Can I retire at age 40 with 644,000?

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 $644,000?

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$53,181$52,707$52,245$51,794$51,353$49,869
2 years$26,327$25,837$25,362$24,901$24,454$22,971
3 years$17,377$16,885$16,411$15,954$15,515$14,079
4 years$12,903$12,412$11,943$11,494$11,065$9,687
5 years$10,219$9,731$9,268$8,829$8,412$7,096
6 years$8,431$7,946$7,490$7,060$6,656$5,403
7 years$7,153$6,673$6,224$5,805$5,413$4,223
8 years$6,196$5,720$5,279$4,869$4,491$3,363
9 years$5,452$4,980$4,546$4,148$3,782$2,716
10 years$4,857$4,390$3,964$3,575$3,222$2,216
11 years$4,370$3,908$3,490$3,112$2,771$1,823
12 years$3,965$3,508$3,097$2,729$2,401$1,510
13 years$3,623$3,170$2,767$2,410$2,094$1,257
14 years$3,329$2,881$2,486$2,139$1,836$1,051
15 years$3,075$2,632$2,245$1,908$1,616$881
16 years$2,853$2,415$2,035$1,708$1,428$742
17 years$2,657$2,224$1,852$1,535$1,267$625
18 years$2,484$2,055$1,690$1,383$1,126$528
19 years$2,328$1,905$1,548$1,250$1,004$447
20 years$2,189$1,770$1,420$1,132$897$379
21 years$2,063$1,649$1,306$1,027$802$322
22 years$1,948$1,539$1,204$934$719$273
23 years$1,844$1,439$1,112$851$646$232
24 years$1,748$1,349$1,028$776$580$197
25 years$1,660$1,266$952$708$522$168
26 years$1,579$1,189$883$648$470$143
27 years$1,505$1,119$820$593$424$122
28 years$1,435$1,055$762$543$383$104
29 years$1,371$995$709$498$346$89
30 years$1,311$940$661$457$312$76
31 years$1,255$888$616$420$282$64
32 years$1,202$841$575$386$255$55
33 years$1,153$796$537$355$231$47
34 years$1,107$754$501$327$209$40
35 years$1,064$716$469$301$189$34
36 years$1,023$679$439$277$172$29
37 years$984$645$411$255$156$25
38 years$948$613$384$235$141$21
39 years$913$583$360$217$128$18
40 years$880$555$338$200$116$15
41 years$849$528$317$184$105$13
42 years$820$503$297$170$96$11
43 years$792$479$279$157$87$10
44 years$765$457$262$145$79$8
45 years$740$435$246$134$71$7
46 years$715$415$231$124$65$6
47 years$692$396$217$114$59$5
48 years$670$378$204$106$53$4
49 years$649$361$191$98$49$4
50 years$629$345$180$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $644,000, adding $3,331 every year, while hoping to spend $39,419 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: 77/17/6 Blend
39$644,000$644,000$644,000$644,000
40$713,124$678,992$669,010$767,379
41$743,921$670,321$649,480$794,787
42$776,538$659,904$627,975$819,390
43$811,120$647,614$604,387$845,201
44$847,823$633,316$578,603$872,321
45$886,820$616,867$550,505$900,865
46$928,299$598,117$519,970$930,957
47$972,465$576,905$486,869$962,736
48$1,019,546$553,063$451,069$996,356
49$1,069,787$526,410$412,427$1,031,984
50$1,123,460$496,759$370,798$1,069,809
51$1,180,861$463,908$326,027$1,110,036
52$1,242,315$427,646$277,955$1,152,895
53$1,308,179$387,748$226,415$1,198,638
54$1,378,844$343,979$171,231$1,247,543
55$1,454,740$296,088$112,221$1,299,920
56$1,536,338$243,811$49,195$1,356,110
57$1,624,156$186,868$0$1,416,489
58$1,718,760$124,965$0$1,482,631
59$1,820,776$57,791$0$1,557,277
60$1,930,889$0$0$1,637,796
61$2,049,851$0$0$1,727,569
62$2,178,491$0$0$1,836,353
63$2,317,718$0$0$1,954,109
64$2,468,533$0$0$2,081,685
65$2,632,035$0$0$2,220,014
66$2,809,432$0$0$2,370,122
67$3,002,056$0$0$2,533,136
68$3,211,368$0$0$2,710,298
69$3,438,977$0$0$2,902,971
70$3,686,654$0$0$3,112,659
71$3,956,347$0$0$3,341,012
72$4,250,199$0$0$3,589,849
73$4,570,568$0$0$3,861,172
74$4,920,050$0$0$4,157,182
75$5,301,503$0$0$4,480,303
76$5,718,072$0$0$4,833,204
77$6,173,219$0$0$5,218,822
78$6,670,756$0$0$5,640,391
79$7,214,880$0$0$6,101,471
80$7,810,211$0$0$6,605,983
81$8,461,837$0$0$7,158,244
82$9,175,362$0$0$7,763,006
83$9,956,954$0$0$8,425,504
84$10,813,408$0$0$9,151,503
85$11,752,207$0$0$9,947,352
86$12,781,592$0$0$10,820,043
87$13,910,640$0$0$11,777,278
88$15,149,349$0$0$12,827,539
89$16,508,730$0$0$13,980,169
90$18,000,914$0$0$15,245,460
91$19,639,262$0$0$16,634,749
92$21,438,493$0$0$18,160,525
93$23,414,820$0$0$19,836,544
94$25,586,105$0$0$21,677,963
95$27,972,025$0$0$23,701,475
96$30,594,256$0$0$25,925,476
97$33,476,682$0$0$28,370,228
98$36,645,612$0$0$31,058,055
99$40,130,033$0$0$34,013,554
100$43,961,883$0$0$37,263,822