Can I retire at age 40 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$52,355$51,889$51,434$50,990$50,556$48,762
2 years$25,918$25,436$24,968$24,514$24,074$22,286
3 years$17,107$16,622$16,156$15,707$15,274$13,548
4 years$12,703$12,219$11,757$11,316$10,893$9,242
5 years$10,060$9,580$9,124$8,692$8,281$6,709
6 years$8,300$7,823$7,374$6,951$6,552$5,061
7 years$7,042$6,570$6,128$5,715$5,329$3,918
8 years$6,100$5,631$5,197$4,794$4,421$3,089
9 years$5,367$4,903$4,476$4,083$3,723$2,469
10 years$4,781$4,322$3,902$3,520$3,172$1,993
11 years$4,302$3,848$3,435$3,063$2,728$1,622
12 years$3,904$3,453$3,049$2,687$2,364$1,328
13 years$3,566$3,121$2,724$2,372$2,062$1,093
14 years$3,278$2,837$2,447$2,106$1,807$903
15 years$3,027$2,591$2,210$1,878$1,591$748
16 years$2,809$2,378$2,003$1,681$1,406$622
17 years$2,616$2,190$1,823$1,511$1,247$518
18 years$2,445$2,023$1,664$1,362$1,109$432
19 years$2,292$1,875$1,524$1,230$988$361
20 years$2,155$1,743$1,398$1,114$883$302
21 years$2,031$1,623$1,286$1,011$790$253
22 years$1,918$1,515$1,185$919$708$212
23 years$1,815$1,417$1,094$837$636$178
24 years$1,721$1,328$1,012$764$571$149
25 years$1,635$1,246$937$697$514$125
26 years$1,555$1,171$869$638$463$105
27 years$1,481$1,102$807$584$417$88
28 years$1,413$1,038$751$535$377$74
29 years$1,350$980$698$490$340$62
30 years$1,291$925$651$450$307$53
31 years$1,235$875$607$413$278$44
32 years$1,184$828$566$380$251$37
33 years$1,135$784$528$349$227$31
34 years$1,090$743$494$321$206$26
35 years$1,047$705$462$296$187$22
36 years$1,007$669$432$273$169$19
37 years$969$635$404$251$153$16
38 years$933$604$378$231$139$13
39 years$899$574$355$213$126$11
40 years$867$546$332$197$114$9
41 years$836$520$312$182$104$8
42 years$807$495$292$168$94$7
43 years$780$472$274$155$85$6
44 years$753$450$257$143$77$5
45 years$728$429$242$132$70$4
46 years$704$409$227$122$64$3
47 years$682$390$213$113$58$3
48 years$660$373$200$104$53$2
49 years$639$356$188$96$48$2
50 years$619$340$177$89$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $634,000, adding $4,609 every year, while hoping to spend $45,694 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: 64/12/24 Blend
39$634,000$634,000$634,000$634,000
40$703,422$669,820$659,993$743,755
41$726,553$654,023$633,485$755,732
42$750,512$635,921$604,557$763,297
43$775,335$615,352$573,081$770,533
44$801,061$592,145$538,920$777,411
45$827,729$566,121$501,934$783,903
46$855,384$537,088$461,976$789,979
47$884,072$504,843$418,890$795,608
48$913,841$469,174$372,517$800,757
49$944,744$429,855$322,687$805,393
50$976,836$386,646$269,225$809,483
51$1,010,176$339,295$211,948$812,990
52$1,044,830$287,536$150,664$815,879
53$1,080,863$231,086$85,172$818,113
54$1,118,351$169,649$15,264$819,655
55$1,157,370$102,909$0$820,465
56$1,198,004$30,534$0$835,701
57$1,240,345$0$0$855,288
58$1,284,489$0$0$881,648
59$1,330,542$0$0$913,363
60$1,378,615$0$0$946,480
61$1,428,831$0$0$981,082
62$1,481,321$0$0$1,017,263
63$1,536,227$0$0$1,055,122
64$1,593,705$0$0$1,094,767
65$1,653,919$0$0$1,136,314
66$1,717,052$0$0$1,179,890
67$1,783,299$0$0$1,225,632
68$1,852,873$0$0$1,273,691
69$1,926,005$0$0$1,324,227
70$2,002,948$0$0$1,377,417
71$2,083,973$0$0$1,433,453
72$2,169,381$0$0$1,492,545
73$2,259,494$0$0$1,554,919
74$2,354,667$0$0$1,620,825
75$2,455,286$0$0$1,690,534
76$2,561,772$0$0$1,764,341
77$2,674,585$0$0$1,842,569
78$2,794,228$0$0$1,925,573
79$2,921,250$0$0$2,013,736
80$3,056,251$0$0$2,107,483
81$3,199,889$0$0$2,207,275
82$3,352,883$0$0$2,313,618
83$3,516,020$0$0$2,427,066
84$3,690,164$0$0$2,548,225
85$3,876,258$0$0$2,677,761
86$4,075,340$0$0$2,816,403
87$4,288,544$0$0$2,964,949
88$4,517,117$0$0$3,124,278
89$4,762,426$0$0$3,295,350
90$5,025,970$0$0$3,479,222
91$5,309,395$0$0$3,677,054
92$5,614,510$0$0$3,890,117
93$5,943,298$0$0$4,119,809
94$6,297,939$0$0$4,367,666
95$6,680,830$0$0$4,635,376
96$7,094,601$0$0$4,924,791
97$7,542,145$0$0$5,237,950
98$8,026,641$0$0$5,577,092
99$8,551,585$0$0$5,944,681
100$9,120,819$0$0$6,343,423