Can I retire at age 40 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$53,594$53,116$52,651$52,196$51,752$50,338
2 years$26,532$26,037$25,559$25,094$24,644$23,229
3 years$17,512$17,016$16,538$16,078$15,635$14,264
4 years$13,003$12,508$12,035$11,583$11,151$9,835
5 years$10,299$9,807$9,340$8,897$8,477$7,219
6 years$8,496$8,008$7,548$7,115$6,707$5,509
7 years$7,209$6,725$6,273$5,850$5,455$4,316
8 years$6,244$5,765$5,320$4,907$4,525$3,445
9 years$5,494$5,019$4,582$4,180$3,811$2,789
10 years$4,895$4,424$3,994$3,603$3,247$2,281
11 years$4,404$3,939$3,517$3,136$2,793$1,882
12 years$3,996$3,535$3,121$2,750$2,420$1,562
13 years$3,651$3,195$2,788$2,428$2,110$1,304
14 years$3,355$2,904$2,505$2,156$1,850$1,093
15 years$3,099$2,653$2,262$1,922$1,629$920
16 years$2,875$2,434$2,051$1,721$1,440$776
17 years$2,678$2,241$1,866$1,547$1,276$656
18 years$2,503$2,071$1,704$1,394$1,135$556
19 years$2,346$1,920$1,560$1,259$1,012$472
20 years$2,206$1,784$1,431$1,141$904$401
21 years$2,079$1,661$1,317$1,035$809$342
22 years$1,963$1,551$1,213$941$725$291
23 years$1,858$1,451$1,120$857$651$248
24 years$1,762$1,359$1,036$782$585$212
25 years$1,673$1,275$960$714$526$181
26 years$1,592$1,199$890$653$474$154
27 years$1,516$1,128$826$598$427$132
28 years$1,446$1,063$768$547$386$113
29 years$1,382$1,003$715$502$348$96
30 years$1,321$947$666$461$315$83
31 years$1,265$895$621$423$284$71
32 years$1,212$847$579$389$257$60
33 years$1,162$802$541$358$233$52
34 years$1,116$760$505$329$211$44
35 years$1,072$721$472$303$191$38
36 years$1,031$685$442$279$173$32
37 years$992$650$414$257$157$28
38 years$955$618$387$237$142$24
39 years$920$588$363$218$129$20
40 years$887$559$340$201$117$17
41 years$856$532$319$186$106$15
42 years$826$507$299$172$96$13
43 years$798$483$281$158$87$11
44 years$771$460$264$146$79$9
45 years$745$439$247$135$72$8
46 years$721$419$232$125$65$7
47 years$698$400$218$115$59$6
48 years$675$381$205$106$54$5
49 years$654$364$193$98$49$4
50 years$634$348$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 $649,000, adding $3,628 every year, while hoping to spend $34,730 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: 55/21/24 Blend
39$649,000$649,000$649,000$649,000
40$718,940$684,543$674,484$753,568
41$755,320$681,133$660,127$774,334
42$794,246$676,393$644,124$793,001
43$835,942$670,219$626,385$812,602
44$880,652$662,504$606,814$833,239
45$928,646$653,133$585,309$855,025
46$980,217$641,986$561,766$878,085
47$1,035,689$628,933$536,075$902,560
48$1,095,417$613,839$508,121$928,606
49$1,159,791$596,558$477,785$956,400
50$1,229,239$576,940$444,940$986,135
51$1,304,233$554,821$409,457$1,018,029
52$1,385,288$530,031$371,198$1,052,324
53$1,472,974$502,389$330,019$1,089,289
54$1,567,915$471,703$285,772$1,129,224
55$1,670,798$437,773$238,302$1,172,462
56$1,782,379$400,382$187,443$1,219,373
57$1,903,487$359,306$133,028$1,270,369
58$2,035,036$314,306$74,878$1,325,906
59$2,178,030$265,128$12,808$1,386,493
60$2,333,577$211,506$0$1,452,692
61$2,502,890$153,159$0$1,538,812
62$2,687,309$89,788$0$1,636,253
63$2,888,307$21,079$0$1,742,554
64$3,107,503$0$0$1,858,624
65$3,346,681$0$0$1,997,783
66$3,607,806$0$0$2,155,086
67$3,893,038$0$0$2,326,969
68$4,204,756$0$0$2,514,875
69$4,545,581$0$0$2,720,389
70$4,918,395$0$0$2,945,260
71$5,326,376$0$0$3,191,410
72$5,773,019$0$0$3,460,958
73$6,262,175$0$0$3,756,236
74$6,798,085$0$0$4,079,814
75$7,385,419$0$0$4,434,521
76$8,029,319$0$0$4,823,473
77$8,735,451$0$0$5,250,102
78$9,510,053$0$0$5,718,188
79$10,359,998$0$0$6,231,895
80$11,292,854$0$0$6,795,809
81$12,316,960$0$0$7,414,983
82$13,441,500$0$0$8,094,981
83$14,676,592$0$0$8,841,935
84$16,033,381$0$0$9,662,598
85$17,524,146$0$0$10,564,411
86$19,162,412$0$0$11,555,569
87$20,963,082$0$0$12,645,104
88$22,942,572$0$0$13,842,964
89$25,118,970$0$0$15,160,109
90$27,512,203$0$0$16,608,615
91$30,144,225$0$0$18,201,788
92$33,039,225$0$0$19,954,286
93$36,223,854$0$0$21,882,260
94$39,727,476$0$0$24,003,505
95$43,582,445$0$0$26,337,629
96$47,824,407$0$0$28,906,235
97$52,492,641$0$0$31,733,128
98$57,630,425$0$0$34,844,535
99$63,285,444$0$0$38,269,356
100$69,510,241$0$0$42,039,435