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%17.4%
1 years$53,429$52,953$52,488$52,035$51,593$50,041
2 years$26,450$25,957$25,480$25,017$24,568$23,018
3 years$17,458$16,963$16,487$16,029$15,587$14,087
4 years$12,963$12,470$11,998$11,548$11,117$9,678
5 years$10,267$9,777$9,311$8,870$8,451$7,078
6 years$8,470$7,983$7,525$7,093$6,687$5,381
7 years$7,187$6,704$6,253$5,832$5,438$4,199
8 years$6,225$5,747$5,303$4,892$4,511$3,338
9 years$5,477$5,004$4,568$4,167$3,799$2,690
10 years$4,879$4,410$3,982$3,592$3,237$2,191
11 years$4,391$3,926$3,506$3,126$2,784$1,799
12 years$3,984$3,524$3,111$2,742$2,413$1,487
13 years$3,639$3,185$2,780$2,421$2,104$1,235
14 years$3,345$2,895$2,498$2,149$1,844$1,031
15 years$3,090$2,645$2,255$1,916$1,624$863
16 years$2,866$2,426$2,045$1,716$1,435$724
17 years$2,670$2,235$1,860$1,542$1,272$609
18 years$2,495$2,065$1,698$1,389$1,131$514
19 years$2,339$1,914$1,555$1,255$1,008$434
20 years$2,199$1,778$1,427$1,137$901$367
21 years$2,072$1,656$1,312$1,032$806$311
22 years$1,957$1,546$1,210$938$723$263
23 years$1,852$1,446$1,117$855$649$223
24 years$1,756$1,355$1,033$779$583$189
25 years$1,668$1,271$957$712$525$161
26 years$1,587$1,195$887$651$473$137
27 years$1,512$1,125$824$596$426$116
28 years$1,442$1,060$766$546$384$99
29 years$1,377$1,000$713$501$347$84
30 years$1,317$944$664$459$314$71
31 years$1,261$893$619$422$284$61
32 years$1,208$845$577$388$257$52
33 years$1,159$800$539$357$232$44
34 years$1,112$758$504$328$210$37
35 years$1,069$719$471$302$190$32
36 years$1,028$682$441$278$172$27
37 years$989$648$412$256$156$23
38 years$952$616$386$236$142$20
39 years$917$586$362$218$129$17
40 years$885$557$339$201$117$14
41 years$853$530$318$185$106$12
42 years$824$505$298$171$96$10
43 years$796$481$280$158$87$9
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$5
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 $6,734 every year, while hoping to spend $40,431 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: 70/11/19 Blend
39$647,000$647,000$647,000$647,000
40$719,940$685,649$675,621$766,569
41$750,356$676,228$655,236$789,097
42$782,519$664,989$632,813$808,320
43$816,564$651,803$608,241$828,353
44$852,641$636,528$581,404$849,270
45$890,910$619,018$552,181$871,155
46$931,549$599,116$520,445$894,103
47$974,751$576,656$486,063$918,218
48$1,020,726$551,463$448,898$943,614
49$1,069,708$523,353$408,803$970,422
50$1,121,949$492,128$365,629$998,784
51$1,177,728$457,582$319,217$1,028,861
52$1,237,348$419,495$269,403$1,060,828
53$1,301,143$377,636$216,014$1,094,885
54$1,369,479$331,760$158,870$1,131,248
55$1,442,758$281,608$97,784$1,170,162
56$1,521,419$226,906$32,559$1,211,895
57$1,605,946$167,367$0$1,256,748
58$1,696,869$102,684$0$1,312,562
59$1,794,770$32,536$0$1,379,729
60$1,900,289$0$0$1,452,094
61$2,014,128$0$0$1,535,413
62$2,137,059$0$0$1,629,665
63$2,269,930$0$0$1,731,568
64$2,413,673$0$0$1,841,838
65$2,569,312$0$0$1,961,266
66$2,737,974$0$0$2,090,720
67$2,920,897$0$0$2,231,154
68$3,119,443$0$0$2,383,619
69$3,335,110$0$0$2,549,269
70$3,569,546$0$0$2,729,375
71$3,824,564$0$0$2,925,334
72$4,102,157$0$0$3,138,684
73$4,404,521$0$0$3,371,117
74$4,734,070$0$0$3,624,495
75$5,093,462$0$0$3,900,869
76$5,485,623$0$0$4,202,492
77$5,913,772$0$0$4,531,849
78$6,381,453$0$0$4,891,672
79$6,892,568$0$0$5,284,971
80$7,451,415$0$0$5,715,058
81$8,062,721$0$0$6,185,581
82$8,731,695$0$0$6,700,557
83$9,464,072$0$0$7,264,407
84$10,266,166$0$0$7,882,003
85$11,144,931$0$0$8,558,707
86$12,108,027$0$0$9,300,427
87$13,163,887$0$0$10,113,667
88$14,321,801$0$0$11,005,592
89$15,592,001$0$0$11,984,093
90$16,985,758$0$0$13,057,864
91$18,515,483$0$0$14,236,479
92$20,194,852$0$0$15,530,483
93$22,038,926$0$0$16,951,495
94$24,064,298$0$0$18,512,313
95$26,289,246$0$0$20,227,035
96$28,733,906$0$0$22,111,193
97$31,420,461$0$0$24,181,895
98$34,373,348$0$0$26,457,994
99$37,619,493$0$0$28,960,255
100$41,188,556$0$0$31,711,558