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%12.3%
1 years$52,025$51,561$51,109$50,668$50,237$49,754
2 years$25,755$25,275$24,810$24,360$23,922$23,436
3 years$16,999$16,518$16,054$15,607$15,177$14,702
4 years$12,622$12,142$11,683$11,244$10,825$10,365
5 years$9,997$9,520$9,067$8,637$8,229$7,785
6 years$8,247$7,773$7,327$6,907$6,511$6,085
7 years$6,998$6,528$6,089$5,678$5,295$4,886
8 years$6,061$5,596$5,164$4,764$4,393$4,001
9 years$5,333$4,872$4,448$4,057$3,699$3,325
10 years$4,751$4,295$3,878$3,498$3,152$2,794
11 years$4,275$3,823$3,414$3,044$2,711$2,370
12 years$3,879$3,432$3,030$2,670$2,349$2,024
13 years$3,544$3,101$2,707$2,357$2,049$1,740
14 years$3,257$2,819$2,432$2,092$1,796$1,502
15 years$3,008$2,575$2,196$1,866$1,581$1,303
16 years$2,791$2,363$1,991$1,671$1,397$1,134
17 years$2,600$2,176$1,812$1,501$1,239$989
18 years$2,430$2,011$1,654$1,353$1,102$866
19 years$2,278$1,863$1,514$1,222$982$759
20 years$2,141$1,732$1,389$1,107$877$667
21 years$2,018$1,613$1,278$1,005$785$587
22 years$1,906$1,506$1,178$914$704$517
23 years$1,804$1,408$1,088$832$632$456
24 years$1,710$1,319$1,006$759$568$403
25 years$1,624$1,238$932$693$511$356
26 years$1,545$1,164$864$634$460$315
27 years$1,472$1,095$802$580$415$279
28 years$1,404$1,032$746$531$374$247
29 years$1,341$973$694$487$338$219
30 years$1,282$919$646$447$305$195
31 years$1,228$869$603$411$276$173
32 years$1,176$822$562$378$250$153
33 years$1,128$779$525$347$226$136
34 years$1,083$738$491$319$205$121
35 years$1,041$700$459$294$185$107
36 years$1,001$664$429$271$168$95
37 years$963$631$402$250$152$85
38 years$927$600$376$230$138$75
39 years$893$570$352$212$125$67
40 years$861$543$330$196$114$60
41 years$831$517$310$180$103$53
42 years$802$492$290$167$93$47
43 years$775$469$273$154$85$42
44 years$749$447$256$142$77$37
45 years$724$426$240$131$70$33
46 years$700$406$226$121$63$30
47 years$677$388$212$112$58$26
48 years$656$370$199$103$52$23
49 years$635$354$187$96$48$21
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 $2,380 every year, while hoping to spend $41,435 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: 39/38/23 Blend
39$630,000$630,000$630,000$630,000
40$696,715$663,325$653,560$719,041
41$723,693$651,741$631,368$723,820
42$752,035$638,201$607,043$724,913
43$781,835$622,566$580,472$725,266
44$813,197$604,686$551,532$724,836
45$846,233$584,406$520,099$723,579
46$881,067$561,561$486,041$721,452
47$917,833$535,974$449,220$718,408
48$956,676$507,460$409,493$714,403
49$997,755$475,825$366,709$709,392
50$1,041,245$440,859$320,713$703,329
51$1,087,335$402,344$271,339$696,170
52$1,136,232$360,048$218,418$687,871
53$1,188,164$313,726$161,771$678,389
54$1,243,378$263,119$101,212$667,684
55$1,302,145$207,955$36,545$655,717
56$1,364,762$147,944$0$642,452
57$1,431,556$82,780$0$635,826
58$1,502,881$12,143$0$637,931
59$1,579,128$0$0$639,822
60$1,660,726$0$0$668,430
61$1,748,144$0$0$704,572
62$1,841,895$0$0$743,393
63$1,942,546$0$0$785,131
64$2,050,716$0$0$830,054
65$2,167,084$0$0$878,451
66$2,292,400$0$0$930,642
67$2,427,481$0$0$986,978
68$2,573,231$0$0$1,047,845
69$2,730,639$0$0$1,113,666
70$2,900,793$0$0$1,184,908
71$3,084,889$0$0$1,262,082
72$3,284,242$0$0$1,345,752
73$3,500,297$0$0$1,436,537
74$3,734,642$0$0$1,535,117
75$3,989,026$0$0$1,642,243
76$4,265,371$0$0$1,758,737
77$4,565,792$0$0$1,885,507
78$4,892,614$0$0$2,023,550
79$5,248,397$0$0$2,173,964
80$5,635,956$0$0$2,337,956
81$6,058,392$0$0$2,516,856
82$6,519,115$0$0$2,712,128
83$7,021,879$0$0$2,925,381
84$7,570,815$0$0$3,158,390
85$8,170,474$0$0$3,413,106
86$8,825,862$0$0$3,691,679
87$9,542,492$0$0$3,996,476
88$10,326,435$0$0$4,330,101
89$11,184,374$0$0$4,695,424
90$12,123,670$0$0$5,095,605
91$13,152,426$0$0$5,534,125
92$14,279,567$0$0$6,014,814
93$15,514,924$0$0$6,541,894
94$16,869,320$0$0$7,120,014
95$18,354,678$0$0$7,754,294
96$19,984,131$0$0$8,450,373
97$21,772,142$0$0$9,214,465
98$23,734,643$0$0$10,053,412
99$25,889,185$0$0$10,974,752
100$28,255,098$0$0$11,986,789