Can I retire at age 40 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$56,567$56,063$55,571$55,091$54,623$52,685
2 years$28,003$27,482$26,976$26,486$26,011$24,079
3 years$18,483$17,960$17,455$16,970$16,502$14,637
4 years$13,724$13,202$12,703$12,226$11,770$9,986
5 years$10,870$10,351$9,858$9,391$8,947$7,249
6 years$8,967$8,452$7,967$7,510$7,080$5,468
7 years$7,609$7,098$6,620$6,174$5,758$4,233
8 years$6,591$6,084$5,615$5,179$4,776$3,338
9 years$5,799$5,298$4,836$4,412$4,022$2,667
10 years$5,166$4,670$4,216$3,803$3,427$2,153
11 years$4,649$4,157$3,712$3,310$2,948$1,752
12 years$4,218$3,731$3,294$2,903$2,554$1,435
13 years$3,853$3,372$2,943$2,563$2,227$1,181
14 years$3,541$3,065$2,644$2,275$1,953$975
15 years$3,271$2,800$2,387$2,029$1,719$808
16 years$3,035$2,569$2,165$1,817$1,519$672
17 years$2,827$2,366$1,970$1,632$1,347$560
18 years$2,642$2,186$1,798$1,471$1,198$467
19 years$2,477$2,026$1,646$1,329$1,068$390
20 years$2,328$1,883$1,511$1,204$954$326
21 years$2,194$1,754$1,390$1,093$853$273
22 years$2,072$1,637$1,281$993$765$229
23 years$1,961$1,531$1,182$905$687$192
24 years$1,859$1,434$1,094$825$617$161
25 years$1,766$1,346$1,013$754$555$135
26 years$1,680$1,265$939$689$500$114
27 years$1,600$1,191$872$631$451$95
28 years$1,527$1,122$811$578$407$80
29 years$1,458$1,058$755$530$368$67
30 years$1,394$1,000$703$486$332$57
31 years$1,335$945$655$447$300$48
32 years$1,279$894$611$410$272$40
33 years$1,227$847$571$377$246$34
34 years$1,178$803$533$347$223$28
35 years$1,131$761$499$320$202$24
36 years$1,088$722$467$294$183$20
37 years$1,047$686$437$271$166$17
38 years$1,008$652$409$250$150$14
39 years$971$620$383$231$136$12
40 years$937$590$359$213$123$10
41 years$903$562$337$196$112$8
42 years$872$535$316$181$102$7
43 years$842$510$296$167$92$6
44 years$814$486$278$154$84$5
45 years$787$463$261$143$76$4
46 years$761$442$245$132$69$4
47 years$736$422$230$122$63$3
48 years$713$403$217$112$57$3
49 years$690$384$204$104$52$2
50 years$669$367$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 $685,000, adding $4,518 every year, while hoping to spend $22,205 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: 48/35/17 Blend
39$685,000$685,000$685,000$685,000
40$759,530$723,225$712,608$792,160
41$813,376$735,037$712,854$827,054
42$871,971$746,684$712,365$862,291
43$935,774$758,134$711,091$900,076
44$1,005,293$769,353$708,983$940,654
45$1,081,087$780,304$705,987$984,299
46$1,163,768$790,950$702,049$1,031,312
47$1,254,015$801,249$697,110$1,082,024
48$1,352,570$811,156$691,108$1,136,803
49$1,460,253$820,623$683,981$1,196,054
50$1,577,966$829,601$675,662$1,260,222
51$1,706,702$838,035$666,080$1,329,802
52$1,847,554$845,867$655,162$1,405,337
53$2,001,726$853,036$642,832$1,487,429
54$2,170,544$859,476$629,008$1,576,740
55$2,355,467$865,119$613,608$1,674,003
56$2,558,104$869,889$596,543$1,780,025
57$2,780,225$873,708$577,722$1,895,699
58$3,023,780$876,491$557,047$2,022,007
59$3,290,916$878,150$534,419$2,160,035
60$3,584,000$878,590$509,732$2,310,982
61$3,905,636$877,709$482,877$2,476,170
62$4,258,696$875,402$453,738$2,657,057
63$4,646,341$871,554$422,196$2,855,254
64$5,072,052$866,045$388,125$3,072,535
65$5,539,668$858,748$351,393$3,310,861
66$6,053,414$849,526$311,865$3,572,394
67$6,617,946$838,237$269,396$3,859,518
68$7,238,393$824,727$223,837$4,174,865
69$7,920,407$808,836$175,033$4,521,338
70$8,670,212$790,393$122,821$4,902,137
71$9,494,668$769,217$67,030$5,320,796
72$10,401,332$745,116$7,483$5,781,210
73$11,398,529$717,888$0$6,287,675
74$12,495,432$687,318$0$6,855,102
75$13,702,149$653,179$0$7,480,658
76$15,029,814$615,231$0$8,168,785
77$16,490,697$573,219$0$8,925,880
78$18,098,318$526,877$0$9,758,996
79$19,867,571$475,919$0$10,675,908
80$21,814,870$420,045$0$11,685,186
81$23,958,299$358,939$0$12,796,280
82$26,317,784$292,266$0$14,019,607
83$28,915,282$219,672$0$15,366,651
84$31,774,988$140,782$0$16,850,072
85$34,923,559$55,203$0$18,483,826
86$38,390,372$0$0$20,283,300
87$42,207,795$0$0$22,279,887
88$46,411,495$0$0$24,502,016
89$51,040,776$0$0$26,949,215
90$56,138,946$0$0$29,644,389
91$61,753,727$0$0$32,612,782
92$67,937,707$0$0$35,882,207
93$74,748,834$0$0$39,483,316
94$82,250,962$0$0$43,449,883
95$90,514,456$0$0$47,819,127
96$99,616,855$0$0$52,632,061
97$109,643,601$0$0$57,933,878
98$120,688,848$0$0$63,774,381
99$132,856,352$0$0$70,208,450
100$146,260,443$0$0$77,296,560