Can I retire at age 40 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$54,667$54,180$53,705$53,242$52,789$51,660
2 years$27,063$26,559$26,071$25,597$25,138$24,005
3 years$17,863$17,357$16,869$16,400$15,948$14,849
4 years$13,264$12,759$12,277$11,815$11,374$10,316
5 years$10,505$10,003$9,527$9,075$8,647$7,632
6 years$8,666$8,168$7,699$7,258$6,842$5,872
7 years$7,353$6,860$6,398$5,967$5,564$4,639
8 years$6,369$5,880$5,426$5,005$4,616$3,736
9 years$5,604$5,120$4,674$4,264$3,887$3,051
10 years$4,993$4,513$4,075$3,675$3,312$2,520
11 years$4,492$4,017$3,587$3,199$2,849$2,098
12 years$4,076$3,606$3,183$2,806$2,469$1,759
13 years$3,724$3,259$2,844$2,477$2,153$1,483
14 years$3,422$2,962$2,556$2,199$1,887$1,256
15 years$3,161$2,706$2,307$1,961$1,661$1,068
16 years$2,933$2,483$2,092$1,756$1,468$911
17 years$2,732$2,286$1,904$1,578$1,302$779
18 years$2,553$2,113$1,738$1,422$1,158$667
19 years$2,393$1,958$1,591$1,285$1,032$573
20 years$2,250$1,819$1,460$1,163$922$492
21 years$2,120$1,695$1,343$1,056$825$424
22 years$2,003$1,582$1,238$960$739$365
23 years$1,895$1,480$1,143$874$664$315
24 years$1,797$1,386$1,057$797$597$272
25 years$1,707$1,301$979$728$537$235
26 years$1,624$1,223$908$666$483$203
27 years$1,547$1,151$843$610$436$176
28 years$1,475$1,084$784$558$393$152
29 years$1,409$1,023$729$512$355$132
30 years$1,348$966$679$470$321$114
31 years$1,290$913$633$432$290$99
32 years$1,236$864$591$397$262$86
33 years$1,186$818$552$365$238$74
34 years$1,138$776$515$336$215$64
35 years$1,093$736$482$309$195$56
36 years$1,051$698$451$285$176$48
37 years$1,012$663$422$262$160$42
38 years$974$630$395$242$145$36
39 years$939$599$370$223$131$32
40 years$905$570$347$206$119$27
41 years$873$543$325$190$108$24
42 years$843$517$305$175$98$21
43 years$814$492$286$162$89$18
44 years$787$469$269$149$81$16
45 years$760$448$252$138$73$14
46 years$735$427$237$127$67$12
47 years$712$408$223$118$61$10
48 years$689$389$209$109$55$9
49 years$667$372$197$100$50$8
50 years$646$355$185$93$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $662,000, adding $4,144 every year, while hoping to spend $23,662 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: 57/26/17 Blend
39$662,000$662,000$662,000$662,000
40$733,799$698,713$688,452$772,125
41$783,470$707,773$686,338$807,681
42$837,414$716,485$683,362$843,479
43$896,043$724,805$679,467$881,954
44$959,809$732,690$674,598$923,368
45$1,029,208$740,090$668,696$968,008
46$1,104,788$746,955$661,698$1,016,194
47$1,187,151$753,231$653,539$1,068,279
48$1,276,960$758,859$644,152$1,124,650
49$1,374,944$763,777$633,465$1,185,737
50$1,481,906$767,920$621,404$1,252,013
51$1,598,730$771,217$607,891$1,324,000
52$1,726,388$773,595$592,843$1,402,275
53$1,865,952$774,973$576,176$1,487,473
54$2,018,601$775,269$557,799$1,580,298
55$2,185,633$774,392$537,620$1,681,524
56$2,368,478$772,248$515,541$1,792,007
57$2,568,711$768,736$491,460$1,912,689
58$2,788,065$763,749$465,269$2,044,612
59$3,028,449$757,174$436,857$2,188,925
60$3,291,967$748,892$406,108$2,346,895
61$3,580,933$738,773$372,899$2,519,922
62$3,897,900$726,685$337,102$2,709,548
63$4,245,676$712,483$298,586$2,917,476
64$4,627,357$696,016$257,210$3,145,584
65$5,046,350$677,124$212,829$3,395,944
66$5,506,411$655,636$165,292$3,670,842
67$6,011,677$631,374$114,441$3,972,800
68$6,566,703$604,147$60,110$4,304,599
69$7,176,510$573,753$2,127$4,669,306
70$7,846,627$539,980$0$5,070,307
71$8,583,147$502,603$0$5,522,170
72$9,392,781$461,383$0$6,019,292
73$10,282,923$416,070$0$6,565,862
74$11,261,721$366,397$0$7,166,924
75$12,338,149$312,083$0$7,828,039
76$13,522,096$252,831$0$8,555,337
77$14,824,457$188,327$0$9,355,577
78$16,257,238$118,241$0$10,236,209
79$17,833,663$42,222$0$11,205,443
80$19,568,307$0$0$12,272,335
81$21,477,226$0$0$13,458,335
82$23,578,113$0$0$14,776,967
83$25,890,462$0$0$16,228,394
84$28,435,753$0$0$17,826,108
85$31,237,655$0$0$19,584,975
86$34,322,246$0$0$21,521,376
87$37,718,264$0$0$23,653,360
88$41,457,372$0$0$26,000,816
89$45,574,463$0$0$28,585,658
90$50,107,983$0$0$31,432,037
91$55,100,297$0$0$34,566,561
92$60,598,088$0$0$38,018,553
93$66,652,797$0$0$41,820,323
94$73,321,108$0$0$46,007,477
95$80,665,483$0$0$50,619,247
96$88,754,751$0$0$55,698,865
97$97,664,758$0$0$61,293,974
98$107,479,083$0$0$67,457,069
99$118,289,823$0$0$74,245,999
100$130,198,466$0$0$81,724,513