Can I retire at age 40 with 664,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$54,832$54,344$53,868$53,402$52,948$52,593
2 years$27,145$26,639$26,149$25,674$25,213$24,855
3 years$17,917$17,409$16,920$16,450$15,996$15,646
4 years$13,304$12,797$12,314$11,851$11,409$11,069
5 years$10,537$10,033$9,556$9,103$8,673$8,345
6 years$8,692$8,193$7,723$7,280$6,862$6,547
7 years$7,376$6,880$6,418$5,985$5,581$5,277
8 years$6,389$5,898$5,443$5,021$4,630$4,339
9 years$5,621$5,135$4,688$4,276$3,899$3,620
10 years$5,008$4,526$4,087$3,686$3,322$3,055
11 years$4,506$4,030$3,598$3,208$2,857$2,602
12 years$4,088$3,617$3,193$2,814$2,476$2,233
13 years$3,735$3,268$2,853$2,484$2,159$1,927
14 years$3,433$2,971$2,563$2,205$1,893$1,672
15 years$3,171$2,714$2,314$1,967$1,666$1,457
16 years$2,942$2,490$2,098$1,761$1,473$1,274
17 years$2,740$2,293$1,909$1,582$1,306$1,117
18 years$2,561$2,119$1,743$1,426$1,161$982
19 years$2,401$1,964$1,596$1,288$1,035$866
20 years$2,257$1,825$1,464$1,167$924$764
21 years$2,127$1,700$1,347$1,059$827$676
22 years$2,009$1,587$1,241$963$742$599
23 years$1,901$1,484$1,146$877$666$531
24 years$1,802$1,390$1,060$800$598$472
25 years$1,712$1,305$982$730$538$419
26 years$1,628$1,226$911$668$485$373
27 years$1,551$1,154$846$611$437$332
28 years$1,480$1,088$786$560$395$296
29 years$1,413$1,026$732$514$356$264
30 years$1,352$969$681$471$322$235
31 years$1,294$916$635$433$291$210
32 years$1,240$867$593$398$263$188
33 years$1,189$821$553$366$238$168
34 years$1,142$778$517$337$216$150
35 years$1,097$738$483$310$195$134
36 years$1,055$700$452$285$177$120
37 years$1,015$665$423$263$160$107
38 years$977$632$396$242$145$96
39 years$942$601$371$223$132$86
40 years$908$572$348$206$120$77
41 years$876$544$326$190$109$69
42 years$845$518$306$176$98$61
43 years$816$494$287$162$89$55
44 years$789$471$270$150$81$49
45 years$763$449$253$138$74$44
46 years$738$428$238$128$67$39
47 years$714$409$223$118$61$35
48 years$691$390$210$109$55$32
49 years$669$373$197$101$50$28
50 years$648$356$186$93$45$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $664,000, adding $5,580 every year, while hoping to spend $29,317 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: 74/15/11 Blend
39$664,000$664,000$664,000$664,000
40$737,484$702,292$692,000$790,081
41$781,514$705,511$683,989$828,779
42$829,053$707,905$674,727$866,955
43$880,427$709,404$664,141$907,970
44$935,996$709,930$652,155$952,095
45$996,155$709,403$638,689$999,633
46$1,061,337$707,739$623,660$1,050,914
47$1,132,021$704,845$606,980$1,106,303
48$1,208,730$700,626$588,557$1,166,202
49$1,292,044$694,980$568,297$1,231,056
50$1,382,596$687,797$546,098$1,301,355
51$1,481,085$678,964$521,857$1,377,637
52$1,588,280$668,358$495,464$1,460,500
53$1,705,028$655,850$466,805$1,550,598
54$1,832,258$641,304$435,760$1,648,657
55$1,970,994$624,574$402,204$1,755,474
56$2,122,366$605,508$366,008$1,871,930
57$2,287,612$583,943$327,034$1,998,997
58$2,468,100$559,708$285,141$2,137,744
59$2,665,332$532,620$240,180$2,289,354
60$2,880,966$502,488$191,995$2,455,128
61$3,116,822$469,107$140,425$2,636,502
62$3,374,909$432,265$85,300$2,835,061
63$3,657,436$391,732$26,444$3,052,550
64$3,966,837$347,269$0$3,290,896
65$4,305,791$298,623$0$3,556,491
66$4,677,251$245,524$0$3,850,998
67$5,084,466$187,690$0$4,173,915
68$5,531,016$124,821$0$4,528,115
69$6,020,844$56,602$0$4,916,764
70$6,558,293$0$0$5,343,351
71$7,148,146$0$0$5,814,576
72$7,795,673$0$0$6,342,162
73$8,506,678$0$0$6,921,498
74$9,287,555$0$0$7,557,798
75$10,145,347$0$0$8,256,806
76$11,087,813$0$0$9,024,847
77$12,123,501$0$0$9,868,893
78$13,261,828$0$0$10,796,623
79$14,513,170$0$0$11,816,496
80$15,888,955$0$0$12,937,832
81$17,401,776$0$0$14,170,900
82$19,065,508$0$0$15,527,013
83$20,895,437$0$0$17,018,636
84$22,908,403$0$0$18,659,503
85$25,122,963$0$0$20,464,745
86$27,559,563$0$0$22,451,033
87$30,240,728$0$0$24,636,738
88$33,191,280$0$0$27,042,099
89$36,438,568$0$0$29,689,418
90$40,012,724$0$0$32,603,268
91$43,946,954$0$0$35,810,725
92$48,277,842$0$0$39,341,622
93$53,045,702$0$0$43,228,835
94$58,294,955$0$0$47,508,586
95$64,074,547$0$0$52,220,790
96$70,438,413$0$0$57,409,428
97$77,445,983$0$0$63,122,963
98$85,162,746$0$0$69,414,799
99$93,660,863$0$0$76,343,781
100$103,019,850$0$0$83,974,753