Can I retire at age 40 with 648,000?

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 $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%15.3%
1 years$53,511$53,035$52,570$52,116$51,672$50,547
2 years$26,491$25,997$25,519$25,056$24,606$23,477
3 years$17,485$16,990$16,513$16,053$15,611$14,515
4 years$12,983$12,489$12,017$11,566$11,134$10,079
5 years$10,283$9,792$9,326$8,883$8,464$7,452
6 years$8,483$7,996$7,537$7,104$6,697$5,731
7 years$7,198$6,715$6,263$5,841$5,447$4,525
8 years$6,235$5,756$5,311$4,900$4,518$3,642
9 years$5,486$5,011$4,575$4,173$3,805$2,973
10 years$4,887$4,417$3,988$3,598$3,242$2,453
11 years$4,397$3,932$3,511$3,131$2,788$2,042
12 years$3,990$3,530$3,116$2,746$2,416$1,711
13 years$3,645$3,190$2,784$2,425$2,107$1,442
14 years$3,350$2,899$2,502$2,152$1,847$1,220
15 years$3,094$2,649$2,259$1,919$1,626$1,036
16 years$2,871$2,430$2,048$1,719$1,437$883
17 years$2,674$2,238$1,863$1,544$1,274$755
18 years$2,499$2,068$1,701$1,392$1,133$646
19 years$2,343$1,917$1,557$1,257$1,010$554
20 years$2,202$1,781$1,429$1,139$902$476
21 years$2,075$1,659$1,314$1,034$807$410
22 years$1,960$1,549$1,211$940$724$353
23 years$1,855$1,448$1,119$856$650$304
24 years$1,759$1,357$1,035$781$584$262
25 years$1,671$1,273$958$713$525$227
26 years$1,589$1,197$889$652$473$196
27 years$1,514$1,126$825$597$427$169
28 years$1,444$1,061$767$547$385$146
29 years$1,379$1,001$714$501$348$127
30 years$1,319$946$665$460$314$110
31 years$1,263$894$620$423$284$95
32 years$1,210$846$578$388$257$82
33 years$1,160$801$540$357$232$71
34 years$1,114$759$505$329$210$62
35 years$1,070$720$472$302$191$53
36 years$1,029$683$441$279$173$46
37 years$990$649$413$257$157$40
38 years$954$617$387$237$142$35
39 years$919$587$362$218$129$30
40 years$886$558$340$201$117$26
41 years$855$531$319$186$106$23
42 years$825$506$299$171$96$20
43 years$797$482$280$158$87$17
44 years$770$460$263$146$79$15
45 years$744$438$247$135$72$13
46 years$720$418$232$125$65$11
47 years$697$399$218$115$59$10
48 years$674$381$205$106$54$8
49 years$653$364$193$98$49$7
50 years$633$347$181$91$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $648,000, adding $3,208 every year, while hoping to spend $45,736 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: 64/31/5 Blend
39$648,000$648,000$648,000$648,000
40$717,405$683,061$673,017$762,602
41$741,918$667,868$646,900$777,870
42$767,398$650,398$618,376$788,811
43$793,895$630,491$587,315$799,551
44$821,465$607,977$553,582$810,064
45$850,164$582,678$517,037$820,328
46$880,056$554,404$477,532$830,317
47$911,206$522,954$434,914$840,004
48$943,687$488,117$389,022$849,364
49$977,577$449,668$339,688$858,369
50$1,012,959$407,371$286,736$866,994
51$1,049,923$360,975$229,985$875,211
52$1,088,568$310,215$169,242$882,992
53$1,128,998$254,812$104,307$890,312
54$1,171,328$194,470$34,974$897,144
55$1,215,681$128,878$0$903,462
56$1,262,193$57,704$0$911,325
57$1,311,007$0$0$920,755
58$1,362,283$0$0$936,493
59$1,416,193$0$0$973,748
60$1,472,921$0$0$1,012,968
61$1,532,673$0$0$1,054,296
62$1,595,670$0$0$1,097,886
63$1,662,152$0$0$1,143,908
64$1,732,382$0$0$1,192,546
65$1,806,648$0$0$1,244,002
66$1,885,262$0$0$1,298,496
67$1,968,566$0$0$1,356,268
68$2,056,934$0$0$1,417,580
69$2,150,774$0$0$1,482,720
70$2,250,533$0$0$1,552,001
71$2,356,699$0$0$1,625,768
72$2,469,807$0$0$1,704,395
73$2,590,444$0$0$1,788,296
74$2,719,249$0$0$1,877,921
75$2,856,928$0$0$1,973,766
76$3,004,249$0$0$2,076,372
77$3,162,058$0$0$2,186,334
78$3,331,283$0$0$2,304,305
79$3,512,939$0$0$2,431,000
80$3,708,142$0$0$2,567,205
81$3,918,119$0$0$2,713,783
82$4,144,213$0$0$2,871,680
83$4,387,901$0$0$3,041,938
84$4,650,807$0$0$3,225,698
85$4,934,712$0$0$3,424,216
86$5,241,575$0$0$3,638,872
87$5,573,550$0$0$3,871,183
88$5,933,001$0$0$4,122,816
89$6,322,532$0$0$4,395,604
90$6,745,003$0$0$4,691,562
91$7,203,559$0$0$5,012,907
92$7,701,660$0$0$5,362,078
93$8,243,114$0$0$5,741,757
94$8,832,105$0$0$6,154,895
95$9,473,242$0$0$6,604,738
96$10,171,593$0$0$7,094,860
97$10,932,737$0$0$7,629,192
98$11,762,812$0$0$8,212,062
99$12,668,575$0$0$8,848,232
100$13,657,463$0$0$9,542,945