Can I retire at age 40 with 629,000?

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 $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$51,942$51,480$51,028$50,588$50,157$48,455
2 years$25,714$25,235$24,771$24,321$23,884$22,186
3 years$16,972$16,491$16,028$15,583$15,153$13,513
4 years$12,602$12,123$11,665$11,226$10,807$9,237
5 years$9,981$9,505$9,052$8,623$8,216$6,720
6 years$8,234$7,761$7,316$6,896$6,501$5,080
7 years$6,987$6,518$6,079$5,669$5,287$3,942
8 years$6,052$5,587$5,156$4,756$4,386$3,115
9 years$5,325$4,864$4,441$4,051$3,694$2,496
10 years$4,744$4,288$3,871$3,492$3,147$2,020
11 years$4,269$3,817$3,408$3,039$2,707$1,648
12 years$3,873$3,426$3,025$2,666$2,346$1,353
13 years$3,538$3,096$2,702$2,353$2,045$1,116
14 years$3,252$2,814$2,428$2,089$1,793$925
15 years$3,004$2,571$2,192$1,863$1,579$769
16 years$2,787$2,359$1,988$1,668$1,395$641
17 years$2,596$2,172$1,809$1,499$1,237$535
18 years$2,426$2,007$1,651$1,351$1,100$448
19 years$2,274$1,860$1,511$1,221$980$375
20 years$2,138$1,729$1,387$1,105$876$315
21 years$2,015$1,610$1,276$1,003$784$265
22 years$1,903$1,503$1,176$912$702$222
23 years$1,801$1,406$1,086$831$631$187
24 years$1,707$1,317$1,004$758$567$158
25 years$1,622$1,236$930$692$510$133
26 years$1,543$1,162$863$633$459$112
27 years$1,470$1,093$801$579$414$94
28 years$1,402$1,030$745$531$374$79
29 years$1,339$972$693$487$337$67
30 years$1,280$918$645$447$305$57
31 years$1,226$868$602$410$276$48
32 years$1,174$821$561$377$249$40
33 years$1,126$778$524$347$226$34
34 years$1,081$737$490$319$204$29
35 years$1,039$699$458$294$185$24
36 years$999$663$428$270$168$20
37 years$961$630$401$249$152$17
38 years$926$599$375$230$138$15
39 years$892$569$352$212$125$12
40 years$860$542$330$195$113$10
41 years$830$516$309$180$103$9
42 years$801$491$290$166$93$7
43 years$773$468$272$153$85$6
44 years$747$446$255$142$77$5
45 years$722$425$240$131$70$4
46 years$699$406$225$121$63$4
47 years$676$387$212$112$58$3
48 years$655$370$199$103$52$3
49 years$634$353$187$95$47$2
50 years$614$337$176$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $629,000, adding $4,960 every year, while hoping to spend $46,888 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: 58/35/7 Blend
39$629,000$629,000$629,000$629,000
40$698,274$664,937$655,188$737,438
41$719,610$647,631$627,248$747,026
42$741,550$627,905$596,801$751,727
43$764,107$605,591$563,713$755,686
44$787,293$580,512$527,844$758,835
45$811,119$552,479$489,049$761,100
46$835,597$521,294$447,176$762,406
47$860,736$486,746$402,064$762,670
48$886,546$448,611$353,549$761,805
49$913,036$406,656$301,455$759,718
50$940,215$360,631$245,603$756,309
51$968,088$310,273$185,802$751,473
52$996,661$255,305$121,854$745,096
53$1,025,939$195,433$53,554$737,060
54$1,055,922$130,347$0$727,235
55$1,086,612$59,720$0$716,931
56$1,118,007$0$0$708,921
57$1,150,101$0$0$705,531
58$1,182,888$0$0$725,556
59$1,216,357$0$0$745,987
60$1,250,493$0$0$766,814
61$1,285,278$0$0$788,025
62$1,320,690$0$0$809,604
63$1,356,699$0$0$831,532
64$1,393,271$0$0$853,786
65$1,430,367$0$0$876,339
66$1,467,939$0$0$899,160
67$1,505,931$0$0$922,212
68$1,544,279$0$0$945,452
69$1,582,907$0$0$968,831
70$1,621,730$0$0$992,294
71$1,660,651$0$0$1,015,777
72$1,699,556$0$0$1,039,206
73$1,738,320$0$0$1,062,499
74$1,776,798$0$0$1,085,563
75$1,814,828$0$0$1,108,292
76$1,852,226$0$0$1,130,568
77$1,888,786$0$0$1,152,256
78$1,924,275$0$0$1,173,207
79$1,958,433$0$0$1,193,253
80$1,990,968$0$0$1,212,206
81$2,021,555$0$0$1,229,855
82$2,049,828$0$0$1,245,965
83$2,075,380$0$0$1,260,275
84$2,097,757$0$0$1,272,491
85$2,116,453$0$0$1,282,289
86$2,130,906$0$0$1,289,307
87$2,140,487$0$0$1,293,142
88$2,144,501$0$0$1,293,345
89$2,142,173$0$0$1,289,422
90$2,132,645$0$0$1,280,819
91$2,114,961$0$0$1,266,924
92$2,088,065$0$0$1,247,060
93$2,050,782$0$0$1,220,472
94$2,001,814$0$0$1,186,329
95$1,939,718$0$0$1,143,706
96$1,862,902$0$0$1,091,581
97$1,769,598$0$0$1,028,823
98$1,657,852$0$0$954,179
99$1,525,503$0$0$866,265
100$1,370,158$0$0$763,549