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%12.7%
1 years$51,942$51,480$51,028$50,588$50,157$49,592
2 years$25,714$25,235$24,771$24,321$23,884$23,316
3 years$16,972$16,491$16,028$15,583$15,153$14,598
4 years$12,602$12,123$11,665$11,226$10,807$10,271
5 years$9,981$9,505$9,052$8,623$8,216$7,699
6 years$8,234$7,761$7,316$6,896$6,501$6,004
7 years$6,987$6,518$6,079$5,669$5,287$4,811
8 years$6,052$5,587$5,156$4,756$4,386$3,930
9 years$5,325$4,864$4,441$4,051$3,694$3,258
10 years$4,744$4,288$3,871$3,492$3,147$2,732
11 years$4,269$3,817$3,408$3,039$2,707$2,311
12 years$3,873$3,426$3,025$2,666$2,346$1,969
13 years$3,538$3,096$2,702$2,353$2,045$1,688
14 years$3,252$2,814$2,428$2,089$1,793$1,454
15 years$3,004$2,571$2,192$1,863$1,579$1,257
16 years$2,787$2,359$1,988$1,668$1,395$1,091
17 years$2,596$2,172$1,809$1,499$1,237$949
18 years$2,426$2,007$1,651$1,351$1,100$828
19 years$2,274$1,860$1,511$1,221$980$724
20 years$2,138$1,729$1,387$1,105$876$634
21 years$2,015$1,610$1,276$1,003$784$557
22 years$1,903$1,503$1,176$912$702$489
23 years$1,801$1,406$1,086$831$631$430
24 years$1,707$1,317$1,004$758$567$379
25 years$1,622$1,236$930$692$510$334
26 years$1,543$1,162$863$633$459$294
27 years$1,470$1,093$801$579$414$260
28 years$1,402$1,030$745$531$374$230
29 years$1,339$972$693$487$337$203
30 years$1,280$918$645$447$305$179
31 years$1,226$868$602$410$276$159
32 years$1,174$821$561$377$249$140
33 years$1,126$778$524$347$226$124
34 years$1,081$737$490$319$204$110
35 years$1,039$699$458$294$185$97
36 years$999$663$428$270$168$86
37 years$961$630$401$249$152$76
38 years$926$599$375$230$138$68
39 years$892$569$352$212$125$60
40 years$860$542$330$195$113$53
41 years$830$516$309$180$103$47
42 years$801$491$290$166$93$42
43 years$773$468$272$153$85$37
44 years$747$446$255$142$77$33
45 years$722$425$240$131$70$29
46 years$699$406$225$121$63$26
47 years$676$387$212$112$58$23
48 years$655$370$199$103$52$20
49 years$634$353$187$95$47$18
50 years$614$337$176$88$43$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $629,000, adding $4,903 every year, while hoping to spend $49,688 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: 45/26/29 Blend
39$629,000$629,000$629,000$629,000
40$698,215$664,878$655,129$723,590
41$716,566$644,590$624,208$721,849
42$735,123$621,642$590,586$714,829
43$753,854$595,851$554,120$706,272
44$772,725$567,026$514,660$696,062
45$791,692$534,959$472,051$684,077
46$810,709$499,437$426,129$670,184
47$829,721$460,229$376,724$654,244
48$848,666$417,094$323,658$636,107
49$867,475$369,776$266,745$615,613
50$886,068$318,005$205,792$592,590
51$904,356$261,496$140,594$566,856
52$922,238$199,948$70,942$538,217
53$939,601$133,040$0$506,462
54$956,320$60,439$0$472,418
55$972,252$0$0$458,290
56$987,238$0$0$447,134
57$1,001,100$0$0$452,672
58$1,013,642$0$0$457,512
59$1,024,641$0$0$461,544
60$1,033,851$0$0$464,645
61$1,041,000$0$0$466,676
62$1,045,780$0$0$467,486
63$1,047,854$0$0$466,904
64$1,046,845$0$0$464,743
65$1,042,334$0$0$460,793
66$1,033,858$0$0$454,822
67$1,020,901$0$0$446,574
68$1,002,893$0$0$435,763
69$979,200$0$0$422,075
70$949,122$0$0$405,158
71$911,882$0$0$384,628
72$866,622$0$0$360,054
73$812,389$0$0$330,965
74$748,131$0$0$296,835
75$672,686$0$0$257,085
76$584,764$0$0$211,075
77$482,943$0$0$158,096
78$365,651$0$0$97,367
79$231,148$0$0$28,022
80$77,515$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0