Can I retire at age 40 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$53,511$53,035$52,570$52,116$51,672$50,650
2 years$26,491$25,997$25,519$25,056$24,606$23,580
3 years$17,485$16,990$16,513$16,053$15,611$14,614
4 years$12,983$12,489$12,017$11,566$11,134$10,173
5 years$10,283$9,792$9,326$8,883$8,464$7,542
6 years$8,483$7,996$7,537$7,104$6,697$5,815
7 years$7,198$6,715$6,263$5,841$5,447$4,605
8 years$6,235$5,756$5,311$4,900$4,518$3,717
9 years$5,486$5,011$4,575$4,173$3,805$3,043
10 years$4,887$4,417$3,988$3,598$3,242$2,519
11 years$4,397$3,932$3,511$3,131$2,788$2,103
12 years$3,990$3,530$3,116$2,746$2,416$1,768
13 years$3,645$3,190$2,784$2,425$2,107$1,495
14 years$3,350$2,899$2,502$2,152$1,847$1,269
15 years$3,094$2,649$2,259$1,919$1,626$1,082
16 years$2,871$2,430$2,048$1,719$1,437$925
17 years$2,674$2,238$1,863$1,544$1,274$793
18 years$2,499$2,068$1,701$1,392$1,133$682
19 years$2,343$1,917$1,557$1,257$1,010$587
20 years$2,202$1,781$1,429$1,139$902$506
21 years$2,075$1,659$1,314$1,034$807$437
22 years$1,960$1,549$1,211$940$724$378
23 years$1,855$1,448$1,119$856$650$327
24 years$1,759$1,357$1,035$781$584$283
25 years$1,671$1,273$958$713$525$246
26 years$1,589$1,197$889$652$473$213
27 years$1,514$1,126$825$597$427$185
28 years$1,444$1,061$767$547$385$161
29 years$1,379$1,001$714$501$348$139
30 years$1,319$946$665$460$314$121
31 years$1,263$894$620$423$284$105
32 years$1,210$846$578$388$257$92
33 years$1,160$801$540$357$232$80
34 years$1,114$759$505$329$210$69
35 years$1,070$720$472$302$191$60
36 years$1,029$683$441$279$173$52
37 years$990$649$413$257$157$46
38 years$954$617$387$237$142$40
39 years$919$587$362$218$129$35
40 years$886$558$340$201$117$30
41 years$855$531$319$186$106$26
42 years$825$506$299$171$96$23
43 years$797$482$280$158$87$20
44 years$770$460$263$146$79$17
45 years$744$438$247$135$72$15
46 years$720$418$232$125$65$13
47 years$697$399$218$115$59$11
48 years$674$381$205$106$54$10
49 years$653$364$193$98$49$9
50 years$633$347$181$91$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $648,000, adding $3,791 every year, while hoping to spend $31,686 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: 58/27/15 Blend
39$648,000$648,000$648,000$648,000
40$718,006$683,662$673,618$756,680
41$757,529$683,448$662,471$783,065
42$800,022$682,162$649,888$807,992
43$845,753$679,716$635,788$834,428
44$895,019$676,021$620,086$862,523
45$948,144$670,980$602,693$892,445
46$1,005,486$664,489$583,514$924,377
47$1,067,437$656,440$562,453$958,524
48$1,134,427$646,718$539,407$995,115
49$1,206,931$635,199$514,269$1,034,399
50$1,285,469$621,756$486,929$1,076,657
51$1,370,615$606,249$457,268$1,122,197
52$1,462,997$588,535$425,166$1,171,362
53$1,563,308$568,458$390,495$1,224,532
54$1,672,310$545,858$353,121$1,282,126
55$1,790,842$520,560$312,906$1,344,610
56$1,919,824$492,384$269,705$1,412,499
57$2,060,271$461,136$223,365$1,486,364
58$2,213,299$426,612$173,728$1,566,835
59$2,380,137$388,597$120,630$1,654,612
60$2,562,136$346,864$63,896$1,750,468
61$2,760,785$301,172$3,348$1,855,256
62$2,977,722$251,265$0$1,969,924
63$3,214,749$196,877$0$2,105,324
64$3,473,852$137,722$0$2,254,014
65$3,757,216$73,502$0$2,416,772
66$4,067,247$3,899$0$2,595,045
67$4,406,596$0$0$2,790,432
68$4,778,180$0$0$3,025,916
69$5,185,213$0$0$3,285,190
70$5,631,231$0$0$3,569,354
71$6,120,133$0$0$3,880,898
72$6,656,210$0$0$4,222,566
73$7,244,190$0$0$4,597,377
74$7,889,278$0$0$5,008,658
75$8,597,210$0$0$5,460,073
76$9,374,303$0$0$5,955,660
77$10,227,515$0$0$6,499,864
78$11,164,511$0$0$7,097,584
79$12,193,735$0$0$7,754,216
80$13,324,489$0$0$8,475,703
81$14,567,020$0$0$9,268,595
82$15,932,617$0$0$10,140,105
83$17,433,718$0$0$11,098,182
84$19,084,024$0$0$12,151,582
85$20,898,632$0$0$13,309,952
86$22,894,172$0$0$14,583,922
87$25,088,970$0$0$15,985,202
88$27,503,215$0$0$17,526,694
89$30,159,150$0$0$19,222,616
90$33,081,285$0$0$21,088,629
91$36,296,624$0$0$23,141,994
92$39,834,920$0$0$25,401,724
93$43,728,957$0$0$27,888,774
94$48,014,859$0$0$30,626,228
95$52,732,428$0$0$33,639,527
96$57,925,521$0$0$36,956,698
97$63,642,462$0$0$40,608,629
98$69,936,500$0$0$44,629,350
99$76,866,308$0$0$49,056,361
100$84,496,540$0$0$53,930,985