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%19.5%
1 years$54,667$54,180$53,705$53,242$52,789$50,775
2 years$27,063$26,559$26,071$25,597$25,138$23,132
3 years$17,863$17,357$16,869$16,400$15,948$14,014
4 years$13,264$12,759$12,277$11,815$11,374$9,527
5 years$10,505$10,003$9,527$9,075$8,647$6,891
6 years$8,666$8,168$7,699$7,258$6,842$5,178
7 years$7,353$6,860$6,398$5,967$5,564$3,992
8 years$6,369$5,880$5,426$5,005$4,616$3,135
9 years$5,604$5,120$4,674$4,264$3,887$2,494
10 years$4,993$4,513$4,075$3,675$3,312$2,005
11 years$4,492$4,017$3,587$3,199$2,849$1,624
12 years$4,076$3,606$3,183$2,806$2,469$1,324
13 years$3,724$3,259$2,844$2,477$2,153$1,084
14 years$3,422$2,962$2,556$2,199$1,887$891
15 years$3,161$2,706$2,307$1,961$1,661$735
16 years$2,933$2,483$2,092$1,756$1,468$608
17 years$2,732$2,286$1,904$1,578$1,302$503
18 years$2,553$2,113$1,738$1,422$1,158$418
19 years$2,393$1,958$1,591$1,285$1,032$347
20 years$2,250$1,819$1,460$1,163$922$289
21 years$2,120$1,695$1,343$1,056$825$241
22 years$2,003$1,582$1,238$960$739$201
23 years$1,895$1,480$1,143$874$664$167
24 years$1,797$1,386$1,057$797$597$140
25 years$1,707$1,301$979$728$537$117
26 years$1,624$1,223$908$666$483$97
27 years$1,547$1,151$843$610$436$81
28 years$1,475$1,084$784$558$393$68
29 years$1,409$1,023$729$512$355$57
30 years$1,348$966$679$470$321$48
31 years$1,290$913$633$432$290$40
32 years$1,236$864$591$397$262$33
33 years$1,186$818$552$365$238$28
34 years$1,138$776$515$336$215$23
35 years$1,093$736$482$309$195$19
36 years$1,051$698$451$285$176$16
37 years$1,012$663$422$262$160$14
38 years$974$630$395$242$145$11
39 years$939$599$370$223$131$10
40 years$905$570$347$206$119$8
41 years$873$543$325$190$108$7
42 years$843$517$305$175$98$6
43 years$814$492$286$162$89$5
44 years$787$469$269$149$81$4
45 years$760$448$252$138$73$3
46 years$735$427$237$127$67$3
47 years$712$408$223$118$61$2
48 years$689$389$209$109$55$2
49 years$667$372$197$100$50$2
50 years$646$355$185$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $662,000, adding $6,212 every year, while hoping to spend $31,136 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: 59/31/10 Blend
39$662,000$662,000$662,000$662,000
40$735,932$700,846$690,585$777,264
41$777,868$702,059$680,591$807,004
42$823,039$702,288$669,219$835,354
43$871,740$701,451$656,389$865,506
44$924,299$699,464$642,019$897,634
45$981,074$696,233$626,023$931,934
46$1,042,458$691,663$608,309$968,621
47$1,108,884$685,651$588,784$1,007,933
48$1,180,829$678,087$567,347$1,050,134
49$1,258,816$668,855$543,895$1,095,516
50$1,343,421$657,834$518,321$1,144,402
51$1,435,275$644,893$490,510$1,197,150
52$1,535,076$629,896$460,345$1,254,156
53$1,643,588$612,695$427,701$1,315,857
54$1,761,655$593,138$392,449$1,382,738
55$1,890,202$571,061$354,455$1,455,334
56$2,030,251$546,290$313,577$1,534,238
57$2,182,923$518,645$269,668$1,620,104
58$2,349,453$487,931$222,575$1,713,659
59$2,531,201$453,943$172,135$1,815,702
60$2,729,664$416,467$118,182$1,927,119
61$2,946,489$375,273$60,540$2,048,890
62$3,183,490$330,120$0$2,182,095
63$3,442,663$280,754$0$2,328,035
64$3,726,208$226,903$0$2,494,827
65$4,036,544$168,285$0$2,677,487
66$4,376,338$104,597$0$2,877,649
67$4,748,525$35,523$0$3,097,120
68$5,156,337$0$0$3,337,891
69$5,603,336$0$0$3,615,559
70$6,093,441$0$0$3,933,346
71$6,630,973$0$0$4,281,941
72$7,220,686$0$0$4,664,435
73$7,867,821$0$0$5,084,235
74$8,578,148$0$0$5,545,090
75$9,358,025$0$0$6,051,135
76$10,214,454$0$0$6,606,920
77$11,155,148$0$0$7,217,459
78$12,188,606$0$0$7,888,278
79$13,324,190$0$0$8,625,462
80$14,572,211$0$0$9,435,714
81$15,944,033$0$0$10,326,422
82$17,452,173$0$0$11,305,722
83$19,110,421$0$0$12,382,580
84$20,933,972$0$0$13,566,873
85$22,939,565$0$0$14,869,484
86$25,145,643$0$0$16,302,403
87$27,572,528$0$0$17,878,842
88$30,242,610$0$0$19,613,355
89$33,180,557$0$0$21,521,981
90$36,413,550$0$0$23,622,391
91$39,971,538$0$0$25,934,055
92$43,887,522$0$0$28,478,428
93$48,197,860$0$0$31,279,149
94$52,942,618$0$0$34,362,264
95$58,165,942$0$0$37,756,476
96$63,916,475$0$0$41,493,409
97$70,247,816$0$0$45,607,910
98$77,219,028$0$0$50,138,380
99$84,895,191$0$0$55,127,129
100$93,348,017$0$0$60,620,781