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%11.8%
1 years$52,025$51,561$51,109$50,668$50,237$49,858
2 years$25,755$25,275$24,810$24,360$23,922$23,540
3 years$16,999$16,518$16,054$15,607$15,177$14,804
4 years$12,622$12,142$11,683$11,244$10,825$10,463
5 years$9,997$9,520$9,067$8,637$8,229$7,879
6 years$8,247$7,773$7,327$6,907$6,511$6,175
7 years$6,998$6,528$6,089$5,678$5,295$4,972
8 years$6,061$5,596$5,164$4,764$4,393$4,083
9 years$5,333$4,872$4,448$4,057$3,699$3,403
10 years$4,751$4,295$3,878$3,498$3,152$2,869
11 years$4,275$3,823$3,414$3,044$2,711$2,440
12 years$3,879$3,432$3,030$2,670$2,349$2,091
13 years$3,544$3,101$2,707$2,357$2,049$1,803
14 years$3,257$2,819$2,432$2,092$1,796$1,562
15 years$3,008$2,575$2,196$1,866$1,581$1,359
16 years$2,791$2,363$1,991$1,671$1,397$1,187
17 years$2,600$2,176$1,812$1,501$1,239$1,039
18 years$2,430$2,011$1,654$1,353$1,102$913
19 years$2,278$1,863$1,514$1,222$982$803
20 years$2,141$1,732$1,389$1,107$877$708
21 years$2,018$1,613$1,278$1,005$785$625
22 years$1,906$1,506$1,178$914$704$553
23 years$1,804$1,408$1,088$832$632$490
24 years$1,710$1,319$1,006$759$568$434
25 years$1,624$1,238$932$693$511$386
26 years$1,545$1,164$864$634$460$343
27 years$1,472$1,095$802$580$415$305
28 years$1,404$1,032$746$531$374$271
29 years$1,341$973$694$487$338$241
30 years$1,282$919$646$447$305$215
31 years$1,228$869$603$411$276$191
32 years$1,176$822$562$378$250$171
33 years$1,128$779$525$347$226$152
34 years$1,083$738$491$319$205$136
35 years$1,041$700$459$294$185$121
36 years$1,001$664$429$271$168$108
37 years$963$631$402$250$152$96
38 years$927$600$376$230$138$86
39 years$893$570$352$212$125$77
40 years$861$543$330$196$114$69
41 years$831$517$310$180$103$61
42 years$802$492$290$167$93$55
43 years$775$469$273$154$85$49
44 years$749$447$256$142$77$44
45 years$724$426$240$131$70$39
46 years$700$406$226$121$63$35
47 years$677$388$212$112$58$31
48 years$656$370$199$103$52$28
49 years$635$354$187$96$48$25
50 years$615$338$176$88$43$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $630,000, adding $2,702 every year, while hoping to spend $44,800 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: 31/46/23 Blend
39$630,000$630,000$630,000$630,000
40$697,047$663,657$653,892$713,627
41$720,479$648,509$628,131$711,321
42$744,800$631,118$600,005$704,644
43$770,052$611,326$569,388$696,538
44$796,283$588,966$536,147$686,907
45$823,541$563,863$500,146$675,650
46$851,879$535,829$461,238$662,660
47$881,355$504,669$419,274$647,827
48$912,029$470,173$374,095$631,033
49$943,966$432,122$325,537$612,155
50$977,236$390,282$273,428$591,063
51$1,011,915$344,406$217,589$567,623
52$1,048,083$294,235$157,831$541,691
53$1,085,829$239,494$93,960$513,119
54$1,125,246$179,892$25,770$481,751
55$1,166,437$115,122$0$447,421
56$1,209,511$44,861$0$421,494
57$1,254,588$0$0$399,754
58$1,301,797$0$0$391,549
59$1,351,277$0$0$406,778
60$1,403,179$0$0$422,781
61$1,457,669$0$0$439,614
62$1,514,926$0$0$457,336
63$1,575,142$0$0$476,011
64$1,638,530$0$0$495,709
65$1,705,319$0$0$516,509
66$1,775,760$0$0$538,492
67$1,850,125$0$0$561,750
68$1,928,713$0$0$586,383
69$2,011,848$0$0$612,500
70$2,099,884$0$0$640,219
71$2,193,209$0$0$669,670
72$2,292,247$0$0$700,997
73$2,397,458$0$0$734,354
74$2,509,351$0$0$769,912
75$2,628,478$0$0$807,857
76$2,755,447$0$0$848,394
77$2,890,920$0$0$891,747
78$3,035,625$0$0$938,163
79$3,190,361$0$0$987,909
80$3,356,000$0$0$1,041,282
81$3,533,501$0$0$1,098,606
82$3,723,915$0$0$1,160,238
83$3,928,397$0$0$1,226,567
84$4,148,213$0$0$1,298,024
85$4,384,751$0$0$1,375,079
86$4,639,540$0$0$1,458,250
87$4,914,254$0$0$1,548,107
88$5,210,736$0$0$1,645,274
89$5,531,009$0$0$1,750,439
90$5,877,296$0$0$1,864,357
91$6,252,042$0$0$1,987,859
92$6,657,932$0$0$2,121,858
93$7,097,920$0$0$2,267,359
94$7,575,256$0$0$2,425,468
95$8,093,509$0$0$2,597,398
96$8,656,611$0$0$2,784,488
97$9,268,882$0$0$2,988,210
98$9,935,077$0$0$3,210,181
99$10,660,429$0$0$3,452,185
100$11,450,694$0$0$3,716,182