Can I retire at age 40 with 678,000?

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 $678,000?

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%
1 years$55,989$55,490$55,003$54,528$54,065$52,930
2 years$27,717$27,201$26,701$26,216$25,745$24,607
3 years$18,295$17,776$17,277$16,797$16,334$15,228
4 years$13,584$13,067$12,573$12,101$11,649$10,585
5 years$10,759$10,245$9,757$9,295$8,856$7,835
6 years$8,876$8,366$7,885$7,433$7,007$6,031
7 years$7,531$7,026$6,553$6,111$5,699$4,768
8 years$6,523$6,022$5,557$5,126$4,728$3,842
9 years$5,740$5,243$4,787$4,367$3,981$3,140
10 years$5,113$4,622$4,173$3,764$3,392$2,594
11 years$4,601$4,115$3,674$3,276$2,917$2,162
12 years$4,174$3,693$3,260$2,873$2,528$1,814
13 years$3,814$3,337$2,913$2,537$2,205$1,530
14 years$3,505$3,034$2,617$2,252$1,933$1,297
15 years$3,238$2,771$2,363$2,008$1,702$1,103
16 years$3,004$2,543$2,142$1,798$1,504$942
17 years$2,798$2,342$1,950$1,616$1,333$806
18 years$2,615$2,164$1,780$1,456$1,186$691
19 years$2,451$2,005$1,629$1,316$1,057$593
20 years$2,304$1,863$1,495$1,192$944$511
21 years$2,172$1,736$1,375$1,081$845$440
22 years$2,051$1,620$1,268$983$757$379
23 years$1,941$1,515$1,170$895$680$328
24 years$1,840$1,420$1,082$817$611$283
25 years$1,748$1,332$1,003$746$550$245
26 years$1,663$1,252$930$682$495$212
27 years$1,584$1,179$863$624$446$183
28 years$1,511$1,111$803$572$403$159
29 years$1,443$1,048$747$524$364$138
30 years$1,380$989$696$481$329$119
31 years$1,321$935$649$442$297$103
32 years$1,266$885$605$406$269$90
33 years$1,214$838$565$374$243$78
34 years$1,166$794$528$344$220$68
35 years$1,120$753$494$316$199$59
36 years$1,077$715$462$291$181$51
37 years$1,036$679$432$269$164$44
38 years$998$645$405$248$149$38
39 years$961$614$379$228$135$33
40 years$927$584$355$210$122$29
41 years$894$556$333$194$111$25
42 years$863$529$313$179$101$22
43 years$834$504$293$165$91$19
44 years$806$481$275$153$83$16
45 years$779$458$259$141$75$14
46 years$753$437$243$130$68$12
47 years$729$417$228$120$62$11
48 years$706$398$214$111$56$9
49 years$683$381$202$103$51$8
50 years$662$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 $678,000, adding $2,307 every year, while hoping to spend $26,195 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: 40/32/28 Blend
39$678,000$678,000$678,000$678,000
40$749,536$713,602$703,093$773,241
41$798,117$720,697$698,775$797,781
42$850,776$727,262$693,435$821,709
43$907,900$733,243$687,010$847,097
44$969,917$738,583$679,436$874,097
45$1,037,296$743,221$670,644$902,874
46$1,110,554$747,092$660,565$933,614
47$1,190,259$750,128$649,122$966,523
48$1,277,036$752,255$636,238$1,001,830
49$1,371,574$753,396$621,832$1,039,788
50$1,474,629$753,467$605,819$1,080,679
51$1,587,035$752,381$588,108$1,124,814
52$1,709,710$750,045$568,607$1,172,541
53$1,843,663$746,359$547,217$1,224,241
54$1,990,005$741,219$523,837$1,280,342
55$2,149,960$734,514$498,360$1,341,313
56$2,324,875$726,124$470,675$1,407,677
57$2,516,233$715,925$440,663$1,480,011
58$2,725,668$703,785$408,205$1,558,957
59$2,954,978$689,562$373,171$1,645,223
60$3,206,143$673,108$335,430$1,739,592
61$3,481,344$654,265$294,842$1,842,935
62$3,782,983$632,866$251,261$1,956,210
63$4,113,706$608,735$204,537$2,080,482
64$4,476,425$581,684$154,510$2,216,926
65$4,874,351$551,516$101,016$2,366,843
66$5,311,016$518,022$43,881$2,531,670
67$5,790,315$480,981$0$2,712,997
68$6,316,536$440,157$0$2,917,688
69$6,894,403$395,306$0$3,156,903
70$7,529,120$346,164$0$3,419,723
71$8,226,421$292,456$0$3,708,582
72$8,992,620$233,891$0$4,026,166
73$9,834,675$170,159$0$4,375,437
74$10,760,251$100,936$0$4,759,665
75$11,777,793$25,878$0$5,182,456
76$12,896,604$0$0$5,647,788
77$14,126,934$0$0$6,179,551
78$15,480,076$0$0$6,774,517
79$16,968,473$0$0$7,429,056
80$18,605,834$0$0$8,149,209
81$20,407,263$0$0$8,941,633
82$22,389,401$0$0$9,813,663
83$24,570,587$0$0$10,773,378
84$26,971,024$0$0$11,829,685
85$29,612,974$0$0$12,992,393
86$32,520,966$0$0$14,272,315
87$35,722,029$0$0$15,681,361
88$39,245,944$0$0$17,232,658
89$43,125,526$0$0$18,940,669
90$47,396,936$0$0$20,821,331
91$52,100,016$0$0$22,892,204
92$57,278,672$0$0$25,172,641
93$62,981,280$0$0$27,683,963
94$69,261,151$0$0$30,449,667
95$76,177,025$0$0$33,495,644
96$83,793,632$0$0$36,850,424
97$92,182,300$0$0$40,545,446
98$101,421,625$0$0$44,615,353
99$111,598,220$0$0$49,098,319
100$122,807,521$0$0$54,036,413