Can I retire at age 40 with 680,000?

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 $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%14%
1 years$56,154$55,654$55,166$54,689$54,224$53,326
2 years$27,799$27,281$26,779$26,293$25,821$24,919
3 years$18,349$17,829$17,328$16,846$16,382$15,504
4 years$13,624$13,106$12,610$12,137$11,684$10,836
5 years$10,790$10,275$9,786$9,322$8,882$8,067
6 years$8,902$8,390$7,909$7,455$7,028$6,248
7 years$7,553$7,046$6,572$6,129$5,716$4,970
8 years$6,542$6,040$5,574$5,142$4,742$4,030
9 years$5,757$5,259$4,801$4,379$3,993$3,315
10 years$5,128$4,635$4,185$3,775$3,402$2,758
11 years$4,615$4,127$3,685$3,286$2,926$2,314
12 years$4,187$3,704$3,270$2,882$2,536$1,955
13 years$3,825$3,347$2,922$2,544$2,211$1,662
14 years$3,515$3,043$2,625$2,258$1,938$1,419
15 years$3,247$2,779$2,370$2,014$1,707$1,216
16 years$3,013$2,550$2,149$1,803$1,508$1,046
17 years$2,806$2,348$1,955$1,620$1,337$902
18 years$2,622$2,170$1,785$1,460$1,189$780
19 years$2,459$2,011$1,634$1,320$1,060$675
20 years$2,311$1,869$1,500$1,195$947$586
21 years$2,178$1,741$1,379$1,085$847$509
22 years$2,057$1,625$1,271$986$759$443
23 years$1,947$1,520$1,174$898$682$386
24 years$1,846$1,424$1,086$819$613$336
25 years$1,753$1,336$1,005$748$551$293
26 years$1,668$1,256$933$684$497$256
27 years$1,589$1,182$866$626$448$224
28 years$1,516$1,114$805$574$404$195
29 years$1,448$1,051$749$526$365$171
30 years$1,384$992$698$483$330$149
31 years$1,325$938$651$443$298$131
32 years$1,270$888$607$407$270$114
33 years$1,218$841$567$375$244$100
34 years$1,169$797$530$345$221$88
35 years$1,123$756$495$317$200$77
36 years$1,080$717$463$292$181$67
37 years$1,039$681$433$269$164$59
38 years$1,001$647$406$248$149$52
39 years$964$616$380$229$135$45
40 years$930$586$356$211$123$40
41 years$897$558$334$195$111$35
42 years$866$531$314$180$101$31
43 years$836$506$294$166$92$27
44 years$808$482$276$153$83$23
45 years$781$460$259$141$75$21
46 years$755$439$244$131$68$18
47 years$731$419$229$121$62$16
48 years$708$400$215$112$56$14
49 years$685$382$202$103$51$12
50 years$664$365$190$95$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $680,000, adding $4,741 every year, while hoping to spend $33,395 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: 74/18/8 Blend
39$680,000$680,000$680,000$680,000
40$754,250$718,210$707,670$808,773
41$795,652$717,871$695,845$845,010
42$840,157$716,395$682,505$880,018
43$888,047$713,693$667,563$917,427
44$939,631$709,667$650,930$957,461
45$995,249$704,215$632,511$1,000,370
46$1,055,272$697,230$612,208$1,046,430
47$1,120,111$688,595$589,917$1,095,945
48$1,190,214$678,189$565,532$1,149,250
49$1,266,078$665,882$538,940$1,206,714
50$1,348,246$651,538$510,022$1,268,745
51$1,437,315$635,011$478,655$1,335,794
52$1,533,943$616,148$444,712$1,408,357
53$1,638,852$594,787$408,057$1,486,981
54$1,752,839$570,755$368,551$1,572,272
55$1,876,777$543,870$326,046$1,664,896
56$2,011,629$513,941$280,389$1,765,589
57$2,158,453$480,762$231,420$1,875,163
58$2,318,415$444,119$178,973$1,994,514
59$2,492,797$403,785$122,872$2,124,629
60$2,683,010$359,518$62,936$2,266,600
61$2,890,607$311,064$0$2,421,629
62$3,117,298$258,155$0$2,591,132
63$3,364,964$200,507$0$2,782,223
64$3,635,678$137,819$0$2,991,158
65$3,931,721$69,776$0$3,219,736
66$4,255,604$0$0$3,469,944
67$4,610,092$0$0$3,744,753
68$4,998,232$0$0$4,060,811
69$5,423,376$0$0$4,407,030
70$5,889,217$0$0$4,786,422
71$6,399,823$0$0$5,202,304
72$6,959,673$0$0$5,658,326
73$7,573,700$0$0$6,158,513
74$8,247,339$0$0$6,707,294
75$8,986,573$0$0$7,309,551
76$9,797,997$0$0$7,970,658
77$10,688,872$0$0$8,696,537
78$11,667,198$0$0$9,493,712
79$12,741,787$0$0$10,369,367
80$13,922,347$0$0$11,331,419
81$15,219,573$0$0$12,388,588
82$16,645,245$0$0$13,550,482
83$18,212,345$0$0$14,827,683
84$19,935,171$0$0$16,231,853
85$21,829,478$0$0$17,775,839
86$23,912,623$0$0$19,473,794
87$26,203,730$0$0$21,341,312
88$28,723,868$0$0$23,395,575
89$31,496,253$0$0$25,655,511
90$34,546,461$0$0$28,141,980
91$37,902,674$0$0$30,877,961
92$41,595,944$0$0$33,888,775
93$45,660,484$0$0$37,202,321
94$50,133,992$0$0$40,849,342
95$55,058,007$0$0$44,863,709
96$60,478,297$0$0$49,282,745
97$66,445,295$0$0$54,147,575
98$73,014,570$0$0$59,503,515
99$80,247,355$0$0$65,400,496
100$88,211,120$0$0$71,893,539