Can I retire at age 40 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$52,190$51,725$51,272$50,829$50,397$49,399
2 years$25,837$25,355$24,889$24,437$23,998$22,998
3 years$17,053$16,570$16,105$15,657$15,226$14,253
4 years$12,663$12,181$11,720$11,280$10,859$9,922
5 years$10,029$9,550$9,095$8,664$8,255$7,356
6 years$8,273$7,798$7,350$6,929$6,532$5,672
7 years$7,020$6,549$6,108$5,697$5,312$4,491
8 years$6,081$5,614$5,180$4,779$4,407$3,625
9 years$5,350$4,888$4,462$4,070$3,711$2,968
10 years$4,766$4,308$3,890$3,509$3,162$2,457
11 years$4,289$3,835$3,425$3,054$2,720$2,051
12 years$3,891$3,442$3,039$2,678$2,357$1,724
13 years$3,555$3,111$2,715$2,365$2,055$1,458
14 years$3,267$2,828$2,440$2,099$1,801$1,238
15 years$3,018$2,583$2,203$1,872$1,586$1,055
16 years$2,800$2,370$1,997$1,676$1,402$903
17 years$2,608$2,183$1,817$1,506$1,243$774
18 years$2,437$2,017$1,659$1,357$1,105$665
19 years$2,285$1,869$1,519$1,226$985$573
20 years$2,148$1,737$1,394$1,111$880$494
21 years$2,024$1,618$1,282$1,008$787$426
22 years$1,912$1,510$1,182$917$706$369
23 years$1,809$1,413$1,091$835$634$319
24 years$1,716$1,323$1,009$761$569$276
25 years$1,629$1,242$935$695$512$240
26 years$1,550$1,167$867$636$462$208
27 years$1,477$1,099$805$582$416$180
28 years$1,409$1,035$748$533$376$157
29 years$1,345$977$696$489$339$136
30 years$1,286$922$649$449$306$118
31 years$1,231$872$605$412$277$103
32 years$1,180$825$564$379$251$89
33 years$1,132$781$527$348$227$78
34 years$1,087$740$492$320$205$68
35 years$1,044$702$460$295$186$59
36 years$1,004$667$430$272$168$51
37 years$966$633$403$250$153$45
38 years$930$602$377$231$138$39
39 years$896$572$353$213$126$34
40 years$864$544$331$196$114$29
41 years$834$518$311$181$103$26
42 years$805$493$291$167$94$22
43 years$777$470$273$154$85$19
44 years$751$448$257$142$77$17
45 years$726$427$241$132$70$15
46 years$702$408$226$121$64$13
47 years$679$389$213$112$58$11
48 years$658$371$200$104$52$10
49 years$637$355$188$96$48$8
50 years$617$339$177$89$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $632,000, adding $2,608 every year, while hoping to spend $35,166 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: 31/50/19 Blend
39$632,000$632,000$632,000$632,000
40$699,154$665,658$655,862$716,603
41$733,052$660,859$640,417$725,139
42$769,228$654,646$623,276$730,947
43$807,878$646,913$604,345$736,453
44$849,217$637,547$583,526$741,653
45$893,479$626,429$560,716$746,544
46$940,921$613,431$535,807$751,126
47$991,826$598,420$508,688$755,404
48$1,046,504$581,254$479,240$759,386
49$1,105,295$561,783$447,342$763,085
50$1,168,571$539,847$412,865$766,520
51$1,236,744$515,278$375,674$769,717
52$1,310,263$487,898$335,630$772,709
53$1,389,623$457,518$292,587$775,537
54$1,475,368$423,940$246,392$778,254
55$1,568,096$386,952$196,886$780,920
56$1,668,461$346,333$143,902$783,612
57$1,777,188$301,847$87,266$786,418
58$1,895,068$253,245$26,797$789,443
59$2,022,976$200,264$0$792,811
60$2,161,870$142,628$0$804,316
61$2,312,807$80,043$0$822,769
62$2,476,948$12,200$0$842,966
63$2,655,571$0$0$865,171
64$2,850,081$0$0$923,372
65$3,062,026$0$0$994,193
66$3,293,108$0$0$1,071,502
67$3,545,202$0$0$1,155,937
68$3,820,370$0$0$1,248,202
69$4,120,881$0$0$1,349,070
70$4,449,236$0$0$1,459,394
71$4,808,186$0$0$1,580,111
72$5,200,761$0$0$1,712,254
73$5,630,295$0$0$1,856,962
74$6,100,462$0$0$2,015,488
75$6,615,307$0$0$2,189,209
76$7,179,282$0$0$2,379,647
77$7,797,293$0$0$2,588,474
78$8,474,742$0$0$2,817,534
79$9,217,577$0$0$3,068,857
80$10,032,351$0$0$3,344,679
81$10,926,282$0$0$3,647,462
82$11,907,318$0$0$3,979,921
83$12,984,217$0$0$4,345,044
84$14,166,624$0$0$4,746,123
85$15,465,163$0$0$5,186,785
86$16,891,540$0$0$5,671,027
87$18,458,649$0$0$6,203,249
88$20,180,694$0$0$6,788,303
89$22,073,325$0$0$7,431,530
90$24,153,782$0$0$8,138,817
91$26,441,057$0$0$8,916,649
92$28,956,078$0$0$9,772,172
93$31,721,899$0$0$10,713,258
94$34,763,922$0$0$11,748,581
95$38,110,132$0$0$12,887,698
96$41,791,364$0$0$14,141,139
97$45,841,594$0$0$15,520,506
98$50,298,253$0$0$17,038,583
99$55,202,587$0$0$18,709,456
100$60,600,041$0$0$20,548,646