Can I retire at age 40 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$54,585$54,099$53,624$53,161$52,709$51,561
2 years$27,022$26,519$26,031$25,558$25,100$23,948
3 years$17,836$17,330$16,844$16,375$15,924$14,806
4 years$13,244$12,740$12,258$11,798$11,357$10,281
5 years$10,489$9,988$9,513$9,062$8,634$7,602
6 years$8,653$8,156$7,688$7,247$6,831$5,846
7 years$7,342$6,849$6,389$5,958$5,556$4,616
8 years$6,360$5,871$5,418$4,998$4,609$3,715
9 years$5,596$5,112$4,666$4,257$3,882$3,033
10 years$4,985$4,506$4,068$3,670$3,307$2,503
11 years$4,486$4,011$3,582$3,194$2,844$2,083
12 years$4,070$3,600$3,179$2,801$2,465$1,745
13 years$3,718$3,254$2,840$2,473$2,149$1,470
14 years$3,417$2,958$2,552$2,195$1,884$1,245
15 years$3,156$2,702$2,304$1,958$1,659$1,057
16 years$2,928$2,479$2,089$1,753$1,466$901
17 years$2,728$2,283$1,901$1,575$1,300$770
18 years$2,549$2,109$1,735$1,420$1,156$659
19 years$2,390$1,955$1,588$1,283$1,030$565
20 years$2,247$1,817$1,458$1,162$920$486
21 years$2,117$1,692$1,341$1,054$824$418
22 years$2,000$1,580$1,236$959$738$360
23 years$1,892$1,477$1,141$873$663$310
24 years$1,794$1,384$1,055$796$596$268
25 years$1,704$1,299$977$727$536$231
26 years$1,621$1,221$906$665$483$200
27 years$1,544$1,149$842$609$435$173
28 years$1,473$1,083$783$558$393$149
29 years$1,407$1,021$728$511$355$129
30 years$1,346$965$678$469$320$112
31 years$1,288$912$632$431$290$97
32 years$1,234$863$590$396$262$84
33 years$1,184$817$551$364$237$73
34 years$1,136$774$515$335$215$63
35 years$1,092$735$481$309$194$54
36 years$1,050$697$450$284$176$47
37 years$1,010$662$421$262$160$41
38 years$973$629$395$241$145$35
39 years$937$598$370$222$131$31
40 years$904$569$346$205$119$27
41 years$872$542$325$189$108$23
42 years$842$516$305$175$98$20
43 years$813$492$286$161$89$17
44 years$785$469$268$149$81$15
45 years$759$447$252$138$73$13
46 years$734$426$237$127$67$11
47 years$711$407$222$117$60$10
48 years$688$388$209$108$55$9
49 years$666$371$196$100$50$7
50 years$645$354$185$93$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $661,000, adding $5,015 every year, while hoping to spend $21,095 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: 57/20/23 Blend
39$661,000$661,000$661,000$661,000
40$733,595$698,562$688,316$770,584
41$785,977$710,347$688,930$808,194
42$842,994$722,002$688,857$846,491
43$905,099$733,499$688,053$887,777
44$972,785$744,806$686,469$932,346
45$1,046,600$755,893$684,056$980,523
46$1,127,143$766,721$680,763$1,032,665
47$1,215,076$777,255$676,533$1,089,167
48$1,311,127$787,454$671,309$1,150,462
49$1,416,097$797,274$665,033$1,217,033
50$1,530,867$806,668$657,640$1,289,407
51$1,656,409$815,589$649,064$1,368,168
52$1,793,792$823,982$639,238$1,453,962
53$1,944,194$831,793$628,087$1,547,499
54$2,108,912$838,960$615,538$1,649,563
55$2,289,372$845,420$601,510$1,761,018
56$2,487,148$851,106$585,920$1,882,819
57$2,703,971$855,944$568,682$2,016,017
58$2,941,749$859,858$549,706$2,161,773
59$3,202,582$862,766$528,896$2,321,366
60$3,488,784$864,581$506,153$2,496,210
61$3,802,905$865,210$481,374$2,687,860
62$4,147,752$864,555$454,450$2,898,034
63$4,526,416$862,512$425,268$3,128,626
64$4,942,306$858,971$393,710$3,381,724
65$5,399,174$853,813$359,652$3,659,632
66$5,901,154$846,914$322,964$3,964,890
67$6,452,800$838,141$283,513$4,300,299
68$7,059,131$827,356$241,156$4,668,948
69$7,725,675$814,408$195,746$5,074,244
70$8,458,521$799,141$147,131$5,519,942
71$9,264,379$781,388$95,149$6,010,185
72$10,150,642$760,973$39,633$6,549,538
73$11,125,455$737,708$0$7,143,038
74$12,197,791$711,396$0$7,801,049
75$13,377,538$681,826$0$8,535,573
76$14,675,590$648,779$0$9,343,669
77$16,103,950$612,018$0$10,232,827
78$17,675,843$571,298$0$11,211,303
79$19,405,842$526,354$0$12,288,194
80$21,310,003$476,911$0$13,473,529
81$23,406,019$422,675$0$14,778,357
82$25,713,384$363,337$0$16,214,860
83$28,253,578$298,569$0$17,796,461
84$31,050,271$228,028$0$19,537,955
85$34,129,544$151,347$0$21,455,647
86$37,520,136$68,141$0$23,567,508
87$41,253,713$0$0$25,893,344
88$45,365,171$0$0$28,459,823
89$49,892,960$0$0$31,302,779
90$54,879,451$0$0$34,433,829
91$60,371,332$0$0$37,882,297
92$66,420,052$0$0$41,680,500
93$73,082,302$0$0$45,864,048
94$80,420,555$0$0$50,472,179
95$88,503,652$0$0$55,548,135
96$97,407,451$0$0$61,139,564
97$107,215,545$0$0$67,298,973
98$118,020,049$0$0$74,084,221
99$129,922,471$0$0$81,559,068
100$143,034,668$0$0$89,793,775