Can I retire at age 40 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$52,025$51,561$51,109$50,668$50,237$49,775
2 years$25,755$25,275$24,810$24,360$23,922$23,456
3 years$16,999$16,518$16,054$15,607$15,177$14,722
4 years$12,622$12,142$11,683$11,244$10,825$10,384
5 years$9,997$9,520$9,067$8,637$8,229$7,804
6 years$8,247$7,773$7,327$6,907$6,511$6,103
7 years$6,998$6,528$6,089$5,678$5,295$4,903
8 years$6,061$5,596$5,164$4,764$4,393$4,017
9 years$5,333$4,872$4,448$4,057$3,699$3,340
10 years$4,751$4,295$3,878$3,498$3,152$2,809
11 years$4,275$3,823$3,414$3,044$2,711$2,384
12 years$3,879$3,432$3,030$2,670$2,349$2,038
13 years$3,544$3,101$2,707$2,357$2,049$1,752
14 years$3,257$2,819$2,432$2,092$1,796$1,514
15 years$3,008$2,575$2,196$1,866$1,581$1,314
16 years$2,791$2,363$1,991$1,671$1,397$1,144
17 years$2,600$2,176$1,812$1,501$1,239$999
18 years$2,430$2,011$1,654$1,353$1,102$875
19 years$2,278$1,863$1,514$1,222$982$768
20 years$2,141$1,732$1,389$1,107$877$675
21 years$2,018$1,613$1,278$1,005$785$594
22 years$1,906$1,506$1,178$914$704$524
23 years$1,804$1,408$1,088$832$632$463
24 years$1,710$1,319$1,006$759$568$409
25 years$1,624$1,238$932$693$511$362
26 years$1,545$1,164$864$634$460$321
27 years$1,472$1,095$802$580$415$284
28 years$1,404$1,032$746$531$374$252
29 years$1,341$973$694$487$338$223
30 years$1,282$919$646$447$305$198
31 years$1,228$869$603$411$276$176
32 years$1,176$822$562$378$250$157
33 years$1,128$779$525$347$226$139
34 years$1,083$738$491$319$205$124
35 years$1,041$700$459$294$185$110
36 years$1,001$664$429$271$168$98
37 years$963$631$402$250$152$87
38 years$927$600$376$230$138$77
39 years$893$570$352$212$125$69
40 years$861$543$330$196$114$61
41 years$831$517$310$180$103$55
42 years$802$492$290$167$93$49
43 years$775$469$273$154$85$43
44 years$749$447$256$142$77$39
45 years$724$426$240$131$70$34
46 years$700$406$226$121$63$31
47 years$677$388$212$112$58$27
48 years$656$370$199$103$52$24
49 years$635$354$187$96$48$22
50 years$615$338$176$88$43$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $630,000, adding $6,615 every year, while hoping to spend $47,727 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: 68/25/7 Blend
39$630,000$630,000$630,000$630,000
40$701,083$667,693$657,928$747,491
41$721,813$649,629$629,188$761,045
42$743,057$629,080$597,885$769,445
43$764,818$605,874$563,883$777,345
44$787,097$579,830$527,041$784,687
45$809,892$550,753$487,208$791,409
46$833,202$518,441$444,230$797,446
47$857,021$482,677$397,945$802,724
48$881,344$443,234$348,182$807,168
49$906,159$399,872$294,765$810,695
50$931,456$352,334$237,508$813,214
51$957,219$300,352$176,219$814,631
52$983,428$243,642$110,695$814,842
53$1,010,060$181,903$40,726$813,735
54$1,037,088$114,818$0$811,191
55$1,064,479$42,053$0$809,617
56$1,092,195$0$0$809,749
57$1,120,190$0$0$818,520
58$1,148,414$0$0$839,011
59$1,176,806$0$0$859,608
60$1,205,299$0$0$880,259
61$1,233,814$0$0$900,904
62$1,262,264$0$0$921,478
63$1,290,547$0$0$941,903
64$1,318,551$0$0$962,095
65$1,346,146$0$0$981,955
66$1,373,189$0$0$1,001,376
67$1,399,517$0$0$1,020,235
68$1,424,948$0$0$1,038,394
69$1,449,277$0$0$1,055,699
70$1,472,276$0$0$1,071,978
71$1,493,688$0$0$1,087,038
72$1,513,229$0$0$1,100,664
73$1,530,579$0$0$1,112,617
74$1,545,384$0$0$1,122,629
75$1,557,247$0$0$1,130,403
76$1,565,728$0$0$1,135,608
77$1,570,338$0$0$1,137,876
78$1,570,533$0$0$1,136,798
79$1,565,709$0$0$1,131,919
80$1,555,194$0$0$1,122,737
81$1,538,245$0$0$1,108,692
82$1,514,037$0$0$1,089,165
83$1,481,654$0$0$1,063,469
84$1,440,084$0$0$1,030,843
85$1,388,203$0$0$990,445
86$1,324,770$0$0$941,341
87$1,248,408$0$0$882,499
88$1,157,595$0$0$812,778
89$1,050,647$0$0$730,913
90$925,702$0$0$635,508
91$780,702$0$0$525,018
92$613,369$0$0$397,736
93$421,190$0$0$251,774
94$201,384$0$0$85,049
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