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%18.4%
1 years$52,273$51,807$51,353$50,909$50,476$48,763
2 years$25,877$25,396$24,928$24,476$24,036$22,327
3 years$17,080$16,596$16,130$15,682$15,250$13,599
4 years$12,683$12,200$11,739$11,298$10,876$9,296
5 years$10,045$9,565$9,110$8,678$8,268$6,762
6 years$8,287$7,811$7,362$6,940$6,542$5,113
7 years$7,031$6,559$6,118$5,706$5,320$3,967
8 years$6,090$5,622$5,188$4,786$4,414$3,135
9 years$5,359$4,895$4,469$4,077$3,717$2,511
10 years$4,774$4,315$3,896$3,514$3,167$2,033
11 years$4,296$3,841$3,430$3,058$2,724$1,658
12 years$3,897$3,448$3,044$2,683$2,360$1,362
13 years$3,561$3,116$2,720$2,368$2,058$1,123
14 years$3,272$2,832$2,444$2,102$1,804$931
15 years$3,023$2,587$2,206$1,875$1,589$774
16 years$2,804$2,374$2,000$1,679$1,404$645
17 years$2,612$2,186$1,820$1,508$1,245$539
18 years$2,441$2,020$1,662$1,359$1,107$451
19 years$2,289$1,872$1,521$1,228$987$378
20 years$2,151$1,740$1,396$1,112$881$317
21 years$2,027$1,621$1,284$1,010$789$266
22 years$1,915$1,513$1,183$918$707$224
23 years$1,812$1,415$1,093$836$635$188
24 years$1,718$1,326$1,011$763$570$159
25 years$1,632$1,244$936$696$513$134
26 years$1,552$1,169$868$637$462$113
27 years$1,479$1,100$806$583$417$95
28 years$1,411$1,037$749$534$376$80
29 years$1,348$978$697$490$340$67
30 years$1,289$924$650$449$307$57
31 years$1,233$873$606$413$277$48
32 years$1,182$826$565$379$251$41
33 years$1,134$782$528$349$227$34
34 years$1,088$742$493$321$206$29
35 years$1,046$703$461$295$186$24
36 years$1,005$668$431$272$169$21
37 years$967$634$403$251$153$17
38 years$932$603$378$231$139$15
39 years$898$573$354$213$126$12
40 years$865$545$332$197$114$10
41 years$835$519$311$181$103$9
42 years$806$494$292$167$94$7
43 years$778$471$274$154$85$6
44 years$752$449$257$143$77$5
45 years$727$428$241$132$70$4
46 years$703$408$227$122$64$4
47 years$680$390$213$112$58$3
48 years$659$372$200$104$53$3
49 years$638$355$188$96$48$2
50 years$618$339$177$89$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $633,000, adding $2,069 every year, while hoping to spend $21,209 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: 38/33/29 Blend
39$633,000$633,000$633,000$633,000
40$699,700$666,151$656,340$720,185
41$748,503$676,226$655,761$745,533
42$801,574$686,084$654,452$770,823
43$859,324$695,692$652,366$797,754
44$922,208$705,015$649,453$826,491
45$990,727$714,014$645,663$857,213
46$1,065,430$722,649$640,941$890,122
47$1,146,922$730,877$635,231$925,438
48$1,235,870$738,652$628,474$963,408
49$1,333,008$745,925$620,607$1,004,302
50$1,439,143$752,644$611,565$1,048,422
51$1,555,164$758,751$601,281$1,096,100
52$1,682,049$764,189$589,683$1,147,703
53$1,820,878$768,894$576,697$1,203,640
54$1,972,835$772,797$562,244$1,264,360
55$2,139,228$775,829$546,243$1,330,361
56$2,321,496$777,911$528,609$1,402,194
57$2,521,223$778,963$509,252$1,480,468
58$2,740,156$778,900$488,079$1,565,855
59$2,980,214$777,629$464,993$1,659,101
60$3,243,517$775,053$439,891$1,761,027
61$3,532,395$771,070$412,666$1,872,542
62$3,849,416$765,570$383,208$1,994,650
63$4,197,411$758,437$351,400$2,128,462
64$4,579,495$749,548$317,119$2,275,203
65$4,999,100$738,773$280,240$2,436,227
66$5,460,009$725,974$240,629$2,613,031
67$5,966,387$711,004$198,147$2,807,267
68$6,522,824$693,708$152,650$3,020,760
69$7,134,375$673,923$103,987$3,255,526
70$7,806,610$651,474$51,999$3,513,788
71$8,545,666$626,178$0$3,798,004
72$9,358,303$597,840$0$4,111,963
73$10,251,970$566,254$0$4,474,824
74$11,234,874$531,203$0$4,873,840
75$12,316,055$492,456$0$5,312,718
76$13,505,477$449,770$0$5,795,544
77$14,814,114$402,888$0$6,326,825
78$16,254,062$351,537$0$6,911,531
79$17,838,645$295,431$0$7,555,142
80$19,582,546$234,266$0$8,263,702
81$21,501,941$167,721$0$9,043,872
82$23,614,658$95,458$0$9,903,000
83$25,940,336$17,118$0$10,849,186
84$28,500,618$0$0$11,891,362
85$31,319,352$0$0$13,063,951
86$34,422,814$0$0$14,361,940
87$37,839,959$0$0$15,791,235
88$41,602,693$0$0$17,365,197
89$45,746,172$0$0$19,098,545
90$50,309,136$0$0$21,007,501
91$55,334,273$0$0$23,109,939
92$60,868,622$0$0$25,425,555
93$66,964,019$0$0$27,976,054
94$73,677,579$0$0$30,785,352
95$81,072,245$0$0$33,879,805
96$89,217,373$0$0$37,288,453
97$98,189,390$0$0$41,043,300
98$108,072,516$0$0$45,179,611
99$118,959,556$0$0$49,736,248
100$130,952,780$0$0$54,756,034