Can I retire at age 40 with 626,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$51,694$51,234$50,785$50,346$49,918$49,562
2 years$25,591$25,115$24,653$24,205$23,771$23,411
3 years$16,891$16,413$15,952$15,508$15,081$14,730
4 years$12,542$12,065$11,609$11,173$10,756$10,416
5 years$9,934$9,459$9,009$8,582$8,176$7,848
6 years$8,195$7,724$7,281$6,863$6,470$6,154
7 years$6,954$6,487$6,050$5,642$5,262$4,958
8 years$6,023$5,560$5,131$4,733$4,365$4,074
9 years$5,299$4,841$4,419$4,032$3,676$3,397
10 years$4,721$4,267$3,853$3,475$3,132$2,865
11 years$4,248$3,799$3,392$3,025$2,694$2,439
12 years$3,854$3,410$3,010$2,653$2,334$2,091
13 years$3,521$3,081$2,690$2,342$2,036$1,804
14 years$3,236$2,801$2,417$2,079$1,784$1,564
15 years$2,989$2,559$2,182$1,854$1,571$1,362
16 years$2,773$2,348$1,978$1,660$1,389$1,190
17 years$2,583$2,162$1,800$1,492$1,231$1,043
18 years$2,414$1,998$1,643$1,344$1,095$916
19 years$2,263$1,852$1,504$1,215$976$807
20 years$2,128$1,721$1,381$1,100$872$712
21 years$2,005$1,603$1,270$998$780$629
22 years$1,894$1,496$1,170$908$699$557
23 years$1,792$1,399$1,081$827$628$494
24 years$1,699$1,311$999$754$564$438
25 years$1,614$1,230$926$689$508$389
26 years$1,535$1,156$858$630$457$346
27 years$1,463$1,088$797$576$412$308
28 years$1,395$1,025$741$528$372$274
29 years$1,333$967$690$484$336$244
30 years$1,274$914$642$444$303$218
31 years$1,220$864$599$408$274$194
32 years$1,169$817$559$375$248$173
33 years$1,121$774$522$345$225$155
34 years$1,076$733$487$317$203$138
35 years$1,034$696$456$292$184$123
36 years$994$660$426$269$167$110
37 years$957$627$399$248$151$98
38 years$921$596$374$229$137$88
39 years$888$567$350$211$124$79
40 years$856$539$328$194$113$70
41 years$826$513$308$179$102$63
42 years$797$489$289$165$93$56
43 years$770$466$271$153$84$50
44 years$744$444$254$141$76$45
45 years$719$423$239$130$69$40
46 years$695$404$224$120$63$36
47 years$673$385$211$111$57$32
48 years$651$368$198$103$52$29
49 years$631$351$186$95$47$26
50 years$611$336$175$88$43$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $626,000, adding $2,439 every year, while hoping to spend $27,024 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: 56/30/14 Blend
39$626,000$626,000$626,000$626,000
40$692,368$659,190$649,487$728,503
41$734,236$662,737$642,491$756,837
42$779,469$665,552$634,356$784,529
43$828,382$667,571$625,013$814,069
44$881,319$668,725$614,394$845,639
45$938,663$668,941$602,425$879,439
46$1,000,830$668,143$589,030$915,693
47$1,068,281$666,248$574,129$954,646
48$1,141,520$663,169$557,637$996,572
49$1,221,105$658,814$539,467$1,041,772
50$1,307,647$653,084$519,528$1,090,579
51$1,401,818$645,877$497,724$1,143,363
52$1,504,360$637,081$473,954$1,200,531
53$1,616,087$626,581$448,114$1,262,534
54$1,737,896$614,251$420,094$1,329,871
55$1,870,775$599,963$389,780$1,403,094
56$2,015,808$583,575$357,053$1,482,812
57$2,174,193$564,943$321,786$1,569,698
58$2,347,246$543,910$283,851$1,664,498
59$2,536,415$520,312$243,110$1,768,035
60$2,743,297$493,974$199,422$1,881,217
61$2,969,647$464,714$152,637$2,005,050
62$3,217,402$432,335$102,601$2,140,644
63$3,488,690$396,633$49,151$2,289,225
64$3,785,858$357,389$0$2,452,148
65$4,111,488$314,374$0$2,632,089
66$4,468,426$267,345$0$2,837,432
67$4,859,806$216,044$0$3,062,682
68$5,289,077$160,202$0$3,309,881
69$5,760,041$99,530$0$3,581,287
70$6,276,886$33,727$0$3,879,387
71$6,844,222$0$0$4,206,926
72$7,467,129$0$0$4,579,321
73$8,151,205$0$0$5,000,571
74$8,902,612$0$0$5,463,344
75$9,728,143$0$0$5,971,830
76$10,635,278$0$0$6,530,646
77$11,632,259$0$0$7,144,876
78$12,728,166$0$0$7,820,123
79$13,933,002$0$0$8,562,559
80$15,257,788$0$0$9,378,984
81$16,714,666$0$0$10,276,890
82$18,317,014$0$0$11,264,532
83$20,079,571$0$0$12,351,005
84$22,018,578$0$0$13,546,328
85$24,151,925$0$0$14,861,544
86$26,499,329$0$0$16,308,817
87$29,082,512$0$0$17,901,550
88$31,925,407$0$0$19,654,513
89$35,054,386$0$0$21,583,979
90$38,498,507$0$0$23,707,879
91$42,289,790$0$0$26,045,970
92$46,463,512$0$0$28,620,022
93$51,058,549$0$0$31,454,025
94$56,117,737$0$0$34,574,411
95$61,688,275$0$0$38,010,307
96$67,822,174$0$0$41,793,808
97$74,576,743$0$0$45,960,279
98$82,015,136$0$0$50,548,690
99$90,206,938$0$0$55,601,983
100$99,228,831$0$0$61,167,479