Can I retire at age 40 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$56,319$55,817$55,328$54,850$54,384$53,793
2 years$27,881$27,361$26,858$26,370$25,897$25,303
3 years$18,402$17,881$17,379$16,896$16,430$15,850
4 years$13,664$13,144$12,647$12,172$11,718$11,157
5 years$10,822$10,305$9,815$9,350$8,908$8,367
6 years$8,928$8,415$7,932$7,477$7,049$6,529
7 years$7,576$7,067$6,591$6,147$5,732$5,234
8 years$6,562$6,058$5,590$5,157$4,756$4,279
9 years$5,774$5,274$4,815$4,392$4,005$3,549
10 years$5,143$4,649$4,198$3,786$3,412$2,978
11 years$4,628$4,139$3,696$3,295$2,935$2,521
12 years$4,199$3,715$3,280$2,890$2,543$2,149
13 years$3,836$3,357$2,930$2,552$2,218$1,843
14 years$3,526$3,051$2,633$2,265$1,944$1,589
15 years$3,257$2,788$2,377$2,020$1,712$1,375
16 years$3,022$2,558$2,155$1,809$1,513$1,194
17 years$2,814$2,355$1,961$1,625$1,341$1,040
18 years$2,630$2,177$1,790$1,465$1,193$908
19 years$2,466$2,017$1,639$1,323$1,063$794
20 years$2,318$1,874$1,504$1,199$950$696
21 years$2,184$1,746$1,383$1,088$850$611
22 years$2,063$1,630$1,275$989$762$538
23 years$1,952$1,524$1,177$901$684$473
24 years$1,851$1,428$1,089$822$615$417
25 years$1,758$1,340$1,008$750$553$368
26 years$1,673$1,260$935$686$498$325
27 years$1,593$1,185$868$628$449$287
28 years$1,520$1,117$807$575$405$253
29 years$1,452$1,054$751$528$366$224
30 years$1,388$995$700$484$331$198
31 years$1,329$941$652$445$299$176
32 years$1,273$890$609$409$270$155
33 years$1,221$843$568$376$245$138
34 years$1,172$799$531$346$222$122
35 years$1,127$758$497$318$201$108
36 years$1,083$719$464$293$182$96
37 years$1,042$683$435$270$165$85
38 years$1,004$649$407$249$149$75
39 years$967$617$381$230$135$67
40 years$932$587$358$212$123$59
41 years$900$559$335$195$111$53
42 years$868$533$314$180$101$47
43 years$839$507$295$166$92$41
44 years$810$484$277$154$83$37
45 years$783$461$260$142$76$33
46 years$758$440$244$131$69$29
47 years$733$420$229$121$62$26
48 years$710$401$216$112$57$23
49 years$687$383$203$103$51$20
50 years$666$366$191$96$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $682,000, adding $5,811 every year, while hoping to spend $26,464 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: 55/29/16 Blend
39$682,000$682,000$682,000$682,000
40$757,558$721,412$710,841$795,708
41$806,671$728,604$706,497$829,529
42$859,908$735,261$701,120$862,999
43$917,659$741,329$694,648$898,847
44$980,357$746,751$687,016$937,307
45$1,048,477$751,466$678,154$978,637
46$1,122,541$755,407$667,992$1,023,121
47$1,203,124$758,505$656,453$1,071,076
48$1,290,857$760,687$643,460$1,122,847
49$1,386,438$761,874$628,929$1,178,820
50$1,490,631$761,983$612,774$1,239,419
51$1,604,280$760,924$594,906$1,305,114
52$1,728,311$758,604$575,230$1,376,421
53$1,863,745$754,922$553,647$1,453,913
54$2,011,707$749,773$530,054$1,538,223
55$2,173,434$743,045$504,344$1,630,048
56$2,350,288$734,618$476,403$1,730,158
57$2,543,768$724,365$446,113$1,839,406
58$2,755,527$712,153$413,353$1,958,731
59$2,987,382$697,840$377,991$2,089,170
60$3,241,337$681,276$339,895$2,231,871
61$3,519,595$662,301$298,924$2,388,097
62$3,824,587$640,747$254,932$2,559,246
63$4,158,987$616,435$207,764$2,746,859
64$4,525,741$589,178$157,261$2,952,639
65$4,928,094$558,775$103,257$3,178,462
66$5,369,620$525,015$45,576$3,426,404
67$5,854,255$487,675$0$3,698,752
68$6,386,337$446,518$0$4,000,760
69$6,970,642$401,296$0$4,340,966
70$7,612,432$351,745$0$4,714,691
71$8,317,504$297,585$0$5,125,364
72$9,092,245$238,522$0$5,576,766
73$9,943,690$174,245$0$6,073,065
74$10,879,590$104,426$0$6,618,859
75$11,908,482$28,717$0$7,219,218
76$13,039,776$0$0$7,879,732
77$14,283,836$0$0$8,623,558
78$15,652,080$0$0$9,451,784
79$17,157,092$0$0$10,362,871
80$18,812,732$0$0$11,365,219
81$20,634,275$0$0$12,468,085
82$22,638,548$0$0$13,681,667
83$24,844,093$0$0$15,017,202
84$27,271,342$0$0$16,487,072
85$29,942,804$0$0$18,104,920
86$32,883,283$0$0$19,885,777
87$36,120,110$0$0$21,846,207
88$39,683,400$0$0$24,004,462
89$43,606,335$0$0$26,380,652
90$47,925,479$0$0$28,996,937
91$52,681,121$0$0$31,877,735
92$57,917,657$0$0$35,049,952
93$63,684,006$0$0$38,543,237
94$70,034,074$0$0$42,390,260
95$77,027,258$0$0$46,627,022
96$84,729,014$0$0$51,293,191
97$93,211,465$0$0$56,432,481
98$102,554,089$0$0$62,093,061
99$112,844,465$0$0$68,328,011
100$124,179,099$0$0$75,195,822