Can I retire at age 40 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$49,547$49,106$48,676$48,255$47,845$46,841
2 years$24,528$24,072$23,629$23,200$22,783$21,776
3 years$16,190$15,731$15,289$14,864$14,455$13,476
4 years$12,021$11,564$11,127$10,709$10,309$9,367
5 years$9,521$9,066$8,635$8,225$7,837$6,933
6 years$7,855$7,403$6,978$6,578$6,201$5,337
7 years$6,665$6,217$5,799$5,408$5,043$4,219
8 years$5,773$5,329$4,918$4,537$4,184$3,400
9 years$5,079$4,640$4,236$3,864$3,523$2,779
10 years$4,525$4,090$3,693$3,331$3,002$2,296
11 years$4,072$3,641$3,251$2,899$2,582$1,913
12 years$3,694$3,268$2,885$2,543$2,237$1,605
13 years$3,375$2,953$2,578$2,245$1,951$1,354
14 years$3,102$2,685$2,316$1,993$1,710$1,148
15 years$2,865$2,452$2,091$1,777$1,506$976
16 years$2,658$2,250$1,896$1,591$1,331$833
17 years$2,476$2,072$1,725$1,430$1,180$713
18 years$2,314$1,915$1,575$1,289$1,049$611
19 years$2,169$1,775$1,442$1,164$935$525
20 years$2,039$1,649$1,323$1,054$835$452
21 years$1,922$1,536$1,217$957$748$389
22 years$1,815$1,434$1,122$870$670$336
23 years$1,718$1,341$1,036$792$601$290
24 years$1,629$1,256$958$723$541$251
25 years$1,547$1,179$887$660$486$217
26 years$1,472$1,108$823$604$438$188
27 years$1,402$1,043$764$552$395$162
28 years$1,337$983$710$506$356$141
29 years$1,277$927$661$464$322$122
30 years$1,221$876$616$426$291$106
31 years$1,169$828$574$391$263$92
32 years$1,120$783$536$360$238$79
33 years$1,075$742$500$331$215$69
34 years$1,032$703$467$304$195$60
35 years$991$667$437$280$177$52
36 years$953$633$409$258$160$45
37 years$917$601$382$238$145$39
38 years$883$571$358$219$131$34
39 years$851$543$336$202$119$29
40 years$820$517$315$186$108$26
41 years$791$492$295$172$98$22
42 years$764$468$277$159$89$19
43 years$738$446$260$146$81$17
44 years$713$425$244$135$73$15
45 years$689$406$229$125$67$13
46 years$667$387$215$115$60$11
47 years$645$369$202$107$55$10
48 years$624$353$190$98$50$8
49 years$605$337$178$91$45$7
50 years$586$322$168$84$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $600,000, adding $5,591 every year, while hoping to spend $43,632 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: 71/20/9 Blend
39$600,000$600,000$600,000$600,000
40$666,967$635,167$625,867$712,830
41$688,574$619,866$600,410$728,606
42$710,922$602,353$572,637$739,958
43$734,041$582,474$542,425$751,195
44$757,962$560,064$509,646$762,294
45$782,719$534,951$474,163$773,231
46$808,344$506,953$435,836$783,984
47$834,877$475,874$394,518$794,525
48$862,354$441,512$350,054$804,829
49$890,816$403,649$302,283$814,866
50$920,308$362,056$251,038$824,608
51$950,875$316,492$196,143$834,024
52$982,565$266,701$137,415$843,080
53$1,015,431$212,414$74,663$851,744
54$1,049,528$153,345$7,687$859,980
55$1,084,914$89,193$0$867,752
56$1,121,652$19,640$0$881,148
57$1,159,808$0$0$895,189
58$1,199,455$0$0$921,364
59$1,240,668$0$0$953,071
60$1,283,528$0$0$986,050
61$1,328,125$0$0$1,020,369
62$1,374,551$0$0$1,056,103
63$1,422,908$0$0$1,093,328
64$1,473,304$0$0$1,132,129
65$1,525,856$0$0$1,172,598
66$1,580,690$0$0$1,214,831
67$1,637,942$0$0$1,258,935
68$1,697,759$0$0$1,305,024
69$1,760,298$0$0$1,353,221
70$1,825,731$0$0$1,403,659
71$1,894,243$0$0$1,456,482
72$1,966,036$0$0$1,511,848
73$2,041,327$0$0$1,569,925
74$2,120,353$0$0$1,630,897
75$2,203,370$0$0$1,694,966
76$2,290,657$0$0$1,762,348
77$2,382,517$0$0$1,833,279
78$2,479,280$0$0$1,908,017
79$2,581,307$0$0$1,986,842
80$2,688,988$0$0$2,070,060
81$2,802,751$0$0$2,158,003
82$2,923,061$0$0$2,251,037
83$3,050,427$0$0$2,349,556
84$3,185,406$0$0$2,453,995
85$3,328,602$0$0$2,564,828
86$3,480,681$0$0$2,682,572
87$3,642,368$0$0$2,807,794
88$3,814,456$0$0$2,941,114
89$3,997,815$0$0$3,083,211
90$4,193,397$0$0$3,234,828
91$4,402,244$0$0$3,396,780
92$4,625,499$0$0$3,569,959
93$4,864,413$0$0$3,755,343
94$5,120,361$0$0$3,954,006
95$5,394,849$0$0$4,167,124
96$5,689,530$0$0$4,395,989
97$6,006,216$0$0$4,642,019
98$6,346,899$0$0$4,906,770
99$6,713,766$0$0$5,191,950
100$7,109,217$0$0$5,499,436