Can I retire at age 40 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$55,080$54,590$54,111$53,644$53,188$52,764
2 years$27,267$26,760$26,267$25,790$25,327$24,900
3 years$17,998$17,488$16,997$16,524$16,069$15,652
4 years$13,364$12,855$12,369$11,905$11,460$11,056
5 years$10,584$10,079$9,599$9,144$8,712$8,322
6 years$8,732$8,230$7,757$7,312$6,893$6,518
7 years$7,409$6,912$6,447$6,012$5,606$5,246
8 years$6,417$5,924$5,467$5,043$4,651$4,306
9 years$5,647$5,158$4,709$4,296$3,917$3,586
10 years$5,030$4,547$4,105$3,703$3,337$3,021
11 years$4,526$4,048$3,614$3,223$2,870$2,569
12 years$4,107$3,633$3,208$2,827$2,487$2,200
13 years$3,752$3,283$2,866$2,496$2,169$1,895
14 years$3,448$2,984$2,575$2,215$1,901$1,641
15 years$3,185$2,726$2,325$1,976$1,674$1,427
16 years$2,955$2,501$2,108$1,769$1,479$1,245
17 years$2,752$2,304$1,918$1,589$1,312$1,090
18 years$2,572$2,129$1,751$1,432$1,166$956
19 years$2,412$1,973$1,603$1,294$1,040$841
20 years$2,267$1,833$1,471$1,172$929$741
21 years$2,136$1,708$1,353$1,064$831$654
22 years$2,018$1,594$1,247$967$745$578
23 years$1,910$1,491$1,151$881$669$511
24 years$1,811$1,397$1,065$803$601$453
25 years$1,720$1,311$986$734$541$402
26 years$1,636$1,232$915$671$487$357
27 years$1,558$1,159$849$614$439$317
28 years$1,487$1,093$790$563$396$282
29 years$1,420$1,031$735$516$358$250
30 years$1,358$973$684$474$323$223
31 years$1,300$920$638$435$292$198
32 years$1,245$871$595$400$264$177
33 years$1,194$824$556$368$239$157
34 years$1,147$781$519$338$217$140
35 years$1,102$741$486$311$196$125
36 years$1,059$703$454$287$178$112
37 years$1,019$668$425$264$161$100
38 years$982$635$398$243$146$89
39 years$946$604$373$225$132$79
40 years$912$574$350$207$120$71
41 years$880$547$328$191$109$63
42 years$849$521$308$176$99$56
43 years$820$496$289$163$90$50
44 years$792$473$271$150$81$45
45 years$766$451$254$139$74$40
46 years$741$430$239$128$67$36
47 years$717$411$224$118$61$32
48 years$694$392$211$109$55$29
49 years$672$374$198$101$50$26
50 years$651$358$186$93$46$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $667,000, adding $6,430 every year, while hoping to spend $54,388 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: 54/38/8 Blend
39$667,000$667,000$667,000$667,000
40$741,667$706,316$695,977$779,939
41$759,448$683,057$661,424$783,319
42$777,221$656,835$623,890$780,478
43$794,926$627,448$583,219$776,081
44$812,497$594,682$539,246$769,989
45$829,860$558,310$491,799$762,052
46$846,930$518,092$440,699$752,112
47$863,613$473,775$385,759$739,994
48$879,802$425,090$326,782$725,512
49$895,378$371,755$263,565$708,467
50$910,206$313,471$195,894$688,641
51$924,137$249,920$123,546$665,800
52$937,002$180,771$46,288$639,694
53$948,617$105,668$0$610,051
54$958,771$24,241$0$579,663
55$967,233$0$0$549,545
56$973,744$0$0$542,143
57$978,016$0$0$543,510
58$979,730$0$0$543,318
59$978,531$0$0$541,354
60$974,024$0$0$537,382
61$965,771$0$0$531,140
62$953,286$0$0$522,338
63$936,032$0$0$510,655
64$913,412$0$0$495,734
65$884,765$0$0$477,180
66$849,358$0$0$454,556
67$806,381$0$0$427,379
68$754,938$0$0$395,114
69$694,037$0$0$357,167
70$622,580$0$0$312,885
71$539,353$0$0$261,544
72$443,015$0$0$202,344
73$332,083$0$0$134,400
74$204,919$0$0$56,736
75$59,711$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
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