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%12.4%
1 years$52,025$51,561$51,109$50,668$50,237$49,733
2 years$25,755$25,275$24,810$24,360$23,922$23,415
3 years$16,999$16,518$16,054$15,607$15,177$14,682
4 years$12,622$12,142$11,683$11,244$10,825$10,345
5 years$9,997$9,520$9,067$8,637$8,229$7,767
6 years$8,247$7,773$7,327$6,907$6,511$6,067
7 years$6,998$6,528$6,089$5,678$5,295$4,869
8 years$6,061$5,596$5,164$4,764$4,393$3,985
9 years$5,333$4,872$4,448$4,057$3,699$3,309
10 years$4,751$4,295$3,878$3,498$3,152$2,780
11 years$4,275$3,823$3,414$3,044$2,711$2,356
12 years$3,879$3,432$3,030$2,670$2,349$2,011
13 years$3,544$3,101$2,707$2,357$2,049$1,727
14 years$3,257$2,819$2,432$2,092$1,796$1,491
15 years$3,008$2,575$2,196$1,866$1,581$1,292
16 years$2,791$2,363$1,991$1,671$1,397$1,123
17 years$2,600$2,176$1,812$1,501$1,239$980
18 years$2,430$2,011$1,654$1,353$1,102$857
19 years$2,278$1,863$1,514$1,222$982$751
20 years$2,141$1,732$1,389$1,107$877$659
21 years$2,018$1,613$1,278$1,005$785$579
22 years$1,906$1,506$1,178$914$704$510
23 years$1,804$1,408$1,088$832$632$450
24 years$1,710$1,319$1,006$759$568$397
25 years$1,624$1,238$932$693$511$351
26 years$1,545$1,164$864$634$460$310
27 years$1,472$1,095$802$580$415$274
28 years$1,404$1,032$746$531$374$243
29 years$1,341$973$694$487$338$215
30 years$1,282$919$646$447$305$191
31 years$1,228$869$603$411$276$169
32 years$1,176$822$562$378$250$150
33 years$1,128$779$525$347$226$133
34 years$1,083$738$491$319$205$118
35 years$1,041$700$459$294$185$105
36 years$1,001$664$429$271$168$93
37 years$963$631$402$250$152$83
38 years$927$600$376$230$138$73
39 years$893$570$352$212$125$65
40 years$861$543$330$196$114$58
41 years$831$517$310$180$103$52
42 years$802$492$290$167$93$46
43 years$775$469$273$154$85$41
44 years$749$447$256$142$77$36
45 years$724$426$240$131$70$32
46 years$700$406$226$121$63$29
47 years$677$388$212$112$58$25
48 years$656$370$199$103$52$23
49 years$635$354$187$96$48$20
50 years$615$338$176$88$43$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $630,000, adding $5,246 every year, while hoping to spend $32,415 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: 83/11/6 Blend
39$630,000$630,000$630,000$630,000
40$699,671$666,281$656,516$757,056
41$736,548$664,440$644,020$793,472
42$776,101$661,422$630,019$828,532
43$818,567$657,135$614,428$866,016
44$864,208$651,482$597,160$906,146
45$913,313$644,360$578,120$949,167
46$966,196$635,659$557,212$995,350
47$1,023,205$625,263$534,336$1,044,992
48$1,084,720$613,049$509,384$1,098,421
49$1,151,160$598,887$482,247$1,155,999
50$1,222,984$582,639$452,808$1,218,121
51$1,300,698$564,158$420,947$1,285,227
52$1,384,858$543,290$386,537$1,357,799
53$1,476,073$519,871$349,446$1,436,369
54$1,575,017$493,729$309,537$1,521,522
55$1,682,427$464,680$266,664$1,613,905
56$1,799,115$432,530$220,678$1,714,228
57$1,925,976$397,075$171,422$1,823,276
58$2,063,992$358,098$118,731$1,941,914
59$2,214,245$315,371$62,435$2,071,092
60$2,377,925$268,651$2,354$2,211,862
61$2,556,342$217,684$0$2,365,381
62$2,750,938$162,199$0$2,536,877
63$2,963,299$101,912$0$2,724,221
64$3,195,171$36,521$0$2,928,824
65$3,448,476$0$0$3,152,408
66$3,725,332$0$0$3,401,022
67$4,028,069$0$0$3,677,721
68$4,359,251$0$0$3,980,433
69$4,721,704$0$0$4,311,740
70$5,118,538$0$0$4,674,487
71$5,553,178$0$0$5,071,807
72$6,029,398$0$0$5,507,151
73$6,551,350$0$0$5,984,317
74$7,123,610$0$0$6,507,490
75$7,751,218$0$0$7,081,280
76$8,439,722$0$0$7,710,762
77$9,195,238$0$0$8,401,527
78$10,024,498$0$0$9,159,735
79$10,934,920$0$0$9,992,170
80$11,934,675$0$0$10,906,304
81$13,032,763$0$0$11,910,371
82$14,239,100$0$0$13,013,438
83$15,564,609$0$0$14,225,497
84$17,021,322$0$0$15,557,554
85$18,622,498$0$0$17,021,733
86$20,382,741$0$0$18,631,395
87$22,318,143$0$0$20,401,255
88$24,446,431$0$0$22,347,528
89$26,787,137$0$0$24,488,081
90$29,361,782$0$0$26,842,594
91$32,194,074$0$0$29,432,754
92$35,310,138$0$0$32,282,456
93$38,738,756$0$0$35,418,026
94$42,511,644$0$0$38,868,470
95$46,663,745$0$0$42,665,751
96$51,233,561$0$0$46,845,084
97$56,263,517$0$0$51,445,273
98$61,800,359$0$0$56,509,075
99$67,895,595$0$0$62,083,600
100$74,605,980$0$0$68,220,760