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%19%
1 years$54,585$54,099$53,624$53,161$52,709$50,799
2 years$27,022$26,519$26,031$25,558$25,100$23,196
3 years$17,836$17,330$16,844$16,375$15,924$14,087
4 years$13,244$12,740$12,258$11,798$11,357$9,600
5 years$10,489$9,988$9,513$9,062$8,634$6,962
6 years$8,653$8,156$7,688$7,247$6,831$5,246
7 years$7,342$6,849$6,389$5,958$5,556$4,057
8 years$6,360$5,871$5,418$4,998$4,609$3,194
9 years$5,596$5,112$4,666$4,257$3,882$2,550
10 years$4,985$4,506$4,068$3,670$3,307$2,056
11 years$4,486$4,011$3,582$3,194$2,844$1,671
12 years$4,070$3,600$3,179$2,801$2,465$1,366
13 years$3,718$3,254$2,840$2,473$2,149$1,123
14 years$3,417$2,958$2,552$2,195$1,884$926
15 years$3,156$2,702$2,304$1,958$1,659$767
16 years$2,928$2,479$2,089$1,753$1,466$636
17 years$2,728$2,283$1,901$1,575$1,300$529
18 years$2,549$2,109$1,735$1,420$1,156$441
19 years$2,390$1,955$1,588$1,283$1,030$368
20 years$2,247$1,817$1,458$1,162$920$307
21 years$2,117$1,692$1,341$1,054$824$257
22 years$2,000$1,580$1,236$959$738$215
23 years$1,892$1,477$1,141$873$663$180
24 years$1,794$1,384$1,055$796$596$151
25 years$1,704$1,299$977$727$536$126
26 years$1,621$1,221$906$665$483$106
27 years$1,544$1,149$842$609$435$89
28 years$1,473$1,083$783$558$393$75
29 years$1,407$1,021$728$511$355$63
30 years$1,346$965$678$469$320$53
31 years$1,288$912$632$431$290$44
32 years$1,234$863$590$396$262$37
33 years$1,184$817$551$364$237$31
34 years$1,136$774$515$335$215$26
35 years$1,092$735$481$309$194$22
36 years$1,050$697$450$284$176$18
37 years$1,010$662$421$262$160$15
38 years$973$629$395$241$145$13
39 years$937$598$370$222$131$11
40 years$904$569$346$205$119$9
41 years$872$542$325$189$108$8
42 years$842$516$305$175$98$6
43 years$813$492$286$161$89$5
44 years$785$469$268$149$81$5
45 years$759$447$252$138$73$4
46 years$734$426$237$127$67$3
47 years$711$407$222$117$60$3
48 years$688$388$209$108$55$2
49 years$666$371$196$100$50$2
50 years$645$354$185$93$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $661,000, adding $3,448 every year, while hoping to spend $38,297 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: 72/16/12 Blend
39$661,000$661,000$661,000$661,000
40$731,979$696,946$686,700$782,618
41$765,893$690,348$668,957$809,998
42$801,983$682,144$649,336$834,932
43$840,429$672,214$627,733$861,204
44$881,432$660,431$604,041$888,938
45$925,209$646,663$578,147$918,270
46$971,997$630,767$549,932$949,351
47$1,022,060$612,593$519,273$982,347
48$1,075,682$591,982$486,041$1,017,445
49$1,133,179$568,767$450,101$1,054,848
50$1,194,896$542,769$411,312$1,094,782
51$1,261,211$513,800$369,527$1,137,500
52$1,332,540$481,662$324,592$1,183,277
53$1,409,339$446,143$276,345$1,232,422
54$1,492,109$407,022$224,621$1,285,273
55$1,581,401$364,063$169,242$1,342,207
56$1,677,820$317,018$110,027$1,403,638
57$1,782,029$265,623$46,785$1,470,026
58$1,894,759$209,602$0$1,541,881
59$2,016,813$148,661$0$1,622,414
60$2,149,074$82,491$0$1,716,162
61$2,292,511$10,764$0$1,817,843
62$2,448,192$0$0$1,928,245
63$2,617,290$0$0$2,060,011
64$2,801,098$0$0$2,205,326
65$3,001,034$0$0$2,363,422
66$3,218,662$0$0$2,535,539
67$3,455,700$0$0$2,723,039
68$3,714,042$0$0$2,927,424
69$3,995,769$0$0$3,150,345
70$4,303,174$0$0$3,393,621
71$4,638,779$0$0$3,659,251
72$5,005,361$0$0$3,949,440
73$5,405,977$0$0$4,266,611
74$5,843,993$0$0$4,613,435
75$6,323,115$0$0$4,992,852
76$6,847,423$0$0$5,408,098
77$7,421,410$0$0$5,862,737
78$8,050,023$0$0$6,360,694
79$8,738,712$0$0$6,906,292
80$9,493,475$0$0$7,504,290
81$10,320,922$0$0$8,159,931
82$11,228,331$0$0$8,878,988
83$12,223,717$0$0$9,667,822
84$13,315,911$0$0$10,533,437
85$14,514,638$0$0$11,483,549
86$15,830,612$0$0$12,526,657
87$17,275,632$0$0$13,672,123
88$18,862,698$0$0$14,930,261
89$20,606,131$0$0$16,312,432
90$22,521,707$0$0$17,831,151
91$24,626,804$0$0$19,500,208
92$26,940,570$0$0$21,334,792
93$29,484,098$0$0$23,351,640
94$32,280,626$0$0$25,569,187
95$35,355,759$0$0$28,007,748
96$38,737,704$0$0$30,689,704
97$42,457,541$0$0$33,639,711
98$46,549,512$0$0$36,884,939
99$51,051,345$0$0$40,455,320
100$56,004,609$0$0$44,383,836