Can I retire at age 40 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$53,263$52,789$52,326$51,874$51,433$50,706
2 years$26,368$25,877$25,401$24,940$24,492$23,761
3 years$17,404$16,911$16,436$15,979$15,539$14,827
4 years$12,923$12,431$11,961$11,512$11,082$10,394
5 years$10,235$9,746$9,282$8,842$8,425$7,763
6 years$8,444$7,959$7,502$7,071$6,666$6,031
7 years$7,165$6,684$6,234$5,814$5,421$4,814
8 years$6,206$5,729$5,287$4,877$4,498$3,917
9 years$5,460$4,988$4,554$4,154$3,788$3,234
10 years$4,864$4,397$3,970$3,581$3,227$2,700
11 years$4,377$3,914$3,495$3,116$2,775$2,274
12 years$3,971$3,513$3,102$2,734$2,405$1,929
13 years$3,628$3,175$2,771$2,413$2,097$1,646
14 years$3,334$2,886$2,490$2,142$1,839$1,411
15 years$3,080$2,636$2,248$1,911$1,619$1,214
16 years$2,858$2,419$2,038$1,711$1,431$1,049
17 years$2,662$2,228$1,855$1,537$1,269$908
18 years$2,488$2,058$1,693$1,385$1,128$789
19 years$2,332$1,908$1,550$1,252$1,005$686
20 years$2,192$1,773$1,422$1,134$898$598
21 years$2,066$1,651$1,308$1,029$804$522
22 years$1,951$1,541$1,206$935$720$456
23 years$1,847$1,442$1,113$852$647$399
24 years$1,751$1,351$1,030$777$581$349
25 years$1,663$1,268$954$710$523$306
26 years$1,582$1,191$885$649$471$269
27 years$1,507$1,121$821$594$425$236
28 years$1,438$1,056$764$544$383$207
29 years$1,373$997$711$499$346$182
30 years$1,313$941$662$458$313$160
31 years$1,257$890$617$421$283$141
32 years$1,204$842$576$387$256$124
33 years$1,155$797$538$355$231$109
34 years$1,109$756$502$327$210$96
35 years$1,065$717$470$301$190$84
36 years$1,024$680$439$277$172$74
37 years$986$646$411$255$156$65
38 years$949$614$385$235$141$58
39 years$915$584$361$217$128$51
40 years$882$556$338$200$116$45
41 years$851$529$317$185$105$39
42 years$821$504$297$171$96$35
43 years$793$480$279$157$87$31
44 years$766$457$262$145$79$27
45 years$741$436$246$134$72$24
46 years$717$416$231$124$65$21
47 years$693$397$217$115$59$18
48 years$671$379$204$106$54$16
49 years$650$362$192$98$49$14
50 years$630$346$180$90$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $645,000, adding $6,375 every year, while hoping to spend $34,592 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: 75/20/5 Blend
39$645,000$645,000$645,000$645,000
40$717,366$683,181$673,183$770,442
41$753,732$679,851$658,929$802,880
42$792,647$675,199$643,038$833,349
43$834,336$669,123$625,419$865,725
44$879,044$661,515$605,976$900,183
45$927,040$652,263$584,610$936,918
46$978,618$641,244$561,215$976,143
47$1,034,104$628,332$535,682$1,018,093
48$1,093,853$613,390$507,898$1,063,027
49$1,158,256$596,276$477,742$1,111,234
50$1,227,742$576,838$445,090$1,163,030
51$1,302,783$554,914$409,812$1,218,763
52$1,383,897$530,335$371,771$1,278,821
53$1,471,654$502,921$330,825$1,343,628
54$1,566,680$472,481$286,825$1,413,655
55$1,669,664$438,815$239,616$1,489,421
56$1,781,362$401,710$189,036$1,571,499
57$1,902,607$360,940$134,915$1,660,520
58$2,034,315$316,268$77,077$1,757,184
59$2,177,493$267,443$15,337$1,862,259
60$2,333,250$214,200$0$1,976,597
61$2,502,803$156,257$0$2,103,834
62$2,687,495$93,320$0$2,243,355
63$2,888,801$25,075$0$2,395,498
64$3,108,348$0$0$2,561,536
65$3,347,922$0$0$2,753,615
66$3,609,491$0$0$2,969,379
67$3,895,224$0$0$3,205,100
68$4,207,505$0$0$3,462,750
69$4,548,960$0$0$3,744,497
70$4,922,480$0$0$4,052,732
71$5,331,249$0$0$4,390,086
72$5,778,773$0$0$4,759,455
73$6,268,913$0$0$5,164,029
74$6,805,919$0$0$5,607,321
75$7,394,473$0$0$6,093,201
76$8,039,731$0$0$6,625,930
77$8,747,373$0$0$7,210,201
78$9,523,654$0$0$7,851,183
79$10,375,463$0$0$8,554,569
80$11,310,389$0$0$9,326,632
81$12,336,791$0$0$10,174,279
82$13,463,878$0$0$11,105,120
83$14,701,792$0$0$12,127,539
84$16,061,709$0$0$13,250,770
85$17,555,938$0$0$14,484,987
86$19,198,040$0$0$15,841,397
87$21,002,955$0$0$17,332,347
88$22,987,143$0$0$18,971,441
89$25,168,738$0$0$20,773,665
90$27,567,718$0$0$22,755,531
91$30,206,095$0$0$24,935,230
92$33,108,120$0$0$27,332,805
93$36,300,513$0$0$29,970,340
94$39,812,715$0$0$32,872,165
95$43,677,161$0$0$36,065,090
96$47,929,593$0$0$39,578,651
97$52,609,390$0$0$43,445,396
98$57,759,942$0$0$47,701,185
99$63,429,059$0$0$52,385,531
100$69,669,420$0$0$57,541,974