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%18.6%
1 years$51,860$51,398$50,947$50,507$50,078$48,339
2 years$25,673$25,195$24,732$24,282$23,846$22,113
3 years$16,945$16,465$16,003$15,558$15,129$13,455
4 years$12,582$12,104$11,646$11,209$10,790$9,189
5 years$9,965$9,489$9,038$8,609$8,203$6,677
6 years$8,221$7,749$7,304$6,885$6,490$5,043
7 years$6,976$6,507$6,070$5,660$5,278$3,908
8 years$6,042$5,578$5,147$4,748$4,379$3,085
9 years$5,316$4,857$4,434$4,045$3,688$2,468
10 years$4,736$4,281$3,865$3,486$3,142$1,995
11 years$4,262$3,811$3,403$3,034$2,702$1,626
12 years$3,867$3,421$3,020$2,661$2,342$1,333
13 years$3,533$3,091$2,698$2,350$2,042$1,098
14 years$3,247$2,810$2,424$2,086$1,790$909
15 years$2,999$2,567$2,189$1,860$1,576$754
16 years$2,782$2,355$1,984$1,666$1,393$628
17 years$2,591$2,169$1,806$1,496$1,235$524
18 years$2,422$2,004$1,648$1,349$1,098$437
19 years$2,271$1,857$1,509$1,219$979$366
20 years$2,134$1,726$1,385$1,104$874$307
21 years$2,011$1,608$1,274$1,002$782$257
22 years$1,900$1,501$1,174$911$701$216
23 years$1,798$1,404$1,084$829$630$181
24 years$1,705$1,315$1,003$756$566$152
25 years$1,619$1,234$929$691$509$128
26 years$1,540$1,160$861$632$459$108
27 years$1,467$1,092$800$578$414$91
28 years$1,400$1,029$743$530$373$76
29 years$1,337$970$692$486$337$64
30 years$1,278$916$644$446$304$54
31 years$1,224$866$601$409$275$46
32 years$1,173$820$561$376$249$38
33 years$1,125$776$523$346$225$32
34 years$1,080$736$489$318$204$27
35 years$1,037$698$457$293$185$23
36 years$997$662$428$270$167$19
37 years$960$629$400$249$152$16
38 years$924$598$375$229$138$14
39 years$890$569$351$211$125$12
40 years$859$541$329$195$113$10
41 years$828$515$309$180$103$8
42 years$800$490$290$166$93$7
43 years$772$467$272$153$85$6
44 years$746$445$255$141$77$5
45 years$721$425$239$131$70$4
46 years$698$405$225$121$63$4
47 years$675$387$211$112$57$3
48 years$654$369$199$103$52$2
49 years$633$352$187$95$47$2
50 years$613$337$175$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $628,000, adding $6,654 every year, while hoping to spend $44,651 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: 62/17/21 Blend
39$628,000$628,000$628,000$628,000
40$698,920$665,636$655,902$738,047
41$722,701$650,743$630,366$750,371
42$747,412$633,625$602,478$758,267
43$773,099$614,124$572,113$765,871
44$799,815$592,075$539,138$773,161
45$827,613$567,304$503,416$780,112
46$856,552$539,625$464,803$786,701
47$886,695$508,841$423,149$792,903
48$918,110$474,747$378,297$798,695
49$950,871$437,123$330,083$804,051
50$985,055$395,737$278,336$808,946
51$1,020,747$350,345$222,877$813,357
52$1,058,040$300,688$163,520$817,259
53$1,097,031$246,493$100,069$820,629
54$1,137,828$187,471$32,321$823,445
55$1,180,547$123,318$0$825,686
56$1,225,313$53,710$0$836,289
57$1,272,262$0$0$854,590
58$1,321,542$0$0$877,434
59$1,373,313$0$0$912,003
60$1,427,749$0$0$948,367
61$1,485,040$0$0$986,656
62$1,545,392$0$0$1,027,010
63$1,609,030$0$0$1,069,581
64$1,676,198$0$0$1,114,534
65$1,747,163$0$0$1,162,053
66$1,822,216$0$0$1,212,335
67$1,901,675$0$0$1,265,595
68$1,985,887$0$0$1,322,070
69$2,075,232$0$0$1,382,019
70$2,170,123$0$0$1,445,723
71$2,271,014$0$0$1,513,491
72$2,378,402$0$0$1,585,660
73$2,492,830$0$0$1,662,602
74$2,614,891$0$0$1,744,720
75$2,745,239$0$0$1,832,460
76$2,884,586$0$0$1,926,307
77$3,033,715$0$0$2,026,794
78$3,193,486$0$0$2,134,508
79$3,364,838$0$0$2,250,089
80$3,548,805$0$0$2,374,243
81$3,746,520$0$0$2,507,741
82$3,959,228$0$0$2,651,432
83$4,188,295$0$0$2,806,249
84$4,435,222$0$0$2,973,216
85$4,701,656$0$0$3,153,455
86$4,989,409$0$0$3,348,204
87$5,300,470$0$0$3,558,820
88$5,637,027$0$0$3,786,795
89$6,001,484$0$0$4,033,770
90$6,396,485$0$0$4,301,549
91$6,824,935$0$0$4,592,117
92$7,290,031$0$0$4,907,654
93$7,795,289$0$0$5,250,561
94$8,344,576$0$0$5,623,478
95$8,942,147$0$0$6,029,310
96$9,592,682$0$0$6,471,251
97$10,301,333$0$0$6,952,820
98$11,073,767$0$0$7,477,886
99$11,916,223$0$0$8,050,709
100$12,835,567$0$0$8,675,977