Can I retire at age 40 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$53,924$53,444$52,975$52,518$52,071$50,045
2 years$26,695$26,198$25,716$25,249$24,796$22,779
3 years$17,620$17,121$16,640$16,177$15,731$13,787
4 years$13,083$12,585$12,110$11,655$11,220$9,363
5 years$10,362$9,867$9,398$8,952$8,529$6,765
6 years$8,548$8,057$7,595$7,159$6,749$5,078
7 years$7,253$6,766$6,311$5,886$5,489$3,911
8 years$6,283$5,800$5,352$4,937$4,553$3,067
9 years$5,528$5,050$4,610$4,206$3,835$2,437
10 years$4,925$4,451$4,019$3,625$3,267$1,957
11 years$4,431$3,963$3,538$3,155$2,810$1,583
12 years$4,021$3,557$3,140$2,767$2,435$1,288
13 years$3,673$3,214$2,806$2,443$2,123$1,054
14 years$3,376$2,922$2,521$2,169$1,861$865
15 years$3,118$2,669$2,276$1,934$1,639$712
16 years$2,893$2,449$2,063$1,732$1,448$588
17 years$2,695$2,255$1,878$1,556$1,284$487
18 years$2,518$2,084$1,714$1,402$1,142$403
19 years$2,361$1,931$1,569$1,267$1,018$335
20 years$2,219$1,795$1,440$1,148$909$278
21 years$2,091$1,672$1,325$1,042$814$231
22 years$1,975$1,560$1,221$947$729$192
23 years$1,869$1,459$1,127$862$655$160
24 years$1,773$1,367$1,042$787$588$133
25 years$1,684$1,283$966$718$529$111
26 years$1,602$1,206$896$657$477$93
27 years$1,526$1,135$832$601$430$77
28 years$1,455$1,070$773$551$388$65
29 years$1,390$1,009$719$505$350$54
30 years$1,329$953$670$464$317$45
31 years$1,272$901$625$426$286$38
32 years$1,219$852$583$391$259$31
33 years$1,169$807$544$360$234$26
34 years$1,123$765$508$331$212$22
35 years$1,079$726$475$305$192$18
36 years$1,037$689$445$281$174$15
37 years$998$654$416$259$158$13
38 years$961$622$390$238$143$11
39 years$926$591$365$220$130$9
40 years$893$562$342$203$118$7
41 years$861$535$321$187$107$6
42 years$831$510$301$173$97$5
43 years$803$486$283$159$88$4
44 years$776$463$265$147$80$4
45 years$750$442$249$136$72$3
46 years$725$421$234$126$66$3
47 years$702$402$220$116$60$2
48 years$680$384$206$107$54$2
49 years$658$366$194$99$49$1
50 years$638$350$182$92$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $653,000, adding $6,103 every year, while hoping to spend $40,334 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: 87/7/6 Blend
39$653,000$653,000$653,000$653,000
40$725,901$691,292$681,171$788,359
41$757,028$682,251$661,075$820,926
42$789,978$671,414$638,954$850,476
43$824,895$658,652$614,698$881,642
44$861,934$643,826$588,190$914,556
45$901,268$626,790$559,312$949,366
46$943,084$607,390$527,935$986,230
47$987,586$585,459$493,928$1,025,326
48$1,035,000$560,826$457,155$1,066,847
49$1,085,569$533,307$417,469$1,111,007
50$1,139,565$502,706$374,722$1,158,040
51$1,197,281$468,819$328,755$1,208,204
52$1,259,040$431,428$279,405$1,261,783
53$1,325,198$390,304$226,501$1,319,090
54$1,396,142$345,203$169,863$1,380,468
55$1,472,300$295,869$109,304$1,446,296
56$1,554,139$242,030$44,630$1,516,991
57$1,642,172$183,401$0$1,593,011
58$1,736,965$119,679$0$1,676,425
59$1,839,137$50,545$0$1,769,378
60$1,949,367$0$0$1,869,637
61$2,068,404$0$0$1,979,769
62$2,197,069$0$0$2,103,022
63$2,336,265$0$0$2,236,368
64$2,486,985$0$0$2,380,758
65$2,650,319$0$0$2,537,240
66$2,827,468$0$0$2,706,962
67$3,019,750$0$0$2,891,190
68$3,228,618$0$0$3,091,314
69$3,455,667$0$0$3,308,867
70$3,702,654$0$0$3,545,530
71$3,971,510$0$0$3,803,156
72$4,264,362$0$0$4,083,783
73$4,583,549$0$0$4,389,655
74$4,931,646$0$0$4,723,239
75$5,311,487$0$0$5,087,253
76$5,726,192$0$0$5,484,686
77$6,179,194$0$0$5,918,832
78$6,674,273$0$0$6,393,314
79$7,215,592$0$0$6,912,123
80$7,807,732$0$0$7,479,650
81$8,455,740$0$0$8,100,734
82$9,165,170$0$0$8,780,700
83$9,942,141$0$0$9,525,414
84$10,793,390$0$0$10,341,335
85$11,726,336$0$0$11,235,577
86$12,749,151$0$0$12,215,972
87$13,870,836$0$0$13,291,151
88$15,101,303$0$0$14,470,616
89$16,451,470$0$0$15,764,836
90$17,933,363$0$0$17,185,339
91$19,560,231$0$0$18,744,828
92$21,346,666$0$0$20,457,291
93$23,308,743$0$0$22,338,142
94$25,464,170$0$0$24,404,356
95$27,832,456$0$0$26,674,638
96$30,435,092$0$0$29,169,591
97$33,295,754$0$0$31,911,915
98$36,440,526$0$0$34,926,617
99$39,898,146$0$0$38,241,249
100$43,700,275$0$0$41,886,165