Can I retire at age 40 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$56,071$55,572$55,084$54,609$54,144$52,643
2 years$27,758$27,241$26,740$26,254$25,783$24,282
3 years$18,322$17,802$17,303$16,821$16,358$14,904
4 years$13,604$13,087$12,592$12,119$11,667$10,271
5 years$10,775$10,260$9,772$9,308$8,869$7,535
6 years$8,889$8,378$7,897$7,444$7,018$5,747
7 years$7,542$7,036$6,562$6,120$5,707$4,500
8 years$6,533$6,031$5,566$5,134$4,735$3,590
9 years$5,748$5,251$4,794$4,373$3,987$2,904
10 years$5,121$4,629$4,179$3,770$3,397$2,374
11 years$4,608$4,121$3,679$3,281$2,922$1,957
12 years$4,181$3,698$3,265$2,878$2,532$1,624
13 years$3,819$3,342$2,917$2,541$2,208$1,355
14 years$3,510$3,038$2,621$2,255$1,935$1,135
15 years$3,242$2,775$2,367$2,011$1,704$954
16 years$3,008$2,546$2,146$1,801$1,506$804
17 years$2,802$2,345$1,952$1,618$1,335$680
18 years$2,619$2,167$1,782$1,458$1,187$576
19 years$2,455$2,008$1,632$1,318$1,058$488
20 years$2,308$1,866$1,497$1,193$945$415
21 years$2,175$1,738$1,377$1,083$846$353
22 years$2,054$1,623$1,269$985$758$300
23 years$1,944$1,518$1,172$897$681$256
24 years$1,843$1,422$1,084$818$612$218
25 years$1,751$1,334$1,004$747$551$186
26 years$1,665$1,254$931$683$496$159
27 years$1,586$1,180$865$625$447$136
28 years$1,513$1,112$804$573$403$116
29 years$1,445$1,049$748$525$364$99
30 years$1,382$991$697$482$329$85
31 years$1,323$937$650$443$298$72
32 years$1,268$886$606$407$269$62
33 years$1,216$839$566$374$244$53
34 years$1,167$795$529$344$221$45
35 years$1,122$755$494$317$200$39
36 years$1,078$716$462$292$181$33
37 years$1,038$680$433$269$164$28
38 years$999$646$405$248$149$24
39 years$963$615$380$229$135$21
40 years$928$585$356$211$122$18
41 years$896$557$334$194$111$15
42 years$864$530$313$179$101$13
43 years$835$505$294$166$91$11
44 years$807$482$276$153$83$10
45 years$780$459$259$141$75$8
46 years$754$438$243$131$68$7
47 years$730$418$228$121$62$6
48 years$707$399$215$111$56$5
49 years$684$381$202$103$51$4
50 years$663$364$190$95$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $679,000, adding $5,148 every year, while hoping to spend $38,768 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: 51/38/11 Blend
39$679,000$679,000$679,000$679,000
40$753,568$717,581$707,057$789,550
41$789,183$711,494$689,494$808,603
42$827,132$703,809$670,044$824,753
43$867,611$694,407$648,602$841,417
44$910,836$683,162$625,059$858,655
45$957,044$669,940$599,302$876,532
46$1,006,495$654,599$571,211$895,125
47$1,059,472$636,989$540,661$914,519
48$1,116,288$616,951$507,523$934,812
49$1,177,285$594,317$471,660$956,114
50$1,242,838$568,909$432,931$978,549
51$1,313,360$540,538$391,186$1,002,256
52$1,389,303$509,005$346,272$1,027,394
53$1,471,165$474,099$298,025$1,054,138
54$1,559,492$435,598$246,276$1,082,689
55$1,654,883$393,265$190,850$1,113,270
56$1,757,998$346,852$131,561$1,146,131
57$1,869,563$296,097$68,216$1,181,552
58$1,990,372$240,720$616$1,219,849
59$2,121,303$180,428$0$1,261,372
60$2,263,318$114,911$0$1,314,909
61$2,417,476$43,841$0$1,373,127
62$2,584,942$0$0$1,436,470
63$2,766,998$0$0$1,519,365
64$2,965,053$0$0$1,629,550
65$3,180,658$0$0$1,749,563
66$3,415,519$0$0$1,880,362
67$3,671,514$0$0$2,023,001
68$3,950,711$0$0$2,178,641
69$4,255,385$0$0$2,348,558
70$4,588,038$0$0$2,534,160
71$4,951,429$0$0$2,736,994
72$5,348,590$0$0$2,958,763
73$5,782,864$0$0$3,201,345
74$6,257,928$0$0$3,466,806
75$6,777,832$0$0$3,757,419
76$7,347,038$0$0$4,075,690
77$7,970,455$0$0$4,424,378
78$8,653,492$0$0$4,806,521
79$9,402,106$0$0$5,225,464
80$10,222,856$0$0$5,684,892
81$11,122,967$0$0$6,188,865
82$12,110,397$0$0$6,741,853
83$13,193,910$0$0$7,348,779
84$14,383,162$0$0$8,015,069
85$15,688,787$0$0$8,746,697
86$17,122,500$0$0$9,550,245
87$18,697,206$0$0$10,432,963
88$20,427,120$0$0$11,402,839
89$22,327,903$0$0$12,468,673
90$24,416,809$0$0$13,640,158
91$26,712,844$0$0$14,927,975
92$29,236,949$0$0$16,343,889
93$32,012,193$0$0$17,900,864
94$35,063,995$0$0$19,613,183
95$38,420,356$0$0$21,496,580
96$42,112,131$0$0$23,568,394
97$46,173,313$0$0$25,847,727
98$50,641,357$0$0$28,355,625
99$55,557,530$0$0$31,115,279
100$60,967,301$0$0$34,152,240