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%17.6%
1 years$52,273$51,807$51,353$50,909$50,476$48,919
2 years$25,877$25,396$24,928$24,476$24,036$22,481
3 years$17,080$16,596$16,130$15,682$15,250$13,745
4 years$12,683$12,200$11,739$11,298$10,876$9,434
5 years$10,045$9,565$9,110$8,678$8,268$6,892
6 years$8,287$7,811$7,362$6,940$6,542$5,234
7 years$7,031$6,559$6,118$5,706$5,320$4,079
8 years$6,090$5,622$5,188$4,786$4,414$3,239
9 years$5,359$4,895$4,469$4,077$3,717$2,607
10 years$4,774$4,315$3,896$3,514$3,167$2,121
11 years$4,296$3,841$3,430$3,058$2,724$1,740
12 years$3,897$3,448$3,044$2,683$2,360$1,436
13 years$3,561$3,116$2,720$2,368$2,058$1,191
14 years$3,272$2,832$2,444$2,102$1,804$992
15 years$3,023$2,587$2,206$1,875$1,589$830
16 years$2,804$2,374$2,000$1,679$1,404$695
17 years$2,612$2,186$1,820$1,508$1,245$584
18 years$2,441$2,020$1,662$1,359$1,107$492
19 years$2,289$1,872$1,521$1,228$987$415
20 years$2,151$1,740$1,396$1,112$881$350
21 years$2,027$1,621$1,284$1,010$789$296
22 years$1,915$1,513$1,183$918$707$250
23 years$1,812$1,415$1,093$836$635$212
24 years$1,718$1,326$1,011$763$570$180
25 years$1,632$1,244$936$696$513$152
26 years$1,552$1,169$868$637$462$129
27 years$1,479$1,100$806$583$417$110
28 years$1,411$1,037$749$534$376$93
29 years$1,348$978$697$490$340$79
30 years$1,289$924$650$449$307$67
31 years$1,233$873$606$413$277$57
32 years$1,182$826$565$379$251$48
33 years$1,134$782$528$349$227$41
34 years$1,088$742$493$321$206$35
35 years$1,046$703$461$295$186$30
36 years$1,005$668$431$272$169$25
37 years$967$634$403$251$153$21
38 years$932$603$378$231$139$18
39 years$898$573$354$213$126$15
40 years$865$545$332$197$114$13
41 years$835$519$311$181$103$11
42 years$806$494$292$167$94$10
43 years$778$471$274$154$85$8
44 years$752$449$257$143$77$7
45 years$727$428$241$132$70$6
46 years$703$408$227$122$64$5
47 years$680$390$213$112$58$4
48 years$659$372$200$104$53$4
49 years$638$355$188$96$48$3
50 years$618$339$177$89$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $633,000, adding $3,612 every year, while hoping to spend $47,573 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: 54/25/21 Blend
39$633,000$633,000$633,000$633,000
40$701,292$667,743$657,931$734,957
41$722,206$649,845$629,355$740,548
42$743,660$629,476$598,226$741,336
43$765,656$606,463$564,410$741,174
44$788,200$580,627$527,765$739,987
45$811,294$551,775$488,143$737,693
46$834,938$519,704$445,388$734,208
47$859,132$484,200$399,338$729,438
48$883,873$445,036$349,826$723,287
49$909,157$401,971$296,674$715,651
50$934,976$354,753$239,697$706,418
51$961,321$303,113$178,705$695,473
52$988,179$246,769$113,495$682,688
53$1,015,534$185,421$43,857$667,930
54$1,043,366$118,754$0$651,059
55$1,071,650$46,434$0$638,746
56$1,100,358$0$0$634,938
57$1,129,455$0$0$638,451
58$1,158,901$0$0$654,914
59$1,188,649$0$0$671,522
60$1,218,645$0$0$688,244
61$1,248,827$0$0$705,041
62$1,279,122$0$0$721,868
63$1,309,449$0$0$738,677
64$1,339,715$0$0$755,410
65$1,369,814$0$0$772,004
66$1,399,627$0$0$788,386
67$1,429,019$0$0$804,475
68$1,457,837$0$0$820,178
69$1,485,912$0$0$835,393
70$1,513,050$0$0$850,004
71$1,539,037$0$0$863,881
72$1,563,632$0$0$876,880
73$1,586,565$0$0$888,838
74$1,607,536$0$0$899,576
75$1,626,209$0$0$908,891
76$1,642,209$0$0$916,560
77$1,655,121$0$0$922,332
78$1,664,480$0$0$925,929
79$1,669,771$0$0$927,044
80$1,670,420$0$0$925,332
81$1,665,791$0$0$920,413
82$1,655,176$0$0$911,864
83$1,637,793$0$0$899,217
84$1,612,770$0$0$881,951
85$1,579,145$0$0$859,492
86$1,535,849$0$0$831,200
87$1,481,699$0$0$796,370
88$1,415,386$0$0$754,219
89$1,335,459$0$0$703,883
90$1,240,314$0$0$644,403
91$1,128,177$0$0$574,721
92$997,084$0$0$493,667
93$844,865$0$0$399,944
94$669,121$0$0$292,124
95$467,201$0$0$168,625
96$236,175$0$0$27,700
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0