Can I retire at age 40 with 647,000?

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 $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%17.7%
1 years$53,429$52,953$52,488$52,035$51,593$49,981
2 years$26,450$25,957$25,480$25,017$24,568$22,959
3 years$17,458$16,963$16,487$16,029$15,587$14,030
4 years$12,963$12,470$11,998$11,548$11,117$9,625
5 years$10,267$9,777$9,311$8,870$8,451$7,028
6 years$8,470$7,983$7,525$7,093$6,687$5,334
7 years$7,187$6,704$6,253$5,832$5,438$4,155
8 years$6,225$5,747$5,303$4,892$4,511$3,297
9 years$5,477$5,004$4,568$4,167$3,799$2,653
10 years$4,879$4,410$3,982$3,592$3,237$2,157
11 years$4,391$3,926$3,506$3,126$2,784$1,767
12 years$3,984$3,524$3,111$2,742$2,413$1,458
13 years$3,639$3,185$2,780$2,421$2,104$1,209
14 years$3,345$2,895$2,498$2,149$1,844$1,006
15 years$3,090$2,645$2,255$1,916$1,624$841
16 years$2,866$2,426$2,045$1,716$1,435$704
17 years$2,670$2,235$1,860$1,542$1,272$591
18 years$2,495$2,065$1,698$1,389$1,131$497
19 years$2,339$1,914$1,555$1,255$1,008$419
20 years$2,199$1,778$1,427$1,137$901$353
21 years$2,072$1,656$1,312$1,032$806$298
22 years$1,957$1,546$1,210$938$723$252
23 years$1,852$1,446$1,117$855$649$213
24 years$1,756$1,355$1,033$779$583$181
25 years$1,668$1,271$957$712$525$153
26 years$1,587$1,195$887$651$473$130
27 years$1,512$1,125$824$596$426$110
28 years$1,442$1,060$766$546$384$93
29 years$1,377$1,000$713$501$347$79
30 years$1,317$944$664$459$314$67
31 years$1,261$893$619$422$284$57
32 years$1,208$845$577$388$257$48
33 years$1,159$800$539$357$232$41
34 years$1,112$758$504$328$210$35
35 years$1,069$719$471$302$190$30
36 years$1,028$682$441$278$172$25
37 years$989$648$412$256$156$21
38 years$952$616$386$236$142$18
39 years$917$586$362$218$129$15
40 years$885$557$339$201$117$13
41 years$853$530$318$185$106$11
42 years$824$505$298$171$96$9
43 years$796$481$280$158$87$8
44 years$769$459$263$146$79$7
45 years$743$438$247$135$72$6
46 years$719$417$232$124$65$5
47 years$696$398$218$115$59$4
48 years$673$380$205$106$54$4
49 years$652$363$192$98$49$3
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 $3,025 every year, while hoping to spend $23,350 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: 67/21/12 Blend
39$647,000$647,000$647,000$647,000
40$716,114$681,823$671,795$761,993
41$764,314$690,388$669,456$801,488
42$816,647$698,591$666,256$841,603
43$873,511$706,388$662,141$884,862
44$935,342$713,734$657,056$931,571
45$1,002,621$720,581$650,942$982,067
46$1,075,877$726,878$643,737$1,036,721
47$1,155,691$732,570$635,377$1,095,944
48$1,242,704$737,597$625,794$1,160,185
49$1,337,619$741,899$614,917$1,229,944
50$1,441,213$745,409$602,674$1,305,769
51$1,554,339$748,056$588,985$1,388,265
52$1,677,936$749,765$573,771$1,478,100
53$1,813,039$750,458$556,946$1,576,010
54$1,960,788$750,049$538,423$1,682,805
55$2,122,436$748,449$518,107$1,799,381
56$2,299,364$745,562$495,903$1,926,724
57$2,493,092$741,288$471,709$2,065,922
58$2,705,295$735,519$445,419$2,218,175
59$2,937,817$728,141$416,922$2,384,805
60$3,192,688$719,034$386,104$2,567,272
61$3,472,146$708,070$352,841$2,767,183
62$3,778,653$695,114$317,010$2,986,311
63$4,114,923$680,022$278,477$3,226,613
64$4,483,944$662,641$237,105$3,490,245
65$4,889,008$642,813$192,749$3,779,583
66$5,333,741$620,365$145,261$4,097,248
67$5,822,138$595,118$94,482$4,446,133
68$6,358,598$566,881$40,250$4,829,421
69$6,947,969$535,452$0$5,250,628
70$7,595,592$500,619$0$5,715,884
71$8,307,348$462,155$0$6,232,849
72$9,089,718$419,821$0$6,801,097
73$9,949,844$373,367$0$7,425,844
74$10,895,591$322,525$0$8,112,840
75$11,935,627$267,014$0$8,868,421
76$13,079,499$206,537$0$9,699,572
77$14,337,730$140,779$0$10,613,993
78$15,721,910$69,408$0$11,620,167
79$17,244,811$0$0$12,727,448
80$18,920,504$0$0$13,947,975
81$20,764,495$0$0$15,308,781
82$22,793,868$0$0$16,806,440
83$25,027,445$0$0$18,454,849
84$27,485,968$0$0$20,269,321
85$30,192,291$0$0$22,266,731
86$33,171,596$0$0$24,465,669
87$36,451,629$0$0$26,886,622
88$40,062,967$0$0$29,552,165
89$44,039,300$0$0$32,487,170
90$48,417,750$0$0$35,719,048
91$53,239,226$0$0$39,278,000
92$58,548,802$0$0$43,197,308
93$64,396,149$0$0$47,513,642
94$70,836,000$0$0$52,267,414
95$77,928,665$0$0$57,503,153
96$85,740,606$0$0$63,269,928
97$94,345,056$0$0$69,621,810
98$103,822,715$0$0$76,618,382
99$114,262,511$0$0$84,325,302
100$125,762,438$0$0$92,814,920