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%14%
1 years$53,511$53,035$52,570$52,116$51,672$50,816
2 years$26,491$25,997$25,519$25,056$24,606$23,746
3 years$17,485$16,990$16,513$16,053$15,611$14,774
4 years$12,983$12,489$12,017$11,566$11,134$10,326
5 years$10,283$9,792$9,326$8,883$8,464$7,688
6 years$8,483$7,996$7,537$7,104$6,697$5,954
7 years$7,198$6,715$6,263$5,841$5,447$4,736
8 years$6,235$5,756$5,311$4,900$4,518$3,840
9 years$5,486$5,011$4,575$4,173$3,805$3,159
10 years$4,887$4,417$3,988$3,598$3,242$2,628
11 years$4,397$3,932$3,511$3,131$2,788$2,205
12 years$3,990$3,530$3,116$2,746$2,416$1,863
13 years$3,645$3,190$2,784$2,425$2,107$1,584
14 years$3,350$2,899$2,502$2,152$1,847$1,352
15 years$3,094$2,649$2,259$1,919$1,626$1,159
16 years$2,871$2,430$2,048$1,719$1,437$997
17 years$2,674$2,238$1,863$1,544$1,274$860
18 years$2,499$2,068$1,701$1,392$1,133$743
19 years$2,343$1,917$1,557$1,257$1,010$643
20 years$2,202$1,781$1,429$1,139$902$558
21 years$2,075$1,659$1,314$1,034$807$485
22 years$1,960$1,549$1,211$940$724$422
23 years$1,855$1,448$1,119$856$650$367
24 years$1,759$1,357$1,035$781$584$320
25 years$1,671$1,273$958$713$525$279
26 years$1,589$1,197$889$652$473$244
27 years$1,514$1,126$825$597$427$213
28 years$1,444$1,061$767$547$385$186
29 years$1,379$1,001$714$501$348$163
30 years$1,319$946$665$460$314$142
31 years$1,263$894$620$423$284$125
32 years$1,210$846$578$388$257$109
33 years$1,160$801$540$357$232$96
34 years$1,114$759$505$329$210$84
35 years$1,070$720$472$302$191$73
36 years$1,029$683$441$279$173$64
37 years$990$649$413$257$157$56
38 years$954$617$387$237$142$49
39 years$919$587$362$218$129$43
40 years$886$558$340$201$117$38
41 years$855$531$319$186$106$33
42 years$825$506$299$171$96$29
43 years$797$482$280$158$87$26
44 years$770$460$263$146$79$22
45 years$744$438$247$135$72$20
46 years$720$418$232$125$65$17
47 years$697$399$218$115$59$15
48 years$674$381$205$106$54$13
49 years$653$364$193$98$49$12
50 years$633$347$181$91$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $648,000, adding $6,874 every year, while hoping to spend $25,249 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: 58/34/8 Blend
39$648,000$648,000$648,000$648,000
40$721,187$686,843$676,799$761,324
41$767,883$693,633$672,607$795,911
42$818,496$699,910$667,428$830,138
43$873,399$705,622$661,203$866,821
44$933,001$710,713$653,869$906,196
45$997,754$715,125$645,360$948,527
46$1,068,154$718,795$635,609$994,101
47$1,144,746$721,657$624,543$1,043,240
48$1,228,132$723,639$612,086$1,096,294
49$1,318,972$724,668$598,161$1,153,653
50$1,417,992$724,662$582,685$1,215,746
51$1,525,994$723,537$565,572$1,283,048
52$1,643,858$721,203$546,731$1,356,083
53$1,772,554$717,565$526,069$1,435,428
54$1,913,150$712,520$503,488$1,521,721
55$2,066,819$705,962$478,883$1,615,666
56$2,234,857$697,776$452,147$1,718,042
57$2,418,687$687,842$423,169$1,829,705
58$2,619,877$676,030$391,829$1,951,603
59$2,840,155$662,207$358,006$2,084,782
60$3,081,423$646,227$321,571$2,230,395
61$3,345,775$627,938$282,390$2,389,715
62$3,635,516$607,180$240,323$2,564,148
63$3,953,189$583,781$195,224$2,755,245
64$4,301,589$557,562$146,939$2,964,717
65$4,683,800$528,331$95,310$3,194,452
66$5,103,215$495,886$40,170$3,446,534
67$5,563,572$460,015$0$3,723,263
68$6,068,991$420,489$0$4,028,769
69$6,624,007$377,073$0$4,368,020
70$7,233,618$329,512$0$4,740,687
71$7,903,330$277,540$0$5,150,195
72$8,639,206$220,876$0$5,600,319
73$9,447,929$159,223$0$6,095,223
74$10,336,858$92,265$0$6,639,501
75$11,314,103$19,671$0$7,238,215
76$12,388,597$0$0$7,896,953
77$13,570,185$0$0$8,643,913
78$14,869,710$0$0$9,473,584
79$16,299,120$0$0$10,386,245
80$17,871,581$0$0$11,390,306
81$19,601,596$0$0$12,495,039
82$21,505,146$0$0$13,710,656
83$23,599,841$0$0$15,048,412
84$25,905,081$0$0$16,520,706
85$28,442,245$0$0$18,141,201
86$31,234,887$0$0$19,924,951
87$34,308,961$0$0$21,888,543
88$37,693,067$0$0$24,050,257
89$41,418,716$0$0$26,430,231
90$45,520,632$0$0$29,050,658
91$50,037,075$0$0$31,935,992
92$55,010,205$0$0$35,113,179
93$60,486,480$0$0$38,611,909
94$66,517,089$0$0$42,464,901
95$73,158,441$0$0$46,708,208
96$80,472,694$0$0$51,381,556
97$88,528,342$0$0$56,528,723
98$97,400,861$0$0$62,197,948
99$107,173,419$0$0$68,442,387
100$117,937,665$0$0$75,320,617