Can I retire at age 40 with 602,000?

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 $602,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$49,713$49,270$48,838$48,416$48,004$46,209
2 years$24,610$24,152$23,708$23,277$22,859$21,071
3 years$16,244$15,784$15,340$14,914$14,503$12,778
4 years$12,061$11,603$11,164$10,745$10,344$8,695
5 years$9,553$9,097$8,664$8,253$7,863$6,296
6 years$7,881$7,428$7,002$6,600$6,222$4,736
7 years$6,687$6,238$5,818$5,426$5,060$3,656
8 years$5,792$5,347$4,934$4,552$4,198$2,874
9 years$5,096$4,656$4,250$3,877$3,535$2,290
10 years$4,540$4,104$3,705$3,342$3,012$1,843
11 years$4,085$3,653$3,262$2,909$2,590$1,495
12 years$3,707$3,279$2,895$2,551$2,245$1,220
13 years$3,386$2,963$2,586$2,252$1,958$1,000
14 years$3,112$2,694$2,324$1,999$1,716$824
15 years$2,875$2,461$2,098$1,783$1,511$680
16 years$2,667$2,258$1,902$1,597$1,335$563
17 years$2,484$2,079$1,731$1,435$1,184$467
18 years$2,322$1,921$1,580$1,293$1,053$388
19 years$2,177$1,781$1,447$1,168$938$323
20 years$2,046$1,655$1,328$1,058$838$269
21 years$1,928$1,541$1,221$960$750$225
22 years$1,821$1,439$1,125$873$672$188
23 years$1,723$1,346$1,039$795$604$157
24 years$1,634$1,261$961$725$542$131
25 years$1,552$1,183$890$662$488$110
26 years$1,476$1,112$826$606$440$92
27 years$1,407$1,046$767$554$396$77
28 years$1,342$986$713$508$358$64
29 years$1,282$930$663$466$323$54
30 years$1,225$878$618$427$292$45
31 years$1,173$830$576$393$264$38
32 years$1,124$786$537$361$239$32
33 years$1,078$744$502$332$216$26
34 years$1,035$705$469$305$196$22
35 years$994$669$438$281$177$19
36 years$956$635$410$259$160$16
37 years$920$603$384$238$145$13
38 years$886$573$359$220$132$11
39 years$854$545$337$203$120$9
40 years$823$518$316$187$108$8
41 years$794$494$296$172$98$6
42 years$766$470$278$159$89$5
43 years$740$448$260$147$81$5
44 years$715$427$244$136$74$4
45 years$691$407$230$125$67$3
46 years$669$388$216$116$61$3
47 years$647$371$203$107$55$2
48 years$626$354$190$99$50$2
49 years$607$338$179$91$45$2
50 years$588$323$168$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $602,000, adding $3,622 every year, while hoping to spend $43,919 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: 38/44/18 Blend
39$602,000$602,000$602,000$602,000
40$667,140$635,234$625,903$688,759
41$688,459$619,631$600,141$689,041
42$710,480$601,792$572,045$684,899
43$733,229$581,560$541,488$679,504
44$756,733$558,770$508,342$672,765
45$781,018$533,248$472,470$664,589
46$806,114$504,810$433,730$654,876
47$832,051$473,258$391,973$643,520
48$858,860$438,388$347,045$630,412
49$886,575$399,981$298,782$615,433
50$915,231$357,804$247,016$598,462
51$944,863$311,616$191,570$579,366
52$975,511$261,157$132,259$558,010
53$1,007,215$206,155$68,891$534,248
54$1,040,016$146,322$1,265$507,929
55$1,073,960$81,354$0$478,891
56$1,109,095$10,931$0$460,584
57$1,145,469$0$0$440,357
58$1,183,135$0$0$449,432
59$1,222,150$0$0$464,320
60$1,262,571$0$0$479,752
61$1,304,463$0$0$495,752
62$1,347,890$0$0$512,347
63$1,392,923$0$0$529,564
64$1,439,637$0$0$547,433
65$1,488,112$0$0$565,987
66$1,538,434$0$0$585,258
67$1,590,691$0$0$605,284
68$1,644,983$0$0$626,103
69$1,701,411$0$0$647,756
70$1,760,087$0$0$670,288
71$1,821,129$0$0$693,747
72$1,884,666$0$0$718,184
73$1,950,834$0$0$743,655
74$2,019,779$0$0$770,218
75$2,091,661$0$0$797,939
76$2,166,649$0$0$826,885
77$2,244,928$0$0$857,132
78$2,326,695$0$0$888,760
79$2,412,166$0$0$921,856
80$2,501,571$0$0$956,515
81$2,595,161$0$0$992,839
82$2,693,208$0$0$1,030,939
83$2,796,007$0$0$1,070,935
84$2,903,875$0$0$1,112,959
85$3,017,161$0$0$1,157,152
86$3,136,240$0$0$1,203,668
87$3,261,521$0$0$1,252,677
88$3,393,451$0$0$1,304,361
89$3,532,515$0$0$1,358,919
90$3,679,240$0$0$1,416,571
91$3,834,204$0$0$1,477,553
92$3,998,033$0$0$1,542,124
93$4,171,414$0$0$1,610,568
94$4,355,096$0$0$1,683,195
95$4,549,897$0$0$1,760,343
96$4,756,711$0$0$1,842,381
97$4,976,516$0$0$1,929,716
98$5,210,381$0$0$2,022,791
99$5,459,478$0$0$2,122,091
100$5,725,088$0$0$2,228,148