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%16.6%
1 years$53,429$52,953$52,488$52,035$51,593$50,203
2 years$26,450$25,957$25,480$25,017$24,568$23,178
3 years$17,458$16,963$16,487$16,029$15,587$14,240
4 years$12,963$12,470$11,998$11,548$11,117$9,823
5 years$10,267$9,777$9,311$8,870$8,451$7,214
6 years$8,470$7,983$7,525$7,093$6,687$5,508
7 years$7,187$6,704$6,253$5,832$5,438$4,318
8 years$6,225$5,747$5,303$4,892$4,511$3,449
9 years$5,477$5,004$4,568$4,167$3,799$2,793
10 years$4,879$4,410$3,982$3,592$3,237$2,286
11 years$4,391$3,926$3,506$3,126$2,784$1,887
12 years$3,984$3,524$3,111$2,742$2,413$1,568
13 years$3,639$3,185$2,780$2,421$2,104$1,310
14 years$3,345$2,895$2,498$2,149$1,844$1,099
15 years$3,090$2,645$2,255$1,916$1,624$925
16 years$2,866$2,426$2,045$1,716$1,435$781
17 years$2,670$2,235$1,860$1,542$1,272$661
18 years$2,495$2,065$1,698$1,389$1,131$560
19 years$2,339$1,914$1,555$1,255$1,008$476
20 years$2,199$1,778$1,427$1,137$901$405
21 years$2,072$1,656$1,312$1,032$806$345
22 years$1,957$1,546$1,210$938$723$294
23 years$1,852$1,446$1,117$855$649$251
24 years$1,756$1,355$1,033$779$583$214
25 years$1,668$1,271$957$712$525$183
26 years$1,587$1,195$887$651$473$157
27 years$1,512$1,125$824$596$426$134
28 years$1,442$1,060$766$546$384$115
29 years$1,377$1,000$713$501$347$98
30 years$1,317$944$664$459$314$84
31 years$1,261$893$619$422$284$72
32 years$1,208$845$577$388$257$62
33 years$1,159$800$539$357$232$53
34 years$1,112$758$504$328$210$45
35 years$1,069$719$471$302$190$39
36 years$1,028$682$441$278$172$33
37 years$989$648$412$256$156$28
38 years$952$616$386$236$142$24
39 years$917$586$362$218$129$21
40 years$885$557$339$201$117$18
41 years$853$530$318$185$106$15
42 years$824$505$298$171$96$13
43 years$796$481$280$158$87$11
44 years$769$459$263$146$79$10
45 years$743$438$247$135$72$8
46 years$719$417$232$124$65$7
47 years$696$398$218$115$59$6
48 years$673$380$205$106$54$5
49 years$652$363$192$98$49$4
50 years$632$347$181$91$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $647,000, adding $3,573 every year, while hoping to spend $38,048 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: 38/32/30 Blend
39$647,000$647,000$647,000$647,000
40$716,680$682,389$672,360$737,408
41$749,298$675,343$654,401$745,983
42$783,969$666,677$634,566$751,525
43$820,860$656,270$612,750$756,801
44$860,157$643,997$588,847$761,814
45$902,064$629,724$562,744$766,568
46$946,801$613,307$534,323$771,073
47$994,612$594,596$503,460$775,340
48$1,045,764$573,433$470,027$779,390
49$1,100,549$549,648$433,890$783,246
50$1,159,288$523,064$394,908$786,938
51$1,222,332$493,491$352,935$790,507
52$1,290,068$460,730$307,816$793,998
53$1,362,920$424,570$259,393$797,469
54$1,441,352$384,789$207,497$800,988
55$1,525,876$341,149$151,954$804,636
56$1,617,052$293,403$92,581$808,508
57$1,715,498$241,286$29,189$812,715
58$1,821,891$184,521$0$817,386
59$1,936,976$122,815$0$834,981
60$2,061,570$55,855$0$864,133
61$2,196,575$0$0$895,753
62$2,342,978$0$0$936,014
63$2,501,870$0$0$1,001,130
64$2,674,444$0$0$1,071,931
65$2,862,020$0$0$1,148,967
66$3,066,043$0$0$1,232,844
67$3,288,108$0$0$1,324,226
68$3,529,968$0$0$1,423,847
69$3,793,551$0$0$1,532,513
70$4,080,980$0$0$1,651,111
71$4,394,593$0$0$1,780,617
72$4,736,961$0$0$1,922,108
73$5,110,915$0$0$2,076,766
74$5,519,572$0$0$2,245,896
75$5,966,364$0$0$2,430,932
76$6,455,068$0$0$2,633,454
77$6,989,844$0$0$2,855,202
78$7,575,272$0$0$3,098,092
79$8,216,397$0$0$3,364,234
80$8,918,772$0$0$3,655,952
81$9,688,515$0$0$3,975,806
82$10,532,363$0$0$4,326,613
83$11,457,736$0$0$4,711,478
84$12,472,805$0$0$5,133,822
85$13,586,572$0$0$5,597,410
86$14,808,952$0$0$6,106,393
87$16,150,866$0$0$6,665,340
88$17,624,345$0$0$7,279,287
89$19,242,640$0$0$7,953,780
90$21,020,350$0$0$8,694,930
91$22,973,559$0$0$9,509,468
92$25,119,982$0$0$10,404,809
93$27,479,138$0$0$11,389,125
94$30,072,532$0$0$12,471,416
95$32,923,853$0$0$13,661,600
96$36,059,203$0$0$14,970,603
97$39,507,337$0$0$16,410,463
98$43,299,939$0$0$17,994,443
99$47,471,916$0$0$19,737,159
100$52,061,729$0$0$21,654,710