Can I retire at age 40 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$56,236$55,735$55,247$54,770$54,304$53,826
2 years$27,840$27,321$26,819$26,332$25,859$25,378
3 years$18,375$17,855$17,354$16,871$16,406$15,936
4 years$13,644$13,125$12,629$12,155$11,701$11,246
5 years$10,806$10,290$9,801$9,336$8,895$8,456
6 years$8,915$8,403$7,920$7,466$7,038$6,616
7 years$7,564$7,057$6,582$6,138$5,724$5,319
8 years$6,552$6,049$5,582$5,149$4,749$4,360
9 years$5,765$5,267$4,808$4,386$3,999$3,628
10 years$5,136$4,642$4,191$3,781$3,407$3,052
11 years$4,621$4,133$3,690$3,290$2,930$2,592
12 years$4,193$3,709$3,275$2,886$2,539$2,217
13 years$3,831$3,352$2,926$2,548$2,214$1,908
14 years$3,521$3,047$2,629$2,262$1,941$1,649
15 years$3,252$2,783$2,374$2,017$1,709$1,432
16 years$3,017$2,554$2,152$1,806$1,511$1,248
17 years$2,810$2,352$1,958$1,623$1,339$1,091
18 years$2,626$2,173$1,788$1,462$1,191$956
19 years$2,462$2,014$1,636$1,321$1,061$839
20 years$2,315$1,872$1,502$1,197$948$738
21 years$2,181$1,743$1,381$1,086$848$651
22 years$2,060$1,627$1,273$988$761$574
23 years$1,950$1,522$1,176$899$683$508
24 years$1,849$1,426$1,087$820$614$449
25 years$1,756$1,338$1,007$749$552$398
26 years$1,670$1,258$934$685$497$352
27 years$1,591$1,184$867$627$448$312
28 years$1,518$1,115$806$574$405$277
29 years$1,450$1,052$750$527$365$246
30 years$1,386$994$699$483$330$219
31 years$1,327$939$651$444$298$194
32 years$1,272$889$608$408$270$173
33 years$1,220$842$568$375$244$154
34 years$1,171$798$530$345$221$137
35 years$1,125$757$496$318$200$122
36 years$1,082$718$464$293$182$108
37 years$1,041$682$434$270$165$97
38 years$1,002$648$407$249$149$86
39 years$966$616$381$229$135$77
40 years$931$587$357$211$123$68
41 years$898$558$335$195$111$61
42 years$867$532$314$180$101$54
43 years$837$507$295$166$92$48
44 years$809$483$277$153$83$43
45 years$782$461$260$142$76$38
46 years$757$439$244$131$69$34
47 years$732$419$229$121$62$31
48 years$709$400$215$112$57$27
49 years$686$382$202$103$51$24
50 years$665$365$190$95$47$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $681,000, adding $3,743 every year, while hoping to spend $41,112 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: 73/22/5 Blend
39$681,000$681,000$681,000$681,000
40$754,323$718,230$707,674$808,809
41$787,521$709,680$687,639$836,645
42$822,727$699,334$665,554$861,558
43$860,104$687,059$641,308$887,663
44$899,826$672,717$614,783$915,065
45$942,088$656,160$585,858$943,879
46$987,101$637,231$554,404$974,232
47$1,035,095$615,766$520,288$1,006,265
48$1,086,326$591,590$483,368$1,040,135
49$1,141,070$564,517$443,500$1,076,015
50$1,199,633$534,351$400,530$1,114,097
51$1,262,347$500,886$354,300$1,154,595
52$1,329,579$463,902$304,641$1,197,742
53$1,401,730$423,168$251,381$1,243,801
54$1,479,242$378,438$194,338$1,293,059
55$1,562,598$329,455$133,321$1,345,837
56$1,652,329$275,944$68,134$1,402,490
57$1,749,018$217,617$0$1,463,408
58$1,853,307$154,169$0$1,529,102
59$1,965,899$85,278$0$1,603,861
60$2,087,567$10,603$0$1,684,589
61$2,219,161$0$0$1,771,888
62$2,361,615$0$0$1,883,419
63$2,515,957$0$0$2,007,065
64$2,683,316$0$0$2,141,165
65$2,864,934$0$0$2,286,719
66$3,062,176$0$0$2,444,825
67$3,276,545$0$0$2,616,691
68$3,509,693$0$0$2,803,646
69$3,763,439$0$0$3,007,152
70$4,039,783$0$0$3,228,818
71$4,340,928$0$0$3,470,415
72$4,669,295$0$0$3,733,890
73$5,027,552$0$0$4,021,389
74$5,418,634$0$0$4,335,272
75$5,845,772$0$0$4,678,137
76$6,312,523$0$0$5,052,846
77$6,822,803$0$0$5,462,548
78$7,380,922$0$0$5,910,710
79$7,991,629$0$0$6,401,151
80$8,660,151$0$0$6,938,074
81$9,392,243$0$0$7,526,109
82$10,194,244$0$0$8,170,356
83$11,073,135$0$0$8,876,428
84$12,036,604$0$0$9,650,509
85$13,093,118$0$0$10,499,409
86$14,252,003$0$0$11,430,632
87$15,523,531$0$0$12,452,437
88$16,919,017$0$0$13,573,927
89$18,450,922$0$0$14,805,126
90$20,132,976$0$0$16,157,078
91$21,980,302$0$0$17,641,946
92$24,009,558$0$0$19,273,131
93$26,239,097$0$0$21,065,396
94$28,689,137$0$0$23,035,003
95$31,381,952$0$0$25,199,871
96$34,342,078$0$0$27,579,736
97$37,596,552$0$0$30,196,346
98$41,175,156$0$0$33,073,660
99$45,110,707$0$0$36,238,075
100$49,439,358$0$0$39,718,673