Can I retire at age 40 with 678,000?

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 $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%13.8%
1 years$55,989$55,490$55,003$54,528$54,065$53,213
2 years$27,717$27,201$26,701$26,216$25,745$24,889
3 years$18,295$17,776$17,277$16,797$16,334$15,500
4 years$13,584$13,067$12,573$12,101$11,649$10,845
5 years$10,759$10,245$9,757$9,295$8,856$8,082
6 years$8,876$8,366$7,885$7,433$7,007$6,266
7 years$7,531$7,026$6,553$6,111$5,699$4,990
8 years$6,523$6,022$5,557$5,126$4,728$4,051
9 years$5,740$5,243$4,787$4,367$3,981$3,336
10 years$5,113$4,622$4,173$3,764$3,392$2,779
11 years$4,601$4,115$3,674$3,276$2,917$2,335
12 years$4,174$3,693$3,260$2,873$2,528$1,975
13 years$3,814$3,337$2,913$2,537$2,205$1,681
14 years$3,505$3,034$2,617$2,252$1,933$1,437
15 years$3,238$2,771$2,363$2,008$1,702$1,234
16 years$3,004$2,543$2,142$1,798$1,504$1,062
17 years$2,798$2,342$1,950$1,616$1,333$918
18 years$2,615$2,164$1,780$1,456$1,186$794
19 years$2,451$2,005$1,629$1,316$1,057$689
20 years$2,304$1,863$1,495$1,192$944$599
21 years$2,172$1,736$1,375$1,081$845$521
22 years$2,051$1,620$1,268$983$757$454
23 years$1,941$1,515$1,170$895$680$396
24 years$1,840$1,420$1,082$817$611$346
25 years$1,748$1,332$1,003$746$550$302
26 years$1,663$1,252$930$682$495$264
27 years$1,584$1,179$863$624$446$231
28 years$1,511$1,111$803$572$403$202
29 years$1,443$1,048$747$524$364$177
30 years$1,380$989$696$481$329$155
31 years$1,321$935$649$442$297$136
32 years$1,266$885$605$406$269$119
33 years$1,214$838$565$374$243$105
34 years$1,166$794$528$344$220$92
35 years$1,120$753$494$316$199$80
36 years$1,077$715$462$291$181$71
37 years$1,036$679$432$269$164$62
38 years$998$645$405$248$149$54
39 years$961$614$379$228$135$48
40 years$927$584$355$210$122$42
41 years$894$556$333$194$111$37
42 years$863$529$313$179$101$32
43 years$834$504$293$165$91$28
44 years$806$481$275$153$83$25
45 years$779$458$259$141$75$22
46 years$753$437$243$130$68$19
47 years$729$417$228$120$62$17
48 years$706$398$214$111$56$15
49 years$683$381$202$103$51$13
50 years$662$363$189$95$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $678,000, adding $4,006 every year, while hoping to spend $22,959 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: 50/41/9 Blend
39$678,000$678,000$678,000$678,000
40$751,288$715,354$704,845$786,881
41$803,491$725,978$704,029$822,255
42$860,250$736,354$702,417$857,899
43$922,004$746,444$699,956$896,095
44$989,238$756,209$696,595$937,089
45$1,062,486$765,609$692,276$981,152
46$1,142,334$774,598$686,941$1,028,582
47$1,229,427$783,129$680,529$1,079,710
48$1,324,478$791,151$672,976$1,134,899
49$1,428,267$798,610$664,213$1,194,551
50$1,541,657$805,448$654,171$1,259,109
51$1,665,595$811,605$642,775$1,329,062
52$1,801,126$817,013$629,948$1,404,950
53$1,949,398$821,605$615,609$1,487,370
54$2,111,678$825,304$599,673$1,576,978
55$2,289,359$828,034$582,052$1,674,500
56$2,483,975$829,709$562,652$1,780,738
57$2,697,217$830,242$541,378$1,896,575
58$2,930,946$829,536$518,126$2,022,987
59$3,187,211$827,492$492,792$2,161,050
60$3,468,271$824,003$465,265$2,311,953
61$3,776,612$818,956$435,428$2,477,006
62$4,114,972$812,232$403,161$2,657,655
63$4,486,370$803,701$368,338$2,855,496
64$4,894,127$793,230$330,825$3,072,291
65$5,341,906$780,676$290,485$3,309,981
66$5,833,738$765,887$247,174$3,570,711
67$6,374,066$748,702$200,741$3,856,846
68$6,967,784$728,952$151,029$4,170,994
69$7,620,284$706,456$97,875$4,516,034
70$8,337,505$681,025$41,105$4,895,140
71$9,125,991$652,455$0$5,311,816
72$9,992,951$620,535$0$5,771,794
73$10,946,329$585,038$0$6,281,800
74$11,994,875$545,726$0$6,842,602
75$13,148,232$502,346$0$7,459,403
76$14,417,022$454,631$0$8,137,944
77$15,812,950$402,300$0$8,884,550
78$17,348,913$345,055$0$9,706,201
79$19,039,121$282,581$0$10,610,590
80$20,899,228$214,545$0$11,606,200
81$22,946,488$140,596$0$12,702,386
82$25,199,907$60,362$0$13,909,462
83$27,680,431$0$0$15,238,800
84$30,411,137$0$0$16,714,915
85$33,417,455$0$0$18,370,086
86$36,727,406$0$0$20,192,516
87$40,371,866$0$0$22,199,218
88$44,384,855$0$0$24,408,936
89$48,803,863$0$0$26,842,326
90$53,670,201$0$0$29,522,147
91$59,029,388$0$0$32,473,480
92$64,931,584$0$0$35,723,961
93$71,432,061$0$0$39,304,044
94$78,591,728$0$0$43,247,287
95$86,477,698$0$0$47,590,668
96$95,163,931$0$0$52,374,938
97$104,731,922$0$0$57,645,000
98$115,271,479$0$0$63,450,333
99$126,881,563$0$0$69,845,465
100$139,671,225$0$0$76,890,482