Can I retire at age 40 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$54,007$53,526$53,056$52,598$52,151$50,563
2 years$26,736$26,238$25,755$25,288$24,834$23,247
3 years$17,647$17,147$16,666$16,202$15,756$14,220
4 years$13,103$12,605$12,128$11,673$11,237$9,765
5 years$10,378$9,882$9,412$8,966$8,542$7,138
6 years$8,561$8,070$7,606$7,170$6,759$5,423
7 years$7,265$6,777$6,321$5,895$5,497$4,229
8 years$6,292$5,809$5,361$4,945$4,560$3,360
9 years$5,537$5,058$4,617$4,212$3,840$2,707
10 years$4,932$4,458$4,025$3,631$3,272$2,203
11 years$4,438$3,969$3,544$3,160$2,814$1,808
12 years$4,027$3,562$3,145$2,772$2,439$1,493
13 years$3,679$3,219$2,810$2,447$2,127$1,240
14 years$3,381$2,926$2,525$2,172$1,864$1,034
15 years$3,123$2,673$2,279$1,937$1,641$865
16 years$2,897$2,453$2,067$1,735$1,451$725
17 years$2,699$2,259$1,881$1,558$1,286$610
18 years$2,522$2,087$1,717$1,404$1,144$514
19 years$2,365$1,934$1,572$1,269$1,019$433
20 years$2,223$1,797$1,442$1,149$911$366
21 years$2,095$1,674$1,327$1,043$815$310
22 years$1,978$1,563$1,223$948$730$262
23 years$1,872$1,462$1,129$864$656$222
24 years$1,775$1,370$1,044$788$589$188
25 years$1,686$1,285$967$719$530$160
26 years$1,604$1,208$897$658$478$136
27 years$1,528$1,137$833$602$431$115
28 years$1,458$1,071$774$552$389$98
29 years$1,392$1,011$720$506$351$83
30 years$1,331$954$671$464$317$71
31 years$1,274$902$626$426$287$60
32 years$1,221$854$584$392$259$51
33 years$1,171$808$545$360$235$43
34 years$1,124$766$509$332$212$37
35 years$1,080$727$476$305$192$31
36 years$1,039$690$445$281$174$27
37 years$999$655$417$259$158$23
38 years$962$623$390$239$143$19
39 years$927$592$366$220$130$16
40 years$894$563$343$203$118$14
41 years$863$536$321$187$107$12
42 years$833$511$302$173$97$10
43 years$804$487$283$160$88$9
44 years$777$464$266$147$80$7
45 years$751$442$249$136$73$6
46 years$727$422$234$126$66$5
47 years$703$403$220$116$60$5
48 years$681$384$207$107$54$4
49 years$659$367$194$99$49$3
50 years$639$351$183$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $654,000, adding $3,592 every year, while hoping to spend $24,381 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: 44/34/22 Blend
39$654,000$654,000$654,000$654,000
40$724,413$689,751$679,614$751,529
41$772,362$697,608$676,440$778,901
42$824,385$705,032$672,342$805,899
43$880,871$711,978$667,265$834,668
44$942,249$718,394$661,147$865,387
45$1,008,991$724,228$653,928$898,250
46$1,081,615$729,422$645,542$933,474
47$1,160,693$733,917$635,921$971,298
48$1,246,853$737,648$624,994$1,011,989
49$1,340,785$740,546$612,684$1,055,840
50$1,443,252$742,540$598,916$1,103,177
51$1,555,090$743,550$583,606$1,154,359
52$1,677,221$743,496$566,668$1,209,784
53$1,810,660$742,290$548,014$1,269,893
54$1,956,524$739,839$527,550$1,335,175
55$2,116,044$736,045$505,176$1,406,167
56$2,290,573$730,804$480,792$1,483,466
57$2,481,602$724,004$454,290$1,567,731
58$2,690,775$715,530$425,558$1,659,692
59$2,919,899$705,256$394,479$1,760,154
60$3,170,965$693,050$360,931$1,870,008
61$3,446,167$678,773$324,786$1,990,239
62$3,747,920$662,277$285,910$2,121,935
63$4,078,885$643,405$244,165$2,266,299
64$4,441,992$621,992$199,405$2,424,659
65$4,840,467$597,863$151,477$2,598,484
66$5,277,867$570,830$100,224$2,789,394
67$5,758,108$540,699$45,480$2,999,182
68$6,285,503$507,261$0$3,229,825
69$6,864,804$470,297$0$3,486,547
70$7,501,247$429,574$0$3,780,312
71$8,200,598$384,848$0$4,103,143
72$8,969,212$335,857$0$4,458,027
73$9,814,086$282,329$0$4,848,260
74$10,742,933$223,974$0$5,277,477
75$11,764,249$160,485$0$5,749,688
76$12,887,393$91,540$0$6,269,317
77$14,122,679$16,796$0$6,841,240
78$15,481,468$0$0$7,470,840
79$16,976,279$0$0$8,188,034
80$18,620,905$0$0$8,984,113
81$20,430,544$0$0$9,860,159
82$22,421,941$0$0$10,824,293
83$24,613,546$0$0$11,885,457
84$27,025,689$0$0$13,053,508
85$29,680,769$0$0$14,339,306
86$32,603,470$0$0$15,754,818
87$35,820,986$0$0$17,313,227
88$39,363,286$0$0$19,029,065
89$43,263,390$0$0$20,918,339
90$47,557,684$0$0$22,998,691
91$52,286,260$0$0$25,289,559
92$57,493,299$0$0$27,812,363
93$63,227,482$0$0$30,590,707
94$69,542,452$0$0$33,650,598
95$76,497,321$0$0$37,020,697
96$84,157,224$0$0$40,732,584
97$92,593,939$0$0$44,821,061
98$101,886,559$0$0$49,324,476
99$112,122,239$0$0$54,285,086
100$123,397,020$0$0$59,749,459