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%16.1%
1 years$53,759$53,280$52,813$52,357$51,912$50,616
2 years$26,613$26,118$25,637$25,172$24,720$23,422
3 years$17,566$17,068$16,589$16,128$15,683$14,425
4 years$13,043$12,547$12,073$11,619$11,185$9,976
5 years$10,330$9,837$9,369$8,925$8,503$7,345
6 years$8,522$8,033$7,571$7,137$6,728$5,624
7 years$7,231$6,746$6,292$5,868$5,472$4,421
8 years$6,263$5,782$5,336$4,922$4,539$3,541
9 years$5,511$5,035$4,596$4,193$3,823$2,877
10 years$4,910$4,438$4,007$3,614$3,257$2,362
11 years$4,418$3,951$3,528$3,145$2,801$1,956
12 years$4,008$3,546$3,131$2,759$2,428$1,631
13 years$3,662$3,204$2,797$2,436$2,117$1,367
14 years$3,365$2,913$2,513$2,162$1,856$1,150
15 years$3,109$2,661$2,269$1,928$1,634$972
16 years$2,884$2,441$2,057$1,727$1,444$823
17 years$2,686$2,248$1,872$1,551$1,280$699
18 years$2,511$2,078$1,709$1,398$1,138$595
19 years$2,354$1,925$1,564$1,263$1,015$508
20 years$2,213$1,789$1,436$1,144$906$433
21 years$2,085$1,667$1,321$1,038$811$371
22 years$1,969$1,556$1,217$944$727$317
23 years$1,864$1,455$1,124$860$653$272
24 years$1,767$1,363$1,039$784$587$233
25 years$1,678$1,279$963$716$528$200
26 years$1,597$1,202$893$655$475$172
27 years$1,521$1,132$829$599$429$147
28 years$1,451$1,066$771$549$387$127
29 years$1,386$1,006$717$504$349$109
30 years$1,325$950$668$462$316$94
31 years$1,269$898$623$424$285$80
32 years$1,216$850$581$390$258$69
33 years$1,166$805$543$359$234$60
34 years$1,119$763$507$330$211$51
35 years$1,075$723$474$304$192$44
36 years$1,034$687$443$280$174$38
37 years$995$652$415$258$157$33
38 years$958$620$389$238$143$28
39 years$923$589$364$219$129$24
40 years$890$561$341$202$117$21
41 years$859$534$320$186$106$18
42 years$829$508$300$172$97$15
43 years$800$484$282$159$88$13
44 years$773$462$264$147$80$11
45 years$748$440$248$135$72$10
46 years$723$420$233$125$66$8
47 years$700$401$219$116$60$7
48 years$677$383$206$107$54$6
49 years$656$365$193$99$49$5
50 years$636$349$182$91$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $651,000, adding $2,807 every year, while hoping to spend $25,375 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: 34/49/17 Blend
39$651,000$651,000$651,000$651,000
40$720,297$685,794$675,704$740,918
41$766,769$692,400$671,341$762,883
42$817,130$698,478$665,982$783,990
43$871,751$703,977$659,566$806,211
44$931,038$708,840$652,030$829,658
45$995,439$713,009$643,308$854,459
46$1,065,446$716,418$633,331$880,751
47$1,141,601$719,002$622,027$908,690
48$1,224,499$720,688$609,320$938,451
49$1,314,797$721,400$595,130$970,224
50$1,413,214$721,057$579,376$1,004,225
51$1,520,546$719,573$561,969$1,040,691
52$1,637,666$716,856$542,819$1,079,888
53$1,765,536$712,810$521,831$1,122,108
54$1,905,215$707,332$498,907$1,167,678
55$2,057,868$700,313$473,941$1,216,962
56$2,224,779$691,636$446,827$1,270,361
57$2,407,360$681,181$417,450$1,328,323
58$2,607,169$668,816$385,692$1,391,341
59$2,825,916$654,404$351,429$1,459,967
60$3,065,490$637,800$314,532$1,534,809
61$3,327,967$618,850$274,866$1,616,542
62$3,615,635$597,389$232,289$1,705,916
63$3,931,014$573,245$186,656$1,803,760
64$4,276,880$546,236$137,810$1,910,992
65$4,656,288$516,168$85,593$2,028,631
66$5,072,605$482,836$29,837$2,157,803
67$5,529,540$446,025$0$2,299,756
68$6,031,178$405,505$0$2,461,252
69$6,582,018$361,034$0$2,644,564
70$7,187,016$312,358$0$2,845,999
71$7,851,635$259,206$0$3,067,465
72$8,581,887$201,293$0$3,311,068
73$9,384,401$138,318$0$3,579,137
74$10,266,478$69,963$0$3,874,242
75$11,236,159$0$0$4,199,226
76$12,302,307$0$0$4,559,440
77$13,474,683$0$0$4,997,131
78$14,764,045$0$0$5,478,605
79$16,182,242$0$0$6,008,300
80$17,742,331$0$0$6,591,106
81$19,458,699$0$0$7,232,412
82$21,347,196$0$0$7,938,155
83$23,425,286$0$0$8,714,877
84$25,712,213$0$0$9,569,787
85$28,229,179$0$0$10,510,825
86$30,999,547$0$0$11,546,745
87$34,049,059$0$0$12,687,189
88$37,406,079$0$0$13,942,782
89$41,101,861$0$0$15,325,234
90$45,170,845$0$0$16,847,444
91$49,650,978$0$0$18,523,629
92$54,584,074$0$0$20,369,454
93$60,016,211$0$0$22,402,181
94$65,998,158$0$0$24,640,829
95$72,585,864$0$0$27,106,359
96$79,840,977$0$0$29,821,866
97$87,831,428$0$0$32,812,800
98$96,632,076$0$0$36,107,207
99$106,325,408$0$0$39,735,989
100$117,002,321$0$0$43,733,202