Can I retire at age 40 with 646,000?

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 $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%14.7%
1 years$53,346$52,871$52,407$51,955$51,513$50,514
2 years$26,409$25,917$25,440$24,978$24,530$23,528
3 years$17,431$16,937$16,462$16,004$15,563$14,588
4 years$12,943$12,451$11,980$11,530$11,100$10,161
5 years$10,251$9,761$9,297$8,856$8,438$7,537
6 years$8,457$7,971$7,513$7,082$6,676$5,814
7 years$7,176$6,694$6,244$5,823$5,430$4,607
8 years$6,215$5,738$5,295$4,885$4,504$3,721
9 years$5,469$4,996$4,561$4,161$3,793$3,048
10 years$4,872$4,404$3,976$3,586$3,232$2,525
11 years$4,384$3,920$3,500$3,121$2,780$2,109
12 years$3,977$3,519$3,107$2,738$2,409$1,774
13 years$3,634$3,180$2,775$2,417$2,101$1,501
14 years$3,340$2,890$2,494$2,146$1,841$1,276
15 years$3,085$2,640$2,252$1,913$1,621$1,088
16 years$2,862$2,423$2,041$1,713$1,433$931
17 years$2,666$2,231$1,858$1,539$1,271$799
18 years$2,491$2,062$1,696$1,387$1,130$687
19 years$2,336$1,911$1,552$1,254$1,007$592
20 years$2,196$1,775$1,425$1,135$899$511
21 years$2,069$1,654$1,310$1,030$805$442
22 years$1,954$1,544$1,208$937$721$382
23 years$1,849$1,444$1,115$853$648$331
24 years$1,754$1,353$1,031$778$582$287
25 years$1,665$1,270$955$711$524$249
26 years$1,584$1,193$886$650$472$216
27 years$1,509$1,123$823$595$425$188
28 years$1,440$1,058$765$545$384$163
29 years$1,375$998$712$500$347$142
30 years$1,315$943$663$459$313$123
31 years$1,259$891$618$421$283$107
32 years$1,206$843$577$387$256$93
33 years$1,157$799$538$356$232$81
34 years$1,111$757$503$328$210$71
35 years$1,067$718$470$302$190$62
36 years$1,026$681$440$278$172$54
37 years$987$647$412$256$156$47
38 years$951$615$386$236$142$41
39 years$916$585$361$217$128$35
40 years$883$556$339$201$116$31
41 years$852$530$318$185$106$27
42 years$822$504$298$171$96$23
43 years$794$481$279$158$87$20
44 years$768$458$262$146$79$18
45 years$742$437$246$134$72$16
46 years$718$417$231$124$65$14
47 years$694$398$217$115$59$12
48 years$672$380$204$106$54$10
49 years$651$363$192$98$49$9
50 years$631$346$181$91$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $646,000, adding $4,839 every year, while hoping to spend $24,740 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: 53/25/22 Blend
39$646,000$646,000$646,000$646,000
40$716,883$682,645$672,632$750,295
41$763,682$689,772$668,842$780,943
42$814,426$696,418$664,096$811,305
43$869,489$702,535$658,336$843,823
44$929,287$708,070$651,500$878,711
45$994,275$712,965$643,526$916,205
46$1,064,952$717,162$634,345$956,568
47$1,141,870$720,596$623,889$1,000,087
48$1,225,636$723,199$612,083$1,047,083
49$1,316,915$724,900$598,852$1,097,909
50$1,416,441$725,622$584,115$1,152,955
51$1,525,024$725,282$567,788$1,212,653
52$1,643,551$723,796$549,784$1,277,480
53$1,773,001$721,070$530,010$1,347,962
54$1,914,452$717,008$508,371$1,424,681
55$2,069,091$711,506$484,765$1,508,281
56$2,238,223$704,454$459,089$1,599,471
57$2,423,285$695,736$431,233$1,699,036
58$2,625,862$685,229$401,081$1,807,842
59$2,847,697$672,802$368,515$1,926,847
60$3,090,711$658,318$333,408$2,057,108
61$3,357,017$641,629$295,630$2,199,790
62$3,648,944$622,580$255,046$2,356,183
63$3,969,057$601,008$211,511$2,527,710
64$4,320,182$576,738$164,877$2,715,941
65$4,705,429$549,587$114,989$2,922,610
66$5,128,226$519,359$61,684$3,149,630
67$5,592,347$485,851$4,793$3,399,114
68$6,101,952$448,843$0$3,673,395
69$6,661,621$408,106$0$3,988,171
70$7,276,400$363,397$0$4,335,210
71$7,951,848$314,459$0$4,716,565
72$8,694,090$261,020$0$5,135,742
73$9,509,872$202,795$0$5,596,604
74$10,406,626$139,479$0$6,103,414
75$11,392,542$70,754$0$6,660,870
76$12,476,641$0$0$7,274,153
77$13,668,863$0$0$7,949,997
78$14,980,159$0$0$8,714,819
79$16,422,596$0$0$9,556,202
80$18,009,466$0$0$10,481,909
81$19,755,418$0$0$11,500,493
82$21,676,590$0$0$12,621,380
83$23,790,764$0$0$13,854,955
84$26,117,533$0$0$15,212,659
85$28,678,487$0$0$16,707,101
86$31,497,412$0$0$18,352,172
87$34,600,520$0$0$20,163,181
88$38,016,691$0$0$22,156,993
89$41,777,750$0$0$24,352,196
90$45,918,762$0$0$26,769,267
91$50,478,368$0$0$29,430,774
92$55,499,144$0$0$32,361,583
93$61,028,007$0$0$35,589,093
94$67,116,654$0$0$39,143,498
95$73,822,053$0$0$43,058,068
96$81,206,976$0$0$47,369,466
97$89,340,597$0$0$52,118,089
98$98,299,137$0$0$57,348,456
99$108,166,592$0$0$63,109,621
100$119,035,517$0$0$69,455,642