Can I retire at age 40 with 637,000?

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 $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%19.7%
1 years$52,603$52,134$51,677$51,231$50,795$48,818
2 years$26,041$25,556$25,086$24,630$24,188$22,221
3 years$17,188$16,701$16,232$15,781$15,346$13,449
4 years$12,763$12,277$11,813$11,369$10,945$9,134
5 years$10,108$9,625$9,167$8,733$8,320$6,599
6 years$8,339$7,860$7,409$6,984$6,583$4,954
7 years$7,076$6,601$6,157$5,742$5,354$3,815
8 years$6,129$5,658$5,221$4,816$4,442$2,992
9 years$5,393$4,926$4,497$4,103$3,741$2,378
10 years$4,804$4,342$3,921$3,536$3,187$1,909
11 years$4,323$3,866$3,452$3,078$2,741$1,544
12 years$3,922$3,470$3,063$2,700$2,375$1,257
13 years$3,583$3,136$2,737$2,383$2,071$1,028
14 years$3,293$2,850$2,459$2,116$1,816$844
15 years$3,042$2,604$2,220$1,887$1,599$695
16 years$2,822$2,389$2,013$1,689$1,413$574
17 years$2,629$2,200$1,832$1,518$1,253$475
18 years$2,457$2,033$1,672$1,368$1,114$393
19 years$2,303$1,884$1,531$1,236$993$326
20 years$2,165$1,751$1,405$1,120$887$271
21 years$2,040$1,631$1,292$1,016$794$225
22 years$1,927$1,522$1,191$924$711$188
23 years$1,824$1,424$1,100$841$639$156
24 years$1,729$1,334$1,017$767$574$130
25 years$1,642$1,252$942$701$516$109
26 years$1,562$1,177$874$641$465$91
27 years$1,488$1,107$811$586$419$75
28 years$1,420$1,043$754$537$378$63
29 years$1,356$984$702$493$342$53
30 years$1,297$930$654$452$309$44
31 years$1,241$879$609$415$279$37
32 years$1,189$831$569$382$253$31
33 years$1,141$787$531$351$229$26
34 years$1,095$746$496$323$207$21
35 years$1,052$708$464$297$187$18
36 years$1,012$672$434$274$170$15
37 years$974$638$406$252$154$12
38 years$937$606$380$233$140$10
39 years$903$577$356$214$127$9
40 years$871$549$334$198$115$7
41 years$840$522$313$182$104$6
42 years$811$497$294$168$94$5
43 years$783$474$276$155$86$4
44 years$757$452$259$144$78$4
45 years$732$431$243$133$71$3
46 years$708$411$228$122$64$2
47 years$685$392$214$113$58$2
48 years$663$374$201$105$53$2
49 years$642$357$189$97$48$1
50 years$622$341$178$89$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $637,000, adding $4,198 every year, while hoping to spend $30,828 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: 61/30/9 Blend
39$637,000$637,000$637,000$637,000
40$706,304$672,543$662,670$747,733
41$745,547$672,697$652,068$776,143
42$787,758$671,825$640,079$803,212
43$833,210$669,845$626,622$831,975
44$882,198$666,668$611,614$862,599
45$935,049$662,202$594,970$895,263
46$992,122$656,347$576,599$930,171
47$1,053,809$648,999$556,406$967,544
48$1,120,543$640,046$534,292$1,007,629
49$1,192,801$629,371$510,153$1,050,700
50$1,271,105$616,848$483,881$1,097,059
51$1,356,030$602,346$455,364$1,147,040
52$1,448,209$585,724$424,482$1,201,013
53$1,548,336$566,835$391,112$1,259,389
54$1,657,178$545,521$355,125$1,322,619
55$1,775,574$521,616$316,387$1,391,205
56$1,904,453$494,945$274,755$1,465,702
57$2,044,831$465,322$230,084$1,546,721
58$2,197,832$432,550$182,219$1,634,941
59$2,364,687$396,422$131,001$1,731,111
60$2,546,757$356,718$76,260$1,836,060
61$2,745,534$313,205$17,824$1,950,702
62$2,962,666$265,640$0$2,076,051
63$3,199,964$213,762$0$2,217,502
64$3,459,422$157,298$0$2,374,118
65$3,743,236$95,958$0$2,545,573
66$4,053,824$29,438$0$2,733,394
67$4,393,848$0$0$2,939,270
68$4,766,241$0$0$3,179,123
69$5,174,230$0$0$3,452,600
70$5,621,373$0$0$3,752,371
71$6,111,584$0$0$4,081,068
72$6,649,177$0$0$4,441,590
73$7,238,902$0$0$4,837,129
74$7,885,992$0$0$5,271,202
75$8,596,209$0$0$5,747,682
76$9,375,903$0$0$6,270,835
77$10,232,066$0$0$6,845,363
78$11,172,402$0$0$7,476,441
79$12,205,397$0$0$8,169,774
80$13,340,401$0$0$8,931,646
81$14,587,711$0$0$9,768,978
82$15,958,675$0$0$10,689,396
83$17,465,792$0$0$11,701,302
84$19,122,834$0$0$12,813,953
85$20,944,973$0$0$14,037,546
86$22,948,927$0$0$15,383,318
87$25,153,111$0$0$16,863,648
88$27,577,820$0$0$18,492,175
89$30,245,411$0$0$20,283,928
90$33,180,517$0$0$22,255,464
91$36,410,281$0$0$24,425,028
92$39,964,610$0$0$26,812,723
93$43,876,455$0$0$29,440,696
94$48,182,126$0$0$32,333,355
95$52,921,628$0$0$35,517,591
96$58,139,045$0$0$39,023,036
97$63,882,950$0$0$42,882,339
98$70,206,866$0$0$47,131,478
99$77,169,768$0$0$51,810,096
100$84,836,643$0$0$56,961,877