Can I retire at age 40 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$55,906$55,408$54,922$54,448$53,985$53,488
2 years$27,676$27,161$26,661$26,177$25,707$25,206
3 years$18,268$17,750$17,252$16,772$16,310$15,821
4 years$13,564$13,048$12,555$12,083$11,632$11,159
5 years$10,743$10,230$9,743$9,281$8,843$8,386
6 years$8,863$8,353$7,874$7,422$6,997$6,558
7 years$7,520$7,015$6,543$6,102$5,690$5,269
8 years$6,514$6,013$5,549$5,119$4,721$4,317
9 years$5,731$5,236$4,779$4,360$3,975$3,589
10 years$5,106$4,615$4,167$3,759$3,387$3,019
11 years$4,594$4,108$3,668$3,271$2,913$2,562
12 years$4,168$3,688$3,256$2,869$2,525$2,190
13 years$3,808$3,332$2,909$2,533$2,201$1,883
14 years$3,500$3,029$2,613$2,249$1,930$1,627
15 years$3,233$2,767$2,360$2,005$1,699$1,412
16 years$2,999$2,539$2,139$1,796$1,502$1,229
17 years$2,794$2,338$1,947$1,613$1,331$1,074
18 years$2,611$2,161$1,777$1,454$1,184$940
19 years$2,448$2,002$1,627$1,314$1,055$825
20 years$2,301$1,861$1,493$1,190$943$725
21 years$2,168$1,733$1,373$1,080$843$639
22 years$2,048$1,618$1,266$982$756$563
23 years$1,938$1,513$1,169$894$679$497
24 years$1,838$1,418$1,081$816$610$440
25 years$1,745$1,330$1,001$745$549$389
26 years$1,660$1,250$928$681$494$344
27 years$1,582$1,177$862$623$446$305
28 years$1,509$1,109$801$571$402$271
29 years$1,441$1,046$746$524$363$240
30 years$1,378$988$695$481$328$213
31 years$1,319$934$648$441$297$189
32 years$1,264$884$604$406$268$168
33 years$1,212$837$564$373$243$150
34 years$1,164$793$527$343$220$133
35 years$1,118$752$493$316$199$118
36 years$1,075$714$461$291$180$105
37 years$1,035$678$432$268$164$94
38 years$996$645$404$247$148$83
39 years$960$613$379$228$134$74
40 years$926$583$355$210$122$66
41 years$893$555$333$194$111$59
42 years$862$529$312$179$100$52
43 years$832$504$293$165$91$47
44 years$804$480$275$153$83$41
45 years$778$458$258$141$75$37
46 years$752$437$242$130$68$33
47 years$728$417$228$120$62$29
48 years$705$398$214$111$56$26
49 years$682$380$201$103$51$23
50 years$661$363$189$95$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $677,000, adding $6,228 every year, while hoping to spend $42,820 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: 41/34/25 Blend
39$677,000$677,000$677,000$677,000
40$752,478$716,597$706,104$777,576
41$783,671$706,150$684,198$785,759
42$816,610$693,756$660,123$790,097
43$851,429$679,275$633,762$793,952
44$888,272$662,557$604,990$797,304
45$927,298$643,444$573,680$800,135
46$968,680$621,771$539,696$802,430
47$1,012,607$597,359$502,897$804,175
48$1,059,285$570,023$463,137$805,358
49$1,108,943$539,564$420,262$805,972
50$1,161,825$505,773$374,112$806,013
51$1,218,205$468,429$324,518$805,480
52$1,278,378$427,299$271,306$804,380
53$1,342,671$382,134$214,292$802,724
54$1,411,439$332,674$153,286$800,532
55$1,485,073$278,643$88,089$797,829
56$1,564,003$219,749$18,493$794,652
57$1,648,698$155,684$0$791,047
58$1,739,675$86,122$0$801,953
59$1,837,500$10,720$0$818,794
60$1,942,796$0$0$836,783
61$2,056,244$0$0$882,612
62$2,178,596$0$0$936,430
63$2,310,674$0$0$994,597
64$2,453,386$0$0$1,057,520
65$2,607,725$0$0$1,125,648
66$2,774,785$0$0$1,199,474
67$2,955,770$0$0$1,279,538
68$3,152,001$0$0$1,366,437
69$3,364,931$0$0$1,460,825
70$3,596,161$0$0$1,563,425
71$3,847,448$0$0$1,675,027
72$4,120,727$0$0$1,796,506
73$4,418,128$0$0$1,928,820
74$4,741,991$0$0$2,073,025
75$5,094,895$0$0$2,230,285
76$5,479,675$0$0$2,401,878
77$5,899,454$0$0$2,589,213
78$6,357,667$0$0$2,793,840
79$6,858,097$0$0$3,017,466
80$7,404,906$0$0$3,261,969
81$8,002,680$0$0$3,529,418
82$8,656,464$0$0$3,822,091
83$9,371,817$0$0$4,142,495
84$10,154,855$0$0$4,493,393
85$11,012,317$0$0$4,877,827
86$11,951,623$0$0$5,299,145
87$12,980,944$0$0$5,761,036
88$14,109,279$0$0$6,267,564
89$15,346,538$0$0$6,823,202
90$16,703,639$0$0$7,432,882
91$18,192,604$0$0$8,102,030
92$19,826,677$0$0$8,836,627
93$21,620,446$0$0$9,643,262
94$23,589,980$0$0$10,529,190
95$25,752,980$0$0$11,502,406
96$28,128,946$0$0$12,571,716
97$30,739,359$0$0$13,746,822
98$33,607,885$0$0$15,038,411
99$36,760,592$0$0$16,458,259
100$40,226,204$0$0$18,019,338