Can I retire at age 40 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$52,685$52,216$51,758$51,311$50,875$49,405
2 years$26,082$25,596$25,125$24,669$24,226$22,757
3 years$17,215$16,727$16,258$15,806$15,370$13,947
4 years$12,783$12,296$11,832$11,387$10,962$9,597
5 years$10,124$9,641$9,182$8,746$8,333$7,029
6 years$8,352$7,872$7,420$6,995$6,594$5,353
7 years$7,087$6,611$6,166$5,751$5,363$4,184
8 years$6,138$5,667$5,229$4,824$4,449$3,332
9 years$5,401$4,934$4,504$4,109$3,746$2,690
10 years$4,812$4,349$3,927$3,542$3,192$2,195
11 years$4,330$3,872$3,457$3,083$2,745$1,806
12 years$3,928$3,475$3,068$2,704$2,379$1,496
13 years$3,589$3,140$2,741$2,387$2,075$1,245
14 years$3,298$2,855$2,463$2,119$1,819$1,041
15 years$3,047$2,608$2,224$1,890$1,601$873
16 years$2,827$2,393$2,016$1,692$1,415$735
17 years$2,633$2,203$1,835$1,520$1,255$619
18 years$2,461$2,036$1,675$1,370$1,116$523
19 years$2,307$1,887$1,533$1,238$994$443
20 years$2,168$1,754$1,407$1,121$888$375
21 years$2,043$1,633$1,294$1,018$795$319
22 years$1,930$1,525$1,193$925$713$271
23 years$1,827$1,426$1,101$843$640$230
24 years$1,732$1,336$1,019$769$575$196
25 years$1,645$1,254$943$702$517$166
26 years$1,565$1,178$875$642$466$142
27 years$1,491$1,109$812$587$420$121
28 years$1,422$1,045$755$538$379$103
29 years$1,358$986$703$494$342$88
30 years$1,299$931$655$453$309$75
31 years$1,243$880$610$416$280$64
32 years$1,191$833$569$382$253$54
33 years$1,143$789$532$352$229$46
34 years$1,097$747$497$323$207$40
35 years$1,054$709$464$298$188$34
36 years$1,013$673$435$274$170$29
37 years$975$639$407$253$154$25
38 years$939$607$381$233$140$21
39 years$905$578$357$215$127$18
40 years$872$549$334$198$115$15
41 years$841$523$314$183$104$13
42 years$812$498$294$169$95$11
43 years$784$475$276$156$86$10
44 years$758$452$259$144$78$8
45 years$733$431$243$133$71$7
46 years$709$412$229$123$64$6
47 years$686$393$215$113$58$5
48 years$664$375$202$105$53$4
49 years$643$358$190$97$48$4
50 years$623$342$178$89$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $638,000, adding $6,199 every year, while hoping to spend $45,187 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: 51/40/9 Blend
39$638,000$638,000$638,000$638,000
40$709,470$675,656$665,767$743,691
41$733,758$660,685$639,992$752,727
42$759,008$643,465$611,838$757,187
43$785,271$623,840$581,180$760,978
44$812,602$601,641$547,883$764,047
45$841,059$576,693$511,808$766,340
46$870,704$548,808$472,810$767,801
47$901,604$517,787$430,737$768,370
48$933,831$483,423$385,431$767,985
49$967,464$445,493$336,725$766,582
50$1,002,587$403,763$284,447$764,094
51$1,039,290$357,987$228,415$760,452
52$1,077,671$307,902$168,441$755,583
53$1,117,838$253,233$104,328$749,414
54$1,159,904$193,688$35,869$741,867
55$1,203,994$128,959$0$732,864
56$1,250,243$58,720$0$725,893
57$1,298,798$0$0$721,210
58$1,349,819$0$0$722,948
59$1,403,477$0$0$751,982
60$1,459,962$0$0$782,568
61$1,519,478$0$0$814,822
62$1,582,249$0$0$848,867
63$1,648,518$0$0$884,839
64$1,718,550$0$0$922,886
65$1,792,634$0$0$963,169
66$1,871,087$0$0$1,005,865
67$1,954,254$0$0$1,051,166
68$2,042,511$0$0$1,099,283
69$2,136,272$0$0$1,150,446
70$2,235,988$0$0$1,204,908
71$2,342,152$0$0$1,262,943
72$2,455,304$0$0$1,324,855
73$2,576,037$0$0$1,390,975
74$2,704,998$0$0$1,461,664
75$2,842,900$0$0$1,537,322
76$2,990,520$0$0$1,618,383
77$3,148,713$0$0$1,705,327
78$3,318,416$0$0$1,798,677
79$3,500,658$0$0$1,899,011
80$3,696,567$0$0$2,006,960
81$3,907,382$0$0$2,123,219
82$4,134,464$0$0$2,248,551
83$4,379,307$0$0$2,383,792
84$4,643,553$0$0$2,529,863
85$4,929,004$0$0$2,687,775
86$5,237,644$0$0$2,858,641
87$5,571,650$0$0$3,043,681
88$5,933,418$0$0$3,244,239
89$6,325,580$0$0$3,461,792
90$6,751,031$0$0$3,697,965
91$7,212,956$0$0$3,954,544
92$7,714,857$0$0$4,233,495
93$8,260,586$0$0$4,536,980
94$8,854,383$0$0$4,867,378
95$9,500,910$0$0$5,227,307
96$10,205,299$0$0$5,619,647
97$10,973,198$0$0$6,047,570
98$11,810,821$0$0$6,514,564
99$12,725,011$0$0$7,024,471
100$13,723,297$0$0$7,581,520