Can I retire at age 40 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$54,420$53,935$53,462$53,000$52,550$51,468
2 years$26,940$26,439$25,952$25,481$25,024$23,938
3 years$17,782$17,278$16,793$16,326$15,876$14,821
4 years$13,203$12,701$12,221$11,762$11,323$10,307
5 years$10,457$9,958$9,484$9,034$8,607$7,633
6 years$8,627$8,131$7,664$7,225$6,811$5,879
7 years$7,320$6,829$6,369$5,940$5,539$4,651
8 years$6,340$5,853$5,402$4,983$4,595$3,749
9 years$5,579$5,096$4,652$4,244$3,870$3,066
10 years$4,970$4,492$4,056$3,659$3,297$2,535
11 years$4,472$3,999$3,571$3,184$2,836$2,114
12 years$4,058$3,589$3,169$2,793$2,457$1,775
13 years$3,707$3,244$2,831$2,466$2,143$1,498
14 years$3,407$2,949$2,544$2,189$1,878$1,271
15 years$3,147$2,694$2,297$1,952$1,654$1,082
16 years$2,920$2,471$2,082$1,748$1,462$924
17 years$2,719$2,276$1,895$1,570$1,296$791
18 years$2,542$2,103$1,730$1,415$1,152$679
19 years$2,383$1,949$1,584$1,279$1,027$583
20 years$2,240$1,811$1,453$1,158$917$502
21 years$2,111$1,687$1,337$1,051$821$433
22 years$1,993$1,575$1,232$956$736$374
23 years$1,887$1,473$1,138$870$661$323
24 years$1,789$1,380$1,052$794$594$279
25 years$1,699$1,295$974$725$534$242
26 years$1,616$1,217$904$663$481$209
27 years$1,540$1,145$839$607$434$181
28 years$1,469$1,079$780$556$392$157
29 years$1,403$1,018$726$510$354$136
30 years$1,341$962$676$468$319$118
31 years$1,284$909$630$430$289$103
32 years$1,230$860$588$395$261$89
33 years$1,180$815$549$363$236$77
34 years$1,133$772$513$334$214$67
35 years$1,089$732$480$308$194$58
36 years$1,047$695$449$283$176$51
37 years$1,007$660$420$261$159$44
38 years$970$627$393$241$144$38
39 years$934$597$369$222$131$33
40 years$901$568$345$205$119$29
41 years$869$540$324$189$108$25
42 years$839$515$304$174$98$22
43 years$810$490$285$161$89$19
44 years$783$467$268$148$81$17
45 years$757$446$251$137$73$14
46 years$732$425$236$127$66$12
47 years$708$406$222$117$60$11
48 years$686$387$208$108$55$9
49 years$664$370$196$100$50$8
50 years$643$353$184$92$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $659,000, adding $6,788 every year, while hoping to spend $26,332 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: 52/38/10 Blend
39$659,000$659,000$659,000$659,000
40$733,220$698,293$688,078$769,105
41$779,991$704,492$683,112$800,492
42$830,651$710,113$677,097$831,207
43$885,567$715,098$669,969$863,995
44$945,146$719,389$661,664$899,059
45$1,009,833$722,922$652,113$936,621
46$1,080,120$725,628$641,242$976,928
47$1,156,545$727,437$628,976$1,020,253
48$1,239,702$728,271$615,237$1,066,898
49$1,330,245$728,050$599,940$1,117,196
50$1,428,892$726,686$583,001$1,171,515
51$1,536,435$724,089$564,327$1,230,264
52$1,653,743$720,162$543,824$1,293,892
53$1,781,776$714,800$521,392$1,362,897
54$1,921,587$707,896$496,929$1,437,830
55$2,074,338$699,332$470,326$1,519,299
56$2,241,308$688,986$441,469$1,607,975
57$2,423,903$676,729$410,240$1,704,601
58$2,623,673$662,420$376,515$1,809,997
59$2,842,325$645,916$340,165$1,925,070
60$3,081,737$627,060$301,055$2,050,820
61$3,343,978$605,690$259,044$2,188,353
62$3,631,326$581,632$213,985$2,338,891
63$3,946,291$554,701$165,723$2,503,783
64$4,291,637$524,706$114,099$2,684,519
65$4,670,407$491,439$58,944$2,882,743
66$5,085,953$454,685$84$3,100,273
67$5,541,969$414,213$0$3,339,114
68$6,042,522$369,781$0$3,608,175
69$6,592,093$321,134$0$3,903,651
70$7,195,616$268,000$0$4,228,254
71$7,858,530$210,092$0$4,584,985
72$8,586,822$147,109$0$4,977,157
73$9,387,093$78,732$0$5,408,422
74$10,266,610$4,624$0$5,882,812
75$11,233,382$0$0$6,404,774
76$12,296,232$0$0$7,010,814
77$13,464,879$0$0$7,679,380
78$14,750,032$0$0$8,414,673
79$16,163,491$0$0$9,223,455
80$17,718,255$0$0$10,113,172
81$19,428,646$0$0$11,092,032
82$21,310,446$0$0$12,169,075
83$23,381,042$0$0$13,354,266
84$25,659,592$0$0$14,658,580
85$28,167,206$0$0$16,094,113
86$30,927,141$0$0$17,674,191
87$33,965,027$0$0$19,413,500
88$37,309,101$0$0$21,328,219
89$40,990,480$0$0$23,436,178
90$45,043,448$0$0$25,757,021
91$49,505,786$0$0$28,312,396
92$54,419,121$0$0$31,126,157
93$59,829,324$0$0$34,224,588
94$65,786,940$0$0$37,636,650
95$72,347,667$0$0$41,394,259
96$79,572,877$0$0$45,532,582
97$87,530,200$0$0$50,090,372
98$96,294,158$0$0$55,110,330
99$105,946,869$0$0$60,639,513
100$116,578,825$0$0$66,729,772