Can I retire at age 40 with 626,000?

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 $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%
1 years$51,694$51,234$50,785$50,346$49,918$49,708
2 years$25,591$25,115$24,653$24,205$23,771$23,558
3 years$16,891$16,413$15,952$15,508$15,081$14,873
4 years$12,542$12,065$11,609$11,173$10,756$10,554
5 years$9,934$9,459$9,009$8,582$8,176$7,982
6 years$8,195$7,724$7,281$6,863$6,470$6,282
7 years$6,954$6,487$6,050$5,642$5,262$5,081
8 years$6,023$5,560$5,131$4,733$4,365$4,191
9 years$5,299$4,841$4,419$4,032$3,676$3,509
10 years$4,721$4,267$3,853$3,475$3,132$2,973
11 years$4,248$3,799$3,392$3,025$2,694$2,541
12 years$3,854$3,410$3,010$2,653$2,334$2,188
13 years$3,521$3,081$2,690$2,342$2,036$1,896
14 years$3,236$2,801$2,417$2,079$1,784$1,652
15 years$2,989$2,559$2,182$1,854$1,571$1,445
16 years$2,773$2,348$1,978$1,660$1,389$1,268
17 years$2,583$2,162$1,800$1,492$1,231$1,117
18 years$2,414$1,998$1,643$1,344$1,095$986
19 years$2,263$1,852$1,504$1,215$976$873
20 years$2,128$1,721$1,381$1,100$872$774
21 years$2,005$1,603$1,270$998$780$688
22 years$1,894$1,496$1,170$908$699$612
23 years$1,792$1,399$1,081$827$628$545
24 years$1,699$1,311$999$754$564$487
25 years$1,614$1,230$926$689$508$434
26 years$1,535$1,156$858$630$457$388
27 years$1,463$1,088$797$576$412$347
28 years$1,395$1,025$741$528$372$311
29 years$1,333$967$690$484$336$279
30 years$1,274$914$642$444$303$250
31 years$1,220$864$599$408$274$224
32 years$1,169$817$559$375$248$201
33 years$1,121$774$522$345$225$180
34 years$1,076$733$487$317$203$162
35 years$1,034$696$456$292$184$146
36 years$994$660$426$269$167$131
37 years$957$627$399$248$151$118
38 years$921$596$374$229$137$106
39 years$888$567$350$211$124$95
40 years$856$539$328$194$113$85
41 years$826$513$308$179$102$77
42 years$797$489$289$165$93$69
43 years$770$466$271$153$84$62
44 years$744$444$254$141$76$56
45 years$719$423$239$130$69$50
46 years$695$404$224$120$63$45
47 years$673$385$211$111$57$41
48 years$651$368$198$103$52$37
49 years$631$351$186$95$47$33
50 years$611$336$175$88$43$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $626,000, adding $2,267 every year, while hoping to spend $29,959 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: 83/7/10 Blend
39$626,000$626,000$626,000$626,000
40$692,190$659,012$649,309$748,402
41$730,918$659,428$639,185$785,937
42$772,591$658,860$627,718$822,919
43$817,479$657,228$614,830$862,620
44$865,878$654,448$600,443$905,295
45$918,111$650,429$584,471$951,225
46$974,535$645,077$566,828$1,000,722
47$1,035,542$638,290$547,421$1,054,126
48$1,101,563$629,962$526,155$1,111,813
49$1,173,070$619,977$502,928$1,174,198
50$1,250,583$608,217$477,637$1,241,737
51$1,334,676$594,552$450,171$1,314,932
52$1,425,977$578,849$420,416$1,394,339
53$1,525,178$560,965$388,251$1,480,566
54$1,633,041$540,747$353,552$1,574,286
55$1,750,403$518,035$316,188$1,676,241
56$1,878,186$492,661$276,023$1,787,246
57$2,017,405$464,445$232,913$1,908,202
58$2,169,174$433,196$186,709$2,040,101
59$2,334,722$398,716$137,257$2,184,034
60$2,515,402$360,791$84,393$2,341,207
61$2,712,701$319,197$27,948$2,512,946
62$2,928,257$273,699$0$2,700,714
63$3,163,874$224,045$0$2,909,570
64$3,421,538$169,971$0$3,141,250
65$3,703,434$111,199$0$3,394,749
66$4,011,970$47,434$0$3,672,247
67$4,349,796$0$0$3,976,145
68$4,719,831$0$0$4,310,756
69$5,125,291$0$0$4,681,416
70$5,569,714$0$0$5,087,708
71$6,057,001$0$0$5,533,199
72$6,591,444$0$0$6,021,816
73$7,177,775$0$0$6,557,885
74$7,821,202$0$0$7,146,171
75$8,527,465$0$0$7,791,923
76$9,302,885$0$0$8,500,922
77$10,154,424$0$0$9,279,537
78$11,089,754$0$0$10,134,784
79$12,117,324$0$0$11,074,391
80$13,246,443$0$0$12,106,873
81$14,487,367$0$0$13,241,609
82$15,851,393$0$0$14,488,933
83$17,350,968$0$0$15,860,229
84$18,999,807$0$0$17,368,041
85$20,813,017$0$0$19,026,186
86$22,807,244$0$0$20,849,890
87$25,000,828$0$0$22,855,928
88$27,413,975$0$0$25,062,780
89$30,068,951$0$0$27,490,812
90$32,990,284$0$0$30,162,459
91$36,205,004$0$0$33,102,443
92$39,742,891$0$0$36,338,003
93$43,636,760$0$0$39,899,152
94$47,922,766$0$0$43,818,961
95$52,640,749$0$0$48,133,867
96$57,834,606$0$0$52,884,024
97$63,552,709$0$0$58,113,672
98$69,848,357$0$0$63,871,563
99$76,780,278$0$0$70,211,412
100$84,413,188$0$0$77,192,411