Can I retire at age 40 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$53,759$53,280$52,813$52,357$51,912$51,606
2 years$26,613$26,118$25,637$25,172$24,720$24,412
3 years$17,566$17,068$16,589$16,128$15,683$15,382
4 years$13,043$12,547$12,073$11,619$11,185$10,893
5 years$10,330$9,837$9,369$8,925$8,503$8,221
6 years$8,522$8,033$7,571$7,137$6,728$6,456
7 years$7,231$6,746$6,292$5,868$5,472$5,210
8 years$6,263$5,782$5,336$4,922$4,539$4,289
9 years$5,511$5,035$4,596$4,193$3,823$3,582
10 years$4,910$4,438$4,007$3,614$3,257$3,027
11 years$4,418$3,951$3,528$3,145$2,801$2,581
12 years$4,008$3,546$3,131$2,759$2,428$2,218
13 years$3,662$3,204$2,797$2,436$2,117$1,917
14 years$3,365$2,913$2,513$2,162$1,856$1,665
15 years$3,109$2,661$2,269$1,928$1,634$1,453
16 years$2,884$2,441$2,057$1,727$1,444$1,272
17 years$2,686$2,248$1,872$1,551$1,280$1,117
18 years$2,511$2,078$1,709$1,398$1,138$984
19 years$2,354$1,925$1,564$1,263$1,015$868
20 years$2,213$1,789$1,436$1,144$906$768
21 years$2,085$1,667$1,321$1,038$811$680
22 years$1,969$1,556$1,217$944$727$603
23 years$1,864$1,455$1,124$860$653$536
24 years$1,767$1,363$1,039$784$587$477
25 years$1,678$1,279$963$716$528$424
26 years$1,597$1,202$893$655$475$378
27 years$1,521$1,132$829$599$429$337
28 years$1,451$1,066$771$549$387$301
29 years$1,386$1,006$717$504$349$269
30 years$1,325$950$668$462$316$240
31 years$1,269$898$623$424$285$215
32 years$1,216$850$581$390$258$192
33 years$1,166$805$543$359$234$172
34 years$1,119$763$507$330$211$154
35 years$1,075$723$474$304$192$138
36 years$1,034$687$443$280$174$123
37 years$995$652$415$258$157$110
38 years$958$620$389$238$143$99
39 years$923$589$364$219$129$89
40 years$890$561$341$202$117$79
41 years$859$534$320$186$106$71
42 years$829$508$300$172$97$64
43 years$800$484$282$159$88$57
44 years$773$462$264$147$80$51
45 years$748$440$248$135$72$46
46 years$723$420$233$125$66$41
47 years$700$401$219$116$60$37
48 years$677$383$206$107$54$33
49 years$656$365$193$99$49$30
50 years$636$349$182$91$45$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $651,000, adding $4,491 every year, while hoping to spend $30,809 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: 61/20/19 Blend
39$651,000$651,000$651,000$651,000
40$722,034$687,531$677,441$762,273
41$762,901$688,440$667,355$790,887
42$806,904$688,360$655,898$818,281
43$854,330$687,212$642,992$847,470
44$905,495$684,908$628,556$878,632
45$960,745$681,359$612,502$911,964
46$1,020,462$676,466$594,742$947,685
47$1,085,064$670,128$575,181$986,035
48$1,155,012$662,236$553,721$1,027,283
49$1,230,812$652,673$530,258$1,071,725
50$1,313,020$641,319$504,687$1,119,687
51$1,402,248$628,044$476,894$1,171,532
52$1,499,169$612,710$446,762$1,227,660
53$1,604,523$595,172$414,168$1,288,516
54$1,719,126$575,277$378,984$1,354,589
55$1,843,873$552,861$341,076$1,426,420
56$1,979,750$527,754$300,304$1,504,611
57$2,127,842$499,771$256,521$1,589,822
58$2,289,344$468,722$209,577$1,682,787
59$2,465,569$434,401$159,310$1,784,315
60$2,657,964$396,594$105,554$1,895,301
61$2,868,123$355,074$48,136$2,016,734
62$3,097,798$309,598$0$2,149,706
63$3,348,919$259,914$0$2,298,089
64$3,623,611$205,753$0$2,471,138
65$3,924,215$146,830$0$2,660,600
66$4,253,307$82,847$0$2,868,141
67$4,613,724$13,486$0$3,095,605
68$5,008,590$0$0$3,345,019
69$5,441,348$0$0$3,632,177
70$5,915,786$0$0$3,950,297
71$6,436,079$0$0$4,299,217
72$7,006,823$0$0$4,682,024
73$7,633,082$0$0$5,102,123
74$8,320,435$0$0$5,563,262
75$9,075,023$0$0$6,069,569
76$9,903,616$0$0$6,625,594
77$10,813,667$0$0$7,236,347
78$11,813,391$0$0$7,907,347
79$12,911,833$0$0$8,644,676
80$14,118,960$0$0$9,455,031
81$15,445,754$0$0$10,345,794
82$16,904,310$0$0$11,325,094
83$18,507,956$0$0$12,401,890
84$20,271,375$0$0$13,586,050
85$22,210,745$0$0$14,888,449
86$24,343,888$0$0$16,321,066
87$26,690,444$0$0$17,897,101
88$29,272,047$0$0$19,631,097
89$32,112,538$0$0$21,539,078
90$35,238,184$0$0$23,638,699
91$38,677,925$0$0$25,949,416
92$42,463,652$0$0$28,492,661
93$46,630,501$0$0$31,292,054
94$51,217,189$0$0$34,373,620
95$56,266,376$0$0$37,766,033
96$61,825,069$0$0$41,500,891
97$67,945,063$0$0$45,613,010
98$74,683,432$0$0$50,140,754
99$82,103,067$0$0$55,126,398
100$90,273,264$0$0$60,616,523