Can I retire at age 40 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$53,181$52,707$52,245$51,794$51,353$50,173
2 years$26,327$25,837$25,362$24,901$24,454$23,271
3 years$17,377$16,885$16,411$15,954$15,515$14,367
4 years$12,903$12,412$11,943$11,494$11,065$9,961
5 years$10,219$9,731$9,268$8,829$8,412$7,354
6 years$8,431$7,946$7,490$7,060$6,656$5,645
7 years$7,153$6,673$6,224$5,805$5,413$4,450
8 years$6,196$5,720$5,279$4,869$4,491$3,576
9 years$5,452$4,980$4,546$4,148$3,782$2,913
10 years$4,857$4,390$3,964$3,575$3,222$2,400
11 years$4,370$3,908$3,490$3,112$2,771$1,993
12 years$3,965$3,508$3,097$2,729$2,401$1,667
13 years$3,623$3,170$2,767$2,410$2,094$1,402
14 years$3,329$2,881$2,486$2,139$1,836$1,184
15 years$3,075$2,632$2,245$1,908$1,616$1,004
16 years$2,853$2,415$2,035$1,708$1,428$854
17 years$2,657$2,224$1,852$1,535$1,267$728
18 years$2,484$2,055$1,690$1,383$1,126$622
19 years$2,328$1,905$1,548$1,250$1,004$532
20 years$2,189$1,770$1,420$1,132$897$456
21 years$2,063$1,649$1,306$1,027$802$391
22 years$1,948$1,539$1,204$934$719$336
23 years$1,844$1,439$1,112$851$646$289
24 years$1,748$1,349$1,028$776$580$249
25 years$1,660$1,266$952$708$522$214
26 years$1,579$1,189$883$648$470$185
27 years$1,505$1,119$820$593$424$159
28 years$1,435$1,055$762$543$383$138
29 years$1,371$995$709$498$346$119
30 years$1,311$940$661$457$312$102
31 years$1,255$888$616$420$282$88
32 years$1,202$841$575$386$255$76
33 years$1,153$796$537$355$231$66
34 years$1,107$754$501$327$209$57
35 years$1,064$716$469$301$189$49
36 years$1,023$679$439$277$172$43
37 years$984$645$411$255$156$37
38 years$948$613$384$235$141$32
39 years$913$583$360$217$128$28
40 years$880$555$338$200$116$24
41 years$849$528$317$184$105$21
42 years$820$503$297$170$96$18
43 years$792$479$279$157$87$15
44 years$765$457$262$145$79$13
45 years$740$435$246$134$71$12
46 years$715$415$231$124$65$10
47 years$692$396$217$114$59$9
48 years$670$378$204$106$53$7
49 years$649$361$191$98$49$6
50 years$629$345$180$90$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $644,000, adding $3,279 every year, while hoping to spend $39,535 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: 49/34/17 Blend
39$644,000$644,000$644,000$644,000
40$713,070$678,938$668,956$744,481
41$743,739$670,141$649,301$757,738
42$776,210$659,588$627,663$767,802
43$810,627$647,151$603,933$777,881
44$847,144$632,695$577,998$787,989
45$885,932$616,076$549,740$798,146
46$927,176$597,143$519,036$808,379
47$971,079$575,735$485,755$818,715
48$1,017,865$551,682$449,764$829,191
49$1,067,777$524,804$410,920$839,851
50$1,121,081$494,910$369,077$850,744
51$1,178,071$461,800$324,081$861,929
52$1,239,067$425,261$275,770$873,477
53$1,304,421$385,068$223,977$885,466
54$1,374,519$340,983$168,527$897,991
55$1,449,783$292,754$109,236$911,157
56$1,530,679$240,117$45,913$925,088
57$1,617,716$182,791$0$939,924
58$1,711,454$120,479$0$959,755
59$1,812,509$52,869$0$989,977
60$1,921,556$0$0$1,022,499
61$2,039,337$0$0$1,065,220
62$2,166,668$0$0$1,132,842
63$2,304,445$0$0$1,206,070
64$2,453,654$0$0$1,285,434
65$2,615,378$0$0$1,371,518
66$2,790,809$0$0$1,464,964
67$2,981,257$0$0$1,566,478
68$3,188,162$0$0$1,676,838
69$3,413,110$0$0$1,796,897
70$3,657,846$0$0$1,927,597
71$3,924,287$0$0$2,069,971
72$4,214,546$0$0$2,225,160
73$4,530,945$0$0$2,394,415
74$4,876,043$0$0$2,579,116
75$5,252,652$0$0$2,780,782
76$5,663,873$0$0$3,001,083
77$6,113,115$0$0$3,241,860
78$6,604,133$0$0$3,505,138
79$7,141,060$0$0$3,793,147
80$7,728,447$0$0$4,108,344
81$8,371,307$0$0$4,453,432
82$9,075,157$0$0$4,831,390
83$9,846,074$0$0$5,245,495
84$10,690,750$0$0$5,699,361
85$11,616,555$0$0$6,196,964
86$12,631,605$0$0$6,742,685
87$13,744,841$0$0$7,341,349
88$14,966,108$0$0$7,998,270
89$16,306,252$0$0$8,719,303
90$17,777,219$0$0$9,510,894
91$19,392,168$0$0$10,380,149
92$21,165,595$0$0$11,334,890
93$23,113,467$0$0$12,383,737
94$25,253,376$0$0$13,536,187
95$27,604,698$0$0$14,802,700
96$30,188,783$0$0$16,194,801
97$33,029,149$0$0$17,725,186
98$36,151,708$0$0$19,407,843
99$39,585,005$0$0$21,258,185
100$43,360,492$0$0$23,293,189