Can I retire at age 40 with 677,000?

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 $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%19.8%
1 years$55,906$55,408$54,922$54,448$53,985$51,863
2 years$27,676$27,161$26,661$26,177$25,707$23,596
3 years$18,268$17,750$17,252$16,772$16,310$14,275
4 years$13,564$13,048$12,555$12,083$11,632$9,689
5 years$10,743$10,230$9,743$9,281$8,843$6,997
6 years$8,863$8,353$7,874$7,422$6,997$5,249
7 years$7,520$7,015$6,543$6,102$5,690$4,040
8 years$6,514$6,013$5,549$5,119$4,721$3,167
9 years$5,731$5,236$4,779$4,360$3,975$2,515
10 years$5,106$4,615$4,167$3,759$3,387$2,018
11 years$4,594$4,108$3,668$3,271$2,913$1,631
12 years$4,168$3,688$3,256$2,869$2,525$1,327
13 years$3,808$3,332$2,909$2,533$2,201$1,084
14 years$3,500$3,029$2,613$2,249$1,930$890
15 years$3,233$2,767$2,360$2,005$1,699$732
16 years$2,999$2,539$2,139$1,796$1,502$604
17 years$2,794$2,338$1,947$1,613$1,331$499
18 years$2,611$2,161$1,777$1,454$1,184$413
19 years$2,448$2,002$1,627$1,314$1,055$343
20 years$2,301$1,861$1,493$1,190$943$285
21 years$2,168$1,733$1,373$1,080$843$236
22 years$2,048$1,618$1,266$982$756$197
23 years$1,938$1,513$1,169$894$679$164
24 years$1,838$1,418$1,081$816$610$136
25 years$1,745$1,330$1,001$745$549$113
26 years$1,660$1,250$928$681$494$95
27 years$1,582$1,177$862$623$446$79
28 years$1,509$1,109$801$571$402$66
29 years$1,441$1,046$746$524$363$55
30 years$1,378$988$695$481$328$46
31 years$1,319$934$648$441$297$38
32 years$1,264$884$604$406$268$32
33 years$1,212$837$564$373$243$27
34 years$1,164$793$527$343$220$22
35 years$1,118$752$493$316$199$18
36 years$1,075$714$461$291$180$15
37 years$1,035$678$432$268$164$13
38 years$996$645$404$247$148$11
39 years$960$613$379$228$134$9
40 years$926$583$355$210$122$7
41 years$893$555$333$194$111$6
42 years$862$529$312$179$100$5
43 years$832$504$293$165$91$4
44 years$804$480$275$153$83$4
45 years$778$458$258$141$75$3
46 years$752$437$242$130$68$3
47 years$728$417$228$120$62$2
48 years$705$398$214$111$56$2
49 years$682$380$201$103$51$1
50 years$661$363$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $677,000, adding $3,282 every year, while hoping to spend $26,020 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: 47/43/10 Blend
39$677,000$677,000$677,000$677,000
40$749,439$713,558$703,065$782,446
41$798,197$720,838$698,932$812,804
42$851,056$727,602$693,790$842,765
43$908,407$733,797$687,575$874,687
44$970,680$739,369$680,224$908,761
45$1,038,348$744,256$671,670$945,198
46$1,111,930$748,396$661,842$984,233
47$1,192,000$751,720$650,666$1,026,122
48$1,279,186$754,156$638,066$1,071,152
49$1,374,182$755,629$623,960$1,119,639
50$1,477,749$756,055$608,263$1,171,932
51$1,590,728$755,350$590,888$1,228,417
52$1,714,041$753,421$571,742$1,289,523
53$1,848,705$750,171$550,728$1,355,723
54$1,995,840$745,497$527,744$1,427,537
55$2,156,678$739,288$502,685$1,505,546
56$2,332,575$731,429$475,441$1,590,386
57$2,525,024$721,796$445,895$1,682,765
58$2,735,672$710,259$413,927$1,783,464
59$2,966,327$696,678$379,411$1,893,343
60$3,218,986$680,909$342,214$2,013,358
61$3,495,843$662,794$302,199$2,144,561
62$3,799,318$642,170$259,223$2,288,116
63$4,132,076$618,864$213,133$2,445,309
64$4,497,049$592,689$163,775$2,617,560
65$4,897,469$563,453$110,983$2,806,439
66$5,336,897$530,948$54,586$3,013,678
67$5,819,253$494,956$0$3,241,193
68$6,348,856$455,248$0$3,491,693
69$6,930,463$411,580$0$3,773,171
70$7,569,316$363,693$0$4,082,394
71$8,271,189$311,316$0$4,422,230
72$9,042,441$254,162$0$4,795,843
73$9,890,081$191,926$0$5,206,726
74$10,821,826$124,288$0$5,658,732
75$11,846,183$50,909$0$6,156,113
76$12,972,521$0$0$6,703,561
77$14,211,164$0$0$7,319,770
78$15,573,484$0$0$8,024,086
79$17,072,014$0$0$8,798,910
80$18,720,560$0$0$9,651,392
81$20,534,334$0$0$10,589,409
82$22,530,098$0$0$11,621,641
83$24,726,320$0$0$12,757,653
84$27,143,348$0$0$14,007,982
85$29,803,604$0$0$15,384,240
86$32,731,792$0$0$16,899,220
87$35,955,135$0$0$18,567,021
88$39,503,626$0$0$20,403,176
89$43,410,318$0$0$22,424,801
90$47,711,627$0$0$24,650,759
91$52,447,684$0$0$27,101,831
92$57,662,707$0$0$29,800,917
93$63,405,421$0$0$32,773,254
94$69,729,517$0$0$36,046,648
95$76,694,159$0$0$39,651,739
96$84,364,539$0$0$43,622,292
97$92,812,496$0$0$47,995,512
98$102,117,193$0$0$52,812,399
99$112,365,860$0$0$58,118,131
100$123,654,621$0$0$63,962,492