Can I retire at age 40 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$55,823$55,326$54,841$54,368$53,905$52,221
2 years$27,635$27,121$26,622$26,138$25,669$23,988
3 years$18,241$17,724$17,226$16,747$16,286$14,659
4 years$13,544$13,029$12,536$12,065$11,615$10,056
5 years$10,727$10,215$9,729$9,267$8,830$7,343
6 years$8,849$8,341$7,862$7,411$6,987$5,573
7 years$7,509$7,005$6,533$6,093$5,682$4,341
8 years$6,504$6,004$5,541$5,111$4,714$3,445
9 years$5,723$5,228$4,772$4,354$3,970$2,772
10 years$5,098$4,608$4,161$3,753$3,382$2,253
11 years$4,587$4,102$3,663$3,266$2,909$1,847
12 years$4,162$3,682$3,251$2,865$2,521$1,523
13 years$3,803$3,328$2,904$2,529$2,198$1,263
14 years$3,495$3,025$2,610$2,245$1,927$1,051
15 years$3,228$2,763$2,356$2,002$1,697$878
16 years$2,995$2,535$2,136$1,793$1,499$736
17 years$2,789$2,335$1,944$1,611$1,330$618
18 years$2,607$2,157$1,774$1,452$1,182$520
19 years$2,444$1,999$1,624$1,312$1,054$438
20 years$2,298$1,858$1,491$1,188$941$369
21 years$2,165$1,731$1,371$1,078$842$312
22 years$2,045$1,615$1,264$980$755$264
23 years$1,935$1,511$1,167$893$678$223
24 years$1,835$1,416$1,079$814$609$189
25 years$1,743$1,328$1,000$744$548$160
26 years$1,658$1,249$927$680$494$136
27 years$1,579$1,175$861$622$445$115
28 years$1,507$1,107$800$570$402$97
29 years$1,439$1,045$745$523$363$83
30 years$1,376$986$694$480$328$70
31 years$1,317$933$647$441$296$60
32 years$1,262$882$603$405$268$51
33 years$1,211$836$563$373$243$43
34 years$1,162$792$526$343$220$36
35 years$1,117$751$492$316$199$31
36 years$1,074$713$460$291$180$26
37 years$1,033$677$431$268$163$22
38 years$995$644$404$247$148$19
39 years$959$612$378$228$134$16
40 years$924$582$354$210$122$14
41 years$892$554$332$194$110$12
42 years$861$528$312$179$100$10
43 years$831$503$292$165$91$8
44 years$803$479$275$152$83$7
45 years$776$457$258$141$75$6
46 years$751$436$242$130$68$5
47 years$727$416$227$120$62$4
48 years$703$397$214$111$56$4
49 years$681$379$201$103$51$3
50 years$660$362$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $676,000, adding $4,124 every year, while hoping to spend $22,876 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: 79/10/11 Blend
39$676,000$676,000$676,000$676,000
40$749,206$713,378$702,900$806,607
41$801,285$723,994$702,107$855,519
42$857,910$734,363$700,521$905,791
43$919,519$744,449$698,091$960,279
44$986,597$754,214$694,764$1,019,394
45$1,059,675$763,616$690,484$1,083,589
46$1,139,339$772,610$685,192$1,153,363
47$1,226,233$781,150$678,828$1,229,264
48$1,321,068$789,185$671,328$1,311,897
49$1,424,623$796,661$662,623$1,401,929
50$1,537,757$803,520$652,644$1,500,095
51$1,661,418$809,703$641,318$1,607,203
52$1,796,647$815,142$628,566$1,724,145
53$1,944,591$819,770$614,309$1,851,902
54$2,106,513$823,512$598,461$1,991,558
55$2,283,803$826,290$580,936$2,144,305
56$2,477,993$828,021$561,640$2,311,457
57$2,690,770$828,615$540,476$2,494,461
58$2,923,991$827,980$517,344$2,694,914
59$3,179,701$826,014$492,138$2,914,575
60$3,460,154$822,612$464,748$3,155,380
61$3,767,831$817,661$435,059$3,419,466
62$4,105,465$811,042$402,949$3,709,186
63$4,476,068$802,628$368,292$4,027,134
64$4,882,955$792,285$330,958$4,376,167
65$5,329,779$779,870$290,809$4,759,437
66$5,820,566$765,233$247,700$5,180,414
67$6,359,749$748,215$201,483$5,642,924
68$6,952,210$728,645$152,000$6,151,184
69$7,603,332$706,344$99,088$6,709,841
70$8,319,041$681,124$42,577$7,324,016
71$9,105,867$652,784$0$7,999,352
72$9,971,006$621,110$0$8,744,152
73$10,922,384$585,880$0$9,568,658
74$11,968,733$546,854$0$10,475,444
75$13,119,677$503,783$0$11,472,862
76$14,385,816$456,401$0$12,570,113
77$15,778,832$404,426$0$13,777,337
78$17,311,593$347,563$0$15,105,706
79$18,998,280$285,499$0$16,567,532
80$20,854,518$217,902$0$18,176,384
81$22,897,523$144,422$0$19,947,212
82$25,146,263$64,692$0$21,896,491
83$27,621,639$0$0$24,042,377
84$30,346,684$0$0$26,407,263
85$33,346,774$0$0$29,018,704
86$36,649,872$0$0$31,893,927
87$40,286,790$0$0$35,059,755
88$44,291,481$0$0$38,545,746
89$48,701,357$0$0$42,384,469
90$53,557,643$0$0$46,611,814
91$58,905,765$0$0$51,267,329
92$64,795,781$0$0$56,394,591
93$71,282,850$0$0$62,041,621
94$78,427,754$0$0$68,261,334
95$86,297,470$0$0$75,112,038
96$94,965,805$0$0$82,657,988
97$104,514,090$0$0$90,969,987
98$115,031,945$0$0$100,126,058
99$126,618,130$0$0$110,212,177
100$139,381,473$0$0$121,323,089