Can I retire at age 40 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$54,667$54,180$53,705$53,242$52,789$52,478
2 years$27,063$26,559$26,071$25,597$25,138$24,824
3 years$17,863$17,357$16,869$16,400$15,948$15,642
4 years$13,264$12,759$12,277$11,815$11,374$11,077
5 years$10,505$10,003$9,527$9,075$8,647$8,360
6 years$8,666$8,168$7,699$7,258$6,842$6,565
7 years$7,353$6,860$6,398$5,967$5,564$5,298
8 years$6,369$5,880$5,426$5,005$4,616$4,361
9 years$5,604$5,120$4,674$4,264$3,887$3,643
10 years$4,993$4,513$4,075$3,675$3,312$3,078
11 years$4,492$4,017$3,587$3,199$2,849$2,625
12 years$4,076$3,606$3,183$2,806$2,469$2,255
13 years$3,724$3,259$2,844$2,477$2,153$1,949
14 years$3,422$2,962$2,556$2,199$1,887$1,693
15 years$3,161$2,706$2,307$1,961$1,661$1,477
16 years$2,933$2,483$2,092$1,756$1,468$1,293
17 years$2,732$2,286$1,904$1,578$1,302$1,136
18 years$2,553$2,113$1,738$1,422$1,158$1,000
19 years$2,393$1,958$1,591$1,285$1,032$883
20 years$2,250$1,819$1,460$1,163$922$781
21 years$2,120$1,695$1,343$1,056$825$692
22 years$2,003$1,582$1,238$960$739$613
23 years$1,895$1,480$1,143$874$664$545
24 years$1,797$1,386$1,057$797$597$485
25 years$1,707$1,301$979$728$537$432
26 years$1,624$1,223$908$666$483$385
27 years$1,547$1,151$843$610$436$343
28 years$1,475$1,084$784$558$393$306
29 years$1,409$1,023$729$512$355$273
30 years$1,348$966$679$470$321$244
31 years$1,290$913$633$432$290$218
32 years$1,236$864$591$397$262$195
33 years$1,186$818$552$365$238$175
34 years$1,138$776$515$336$215$156
35 years$1,093$736$482$309$195$140
36 years$1,051$698$451$285$176$125
37 years$1,012$663$422$262$160$112
38 years$974$630$395$242$145$101
39 years$939$599$370$223$131$90
40 years$905$570$347$206$119$81
41 years$873$543$325$190$108$72
42 years$843$517$305$175$98$65
43 years$814$492$286$162$89$58
44 years$787$469$269$149$81$52
45 years$760$448$252$138$73$47
46 years$735$427$237$127$67$42
47 years$712$408$223$118$61$38
48 years$689$389$209$109$55$34
49 years$667$372$197$100$50$30
50 years$646$355$185$93$45$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $662,000, adding $4,060 every year, while hoping to spend $50,664 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: 46/29/25 Blend
39$662,000$662,000$662,000$662,000
40$733,712$698,626$688,365$762,027
41$754,644$678,952$657,519$762,722
42$776,014$656,617$623,942$758,202
43$797,812$631,436$587,488$752,294
44$820,026$603,213$548,007$744,895
45$842,643$571,745$505,339$735,892
46$865,644$536,812$459,319$725,168
47$889,009$498,185$409,775$712,598
48$912,711$455,619$356,526$698,048
49$936,721$408,858$299,384$681,377
50$961,004$357,630$238,151$662,432
51$985,519$301,647$172,621$641,054
52$1,010,220$240,604$102,581$617,069
53$1,035,051$174,183$27,807$590,297
54$1,059,951$102,043$0$560,541
55$1,084,850$23,827$0$541,464
56$1,109,668$0$0$527,792
57$1,134,312$0$0$531,348
58$1,158,682$0$0$542,326
59$1,182,660$0$0$553,062
60$1,206,117$0$0$563,490
61$1,228,905$0$0$573,532
62$1,250,860$0$0$583,105
63$1,271,798$0$0$592,113
64$1,291,512$0$0$600,450
65$1,309,771$0$0$607,997
66$1,326,319$0$0$614,623
67$1,340,867$0$0$620,180
68$1,353,096$0$0$624,503
69$1,362,649$0$0$627,412
70$1,369,130$0$0$628,702
71$1,372,098$0$0$628,148
72$1,371,064$0$0$625,501
73$1,365,482$0$0$620,482
74$1,354,751$0$0$612,783
75$1,338,199$0$0$602,063
76$1,315,085$0$0$587,942
77$1,284,586$0$0$570,002
78$1,245,789$0$0$547,779
79$1,197,686$0$0$520,756
80$1,139,158$0$0$488,367
81$1,068,969$0$0$449,980
82$985,750$0$0$404,899
83$887,986$0$0$352,355
84$774,003$0$0$291,494
85$641,950$0$0$221,377
86$489,782$0$0$140,963
87$315,236$0$0$49,102
88$115,815$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0