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%11.1%
1 years$54,832$54,344$53,868$53,402$52,948$52,703
2 years$27,145$26,639$26,149$25,674$25,213$24,966
3 years$17,917$17,409$16,920$16,450$15,996$15,754
4 years$13,304$12,797$12,314$11,851$11,409$11,174
5 years$10,537$10,033$9,556$9,103$8,673$8,446
6 years$8,692$8,193$7,723$7,280$6,862$6,644
7 years$7,376$6,880$6,418$5,985$5,581$5,371
8 years$6,389$5,898$5,443$5,021$4,630$4,428
9 years$5,621$5,135$4,688$4,276$3,899$3,705
10 years$5,008$4,526$4,087$3,686$3,322$3,137
11 years$4,506$4,030$3,598$3,208$2,857$2,680
12 years$4,088$3,617$3,193$2,814$2,476$2,306
13 years$3,735$3,268$2,853$2,484$2,159$1,997
14 years$3,433$2,971$2,563$2,205$1,893$1,738
15 years$3,171$2,714$2,314$1,967$1,666$1,520
16 years$2,942$2,490$2,098$1,761$1,473$1,333
17 years$2,740$2,293$1,909$1,582$1,306$1,173
18 years$2,561$2,119$1,743$1,426$1,161$1,035
19 years$2,401$1,964$1,596$1,288$1,035$916
20 years$2,257$1,825$1,464$1,167$924$812
21 years$2,127$1,700$1,347$1,059$827$720
22 years$2,009$1,587$1,241$963$742$641
23 years$1,901$1,484$1,146$877$666$570
24 years$1,802$1,390$1,060$800$598$508
25 years$1,712$1,305$982$730$538$454
26 years$1,628$1,226$911$668$485$405
27 years$1,551$1,154$846$611$437$362
28 years$1,480$1,088$786$560$395$324
29 years$1,413$1,026$732$514$356$290
30 years$1,352$969$681$471$322$260
31 years$1,294$916$635$433$291$233
32 years$1,240$867$593$398$263$209
33 years$1,189$821$553$366$238$187
34 years$1,142$778$517$337$216$168
35 years$1,097$738$483$310$195$151
36 years$1,055$700$452$285$177$135
37 years$1,015$665$423$263$160$122
38 years$977$632$396$242$145$109
39 years$942$601$371$223$132$98
40 years$908$572$348$206$120$88
41 years$876$544$326$190$109$79
42 years$845$518$306$176$98$71
43 years$816$494$287$162$89$64
44 years$789$471$270$150$81$58
45 years$763$449$253$138$74$52
46 years$738$428$238$128$67$47
47 years$714$409$223$118$61$42
48 years$691$390$210$109$55$38
49 years$669$373$197$101$50$34
50 years$648$356$186$93$45$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $664,000, adding $2,495 every year, while hoping to spend $50,318 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: 58/17/25 Blend
39$664,000$664,000$664,000$664,000
40$734,302$699,110$688,818$771,786
41$755,662$679,828$658,355$778,387
42$777,516$657,915$625,186$780,005
43$799,858$633,189$589,165$780,701
44$822,685$605,457$550,144$780,400
45$845,990$574,515$507,965$779,020
46$869,763$540,148$462,463$776,474
47$893,991$502,127$413,468$772,670
48$918,659$460,213$360,800$767,508
49$943,747$414,149$304,272$760,882
50$969,234$363,666$243,689$752,681
51$995,090$308,480$178,848$742,781
52$1,021,284$248,291$109,534$731,056
53$1,047,778$182,780$35,527$717,365
54$1,074,528$111,613$0$701,562
55$1,101,482$34,434$0$695,080
56$1,128,582$0$0$697,024
57$1,155,761$0$0$706,985
58$1,182,942$0$0$723,359
59$1,210,038$0$0$739,646
60$1,236,951$0$0$755,785
61$1,263,569$0$0$771,701
62$1,289,766$0$0$787,313
63$1,315,400$0$0$802,530
64$1,340,313$0$0$817,250
65$1,364,325$0$0$831,355
66$1,387,236$0$0$844,718
67$1,408,822$0$0$857,194
68$1,428,833$0$0$868,621
69$1,446,989$0$0$878,820
70$1,462,978$0$0$887,589
71$1,476,452$0$0$894,705
72$1,487,024$0$0$899,919
73$1,494,264$0$0$902,955
74$1,497,692$0$0$903,505
75$1,496,778$0$0$901,227
76$1,490,929$0$0$895,742
77$1,479,490$0$0$886,628
78$1,461,733$0$0$873,421
79$1,436,853$0$0$855,601
80$1,403,954$0$0$832,596
81$1,362,047$0$0$803,771
82$1,310,034$0$0$768,422
83$1,246,701$0$0$725,772
84$1,170,705$0$0$674,959
85$1,080,557$0$0$615,031
86$974,613$0$0$544,934
87$851,053$0$0$463,502
88$707,867$0$0$369,449
89$542,831$0$0$261,351
90$353,488$0$0$137,634
91$137,124$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