Can I retire at age 40 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$53,263$52,789$52,326$51,874$51,433$51,109
2 years$26,368$25,877$25,401$24,940$24,492$24,165
3 years$17,404$16,911$16,436$15,979$15,539$15,219
4 years$12,923$12,431$11,961$11,512$11,082$10,772
5 years$10,235$9,746$9,282$8,842$8,425$8,125
6 years$8,444$7,959$7,502$7,071$6,666$6,378
7 years$7,165$6,684$6,234$5,814$5,421$5,144
8 years$6,206$5,729$5,287$4,877$4,498$4,232
9 years$5,460$4,988$4,554$4,154$3,788$3,533
10 years$4,864$4,397$3,970$3,581$3,227$2,984
11 years$4,377$3,914$3,495$3,116$2,775$2,543
12 years$3,971$3,513$3,102$2,734$2,405$2,183
13 years$3,628$3,175$2,771$2,413$2,097$1,886
14 years$3,334$2,886$2,490$2,142$1,839$1,637
15 years$3,080$2,636$2,248$1,911$1,619$1,427
16 years$2,858$2,419$2,038$1,711$1,431$1,249
17 years$2,662$2,228$1,855$1,537$1,269$1,096
18 years$2,488$2,058$1,693$1,385$1,128$964
19 years$2,332$1,908$1,550$1,252$1,005$850
20 years$2,192$1,773$1,422$1,134$898$752
21 years$2,066$1,651$1,308$1,029$804$665
22 years$1,951$1,541$1,206$935$720$590
23 years$1,847$1,442$1,113$852$647$524
24 years$1,751$1,351$1,030$777$581$465
25 years$1,663$1,268$954$710$523$414
26 years$1,582$1,191$885$649$471$369
27 years$1,507$1,121$821$594$425$328
28 years$1,438$1,056$764$544$383$293
29 years$1,373$997$711$499$346$261
30 years$1,313$941$662$458$313$233
31 years$1,257$890$617$421$283$208
32 years$1,204$842$576$387$256$186
33 years$1,155$797$538$355$231$166
34 years$1,109$756$502$327$210$149
35 years$1,065$717$470$301$190$133
36 years$1,024$680$439$277$172$119
37 years$986$646$411$255$156$107
38 years$949$614$385$235$141$95
39 years$915$584$361$217$128$85
40 years$882$556$338$200$116$77
41 years$851$529$317$185$105$69
42 years$821$504$297$171$96$61
43 years$793$480$279$157$87$55
44 years$766$457$262$145$79$49
45 years$741$436$246$134$72$44
46 years$717$416$231$124$65$40
47 years$693$397$217$115$59$35
48 years$671$379$204$106$54$32
49 years$650$362$192$98$49$28
50 years$630$346$180$90$44$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $645,000, adding $3,167 every year, while hoping to spend $25,707 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: 46/48/6 Blend
39$645,000$645,000$645,000$645,000
40$714,057$679,872$669,874$745,601
41$759,539$685,833$664,963$773,572
42$808,798$691,226$659,026$800,952
43$862,193$695,993$652,001$830,048
44$920,117$700,078$643,824$861,027
45$983,005$703,417$634,427$894,073
46$1,051,331$705,944$623,740$929,390
47$1,125,621$707,589$611,689$967,203
48$1,206,450$708,277$598,197$1,007,762
49$1,294,453$707,928$583,182$1,051,343
50$1,390,329$706,458$566,560$1,098,253
51$1,494,845$703,777$548,242$1,148,831
52$1,608,846$699,789$528,135$1,203,451
53$1,733,264$694,395$506,143$1,262,529
54$1,869,122$687,485$482,165$1,326,523
55$2,017,549$678,948$456,093$1,395,941
56$2,179,785$668,663$427,818$1,471,346
57$2,357,197$656,501$397,224$1,553,359
58$2,551,290$642,329$364,190$1,642,666
59$2,763,721$626,002$328,590$1,740,029
60$2,996,314$607,369$290,291$1,846,287
61$3,251,078$586,271$249,156$1,962,370
62$3,530,226$562,536$205,041$2,089,306
63$3,836,194$535,986$157,795$2,228,229
64$4,171,667$506,430$107,262$2,380,395
65$4,539,600$473,668$53,278$2,547,190
66$4,943,248$437,487$0$2,730,149
67$5,386,198$397,662$0$2,931,241
68$5,872,398$353,955$0$3,155,719
69$6,406,201$306,117$0$3,402,248
70$6,992,398$253,882$0$3,673,123
71$7,636,269$196,968$0$3,970,879
72$8,343,631$135,082$0$4,298,317
73$9,120,890$67,910$0$4,658,526
74$9,975,105$0$0$5,054,918
75$10,914,052$0$0$5,493,838
76$11,946,299$0$0$6,015,885
77$13,081,284$0$0$6,589,974
78$14,329,406$0$0$7,221,374
79$15,702,122$0$0$7,915,893
80$17,212,055$0$0$8,679,928
81$18,873,113$0$0$9,520,527
82$20,700,620$0$0$10,445,458
83$22,711,461$0$0$11,463,278
84$24,924,237$0$0$12,583,416
85$27,359,447$0$0$13,816,261
86$30,039,676$0$0$15,173,259
87$32,989,809$0$0$16,667,026
88$36,237,268$0$0$18,311,458
89$39,812,267$0$0$20,121,872
90$43,748,097$0$0$22,115,140
91$48,081,444$0$0$24,309,859
92$52,852,730$0$0$26,726,516
93$58,106,498$0$0$29,387,690
94$63,891,827$0$0$32,318,258
95$70,262,801$0$0$35,545,634
96$77,279,017$0$0$39,100,026
97$85,006,142$0$0$43,014,721
98$93,516,542$0$0$47,326,400
99$102,889,954$0$0$52,075,482
100$113,214,249$0$0$57,306,507