Can I retire at age 40 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$54,502$54,017$53,543$53,081$52,629$52,408
2 years$26,981$26,479$25,992$25,520$25,062$24,838
3 years$17,809$17,304$16,818$16,351$15,900$15,681
4 years$13,224$12,720$12,239$11,780$11,340$11,128
5 years$10,473$9,973$9,498$9,048$8,621$8,415
6 years$8,640$8,144$7,676$7,236$6,821$6,623
7 years$7,331$6,839$6,379$5,949$5,547$5,357
8 years$6,350$5,862$5,410$4,990$4,602$4,419
9 years$5,587$5,104$4,659$4,251$3,876$3,700
10 years$4,977$4,499$4,062$3,664$3,302$3,134
11 years$4,479$4,005$3,576$3,189$2,840$2,679
12 years$4,064$3,595$3,174$2,797$2,461$2,307
13 years$3,713$3,249$2,836$2,469$2,146$1,999
14 years$3,412$2,953$2,548$2,192$1,881$1,741
15 years$3,152$2,698$2,300$1,955$1,656$1,523
16 years$2,924$2,475$2,086$1,750$1,464$1,337
17 years$2,723$2,279$1,898$1,573$1,298$1,178
18 years$2,545$2,106$1,732$1,417$1,154$1,040
19 years$2,386$1,952$1,586$1,281$1,029$920
20 years$2,243$1,814$1,456$1,160$919$816
21 years$2,114$1,690$1,339$1,053$822$725
22 years$1,996$1,577$1,234$957$737$645
23 years$1,889$1,475$1,139$872$662$575
24 years$1,792$1,382$1,054$795$595$513
25 years$1,702$1,297$976$726$535$458
26 years$1,619$1,219$905$664$482$409
27 years$1,542$1,147$840$608$435$366
28 years$1,471$1,081$781$557$392$328
29 years$1,405$1,020$727$511$354$294
30 years$1,343$963$677$469$320$263
31 years$1,286$910$631$430$289$236
32 years$1,232$861$589$395$262$212
33 years$1,182$816$550$364$237$190
34 years$1,135$773$514$335$214$171
35 years$1,090$733$480$308$194$153
36 years$1,048$696$449$284$176$138
37 years$1,009$661$421$261$159$124
38 years$971$628$394$241$145$111
39 years$936$597$369$222$131$100
40 years$902$568$346$205$119$90
41 years$871$541$324$189$108$81
42 years$840$515$304$174$98$73
43 years$812$491$286$161$89$66
44 years$784$468$268$149$81$59
45 years$758$446$252$137$73$53
46 years$733$426$236$127$66$48
47 years$710$406$222$117$60$43
48 years$687$388$209$108$55$39
49 years$665$370$196$100$50$35
50 years$644$354$184$93$45$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $660,000, adding $3,500 every year, while hoping to spend $20,117 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: 68/27/5 Blend
39$660,000$660,000$660,000$660,000
40$730,930$695,950$685,720$779,974
41$784,081$708,647$687,288$825,588
42$841,978$721,293$688,233$872,662
43$905,086$733,862$688,515$923,585
44$973,914$746,330$688,089$978,731
45$1,049,021$758,668$686,908$1,038,510
46$1,131,027$770,849$684,925$1,103,373
47$1,220,610$782,838$682,088$1,173,819
48$1,318,518$794,603$678,344$1,250,394
49$1,425,575$806,107$673,636$1,333,704
50$1,542,687$817,310$667,907$1,424,413
51$1,670,854$828,171$661,095$1,523,255
52$1,811,174$838,644$653,135$1,631,039
53$1,964,859$848,683$643,960$1,748,653
54$2,133,241$858,235$633,499$1,877,079
55$2,317,790$867,246$621,679$2,017,399
56$2,520,121$875,658$608,422$2,170,803
57$2,742,017$883,409$593,647$2,338,605
58$2,985,438$890,431$577,270$2,522,251
59$3,252,546$896,656$559,202$2,723,337
60$3,545,721$902,007$539,351$2,943,619
61$3,867,584$906,405$517,619$3,185,036
62$4,221,024$909,765$493,905$3,449,721
63$4,609,221$911,996$468,103$3,740,028
64$5,035,680$913,003$440,104$4,058,550
65$5,504,263$912,683$409,790$4,408,146
66$6,019,221$910,928$377,042$4,791,966
67$6,585,241$907,623$341,732$5,213,481
68$7,207,485$902,646$303,730$5,676,520
69$7,891,640$895,868$262,896$6,185,300
70$8,643,973$887,150$219,088$6,744,470
71$9,471,386$876,348$172,156$7,359,155
72$10,381,485$863,308$121,941$8,035,003
73$11,382,651$847,864$68,280$8,778,238
74$12,484,117$829,845$11,004$9,595,723
75$13,696,057$809,067$0$10,495,019
76$15,029,678$785,335$0$11,487,136
77$16,497,333$758,444$0$12,579,386
78$18,112,630$728,177$0$13,781,319
79$19,890,562$694,302$0$15,104,105
80$21,847,653$656,576$0$16,560,057
81$24,002,107$614,741$0$18,162,744
82$26,373,984$568,526$0$19,927,120
83$28,985,387$517,641$0$21,869,668
84$31,860,674$461,782$0$24,008,552
85$35,026,681$400,628$0$26,363,794
86$38,512,982$333,838$0$28,957,458
87$42,352,164$261,054$0$31,813,861
88$46,580,133$181,895$0$34,959,803
89$51,236,460$95,960$0$38,424,823
90$56,364,744$2,827$0$42,241,474
91$62,013,031$0$0$46,445,631
92$68,234,264$0$0$51,105,938
93$75,086,785$0$0$56,240,121
94$82,634,880$0$0$61,895,513
95$90,949,392$0$0$68,125,202
96$100,108,385$0$0$74,987,683
97$110,197,884$0$0$82,547,419
98$121,312,682$0$0$90,875,445
99$133,557,241$0$0$100,050,037
100$147,046,670$0$0$110,157,455