Can I retire at age 40 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$54,420$53,935$53,462$53,000$52,550$50,625
2 years$26,940$26,439$25,952$25,481$25,024$23,106
3 years$17,782$17,278$16,793$16,326$15,876$14,025
4 years$13,203$12,701$12,221$11,762$11,323$9,554
5 years$10,457$9,958$9,484$9,034$8,607$6,924
6 years$8,627$8,131$7,664$7,225$6,811$5,215
7 years$7,320$6,829$6,369$5,940$5,539$4,030
8 years$6,340$5,853$5,402$4,983$4,595$3,172
9 years$5,579$5,096$4,652$4,244$3,870$2,530
10 years$4,970$4,492$4,056$3,659$3,297$2,039
11 years$4,472$3,999$3,571$3,184$2,836$1,656
12 years$4,058$3,589$3,169$2,793$2,457$1,353
13 years$3,707$3,244$2,831$2,466$2,143$1,111
14 years$3,407$2,949$2,544$2,189$1,878$916
15 years$3,147$2,694$2,297$1,952$1,654$758
16 years$2,920$2,471$2,082$1,748$1,462$628
17 years$2,719$2,276$1,895$1,570$1,296$522
18 years$2,542$2,103$1,730$1,415$1,152$435
19 years$2,383$1,949$1,584$1,279$1,027$362
20 years$2,240$1,811$1,453$1,158$917$302
21 years$2,111$1,687$1,337$1,051$821$253
22 years$1,993$1,575$1,232$956$736$211
23 years$1,887$1,473$1,138$870$661$177
24 years$1,789$1,380$1,052$794$594$148
25 years$1,699$1,295$974$725$534$124
26 years$1,616$1,217$904$663$481$104
27 years$1,540$1,145$839$607$434$87
28 years$1,469$1,079$780$556$392$73
29 years$1,403$1,018$726$510$354$61
30 years$1,341$962$676$468$319$51
31 years$1,284$909$630$430$289$43
32 years$1,230$860$588$395$261$36
33 years$1,180$815$549$363$236$30
34 years$1,133$772$513$334$214$25
35 years$1,089$732$480$308$194$21
36 years$1,047$695$449$283$176$18
37 years$1,007$660$420$261$159$15
38 years$970$627$393$241$144$13
39 years$934$597$369$222$131$11
40 years$901$568$345$205$119$9
41 years$869$540$324$189$108$7
42 years$839$515$304$174$98$6
43 years$810$490$285$161$89$5
44 years$783$467$268$148$81$4
45 years$757$446$251$137$73$4
46 years$732$425$236$127$66$3
47 years$708$406$222$117$60$3
48 years$686$387$208$108$55$2
49 years$664$370$196$100$50$2
50 years$643$353$184$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $659,000, adding $5,535 every year, while hoping to spend $39,574 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: 55/18/27 Blend
39$659,000$659,000$659,000$659,000
40$731,927$697,000$686,786$766,451
41$764,478$689,047$667,687$782,885
42$799,021$679,377$646,621$796,216
43$835,721$667,866$623,482$809,930
44$874,752$654,379$598,157$824,078
45$916,309$638,776$570,527$838,717
46$960,603$620,907$540,471$853,914
47$1,007,866$600,613$507,858$869,742
48$1,058,353$577,727$472,556$886,288
49$1,112,341$552,072$434,422$903,647
50$1,170,136$523,460$393,312$921,928
51$1,232,073$491,692$349,071$941,254
52$1,298,519$456,560$301,539$961,764
53$1,369,877$417,840$250,549$983,612
54$1,446,589$375,298$195,927$1,006,975
55$1,529,140$328,687$137,490$1,032,048
56$1,618,064$277,745$75,048$1,059,053
57$1,713,946$222,194$8,402$1,088,238
58$1,817,430$161,743$0$1,119,878
59$1,929,222$96,083$0$1,172,353
60$2,050,099$24,887$0$1,231,698
61$2,180,914$0$0$1,295,941
62$2,322,606$0$0$1,375,920
63$2,476,207$0$0$1,468,015
64$2,642,851$0$0$1,567,985
65$2,823,786$0$0$1,676,583
66$3,020,384$0$0$1,794,641
67$3,234,155$0$0$1,923,074
68$3,466,760$0$0$2,062,885
69$3,720,027$0$0$2,215,183
70$3,995,966$0$0$2,381,185
71$4,296,790$0$0$2,562,230
72$4,624,936$0$0$2,759,795
73$4,983,083$0$0$2,975,501
74$5,374,183$0$0$3,211,137
75$5,801,484$0$0$3,468,671
76$6,268,563$0$0$3,750,267
77$6,779,356$0$0$4,058,312
78$7,338,200$0$0$4,395,432
79$7,949,867$0$0$4,764,517
80$8,619,614$0$0$5,168,753
81$9,353,229$0$0$5,611,646
82$10,157,087$0$0$6,097,058
83$11,038,209$0$0$6,629,242
84$12,004,325$0$0$7,212,883
85$13,063,952$0$0$7,853,141
86$14,226,469$0$0$8,555,697
87$15,502,208$0$0$9,326,813
88$16,902,548$0$0$10,173,384
89$18,440,025$0$0$11,103,004
90$20,128,447$0$0$12,124,042
91$21,983,026$0$0$13,245,714
92$24,020,519$0$0$14,478,175
93$26,259,385$0$0$15,832,611
94$28,719,963$0$0$17,321,346
95$31,424,655$0$0$18,957,957
96$34,398,147$0$0$20,757,402
97$37,667,633$0$0$22,736,161
98$41,263,074$0$0$24,912,391
99$45,217,480$0$0$27,306,096
100$49,567,221$0$0$29,939,317