Can I retire at age 40 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$54,832$54,344$53,868$53,402$52,948$52,417
2 years$27,145$26,639$26,149$25,674$25,213$24,679
3 years$17,917$17,409$16,920$16,450$15,996$15,474
4 years$13,304$12,797$12,314$11,851$11,409$10,903
5 years$10,537$10,033$9,556$9,103$8,673$8,186
6 years$8,692$8,193$7,723$7,280$6,862$6,394
7 years$7,376$6,880$6,418$5,985$5,581$5,132
8 years$6,389$5,898$5,443$5,021$4,630$4,200
9 years$5,621$5,135$4,688$4,276$3,899$3,488
10 years$5,008$4,526$4,087$3,686$3,322$2,930
11 years$4,506$4,030$3,598$3,208$2,857$2,483
12 years$4,088$3,617$3,193$2,814$2,476$2,120
13 years$3,735$3,268$2,853$2,484$2,159$1,820
14 years$3,433$2,971$2,563$2,205$1,893$1,571
15 years$3,171$2,714$2,314$1,967$1,666$1,361
16 years$2,942$2,490$2,098$1,761$1,473$1,184
17 years$2,740$2,293$1,909$1,582$1,306$1,033
18 years$2,561$2,119$1,743$1,426$1,161$903
19 years$2,401$1,964$1,596$1,288$1,035$791
20 years$2,257$1,825$1,464$1,167$924$694
21 years$2,127$1,700$1,347$1,059$827$611
22 years$2,009$1,587$1,241$963$742$538
23 years$1,901$1,484$1,146$877$666$474
24 years$1,802$1,390$1,060$800$598$418
25 years$1,712$1,305$982$730$538$370
26 years$1,628$1,226$911$668$485$327
27 years$1,551$1,154$846$611$437$289
28 years$1,480$1,088$786$560$395$256
29 years$1,413$1,026$732$514$356$227
30 years$1,352$969$681$471$322$201
31 years$1,294$916$635$433$291$178
32 years$1,240$867$593$398$263$158
33 years$1,189$821$553$366$238$140
34 years$1,142$778$517$337$216$124
35 years$1,097$738$483$310$195$111
36 years$1,055$700$452$285$177$98
37 years$1,015$665$423$263$160$87
38 years$977$632$396$242$145$77
39 years$942$601$371$223$132$69
40 years$908$572$348$206$120$61
41 years$876$544$326$190$109$54
42 years$845$518$306$176$98$48
43 years$816$494$287$162$89$43
44 years$789$471$270$150$81$38
45 years$763$449$253$138$74$34
46 years$738$428$238$128$67$30
47 years$714$409$223$118$61$27
48 years$691$390$210$109$55$24
49 years$669$373$197$101$50$21
50 years$648$356$186$93$45$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $664,000, adding $6,659 every year, while hoping to spend $55,336 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: 53/38/9 Blend
39$664,000$664,000$664,000$664,000
40$738,597$703,405$693,113$775,726
41$755,057$678,995$657,455$777,269
42$771,341$651,534$618,748$772,373
43$787,373$620,814$576,831$765,738
44$803,067$586,616$531,537$757,208
45$818,326$548,706$482,690$746,619
46$833,042$506,840$430,107$733,794
47$847,093$460,756$373,597$718,538
48$860,344$410,180$312,960$700,646
49$872,642$354,822$247,987$679,893
50$883,818$294,375$178,460$656,037
51$893,681$228,513$104,153$628,818
52$902,022$156,895$24,827$597,955
53$908,605$79,160$0$563,142
54$913,168$0$0$529,796
55$915,421$0$0$496,856
56$915,042$0$0$495,444
57$911,670$0$0$492,246
58$904,908$0$0$487,029
59$894,314$0$0$479,535
60$879,398$0$0$469,475
61$859,617$0$0$456,531
62$834,371$0$0$440,352
63$802,992$0$0$420,545
64$764,743$0$0$396,679
65$718,808$0$0$368,276
66$664,283$0$0$334,806
67$600,170$0$0$295,685
68$525,363$0$0$250,266
69$438,642$0$0$197,833
70$338,655$0$0$137,596
71$223,910$0$0$68,682
72$92,759$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$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