Can I retire at age 40 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$53,676$53,198$52,732$52,276$51,832$50,744
2 years$26,572$26,078$25,598$25,133$24,682$23,591
3 years$17,539$17,042$16,564$16,103$15,659$14,599
4 years$13,023$12,528$12,054$11,601$11,168$10,147
5 years$10,314$9,822$9,354$8,911$8,490$7,511
6 years$8,509$8,020$7,560$7,126$6,718$5,782
7 years$7,220$6,735$6,282$5,859$5,463$4,571
8 years$6,254$5,773$5,328$4,915$4,532$3,683
9 years$5,503$5,027$4,589$4,186$3,817$3,010
10 years$4,902$4,431$4,001$3,609$3,252$2,487
11 years$4,411$3,945$3,522$3,141$2,797$2,073
12 years$4,002$3,540$3,126$2,755$2,424$1,739
13 years$3,656$3,200$2,793$2,432$2,114$1,467
14 years$3,360$2,908$2,509$2,159$1,853$1,243
15 years$3,104$2,657$2,266$1,925$1,631$1,058
16 years$2,880$2,438$2,054$1,724$1,442$903
17 years$2,682$2,245$1,869$1,549$1,278$772
18 years$2,507$2,074$1,706$1,396$1,137$662
19 years$2,350$1,923$1,562$1,261$1,013$569
20 years$2,209$1,786$1,433$1,142$905$489
21 years$2,082$1,664$1,319$1,037$810$422
22 years$1,966$1,553$1,215$943$726$364
23 years$1,861$1,453$1,122$858$652$314
24 years$1,764$1,361$1,038$783$586$271
25 years$1,676$1,277$961$715$527$235
26 years$1,594$1,201$891$654$475$203
27 years$1,519$1,130$828$598$428$176
28 years$1,449$1,065$769$548$386$152
29 years$1,384$1,004$716$503$349$132
30 years$1,323$949$667$461$315$114
31 years$1,267$897$622$424$285$99
32 years$1,214$848$580$390$258$86
33 years$1,164$803$542$358$233$75
34 years$1,117$762$506$330$211$65
35 years$1,074$722$473$303$191$56
36 years$1,032$686$443$279$173$49
37 years$993$651$414$257$157$42
38 years$957$619$388$237$142$37
39 years$922$588$364$219$129$32
40 years$889$560$341$202$117$28
41 years$857$533$319$186$106$24
42 years$828$508$300$172$96$21
43 years$799$484$281$159$87$18
44 years$772$461$264$146$79$16
45 years$747$440$248$135$72$14
46 years$722$419$233$125$65$12
47 years$699$400$219$115$59$10
48 years$676$382$206$107$54$9
49 years$655$365$193$99$49$8
50 years$635$348$182$91$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $650,000, adding $6,417 every year, while hoping to spend $21,758 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: 26/44/30 Blend
39$650,000$650,000$650,000$650,000
40$722,919$688,469$678,394$734,852
41$773,507$699,054$677,970$755,831
42$828,525$709,428$676,802$776,063
43$888,402$719,558$674,844$797,331
44$953,612$729,409$672,043$819,739
45$1,024,672$738,942$668,348$843,400
46$1,102,155$748,116$663,705$868,443
47$1,186,690$756,889$658,054$895,010
48$1,278,969$765,213$651,335$923,260
49$1,379,754$773,039$643,485$953,368
50$1,489,884$780,313$634,438$985,530
51$1,610,285$786,981$624,123$1,019,962
52$1,741,971$792,980$612,469$1,056,906
53$1,886,064$798,248$599,398$1,096,630
54$2,043,796$802,716$584,831$1,139,431
55$2,216,525$806,311$568,686$1,185,638
56$2,405,747$808,957$550,873$1,235,618
57$2,613,109$810,571$531,303$1,289,776
58$2,840,424$811,066$509,879$1,348,562
59$3,089,689$810,351$486,502$1,412,475
60$3,363,105$808,326$461,067$1,482,067
61$3,663,095$804,887$433,466$1,557,952
62$3,992,327$799,923$403,584$1,640,807
63$4,353,743$793,318$371,303$1,731,383
64$4,750,581$784,946$336,497$1,830,513
65$5,186,407$774,676$299,037$1,939,118
66$5,665,153$762,367$258,787$2,058,217
67$6,191,148$747,872$215,606$2,188,938
68$6,769,161$731,034$169,344$2,332,530
69$7,404,446$711,685$119,848$2,490,373
70$8,102,793$689,651$66,956$2,663,995
71$8,870,578$664,744$10,500$2,855,085
72$9,714,828$636,768$0$3,065,510
73$10,643,285$605,514$0$3,313,261
74$11,664,477$570,761$0$3,589,317
75$12,787,801$532,276$0$3,892,897
76$14,023,611$489,812$0$4,226,854
77$15,383,314$443,107$0$4,594,336
78$16,879,480$391,888$0$4,998,815
79$18,525,958$335,861$0$5,444,125
80$20,338,006$274,718$0$5,934,496
81$22,332,439$208,136$0$6,474,593
82$24,527,783$135,770$0$7,069,567
83$26,944,451$57,257$0$7,725,097
84$29,604,937$0$0$8,447,451
85$32,534,024$0$0$9,256,996
86$35,759,025$0$0$10,178,987
87$39,310,031$0$0$11,194,320
88$43,220,202$0$0$12,312,496
89$47,526,079$0$0$13,543,980
90$52,267,923$0$0$14,900,308
91$57,490,103$0$0$16,394,189
92$63,241,506$0$0$18,039,628
93$69,576,006$0$0$19,852,058
94$76,552,967$0$0$21,848,487
95$84,237,805$0$0$24,047,655
96$92,702,603$0$0$26,470,212
97$102,026,796$0$0$29,138,915
98$112,297,916$0$0$32,078,841
99$123,612,418$0$0$35,317,624
100$136,076,592$0$0$38,885,716