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%16.8%
1 years$54,998$54,508$54,030$53,563$53,108$51,636
2 years$27,227$26,719$26,228$25,752$25,289$23,817
3 years$17,971$17,461$16,971$16,499$16,045$14,618
4 years$13,344$12,836$12,351$11,887$11,443$10,074
5 years$10,568$10,064$9,585$9,130$8,699$7,390
6 years$8,719$8,218$7,746$7,302$6,883$5,637
7 years$7,398$6,901$6,437$6,003$5,598$4,413
8 years$6,408$5,916$5,459$5,036$4,644$3,521
9 years$5,638$5,151$4,702$4,289$3,911$2,848
10 years$5,023$4,540$4,099$3,697$3,332$2,329
11 years$4,520$4,042$3,609$3,218$2,866$1,920
12 years$4,101$3,628$3,203$2,823$2,483$1,593
13 years$3,746$3,278$2,861$2,492$2,166$1,329
14 years$3,443$2,980$2,571$2,212$1,898$1,113
15 years$3,180$2,722$2,321$1,973$1,672$936
16 years$2,951$2,498$2,105$1,766$1,477$789
17 years$2,748$2,300$1,915$1,587$1,310$667
18 years$2,569$2,125$1,748$1,430$1,165$565
19 years$2,408$1,970$1,600$1,292$1,038$479
20 years$2,264$1,830$1,469$1,170$927$407
21 years$2,133$1,705$1,351$1,062$830$346
22 years$2,015$1,592$1,245$966$744$294
23 years$1,907$1,489$1,150$880$668$251
24 years$1,808$1,395$1,063$802$600$214
25 years$1,717$1,309$985$733$540$182
26 years$1,633$1,230$913$670$486$156
27 years$1,556$1,158$848$613$439$133
28 years$1,484$1,091$788$562$396$114
29 years$1,418$1,029$734$515$357$97
30 years$1,356$972$683$473$323$83
31 years$1,298$919$637$434$292$71
32 years$1,244$869$594$399$264$61
33 years$1,193$823$555$367$239$52
34 years$1,145$780$519$338$216$44
35 years$1,100$740$485$311$196$38
36 years$1,058$702$454$286$178$33
37 years$1,018$667$425$264$161$28
38 years$980$634$398$243$146$24
39 years$944$603$372$224$132$20
40 years$911$574$349$207$120$17
41 years$878$546$327$191$109$15
42 years$848$520$307$176$99$13
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 $5,612 every year, while hoping to spend $46,179 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: 65/7/28 Blend
39$666,000$666,000$666,000$666,000
40$739,721$704,423$694,100$781,988
41$766,038$689,805$668,218$796,622
42$793,492$672,924$639,922$806,981
43$822,150$653,619$609,081$817,293
44$852,084$631,721$575,560$827,557
45$883,373$607,052$539,217$837,775
46$916,102$579,422$499,905$847,952
47$950,361$548,630$457,469$858,094
48$986,250$514,465$411,747$868,209
49$1,023,877$476,704$362,570$878,310
50$1,063,359$435,108$309,762$888,411
51$1,104,821$389,429$253,139$898,533
52$1,148,402$339,400$192,508$908,698
53$1,194,252$284,743$127,670$918,936
54$1,242,532$225,162$58,413$929,280
55$1,293,421$160,346$0$939,773
56$1,347,111$89,964$0$955,091
57$1,403,814$13,669$0$989,586
58$1,463,757$0$0$1,025,925
59$1,527,193$0$0$1,069,568
60$1,594,394$0$0$1,116,937
61$1,665,660$0$0$1,167,193
62$1,741,317$0$0$1,220,569
63$1,821,722$0$0$1,277,322
64$1,907,267$0$0$1,337,728
65$1,998,379$0$0$1,402,096
66$2,095,526$0$0$1,470,758
67$2,199,221$0$0$1,544,081
68$2,310,027$0$0$1,622,468
69$2,428,559$0$0$1,706,358
70$2,555,494$0$0$1,796,235
71$2,691,571$0$0$1,892,628
72$2,837,603$0$0$1,996,117
73$2,994,483$0$0$2,107,342
74$3,163,189$0$0$2,227,002
75$3,344,796$0$0$2,355,865
76$3,540,484$0$0$2,494,776
77$3,751,550$0$0$2,644,662
78$3,979,417$0$0$2,806,543
79$4,225,651$0$0$2,981,537
80$4,491,972$0$0$3,170,875
81$4,780,269$0$0$3,375,911
82$5,092,621$0$0$3,598,130
83$5,431,313$0$0$3,839,170
84$5,798,858$0$0$4,100,827
85$6,198,020$0$0$4,385,080
86$6,631,838$0$0$4,694,105
87$7,103,656$0$0$5,030,295
88$7,617,154$0$0$5,396,285
89$8,176,379$0$0$5,794,972
90$8,785,788$0$0$6,229,546
91$9,450,282$0$0$6,703,516
92$10,175,257$0$0$7,220,745
93$10,966,652$0$0$7,785,486
94$11,831,006$0$0$8,402,420
95$12,775,515$0$0$9,076,700
96$13,808,102$0$0$9,813,999
97$14,937,493$0$0$10,620,564
98$16,173,292$0$0$11,503,273
99$17,526,076$0$0$12,469,700
100$19,007,491$0$0$13,528,185