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%17.3%
1 years$52,933$52,462$52,002$51,553$51,114$49,597
2 years$26,205$25,717$25,244$24,785$24,340$22,824
3 years$17,296$16,806$16,334$15,880$15,442$13,975
4 years$12,843$12,354$11,887$11,441$11,014$9,606
5 years$10,172$9,686$9,225$8,787$8,372$7,029
6 years$8,391$7,909$7,455$7,027$6,625$5,346
7 years$7,120$6,642$6,195$5,778$5,388$4,174
8 years$6,167$5,694$5,254$4,847$4,470$3,320
9 years$5,426$4,957$4,525$4,128$3,764$2,678
10 years$4,834$4,370$3,945$3,559$3,207$2,182
11 years$4,350$3,890$3,473$3,097$2,758$1,793
12 years$3,947$3,491$3,083$2,717$2,390$1,483
13 years$3,606$3,155$2,754$2,398$2,084$1,233
14 years$3,314$2,868$2,474$2,129$1,827$1,029
15 years$3,061$2,620$2,234$1,899$1,609$862
16 years$2,840$2,404$2,026$1,700$1,422$724
17 years$2,645$2,214$1,843$1,527$1,261$610
18 years$2,472$2,046$1,683$1,377$1,121$515
19 years$2,318$1,896$1,540$1,244$999$435
20 years$2,179$1,762$1,414$1,127$892$368
21 years$2,053$1,641$1,300$1,022$799$312
22 years$1,939$1,532$1,198$930$716$264
23 years$1,835$1,433$1,107$847$643$224
24 years$1,740$1,342$1,023$772$578$190
25 years$1,653$1,260$948$705$520$162
26 years$1,572$1,184$879$645$468$138
27 years$1,498$1,114$816$590$422$117
28 years$1,429$1,050$759$541$381$100
29 years$1,365$990$706$496$344$85
30 years$1,305$935$658$455$311$72
31 years$1,249$884$613$418$281$61
32 years$1,197$837$572$384$254$52
33 years$1,148$792$534$353$230$45
34 years$1,102$751$499$325$208$38
35 years$1,059$712$467$299$189$32
36 years$1,018$676$437$276$171$28
37 years$980$642$409$254$155$23
38 years$943$610$383$234$140$20
39 years$909$580$358$216$127$17
40 years$876$552$336$199$115$15
41 years$845$526$315$184$105$12
42 years$816$500$296$169$95$11
43 years$788$477$277$156$86$9
44 years$762$455$260$144$78$8
45 years$736$433$244$133$71$7
46 years$712$414$230$123$65$6
47 years$689$395$216$114$59$5
48 years$667$377$203$105$53$4
49 years$646$360$191$97$48$3
50 years$626$344$179$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $641,000, adding $2,978 every year, while hoping to spend $55,607 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: 35/42/23 Blend
39$641,000$641,000$641,000$641,000
40$709,454$675,481$665,545$729,247
41$722,653$649,414$628,676$718,071
42$735,334$620,206$588,707$700,712
43$747,387$587,645$545,477$680,862
44$758,686$551,505$498,816$658,333
45$769,092$511,549$448,547$632,924
46$778,449$467,525$394,483$604,421
47$786,585$419,167$336,432$572,594
48$793,305$366,195$274,192$537,196
49$798,396$308,312$207,550$497,965
50$801,617$245,204$136,288$454,617
51$802,703$176,540$60,175$406,849
52$801,358$101,971$0$354,336
53$797,255$21,125$0$301,896
54$790,029$0$0$260,084
55$779,277$0$0$244,460
56$764,552$0$0$237,013
57$745,356$0$0$227,786
58$721,142$0$0$216,566
59$691,300$0$0$203,117
60$655,157$0$0$187,175
61$611,967$0$0$168,454
62$560,907$0$0$146,631
63$501,065$0$0$121,354
64$431,431$0$0$92,231
65$350,891$0$0$58,830
66$258,213$0$0$20,674
67$152,034$0$0$0
68$30,852$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0