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%18%
1 years$53,429$52,953$52,488$52,035$51,593$49,921
2 years$26,450$25,957$25,480$25,017$24,568$22,900
3 years$17,458$16,963$16,487$16,029$15,587$13,974
4 years$12,963$12,470$11,998$11,548$11,117$9,572
5 years$10,267$9,777$9,311$8,870$8,451$6,978
6 years$8,470$7,983$7,525$7,093$6,687$5,287
7 years$7,187$6,704$6,253$5,832$5,438$4,112
8 years$6,225$5,747$5,303$4,892$4,511$3,257
9 years$5,477$5,004$4,568$4,167$3,799$2,616
10 years$4,879$4,410$3,982$3,592$3,237$2,122
11 years$4,391$3,926$3,506$3,126$2,784$1,736
12 years$3,984$3,524$3,111$2,742$2,413$1,429
13 years$3,639$3,185$2,780$2,421$2,104$1,182
14 years$3,345$2,895$2,498$2,149$1,844$982
15 years$3,090$2,645$2,255$1,916$1,624$819
16 years$2,866$2,426$2,045$1,716$1,435$684
17 years$2,670$2,235$1,860$1,542$1,272$573
18 years$2,495$2,065$1,698$1,389$1,131$481
19 years$2,339$1,914$1,555$1,255$1,008$405
20 years$2,199$1,778$1,427$1,137$901$340
21 years$2,072$1,656$1,312$1,032$806$287
22 years$1,957$1,546$1,210$938$723$242
23 years$1,852$1,446$1,117$855$649$204
24 years$1,756$1,355$1,033$779$583$172
25 years$1,668$1,271$957$712$525$146
26 years$1,587$1,195$887$651$473$123
27 years$1,512$1,125$824$596$426$104
28 years$1,442$1,060$766$546$384$88
29 years$1,377$1,000$713$501$347$75
30 years$1,317$944$664$459$314$63
31 years$1,261$893$619$422$284$53
32 years$1,208$845$577$388$257$45
33 years$1,159$800$539$357$232$38
34 years$1,112$758$504$328$210$32
35 years$1,069$719$471$302$190$27
36 years$1,028$682$441$278$172$23
37 years$989$648$412$256$156$20
38 years$952$616$386$236$142$17
39 years$917$586$362$218$129$14
40 years$885$557$339$201$117$12
41 years$853$530$318$185$106$10
42 years$824$505$298$171$96$9
43 years$796$481$280$158$87$7
44 years$769$459$263$146$79$6
45 years$743$438$247$135$72$5
46 years$719$417$232$124$65$4
47 years$696$398$218$115$59$4
48 years$673$380$205$106$54$3
49 years$652$363$192$98$49$3
50 years$632$347$181$91$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $647,000, adding $6,985 every year, while hoping to spend $37,432 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: 52/25/23 Blend
39$647,000$647,000$647,000$647,000
40$720,199$685,908$675,880$752,716
41$753,832$679,690$658,694$769,707
42$789,641$671,913$639,678$783,759
43$827,808$662,461$618,732$798,266
44$868,534$651,211$595,748$813,288
45$912,037$638,032$570,618$828,887
46$958,556$622,788$543,226$845,140
47$1,008,356$605,331$513,451$862,128
48$1,061,724$585,508$481,167$879,948
49$1,118,977$563,155$446,244$898,706
50$1,180,462$538,099$408,542$918,524
51$1,246,560$510,157$367,919$939,538
52$1,317,689$479,135$324,224$961,901
53$1,394,309$444,828$277,301$985,785
54$1,476,924$407,019$226,986$1,011,384
55$1,566,087$365,481$173,108$1,038,914
56$1,662,409$319,970$115,488$1,068,620
57$1,766,558$270,232$53,940$1,100,774
58$1,879,270$215,996$0$1,135,679
59$2,001,352$156,977$0$1,176,558
60$2,133,695$92,873$0$1,235,223
61$2,277,274$23,367$0$1,298,899
62$2,433,167$0$0$1,368,115
63$2,602,554$0$0$1,457,725
64$2,786,736$0$0$1,562,209
65$2,987,144$0$0$1,675,958
66$3,205,354$0$0$1,799,873
67$3,443,097$0$0$1,934,946
68$3,702,279$0$0$2,082,268
69$3,985,000$0$0$2,243,041
70$4,293,568$0$0$2,418,586
71$4,630,527$0$0$2,610,360
72$4,998,674$0$0$2,819,965
73$5,401,091$0$0$3,049,166
74$5,841,170$0$0$3,299,903
75$6,322,646$0$0$3,574,318
76$6,849,632$0$0$3,874,764
77$7,426,655$0$0$4,203,835
78$8,058,703$0$0$4,564,388
79$8,751,267$0$0$4,959,567
80$9,510,396$0$0$5,392,838
81$10,342,751$0$0$5,868,015
82$11,255,669$0$0$6,389,302
83$12,257,230$0$0$6,961,326
84$13,356,334$0$0$7,589,186
85$14,562,787$0$0$8,278,499
86$15,887,387$0$0$9,035,451
87$17,342,031$0$0$9,866,858
88$18,939,824$0$0$10,780,227
89$20,695,203$0$0$11,783,827
90$22,624,070$0$0$12,886,772
91$24,743,948$0$0$14,099,099
92$27,074,139$0$0$15,431,866
93$29,635,907$0$0$16,897,256
94$32,452,683$0$0$18,508,694
95$35,550,277$0$0$20,280,968
96$38,957,131$0$0$22,230,372
97$42,704,576$0$0$24,374,859
98$46,827,136$0$0$26,734,209
99$51,362,847$0$0$29,330,215
100$56,353,621$0$0$32,186,892