Can I retire at age 40 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$53,429$52,953$52,488$52,035$51,593$50,102
2 years$26,450$25,957$25,480$25,017$24,568$23,078
3 years$17,458$16,963$16,487$16,029$15,587$14,144
4 years$12,963$12,470$11,998$11,548$11,117$9,732
5 years$10,267$9,777$9,311$8,870$8,451$7,129
6 years$8,470$7,983$7,525$7,093$6,687$5,428
7 years$7,187$6,704$6,253$5,832$5,438$4,243
8 years$6,225$5,747$5,303$4,892$4,511$3,379
9 years$5,477$5,004$4,568$4,167$3,799$2,728
10 years$4,879$4,410$3,982$3,592$3,237$2,226
11 years$4,391$3,926$3,506$3,126$2,784$1,832
12 years$3,984$3,524$3,111$2,742$2,413$1,517
13 years$3,639$3,185$2,780$2,421$2,104$1,263
14 years$3,345$2,895$2,498$2,149$1,844$1,056
15 years$3,090$2,645$2,255$1,916$1,624$886
16 years$2,866$2,426$2,045$1,716$1,435$745
17 years$2,670$2,235$1,860$1,542$1,272$628
18 years$2,495$2,065$1,698$1,389$1,131$531
19 years$2,339$1,914$1,555$1,255$1,008$449
20 years$2,199$1,778$1,427$1,137$901$381
21 years$2,072$1,656$1,312$1,032$806$323
22 years$1,957$1,546$1,210$938$723$274
23 years$1,852$1,446$1,117$855$649$233
24 years$1,756$1,355$1,033$779$583$198
25 years$1,668$1,271$957$712$525$169
26 years$1,587$1,195$887$651$473$144
27 years$1,512$1,125$824$596$426$122
28 years$1,442$1,060$766$546$384$104
29 years$1,377$1,000$713$501$347$89
30 years$1,317$944$664$459$314$76
31 years$1,261$893$619$422$284$65
32 years$1,208$845$577$388$257$55
33 years$1,159$800$539$357$232$47
34 years$1,112$758$504$328$210$40
35 years$1,069$719$471$302$190$34
36 years$1,028$682$441$278$172$29
37 years$989$648$412$256$156$25
38 years$952$616$386$236$142$21
39 years$917$586$362$218$129$18
40 years$885$557$339$201$117$16
41 years$853$530$318$185$106$13
42 years$824$505$298$171$96$11
43 years$796$481$280$158$87$10
44 years$769$459$263$146$79$8
45 years$743$438$247$135$72$7
46 years$719$417$232$124$65$6
47 years$696$398$218$115$59$5
48 years$673$380$205$106$54$4
49 years$652$363$192$98$49$4
50 years$632$347$181$91$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $647,000, adding $6,670 every year, while hoping to spend $34,157 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: 58/14/28 Blend
39$647,000$647,000$647,000$647,000
40$719,874$685,583$675,555$755,773
41$756,958$682,834$661,843$778,363
42$796,681$678,805$646,527$798,814
43$839,274$673,398$629,517$820,411
44$884,993$666,508$610,720$843,273
45$934,119$658,024$590,036$867,536
46$986,961$647,828$567,363$893,349
47$1,043,855$635,796$542,594$920,880
48$1,105,173$621,796$515,616$950,313
49$1,171,324$605,687$486,312$981,856
50$1,242,755$587,321$454,560$1,015,736
51$1,319,958$566,542$420,230$1,052,210
52$1,403,475$543,184$383,189$1,091,559
53$1,493,901$517,071$343,297$1,134,098
54$1,591,889$488,018$300,407$1,180,175
55$1,698,158$455,827$254,368$1,230,177
56$1,813,500$420,292$205,018$1,284,533
57$1,938,784$381,193$152,193$1,343,718
58$2,074,966$338,298$95,718$1,408,259
59$2,223,099$291,362$35,411$1,478,742
60$2,384,342$240,124$0$1,555,812
61$2,559,967$184,313$0$1,648,836
62$2,751,377$123,638$0$1,761,812
63$2,960,116$57,794$0$1,885,089
64$3,187,880$0$0$2,019,707
65$3,436,541$0$0$2,168,894
66$3,708,155$0$0$2,341,629
67$4,004,988$0$0$2,530,456
68$4,329,534$0$0$2,736,968
69$4,684,539$0$0$2,962,918
70$5,073,026$0$0$3,210,239
71$5,498,324$0$0$3,481,058
72$5,964,101$0$0$3,777,716
73$6,474,392$0$0$4,102,793
74$7,033,645$0$0$4,459,131
75$7,646,755$0$0$4,849,857
76$8,319,117$0$0$5,278,418
77$9,056,670$0$0$5,748,609
78$9,865,958$0$0$6,264,612
79$10,754,185$0$0$6,831,030
80$11,729,293$0$0$7,452,937
81$12,800,023$0$0$8,135,921
82$13,976,010$0$0$8,886,136
83$15,267,865$0$0$9,710,365
84$16,687,277$0$0$10,616,077
85$18,247,125$0$0$11,611,502
86$19,961,597$0$0$12,705,707
87$21,846,323$0$0$13,908,680
88$23,918,523$0$0$15,231,427
89$26,197,170$0$0$16,686,072
90$28,703,165$0$0$18,285,974
91$31,459,540$0$0$20,045,850
92$34,491,667$0$0$21,981,917
93$37,827,504$0$0$24,112,042
94$41,497,853$0$0$26,455,910
95$45,536,654$0$0$29,035,212
96$49,981,303$0$0$31,873,849
97$54,873,003$0$0$34,998,153
98$60,257,154$0$0$38,437,142
99$66,183,783$0$0$42,222,786
100$72,708,011$0$0$46,390,316