Can I retire at age 40 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$52,603$52,134$51,677$51,231$50,795$49,892
2 years$26,041$25,556$25,086$24,630$24,188$23,281
3 years$17,188$16,701$16,232$15,781$15,346$14,464
4 years$12,763$12,277$11,813$11,369$10,945$10,094
5 years$10,108$9,625$9,167$8,733$8,320$7,503
6 years$8,339$7,860$7,409$6,984$6,583$5,801
7 years$7,076$6,601$6,157$5,742$5,354$4,607
8 years$6,129$5,658$5,221$4,816$4,442$3,729
9 years$5,393$4,926$4,497$4,103$3,741$3,062
10 years$4,804$4,342$3,921$3,536$3,187$2,543
11 years$4,323$3,866$3,452$3,078$2,741$2,130
12 years$3,922$3,470$3,063$2,700$2,375$1,796
13 years$3,583$3,136$2,737$2,383$2,071$1,523
14 years$3,293$2,850$2,459$2,116$1,816$1,298
15 years$3,042$2,604$2,220$1,887$1,599$1,110
16 years$2,822$2,389$2,013$1,689$1,413$953
17 years$2,629$2,200$1,832$1,518$1,253$820
18 years$2,457$2,033$1,672$1,368$1,114$707
19 years$2,303$1,884$1,531$1,236$993$611
20 years$2,165$1,751$1,405$1,120$887$529
21 years$2,040$1,631$1,292$1,016$794$459
22 years$1,927$1,522$1,191$924$711$398
23 years$1,824$1,424$1,100$841$639$346
24 years$1,729$1,334$1,017$767$574$301
25 years$1,642$1,252$942$701$516$262
26 years$1,562$1,177$874$641$465$228
27 years$1,488$1,107$811$586$419$199
28 years$1,420$1,043$754$537$378$173
29 years$1,356$984$702$493$342$151
30 years$1,297$930$654$452$309$132
31 years$1,241$879$609$415$279$115
32 years$1,189$831$569$382$253$100
33 years$1,141$787$531$351$229$88
34 years$1,095$746$496$323$207$77
35 years$1,052$708$464$297$187$67
36 years$1,012$672$434$274$170$59
37 years$974$638$406$252$154$51
38 years$937$606$380$233$140$45
39 years$903$577$356$214$127$39
40 years$871$549$334$198$115$34
41 years$840$522$313$182$104$30
42 years$811$497$294$168$94$26
43 years$783$474$276$155$86$23
44 years$757$452$259$144$78$20
45 years$732$431$243$133$71$17
46 years$708$411$228$122$64$15
47 years$685$392$214$113$58$13
48 years$663$374$201$105$53$12
49 years$642$357$189$97$48$10
50 years$622$341$178$89$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $637,000, adding $3,269 every year, while hoping to spend $45,510 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: 36/41/23 Blend
39$637,000$637,000$637,000$637,000
40$705,346$671,585$661,711$725,741
41$728,869$656,070$635,457$725,501
42$753,266$638,270$606,797$720,810
43$778,578$618,025$575,603$714,831
44$804,849$595,164$541,742$707,477
45$832,126$569,509$505,073$698,656
46$860,458$540,870$465,448$688,271
47$889,899$509,047$422,715$676,221
48$920,506$473,827$376,713$662,399
49$952,339$434,987$327,274$646,694
50$985,465$392,288$274,225$628,987
51$1,019,953$345,481$217,382$609,156
52$1,055,879$294,300$156,555$587,072
53$1,093,324$238,466$91,545$562,598
54$1,132,375$177,683$22,144$535,594
55$1,173,126$111,639$0$505,911
56$1,215,680$40,004$0$486,136
57$1,260,145$0$0$469,992
58$1,306,641$0$0$468,878
59$1,355,295$0$0$486,621
60$1,406,245$0$0$505,226
61$1,459,644$0$0$524,751
62$1,515,652$0$0$545,260
63$1,574,448$0$0$566,820
64$1,636,223$0$0$589,507
65$1,701,187$0$0$613,402
66$1,769,566$0$0$638,592
67$1,841,608$0$0$665,175
68$1,917,582$0$0$693,254
69$1,997,781$0$0$722,945
70$2,082,525$0$0$754,372
71$2,172,165$0$0$787,671
72$2,267,079$0$0$822,993
73$2,367,686$0$0$860,499
74$2,474,440$0$0$900,368
75$2,587,838$0$0$942,794
76$2,708,424$0$0$987,992
77$2,836,793$0$0$1,036,194
78$2,973,598$0$0$1,087,657
79$3,119,552$0$0$1,142,660
80$3,275,436$0$0$1,201,512
81$3,442,107$0$0$1,264,550
82$3,620,506$0$0$1,332,143
83$3,811,661$0$0$1,404,696
84$4,016,702$0$0$1,482,655
85$4,236,870$0$0$1,566,508
86$4,473,524$0$0$1,656,792
87$4,728,159$0$0$1,754,095
88$5,002,414$0$0$1,859,065
89$5,298,091$0$0$1,972,413
90$5,617,167$0$0$2,094,919
91$5,961,818$0$0$2,227,443
92$6,334,431$0$0$2,370,928
93$6,737,633$0$0$2,526,411
94$7,174,310$0$0$2,695,034
95$7,647,636$0$0$2,878,050
96$8,161,099$0$0$3,076,839
97$8,718,538$0$0$3,292,920
98$9,324,173$0$0$3,527,962
99$9,982,647$0$0$3,783,802
100$10,699,070$0$0$4,062,461