Can I retire at age 40 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$54,998$54,508$54,030$53,563$53,108$51,615
2 years$27,227$26,719$26,228$25,752$25,289$23,797
3 years$17,971$17,461$16,971$16,499$16,045$14,599
4 years$13,344$12,836$12,351$11,887$11,443$10,055
5 years$10,568$10,064$9,585$9,130$8,699$7,373
6 years$8,719$8,218$7,746$7,302$6,883$5,620
7 years$7,398$6,901$6,437$6,003$5,598$4,398
8 years$6,408$5,916$5,459$5,036$4,644$3,507
9 years$5,638$5,151$4,702$4,289$3,911$2,835
10 years$5,023$4,540$4,099$3,697$3,332$2,316
11 years$4,520$4,042$3,609$3,218$2,866$1,908
12 years$4,101$3,628$3,203$2,823$2,483$1,582
13 years$3,746$3,278$2,861$2,492$2,166$1,319
14 years$3,443$2,980$2,571$2,212$1,898$1,104
15 years$3,180$2,722$2,321$1,973$1,672$928
16 years$2,951$2,498$2,105$1,766$1,477$781
17 years$2,748$2,300$1,915$1,587$1,310$660
18 years$2,569$2,125$1,748$1,430$1,165$558
19 years$2,408$1,970$1,600$1,292$1,038$473
20 years$2,264$1,830$1,469$1,170$927$402
21 years$2,133$1,705$1,351$1,062$830$341
22 years$2,015$1,592$1,245$966$744$290
23 years$1,907$1,489$1,150$880$668$247
24 years$1,808$1,395$1,063$802$600$211
25 years$1,717$1,309$985$733$540$180
26 years$1,633$1,230$913$670$486$153
27 years$1,556$1,158$848$613$439$131
28 years$1,484$1,091$788$562$396$112
29 years$1,418$1,029$734$515$357$95
30 years$1,356$972$683$473$323$81
31 years$1,298$919$637$434$292$69
32 years$1,244$869$594$399$264$59
33 years$1,193$823$555$367$239$51
34 years$1,145$780$519$338$216$43
35 years$1,100$740$485$311$196$37
36 years$1,058$702$454$286$178$32
37 years$1,018$667$425$264$161$27
38 years$980$634$398$243$146$23
39 years$944$603$372$224$132$20
40 years$911$574$349$207$120$17
41 years$878$546$327$191$109$14
42 years$848$520$307$176$99$12
43 years$819$495$288$163$90$11
44 years$791$472$270$150$81$9
45 years$765$450$254$139$74$8
46 years$740$430$239$128$67$7
47 years$716$410$224$118$61$6
48 years$693$391$211$109$55$5
49 years$671$374$198$101$50$4
50 years$650$357$186$93$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $666,000, adding $2,895 every year, while hoping to spend $35,339 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: 48/26/26 Blend
39$666,000$666,000$666,000$666,000
40$736,918$701,620$691,297$766,708
41$774,483$698,399$676,855$784,677
42$814,696$693,836$660,745$800,458
43$857,788$687,827$642,873$816,897
44$904,016$680,264$623,143$834,074
45$953,659$671,030$601,452$852,077
46$1,007,025$660,003$577,693$871,008
47$1,064,451$647,053$551,755$890,980
48$1,126,307$632,041$523,521$912,119
49$1,193,002$614,822$492,870$934,569
50$1,264,981$595,242$459,675$958,490
51$1,342,737$573,136$423,801$984,061
52$1,426,808$548,332$385,111$1,011,484
53$1,517,789$520,647$343,459$1,040,983
54$1,616,331$489,886$298,692$1,072,810
55$1,723,152$455,846$250,654$1,107,246
56$1,839,041$418,310$199,178$1,144,606
57$1,964,864$377,048$144,091$1,185,238
58$2,101,576$331,819$85,214$1,229,533
59$2,250,225$282,367$22,357$1,277,926
60$2,411,967$228,422$0$1,330,902
61$2,588,072$169,698$0$1,401,406
62$2,779,937$105,895$0$1,485,056
63$2,989,100$36,694$0$1,576,371
64$3,217,255$0$0$1,676,153
65$3,466,264$0$0$1,796,232
66$3,738,179$0$0$1,938,890
67$4,035,258$0$0$2,094,821
68$4,359,986$0$0$2,265,340
69$4,715,100$0$0$2,451,892
70$5,103,613$0$0$2,656,070
71$5,528,842$0$0$2,879,628
72$5,994,442$0$0$3,124,497
73$6,504,436$0$0$3,392,804
74$7,063,253$0$0$3,686,891
75$7,675,774$0$0$4,009,337
76$8,347,372$0$0$4,362,984
77$9,083,966$0$0$4,750,961
78$9,892,075$0$0$5,176,715
79$10,778,880$0$0$5,644,041
80$11,752,290$0$0$6,157,124
81$12,821,018$0$0$6,720,568
82$13,994,661$0$0$7,339,449
83$15,283,792$0$0$8,019,358
84$16,700,056$0$0$8,766,453
85$18,256,285$0$0$9,587,519
86$19,966,614$0$0$10,490,030
87$21,846,613$0$0$11,482,222
88$23,913,440$0$0$12,573,168
89$26,185,996$0$0$13,772,862
90$28,685,103$0$0$15,092,317
91$31,433,706$0$0$16,543,668
92$34,457,082$0$0$18,140,283
93$37,783,082$0$0$19,896,891
94$41,442,393$0$0$21,829,721
95$45,468,824$0$0$23,956,655
96$49,899,630$0$0$26,297,396
97$54,775,857$0$0$28,873,654
98$60,142,732$0$0$31,709,348
99$66,050,091$0$0$34,830,836
100$72,552,844$0$0$38,267,161