Can I retire at age 40 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$56,236$55,735$55,247$54,770$54,304$53,013
2 years$27,840$27,321$26,819$26,332$25,859$24,566
3 years$18,375$17,855$17,354$16,871$16,406$15,151
4 years$13,644$13,125$12,629$12,155$11,701$10,494
5 years$10,806$10,290$9,801$9,336$8,895$7,739
6 years$8,915$8,403$7,920$7,466$7,038$5,935
7 years$7,564$7,057$6,582$6,138$5,724$4,673
8 years$6,552$6,049$5,582$5,149$4,749$3,750
9 years$5,765$5,267$4,808$4,386$3,999$3,052
10 years$5,136$4,642$4,191$3,781$3,407$2,511
11 years$4,621$4,133$3,690$3,290$2,930$2,083
12 years$4,193$3,709$3,275$2,886$2,539$1,740
13 years$3,831$3,352$2,926$2,548$2,214$1,461
14 years$3,521$3,047$2,629$2,262$1,941$1,232
15 years$3,252$2,783$2,374$2,017$1,709$1,043
16 years$3,017$2,554$2,152$1,806$1,511$886
17 years$2,810$2,352$1,958$1,623$1,339$754
18 years$2,626$2,173$1,788$1,462$1,191$643
19 years$2,462$2,014$1,636$1,321$1,061$550
20 years$2,315$1,872$1,502$1,197$948$471
21 years$2,181$1,743$1,381$1,086$848$403
22 years$2,060$1,627$1,273$988$761$346
23 years$1,950$1,522$1,176$899$683$297
24 years$1,849$1,426$1,087$820$614$255
25 years$1,756$1,338$1,007$749$552$220
26 years$1,670$1,258$934$685$497$189
27 years$1,591$1,184$867$627$448$163
28 years$1,518$1,115$806$574$405$140
29 years$1,450$1,052$750$527$365$121
30 years$1,386$994$699$483$330$104
31 years$1,327$939$651$444$298$90
32 years$1,272$889$608$408$270$77
33 years$1,220$842$568$375$244$67
34 years$1,171$798$530$345$221$58
35 years$1,125$757$496$318$200$50
36 years$1,082$718$464$293$182$43
37 years$1,041$682$434$270$165$37
38 years$1,002$648$407$249$149$32
39 years$966$616$381$229$135$28
40 years$931$587$357$211$123$24
41 years$898$558$335$195$111$21
42 years$867$532$314$180$101$18
43 years$837$507$295$166$92$15
44 years$809$483$277$153$83$13
45 years$782$461$260$142$76$11
46 years$757$439$244$131$69$10
47 years$732$419$229$121$62$8
48 years$709$400$215$112$57$7
49 years$686$382$202$103$51$6
50 years$665$365$190$95$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $681,000, adding $5,346 every year, while hoping to spend $44,992 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: 44/46/10 Blend
39$681,000$681,000$681,000$681,000
40$755,976$719,883$709,328$786,849
41$785,215$707,287$685,219$796,234
42$815,928$692,565$658,795$801,398
43$848,218$675,566$629,930$805,979
44$882,197$656,129$598,494$809,941
45$917,987$634,086$564,349$813,246
46$955,721$609,255$527,354$815,858
47$995,542$581,447$487,359$817,739
48$1,037,610$550,459$444,207$818,853
49$1,082,094$516,080$397,736$819,163
50$1,129,183$478,083$347,776$818,634
51$1,179,082$436,231$294,148$817,232
52$1,232,014$390,273$236,668$814,926
53$1,288,224$339,941$175,141$811,685
54$1,347,980$284,955$109,365$807,484
55$1,411,574$225,018$39,129$802,298
56$1,479,327$159,816$0$796,110
57$1,551,590$89,019$0$792,728
58$1,628,746$12,275$0$793,027
59$1,711,218$0$0$792,854
60$1,799,467$0$0$828,073
61$1,893,998$0$0$872,509
62$1,995,368$0$0$920,217
63$2,104,186$0$0$971,490
64$2,221,119$0$0$1,026,652
65$2,346,902$0$0$1,086,057
66$2,482,341$0$0$1,150,093
67$2,628,320$0$0$1,219,189
68$2,785,812$0$0$1,293,814
69$2,955,884$0$0$1,374,484
70$3,139,710$0$0$1,461,766
71$3,338,579$0$0$1,556,285
72$3,553,910$0$0$1,658,724
73$3,787,260$0$0$1,769,840
74$4,040,344$0$0$1,890,459
75$4,315,046$0$0$2,021,495
76$4,613,439$0$0$2,163,951
77$4,937,804$0$0$2,318,929
78$5,290,648$0$0$2,487,643
79$5,674,732$0$0$2,671,431
80$6,093,092$0$0$2,871,761
81$6,549,070$0$0$3,090,252
82$7,046,344$0$0$3,328,685
83$7,588,962$0$0$3,589,019
84$8,181,380$0$0$3,873,413
85$8,828,502$0$0$4,184,242
86$9,535,729$0$0$4,524,121
87$10,309,004$0$0$4,895,930
88$11,154,872$0$0$5,302,840
89$12,080,542$0$0$5,748,342
90$13,093,948$0$0$6,236,280
91$14,203,828$0$0$6,770,889
92$15,419,807$0$0$7,356,830
93$16,752,482$0$0$7,999,240
94$18,213,526$0$0$8,703,774
95$19,815,793$0$0$9,476,662
96$21,573,443$0$0$10,324,765
97$23,502,070$0$0$11,255,642
98$25,618,854$0$0$12,277,617
99$27,942,717$0$0$13,399,861
100$30,494,502$0$0$14,632,477