Can I retire at age 40 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$53,346$52,871$52,407$51,955$51,513$50,247
2 years$26,409$25,917$25,440$24,978$24,530$23,263
3 years$17,431$16,937$16,462$16,004$15,563$14,333
4 years$12,943$12,451$11,980$11,530$11,100$9,918
5 years$10,251$9,761$9,297$8,856$8,438$7,306
6 years$8,457$7,971$7,513$7,082$6,676$5,597
7 years$7,176$6,694$6,244$5,823$5,430$4,402
8 years$6,215$5,738$5,295$4,885$4,504$3,529
9 years$5,469$4,996$4,561$4,161$3,793$2,868
10 years$4,872$4,404$3,976$3,586$3,232$2,357
11 years$4,384$3,920$3,500$3,121$2,780$1,953
12 years$3,977$3,519$3,107$2,738$2,409$1,629
13 years$3,634$3,180$2,775$2,417$2,101$1,366
14 years$3,340$2,890$2,494$2,146$1,841$1,151
15 years$3,085$2,640$2,252$1,913$1,621$973
16 years$2,862$2,423$2,041$1,713$1,433$825
17 years$2,666$2,231$1,858$1,539$1,271$701
18 years$2,491$2,062$1,696$1,387$1,130$597
19 years$2,336$1,911$1,552$1,254$1,007$510
20 years$2,196$1,775$1,425$1,135$899$435
21 years$2,069$1,654$1,310$1,030$805$373
22 years$1,954$1,544$1,208$937$721$319
23 years$1,849$1,444$1,115$853$648$274
24 years$1,754$1,353$1,031$778$582$235
25 years$1,665$1,270$955$711$524$202
26 years$1,584$1,193$886$650$472$173
27 years$1,509$1,123$823$595$425$149
28 years$1,440$1,058$765$545$384$128
29 years$1,375$998$712$500$347$110
30 years$1,315$943$663$459$313$95
31 years$1,259$891$618$421$283$82
32 years$1,206$843$577$387$256$70
33 years$1,157$799$538$356$232$60
34 years$1,111$757$503$328$210$52
35 years$1,067$718$470$302$190$45
36 years$1,026$681$440$278$172$39
37 years$987$647$412$256$156$33
38 years$951$615$386$236$142$29
39 years$916$585$361$217$128$25
40 years$883$556$339$201$116$21
41 years$852$530$318$185$106$18
42 years$822$504$298$171$96$16
43 years$794$481$279$158$87$14
44 years$768$458$262$146$79$12
45 years$742$437$246$134$72$10
46 years$718$417$231$124$65$9
47 years$694$398$217$115$59$8
48 years$672$380$204$106$54$6
49 years$651$363$192$98$49$6
50 years$631$346$181$91$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $646,000, adding $2,055 every year, while hoping to spend $31,482 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: 54/30/16 Blend
39$646,000$646,000$646,000$646,000
40$714,012$679,774$669,761$749,411
41$753,344$679,586$658,701$773,606
42$795,634$678,334$646,216$796,392
43$841,148$675,932$632,224$820,489
44$890,183$672,290$616,641$846,030
45$943,060$667,312$599,377$873,162
46$1,000,137$660,894$580,341$902,049
47$1,061,804$652,931$559,435$932,875
48$1,128,489$643,306$536,558$965,842
49$1,200,666$631,899$511,603$1,001,175
50$1,278,852$618,580$484,460$1,039,124
51$1,363,618$603,214$455,013$1,079,967
52$1,455,592$585,656$423,141$1,124,011
53$1,555,463$565,754$388,716$1,171,598
54$1,663,990$543,345$351,608$1,223,107
55$1,782,007$518,260$311,677$1,278,958
56$1,910,434$490,316$268,780$1,339,617
57$2,050,280$459,323$222,766$1,405,600
58$2,202,657$425,079$173,477$1,477,480
59$2,368,788$387,368$120,749$1,555,889
60$2,550,022$345,966$64,411$1,641,531
61$2,747,839$300,633$4,284$1,735,181
62$2,963,871$251,117$0$1,837,702
63$3,199,915$197,150$0$1,960,269
64$3,457,947$138,452$0$2,095,159
65$3,740,146$74,725$0$2,242,840
66$4,048,908$5,653$0$2,404,641
67$4,386,873$0$0$2,582,028
68$4,756,946$0$0$2,799,428
69$5,162,330$0$0$3,039,676
70$5,606,548$0$0$3,303,003
71$6,093,482$0$0$3,591,718
72$6,627,409$0$0$3,908,364
73$7,213,036$0$0$4,255,742
74$7,855,551$0$0$4,636,937
75$8,560,666$0$0$5,055,348
76$9,334,674$0$0$5,514,718
77$10,184,507$0$0$6,019,171
78$11,117,800$0$0$6,573,250
79$12,142,964$0$0$7,181,959
80$13,269,267$0$0$7,850,811
81$14,506,916$0$0$8,585,879
82$15,867,157$0$0$9,393,854
83$17,362,379$0$0$10,282,107
84$19,006,232$0$0$11,258,759
85$20,813,754$0$0$12,332,759
86$22,801,514$0$0$13,513,962
87$24,987,765$0$0$14,813,231
88$27,392,619$0$0$16,242,532
89$30,038,235$0$0$17,815,050
90$32,949,029$0$0$19,545,312
91$36,151,901$0$0$21,449,324
92$39,676,490$0$0$23,544,723
93$43,555,457$0$0$25,850,940
94$47,824,785$0$0$28,389,389
95$52,524,125$0$0$31,183,661
96$57,697,165$0$0$34,259,754
97$63,392,047$0$0$37,646,311
98$69,661,814$0$0$41,374,898
99$76,564,916$0$0$45,480,293
100$84,165,759$0$0$50,000,821