Can I retire at age 40 with 649,000?

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 $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%17.4%
1 years$53,594$53,116$52,651$52,196$51,752$50,196
2 years$26,532$26,037$25,559$25,094$24,644$23,089
3 years$17,512$17,016$16,538$16,078$15,635$14,131
4 years$13,003$12,508$12,035$11,583$11,151$9,708
5 years$10,299$9,807$9,340$8,897$8,477$7,100
6 years$8,496$8,008$7,548$7,115$6,707$5,397
7 years$7,209$6,725$6,273$5,850$5,455$4,212
8 years$6,244$5,765$5,320$4,907$4,525$3,348
9 years$5,494$5,019$4,582$4,180$3,811$2,699
10 years$4,895$4,424$3,994$3,603$3,247$2,198
11 years$4,404$3,939$3,517$3,136$2,793$1,805
12 years$3,996$3,535$3,121$2,750$2,420$1,492
13 years$3,651$3,195$2,788$2,428$2,110$1,239
14 years$3,355$2,904$2,505$2,156$1,850$1,034
15 years$3,099$2,653$2,262$1,922$1,629$865
16 years$2,875$2,434$2,051$1,721$1,440$726
17 years$2,678$2,241$1,866$1,547$1,276$611
18 years$2,503$2,071$1,704$1,394$1,135$515
19 years$2,346$1,920$1,560$1,259$1,012$435
20 years$2,206$1,784$1,431$1,141$904$368
21 years$2,079$1,661$1,317$1,035$809$311
22 years$1,963$1,551$1,213$941$725$264
23 years$1,858$1,451$1,120$857$651$224
24 years$1,762$1,359$1,036$782$585$190
25 years$1,673$1,275$960$714$526$161
26 years$1,592$1,199$890$653$474$137
27 years$1,516$1,128$826$598$427$116
28 years$1,446$1,063$768$547$386$99
29 years$1,382$1,003$715$502$348$84
30 years$1,321$947$666$461$315$72
31 years$1,265$895$621$423$284$61
32 years$1,212$847$579$389$257$52
33 years$1,162$802$541$358$233$44
34 years$1,116$760$505$329$211$38
35 years$1,072$721$472$303$191$32
36 years$1,031$685$442$279$173$27
37 years$992$650$414$257$157$23
38 years$955$618$387$237$142$20
39 years$920$588$363$218$129$17
40 years$887$559$340$201$117$14
41 years$856$532$319$186$106$12
42 years$826$507$299$172$96$10
43 years$798$483$281$158$87$9
44 years$771$460$264$146$79$8
45 years$745$439$247$135$72$6
46 years$721$419$232$125$65$5
47 years$698$400$218$115$59$5
48 years$675$381$205$106$54$4
49 years$654$364$193$98$49$3
50 years$634$348$181$91$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $649,000, adding $2,998 every year, while hoping to spend $32,286 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: 66/28/6 Blend
39$649,000$649,000$649,000$649,000
40$718,290$683,893$673,834$764,828
41$757,204$683,052$662,055$795,263
42$799,005$681,088$648,800$824,356
43$843,953$677,911$633,985$855,289
44$892,334$673,427$617,521$888,235
45$944,463$667,535$599,319$923,389
46$1,000,684$660,130$579,282$960,964
47$1,061,376$651,099$557,310$1,001,196
48$1,126,955$640,321$533,299$1,044,347
49$1,197,879$627,671$507,138$1,090,705
50$1,274,650$613,015$478,715$1,140,590
51$1,357,821$596,209$447,909$1,194,354
52$1,448,000$577,105$414,595$1,252,389
53$1,545,856$555,542$378,644$1,315,125
54$1,652,123$531,353$339,918$1,383,039
55$1,767,609$504,360$298,275$1,456,658
56$1,893,205$474,373$253,567$1,536,565
57$2,029,888$441,193$205,637$1,623,403
58$2,178,736$404,611$154,325$1,717,884
59$2,340,933$364,403$99,461$1,820,793
60$2,517,782$320,333$40,868$1,932,999
61$2,710,720$272,154$0$2,055,461
62$2,921,326$219,601$0$2,190,626
63$3,151,337$162,398$0$2,341,160
64$3,402,669$100,251$0$2,505,750
65$3,677,429$32,851$0$2,685,838
66$3,977,936$0$0$2,883,015
67$4,306,746$0$0$3,111,402
68$4,666,670$0$0$3,372,521
69$5,060,807$0$0$3,658,503
70$5,492,566$0$0$3,971,828
71$5,965,706$0$0$4,315,226
72$6,484,362$0$0$4,691,707
73$7,053,091$0$0$5,104,583
74$7,676,910$0$0$5,557,504
75$8,361,349$0$0$6,054,488
76$9,112,493$0$0$6,599,964
77$9,937,051$0$0$7,198,807
78$10,842,408$0$0$7,856,390
79$11,836,703$0$0$8,578,632
80$12,928,900$0$0$9,372,049
81$14,128,874$0$0$10,243,825
82$15,447,503$0$0$11,201,870
83$16,896,774$0$0$12,254,901
84$18,489,889$0$0$13,412,521
85$20,241,396$0$0$14,685,307
86$22,167,321$0$0$16,084,916
87$24,285,321$0$0$17,624,188
88$26,614,851$0$0$19,317,273
89$29,177,344$0$0$21,179,758
90$31,996,417$0$0$23,228,819
91$35,098,089$0$0$25,483,378
92$38,511,030$0$0$27,964,287
93$42,266,828$0$0$30,694,519
94$46,400,290$0$0$33,699,388
95$50,949,765$0$0$37,006,786
96$55,957,511$0$0$40,647,445
97$61,470,089$0$0$44,655,229
98$67,538,806$0$0$49,067,452
99$74,220,192$0$0$53,925,229
100$81,576,541$0$0$59,273,866