Can I retire at age 40 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$51,860$51,398$50,947$50,507$50,078$49,107
2 years$25,673$25,195$24,732$24,282$23,846$22,872
3 years$16,945$16,465$16,003$15,558$15,129$14,182
4 years$12,582$12,104$11,646$11,209$10,790$9,877
5 years$9,965$9,489$9,038$8,609$8,203$7,327
6 years$8,221$7,749$7,304$6,885$6,490$5,652
7 years$6,976$6,507$6,070$5,660$5,278$4,479
8 years$6,042$5,578$5,147$4,748$4,379$3,617
9 years$5,316$4,857$4,434$4,045$3,688$2,963
10 years$4,736$4,281$3,865$3,486$3,142$2,454
11 years$4,262$3,811$3,403$3,034$2,702$2,050
12 years$3,867$3,421$3,020$2,661$2,342$1,725
13 years$3,533$3,091$2,698$2,350$2,042$1,459
14 years$3,247$2,810$2,424$2,086$1,790$1,240
15 years$2,999$2,567$2,189$1,860$1,576$1,058
16 years$2,782$2,355$1,984$1,666$1,393$905
17 years$2,591$2,169$1,806$1,496$1,235$777
18 years$2,422$2,004$1,648$1,349$1,098$668
19 years$2,271$1,857$1,509$1,219$979$576
20 years$2,134$1,726$1,385$1,104$874$497
21 years$2,011$1,608$1,274$1,002$782$429
22 years$1,900$1,501$1,174$911$701$371
23 years$1,798$1,404$1,084$829$630$322
24 years$1,705$1,315$1,003$756$566$279
25 years$1,619$1,234$929$691$509$242
26 years$1,540$1,160$861$632$459$210
27 years$1,467$1,092$800$578$414$182
28 years$1,400$1,029$743$530$373$159
29 years$1,337$970$692$486$337$138
30 years$1,278$916$644$446$304$120
31 years$1,224$866$601$409$275$104
32 years$1,173$820$561$376$249$91
33 years$1,125$776$523$346$225$79
34 years$1,080$736$489$318$204$69
35 years$1,037$698$457$293$185$60
36 years$997$662$428$270$167$52
37 years$960$629$400$249$152$45
38 years$924$598$375$229$138$40
39 years$890$569$351$211$125$34
40 years$859$541$329$195$113$30
41 years$828$515$309$180$103$26
42 years$800$490$290$166$93$23
43 years$772$467$272$153$85$20
44 years$746$445$255$141$77$17
45 years$721$425$239$131$70$15
46 years$698$405$225$121$63$13
47 years$675$387$211$112$57$11
48 years$654$369$199$103$52$10
49 years$633$352$187$95$47$9
50 years$613$337$175$88$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $628,000, adding $2,997 every year, while hoping to spend $47,147 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: 47/39/14 Blend
39$628,000$628,000$628,000$628,000
40$695,147$661,863$652,129$724,954
41$715,888$644,131$623,812$728,166
42$737,165$623,949$592,965$726,579
43$758,981$601,148$559,455$723,819
44$781,342$575,549$523,142$719,794
45$804,249$546,961$483,877$714,407
46$827,704$515,184$441,509$707,552
47$851,706$480,004$395,875$699,121
48$876,253$441,197$346,810$688,996
49$901,341$398,525$294,138$677,052
50$926,962$351,737$237,676$663,157
51$953,107$300,568$177,233$647,169
52$979,765$244,737$112,611$628,939
53$1,006,919$183,947$43,602$608,308
54$1,034,550$117,886$0$585,107
55$1,062,635$46,223$0$563,642
56$1,091,145$0$0$546,478
57$1,120,047$0$0$540,398
58$1,149,302$0$0$554,299
59$1,178,863$0$0$568,319
60$1,208,678$0$0$582,430
61$1,238,685$0$0$596,599
62$1,268,815$0$0$610,788
63$1,298,988$0$0$624,955
64$1,329,112$0$0$639,050
65$1,359,084$0$0$653,019
66$1,388,786$0$0$666,800
67$1,418,087$0$0$680,322
68$1,446,838$0$0$693,507
69$1,474,871$0$0$706,267
70$1,501,997$0$0$718,501
71$1,528,006$0$0$730,100
72$1,552,661$0$0$740,938
73$1,575,698$0$0$750,878
74$1,596,822$0$0$759,764
75$1,615,703$0$0$767,423
76$1,631,974$0$0$773,664
77$1,645,226$0$0$778,273
78$1,655,004$0$0$781,010
79$1,660,801$0$0$781,613
80$1,662,055$0$0$779,787
81$1,658,139$0$0$775,206
82$1,648,361$0$0$767,507
83$1,631,950$0$0$756,291
84$1,608,051$0$0$741,110
85$1,575,719$0$0$721,474
86$1,533,903$0$0$696,834
87$1,481,443$0$0$666,587
88$1,417,050$0$0$630,063
89$1,339,302$0$0$586,522
90$1,246,621$0$0$535,143
91$1,137,263$0$0$475,021
92$1,009,302$0$0$405,153
93$860,603$0$0$324,432
94$688,810$0$0$231,632
95$491,318$0$0$125,401
96$265,247$0$0$4,244
97$7,417$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0