Can I retire at age 40 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$56,402$55,899$55,409$54,931$54,463$52,911
2 years$27,922$27,402$26,898$26,409$25,935$24,383
3 years$18,429$17,907$17,404$16,920$16,454$14,951
4 years$13,684$13,164$12,666$12,190$11,735$10,293
5 years$10,838$10,320$9,829$9,363$8,921$7,543
6 years$8,941$8,427$7,944$7,488$7,059$5,747
7 years$7,587$7,077$6,601$6,156$5,741$4,495
8 years$6,571$6,067$5,598$5,164$4,762$3,582
9 years$5,782$5,282$4,822$4,399$4,011$2,894
10 years$5,151$4,656$4,204$3,792$3,417$2,363
11 years$4,635$4,145$3,701$3,300$2,939$1,945
12 years$4,205$3,720$3,284$2,895$2,547$1,612
13 years$3,842$3,362$2,934$2,555$2,221$1,343
14 years$3,531$3,056$2,637$2,268$1,947$1,123
15 years$3,261$2,792$2,381$2,023$1,714$943
16 years$3,026$2,561$2,158$1,811$1,515$794
17 years$2,818$2,359$1,964$1,628$1,343$670
18 years$2,634$2,180$1,793$1,467$1,194$566
19 years$2,469$2,020$1,641$1,325$1,065$480
20 years$2,321$1,877$1,506$1,200$951$407
21 years$2,188$1,749$1,385$1,089$851$346
22 years$2,066$1,632$1,277$991$763$294
23 years$1,955$1,527$1,179$902$685$250
24 years$1,854$1,430$1,090$823$615$213
25 years$1,761$1,342$1,010$751$554$181
26 years$1,675$1,261$937$687$499$154
27 years$1,596$1,187$870$629$450$132
28 years$1,522$1,119$809$576$406$112
29 years$1,454$1,055$752$528$366$96
30 years$1,390$997$701$485$331$82
31 years$1,331$942$653$445$299$70
32 years$1,275$892$610$409$271$60
33 years$1,223$844$569$376$245$51
34 years$1,174$800$532$346$222$43
35 years$1,128$759$497$319$201$37
36 years$1,085$720$465$294$182$32
37 years$1,044$684$435$271$165$27
38 years$1,005$650$408$249$150$23
39 years$968$618$382$230$136$20
40 years$934$588$358$212$123$17
41 years$901$560$336$196$112$14
42 years$870$533$315$181$101$12
43 years$840$508$296$167$92$11
44 years$812$484$277$154$83$9
45 years$785$462$260$142$76$8
46 years$759$441$245$131$69$7
47 years$734$420$230$121$62$6
48 years$711$401$216$112$57$5
49 years$688$383$203$104$52$4
50 years$667$366$191$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $683,000, adding $3,634 every year, while hoping to spend $51,799 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: 69/25/6 Blend
39$683,000$683,000$683,000$683,000
40$756,414$720,215$709,629$807,726
41$778,455$700,392$678,288$822,325
42$801,008$677,862$644,161$831,596
43$824,070$652,436$607,099$840,317
44$847,637$623,918$566,949$848,425
45$871,703$592,097$523,549$855,849
46$896,258$556,751$476,730$862,514
47$921,291$517,646$426,314$868,338
48$946,785$474,534$372,119$873,234
49$972,724$427,152$313,951$877,107
50$999,082$375,223$251,609$879,854
51$1,025,835$318,455$184,884$881,365
52$1,052,949$256,538$113,556$881,521
53$1,080,386$189,145$37,397$880,194
54$1,108,103$115,931$0$877,246
55$1,136,050$36,532$0$875,335
56$1,164,166$0$0$874,229
57$1,192,386$0$0$884,975
58$1,220,633$0$0$905,770
59$1,248,820$0$0$926,498
60$1,276,848$0$0$947,083
61$1,304,606$0$0$967,440
62$1,331,966$0$0$987,470
63$1,358,787$0$0$1,007,067
64$1,384,910$0$0$1,026,107
65$1,410,153$0$0$1,044,452
66$1,434,318$0$0$1,061,951
67$1,457,177$0$0$1,078,429
68$1,478,479$0$0$1,093,695
69$1,497,944$0$0$1,107,535
70$1,515,257$0$0$1,119,708
71$1,530,068$0$0$1,129,947
72$1,541,987$0$0$1,137,956
73$1,550,582$0$0$1,143,403
74$1,555,370$0$0$1,145,921
75$1,555,815$0$0$1,145,102
76$1,551,322$0$0$1,140,492
77$1,541,231$0$0$1,131,587
78$1,524,808$0$0$1,117,828
79$1,501,240$0$0$1,098,598
80$1,469,627$0$0$1,073,208
81$1,428,970$0$0$1,040,899
82$1,378,164$0$0$1,000,828
83$1,315,983$0$0$952,064
84$1,241,074$0$0$893,574
85$1,151,935$0$0$824,216
86$1,046,910$0$0$742,728
87$924,162$0$0$647,714
88$781,663$0$0$537,628
89$617,172$0$0$410,765
90$428,210$0$0$265,238
91$212,038$0$0$98,964
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0