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%13.7%
1 years$54,502$54,017$53,543$53,081$52,629$51,821
2 years$26,981$26,479$25,992$25,520$25,062$24,250
3 years$17,809$17,304$16,818$16,351$15,900$15,109
4 years$13,224$12,720$12,239$11,780$11,340$10,577
5 years$10,473$9,973$9,498$9,048$8,621$7,887
6 years$8,640$8,144$7,676$7,236$6,821$6,117
7 years$7,331$6,839$6,379$5,949$5,547$4,874
8 years$6,350$5,862$5,410$4,990$4,602$3,959
9 years$5,587$5,104$4,659$4,251$3,876$3,263
10 years$4,977$4,499$4,062$3,664$3,302$2,719
11 years$4,479$4,005$3,576$3,189$2,840$2,286
12 years$4,064$3,595$3,174$2,797$2,461$1,936
13 years$3,713$3,249$2,836$2,469$2,146$1,648
14 years$3,412$2,953$2,548$2,192$1,881$1,410
15 years$3,152$2,698$2,300$1,955$1,656$1,211
16 years$2,924$2,475$2,086$1,750$1,464$1,044
17 years$2,723$2,279$1,898$1,573$1,298$902
18 years$2,545$2,106$1,732$1,417$1,154$781
19 years$2,386$1,952$1,586$1,281$1,029$678
20 years$2,243$1,814$1,456$1,160$919$590
21 years$2,114$1,690$1,339$1,053$822$514
22 years$1,996$1,577$1,234$957$737$448
23 years$1,889$1,475$1,139$872$662$391
24 years$1,792$1,382$1,054$795$595$341
25 years$1,702$1,297$976$726$535$299
26 years$1,619$1,219$905$664$482$261
27 years$1,542$1,147$840$608$435$229
28 years$1,471$1,081$781$557$392$200
29 years$1,405$1,020$727$511$354$176
30 years$1,343$963$677$469$320$154
31 years$1,286$910$631$430$289$135
32 years$1,232$861$589$395$262$119
33 years$1,182$816$550$364$237$104
34 years$1,135$773$514$335$214$91
35 years$1,090$733$480$308$194$80
36 years$1,048$696$449$284$176$70
37 years$1,009$661$421$261$159$62
38 years$971$628$394$241$145$54
39 years$936$597$369$222$131$48
40 years$902$568$346$205$119$42
41 years$871$541$324$189$108$37
42 years$840$515$304$174$98$32
43 years$812$491$286$161$89$29
44 years$784$468$268$149$81$25
45 years$758$446$252$137$73$22
46 years$733$426$236$127$66$19
47 years$710$406$222$117$60$17
48 years$687$388$209$108$55$15
49 years$665$370$196$100$50$13
50 years$644$354$184$93$45$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $660,000, adding $5,194 every year, while hoping to spend $37,682 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: 53/41/6 Blend
39$660,000$660,000$660,000$660,000
40$732,678$697,698$687,468$770,222
41$767,317$691,791$670,404$790,317
42$804,227$684,333$651,507$807,591
43$843,600$675,206$630,673$825,469
44$885,644$664,289$607,798$844,014
45$930,591$651,450$582,770$863,297
46$978,692$636,552$555,474$883,401
47$1,030,226$619,450$525,789$904,415
48$1,085,494$599,988$493,589$926,444
49$1,144,831$578,004$458,740$949,603
50$1,208,601$553,324$421,106$974,024
51$1,277,206$525,765$380,541$999,852
52$1,351,087$495,133$336,895$1,027,254
53$1,430,728$461,224$290,010$1,056,412
54$1,516,659$423,821$239,722$1,087,536
55$1,609,465$382,695$185,860$1,120,856
56$1,709,788$337,605$128,244$1,156,634
57$1,818,333$288,293$66,686$1,195,158
58$1,935,874$234,492$992$1,236,754
59$2,063,266$175,914$0$1,281,785
60$2,201,444$112,259$0$1,335,079
61$2,351,440$43,208$0$1,393,020
62$2,514,386$0$0$1,456,061
63$2,691,531$0$0$1,539,023
64$2,884,247$0$0$1,650,540
65$3,094,041$0$0$1,772,001
66$3,322,577$0$0$1,904,374
67$3,571,680$0$0$2,048,725
68$3,843,364$0$0$2,206,228
69$4,139,841$0$0$2,378,175
70$4,463,550$0$0$2,565,988
71$4,817,172$0$0$2,771,233
72$5,203,662$0$0$2,995,634
73$5,626,270$0$0$3,241,089
74$6,088,577$0$0$3,509,687
75$6,594,525$0$0$3,803,729
76$7,148,454$0$0$4,125,749
77$7,755,145$0$0$4,478,537
78$8,419,861$0$0$4,865,167
79$9,148,399$0$0$5,289,022
80$9,947,144$0$0$5,753,830
81$10,823,127$0$0$6,263,696
82$11,784,095$0$0$6,823,142
83$12,838,576$0$0$7,437,149
84$13,995,969$0$0$8,111,204
85$15,266,623$0$0$8,851,349
86$16,661,941$0$0$9,664,242
87$18,194,481$0$0$10,557,216
88$19,878,082$0$0$11,538,352
89$21,727,983$0$0$12,616,549
90$23,760,979$0$0$13,801,613
91$25,995,567$0$0$15,104,345
92$28,452,129$0$0$16,536,648
93$31,153,119$0$0$18,111,633
94$34,123,273$0$0$19,843,747
95$37,389,848$0$0$21,748,904
96$40,982,873$0$0$23,844,643
97$44,935,434$0$0$26,150,283
98$49,283,983$0$0$28,687,113
99$54,068,685$0$0$31,478,589
100$59,333,797$0$0$34,550,556