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%13.2%
1 years$56,236$55,735$55,247$54,770$54,304$53,581
2 years$27,840$27,321$26,819$26,332$25,859$25,132
3 years$18,375$17,855$17,354$16,871$16,406$15,697
4 years$13,644$13,125$12,629$12,155$11,701$11,016
5 years$10,806$10,290$9,801$9,336$8,895$8,236
6 years$8,915$8,403$7,920$7,466$7,038$6,405
7 years$7,564$7,057$6,582$6,138$5,724$5,118
8 years$6,552$6,049$5,582$5,149$4,749$4,169
9 years$5,765$5,267$4,808$4,386$3,999$3,446
10 years$5,136$4,642$4,191$3,781$3,407$2,881
11 years$4,621$4,133$3,690$3,290$2,930$2,429
12 years$4,193$3,709$3,275$2,886$2,539$2,064
13 years$3,831$3,352$2,926$2,548$2,214$1,763
14 years$3,521$3,047$2,629$2,262$1,941$1,513
15 years$3,252$2,783$2,374$2,017$1,709$1,304
16 years$3,017$2,554$2,152$1,806$1,511$1,128
17 years$2,810$2,352$1,958$1,623$1,339$978
18 years$2,626$2,173$1,788$1,462$1,191$850
19 years$2,462$2,014$1,636$1,321$1,061$741
20 years$2,315$1,872$1,502$1,197$948$647
21 years$2,181$1,743$1,381$1,086$848$565
22 years$2,060$1,627$1,273$988$761$495
23 years$1,950$1,522$1,176$899$683$433
24 years$1,849$1,426$1,087$820$614$380
25 years$1,756$1,338$1,007$749$552$334
26 years$1,670$1,258$934$685$497$293
27 years$1,591$1,184$867$627$448$258
28 years$1,518$1,115$806$574$405$227
29 years$1,450$1,052$750$527$365$200
30 years$1,386$994$699$483$330$176
31 years$1,327$939$651$444$298$155
32 years$1,272$889$608$408$270$136
33 years$1,220$842$568$375$244$120
34 years$1,171$798$530$345$221$106
35 years$1,125$757$496$318$200$93
36 years$1,082$718$464$293$182$82
37 years$1,041$682$434$270$165$73
38 years$1,002$648$407$249$149$64
39 years$966$616$381$229$135$57
40 years$931$587$357$211$123$50
41 years$898$558$335$195$111$44
42 years$867$532$314$180$101$39
43 years$837$507$295$166$92$34
44 years$809$483$277$153$83$30
45 years$782$461$260$142$76$27
46 years$757$439$244$131$69$24
47 years$732$419$229$121$62$21
48 years$709$400$215$112$57$18
49 years$686$382$202$103$51$16
50 years$665$365$190$95$47$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $681,000, adding $6,747 every year, while hoping to spend $23,513 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: 50/24/26 Blend
39$681,000$681,000$681,000$681,000
40$757,422$721,329$710,773$789,435
41$809,661$731,656$709,566$822,780
42$866,441$741,701$707,531$856,105
43$928,199$751,426$704,615$891,856
44$995,418$760,789$700,762$930,276
45$1,068,629$769,746$695,916$971,629
46$1,148,415$778,249$690,015$1,016,210
47$1,235,419$786,249$682,996$1,064,343
48$1,330,348$793,692$674,793$1,116,387
49$1,433,981$800,520$665,336$1,172,736
50$1,547,174$806,673$654,552$1,233,829
51$1,670,871$812,085$642,365$1,300,149
52$1,806,111$816,688$628,695$1,372,228
53$1,954,037$820,408$613,459$1,450,657
54$2,115,908$823,167$596,569$1,536,086
55$2,293,110$824,882$577,933$1,629,233
56$2,487,170$825,465$557,457$1,730,891
57$2,699,770$824,821$535,040$1,841,938
58$2,932,761$822,851$510,578$1,963,339
59$3,188,181$819,449$483,961$2,096,162
60$3,468,277$814,504$455,075$2,241,586
61$3,775,522$807,895$423,801$2,400,913
62$4,112,641$799,498$390,014$2,575,577
63$4,482,634$789,177$353,584$2,767,164
64$4,888,808$776,792$314,374$2,977,422
65$5,334,803$762,191$272,242$3,208,284
66$5,824,631$745,216$227,040$3,461,877
67$6,362,710$725,699$178,612$3,740,555
68$6,953,908$703,460$126,797$4,046,909
69$7,603,587$678,310$71,426$4,383,802
70$8,317,656$650,050$12,322$4,754,391
71$9,102,623$618,468$0$5,162,161
72$9,965,658$583,341$0$5,625,033
73$10,914,661$544,431$0$6,137,732
74$11,958,337$501,489$0$6,701,567
75$13,106,275$454,249$0$7,321,755
76$14,369,040$402,433$0$8,004,047
77$15,758,275$345,744$0$8,754,783
78$17,286,804$283,871$0$9,580,951
79$18,968,760$216,483$0$10,490,253
80$20,819,715$143,232$0$11,491,183
81$22,856,826$63,750$0$12,593,100
82$25,098,998$0$0$13,806,322
83$27,567,061$0$0$15,148,127
84$30,283,966$0$0$16,643,840
85$33,275,006$0$0$18,290,560
86$36,568,047$0$0$20,103,641
87$40,193,797$0$0$22,100,000
88$44,186,091$0$0$24,298,281
89$48,582,213$0$0$26,719,024
90$53,423,248$0$0$29,384,866
91$58,754,467$0$0$32,320,751
92$64,625,754$0$0$35,554,162
93$71,092,081$0$0$39,115,387
94$78,214,019$0$0$43,037,799
95$86,058,317$0$0$47,358,177
96$94,698,527$0$0$52,117,044
97$104,215,700$0$0$57,359,058
98$114,699,149$0$0$63,133,429
99$126,247,293$0$0$69,494,384
100$138,968,586$0$0$76,501,678