Can I retire at age 40 with 644,000?

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 $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%14.7%
1 years$53,181$52,707$52,245$51,794$51,353$50,358
2 years$26,327$25,837$25,362$24,901$24,454$23,455
3 years$17,377$16,885$16,411$15,954$15,515$14,543
4 years$12,903$12,412$11,943$11,494$11,065$10,129
5 years$10,219$9,731$9,268$8,829$8,412$7,513
6 years$8,431$7,946$7,490$7,060$6,656$5,796
7 years$7,153$6,673$6,224$5,805$5,413$4,593
8 years$6,196$5,720$5,279$4,869$4,491$3,709
9 years$5,452$4,980$4,546$4,148$3,782$3,039
10 years$4,857$4,390$3,964$3,575$3,222$2,517
11 years$4,370$3,908$3,490$3,112$2,771$2,103
12 years$3,965$3,508$3,097$2,729$2,401$1,769
13 years$3,623$3,170$2,767$2,410$2,094$1,496
14 years$3,329$2,881$2,486$2,139$1,836$1,272
15 years$3,075$2,632$2,245$1,908$1,616$1,085
16 years$2,853$2,415$2,035$1,708$1,428$928
17 years$2,657$2,224$1,852$1,535$1,267$797
18 years$2,484$2,055$1,690$1,383$1,126$685
19 years$2,328$1,905$1,548$1,250$1,004$590
20 years$2,189$1,770$1,420$1,132$897$509
21 years$2,063$1,649$1,306$1,027$802$440
22 years$1,948$1,539$1,204$934$719$381
23 years$1,844$1,439$1,112$851$646$330
24 years$1,748$1,349$1,028$776$580$286
25 years$1,660$1,266$952$708$522$248
26 years$1,579$1,189$883$648$470$215
27 years$1,505$1,119$820$593$424$187
28 years$1,435$1,055$762$543$383$163
29 years$1,371$995$709$498$346$141
30 years$1,311$940$661$457$312$123
31 years$1,255$888$616$420$282$107
32 years$1,202$841$575$386$255$93
33 years$1,153$796$537$355$231$81
34 years$1,107$754$501$327$209$71
35 years$1,064$716$469$301$189$61
36 years$1,023$679$439$277$172$53
37 years$984$645$411$255$156$47
38 years$948$613$384$235$141$41
39 years$913$583$360$217$128$35
40 years$880$555$338$200$116$31
41 years$849$528$317$184$105$27
42 years$820$503$297$170$96$23
43 years$792$479$279$157$87$20
44 years$765$457$262$145$79$18
45 years$740$435$246$134$71$15
46 years$715$415$231$124$65$13
47 years$692$396$217$114$59$12
48 years$670$378$204$106$53$10
49 years$649$361$191$98$49$9
50 years$629$345$180$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $644,000, adding $2,533 every year, while hoping to spend $23,405 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: 39/36/25 Blend
39$644,000$644,000$644,000$644,000
40$712,301$678,169$668,187$734,707
41$760,053$686,496$665,668$759,534
42$811,891$694,447$662,281$783,993
43$868,207$701,979$657,971$809,980
44$929,434$709,045$652,682$837,651
45$996,044$715,596$646,355$867,175
46$1,068,561$721,581$638,928$898,740
47$1,147,558$726,942$630,336$932,557
48$1,233,668$731,622$620,512$968,856
49$1,327,587$735,556$609,383$1,007,895
50$1,430,080$738,677$596,877$1,049,958
51$1,541,990$740,914$582,915$1,095,360
52$1,664,246$742,192$567,415$1,144,451
53$1,797,868$742,428$550,292$1,197,617
54$1,943,981$741,538$531,458$1,255,286
55$2,103,825$739,431$510,819$1,317,933
56$2,278,761$736,009$488,278$1,386,080
57$2,470,291$731,171$463,732$1,460,309
58$2,680,070$724,806$437,076$1,541,262
59$2,909,916$716,802$408,197$1,629,648
60$3,161,836$707,034$376,980$1,726,254
61$3,438,038$695,373$343,304$1,831,949
62$3,740,954$681,682$307,041$1,947,692
63$4,073,263$665,816$268,058$2,074,547
64$4,437,915$647,620$226,217$2,213,687
65$4,838,161$626,932$181,374$2,366,411
66$5,277,581$603,579$133,377$2,534,153
67$5,760,118$577,379$82,070$2,718,499
68$6,290,117$548,137$27,286$2,921,201
69$6,872,364$515,651$0$3,144,193
70$7,512,131$479,703$0$3,397,930
71$8,215,225$440,066$0$3,684,766
72$8,988,046$396,497$0$4,000,073
73$9,837,644$348,742$0$4,346,783
74$10,771,783$296,531$0$4,728,133
75$11,799,023$239,578$0$5,147,692
76$12,928,789$177,583$0$5,609,397
77$14,171,468$110,227$0$6,117,593
78$15,538,505$37,175$0$6,677,069
79$17,042,508$0$0$7,293,111
80$18,697,371$0$0$7,988,158
81$20,518,400$0$0$8,769,301
82$22,522,462$0$0$9,629,060
83$24,728,141$0$0$10,575,421
84$27,155,913$0$0$11,617,183
85$29,828,341$0$0$12,764,042
86$32,770,286$0$0$14,026,680
87$36,009,142$0$0$15,416,870
88$39,575,095$0$0$16,947,583
89$43,501,406$0$0$18,633,111
90$47,824,723$0$0$20,489,204
91$52,585,434$0$0$22,533,218
92$57,828,039$0$0$24,784,276
93$63,601,575$0$0$27,263,450
94$69,960,076$0$0$29,993,963
95$76,963,085$0$0$33,001,402
96$84,676,214$0$0$36,313,963
97$93,171,764$0$0$39,962,718
98$102,529,405$0$0$43,981,904
99$112,836,929$0$0$48,409,252
100$124,191,082$0$0$53,286,337