Can I retire at age 40 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$54,007$53,526$53,056$52,598$52,151$50,341
2 years$26,736$26,238$25,755$25,288$24,834$23,029
3 years$17,647$17,147$16,666$16,202$15,756$14,012
4 years$13,103$12,605$12,128$11,673$11,237$9,569
5 years$10,378$9,882$9,412$8,966$8,542$6,954
6 years$8,561$8,070$7,606$7,170$6,759$5,252
7 years$7,265$6,777$6,321$5,895$5,497$4,070
8 years$6,292$5,809$5,361$4,945$4,560$3,213
9 years$5,537$5,058$4,617$4,212$3,840$2,571
10 years$4,932$4,458$4,025$3,631$3,272$2,078
11 years$4,438$3,969$3,544$3,160$2,814$1,693
12 years$4,027$3,562$3,145$2,772$2,439$1,388
13 years$3,679$3,219$2,810$2,447$2,127$1,144
14 years$3,381$2,926$2,525$2,172$1,864$946
15 years$3,123$2,673$2,279$1,937$1,641$786
16 years$2,897$2,453$2,067$1,735$1,451$654
17 years$2,699$2,259$1,881$1,558$1,286$545
18 years$2,522$2,087$1,717$1,404$1,144$456
19 years$2,365$1,934$1,572$1,269$1,019$381
20 years$2,223$1,797$1,442$1,149$911$319
21 years$2,095$1,674$1,327$1,043$815$268
22 years$1,978$1,563$1,223$948$730$225
23 years$1,872$1,462$1,129$864$656$189
24 years$1,775$1,370$1,044$788$589$159
25 years$1,686$1,285$967$719$530$133
26 years$1,604$1,208$897$658$478$112
27 years$1,528$1,137$833$602$431$95
28 years$1,458$1,071$774$552$389$80
29 years$1,392$1,011$720$506$351$67
30 years$1,331$954$671$464$317$56
31 years$1,274$902$626$426$287$48
32 years$1,221$854$584$392$259$40
33 years$1,171$808$545$360$235$34
34 years$1,124$766$509$332$212$28
35 years$1,080$727$476$305$192$24
36 years$1,039$690$445$281$174$20
37 years$999$655$417$259$158$17
38 years$962$623$390$239$143$14
39 years$927$592$366$220$130$12
40 years$894$563$343$203$118$10
41 years$863$536$321$187$107$9
42 years$833$511$302$173$97$7
43 years$804$487$283$160$88$6
44 years$777$464$266$147$80$5
45 years$751$442$249$136$73$4
46 years$727$422$234$126$66$4
47 years$703$403$220$116$60$3
48 years$681$384$207$107$54$3
49 years$659$367$194$99$49$2
50 years$639$351$183$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $654,000, adding $4,820 every year, while hoping to spend $21,649 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: 51/42/7 Blend
39$654,000$654,000$654,000$654,000
40$725,680$691,018$680,881$761,181
41$776,665$701,843$680,656$796,688
42$832,125$712,474$679,698$832,526
43$892,493$722,877$677,959$870,968
44$958,247$733,017$675,391$912,262
45$1,029,911$742,858$671,940$956,685
46$1,108,064$752,360$667,551$1,004,539
47$1,193,341$761,480$662,169$1,056,159
48$1,286,443$770,173$655,732$1,111,913
49$1,388,139$778,391$648,178$1,172,210
50$1,499,278$786,081$639,441$1,237,498
51$1,620,794$793,189$629,453$1,308,274
52$1,753,716$799,656$618,140$1,385,083
53$1,899,175$805,419$605,427$1,468,530
54$2,058,418$810,412$591,236$1,559,280
55$2,232,818$814,563$575,484$1,658,067
56$2,423,887$817,798$558,084$1,765,702
57$2,633,289$820,036$538,946$1,883,078
58$2,862,858$821,192$517,975$2,011,182
59$3,114,615$821,175$495,071$2,151,102
60$3,390,782$819,889$470,133$2,304,038
61$3,693,811$817,233$443,051$2,471,314
62$4,026,399$813,097$413,713$2,654,392
63$4,391,520$807,366$382,000$2,854,882
64$4,792,447$799,920$347,790$3,074,563
65$5,232,788$790,627$310,952$3,315,396
66$5,716,517$779,352$271,353$3,579,543
67$6,248,010$765,949$228,852$3,869,391
68$6,832,091$750,264$183,303$4,187,572
69$7,474,071$732,134$134,550$4,536,989
70$8,179,805$711,387$82,436$4,920,844
71$8,955,739$687,840$26,792$5,342,668
72$9,808,979$661,299$0$5,806,357
73$10,747,352$631,559$0$6,318,641
74$11,779,482$598,405$0$6,884,117
75$12,914,869$561,608$0$7,506,020
76$14,163,984$520,924$0$8,190,128
77$15,538,359$476,099$0$8,942,811
78$17,050,705$426,861$0$9,771,092
79$18,715,025$372,924$0$10,682,716
80$20,546,747$313,987$0$11,686,220
81$22,562,872$249,730$0$12,791,018
82$24,782,134$179,815$0$14,007,491
83$27,225,172$103,887$0$15,347,082
84$29,914,731$21,569$0$16,822,407
85$32,875,872$0$0$18,447,377
86$36,136,209$0$0$20,268,539
87$39,726,171$0$0$22,284,887
88$43,679,287$0$0$24,505,293
89$48,032,504$0$0$26,950,523
90$52,826,534$0$0$29,643,456
91$58,106,239$0$0$32,609,303
92$63,921,052$0$0$35,875,846
93$70,325,448$0$0$39,473,699
94$77,379,452$0$0$43,436,596
95$85,149,210$0$0$47,801,711
96$93,707,610$0$0$52,610,007
97$103,134,972$0$0$57,906,623
98$113,519,805$0$0$63,741,302
99$124,959,641$0$0$70,168,857
100$137,561,955$0$0$77,249,689