Can I retire at age 40 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$53,759$53,280$52,813$52,357$51,912$50,575
2 years$26,613$26,118$25,637$25,172$24,720$23,382
3 years$17,566$17,068$16,589$16,128$15,683$14,386
4 years$13,043$12,547$12,073$11,619$11,185$9,939
5 years$10,330$9,837$9,369$8,925$8,503$7,311
6 years$8,522$8,033$7,571$7,137$6,728$5,591
7 years$7,231$6,746$6,292$5,868$5,472$4,390
8 years$6,263$5,782$5,336$4,922$4,539$3,513
9 years$5,511$5,035$4,596$4,193$3,823$2,850
10 years$4,910$4,438$4,007$3,614$3,257$2,337
11 years$4,418$3,951$3,528$3,145$2,801$1,933
12 years$4,008$3,546$3,131$2,759$2,428$1,609
13 years$3,662$3,204$2,797$2,436$2,117$1,347
14 years$3,365$2,913$2,513$2,162$1,856$1,132
15 years$3,109$2,661$2,269$1,928$1,634$955
16 years$2,884$2,441$2,057$1,727$1,444$808
17 years$2,686$2,248$1,872$1,551$1,280$685
18 years$2,511$2,078$1,709$1,398$1,138$583
19 years$2,354$1,925$1,564$1,263$1,015$496
20 years$2,213$1,789$1,436$1,144$906$423
21 years$2,085$1,667$1,321$1,038$811$361
22 years$1,969$1,556$1,217$944$727$309
23 years$1,864$1,455$1,124$860$653$264
24 years$1,767$1,363$1,039$784$587$226
25 years$1,678$1,279$963$716$528$194
26 years$1,597$1,202$893$655$475$166
27 years$1,521$1,132$829$599$429$142
28 years$1,451$1,066$771$549$387$122
29 years$1,386$1,006$717$504$349$105
30 years$1,325$950$668$462$316$90
31 years$1,269$898$623$424$285$77
32 years$1,216$850$581$390$258$66
33 years$1,166$805$543$359$234$57
34 years$1,119$763$507$330$211$49
35 years$1,075$723$474$304$192$42
36 years$1,034$687$443$280$174$36
37 years$995$652$415$258$157$31
38 years$958$620$389$238$143$27
39 years$923$589$364$219$129$23
40 years$890$561$341$202$117$20
41 years$859$534$320$186$106$17
42 years$829$508$300$172$97$15
43 years$800$484$282$159$88$12
44 years$773$462$264$147$80$11
45 years$748$440$248$135$72$9
46 years$723$420$233$125$66$8
47 years$700$401$219$116$60$7
48 years$677$383$206$107$54$6
49 years$656$365$193$99$49$5
50 years$636$349$182$91$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $651,000, adding $6,516 every year, while hoping to spend $49,291 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: 48/39/13 Blend
39$651,000$651,000$651,000$651,000
40$724,123$689,620$679,530$755,974
41$745,539$670,966$649,849$759,968
42$767,486$649,746$617,521$758,672
43$789,969$625,783$582,407$756,166
44$812,986$598,887$544,359$752,354
45$836,539$568,860$503,222$747,132
46$860,623$535,492$458,838$740,393
47$885,235$498,560$411,038$732,020
48$910,368$457,828$359,646$721,890
49$936,011$413,047$304,480$709,871
50$962,153$363,955$245,349$695,823
51$988,778$310,274$182,053$679,599
52$1,015,865$251,709$114,384$661,039
53$1,043,391$187,951$42,124$639,976
54$1,071,329$118,672$0$616,229
55$1,099,644$43,526$0$594,461
56$1,128,296$0$0$576,166
57$1,157,240$0$0$571,558
58$1,186,424$0$0$585,716
59$1,215,785$0$0$599,929
60$1,245,253$0$0$614,157
61$1,274,750$0$0$628,356
62$1,304,183$0$0$642,478
63$1,333,450$0$0$656,467
64$1,362,434$0$0$670,258
65$1,391,002$0$0$683,782
66$1,419,007$0$0$696,957
67$1,446,282$0$0$709,695
68$1,472,638$0$0$721,893
69$1,497,866$0$0$733,440
70$1,521,730$0$0$744,209
71$1,543,968$0$0$754,059
72$1,564,285$0$0$762,832
73$1,582,353$0$0$770,355
74$1,597,807$0$0$776,430
75$1,610,241$0$0$780,841
76$1,619,201$0$0$783,347
77$1,624,183$0$0$783,678
78$1,624,628$0$0$781,537
79$1,619,913$0$0$776,592
80$1,609,349$0$0$768,475
81$1,592,171$0$0$756,780
82$1,567,528$0$0$741,054
83$1,534,479$0$0$720,797
84$1,491,982$0$0$695,456
85$1,438,882$0$0$664,415
86$1,373,899$0$0$626,995
87$1,295,617$0$0$582,446
88$1,202,471$0$0$529,934
89$1,092,727$0$0$468,541
90$964,468$0$0$397,249
91$815,576$0$0$314,934
92$643,708$0$0$220,354
93$446,275$0$0$112,135
94$220,416$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0