Can I retire at age 40 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$53,098$52,625$52,164$51,714$51,274$50,404
2 years$26,286$25,797$25,322$24,862$24,416$23,542
3 years$17,350$16,858$16,385$15,929$15,491$14,640
4 years$12,883$12,393$11,924$11,476$11,048$10,227
5 years$10,203$9,716$9,254$8,815$8,399$7,610
6 years$8,417$7,934$7,478$7,049$6,645$5,890
7 years$7,142$6,663$6,215$5,796$5,405$4,683
8 years$6,186$5,711$5,270$4,862$4,484$3,795
9 years$5,443$4,973$4,539$4,141$3,776$3,120
10 years$4,849$4,383$3,958$3,570$3,217$2,594
11 years$4,364$3,902$3,484$3,107$2,767$2,175
12 years$3,959$3,502$3,092$2,725$2,398$1,837
13 years$3,617$3,165$2,763$2,406$2,091$1,560
14 years$3,324$2,877$2,482$2,136$1,833$1,331
15 years$3,070$2,628$2,241$1,905$1,614$1,140
16 years$2,849$2,411$2,032$1,705$1,426$980
17 years$2,653$2,221$1,849$1,532$1,265$844
18 years$2,480$2,052$1,688$1,381$1,124$729
19 years$2,325$1,902$1,545$1,248$1,002$631
20 years$2,185$1,767$1,418$1,130$895$547
21 years$2,059$1,646$1,304$1,026$801$475
22 years$1,945$1,537$1,202$933$718$413
23 years$1,841$1,437$1,110$849$645$359
24 years$1,745$1,347$1,027$775$579$313
25 years$1,658$1,264$951$707$521$273
26 years$1,577$1,188$882$647$470$238
27 years$1,502$1,118$819$592$423$208
28 years$1,433$1,053$761$542$382$181
29 years$1,369$994$708$497$345$158
30 years$1,309$938$660$456$312$139
31 years$1,253$887$615$419$282$121
32 years$1,201$839$574$385$255$106
33 years$1,152$795$536$354$231$93
34 years$1,105$753$501$326$209$81
35 years$1,062$715$468$300$189$71
36 years$1,021$678$438$276$171$62
37 years$983$644$410$255$155$54
38 years$946$612$384$235$141$48
39 years$912$582$360$216$128$42
40 years$879$554$337$200$116$37
41 years$848$527$316$184$105$32
42 years$819$502$296$170$95$28
43 years$791$478$278$157$87$25
44 years$764$456$261$145$79$21
45 years$739$435$245$134$71$19
46 years$714$415$230$124$65$17
47 years$691$396$216$114$59$14
48 years$669$378$203$106$53$13
49 years$648$361$191$98$49$11
50 years$628$345$180$90$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $643,000, adding $4,727 every year, while hoping to spend $29,804 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: 69/7/24 Blend
39$643,000$643,000$643,000$643,000
40$713,462$679,383$669,416$758,032
41$754,524$680,961$660,131$790,062
42$798,775$681,618$649,535$821,212
43$846,510$681,277$637,554$854,596
44$898,050$679,856$624,109$890,434
45$953,752$677,270$609,117$928,969
46$1,014,004$673,426$592,491$970,471
47$1,079,236$668,227$574,143$1,015,234
48$1,149,917$661,569$553,977$1,063,587
49$1,226,568$653,345$531,894$1,115,890
50$1,309,756$643,438$507,791$1,172,544
51$1,400,109$631,724$481,560$1,233,988
52$1,498,316$618,075$453,088$1,300,710
53$1,605,136$602,351$422,257$1,373,246
54$1,721,401$584,408$388,944$1,452,190
55$1,848,031$564,091$353,021$1,538,197
56$1,986,034$541,236$314,352$1,631,989
57$2,136,524$515,670$272,796$1,734,363
58$2,300,723$487,211$228,208$1,846,202
59$2,479,977$455,666$180,434$1,968,476
60$2,675,770$420,828$129,314$2,102,258
61$2,889,733$382,484$74,681$2,248,731
62$3,123,663$340,402$16,360$2,409,203
63$3,379,538$294,343$0$2,585,114
64$3,659,536$244,051$0$2,789,804
65$3,966,055$189,256$0$3,018,512
66$4,301,737$129,673$0$3,269,033
67$4,669,488$65,002$0$3,543,555
68$5,072,514$0$0$3,844,490
69$5,514,340$0$0$4,174,885
70$5,998,851$0$0$4,542,728
71$6,530,328$0$0$4,946,264
72$7,113,482$0$0$5,389,076
73$7,753,506$0$0$5,875,111
74$8,456,117$0$0$6,408,717
75$9,227,615$0$0$6,994,682
76$10,074,938$0$0$7,638,282
77$11,005,730$0$0$8,345,330
78$12,028,412$0$0$9,122,226
79$13,152,262$0$0$9,976,024
80$14,387,497$0$0$10,914,495
81$15,745,378$0$0$11,946,198
82$17,238,310$0$0$13,080,566
83$18,879,958$0$0$14,327,988
84$20,685,379$0$0$15,699,914
85$22,671,163$0$0$17,208,956
86$24,855,587$0$0$18,869,011
87$27,258,788$0$0$20,695,391
88$29,902,957$0$0$22,704,967
89$32,812,539$0$0$24,916,327
90$36,014,472$0$0$27,349,952
91$39,538,437$0$0$30,028,410
92$43,417,136$0$0$32,976,567
93$47,686,605$0$0$36,221,822
94$52,386,548$0$0$39,794,364
95$57,560,717$0$0$43,727,460
96$63,257,320$0$0$48,057,766
97$69,529,476$0$0$52,825,670
98$76,435,720$0$0$58,075,680
99$84,040,549$0$0$63,856,838
100$92,415,035$0$0$70,223,183