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%15%
1 years$55,906$55,408$54,922$54,448$53,985$52,873
2 years$27,676$27,161$26,661$26,177$25,707$24,592
3 years$18,268$17,750$17,252$16,772$16,310$15,226
4 years$13,564$13,048$12,555$12,083$11,632$10,589
5 years$10,743$10,230$9,743$9,281$8,843$7,842
6 years$8,863$8,353$7,874$7,422$6,997$6,040
7 years$7,520$7,015$6,543$6,102$5,690$4,778
8 years$6,514$6,013$5,549$5,119$4,721$3,852
9 years$5,731$5,236$4,779$4,360$3,975$3,150
10 years$5,106$4,615$4,167$3,759$3,387$2,604
11 years$4,594$4,108$3,668$3,271$2,913$2,171
12 years$4,168$3,688$3,256$2,869$2,525$1,823
13 years$3,808$3,332$2,909$2,533$2,201$1,539
14 years$3,500$3,029$2,613$2,249$1,930$1,305
15 years$3,233$2,767$2,360$2,005$1,699$1,111
16 years$2,999$2,539$2,139$1,796$1,502$949
17 years$2,794$2,338$1,947$1,613$1,331$812
18 years$2,611$2,161$1,777$1,454$1,184$697
19 years$2,448$2,002$1,627$1,314$1,055$599
20 years$2,301$1,861$1,493$1,190$943$516
21 years$2,168$1,733$1,373$1,080$843$445
22 years$2,048$1,618$1,266$982$756$384
23 years$1,938$1,513$1,169$894$679$332
24 years$1,838$1,418$1,081$816$610$287
25 years$1,745$1,330$1,001$745$549$248
26 years$1,660$1,250$928$681$494$215
27 years$1,582$1,177$862$623$446$186
28 years$1,509$1,109$801$571$402$162
29 years$1,441$1,046$746$524$363$140
30 years$1,378$988$695$481$328$122
31 years$1,319$934$648$441$297$106
32 years$1,264$884$604$406$268$92
33 years$1,212$837$564$373$243$80
34 years$1,164$793$527$343$220$69
35 years$1,118$752$493$316$199$60
36 years$1,075$714$461$291$180$52
37 years$1,035$678$432$268$164$45
38 years$996$645$404$247$148$39
39 years$960$613$379$228$134$34
40 years$926$583$355$210$122$30
41 years$893$555$333$194$111$26
42 years$862$529$312$179$100$22
43 years$832$504$293$165$91$20
44 years$804$480$275$153$83$17
45 years$778$458$258$141$75$15
46 years$752$437$242$130$68$13
47 years$728$417$228$120$62$11
48 years$705$398$214$111$56$10
49 years$682$380$201$103$51$8
50 years$661$363$189$95$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $677,000, adding $4,129 every year, while hoping to spend $23,274 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: 41/33/26 Blend
39$677,000$677,000$677,000$677,000
40$750,313$714,432$703,939$775,193
41$802,082$724,676$702,757$803,747
42$858,351$734,642$700,756$832,135
43$919,554$744,291$697,883$862,410
44$986,171$753,583$694,085$894,760
45$1,058,726$762,475$689,302$929,392
46$1,137,799$770,919$683,477$966,535
47$1,224,027$778,866$676,545$1,006,444
48$1,318,110$786,263$668,442$1,049,398
49$1,420,820$793,053$659,098$1,095,709
50$1,533,007$799,176$648,441$1,145,720
51$1,655,606$804,568$636,396$1,199,811
52$1,789,647$809,160$622,884$1,258,403
53$1,936,262$812,880$607,822$1,321,961
54$2,096,700$815,651$591,124$1,390,998
55$2,272,336$817,390$572,699$1,466,082
56$2,464,682$818,010$552,452$1,547,843
57$2,675,406$817,419$530,285$1,636,974
58$2,906,342$815,517$506,094$1,734,242
59$3,159,512$812,201$479,772$1,840,496
60$3,437,142$807,358$451,204$1,956,673
61$3,741,684$800,873$420,273$2,083,809
62$4,075,840$792,619$386,856$2,223,047
63$4,442,582$782,464$350,822$2,375,651
64$4,845,190$770,269$312,039$2,543,016
65$5,287,271$755,884$270,364$2,726,686
66$5,772,803$739,152$225,651$2,928,361
67$6,306,165$719,907$177,747$3,149,923
68$6,892,183$697,972$126,490$3,393,448
69$7,536,172$673,159$71,715$3,661,227
70$8,243,990$645,272$13,245$3,955,793
71$9,022,087$614,101$0$4,279,937
72$9,877,573$579,425$0$4,650,381
73$10,818,278$541,009$0$5,061,700
74$11,852,830$498,607$0$5,514,028
75$12,990,736$451,956$0$6,011,569
76$14,242,470$400,780$0$6,558,959
77$15,619,570$344,787$0$7,161,311
78$17,134,753$283,667$0$7,824,262
79$18,802,026$217,096$0$8,554,028
80$20,636,827$144,728$0$9,357,464
81$22,656,163$66,199$0$10,242,127
82$24,878,773$0$0$11,216,352
83$27,325,309$0$0$12,296,182
84$30,018,521$0$0$13,511,456
85$32,983,480$0$0$14,849,461
86$36,247,813$0$0$16,322,678
87$39,841,957$0$0$17,944,858
88$43,799,456$0$0$19,731,154
89$48,157,269$0$0$21,698,264
90$52,956,122$0$0$23,864,587
91$58,240,893$0$0$26,250,398
92$64,061,032$0$0$28,878,037
93$70,471,032$0$0$31,772,124
94$77,530,939$0$0$34,959,786
95$85,306,920$0$0$38,470,917
96$93,871,888$0$0$42,338,459
97$103,306,188$0$0$46,598,710
98$113,698,356$0$0$51,291,671
99$125,145,956$0$0$56,461,421
100$137,756,498$0$0$62,156,532