Can I retire at age 40 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$52,933$52,462$52,002$51,553$51,114$50,835
2 years$26,205$25,717$25,244$24,785$24,340$24,058
3 years$17,296$16,806$16,334$15,880$15,442$15,167
4 years$12,843$12,354$11,887$11,441$11,014$10,746
5 years$10,172$9,686$9,225$8,787$8,372$8,114
6 years$8,391$7,909$7,455$7,027$6,625$6,376
7 years$7,120$6,642$6,195$5,778$5,388$5,148
8 years$6,167$5,694$5,254$4,847$4,470$4,240
9 years$5,426$4,957$4,525$4,128$3,764$3,544
10 years$4,834$4,370$3,945$3,559$3,207$2,996
11 years$4,350$3,890$3,473$3,097$2,758$2,557
12 years$3,947$3,491$3,083$2,717$2,390$2,198
13 years$3,606$3,155$2,754$2,398$2,084$1,901
14 years$3,314$2,868$2,474$2,129$1,827$1,652
15 years$3,061$2,620$2,234$1,899$1,609$1,442
16 years$2,840$2,404$2,026$1,700$1,422$1,264
17 years$2,645$2,214$1,843$1,527$1,261$1,111
18 years$2,472$2,046$1,683$1,377$1,121$979
19 years$2,318$1,896$1,540$1,244$999$864
20 years$2,179$1,762$1,414$1,127$892$765
21 years$2,053$1,641$1,300$1,022$799$678
22 years$1,939$1,532$1,198$930$716$602
23 years$1,835$1,433$1,107$847$643$535
24 years$1,740$1,342$1,023$772$578$476
25 years$1,653$1,260$948$705$520$424
26 years$1,572$1,184$879$645$468$379
27 years$1,498$1,114$816$590$422$338
28 years$1,429$1,050$759$541$381$302
29 years$1,365$990$706$496$344$270
30 years$1,305$935$658$455$311$241
31 years$1,249$884$613$418$281$216
32 years$1,197$837$572$384$254$193
33 years$1,148$792$534$353$230$173
34 years$1,102$751$499$325$208$155
35 years$1,059$712$467$299$189$139
36 years$1,018$676$437$276$171$124
37 years$980$642$409$254$155$111
38 years$943$610$383$234$140$100
39 years$909$580$358$216$127$90
40 years$876$552$336$199$115$80
41 years$845$526$315$184$105$72
42 years$816$500$296$169$95$65
43 years$788$477$277$156$86$58
44 years$762$455$260$144$78$52
45 years$736$433$244$133$71$47
46 years$712$414$230$123$65$42
47 years$689$395$216$114$59$38
48 years$667$377$203$105$53$34
49 years$646$360$191$97$48$30
50 years$626$344$179$90$44$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $641,000, adding $4,528 every year, while hoping to spend $26,099 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: 43/49/8 Blend
39$641,000$641,000$641,000$641,000
40$711,053$677,080$667,144$739,795
41$755,811$682,487$661,724$765,624
42$804,260$687,285$655,248$790,575
43$856,748$691,416$647,653$817,006
44$913,660$694,819$638,872$845,063
45$975,416$697,428$628,838$874,906
46$1,042,481$699,175$617,477$906,714
47$1,115,366$699,986$604,714$940,684
48$1,194,631$699,783$590,469$977,037
49$1,280,894$698,483$574,661$1,016,016
50$1,374,835$695,999$557,202$1,057,889
51$1,477,202$692,236$538,002$1,102,957
52$1,588,817$687,097$516,966$1,151,550
53$1,710,587$680,475$493,994$1,204,036
54$1,843,508$672,259$468,984$1,260,820
55$1,988,678$662,332$441,828$1,322,355
56$2,147,305$650,568$412,411$1,389,138
57$2,320,719$636,835$380,615$1,461,723
58$2,510,385$620,992$346,318$1,540,720
59$2,717,914$602,891$309,390$1,626,807
60$2,945,083$582,374$269,696$1,720,733
61$3,193,846$559,275$227,096$1,823,328
62$3,466,357$533,418$181,441$1,935,509
63$3,764,985$504,616$132,580$2,058,291
64$4,092,344$472,672$80,351$2,192,798
65$4,451,308$437,377$24,588$2,340,270
66$4,845,044$398,512$0$2,502,082
67$5,277,043$355,843$0$2,682,732
68$5,751,146$309,125$0$2,883,353
69$6,271,587$258,096$0$3,103,715
70$6,843,028$202,482$0$3,345,887
71$7,470,606$141,993$0$3,612,153
72$8,159,979$76,321$0$3,905,037
73$8,917,381$5,145$0$4,227,326
74$9,749,677$0$0$4,582,098
75$10,664,434$0$0$5,011,510
76$11,669,984$0$0$5,486,679
77$12,775,511$0$0$6,009,181
78$13,991,130$0$0$6,583,809
79$15,327,987$0$0$7,215,842
80$16,798,360$0$0$7,911,097
81$18,415,780$0$0$8,675,985
82$20,195,151$0$0$9,517,567
83$22,152,899$0$0$10,443,624
84$24,307,120$0$0$11,462,729
85$26,677,751$0$0$12,584,330
86$29,286,763$0$0$13,818,835
87$32,158,362$0$0$15,177,713
88$35,319,222$0$0$16,673,602
89$38,798,732$0$0$18,320,425
90$42,629,275$0$0$20,133,527
91$46,846,536$0$0$22,129,814
92$51,489,833$0$0$24,327,917
93$56,602,492$0$0$26,748,364
94$62,232,254$0$0$29,413,774
95$68,431,726$0$0$32,349,074
96$75,258,876$0$0$35,581,731
97$82,777,578$0$0$39,142,009
98$91,058,221$0$0$43,063,261
99$100,178,365$0$0$47,382,237
100$110,223,478$0$0$52,139,433