Can I retire at age 40 with 645,000?

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 $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%12.1%
1 years$53,263$52,789$52,326$51,874$51,433$50,981
2 years$26,368$25,877$25,401$24,940$24,492$24,036
3 years$17,404$16,911$16,436$15,979$15,539$15,094
4 years$12,923$12,431$11,961$11,512$11,082$10,651
5 years$10,235$9,746$9,282$8,842$8,425$8,009
6 years$8,444$7,959$7,502$7,071$6,666$6,266
7 years$7,165$6,684$6,234$5,814$5,421$5,038
8 years$6,206$5,729$5,287$4,877$4,498$4,130
9 years$5,460$4,988$4,554$4,154$3,788$3,436
10 years$4,864$4,397$3,970$3,581$3,227$2,891
11 years$4,377$3,914$3,495$3,116$2,775$2,455
12 years$3,971$3,513$3,102$2,734$2,405$2,100
13 years$3,628$3,175$2,771$2,413$2,097$1,807
14 years$3,334$2,886$2,490$2,142$1,839$1,562
15 years$3,080$2,636$2,248$1,911$1,619$1,357
16 years$2,858$2,419$2,038$1,711$1,431$1,182
17 years$2,662$2,228$1,855$1,537$1,269$1,033
18 years$2,488$2,058$1,693$1,385$1,128$905
19 years$2,332$1,908$1,550$1,252$1,005$795
20 years$2,192$1,773$1,422$1,134$898$699
21 years$2,066$1,651$1,308$1,029$804$616
22 years$1,951$1,541$1,206$935$720$544
23 years$1,847$1,442$1,113$852$647$481
24 years$1,751$1,351$1,030$777$581$425
25 years$1,663$1,268$954$710$523$377
26 years$1,582$1,191$885$649$471$334
27 years$1,507$1,121$821$594$425$296
28 years$1,438$1,056$764$544$383$263
29 years$1,373$997$711$499$346$233
30 years$1,313$941$662$458$313$207
31 years$1,257$890$617$421$283$184
32 years$1,204$842$576$387$256$164
33 years$1,155$797$538$355$231$146
34 years$1,109$756$502$327$210$130
35 years$1,065$717$470$301$190$115
36 years$1,024$680$439$277$172$103
37 years$986$646$411$255$156$91
38 years$949$614$385$235$141$81
39 years$915$584$361$217$128$73
40 years$882$556$338$200$116$65
41 years$851$529$317$185$105$58
42 years$821$504$297$171$96$51
43 years$793$480$279$157$87$46
44 years$766$457$262$145$79$41
45 years$741$436$246$134$72$36
46 years$717$416$231$124$65$32
47 years$693$397$217$115$59$29
48 years$671$379$204$106$54$26
49 years$650$362$192$98$49$23
50 years$630$346$180$90$44$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $645,000, adding $6,483 every year, while hoping to spend $53,532 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: 59/26/15 Blend
39$645,000$645,000$645,000$645,000
40$717,477$683,292$673,295$756,707
41$733,702$659,816$638,892$760,481
42$749,788$633,395$601,544$758,083
43$765,664$603,829$561,093$754,215
44$781,250$570,905$517,378$748,741
45$796,457$534,399$470,230$741,516
46$811,184$494,073$419,471$732,382
47$825,318$449,675$364,916$721,168
48$838,733$400,942$306,373$707,691
49$851,286$347,591$243,639$691,751
50$862,821$289,326$176,504$673,131
51$873,160$225,835$104,749$651,598
52$882,108$156,786$28,143$626,898
53$889,444$81,830$0$598,756
54$894,926$598$0$575,455
55$898,281$0$0$553,457
56$899,209$0$0$552,921
57$897,375$0$0$550,729
58$892,407$0$0$546,468
59$883,893$0$0$539,868
60$871,374$0$0$530,632
61$854,345$0$0$518,428
62$832,242$0$0$502,890
63$804,443$0$0$483,612
64$770,259$0$0$460,145
65$728,927$0$0$431,991
66$679,603$0$0$398,600
67$621,351$0$0$359,363
68$553,139$0$0$313,607
69$473,825$0$0$260,589
70$382,145$0$0$199,485
71$276,703$0$0$129,386
72$155,957$0$0$49,288
73$18,202$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0