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%12%
1 years$54,585$54,099$53,624$53,161$52,709$52,267
2 years$27,022$26,519$26,031$25,558$25,100$24,654
3 years$17,836$17,330$16,844$16,375$15,924$15,489
4 years$13,244$12,740$12,258$11,798$11,357$10,936
5 years$10,489$9,988$9,513$9,062$8,634$8,227
6 years$8,653$8,156$7,688$7,247$6,831$6,441
7 years$7,342$6,849$6,389$5,958$5,556$5,181
8 years$6,360$5,871$5,418$4,998$4,609$4,249
9 years$5,596$5,112$4,666$4,257$3,882$3,537
10 years$4,985$4,506$4,068$3,670$3,307$2,978
11 years$4,486$4,011$3,582$3,194$2,844$2,531
12 years$4,070$3,600$3,179$2,801$2,465$2,166
13 years$3,718$3,254$2,840$2,473$2,149$1,865
14 years$3,417$2,958$2,552$2,195$1,884$1,614
15 years$3,156$2,702$2,304$1,958$1,659$1,402
16 years$2,928$2,479$2,089$1,753$1,466$1,223
17 years$2,728$2,283$1,901$1,575$1,300$1,069
18 years$2,549$2,109$1,735$1,420$1,156$938
19 years$2,390$1,955$1,588$1,283$1,030$824
20 years$2,247$1,817$1,458$1,162$920$725
21 years$2,117$1,692$1,341$1,054$824$640
22 years$2,000$1,580$1,236$959$738$565
23 years$1,892$1,477$1,141$873$663$500
24 years$1,794$1,384$1,055$796$596$442
25 years$1,704$1,299$977$727$536$392
26 years$1,621$1,221$906$665$483$348
27 years$1,544$1,149$842$609$435$309
28 years$1,473$1,083$783$558$393$274
29 years$1,407$1,021$728$511$355$244
30 years$1,346$965$678$469$320$217
31 years$1,288$912$632$431$290$193
32 years$1,234$863$590$396$262$171
33 years$1,184$817$551$364$237$153
34 years$1,136$774$515$335$215$136
35 years$1,092$735$481$309$194$121
36 years$1,050$697$450$284$176$108
37 years$1,010$662$421$262$160$96
38 years$973$629$395$241$145$86
39 years$937$598$370$222$131$76
40 years$904$569$346$205$119$68
41 years$872$542$325$189$108$61
42 years$842$516$305$175$98$54
43 years$813$492$286$161$89$48
44 years$785$469$268$149$81$43
45 years$759$447$252$138$73$38
46 years$734$426$237$127$67$34
47 years$711$407$222$117$60$31
48 years$688$388$209$108$55$27
49 years$666$371$196$100$50$24
50 years$645$354$185$93$45$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $661,000, adding $3,609 every year, while hoping to spend $53,413 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: 43/46/11 Blend
39$661,000$661,000$661,000$661,000
40$732,145$697,112$686,866$761,144
41$749,992$674,439$653,045$759,060
42$767,870$648,865$616,301$751,139
43$785,725$620,192$576,479$741,366
44$803,497$588,209$533,419$729,593
45$821,116$552,694$486,951$715,659
46$838,506$513,412$436,900$699,397
47$855,580$470,115$383,082$680,623
48$872,238$422,540$325,305$659,142
49$888,372$370,410$263,368$634,747
50$903,857$313,431$197,061$607,213
51$918,554$251,293$126,167$576,300
52$932,310$183,669$50,457$541,751
53$944,951$110,214$0$503,290
54$956,283$30,563$0$464,184
55$966,093$0$0$427,104
56$974,140$0$0$413,993
57$980,156$0$0$415,344
58$983,846$0$0$415,546
59$984,880$0$0$414,440
60$982,890$0$0$411,851
61$977,471$0$0$407,585
62$968,170$0$0$401,426
63$954,486$0$0$393,135
64$935,865$0$0$382,448
65$911,691$0$0$369,071
66$881,284$0$0$352,679
67$843,887$0$0$332,913
68$798,667$0$0$309,376
69$744,698$0$0$281,626
70$680,958$0$0$249,178
71$606,316$0$0$211,492
72$519,522$0$0$167,976
73$419,192$0$0$117,970
74$303,800$0$0$60,749
75$171,655$0$0$0
76$20,893$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0