Can I retire at age 40 with 684,000?

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 $684,000?

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$56,484$55,981$55,490$55,011$54,543$53,640
2 years$27,962$27,442$26,937$26,448$25,973$25,065
3 years$18,456$17,933$17,430$16,945$16,478$15,595
4 years$13,704$13,183$12,685$12,208$11,752$10,900
5 years$10,854$10,336$9,844$9,377$8,934$8,115
6 years$8,954$8,440$7,955$7,499$7,069$6,284
7 years$7,598$7,088$6,611$6,165$5,749$4,999
8 years$6,581$6,075$5,606$5,172$4,769$4,054
9 years$5,790$5,290$4,829$4,405$4,017$3,335
10 years$5,158$4,663$4,210$3,797$3,422$2,774
11 years$4,642$4,151$3,706$3,305$2,943$2,328
12 years$4,211$3,726$3,289$2,899$2,551$1,967
13 years$3,848$3,367$2,939$2,559$2,224$1,672
14 years$3,536$3,060$2,640$2,272$1,950$1,427
15 years$3,266$2,796$2,384$2,026$1,717$1,223
16 years$3,030$2,565$2,161$1,814$1,517$1,052
17 years$2,823$2,362$1,967$1,630$1,345$907
18 years$2,638$2,183$1,795$1,469$1,196$784
19 years$2,473$2,023$1,644$1,327$1,066$679
20 years$2,325$1,880$1,508$1,202$952$589
21 years$2,191$1,751$1,388$1,091$852$512
22 years$2,069$1,635$1,279$992$764$445
23 years$1,958$1,529$1,181$903$686$388
24 years$1,857$1,432$1,092$824$616$338
25 years$1,763$1,344$1,011$752$555$295
26 years$1,678$1,263$938$688$500$257
27 years$1,598$1,189$871$630$450$225
28 years$1,524$1,120$810$577$406$197
29 years$1,456$1,057$754$529$367$172
30 years$1,392$998$702$486$332$150
31 years$1,333$944$654$446$300$132
32 years$1,277$893$611$410$271$115
33 years$1,225$846$570$377$245$101
34 years$1,176$801$533$347$222$88
35 years$1,130$760$498$319$201$77
36 years$1,086$721$466$294$182$68
37 years$1,045$685$436$271$165$59
38 years$1,007$651$408$250$150$52
39 years$970$619$383$230$136$46
40 years$935$589$359$212$123$40
41 years$902$561$336$196$112$35
42 years$871$534$315$181$101$31
43 years$841$509$296$167$92$27
44 years$813$485$278$154$84$24
45 years$786$463$261$142$76$21
46 years$760$441$245$131$69$18
47 years$735$421$230$121$63$16
48 years$712$402$216$112$57$14
49 years$689$384$203$104$52$12
50 years$668$367$191$96$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $684,000, adding $2,924 every year, while hoping to spend $30,722 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: 60/25/15 Blend
39$684,000$684,000$684,000$684,000
40$756,784$720,532$709,930$799,165
41$801,288$723,150$701,025$830,699
42$849,302$724,867$690,791$861,391
43$901,151$725,606$679,153$894,146
44$957,193$725,285$666,030$929,169
45$1,017,821$723,819$651,336$966,682
46$1,083,468$721,115$634,985$1,006,935
47$1,154,608$717,076$616,883$1,050,202
48$1,231,765$711,599$596,935$1,096,787
49$1,315,512$704,574$575,040$1,147,024
50$1,406,481$695,886$551,091$1,201,285
51$1,505,368$685,410$524,978$1,259,981
52$1,612,938$673,017$496,587$1,323,565
53$1,730,031$658,569$465,797$1,392,538
54$1,857,574$641,919$432,481$1,467,456
55$1,996,586$622,912$396,508$1,548,930
56$2,148,187$601,384$357,740$1,637,637
57$2,313,612$577,161$316,034$1,734,327
58$2,494,219$550,060$271,240$1,839,826
59$2,691,503$519,887$223,200$1,955,047
60$2,907,111$486,436$171,752$2,081,000
61$3,142,854$449,490$116,724$2,218,799
62$3,400,729$408,819$57,938$2,369,677
63$3,682,932$364,180$0$2,534,993
64$3,991,883$315,316$0$2,717,018
65$4,330,245$261,957$0$2,926,589
66$4,700,953$203,816$0$3,156,288
67$5,107,238$140,590$0$3,408,171
68$5,552,657$71,959$0$3,684,507
69$6,041,130$0$0$3,987,799
70$6,576,973$0$0$4,321,471
71$7,164,941$0$0$4,709,378
72$7,810,272$0$0$5,135,186
73$8,518,733$0$0$5,602,708
74$9,296,679$0$0$6,116,145
75$10,151,110$0$0$6,680,124
76$11,089,737$0$0$7,299,743
77$12,121,056$0$0$7,980,618
78$13,254,425$0$0$8,728,936
79$14,500,153$0$0$9,551,513
80$15,869,599$0$0$10,455,857
81$17,375,278$0$0$11,450,243
82$19,030,976$0$0$12,543,784
83$20,851,882$0$0$13,746,523
84$22,854,733$0$0$15,069,525
85$25,057,968$0$0$16,524,980
86$27,481,902$0$0$18,126,319
87$30,148,920$0$0$19,888,343
88$33,083,686$0$0$21,827,358
89$36,313,375$0$0$23,961,329
90$39,867,929$0$0$26,310,054
91$43,780,341$0$0$28,895,346
92$48,086,964$0$0$31,741,241
93$52,827,855$0$0$34,874,222
94$58,047,152$0$0$38,323,471
95$63,793,490$0$0$42,121,144
96$70,120,457$0$0$46,302,673
97$77,087,107$0$0$50,907,101
98$84,758,507$0$0$55,977,450
99$93,206,358$0$0$61,561,125
100$102,509,668$0$0$67,710,366