Can I retire at age 40 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$54,089$53,607$53,137$52,679$52,231$50,681
2 years$26,777$26,278$25,795$25,326$24,872$23,323
3 years$17,674$17,173$16,691$16,227$15,780$14,281
4 years$13,123$12,624$12,147$11,690$11,254$9,816
5 years$10,394$9,897$9,426$8,979$8,555$7,183
6 years$8,575$8,082$7,618$7,181$6,769$5,463
7 years$7,276$6,787$6,331$5,904$5,505$4,265
8 years$6,302$5,818$5,369$4,953$4,567$3,393
9 years$5,545$5,066$4,624$4,218$3,846$2,736
10 years$4,940$4,465$4,031$3,636$3,277$2,230
11 years$4,445$3,975$3,549$3,165$2,819$1,832
12 years$4,033$3,568$3,150$2,776$2,442$1,515
13 years$3,684$3,224$2,814$2,451$2,130$1,260
14 years$3,386$2,931$2,529$2,175$1,867$1,052
15 years$3,128$2,677$2,283$1,940$1,644$881
16 years$2,902$2,456$2,070$1,737$1,453$740
17 years$2,703$2,262$1,883$1,561$1,288$623
18 years$2,526$2,090$1,719$1,407$1,145$526
19 years$2,368$1,937$1,574$1,271$1,021$444
20 years$2,226$1,800$1,445$1,151$912$376
21 years$2,098$1,677$1,329$1,045$816$319
22 years$1,981$1,565$1,225$950$731$270
23 years$1,875$1,464$1,131$865$657$229
24 years$1,778$1,372$1,046$789$590$195
25 years$1,689$1,287$969$721$531$165
26 years$1,606$1,210$898$659$478$141
27 years$1,530$1,139$834$603$431$120
28 years$1,460$1,073$775$553$389$102
29 years$1,394$1,012$722$507$351$87
30 years$1,333$956$672$465$318$74
31 years$1,276$904$627$427$287$63
32 years$1,223$855$585$392$260$53
33 years$1,173$810$546$361$235$46
34 years$1,126$767$510$332$213$39
35 years$1,082$728$477$306$193$33
36 years$1,040$691$446$282$175$28
37 years$1,001$656$418$259$158$24
38 years$964$624$391$239$143$20
39 years$929$593$366$220$130$17
40 years$895$564$343$203$118$15
41 years$864$537$322$188$107$13
42 years$834$511$302$173$97$11
43 years$805$487$283$160$88$9
44 years$778$464$266$148$80$8
45 years$752$443$250$136$73$7
46 years$728$423$235$126$66$6
47 years$704$403$220$116$60$5
48 years$682$385$207$107$54$4
49 years$660$368$195$99$49$4
50 years$640$351$183$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $655,000, adding $3,921 every year, while hoping to spend $22,005 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: 42/34/24 Blend
39$655,000$655,000$655,000$655,000
40$725,855$691,140$680,987$751,095
41$776,479$701,592$680,387$779,960
42$831,529$711,820$679,029$808,800
43$891,433$721,787$676,865$839,596
44$956,663$731,459$673,844$872,540
45$1,027,737$740,795$669,912$907,845
46$1,105,226$749,753$665,014$945,746
47$1,189,757$758,289$659,090$986,504
48$1,282,023$766,355$652,080$1,030,406
49$1,382,783$773,901$643,918$1,077,771
50$1,492,875$780,870$634,538$1,128,949
51$1,613,221$787,206$623,868$1,184,329
52$1,744,838$792,847$611,835$1,244,341
53$1,888,842$797,727$598,362$1,309,461
54$2,046,464$801,776$583,368$1,380,212
55$2,219,060$804,919$566,767$1,457,174
56$2,408,122$807,079$548,472$1,540,989
57$2,615,294$808,169$528,390$1,632,363
58$2,842,386$808,102$506,423$1,732,080
59$3,091,393$806,782$482,471$1,841,002
60$3,364,509$804,108$456,428$1,960,085
61$3,664,153$799,973$428,182$2,090,382
62$3,992,989$794,265$397,619$2,233,056
63$4,353,953$786,863$364,618$2,389,394
64$4,750,275$777,638$329,052$2,560,815
65$5,185,518$766,457$290,790$2,748,886
66$5,663,602$753,175$249,693$2,955,336
67$6,188,850$737,641$205,618$3,182,078
68$6,766,021$719,694$158,415$3,431,218
69$7,400,360$699,163$107,926$3,705,085
70$8,097,644$675,869$53,989$4,006,247
71$8,864,238$649,621$0$4,337,542
72$9,707,154$620,216$0$4,703,012
73$10,634,119$587,442$0$5,120,011
74$11,653,644$551,072$0$5,578,558
75$12,775,109$510,868$0$6,082,907
76$14,008,847$466,577$0$6,637,751
77$15,366,241$417,931$0$7,248,263
78$16,859,838$364,650$0$7,920,150
79$18,503,458$306,434$0$8,659,700
80$20,312,330$242,969$0$9,473,851
81$22,303,236$173,923$0$10,370,249
82$24,494,663$98,943$0$11,357,327
83$26,906,986$17,658$0$12,444,381
84$29,562,653$0$0$13,641,661
85$32,486,399$0$0$14,986,777
86$35,705,481$0$0$16,475,146
87$39,249,931$0$0$18,114,060
88$43,152,844$0$0$19,918,834
89$47,450,685$0$0$21,906,345
90$52,183,638$0$0$24,095,190
91$57,395,981$0$0$26,505,860
92$63,136,506$0$0$29,160,937
93$69,458,978$0$0$32,085,303
94$76,422,642$0$0$35,306,378
95$84,092,783$0$0$38,854,376
96$92,541,343$0$0$42,762,593
97$101,847,595$0$0$47,067,718
98$112,098,897$0$0$51,810,180
99$123,391,510$0$0$57,034,533
100$135,831,515$0$0$62,789,870