Can I retire at age 40 with 661,000?

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 $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 $3,095 every year, while hoping to spend $21,131 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: 64/25/11 Blend
39$661,000$661,000$661,000$661,000
40$731,614$696,581$686,336$776,438
41$783,756$708,231$686,845$818,411
42$840,508$719,743$686,663$861,492
43$902,317$731,088$685,744$908,016
44$969,678$742,236$684,041$958,315
45$1,043,133$753,153$681,504$1,012,759
46$1,123,278$763,803$678,079$1,071,752
47$1,210,770$774,147$673,714$1,135,743
48$1,306,334$784,146$668,348$1,205,224
49$1,410,766$793,754$661,923$1,280,738
50$1,524,942$802,926$654,376$1,362,885
51$1,649,827$811,611$645,639$1,452,325
52$1,786,485$819,756$635,643$1,549,785
53$1,936,087$827,303$624,317$1,656,068
54$2,099,919$834,193$611,584$1,772,059
55$2,279,403$840,361$597,364$1,898,732
56$2,476,101$845,737$581,574$2,037,163
57$2,691,735$850,250$564,128$2,188,537
58$2,928,200$853,820$544,934$2,354,159
59$3,187,584$856,365$523,898$2,535,471
60$3,472,188$857,797$500,918$2,734,060
61$3,784,544$858,023$475,893$2,951,677
62$4,127,445$856,942$448,712$3,190,251
63$4,503,962$854,451$419,262$3,451,911
64$4,917,483$850,436$387,424$3,739,000
65$5,371,739$844,779$353,075$4,054,106
66$5,870,837$837,354$316,084$4,400,079
67$6,419,305$828,028$276,316$4,780,061
68$7,022,131$816,658$233,629$5,197,516
69$7,684,810$803,095$187,877$5,656,264
70$8,413,393$787,180$138,903$6,160,515
71$9,214,551$768,744$86,549$6,714,911
72$10,095,632$747,608$30,644$7,324,567
73$11,064,730$723,585$0$7,995,124
74$12,130,766$696,474$0$8,736,205
75$13,303,566$666,064$0$9,555,319
76$14,593,960$632,130$0$10,456,443
77$16,013,876$594,437$0$11,447,928
78$17,576,461$552,734$0$12,538,981
79$19,296,199$506,757$0$13,739,748
80$21,189,048$456,225$0$15,061,409
81$23,272,594$400,843$0$16,516,292
82$25,566,212$340,298$0$18,117,978
83$28,091,255$274,261$0$19,881,439
84$30,871,246$202,383$0$21,823,177
85$33,932,108$124,295$0$23,961,376
86$37,302,407$39,609$0$26,316,081
87$41,013,616$0$0$28,909,383
88$45,100,419$0$0$31,779,958
89$49,601,034$0$0$34,953,255
90$54,557,573$0$0$38,448,078
91$60,016,442$0$0$42,297,155
92$66,028,776$0$0$46,536,550
93$72,650,925$0$0$51,206,004
94$79,944,979$0$0$56,349,307
95$87,979,363$0$0$62,014,717
96$96,829,473$0$0$68,255,409
97$106,578,396$0$0$75,129,980
98$117,317,687$0$0$82,703,002
99$129,148,236$0$0$91,045,629
100$142,181,222$0$0$100,236,272