Can I retire at age 40 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$56,154$55,654$55,166$54,689$54,224$53,326
2 years$27,799$27,281$26,779$26,293$25,821$24,919
3 years$18,349$17,829$17,328$16,846$16,382$15,504
4 years$13,624$13,106$12,610$12,137$11,684$10,836
5 years$10,790$10,275$9,786$9,322$8,882$8,067
6 years$8,902$8,390$7,909$7,455$7,028$6,248
7 years$7,553$7,046$6,572$6,129$5,716$4,970
8 years$6,542$6,040$5,574$5,142$4,742$4,030
9 years$5,757$5,259$4,801$4,379$3,993$3,315
10 years$5,128$4,635$4,185$3,775$3,402$2,758
11 years$4,615$4,127$3,685$3,286$2,926$2,314
12 years$4,187$3,704$3,270$2,882$2,536$1,955
13 years$3,825$3,347$2,922$2,544$2,211$1,662
14 years$3,515$3,043$2,625$2,258$1,938$1,419
15 years$3,247$2,779$2,370$2,014$1,707$1,216
16 years$3,013$2,550$2,149$1,803$1,508$1,046
17 years$2,806$2,348$1,955$1,620$1,337$902
18 years$2,622$2,170$1,785$1,460$1,189$780
19 years$2,459$2,011$1,634$1,320$1,060$675
20 years$2,311$1,869$1,500$1,195$947$586
21 years$2,178$1,741$1,379$1,085$847$509
22 years$2,057$1,625$1,271$986$759$443
23 years$1,947$1,520$1,174$898$682$386
24 years$1,846$1,424$1,086$819$613$336
25 years$1,753$1,336$1,005$748$551$293
26 years$1,668$1,256$933$684$497$256
27 years$1,589$1,182$866$626$448$224
28 years$1,516$1,114$805$574$404$195
29 years$1,448$1,051$749$526$365$171
30 years$1,384$992$698$483$330$149
31 years$1,325$938$651$443$298$131
32 years$1,270$888$607$407$270$114
33 years$1,218$841$567$375$244$100
34 years$1,169$797$530$345$221$88
35 years$1,123$756$495$317$200$77
36 years$1,080$717$463$292$181$67
37 years$1,039$681$433$269$164$59
38 years$1,001$647$406$248$149$52
39 years$964$616$380$229$135$45
40 years$930$586$356$211$123$40
41 years$897$558$334$195$111$35
42 years$866$531$314$180$101$31
43 years$836$506$294$166$92$27
44 years$808$482$276$153$83$23
45 years$781$460$259$141$75$21
46 years$755$439$244$131$68$18
47 years$731$419$229$121$62$16
48 years$708$400$215$112$56$14
49 years$685$382$202$103$51$12
50 years$664$365$190$95$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $680,000, adding $3,130 every year, while hoping to spend $45,944 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: 61/22/17 Blend
39$680,000$680,000$680,000$680,000
40$752,589$716,549$706,009$795,058
41$780,469$702,775$680,776$810,289
42$809,652$686,788$653,158$821,486
43$840,225$668,428$623,026$832,631
44$872,277$647,530$590,247$843,725
45$905,909$623,918$554,680$854,767
46$941,227$597,407$516,178$865,763
47$978,351$567,798$474,588$876,720
48$1,017,406$534,883$429,750$887,645
49$1,058,531$498,442$381,496$898,553
50$1,101,878$458,242$329,653$909,461
51$1,147,610$414,037$274,037$920,391
52$1,195,907$365,566$214,458$931,368
53$1,246,965$312,554$150,718$942,428
54$1,300,997$254,710$82,608$953,609
55$1,358,235$191,727$9,912$964,960
56$1,418,934$123,282$0$976,536
57$1,483,373$49,030$0$1,000,680
58$1,551,855$0$0$1,027,911
59$1,624,714$0$0$1,064,163
60$1,702,313$0$0$1,115,445
61$1,785,052$0$0$1,170,153
62$1,873,366$0$0$1,228,581
63$1,967,735$0$0$1,291,050
64$2,068,684$0$0$1,357,911
65$2,176,786$0$0$1,429,550
66$2,292,674$0$0$1,506,389
67$2,417,038$0$0$1,588,893
68$2,550,639$0$0$1,677,572
69$2,694,310$0$0$1,772,984
70$2,848,965$0$0$1,875,744
71$3,015,610$0$0$1,986,525
72$3,195,349$0$0$2,106,069
73$3,389,393$0$0$2,235,190
74$3,599,076$0$0$2,374,781
75$3,825,861$0$0$2,525,826
76$4,071,358$0$0$2,689,405
77$4,337,337$0$0$2,866,707
78$4,625,743$0$0$3,059,038
79$4,938,714$0$0$3,267,833
80$5,278,605$0$0$3,494,675
81$5,648,004$0$0$3,741,300
82$6,049,756$0$0$4,009,621
83$6,486,996$0$0$4,301,742
84$6,963,170$0$0$4,619,979
85$7,482,070$0$0$4,966,878
86$8,047,870$0$0$5,345,245
87$8,665,165$0$0$5,758,165
88$9,339,011$0$0$6,209,036
89$10,074,974$0$0$6,701,597
90$10,879,182$0$0$7,239,965
91$11,758,381$0$0$7,828,673
92$12,719,998$0$0$8,472,711
93$13,772,211$0$0$9,177,576
94$14,924,026$0$0$9,949,316
95$16,185,357$0$0$10,794,597
96$17,567,126$0$0$11,720,755
97$19,081,357$0$0$12,735,873
98$20,741,294$0$0$13,848,850
99$22,561,525$0$0$15,069,488
100$24,558,115$0$0$16,408,586