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%13%
1 years$54,832$54,344$53,868$53,402$52,948$52,287
2 years$27,145$26,639$26,149$25,674$25,213$24,548
3 years$17,917$17,409$16,920$16,450$15,996$15,347
4 years$13,304$12,797$12,314$11,851$11,409$10,781
5 years$10,537$10,033$9,556$9,103$8,673$8,069
6 years$8,692$8,193$7,723$7,280$6,862$6,282
7 years$7,376$6,880$6,418$5,985$5,581$5,025
8 years$6,389$5,898$5,443$5,021$4,630$4,099
9 years$5,621$5,135$4,688$4,276$3,899$3,392
10 years$5,008$4,526$4,087$3,686$3,322$2,839
11 years$4,506$4,030$3,598$3,208$2,857$2,397
12 years$4,088$3,617$3,193$2,814$2,476$2,038
13 years$3,735$3,268$2,853$2,484$2,159$1,744
14 years$3,433$2,971$2,563$2,205$1,893$1,499
15 years$3,171$2,714$2,314$1,967$1,666$1,294
16 years$2,942$2,490$2,098$1,761$1,473$1,120
17 years$2,740$2,293$1,909$1,582$1,306$973
18 years$2,561$2,119$1,743$1,426$1,161$847
19 years$2,401$1,964$1,596$1,288$1,035$739
20 years$2,257$1,825$1,464$1,167$924$646
21 years$2,127$1,700$1,347$1,059$827$565
22 years$2,009$1,587$1,241$963$742$496
23 years$1,901$1,484$1,146$877$666$435
24 years$1,802$1,390$1,060$800$598$382
25 years$1,712$1,305$982$730$538$336
26 years$1,628$1,226$911$668$485$296
27 years$1,551$1,154$846$611$437$260
28 years$1,480$1,088$786$560$395$229
29 years$1,413$1,026$732$514$356$202
30 years$1,352$969$681$471$322$178
31 years$1,294$916$635$433$291$157
32 years$1,240$867$593$398$263$139
33 years$1,189$821$553$366$238$123
34 years$1,142$778$517$337$216$108
35 years$1,097$738$483$310$195$96
36 years$1,055$700$452$285$177$85
37 years$1,015$665$423$263$160$75
38 years$977$632$396$242$145$66
39 years$942$601$371$223$132$58
40 years$908$572$348$206$120$52
41 years$876$544$326$190$109$46
42 years$845$518$306$176$98$40
43 years$816$494$287$162$89$36
44 years$789$471$270$150$81$32
45 years$763$449$253$138$74$28
46 years$738$428$238$128$67$25
47 years$714$409$223$118$61$22
48 years$691$390$210$109$55$19
49 years$669$373$197$101$50$17
50 years$648$356$186$93$45$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $664,000, adding $4,843 every year, while hoping to spend $58,665 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: 72/13/15 Blend
39$664,000$664,000$664,000$664,000
40$736,724$701,532$691,240$786,949
41$749,450$673,487$651,977$792,855
42$761,509$642,103$609,433$791,715
43$772,769$607,153$563,435$788,924
44$783,086$568,398$513,805$784,309
45$792,298$525,586$460,354$777,676
46$800,223$478,450$402,887$768,816
47$806,660$426,709$341,198$757,499
48$811,386$370,064$275,075$743,474
49$814,151$308,201$204,293$726,466
50$814,678$240,786$128,620$706,174
51$812,659$167,469$47,813$682,267
52$807,753$87,878$0$654,386
53$799,582$1,621$0$628,285
54$787,724$0$0$605,948
55$771,714$0$0$592,405
56$751,036$0$0$575,371
57$725,117$0$0$554,160
58$693,326$0$0$528,268
59$654,961$0$0$497,139
60$609,246$0$0$460,158
61$555,324$0$0$416,641
62$492,245$0$0$365,837
63$418,962$0$0$306,912
64$334,313$0$0$238,945
65$237,018$0$0$160,919
66$125,660$0$0$71,708
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$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