Can I retire at age 40 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$52,273$51,807$51,353$50,909$50,476$49,336
2 years$25,877$25,396$24,928$24,476$24,036$22,894
3 years$17,080$16,596$16,130$15,682$15,250$14,140
4 years$12,683$12,200$11,739$11,298$10,876$9,809
5 years$10,045$9,565$9,110$8,678$8,268$7,245
6 years$8,287$7,811$7,362$6,940$6,542$5,565
7 years$7,031$6,559$6,118$5,706$5,320$4,390
8 years$6,090$5,622$5,188$4,786$4,414$3,529
9 years$5,359$4,895$4,469$4,077$3,717$2,877
10 years$4,774$4,315$3,896$3,514$3,167$2,371
11 years$4,296$3,841$3,430$3,058$2,724$1,971
12 years$3,897$3,448$3,044$2,683$2,360$1,649
13 years$3,561$3,116$2,720$2,368$2,058$1,388
14 years$3,272$2,832$2,444$2,102$1,804$1,173
15 years$3,023$2,587$2,206$1,875$1,589$995
16 years$2,804$2,374$2,000$1,679$1,404$847
17 years$2,612$2,186$1,820$1,508$1,245$722
18 years$2,441$2,020$1,662$1,359$1,107$618
19 years$2,289$1,872$1,521$1,228$987$529
20 years$2,151$1,740$1,396$1,112$881$454
21 years$2,027$1,621$1,284$1,010$789$390
22 years$1,915$1,513$1,183$918$707$335
23 years$1,812$1,415$1,093$836$635$289
24 years$1,718$1,326$1,011$763$570$249
25 years$1,632$1,244$936$696$513$214
26 years$1,552$1,169$868$637$462$185
27 years$1,479$1,100$806$583$417$159
28 years$1,411$1,037$749$534$376$138
29 years$1,348$978$697$490$340$119
30 years$1,289$924$650$449$307$103
31 years$1,233$873$606$413$277$89
32 years$1,182$826$565$379$251$77
33 years$1,134$782$528$349$227$66
34 years$1,088$742$493$321$206$57
35 years$1,046$703$461$295$186$50
36 years$1,005$668$431$272$169$43
37 years$967$634$403$251$153$37
38 years$932$603$378$231$139$32
39 years$898$573$354$213$126$28
40 years$865$545$332$197$114$24
41 years$835$519$311$181$103$21
42 years$806$494$292$167$94$18
43 years$778$471$274$154$85$16
44 years$752$449$257$143$77$14
45 years$727$428$241$132$70$12
46 years$703$408$227$122$64$10
47 years$680$390$213$112$58$9
48 years$659$372$200$104$53$8
49 years$638$355$188$96$48$7
50 years$618$339$177$89$43$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $633,000, adding $6,541 every year, while hoping to spend $26,240 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: 49/29/22 Blend
39$633,000$633,000$633,000$633,000
40$704,313$670,764$660,953$734,166
41$748,234$675,712$655,175$760,555
42$795,755$680,024$648,325$786,032
43$847,216$683,639$640,338$813,169
44$902,991$686,496$631,148$842,133
45$963,489$688,527$620,685$873,109
46$1,029,163$689,663$608,875$906,303
47$1,100,508$689,827$595,643$941,943
48$1,178,071$688,940$580,909$980,281
49$1,262,453$686,917$564,588$1,021,597
50$1,354,315$683,667$546,593$1,066,202
51$1,454,384$679,096$526,833$1,114,437
52$1,563,461$673,101$505,212$1,166,682
53$1,682,427$665,576$481,629$1,223,359
54$1,812,251$656,406$455,980$1,284,931
55$1,954,001$645,471$428,156$1,351,914
56$2,108,853$632,642$398,042$1,424,878
57$2,278,098$617,784$365,519$1,504,453
58$2,463,162$600,753$330,462$1,591,335
59$2,665,613$581,398$292,741$1,686,297
60$2,887,176$559,557$252,219$1,790,189
61$3,129,754$535,061$208,754$1,903,955
62$3,395,439$507,730$162,197$2,028,637
63$3,686,538$477,372$112,395$2,165,386
64$4,005,588$443,787$59,184$2,315,476
65$4,355,387$406,762$2,395$2,480,313
66$4,739,014$366,070$0$2,661,452
67$5,159,861$321,476$0$2,874,275
68$5,621,665$272,726$0$3,108,503
69$6,128,542$219,557$0$3,365,715
70$6,685,024$161,685$0$3,648,272
71$7,296,105$98,817$0$3,958,782
72$7,967,286$30,638$0$4,300,118
73$8,704,628$0$0$4,675,453
74$9,514,807$0$0$5,102,064
75$10,405,176$0$0$5,581,720
76$11,383,838$0$0$6,109,017
77$12,459,719$0$0$6,688,774
78$13,642,655$0$0$7,326,300
79$14,943,480$0$0$8,027,444
80$16,374,130$0$0$8,798,652
81$17,947,760$0$0$9,647,025
82$19,678,858$0$0$10,580,384
83$21,583,393$0$0$11,607,352
84$23,678,954$0$0$12,737,425
85$25,984,925$0$0$13,981,068
86$28,522,663$0$0$15,349,812
87$31,315,700$0$0$16,856,363
88$34,389,963$0$0$18,514,719
89$37,774,024$0$0$20,340,306
90$41,499,361$0$0$22,350,121
91$45,600,663$0$0$24,562,892
92$50,116,152$0$0$26,999,258
93$55,087,943$0$0$29,681,959
94$60,562,445$0$0$32,636,051
95$66,590,796$0$0$35,889,146
96$73,229,344$0$0$39,471,670
97$80,540,183$0$0$43,417,149
98$88,591,732$0$0$47,762,527
99$97,459,388$0$0$52,548,514
100$107,226,230$0$0$57,819,969