Can I retire at age 40 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$53,511$53,035$52,570$52,116$51,672$50,691
2 years$26,491$25,997$25,519$25,056$24,606$23,621
3 years$17,485$16,990$16,513$16,053$15,611$14,654
4 years$12,983$12,489$12,017$11,566$11,134$10,211
5 years$10,283$9,792$9,326$8,883$8,464$7,578
6 years$8,483$7,996$7,537$7,104$6,697$5,850
7 years$7,198$6,715$6,263$5,841$5,447$4,637
8 years$6,235$5,756$5,311$4,900$4,518$3,747
9 years$5,486$5,011$4,575$4,173$3,805$3,072
10 years$4,887$4,417$3,988$3,598$3,242$2,546
11 years$4,397$3,932$3,511$3,131$2,788$2,128
12 years$3,990$3,530$3,116$2,746$2,416$1,791
13 years$3,645$3,190$2,784$2,425$2,107$1,516
14 years$3,350$2,899$2,502$2,152$1,847$1,290
15 years$3,094$2,649$2,259$1,919$1,626$1,101
16 years$2,871$2,430$2,048$1,719$1,437$943
17 years$2,674$2,238$1,863$1,544$1,274$810
18 years$2,499$2,068$1,701$1,392$1,133$697
19 years$2,343$1,917$1,557$1,257$1,010$601
20 years$2,202$1,781$1,429$1,139$902$519
21 years$2,075$1,659$1,314$1,034$807$449
22 years$1,960$1,549$1,211$940$724$389
23 years$1,855$1,448$1,119$856$650$337
24 years$1,759$1,357$1,035$781$584$292
25 years$1,671$1,273$958$713$525$254
26 years$1,589$1,197$889$652$473$220
27 years$1,514$1,126$825$597$427$192
28 years$1,444$1,061$767$547$385$167
29 years$1,379$1,001$714$501$348$145
30 years$1,319$946$665$460$314$126
31 years$1,263$894$620$423$284$110
32 years$1,210$846$578$388$257$96
33 years$1,160$801$540$357$232$83
34 years$1,114$759$505$329$210$73
35 years$1,070$720$472$302$191$63
36 years$1,029$683$441$279$173$55
37 years$990$649$413$257$157$48
38 years$954$617$387$237$142$42
39 years$919$587$362$218$129$37
40 years$886$558$340$201$117$32
41 years$855$531$319$186$106$28
42 years$825$506$299$171$96$24
43 years$797$482$280$158$87$21
44 years$770$460$263$146$79$18
45 years$744$438$247$135$72$16
46 years$720$418$232$125$65$14
47 years$697$399$218$115$59$12
48 years$674$381$205$106$54$11
49 years$653$364$193$98$49$9
50 years$633$347$181$91$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $648,000, adding $4,457 every year, while hoping to spend $50,530 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: 29/44/27 Blend
39$648,000$648,000$648,000$648,000
40$718,693$684,349$674,305$733,433
41$738,237$664,119$643,131$725,155
42$758,080$641,204$609,219$711,558
43$778,200$615,419$572,424$695,925
44$798,570$586,568$532,594$678,113
45$819,160$554,446$489,571$657,973
46$839,932$518,832$443,190$635,346
47$860,846$479,495$393,278$610,065
48$881,853$436,191$339,653$581,950
49$902,898$388,661$282,128$550,812
50$923,920$336,631$220,505$516,450
51$944,847$279,813$154,579$478,652
52$965,599$217,902$84,135$437,190
53$986,086$150,575$8,950$391,825
54$1,006,205$77,491$0$342,301
55$1,025,842$0$0$308,886
56$1,044,868$0$0$275,668
57$1,063,137$0$0$279,671
58$1,080,488$0$0$283,324
59$1,096,740$0$0$286,565
60$1,111,690$0$0$289,329
61$1,125,112$0$0$291,541
62$1,136,754$0$0$293,119
63$1,146,334$0$0$293,971
64$1,153,542$0$0$293,994
65$1,158,029$0$0$293,076
66$1,159,408$0$0$291,092
67$1,157,250$0$0$287,900
68$1,151,080$0$0$283,347
69$1,140,367$0$0$277,261
70$1,124,526$0$0$269,453
71$1,102,906$0$0$259,711
72$1,074,787$0$0$247,803
73$1,039,370$0$0$233,470
74$995,771$0$0$216,428
75$943,013$0$0$196,361
76$880,012$0$0$172,919
77$805,571$0$0$145,718
78$718,364$0$0$114,329
79$616,927$0$0$78,281
80$499,640$0$0$37,054
81$364,713$0$0$0
82$210,167$0$0$0
83$33,818$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0