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%11%
1 years$52,603$52,134$51,677$51,231$50,795$50,581
2 years$26,041$25,556$25,086$24,630$24,188$23,972
3 years$17,188$16,701$16,232$15,781$15,346$15,135
4 years$12,763$12,277$11,813$11,369$10,945$10,740
5 years$10,108$9,625$9,167$8,733$8,320$8,122
6 years$8,339$7,860$7,409$6,984$6,583$6,392
7 years$7,076$6,601$6,157$5,742$5,354$5,170
8 years$6,129$5,658$5,221$4,816$4,442$4,265
9 years$5,393$4,926$4,497$4,103$3,741$3,571
10 years$4,804$4,342$3,921$3,536$3,187$3,025
11 years$4,323$3,866$3,452$3,078$2,741$2,586
12 years$3,922$3,470$3,063$2,700$2,375$2,227
13 years$3,583$3,136$2,737$2,383$2,071$1,930
14 years$3,293$2,850$2,459$2,116$1,816$1,681
15 years$3,042$2,604$2,220$1,887$1,599$1,470
16 years$2,822$2,389$2,013$1,689$1,413$1,291
17 years$2,629$2,200$1,832$1,518$1,253$1,137
18 years$2,457$2,033$1,672$1,368$1,114$1,004
19 years$2,303$1,884$1,531$1,236$993$888
20 years$2,165$1,751$1,405$1,120$887$788
21 years$2,040$1,631$1,292$1,016$794$700
22 years$1,927$1,522$1,191$924$711$623
23 years$1,824$1,424$1,100$841$639$555
24 years$1,729$1,334$1,017$767$574$495
25 years$1,642$1,252$942$701$516$442
26 years$1,562$1,177$874$641$465$395
27 years$1,488$1,107$811$586$419$354
28 years$1,420$1,043$754$537$378$316
29 years$1,356$984$702$493$342$284
30 years$1,297$930$654$452$309$254
31 years$1,241$879$609$415$279$228
32 years$1,189$831$569$382$253$205
33 years$1,141$787$531$351$229$184
34 years$1,095$746$496$323$207$165
35 years$1,052$708$464$297$187$148
36 years$1,012$672$434$274$170$133
37 years$974$638$406$252$154$120
38 years$937$606$380$233$140$108
39 years$903$577$356$214$127$97
40 years$871$549$334$198$115$87
41 years$840$522$313$182$104$78
42 years$811$497$294$168$94$70
43 years$783$474$276$155$86$63
44 years$757$452$259$144$78$57
45 years$732$431$243$133$71$51
46 years$708$411$228$122$64$46
47 years$685$392$214$113$58$42
48 years$663$374$201$105$53$37
49 years$642$357$189$97$48$34
50 years$622$341$178$89$44$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $637,000, adding $5,899 every year, while hoping to spend $36,514 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: 51/35/14 Blend
39$637,000$637,000$637,000$637,000
40$708,059$674,298$664,424$741,198
41$741,430$668,488$647,832$758,738
42$776,982$661,169$629,460$773,464
43$814,897$652,230$609,210$788,654
44$855,378$641,550$586,980$804,364
45$898,644$629,004$562,662$820,655
46$944,939$614,458$536,143$837,598
47$994,526$597,770$507,308$855,273
48$1,047,697$578,790$476,032$873,772
49$1,104,771$557,360$442,188$893,196
50$1,166,098$533,311$405,642$913,661
51$1,232,063$506,466$366,253$935,299
52$1,303,087$476,636$323,877$958,256
53$1,379,634$443,624$278,359$982,698
54$1,462,214$407,219$229,541$1,008,810
55$1,551,385$367,198$177,256$1,036,803
56$1,647,763$323,327$121,330$1,066,909
57$1,752,022$275,357$61,582$1,099,392
58$1,864,905$223,027$0$1,134,545
59$1,987,230$166,060$0$1,173,023
60$2,119,893$104,162$0$1,224,704
61$2,263,881$37,025$0$1,280,823
62$2,420,280$0$0$1,341,869
63$2,590,285$0$0$1,422,127
64$2,775,210$0$0$1,524,998
65$2,976,499$0$0$1,637,033
66$3,195,743$0$0$1,759,124
67$3,434,693$0$0$1,892,255
68$3,695,275$0$0$2,037,507
69$3,979,609$0$0$2,196,070
70$4,290,028$0$0$2,369,255
71$4,629,103$0$0$2,558,503
72$4,999,659$0$0$2,765,405
73$5,404,812$0$0$2,991,707
74$5,847,989$0$0$3,239,335
75$6,332,964$0$0$3,510,409
76$6,863,893$0$0$3,807,263
77$7,445,354$0$0$4,132,469
78$8,082,387$0$0$4,488,857
79$8,780,541$0$0$4,879,545
80$9,545,930$0$0$5,307,967
81$10,385,287$0$0$5,777,906
82$11,306,027$0$0$6,293,527
83$12,316,317$0$0$6,859,419
84$13,425,155$0$0$7,480,636
85$14,642,451$0$0$8,162,747
86$15,979,120$0$0$8,911,884
87$17,447,189$0$0$9,734,803
88$19,059,904$0$0$10,638,949
89$20,831,859$0$0$11,632,521
90$22,779,130$0$0$12,724,551
91$24,919,429$0$0$13,924,992
92$27,272,269$0$0$15,244,808
93$29,859,147$0$0$16,696,078
94$32,703,747$0$0$18,292,111
95$35,832,163$0$0$20,047,570
96$39,273,146$0$0$21,978,611
97$43,058,372$0$0$24,103,032
98$47,222,741$0$0$26,440,447
99$51,804,706$0$0$29,012,463
100$56,846,637$0$0$31,842,891