Can I retire at age 40 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$51,860$51,398$50,947$50,507$50,078$48,072
2 years$25,673$25,195$24,732$24,282$23,846$21,851
3 years$16,945$16,465$16,003$15,558$15,129$13,207
4 years$12,582$12,104$11,646$11,209$10,790$8,955
5 years$9,965$9,489$9,038$8,609$8,203$6,460
6 years$8,221$7,749$7,304$6,885$6,490$4,841
7 years$6,976$6,507$6,070$5,660$5,278$3,722
8 years$6,042$5,578$5,147$4,748$4,379$2,914
9 years$5,316$4,857$4,434$4,045$3,688$2,311
10 years$4,736$4,281$3,865$3,486$3,142$1,852
11 years$4,262$3,811$3,403$3,034$2,702$1,495
12 years$3,867$3,421$3,020$2,661$2,342$1,215
13 years$3,533$3,091$2,698$2,350$2,042$991
14 years$3,247$2,810$2,424$2,086$1,790$812
15 years$2,999$2,567$2,189$1,860$1,576$667
16 years$2,782$2,355$1,984$1,666$1,393$550
17 years$2,591$2,169$1,806$1,496$1,235$454
18 years$2,422$2,004$1,648$1,349$1,098$375
19 years$2,271$1,857$1,509$1,219$979$311
20 years$2,134$1,726$1,385$1,104$874$257
21 years$2,011$1,608$1,274$1,002$782$214
22 years$1,900$1,501$1,174$911$701$177
23 years$1,798$1,404$1,084$829$630$147
24 years$1,705$1,315$1,003$756$566$122
25 years$1,619$1,234$929$691$509$102
26 years$1,540$1,160$861$632$459$85
27 years$1,467$1,092$800$578$414$71
28 years$1,400$1,029$743$530$373$59
29 years$1,337$970$692$486$337$49
30 years$1,278$916$644$446$304$41
31 years$1,224$866$601$409$275$34
32 years$1,173$820$561$376$249$28
33 years$1,125$776$523$346$225$23
34 years$1,080$736$489$318$204$20
35 years$1,037$698$457$293$185$16
36 years$997$662$428$270$167$14
37 years$960$629$400$249$152$11
38 years$924$598$375$229$138$9
39 years$890$569$351$211$125$8
40 years$859$541$329$195$113$7
41 years$828$515$309$180$103$5
42 years$800$490$290$166$93$5
43 years$772$467$272$153$85$4
44 years$746$445$255$141$77$3
45 years$721$425$239$131$70$3
46 years$698$405$225$121$63$2
47 years$675$387$211$112$57$2
48 years$654$369$199$103$52$2
49 years$633$352$187$95$47$1
50 years$613$337$175$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $628,000, adding $5,698 every year, while hoping to spend $38,346 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: 25/48/27 Blend
39$628,000$628,000$628,000$628,000
40$697,933$664,649$654,915$709,355
41$728,323$656,417$636,055$711,029
42$760,527$646,497$615,278$709,183
43$794,690$634,765$592,479$706,403
44$830,970$621,090$567,549$702,635
45$869,540$605,335$540,373$697,827
46$910,590$587,352$510,832$691,923
47$954,325$566,988$478,801$684,867
48$1,000,974$544,078$444,148$676,603
49$1,050,784$518,449$406,738$667,075
50$1,104,028$489,916$366,427$656,224
51$1,161,003$458,287$323,067$643,994
52$1,222,038$423,355$276,502$630,328
53$1,287,490$384,904$226,569$615,171
54$1,357,754$342,704$173,099$598,467
55$1,433,261$296,513$115,914$580,166
56$1,514,486$246,074$54,830$560,217
57$1,601,950$191,118$0$538,573
58$1,696,224$131,358$0$518,176
59$1,797,936$66,492$0$513,055
60$1,907,777$0$0$507,427
61$2,026,505$0$0$503,338
62$2,154,953$0$0$536,994
63$2,294,038$0$0$573,526
64$2,444,768$0$0$613,210
65$2,608,248$0$0$656,348
66$2,785,699$0$0$703,276
67$2,978,458$0$0$754,359
68$3,188,001$0$0$810,003
69$3,415,948$0$0$870,651
70$3,664,083$0$0$936,793
71$3,934,368$0$0$1,008,968
72$4,228,963$0$0$1,087,768
73$4,550,247$0$0$1,173,846
74$4,900,833$0$0$1,267,921
75$5,283,603$0$0$1,370,783
76$5,701,727$0$0$1,483,303
77$6,158,693$0$0$1,606,440
78$6,658,345$0$0$1,741,251
79$7,204,913$0$0$1,888,897
80$7,803,054$0$0$2,050,659
81$8,457,898$0$0$2,227,947
82$9,175,092$0$0$2,422,315
83$9,960,857$0$0$2,635,472
84$10,822,041$0$0$2,869,303
85$11,766,189$0$0$3,125,883
86$12,801,610$0$0$3,407,496
87$13,937,455$0$0$3,716,662
88$15,183,803$0$0$4,056,153
89$16,551,758$0$0$4,429,025
90$18,053,550$0$0$4,838,642
91$19,702,649$0$0$5,288,713
92$21,513,898$0$0$5,783,322
93$23,503,643$0$0$6,326,969
94$25,689,896$0$0$6,924,610
95$28,092,495$0$0$7,581,708
96$30,733,301$0$0$8,304,280
97$33,636,392$0$0$9,098,956
98$36,828,301$0$0$9,973,039
99$40,338,255$0$0$10,934,576
100$44,198,459$0$0$11,992,436