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%17.6%
1 years$53,181$52,707$52,245$51,794$51,353$49,769
2 years$26,327$25,837$25,362$24,901$24,454$22,872
3 years$17,377$16,885$16,411$15,954$15,515$13,984
4 years$12,903$12,412$11,943$11,494$11,065$9,598
5 years$10,219$9,731$9,268$8,829$8,412$7,012
6 years$8,431$7,946$7,490$7,060$6,656$5,325
7 years$7,153$6,673$6,224$5,805$5,413$4,150
8 years$6,196$5,720$5,279$4,869$4,491$3,295
9 years$5,452$4,980$4,546$4,148$3,782$2,653
10 years$4,857$4,390$3,964$3,575$3,222$2,158
11 years$4,370$3,908$3,490$3,112$2,771$1,770
12 years$3,965$3,508$3,097$2,729$2,401$1,461
13 years$3,623$3,170$2,767$2,410$2,094$1,212
14 years$3,329$2,881$2,486$2,139$1,836$1,010
15 years$3,075$2,632$2,245$1,908$1,616$844
16 years$2,853$2,415$2,035$1,708$1,428$707
17 years$2,657$2,224$1,852$1,535$1,267$594
18 years$2,484$2,055$1,690$1,383$1,126$500
19 years$2,328$1,905$1,548$1,250$1,004$422
20 years$2,189$1,770$1,420$1,132$897$356
21 years$2,063$1,649$1,306$1,027$802$301
22 years$1,948$1,539$1,204$934$719$255
23 years$1,844$1,439$1,112$851$646$216
24 years$1,748$1,349$1,028$776$580$183
25 years$1,660$1,266$952$708$522$155
26 years$1,579$1,189$883$648$470$131
27 years$1,505$1,119$820$593$424$111
28 years$1,435$1,055$762$543$383$95
29 years$1,371$995$709$498$346$80
30 years$1,311$940$661$457$312$68
31 years$1,255$888$616$420$282$58
32 years$1,202$841$575$386$255$49
33 years$1,153$796$537$355$231$42
34 years$1,107$754$501$327$209$36
35 years$1,064$716$469$301$189$30
36 years$1,023$679$439$277$172$26
37 years$984$645$411$255$156$22
38 years$948$613$384$235$141$19
39 years$913$583$360$217$128$16
40 years$880$555$338$200$116$13
41 years$849$528$317$184$105$11
42 years$820$503$297$170$96$10
43 years$792$479$279$157$87$8
44 years$765$457$262$145$79$7
45 years$740$435$246$134$71$6
46 years$715$415$231$124$65$5
47 years$692$396$217$114$59$4
48 years$670$378$204$106$53$4
49 years$649$361$191$98$49$3
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 $5,396 every year, while hoping to spend $35,607 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: 65/12/23 Blend
39$644,000$644,000$644,000$644,000
40$715,254$681,122$671,140$757,165
41$750,324$676,611$655,738$781,528
42$787,778$670,686$638,626$803,638
43$827,822$663,240$619,710$826,986
44$870,680$654,159$598,890$851,694
45$916,600$643,323$576,064$877,901
46$965,853$630,606$551,121$905,759
47$1,018,735$615,871$523,950$935,437
48$1,075,575$598,978$494,431$967,123
49$1,136,729$579,773$462,440$1,001,024
50$1,202,592$558,098$427,848$1,037,372
51$1,273,595$533,784$390,519$1,076,424
52$1,350,213$506,650$350,313$1,118,463
53$1,432,967$476,509$307,081$1,163,803
54$1,522,431$443,159$260,669$1,212,794
55$1,619,234$406,389$210,917$1,265,822
56$1,724,069$365,975$157,656$1,323,314
57$1,837,697$321,680$100,710$1,385,745
58$1,960,954$273,255$39,896$1,453,640
59$2,094,762$220,435$0$1,527,578
60$2,240,133$162,941$0$1,614,340
61$2,398,180$100,479$0$1,719,347
62$2,570,129$32,737$0$1,833,636
63$2,757,327$0$0$1,958,132
64$2,961,259$0$0$2,099,216
65$3,183,557$0$0$2,257,757
66$3,426,017$0$0$2,430,718
67$3,690,616$0$0$2,619,515
68$3,979,532$0$0$2,825,707
69$4,295,160$0$0$3,051,009
70$4,640,138$0$0$3,297,310
71$5,017,370$0$0$3,566,689
72$5,430,054$0$0$3,861,436
73$5,881,710$0$0$4,184,072
74$6,376,216$0$0$4,537,374
75$6,917,841$0$0$4,924,397
76$7,511,285$0$0$5,348,509
77$8,161,727$0$0$5,813,419
78$8,874,870$0$0$6,323,209
79$9,656,994$0$0$6,882,377
80$10,515,016$0$0$7,495,878
81$11,456,556$0$0$8,169,169
82$12,490,007$0$0$8,908,259
83$13,624,613$0$0$9,719,770
84$14,870,560$0$0$10,610,996
85$16,239,064$0$0$11,589,971
86$17,742,485$0$0$12,665,546
87$19,394,436$0$0$13,847,471
88$21,209,916$0$0$15,146,490
89$23,205,448$0$0$16,574,435
90$25,399,236$0$0$18,144,345
91$27,811,336$0$0$19,870,585
92$30,463,843$0$0$21,768,980
93$33,381,103$0$0$23,856,966
94$36,589,936$0$0$26,153,755
95$40,119,895$0$0$28,680,512
96$44,003,540$0$0$31,460,560
97$48,276,746$0$0$34,519,594
98$52,979,042$0$0$37,885,926
99$58,153,981$0$0$41,590,751
100$63,849,553$0$0$45,668,444