,268,878$689,673$438,299$1,883,797
57$2,452,515$675,679$405,193$2,011,318
58$2,653,377$659,493$369,473$2,150,565
59$2,873,175$640,961$331,004$2,302,729
60$3,113,790$619,920$289,644$2,469,122
61$3,377,297$596,196$245,247$2,651,191
62$3,665,976$569,605$197,658$2,850,533
63$3,982,343$539,953$146,717$3,068,911
64$4,329,167$507,035$92,256$3,308,268
65$4,709,496$470,634$34,101$3,570,746
66$5,126,689$430,519$0$3,858,710
67$5,584,446$386,450$0$4,176,558
68$6,086,841$338,168$0$4,527,822
69$6,638,364$285,402$0$4,913,502
70$7,243,957$227,868$0$5,337,109
71$7,909,069$165,261$0$5,802,516
72$8,639,697$97,263$0$6,313,994
73$9,442,453$23,535$0$6,876,249
74$10,324,618$0$0$7,494,475
75$11,294,213$0$0$8,191,734
76$12,360,076$0$0$8,966,240
77$13,531,943$0$0$9,817,822
78$14,820,542$0$0$10,754,283
79$16,237,690$0$0$11,784,216
80$17,796,409$0$0$12,917,091
81$19,511,046$0$0$14,163,343
82$21,397,406$0$0$15,534,467
83$23,472,907$0$0$17,043,129
84$25,756,738$0$0$18,703,285
85$28,270,041$0$0$20,530,312
86$31,036,114$0$0$22,541,154
87$34,080,626$0$0$24,754,480
88$37,431,861$0$0$27,190,859
89$41,120,985$0$0$29,872,959
90$45,182,339$0$0$32,825,756
91$49,653,761$0$0$36,076,768
92$54,576,948$0$0$39,656,322
93$59,997,842$0$0$43,597,832
94$65,967,071$0$0$47,938,117
95$72,540,418$0$0$52,717,751
96$79,779,355$0$0$57,981,441
97$87,751,617$0$0$63,778,451
98$96,531,845$0$0$70,163,067
99$106,202,288$0$0$77,195,110
100$116,853,579$0$0$84,940,496