Can I retire at age 40 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$56,402$55,899$55,409$54,931$54,463$52,678
2 years$27,922$27,402$26,898$26,409$25,935$24,153
3 years$18,429$17,907$17,404$16,920$16,454$14,732
4 years$13,684$13,164$12,666$12,190$11,735$10,086
5 years$10,838$10,320$9,829$9,363$8,921$7,349
6 years$8,941$8,427$7,944$7,488$7,059$5,565
7 years$7,587$7,077$6,601$6,156$5,741$4,325
8 years$6,571$6,067$5,598$5,164$4,762$3,424
9 years$5,782$5,282$4,822$4,399$4,011$2,748
10 years$5,151$4,656$4,204$3,792$3,417$2,229
11 years$4,635$4,145$3,701$3,300$2,939$1,822
12 years$4,205$3,720$3,284$2,895$2,547$1,499
13 years$3,842$3,362$2,934$2,555$2,221$1,239
14 years$3,531$3,056$2,637$2,268$1,947$1,029
15 years$3,261$2,792$2,381$2,023$1,714$857
16 years$3,026$2,561$2,158$1,811$1,515$716
17 years$2,818$2,359$1,964$1,628$1,343$599
18 years$2,634$2,180$1,793$1,467$1,194$502
19 years$2,469$2,020$1,641$1,325$1,065$422
20 years$2,321$1,877$1,506$1,200$951$355
21 years$2,188$1,749$1,385$1,089$851$299
22 years$2,066$1,632$1,277$991$763$252
23 years$1,955$1,527$1,179$902$685$212
24 years$1,854$1,430$1,090$823$615$179
25 years$1,761$1,342$1,010$751$554$151
26 years$1,675$1,261$937$687$499$128
27 years$1,596$1,187$870$629$450$108
28 years$1,522$1,119$809$576$406$91
29 years$1,454$1,055$752$528$366$77
30 years$1,390$997$701$485$331$65
31 years$1,331$942$653$445$299$55
32 years$1,275$892$610$409$271$47
33 years$1,223$844$569$376$245$40
34 years$1,174$800$532$346$222$33
35 years$1,128$759$497$319$201$28
36 years$1,085$720$465$294$182$24
37 years$1,044$684$435$271$165$20
38 years$1,005$650$408$249$150$17
39 years$968$618$382$230$136$15
40 years$934$588$358$212$123$12
41 years$901$560$336$196$112$10
42 years$870$533$315$181$101$9
43 years$840$508$296$167$92$7
44 years$812$484$277$154$83$6
45 years$785$462$260$142$76$5
46 years$759$441$245$131$69$5
47 years$734$420$230$121$62$4
48 years$711$401$216$112$57$3
49 years$688$383$203$104$52$3
50 years$667$366$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $683,000, adding $6,394 every year, while hoping to spend $25,922 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: 62/32/6 Blend
39$683,000$683,000$683,000$683,000
40$759,261$723,062$712,476$805,122
41$809,125$730,912$708,763$844,362
42$863,206$738,277$704,057$883,563
43$921,908$745,107$698,297$925,678
44$985,672$751,347$691,420$970,987
45$1,054,987$756,939$683,359$1,019,801
46$1,130,389$761,822$674,044$1,072,459
47$1,212,466$765,929$663,403$1,129,339
48$1,301,870$769,192$651,359$1,190,856
49$1,399,313$771,534$637,832$1,257,468
50$1,505,582$772,878$622,738$1,329,680
51$1,621,541$773,140$605,990$1,408,051
52$1,748,144$772,229$587,496$1,493,194
53$1,886,438$770,052$567,161$1,585,789
54$2,037,578$766,508$544,884$1,686,585
55$2,202,834$761,489$520,560$1,796,407
56$2,383,605$754,884$494,081$1,916,166
57$2,581,431$746,572$465,331$2,046,867
58$2,798,008$736,425$434,191$2,189,620
59$3,035,204$724,309$400,535$2,345,647
60$3,295,076$710,081$364,234$2,516,298
61$3,579,889$693,590$325,151$2,703,061
62$3,892,137$674,675$283,143$2,907,578
63$4,234,568$653,168$238,061$3,131,660
64$4,610,208$628,887$189,750$3,377,305
65$5,022,390$601,643$138,048$3,646,717
66$5,474,786$571,236$82,785$3,942,326
67$5,971,440$537,453$23,784$4,266,813
68$6,516,807$500,068$0$4,623,136
69$7,115,794$458,844$0$5,017,063
70$7,773,807$413,530$0$5,451,473
71$8,496,803$363,859$0$5,928,819
72$9,291,340$309,552$0$6,453,491
73$10,164,648$250,312$0$7,030,327
74$11,124,690$185,825$0$7,664,663
75$12,180,239$115,760$0$8,362,382
76$13,340,959$39,768$0$9,129,971
77$14,617,500$0$0$9,974,582
78$16,021,596$0$0$10,919,072
79$17,566,172$0$0$11,973,521
80$19,265,471$0$0$13,133,656
81$21,135,187$0$0$14,410,198
82$23,192,610$0$0$15,814,960
83$25,456,792$0$0$17,360,958
84$27,948,724$0$0$19,062,534
85$30,691,536$0$0$20,935,488
86$33,710,714$0$0$22,997,235
87$37,034,341$0$0$25,266,958
88$40,693,360$0$0$27,765,800
89$44,721,866$0$0$30,517,054
90$49,157,430$0$0$33,546,389
91$54,041,450$0$0$36,882,090
92$59,419,544$0$0$40,555,321
93$65,341,979$0$0$44,600,427
94$71,864,143$0$0$49,055,250
95$79,047,073$0$0$53,961,491
96$86,958,025$0$0$59,365,101
97$95,671,110$0$0$65,316,714
98$105,267,996$0$0$71,872,128
99$115,838,675$0$0$79,092,826
100$127,482,314$0$0$87,046,563