Can I retire at age 40 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$51,777$51,316$50,866$50,427$49,998$48,456
2 years$25,632$25,155$24,692$24,244$23,809$22,268
3 years$16,918$16,439$15,977$15,533$15,105$13,615
4 years$12,562$12,084$11,628$11,191$10,773$9,345
5 years$9,949$9,474$9,023$8,596$8,190$6,827
6 years$8,208$7,736$7,292$6,874$6,480$5,184
7 years$6,965$6,497$6,060$5,651$5,270$4,041
8 years$6,033$5,569$5,139$4,741$4,372$3,208
9 years$5,308$4,849$4,426$4,038$3,682$2,583
10 years$4,729$4,274$3,859$3,481$3,137$2,101
11 years$4,255$3,805$3,397$3,029$2,698$1,723
12 years$3,860$3,415$3,015$2,657$2,338$1,422
13 years$3,527$3,086$2,694$2,346$2,039$1,180
14 years$3,241$2,805$2,420$2,082$1,787$983
15 years$2,994$2,563$2,185$1,857$1,574$822
16 years$2,778$2,351$1,981$1,663$1,391$689
17 years$2,587$2,165$1,803$1,494$1,233$579
18 years$2,418$2,001$1,646$1,346$1,096$487
19 years$2,267$1,854$1,507$1,217$977$411
20 years$2,131$1,723$1,383$1,102$873$347
21 years$2,008$1,605$1,272$1,000$781$293
22 years$1,897$1,498$1,172$909$700$248
23 years$1,795$1,401$1,082$828$629$210
24 years$1,702$1,313$1,001$755$565$178
25 years$1,617$1,232$927$690$508$151
26 years$1,538$1,158$860$631$458$128
27 years$1,465$1,090$798$577$413$108
28 years$1,397$1,027$742$529$373$92
29 years$1,335$969$691$485$336$78
30 years$1,276$915$643$445$304$66
31 years$1,222$865$600$409$275$56
32 years$1,171$818$560$376$249$48
33 years$1,123$775$523$346$225$41
34 years$1,078$735$488$318$204$35
35 years$1,036$697$456$293$184$29
36 years$996$661$427$270$167$25
37 years$958$628$400$248$151$21
38 years$923$597$374$229$137$18
39 years$889$568$351$211$125$15
40 years$857$540$329$195$113$13
41 years$827$514$308$180$102$11
42 years$798$490$289$166$93$9
43 years$771$466$271$153$84$8
44 years$745$445$255$141$77$7
45 years$720$424$239$130$70$6
46 years$697$404$225$121$63$5
47 years$674$386$211$111$57$4
48 years$652$368$198$103$52$4
49 years$632$352$186$95$47$3
50 years$612$336$175$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $627,000, adding $6,145 every year, while hoping to spend $39,072 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: 59/12/29 Blend
39$627,000$627,000$627,000$627,000
40$697,293$664,062$654,343$732,594
41$726,844$655,028$634,691$748,411
42$758,100$644,243$613,072$760,995
43$791,194$631,578$589,377$773,918
44$826,270$616,900$563,495$787,225
45$863,486$600,064$535,309$800,964
46$903,016$580,922$504,696$815,193
47$945,049$559,312$471,529$829,977
48$989,792$535,066$435,673$845,389
49$1,037,471$508,005$396,989$861,511
50$1,088,336$477,940$355,330$878,439
51$1,142,657$444,671$310,545$896,279
52$1,200,734$407,985$262,474$915,149
53$1,262,893$367,660$210,950$935,184
54$1,329,491$323,459$155,801$956,536
55$1,400,923$275,132$96,844$979,375
56$1,477,620$222,416$33,891$1,003,890
57$1,560,054$165,032$0$1,030,297
58$1,648,746$102,684$0$1,069,135
59$1,744,266$35,064$0$1,122,231
60$1,847,240$0$0$1,179,453
61$1,958,357$0$0$1,246,243
62$2,078,372$0$0$1,323,423
63$2,208,118$0$0$1,406,902
64$2,348,507$0$0$1,497,274
65$2,500,543$0$0$1,595,190
66$2,665,330$0$0$1,701,367
67$2,844,082$0$0$1,816,593
68$3,038,134$0$0$1,941,735
69$3,248,953$0$0$2,077,748
70$3,478,156$0$0$2,225,679
71$3,727,518$0$0$2,386,683
72$3,998,994$0$0$2,562,030
73$4,294,737$0$0$2,753,118
74$4,617,112$0$0$2,961,484
75$4,968,725$0$0$3,188,821
76$5,352,443$0$0$3,436,992
77$5,771,424$0$0$3,708,048
78$6,229,141$0$0$4,004,248
79$6,729,420$0$0$4,328,076
80$7,276,471$0$0$4,682,269
81$7,874,933$0$0$5,069,841
82$8,529,910$0$0$5,494,110
83$9,247,024$0$0$5,958,730
84$10,032,466$0$0$6,467,723
85$10,893,054$0$0$7,025,522
86$11,836,296$0$0$7,637,006
87$12,870,462$0$0$8,307,550
88$14,004,658$0$0$9,043,074
89$15,248,918$0$0$9,850,099
90$16,614,289$0$0$10,735,806
91$18,112,942$0$0$11,708,106
92$19,758,283$0$0$12,775,714
93$21,565,081$0$0$13,948,230
94$23,549,603$0$0$15,236,229
95$25,729,770$0$0$16,651,359
96$28,125,324$0$0$18,206,456
97$30,758,015$0$0$19,915,657
98$33,651,804$0$0$21,794,539
99$36,833,088$0$0$23,860,262
100$40,330,950$0$0$26,131,734