Can I retire at age 40 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$55,741$55,244$54,760$54,287$53,825$53,441
2 years$27,594$27,081$26,582$26,100$25,631$25,244
3 years$18,214$17,697$17,201$16,722$16,261$15,883
4 years$13,524$13,009$12,518$12,047$11,598$11,231
5 years$10,711$10,200$9,714$9,254$8,816$8,463
6 years$8,836$8,329$7,851$7,400$6,976$6,635
7 years$7,498$6,994$6,524$6,084$5,673$5,346
8 years$6,494$5,996$5,533$5,104$4,707$4,393
9 years$5,714$5,220$4,765$4,347$3,964$3,663
10 years$5,091$4,601$4,155$3,747$3,377$3,090
11 years$4,581$4,096$3,658$3,261$2,905$2,630
12 years$4,156$3,677$3,246$2,861$2,517$2,255
13 years$3,797$3,323$2,900$2,526$2,195$1,945
14 years$3,489$3,020$2,606$2,242$1,924$1,687
15 years$3,223$2,759$2,353$1,999$1,694$1,469
16 years$2,991$2,531$2,133$1,790$1,497$1,283
17 years$2,785$2,331$1,941$1,608$1,328$1,125
18 years$2,603$2,154$1,772$1,450$1,180$988
19 years$2,440$1,996$1,622$1,310$1,052$870
20 years$2,294$1,855$1,489$1,186$940$768
21 years$2,162$1,728$1,369$1,077$841$679
22 years$2,042$1,613$1,262$979$754$601
23 years$1,932$1,509$1,165$892$677$533
24 years$1,832$1,414$1,078$813$608$473
25 years$1,740$1,327$998$743$547$420
26 years$1,655$1,247$926$679$493$373
27 years$1,577$1,173$860$621$444$332
28 years$1,504$1,106$799$569$401$296
29 years$1,437$1,043$744$522$362$263
30 years$1,374$985$693$479$327$235
31 years$1,315$931$646$440$296$209
32 years$1,260$881$602$404$268$187
33 years$1,209$834$563$372$242$167
34 years$1,160$791$526$342$219$149
35 years$1,115$750$491$315$199$133
36 years$1,072$712$460$290$180$119
37 years$1,032$676$430$267$163$106
38 years$993$643$403$246$148$95
39 years$957$611$378$227$134$85
40 years$923$581$354$210$122$76
41 years$890$553$332$193$110$68
42 years$859$527$311$178$100$61
43 years$830$502$292$165$91$54
44 years$802$479$274$152$82$48
45 years$775$456$257$140$75$43
46 years$750$435$242$130$68$39
47 years$726$416$227$120$62$35
48 years$702$397$213$111$56$31
49 years$680$379$201$102$51$28
50 years$659$362$189$95$46$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $675,000, adding $2,432 every year, while hoping to spend $27,228 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: 61/12/27 Blend
39$675,000$675,000$675,000$675,000
40$746,359$710,584$700,121$786,337
41$793,517$716,432$694,605$819,663
42$844,573$721,654$687,991$852,866
43$899,895$726,191$680,215$888,529
44$959,889$729,979$671,206$926,896
45$1,025,001$732,951$660,895$968,239
46$1,095,721$735,036$649,205$1,012,859
47$1,172,589$736,157$636,058$1,061,086
48$1,256,198$736,234$621,371$1,113,286
49$1,347,202$735,181$605,059$1,169,863
50$1,446,318$732,907$587,030$1,231,265
51$1,554,338$729,315$567,191$1,297,983
52$1,672,132$724,302$545,443$1,370,562
53$1,800,657$717,761$521,683$1,449,605
54$1,940,967$709,574$495,803$1,535,774
55$2,094,224$699,621$467,690$1,629,804
56$2,261,704$687,772$437,227$1,732,504
57$2,444,813$673,888$404,290$1,844,767
58$2,645,101$657,826$368,750$1,967,582
59$2,864,272$639,430$330,474$2,102,036
60$3,104,204$618,538$289,321$2,249,332
61$3,366,964$594,978$245,145$2,410,799
62$3,654,829$568,566$197,791$2,587,899
63$3,970,305$539,109$147,101$2,782,251
64$4,316,154$506,404$92,907$2,995,638
65$4,695,418$470,234$35,036$3,230,028
66$5,111,446$430,370$0$3,487,595
67$5,567,927$386,572$0$3,778,433
68$6,068,925$338,584$0$4,108,760
69$6,618,917$286,136$0$4,471,448
70$7,222,833$228,943$0$4,869,774
71$7,886,105$166,704$0$5,307,351
72$8,614,717$99,102$0$5,788,162
73$9,415,261$25,801$0$6,316,595
74$10,294,998$0$0$6,897,485
75$11,261,929$0$0$7,543,236
76$12,324,868$0$0$8,256,906
77$13,493,524$0$0$9,041,615
78$14,778,596$0$0$9,904,552
79$16,191,871$0$0$10,853,641
80$17,746,334$0$0$11,897,610
81$19,456,293$0$0$13,046,077
82$21,337,513$0$0$14,309,636
83$23,407,362$0$0$15,699,964
84$25,684,980$0$0$17,229,923
85$28,191,451$0$0$18,913,688
86$30,950,010$0$0$20,766,876
87$33,986,258$0$0$22,806,695
88$37,328,402$0$0$25,052,105
89$41,007,525$0$0$27,524,000
90$45,057,875$0$0$30,245,401
91$49,517,189$0$0$33,241,674
92$54,427,051$0$0$36,540,771
93$59,833,281$0$0$40,173,492
94$65,786,368$0$0$44,173,775
95$72,341,948$0$0$48,579,020
96$79,561,326$0$0$53,430,433
97$87,512,056$0$0$58,773,427
98$96,268,579$0$0$64,658,037
99$105,912,921$0$0$71,139,405
100$116,535,472$0$0$78,278,288