Can I retire at age 40 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$54,585$54,099$53,624$53,161$52,709$51,289
2 years$27,022$26,519$26,031$25,558$25,100$23,679
3 years$17,836$17,330$16,844$16,375$15,924$14,548
4 years$13,244$12,740$12,258$11,798$11,357$10,035
5 years$10,489$9,988$9,513$9,062$8,634$7,370
6 years$8,653$8,156$7,688$7,247$6,831$5,627
7 years$7,342$6,849$6,389$5,958$5,556$4,411
8 years$6,360$5,871$5,418$4,998$4,609$3,523
9 years$5,596$5,112$4,666$4,257$3,882$2,854
10 years$4,985$4,506$4,068$3,670$3,307$2,336
11 years$4,486$4,011$3,582$3,194$2,844$1,928
12 years$4,070$3,600$3,179$2,801$2,465$1,602
13 years$3,718$3,254$2,840$2,473$2,149$1,338
14 years$3,417$2,958$2,552$2,195$1,884$1,122
15 years$3,156$2,702$2,304$1,958$1,659$945
16 years$2,928$2,479$2,089$1,753$1,466$798
17 years$2,728$2,283$1,901$1,575$1,300$675
18 years$2,549$2,109$1,735$1,420$1,156$573
19 years$2,390$1,955$1,588$1,283$1,030$486
20 years$2,247$1,817$1,458$1,162$920$414
21 years$2,117$1,692$1,341$1,054$824$352
22 years$2,000$1,580$1,236$959$738$300
23 years$1,892$1,477$1,141$873$663$256
24 years$1,794$1,384$1,055$796$596$219
25 years$1,704$1,299$977$727$536$187
26 years$1,621$1,221$906$665$483$160
27 years$1,544$1,149$842$609$435$137
28 years$1,473$1,083$783$558$393$117
29 years$1,407$1,021$728$511$355$100
30 years$1,346$965$678$469$320$86
31 years$1,288$912$632$431$290$73
32 years$1,234$863$590$396$262$63
33 years$1,184$817$551$364$237$54
34 years$1,136$774$515$335$215$46
35 years$1,092$735$481$309$194$40
36 years$1,050$697$450$284$176$34
37 years$1,010$662$421$262$160$29
38 years$973$629$395$241$145$25
39 years$937$598$370$222$131$21
40 years$904$569$346$205$119$18
41 years$872$542$325$189$108$16
42 years$842$516$305$175$98$13
43 years$813$492$286$161$89$12
44 years$785$469$268$149$81$10
45 years$759$447$252$138$73$8
46 years$734$426$237$127$67$7
47 years$711$407$222$117$60$6
48 years$688$388$209$108$55$5
49 years$666$371$196$100$50$5
50 years$645$354$185$93$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $661,000, adding $5,383 every year, while hoping to spend $32,253 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: 55/38/7 Blend
39$661,000$661,000$661,000$661,000
40$733,975$698,942$688,696$772,870
41$774,523$698,873$677,450$799,678
42$818,126$697,720$664,747$824,810
43$865,062$695,395$650,503$851,387
44$915,636$691,806$634,632$879,549
45$970,181$686,855$617,043$909,455
46$1,029,066$680,438$597,640$941,278
47$1,092,695$672,444$576,326$975,212
48$1,161,513$662,756$552,995$1,011,473
49$1,236,006$651,250$527,539$1,050,299
50$1,316,713$637,795$499,846$1,091,955
51$1,404,222$622,252$469,796$1,136,735
52$1,499,184$604,473$437,265$1,184,964
53$1,602,311$584,303$402,123$1,237,004
54$1,714,388$561,575$364,236$1,293,255
55$1,836,280$536,117$323,462$1,354,160
56$1,968,936$507,742$279,654$1,420,211
57$2,113,402$476,255$232,656$1,491,953
58$2,270,827$441,450$182,309$1,569,989
59$2,442,479$403,109$128,443$1,654,988
60$2,629,750$360,999$70,884$1,747,688
61$2,834,173$314,877$9,448$1,848,910
62$3,057,438$264,486$0$1,959,560
63$3,301,403$209,551$0$2,084,832
64$3,568,114$149,787$0$2,222,672
65$3,859,822$84,887$0$2,373,617
66$4,179,010$14,533$0$2,539,043
67$4,528,408$0$0$2,720,469
68$4,911,023$0$0$2,945,341
69$5,330,167$0$0$3,198,401
70$5,789,488$0$0$3,475,781
71$6,293,002$0$0$3,779,914
72$6,845,134$0$0$4,113,482
73$7,450,757$0$0$4,479,436
74$8,115,236$0$0$4,881,028
75$8,844,484$0$0$5,321,840
76$9,645,012$0$0$5,805,818
77$10,523,994$0$0$6,337,308
78$11,489,331$0$0$6,921,098
79$12,549,726$0$0$7,562,462
80$13,714,768$0$0$8,267,211
81$14,995,022$0$0$9,041,745
82$16,402,124$0$0$9,893,118
83$17,948,895$0$0$10,829,097
84$19,649,460$0$0$11,858,243
85$21,519,380$0$0$12,989,986
86$23,575,802$0$0$14,234,716
87$25,837,613$0$0$15,603,881
88$28,325,628$0$0$17,110,093
89$31,062,776$0$0$18,767,250
90$34,074,323$0$0$20,590,662
91$37,388,107$0$0$22,597,200
92$41,034,800$0$0$24,805,453
93$45,048,199$0$0$27,235,904
94$49,465,542$0$0$29,911,119
95$54,327,861$0$0$32,855,967
96$59,680,366$0$0$36,097,848
97$65,572,875$0$0$39,666,953
98$72,060,281$0$0$43,596,552
99$79,203,070$0$0$47,923,302
100$87,067,892$0$0$52,687,597