Can I retire at age 40 with 654,000?

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 $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%16.1%
1 years$54,007$53,526$53,056$52,598$52,151$50,849
2 years$26,736$26,238$25,755$25,288$24,834$23,530
3 years$17,647$17,147$16,666$16,202$15,756$14,491
4 years$13,103$12,605$12,128$11,673$11,237$10,022
5 years$10,378$9,882$9,412$8,966$8,542$7,379
6 years$8,561$8,070$7,606$7,170$6,759$5,650
7 years$7,265$6,777$6,321$5,895$5,497$4,441
8 years$6,292$5,809$5,361$4,945$4,560$3,558
9 years$5,537$5,058$4,617$4,212$3,840$2,890
10 years$4,932$4,458$4,025$3,631$3,272$2,373
11 years$4,438$3,969$3,544$3,160$2,814$1,965
12 years$4,027$3,562$3,145$2,772$2,439$1,638
13 years$3,679$3,219$2,810$2,447$2,127$1,373
14 years$3,381$2,926$2,525$2,172$1,864$1,156
15 years$3,123$2,673$2,279$1,937$1,641$976
16 years$2,897$2,453$2,067$1,735$1,451$827
17 years$2,699$2,259$1,881$1,558$1,286$703
18 years$2,522$2,087$1,717$1,404$1,144$598
19 years$2,365$1,934$1,572$1,269$1,019$510
20 years$2,223$1,797$1,442$1,149$911$435
21 years$2,095$1,674$1,327$1,043$815$372
22 years$1,978$1,563$1,223$948$730$319
23 years$1,872$1,462$1,129$864$656$273
24 years$1,775$1,370$1,044$788$589$234
25 years$1,686$1,285$967$719$530$201
26 years$1,604$1,208$897$658$478$172
27 years$1,528$1,137$833$602$431$148
28 years$1,458$1,071$774$552$389$127
29 years$1,392$1,011$720$506$351$109
30 years$1,331$954$671$464$317$94
31 years$1,274$902$626$426$287$81
32 years$1,221$854$584$392$259$70
33 years$1,171$808$545$360$235$60
34 years$1,124$766$509$332$212$51
35 years$1,080$727$476$305$192$44
36 years$1,039$690$445$281$174$38
37 years$999$655$417$259$158$33
38 years$962$623$390$239$143$28
39 years$927$592$366$220$130$24
40 years$894$563$343$203$118$21
41 years$863$536$321$187$107$18
42 years$833$511$302$173$97$16
43 years$804$487$283$160$88$13
44 years$777$464$266$147$80$12
45 years$751$442$249$136$73$10
46 years$727$422$234$126$66$9
47 years$703$403$220$116$60$7
48 years$681$384$207$107$54$6
49 years$659$367$194$99$49$5
50 years$639$351$183$92$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $654,000, adding $6,847 every year, while hoping to spend $33,714 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: 84/11/5 Blend
39$654,000$654,000$654,000$654,000
40$727,771$693,109$682,972$788,298
41$766,132$691,200$669,980$826,899
42$807,276$688,067$655,423$863,976
43$851,451$683,615$639,212$903,625
44$898,930$677,743$621,257$946,081
45$950,012$670,343$601,460$991,604
46$1,005,024$661,302$579,720$1,040,480
47$1,064,329$650,497$555,933$1,093,024
48$1,128,321$637,803$529,987$1,149,581
49$1,197,437$623,082$501,769$1,210,534
50$1,272,154$606,192$471,157$1,276,301
51$1,352,999$586,981$438,026$1,347,348
52$1,440,549$565,287$402,244$1,424,182
53$1,535,440$540,941$363,674$1,507,365
54$1,638,371$513,763$322,173$1,597,517
55$1,750,109$483,561$277,590$1,695,319
56$1,871,500$450,136$229,770$1,801,523
57$2,003,474$413,274$178,548$1,916,955
58$2,147,053$372,749$123,754$2,042,528
59$2,303,363$328,324$65,210$2,179,247
60$2,473,642$279,748$2,730$2,328,220
61$2,659,253$226,754$0$2,490,667
62$2,861,694$169,063$0$2,671,347
63$3,082,617$106,377$0$2,868,707
64$3,323,839$38,385$0$3,084,247
65$3,587,360$0$0$3,319,782
66$3,875,381$0$0$3,581,574
67$4,190,327$0$0$3,872,931
68$4,534,866$0$0$4,191,676
69$4,911,938$0$0$4,540,530
70$5,324,778$0$0$4,922,488
71$5,776,951$0$0$5,340,848
72$6,272,380$0$0$5,799,244
73$6,815,388$0$0$6,301,676
74$7,410,734$0$0$6,852,549
75$8,063,660$0$0$7,456,716
76$8,779,942$0$0$8,119,523
77$9,565,939$0$0$8,846,856
78$10,428,656$0$0$9,645,200
79$11,375,811$0$0$10,521,698
80$12,415,904$0$0$11,484,218
81$13,558,299$0$0$12,541,428
82$14,813,311$0$0$13,702,877
83$16,192,304$0$0$14,979,084
84$17,707,798$0$0$16,381,638
85$19,373,584$0$0$17,923,304
86$21,204,858$0$0$19,618,149
87$23,218,359$0$0$21,481,668
88$25,432,532$0$0$23,530,934
89$27,867,696$0$0$25,784,756
90$30,546,240$0$0$28,263,858
91$33,492,830$0$0$30,991,074
92$36,734,646$0$0$33,991,561
93$40,301,631$0$0$37,293,040
94$44,226,780$0$0$40,926,051
95$48,546,448$0$0$44,924,246
96$53,300,690$0$0$49,324,705
97$58,533,644$0$0$54,168,284
98$64,293,942$0$0$59,500,000
99$70,635,172$0$0$65,369,457
100$77,616,379$0$0$71,831,314