Can I retire at age 40 with 657,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$54,254$53,771$53,300$52,839$52,390$51,438
2 years$26,859$26,358$25,874$25,404$24,948$23,991
3 years$17,728$17,226$16,742$16,276$15,828$14,898
4 years$13,163$12,663$12,184$11,726$11,289$10,392
5 years$10,425$9,928$9,455$9,007$8,581$7,720
6 years$8,601$8,107$7,641$7,203$6,790$5,966
7 years$7,298$6,808$6,350$5,922$5,522$4,735
8 years$6,321$5,836$5,385$4,968$4,581$3,831
9 years$5,562$5,081$4,638$4,231$3,858$3,144
10 years$4,955$4,479$4,044$3,647$3,287$2,609
11 years$4,459$3,987$3,560$3,174$2,827$2,184
12 years$4,045$3,579$3,159$2,784$2,450$1,840
13 years$3,696$3,234$2,823$2,458$2,136$1,560
14 years$3,396$2,940$2,536$2,182$1,873$1,328
15 years$3,137$2,685$2,290$1,946$1,649$1,136
16 years$2,911$2,464$2,076$1,742$1,457$974
17 years$2,711$2,269$1,889$1,566$1,292$837
18 years$2,534$2,097$1,725$1,411$1,149$722
19 years$2,375$1,943$1,579$1,275$1,024$623
20 years$2,233$1,806$1,449$1,155$915$539
21 years$2,104$1,682$1,333$1,048$819$467
22 years$1,987$1,570$1,228$953$734$405
23 years$1,881$1,468$1,134$868$659$352
24 years$1,783$1,376$1,049$791$592$305
25 years$1,694$1,291$971$723$533$266
26 years$1,611$1,213$901$661$480$231
27 years$1,535$1,142$837$605$433$201
28 years$1,464$1,076$778$554$390$175
29 years$1,399$1,015$724$508$352$153
30 years$1,337$959$674$466$318$133
31 years$1,280$906$629$428$288$116
32 years$1,227$858$586$394$260$101
33 years$1,177$812$548$362$236$88
34 years$1,130$770$512$333$213$77
35 years$1,085$730$478$307$193$67
36 years$1,043$693$447$282$175$59
37 years$1,004$658$419$260$159$51
38 years$967$625$392$240$144$45
39 years$932$595$367$221$131$39
40 years$898$566$344$204$118$34
41 years$867$539$323$188$107$30
42 years$836$513$303$174$97$26
43 years$808$489$284$160$88$23
44 years$781$466$267$148$80$20
45 years$755$444$251$137$73$17
46 years$730$424$235$126$66$15
47 years$706$404$221$117$60$13
48 years$684$386$208$108$55$12
49 years$662$369$195$100$50$10
50 years$641$352$184$92$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $657,000, adding $6,019 every year, while hoping to spend $29,543 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: 50/26/24 Blend
39$657,000$657,000$657,000$657,000
40$730,223$695,402$685,218$761,532
41$773,272$698,043$676,739$786,572
42$819,722$699,823$666,986$810,303
43$869,888$700,669$655,885$835,496
44$924,119$700,504$643,359$862,300
45$982,793$699,243$629,326$890,883
46$1,046,332$696,800$613,703$921,432
47$1,115,196$693,081$596,399$954,152
48$1,189,890$687,987$577,324$989,274
49$1,270,974$681,413$556,379$1,027,051
50$1,359,059$673,247$533,463$1,067,766
51$1,454,820$663,373$508,471$1,111,732
52$1,558,998$651,665$481,291$1,159,296
53$1,672,409$637,991$451,808$1,210,843
54$1,795,952$622,209$419,901$1,266,800
55$1,930,615$604,173$385,443$1,327,639
56$2,077,484$583,724$348,302$1,393,884
57$2,237,758$560,697$308,340$1,466,116
58$2,412,753$534,915$265,413$1,544,975
59$2,603,920$506,192$219,371$1,631,175
60$2,812,856$474,331$170,056$1,725,501
61$3,041,318$439,124$117,304$1,828,824
62$3,291,242$400,351$60,943$1,942,110
63$3,564,759$357,779$795$2,066,424
64$3,864,217$311,162$0$2,202,947
65$4,192,198$260,240$0$2,369,216
66$4,551,548$204,738$0$2,551,713
67$4,945,403$144,367$0$2,751,882
68$5,377,213$78,820$0$2,971,542
69$5,850,780$7,773$0$3,212,697
70$6,370,292$0$0$3,477,561
71$6,940,359$0$0$3,788,352
72$7,566,063$0$0$4,131,987
73$8,252,999$0$0$4,509,326
74$9,007,331$0$0$4,923,764
75$9,835,850$0$0$5,379,040
76$10,746,035$0$0$5,879,276
77$11,746,128$0$0$6,429,011
78$12,845,206$0$0$7,033,245
79$14,053,270$0$0$7,697,488
80$15,381,339$0$0$8,427,809
81$16,841,553$0$0$9,230,897
82$18,447,284$0$0$10,114,118
83$20,213,269$0$0$11,085,590
84$22,155,742$0$0$12,154,257
85$24,292,590$0$0$13,329,973
86$26,643,520$0$0$14,623,595
87$29,230,248$0$0$16,047,087
88$32,076,698$0$0$17,613,630
89$35,209,232$0$0$19,337,746
90$38,656,898$0$0$21,235,440
91$42,451,699$0$0$23,324,343
92$46,628,902$0$0$25,623,886
93$51,227,364$0$0$28,155,476
94$56,289,902$0$0$30,942,705
95$61,863,695$0$0$34,011,564
96$68,000,730$0$0$37,390,698
97$74,758,292$0$0$41,111,666
98$82,199,501$0$0$45,209,248
99$90,393,914$0$0$49,721,765
100$99,418,174$0$0$54,691,446