Can I retire at age 40 with 680,000?

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 $680,000?

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$56,154$55,654$55,166$54,689$54,224$52,093
2 years$27,799$27,281$26,779$26,293$25,821$23,700
3 years$18,349$17,829$17,328$16,846$16,382$14,338
4 years$13,624$13,106$12,610$12,137$11,684$9,732
5 years$10,790$10,275$9,786$9,322$8,882$7,028
6 years$8,902$8,390$7,909$7,455$7,028$5,273
7 years$7,553$7,046$6,572$6,129$5,716$4,058
8 years$6,542$6,040$5,574$5,142$4,742$3,181
9 years$5,757$5,259$4,801$4,379$3,993$2,526
10 years$5,128$4,635$4,185$3,775$3,402$2,027
11 years$4,615$4,127$3,685$3,286$2,926$1,639
12 years$4,187$3,704$3,270$2,882$2,536$1,333
13 years$3,825$3,347$2,922$2,544$2,211$1,089
14 years$3,515$3,043$2,625$2,258$1,938$894
15 years$3,247$2,779$2,370$2,014$1,707$735
16 years$3,013$2,550$2,149$1,803$1,508$607
17 years$2,806$2,348$1,955$1,620$1,337$502
18 years$2,622$2,170$1,785$1,460$1,189$415
19 years$2,459$2,011$1,634$1,320$1,060$344
20 years$2,311$1,869$1,500$1,195$947$286
21 years$2,178$1,741$1,379$1,085$847$238
22 years$2,057$1,625$1,271$986$759$198
23 years$1,947$1,520$1,174$898$682$164
24 years$1,846$1,424$1,086$819$613$137
25 years$1,753$1,336$1,005$748$551$114
26 years$1,668$1,256$933$684$497$95
27 years$1,589$1,182$866$626$448$79
28 years$1,516$1,114$805$574$404$66
29 years$1,448$1,051$749$526$365$55
30 years$1,384$992$698$483$330$46
31 years$1,325$938$651$443$298$38
32 years$1,270$888$607$407$270$32
33 years$1,218$841$567$375$244$27
34 years$1,169$797$530$345$221$22
35 years$1,123$756$495$317$200$19
36 years$1,080$717$463$292$181$15
37 years$1,039$681$433$269$164$13
38 years$1,001$647$406$248$149$11
39 years$964$616$380$229$135$9
40 years$930$586$356$211$123$8
41 years$897$558$334$195$111$6
42 years$866$531$314$180$101$5
43 years$836$506$294$166$92$4
44 years$808$482$276$153$83$4
45 years$781$460$259$141$75$3
46 years$755$439$244$131$68$3
47 years$731$419$229$121$62$2
48 years$708$400$215$112$56$2
49 years$685$382$202$103$51$1
50 years$664$365$190$95$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $680,000, adding $3,788 every year, while hoping to spend $39,877 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: 33/45/22 Blend
39$680,000$680,000$680,000$680,000
40$753,267$717,227$706,687$772,933
41$787,672$709,943$687,933$780,665
42$824,249$700,965$667,213$785,102
43$863,178$690,168$644,421$789,067
44$904,657$677,420$619,443$792,544
45$948,899$662,581$592,161$795,517
46$996,141$645,502$562,453$797,976
47$1,046,641$626,025$530,189$799,909
48$1,100,681$603,983$495,233$801,311
49$1,158,574$579,202$457,447$802,179
50$1,220,659$551,493$416,681$802,516
51$1,287,309$520,659$372,784$802,329
52$1,358,936$486,492$325,593$801,634
53$1,435,988$448,771$274,941$800,451
54$1,518,961$407,263$220,654$798,809
55$1,608,396$361,721$162,547$796,750
56$1,704,891$311,883$100,431$794,322
57$1,809,101$257,476$34,106$791,590
58$1,921,744$198,207$0$788,630
59$2,043,613$133,770$0$794,144
60$2,175,576$63,840$0$808,740
61$2,318,590$0$0$824,587
62$2,473,707$0$0$847,803
63$2,642,082$0$0$907,403
64$2,824,988$0$0$972,236
65$3,023,822$0$0$1,042,809
66$3,240,124$0$0$1,119,679
67$3,475,586$0$0$1,203,460
68$3,732,072$0$0$1,294,829
69$4,011,633$0$0$1,394,529
70$4,316,523$0$0$1,503,379
71$4,649,227$0$0$1,622,279
72$5,012,477$0$0$1,752,223
73$5,409,284$0$0$1,894,301
74$5,842,959$0$0$2,049,717
75$6,317,150$0$0$2,219,795
76$6,835,872$0$0$2,405,992
77$7,403,547$0$0$2,609,914
78$8,025,042$0$0$2,833,330
79$8,705,719$0$0$3,078,185
80$9,451,483$0$0$3,346,626
81$10,268,834$0$0$3,641,013
82$11,164,934$0$0$3,963,948
83$12,147,669$0$0$4,318,297
84$13,225,727$0$0$4,707,214
85$14,408,675$0$0$5,134,178
86$15,707,053$0$0$5,603,017
87$17,132,468$0$0$6,117,950
88$18,697,710$0$0$6,683,624
89$20,416,865$0$0$7,305,158
90$22,305,452$0$0$7,988,193
91$24,380,566$0$0$8,738,941
92$26,661,039$0$0$9,564,249
93$29,167,621$0$0$10,471,656
94$31,923,170$0$0$11,469,473
95$34,952,870$0$0$12,566,852
96$38,284,465$0$0$13,773,881
97$41,948,524$0$0$15,101,670
98$45,978,727$0$0$16,562,464
99$50,412,182$0$0$18,169,752
100$55,289,773$0$0$19,938,398