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%18.8%
1 years$53,759$53,280$52,813$52,357$51,912$50,070
2 years$26,613$26,118$25,637$25,172$24,720$22,884
3 years$17,566$17,068$16,589$16,128$15,683$13,911
4 years$13,043$12,547$12,073$11,619$11,185$9,490
5 years$10,330$9,837$9,369$8,925$8,503$6,889
6 years$8,522$8,033$7,571$7,137$6,728$5,197
7 years$7,231$6,746$6,292$5,868$5,472$4,023
8 years$6,263$5,782$5,336$4,922$4,539$3,172
9 years$5,511$5,035$4,596$4,193$3,823$2,535
10 years$4,910$4,438$4,007$3,614$3,257$2,046
11 years$4,418$3,951$3,528$3,145$2,801$1,665
12 years$4,008$3,546$3,131$2,759$2,428$1,364
13 years$3,662$3,204$2,797$2,436$2,117$1,122
14 years$3,365$2,913$2,513$2,162$1,856$927
15 years$3,109$2,661$2,269$1,928$1,634$768
16 years$2,884$2,441$2,057$1,727$1,444$639
17 years$2,686$2,248$1,872$1,551$1,280$532
18 years$2,511$2,078$1,709$1,398$1,138$444
19 years$2,354$1,925$1,564$1,263$1,015$371
20 years$2,213$1,789$1,436$1,144$906$310
21 years$2,085$1,667$1,321$1,038$811$260
22 years$1,969$1,556$1,217$944$727$218
23 years$1,864$1,455$1,124$860$653$183
24 years$1,767$1,363$1,039$784$587$153
25 years$1,678$1,279$963$716$528$129
26 years$1,597$1,202$893$655$475$108
27 years$1,521$1,132$829$599$429$91
28 years$1,451$1,066$771$549$387$76
29 years$1,386$1,006$717$504$349$64
30 years$1,325$950$668$462$316$54
31 years$1,269$898$623$424$285$45
32 years$1,216$850$581$390$258$38
33 years$1,166$805$543$359$234$32
34 years$1,119$763$507$330$211$27
35 years$1,075$723$474$304$192$23
36 years$1,034$687$443$280$174$19
37 years$995$652$415$258$157$16
38 years$958$620$389$238$143$14
39 years$923$589$364$219$129$11
40 years$890$561$341$202$117$10
41 years$859$534$320$186$106$8
42 years$829$508$300$172$97$7
43 years$800$484$282$159$88$6
44 years$773$462$264$147$80$5
45 years$748$440$248$135$72$4
46 years$723$420$233$125$66$3
47 years$700$401$219$116$60$3
48 years$677$383$206$107$54$2
49 years$656$365$193$99$49$2
50 years$636$349$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $651,000, adding $5,476 every year, while hoping to spend $44,524 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: 48/41/11 Blend
39$651,000$651,000$651,000$651,000
40$723,050$688,547$678,457$755,322
41$749,428$674,913$653,812$764,465
42$777,005$659,118$626,849$769,302
43$805,854$641,011$597,444$773,544
44$836,059$620,428$565,466$777,148
45$867,707$597,198$530,779$780,074
46$900,894$571,141$493,240$782,277
47$935,723$542,065$452,702$783,712
48$972,307$509,767$409,008$784,336
49$1,010,768$474,032$361,996$784,102
50$1,051,240$434,633$311,497$782,963
51$1,093,868$391,331$257,333$780,874
52$1,138,809$343,873$199,320$777,787
53$1,186,235$291,990$137,264$773,657
54$1,236,333$235,400$70,965$768,438
55$1,289,308$173,803$211$762,086
56$1,345,382$106,885$0$754,559
57$1,404,801$34,311$0$754,654
58$1,467,828$0$0$754,096
59$1,534,757$0$0$772,827
60$1,605,904$0$0$809,233
61$1,681,618$0$0$848,016
62$1,762,280$0$0$889,376
63$1,848,307$0$0$933,532
64$1,940,157$0$0$980,727
65$2,038,331$0$0$1,031,222
66$2,143,376$0$0$1,085,307
67$2,255,897$0$0$1,143,300
68$2,376,552$0$0$1,205,547
69$2,506,066$0$0$1,272,431
70$2,645,234$0$0$1,344,370
71$2,794,930$0$0$1,421,825
72$2,956,110$0$0$1,505,301
73$3,129,829$0$0$1,595,353
74$3,317,240$0$0$1,692,590
75$3,519,615$0$0$1,797,682
76$3,738,349$0$0$1,911,366
77$3,974,975$0$0$2,034,450
78$4,231,179$0$0$2,167,825
79$4,508,815$0$0$2,312,469
80$4,809,921$0$0$2,469,458
81$5,136,737$0$0$2,639,974
82$5,491,730$0$0$2,825,321
83$5,877,609$0$0$3,026,928
84$6,297,358$0$0$3,246,373
85$6,754,259$0$0$3,485,388
86$7,251,923$0$0$3,745,881
87$7,794,324$0$0$4,029,951
88$8,385,834$0$0$4,339,909
89$9,031,268$0$0$4,678,299
90$9,735,924$0$0$5,047,919
91$10,505,634$0$0$5,451,852
92$11,346,819$0$0$5,893,491
93$12,266,547$0$0$6,376,572
94$13,272,602$0$0$6,905,208
95$14,373,553$0$0$7,483,930
96$15,578,835$0$0$8,117,724
97$16,898,841$0$0$8,812,085
98$18,345,013$0$0$9,573,060
99$19,929,952$0$0$10,407,312
100$21,667,539$0$0$11,322,178