Can I retire at age 40 with 601,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $601,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$49,630$49,188$48,757$48,336$47,925$46,521
2 years$24,569$24,112$23,668$23,238$22,821$21,418
3 years$16,217$15,757$15,315$14,889$14,479$13,121
4 years$12,041$11,583$11,145$10,727$10,326$9,024
5 years$9,537$9,081$8,649$8,239$7,850$6,606
6 years$7,868$7,416$6,990$6,589$6,211$5,027
7 years$6,676$6,228$5,809$5,417$5,052$3,927
8 years$5,782$5,338$4,926$4,544$4,191$3,126
9 years$5,088$4,648$4,243$3,871$3,529$2,523
10 years$4,533$4,097$3,699$3,337$3,007$2,057
11 years$4,078$3,647$3,257$2,904$2,586$1,691
12 years$3,700$3,274$2,890$2,547$2,241$1,400
13 years$3,381$2,958$2,582$2,249$1,954$1,164
14 years$3,107$2,689$2,320$1,996$1,713$973
15 years$2,870$2,456$2,095$1,780$1,508$815
16 years$2,663$2,254$1,899$1,594$1,333$686
17 years$2,480$2,076$1,728$1,432$1,182$578
18 years$2,318$1,918$1,578$1,291$1,051$488
19 years$2,173$1,778$1,444$1,166$937$412
20 years$2,043$1,652$1,325$1,056$837$349
21 years$1,925$1,539$1,219$959$749$296
22 years$1,818$1,436$1,124$872$671$251
23 years$1,721$1,343$1,037$794$602$213
24 years$1,631$1,259$959$724$542$181
25 years$1,549$1,181$889$661$487$154
26 years$1,474$1,110$824$605$439$131
27 years$1,404$1,045$765$553$396$112
28 years$1,339$984$711$507$357$95
29 years$1,279$929$662$465$322$81
30 years$1,223$877$617$427$291$69
31 years$1,171$829$575$392$263$59
32 years$1,122$784$536$360$238$50
33 years$1,076$743$501$331$216$43
34 years$1,033$704$468$305$195$36
35 years$993$668$438$281$177$31
36 years$955$634$409$258$160$26
37 years$918$602$383$238$145$23
38 years$884$572$359$219$132$19
39 years$852$544$336$202$119$16
40 years$822$518$315$187$108$14
41 years$793$493$295$172$98$12
42 years$765$469$277$159$89$10
43 years$739$447$260$147$81$9
44 years$714$426$244$135$73$7
45 years$690$406$229$125$67$6
46 years$668$388$215$116$61$5
47 years$646$370$202$107$55$5
48 years$625$353$190$99$50$4
49 years$606$337$179$91$45$3
50 years$587$322$168$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $601,000, adding $6,799 every year, while hoping to spend $41,202 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: 67/14/19 Blend
39$601,000$601,000$601,000$601,000
40$669,315$637,462$628,147$710,574
41$693,747$624,859$605,351$726,433
42$719,289$610,258$580,411$738,363
43$746,013$593,516$553,211$750,411
44$773,993$574,486$523,630$762,586
45$803,312$553,007$491,543$774,901
46$834,057$528,912$456,817$787,372
47$866,326$502,024$419,316$800,017
48$900,224$472,155$378,895$812,856
49$935,863$439,107$335,404$825,916
50$973,367$402,670$288,687$839,227
51$1,012,872$362,621$238,579$852,823
52$1,054,522$318,728$184,909$866,744
53$1,098,479$270,741$127,499$881,036
54$1,144,916$218,399$66,162$895,755
55$1,194,023$161,426$704$910,960
56$1,246,007$99,530$0$926,723
57$1,301,094$32,401$0$957,142
58$1,359,532$0$0$989,354
59$1,421,592$0$0$1,029,571
60$1,487,568$0$0$1,077,653
61$1,557,784$0$0$1,128,845
62$1,632,594$0$0$1,183,408
63$1,712,387$0$0$1,241,629
64$1,797,586$0$0$1,303,820
65$1,888,657$0$0$1,370,325
66$1,986,111$0$0$1,441,518
67$2,090,507$0$0$1,517,813
68$2,202,458$0$0$1,599,662
69$2,322,638$0$0$1,687,561
70$2,451,786$0$0$1,782,054
71$2,590,711$0$0$1,883,741
72$2,740,306$0$0$1,993,276
73$2,901,548$0$0$2,111,383
74$3,075,511$0$0$2,238,852
75$3,263,376$0$0$2,376,554
76$3,466,439$0$0$2,525,446
77$3,686,125$0$0$2,686,580
78$3,924,002$0$0$2,861,110
79$4,181,792$0$0$3,050,309
80$4,461,389$0$0$3,255,572
81$4,764,876$0$0$3,478,438
82$5,094,545$0$0$3,720,596
83$5,452,914$0$0$3,983,906
84$5,842,757$0$0$4,270,413
85$6,267,124$0$0$4,582,369
86$6,729,371$0$0$4,922,250
87$7,233,192$0$0$5,292,782
88$7,782,651$0$0$5,696,965
89$8,382,223$0$0$6,138,101
90$9,036,832$0$0$6,619,824
91$9,751,900$0$0$7,146,135
92$10,533,393$0$0$7,721,440
93$11,387,884$0$0$8,350,587
94$12,322,604$0$0$9,038,916
95$13,345,521$0$0$9,792,306
96$14,465,405$0$0$10,617,233
97$15,691,914$0$0$11,520,824
98$17,035,684$0$0$12,510,931
99$18,508,430$0$0$13,596,202
100$20,123,051$0$0$14,786,158