Can I retire at age 40 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$54,750$54,262$53,786$53,322$52,869$51,361
2 years$27,104$26,599$26,110$25,636$25,176$23,669
3 years$17,890$17,383$16,895$16,425$15,972$14,513
4 years$13,284$12,778$12,295$11,833$11,392$9,992
5 years$10,521$10,018$9,542$9,089$8,660$7,322
6 years$8,679$8,181$7,711$7,269$6,852$5,579
7 years$7,365$6,870$6,408$5,976$5,573$4,363
8 years$6,379$5,889$5,434$5,013$4,623$3,477
9 years$5,613$5,127$4,681$4,270$3,893$2,809
10 years$5,000$4,520$4,081$3,681$3,317$2,294
11 years$4,499$4,023$3,593$3,203$2,853$1,888
12 years$4,082$3,611$3,188$2,810$2,472$1,565
13 years$3,729$3,264$2,849$2,481$2,156$1,303
14 years$3,427$2,966$2,559$2,202$1,890$1,090
15 years$3,166$2,710$2,311$1,964$1,664$915
16 years$2,937$2,486$2,095$1,758$1,471$771
17 years$2,736$2,290$1,906$1,580$1,304$650
18 years$2,557$2,116$1,740$1,424$1,159$550
19 years$2,397$1,961$1,593$1,287$1,033$466
20 years$2,253$1,822$1,462$1,165$923$395
21 years$2,123$1,697$1,345$1,057$826$335
22 years$2,006$1,584$1,240$962$740$285
23 years$1,898$1,482$1,144$876$665$242
24 years$1,800$1,388$1,058$799$597$206
25 years$1,709$1,303$980$729$538$176
26 years$1,626$1,225$909$667$484$150
27 years$1,549$1,152$844$610$437$128
28 years$1,478$1,086$785$559$394$109
29 years$1,411$1,024$730$513$356$93
30 years$1,350$968$680$471$321$79
31 years$1,292$915$634$432$291$68
32 years$1,238$865$592$397$263$58
33 years$1,187$820$553$365$238$49
34 years$1,140$777$516$336$215$42
35 years$1,095$737$483$309$195$36
36 years$1,053$699$452$285$177$31
37 years$1,013$664$423$263$160$26
38 years$976$631$396$242$145$22
39 years$940$600$371$223$132$19
40 years$906$571$348$206$119$16
41 years$874$544$326$190$108$14
42 years$844$518$306$175$98$12
43 years$815$493$287$162$89$10
44 years$788$470$269$149$81$9
45 years$762$448$253$138$74$7
46 years$737$428$237$127$67$6
47 years$713$408$223$118$61$5
48 years$690$390$210$109$55$5
49 years$668$372$197$101$50$4
50 years$647$355$185$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $663,000, adding $4,421 every year, while hoping to spend $32,505 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: 42/46/12 Blend
39$663,000$663,000$663,000$663,000
40$735,186$700,047$689,771$763,303
41$775,590$699,765$678,293$783,161
42$819,026$698,378$665,341$801,065
43$865,768$695,801$650,832$819,734
44$916,119$691,938$634,678$839,251
45$970,410$686,690$616,786$859,711
46$1,029,006$679,951$597,062$881,219
47$1,092,306$671,610$575,405$903,894
48$1,160,750$661,548$551,710$927,870
49$1,234,823$649,640$525,868$953,297
50$1,315,054$635,751$497,764$980,341
51$1,402,029$619,742$467,279$1,009,190
52$1,496,389$601,463$434,286$1,040,055
53$1,598,842$580,756$398,656$1,073,170
54$1,710,165$557,454$360,252$1,108,797
55$1,831,212$531,380$318,930$1,147,229
56$1,962,924$502,346$274,543$1,188,792
57$2,106,336$470,154$226,934$1,233,851
58$2,262,586$434,596$175,941$1,282,812
59$2,432,929$395,450$121,393$1,336,127
60$2,618,742$352,482$63,115$1,394,299
61$2,821,545$305,444$920$1,457,890
62$3,043,007$254,076$0$1,527,522
63$3,284,969$198,101$0$1,612,270
64$3,549,456$137,228$0$1,705,193
65$3,838,698$71,149$0$1,807,059
66$4,155,148$0$0$1,918,845
67$4,501,512$0$0$2,041,870
68$4,880,764$0$0$2,216,092
69$5,296,183$0$0$2,407,013
70$5,751,378$0$0$2,616,301
71$6,250,326$0$0$2,845,795
72$6,797,403$0$0$3,097,521
73$7,397,434$0$0$3,373,709
74$8,055,728$0$0$3,676,815
75$8,778,137$0$0$4,009,546
76$9,571,104$0$0$4,374,883
77$10,441,728$0$0$4,776,110
78$11,397,828$0$0$5,216,844
79$12,448,019$0$0$5,701,071
80$13,601,789$0$0$6,233,180
81$14,869,591$0$0$6,818,008
82$16,262,943$0$0$7,460,884
83$17,794,531$0$0$8,167,677
84$19,478,334$0$0$8,944,855
85$21,329,750$0$0$9,799,544
86$23,365,746$0$0$10,739,594
87$25,605,015$0$0$11,773,655
88$28,068,153$0$0$12,911,256
89$30,777,851$0$0$14,162,898
90$33,759,110$0$0$15,540,151
91$37,039,478$0$0$17,055,762
92$40,649,307$0$0$18,723,776
93$44,622,041$0$0$20,559,671
94$48,994,528$0$0$22,580,497
95$53,807,372$0$0$24,805,045
96$59,105,311$0$0$27,254,020
97$64,937,642$0$0$29,950,234
98$71,358,684$0$0$32,918,826
99$78,428,290$0$0$36,187,494
100$86,212,413$0$0$39,786,761