Can I retire at age 40 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$53,098$52,625$52,164$51,714$51,274$50,844
2 years$26,286$25,797$25,322$24,862$24,416$23,983
3 years$17,350$16,858$16,385$15,929$15,491$15,068
4 years$12,883$12,393$11,924$11,476$11,048$10,638
5 years$10,203$9,716$9,254$8,815$8,399$8,003
6 years$8,417$7,934$7,478$7,049$6,645$6,265
7 years$7,142$6,663$6,215$5,796$5,405$5,040
8 years$6,186$5,711$5,270$4,862$4,484$4,134
9 years$5,443$4,973$4,539$4,141$3,776$3,441
10 years$4,849$4,383$3,958$3,570$3,217$2,897
11 years$4,364$3,902$3,484$3,107$2,767$2,462
12 years$3,959$3,502$3,092$2,725$2,398$2,107
13 years$3,617$3,165$2,763$2,406$2,091$1,814
14 years$3,324$2,877$2,482$2,136$1,833$1,570
15 years$3,070$2,628$2,241$1,905$1,614$1,364
16 years$2,849$2,411$2,032$1,705$1,426$1,189
17 years$2,653$2,221$1,849$1,532$1,265$1,040
18 years$2,480$2,052$1,688$1,381$1,124$912
19 years$2,325$1,902$1,545$1,248$1,002$801
20 years$2,185$1,767$1,418$1,130$895$706
21 years$2,059$1,646$1,304$1,026$801$622
22 years$1,945$1,537$1,202$933$718$550
23 years$1,841$1,437$1,110$849$645$486
24 years$1,745$1,347$1,027$775$579$430
25 years$1,658$1,264$951$707$521$381
26 years$1,577$1,188$882$647$470$338
27 years$1,502$1,118$819$592$423$300
28 years$1,433$1,053$761$542$382$267
29 years$1,369$994$708$497$345$237
30 years$1,309$938$660$456$312$211
31 years$1,253$887$615$419$282$187
32 years$1,201$839$574$385$255$167
33 years$1,152$795$536$354$231$148
34 years$1,105$753$501$326$209$132
35 years$1,062$715$468$300$189$118
36 years$1,021$678$438$276$171$105
37 years$983$644$410$255$155$94
38 years$946$612$384$235$141$83
39 years$912$582$360$216$128$74
40 years$879$554$337$200$116$66
41 years$848$527$316$184$105$59
42 years$819$502$296$170$95$53
43 years$791$478$278$157$87$47
44 years$764$456$261$145$79$42
45 years$739$435$245$134$71$37
46 years$714$415$230$124$65$33
47 years$691$396$216$114$59$30
48 years$669$378$203$106$53$27
49 years$648$361$191$98$49$24
50 years$628$345$180$90$44$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $643,000, adding $2,215 every year, while hoping to spend $27,633 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: 54/41/5 Blend
39$643,000$643,000$643,000$643,000
40$710,871$676,792$666,825$748,389
41$753,978$680,553$659,763$777,729
42$800,557$683,573$651,537$806,392
43$850,931$685,785$642,081$836,905
44$905,457$687,121$631,323$869,447
45$964,529$687,505$619,187$904,215
46$1,028,578$686,860$605,597$941,430
47$1,098,079$685,101$590,470$981,334
48$1,173,553$682,141$573,720$1,024,194
49$1,255,574$677,885$555,259$1,070,307
50$1,344,775$672,234$534,993$1,120,002
51$1,441,850$665,081$512,823$1,173,642
52$1,547,564$656,315$488,647$1,231,628
53$1,662,758$645,817$462,359$1,294,404
54$1,788,358$633,460$433,847$1,362,461
55$1,925,383$619,112$402,993$1,436,343
56$2,074,954$602,632$369,677$1,516,650
57$2,238,308$583,869$333,769$1,604,047
58$2,416,802$562,665$295,137$1,699,266
59$2,611,934$538,854$253,642$1,803,121
60$2,825,350$512,257$209,138$1,916,506
61$3,058,866$482,687$161,474$2,040,414
62$3,314,478$449,946$110,491$2,175,940
63$3,594,386$413,825$56,024$2,324,294
64$3,901,012$374,101$0$2,486,814
65$4,237,024$330,541$0$2,665,089
66$4,605,360$282,897$0$2,863,836
67$5,009,255$230,908$0$3,081,876
68$5,452,273$174,296$0$3,321,211
69$5,938,339$112,771$0$3,584,052
70$6,471,777$46,024$0$3,872,839
71$7,057,349$0$0$4,190,265
72$7,700,301$0$0$4,551,158
73$8,406,412$0$0$4,970,370
74$9,182,048$0$0$5,430,923
75$10,034,221$0$0$5,936,991
76$10,970,657$0$0$6,493,169
77$11,999,868$0$0$7,104,521
78$13,131,230$0$0$7,776,626
79$14,375,072$0$0$8,515,631
80$15,742,777$0$0$9,328,306
81$17,246,884$0$0$10,222,113
82$18,901,207$0$0$11,205,271
83$20,720,969$0$0$12,286,837
84$22,722,939$0$0$13,476,790
85$24,925,595$0$0$14,786,123
86$27,349,297$0$0$16,226,952
87$30,016,477$0$0$17,812,624
88$32,951,853$0$0$19,557,845
89$36,182,659$0$0$21,478,822
90$39,738,902$0$0$23,593,410
91$43,653,650$0$0$25,921,284
92$47,963,335$0$0$28,484,123
93$52,708,103$0$0$31,305,816
94$57,932,193$0$0$34,412,686
95$63,684,347$0$0$37,833,737
96$70,018,277$0$0$41,600,931
97$76,993,169$0$0$45,749,485
98$84,674,241$0$0$50,318,207
99$93,133,357$0$0$55,349,861
100$102,449,706$0$0$60,891,568