Can I retire at age 40 with 629,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$51,942$51,480$51,028$50,588$50,157$49,737
2 years$25,714$25,235$24,771$24,321$23,884$23,461
3 years$16,972$16,491$16,028$15,583$15,153$14,740
4 years$12,602$12,123$11,665$11,226$10,807$10,407
5 years$9,981$9,505$9,052$8,623$8,216$7,829
6 years$8,234$7,761$7,316$6,896$6,501$6,129
7 years$6,987$6,518$6,079$5,669$5,287$4,930
8 years$6,052$5,587$5,156$4,756$4,386$4,044
9 years$5,325$4,864$4,441$4,051$3,694$3,366
10 years$4,744$4,288$3,871$3,492$3,147$2,834
11 years$4,269$3,817$3,408$3,039$2,707$2,408
12 years$3,873$3,426$3,025$2,666$2,346$2,061
13 years$3,538$3,096$2,702$2,353$2,045$1,774
14 years$3,252$2,814$2,428$2,089$1,793$1,535
15 years$3,004$2,571$2,192$1,863$1,579$1,334
16 years$2,787$2,359$1,988$1,668$1,395$1,163
17 years$2,596$2,172$1,809$1,499$1,237$1,017
18 years$2,426$2,007$1,651$1,351$1,100$892
19 years$2,274$1,860$1,511$1,221$980$784
20 years$2,138$1,729$1,387$1,105$876$690
21 years$2,015$1,610$1,276$1,003$784$609
22 years$1,903$1,503$1,176$912$702$538
23 years$1,801$1,406$1,086$831$631$475
24 years$1,707$1,317$1,004$758$567$421
25 years$1,622$1,236$930$692$510$373
26 years$1,543$1,162$863$633$459$331
27 years$1,470$1,093$801$579$414$294
28 years$1,402$1,030$745$531$374$261
29 years$1,339$972$693$487$337$232
30 years$1,280$918$645$447$305$206
31 years$1,226$868$602$410$276$183
32 years$1,174$821$561$377$249$163
33 years$1,126$778$524$347$226$145
34 years$1,081$737$490$319$204$129
35 years$1,039$699$458$294$185$115
36 years$999$663$428$270$168$103
37 years$961$630$401$249$152$91
38 years$926$599$375$230$138$82
39 years$892$569$352$212$125$73
40 years$860$542$330$195$113$65
41 years$830$516$309$180$103$58
42 years$801$491$290$166$93$52
43 years$773$468$272$153$85$46
44 years$747$446$255$142$77$41
45 years$722$425$240$131$70$37
46 years$699$406$225$121$63$33
47 years$676$387$212$112$58$29
48 years$655$370$199$103$52$26
49 years$634$353$187$95$47$23
50 years$614$337$176$88$43$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $629,000, adding $3,776 every year, while hoping to spend $21,186 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: 55/17/28 Blend
39$629,000$629,000$629,000$629,000
40$697,053$663,716$653,966$729,802
41$745,611$673,696$653,333$762,780
42$798,411$683,456$651,967$796,180
43$855,865$692,961$649,824$832,132
44$918,423$702,176$646,853$870,888
45$986,583$711,064$643,004$912,728
46$1,060,892$719,583$638,222$957,961
47$1,141,951$727,690$632,450$1,006,928
48$1,230,423$735,340$625,630$1,060,004
49$1,327,036$742,482$617,699$1,117,605
50$1,432,594$749,064$608,592$1,180,190
51$1,547,980$755,030$598,242$1,248,263
52$1,674,168$760,320$586,576$1,322,385
53$1,812,228$764,870$573,521$1,403,170
54$1,963,339$768,613$558,999$1,491,300
55$2,128,802$771,477$542,927$1,587,525
56$2,310,045$773,385$525,221$1,692,674
57$2,508,645$774,256$505,791$1,807,661
58$2,726,335$774,003$484,543$1,933,496
59$2,965,027$772,535$461,381$2,071,291
60$3,226,825$769,754$436,202$2,222,276
61$3,514,046$765,557$408,900$2,387,806
62$3,829,243$759,833$379,362$2,569,376
63$4,175,228$752,468$347,473$2,768,637
64$4,555,099$743,336$313,111$2,987,408
65$4,972,268$732,308$276,149$3,227,698
66$5,430,493$719,245$236,454$3,491,723
67$5,933,915$704,000$193,887$3,781,924
68$6,487,096$686,418$148,304$4,100,998
69$7,095,061$666,334$99,554$4,451,918
70$7,763,347$643,573$47,478$4,837,962
71$8,498,052$617,952$0$5,262,747
72$9,305,896$589,275$0$5,732,680
73$10,194,284$557,335$0$6,265,035
74$11,171,371$521,915$0$6,850,519
75$12,246,146$482,784$0$7,494,535
76$13,428,509$439,696$0$8,203,042
77$14,729,370$392,395$0$8,982,606
78$16,160,751$340,608$0$9,840,463
79$17,735,896$284,046$0$10,784,590
80$19,469,398$222,405$0$11,823,775
81$21,377,338$155,363$0$12,967,709
82$23,477,432$82,582$0$14,227,067
83$25,789,203$3,701$0$15,613,619
84$28,334,162$0$0$17,140,334
85$31,136,013$0$0$18,836,783
86$34,220,874$0$0$20,705,422
87$37,617,523$0$0$22,763,002
88$41,357,674$0$0$25,028,742
89$45,476,269$0$0$27,523,821
90$50,011,815$0$0$30,271,576
91$55,006,740$0$0$33,297,722
92$60,507,801$0$0$36,630,596
93$66,566,516$0$0$40,301,423
94$73,239,658$0$0$44,344,611
95$80,589,786$0$0$48,798,077
96$88,685,838$0$0$53,703,601
97$97,603,777$0$0$59,107,224
98$107,427,314$0$0$65,059,681
99$118,248,692$0$0$71,616,880
100$130,169,560$0$0$78,840,428