Can I retire at age 40 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$55,163$54,671$54,192$53,724$53,267$52,821
2 years$27,308$26,800$26,307$25,829$25,365$24,916
3 years$18,025$17,514$17,022$16,549$16,093$15,653
4 years$13,384$12,875$12,388$11,923$11,478$11,052
5 years$10,600$10,094$9,613$9,158$8,725$8,315
6 years$8,745$8,242$7,769$7,323$6,904$6,509
7 years$7,420$6,922$6,456$6,021$5,615$5,235
8 years$6,427$5,933$5,475$5,051$4,658$4,294
9 years$5,655$5,166$4,716$4,302$3,923$3,575
10 years$5,038$4,554$4,111$3,709$3,342$3,010
11 years$4,533$4,054$3,620$3,228$2,874$2,557
12 years$4,113$3,639$3,212$2,831$2,491$2,189
13 years$3,758$3,288$2,870$2,499$2,172$1,885
14 years$3,453$2,989$2,579$2,219$1,904$1,631
15 years$3,190$2,730$2,328$1,979$1,677$1,417
16 years$2,959$2,505$2,111$1,772$1,482$1,235
17 years$2,756$2,307$1,921$1,592$1,314$1,081
18 years$2,576$2,132$1,753$1,435$1,168$947
19 years$2,415$1,976$1,605$1,296$1,041$833
20 years$2,270$1,836$1,473$1,174$930$733
21 years$2,139$1,710$1,355$1,065$832$647
22 years$2,021$1,596$1,249$969$746$571
23 years$1,912$1,493$1,153$882$670$505
24 years$1,813$1,399$1,066$805$602$447
25 years$1,722$1,313$988$735$542$396
26 years$1,638$1,234$916$672$488$351
27 years$1,561$1,161$851$615$440$312
28 years$1,489$1,094$791$564$397$277
29 years$1,422$1,032$736$517$358$246
30 years$1,360$975$685$474$324$219
31 years$1,302$922$639$436$293$195
32 years$1,247$872$596$400$265$173
33 years$1,196$826$557$368$240$154
34 years$1,148$783$520$339$217$137
35 years$1,103$742$486$312$197$122
36 years$1,061$705$455$287$178$109
37 years$1,021$669$426$265$161$97
38 years$983$636$399$244$146$87
39 years$947$605$374$225$133$77
40 years$913$575$350$207$120$69
41 years$881$548$328$191$109$61
42 years$850$522$308$177$99$55
43 years$821$497$289$163$90$49
44 years$794$474$271$151$82$44
45 years$767$452$255$139$74$39
46 years$742$431$239$128$67$35
47 years$718$411$225$119$61$31
48 years$695$393$211$110$55$28
49 years$673$375$199$101$50$25
50 years$652$358$187$94$46$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $668,000, adding $3,201 every year, while hoping to spend $52,827 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: 48/38/14 Blend
39$668,000$668,000$668,000$668,000
40$739,438$704,034$693,680$771,905
41$758,653$682,324$660,711$772,945
42$778,058$657,780$624,866$768,367
43$797,615$630,207$585,995$762,229
44$817,284$599,399$543,938$754,403
45$837,015$565,138$498,528$744,753
46$856,755$527,194$449,593$733,134
47$876,441$485,323$396,951$719,389
48$896,002$439,268$340,413$703,351
49$915,358$388,756$279,781$684,841
50$934,420$333,500$214,849$663,667
51$953,085$273,196$145,401$639,622
52$971,240$207,523$71,212$612,487
53$988,756$136,141$0$582,024
54$1,005,490$58,693$0$549,168
55$1,021,281$0$0$523,888
56$1,035,950$0$0$505,817
57$1,049,295$0$0$511,548
58$1,061,094$0$0$516,419
59$1,071,096$0$0$520,297
60$1,079,025$0$0$523,033
61$1,084,570$0$0$524,463
62$1,087,389$0$0$524,404
63$1,087,099$0$0$522,651
64$1,083,277$0$0$518,979
65$1,075,452$0$0$513,138
66$1,063,102$0$0$504,849
67$1,045,647$0$0$493,806
68$1,022,447$0$0$479,666
69$992,789$0$0$462,051
70$955,887$0$0$440,544
71$910,869$0$0$414,681
72$856,770$0$0$383,950
73$792,522$0$0$347,785
74$716,944$0$0$305,557
75$628,730$0$0$256,574
76$526,436$0$0$200,071
77$408,465$0$0$135,200
78$273,054$0$0$61,026
79$118,253$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