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%16%
1 years$49,713$49,270$48,838$48,416$48,004$46,825
2 years$24,610$24,152$23,708$23,277$22,859$21,678
3 years$16,244$15,784$15,340$14,914$14,503$13,357
4 years$12,061$11,603$11,164$10,745$10,344$9,242
5 years$9,553$9,097$8,664$8,253$7,863$6,809
6 years$7,881$7,428$7,002$6,600$6,222$5,216
7 years$6,687$6,238$5,818$5,426$5,060$4,102
8 years$5,792$5,347$4,934$4,552$4,198$3,288
9 years$5,096$4,656$4,250$3,877$3,535$2,673
10 years$4,540$4,104$3,705$3,342$3,012$2,196
11 years$4,085$3,653$3,262$2,909$2,590$1,820
12 years$3,707$3,279$2,895$2,551$2,245$1,518
13 years$3,386$2,963$2,586$2,252$1,958$1,273
14 years$3,112$2,694$2,324$1,999$1,716$1,072
15 years$2,875$2,461$2,098$1,783$1,511$906
16 years$2,667$2,258$1,902$1,597$1,335$769
17 years$2,484$2,079$1,731$1,435$1,184$653
18 years$2,322$1,921$1,580$1,293$1,053$557
19 years$2,177$1,781$1,447$1,168$938$475
20 years$2,046$1,655$1,328$1,058$838$406
21 years$1,928$1,541$1,221$960$750$347
22 years$1,821$1,439$1,125$873$672$297
23 years$1,723$1,346$1,039$795$604$255
24 years$1,634$1,261$961$725$542$219
25 years$1,552$1,183$890$662$488$188
26 years$1,476$1,112$826$606$440$161
27 years$1,407$1,046$767$554$396$139
28 years$1,342$986$713$508$358$119
29 years$1,282$930$663$466$323$103
30 years$1,225$878$618$427$292$88
31 years$1,173$830$576$393$264$76
32 years$1,124$786$537$361$239$65
33 years$1,078$744$502$332$216$56
34 years$1,035$705$469$305$196$49
35 years$994$669$438$281$177$42
36 years$956$635$410$259$160$36
37 years$920$603$384$238$145$31
38 years$886$573$359$220$132$27
39 years$854$545$337$203$120$23
40 years$823$518$316$187$108$20
41 years$794$494$296$172$98$17
42 years$766$470$278$159$89$15
43 years$740$448$260$147$81$13
44 years$715$427$244$136$74$11
45 years$691$407$230$125$67$9
46 years$669$388$216$116$61$8
47 years$647$371$203$107$55$7
48 years$626$354$190$99$50$6
49 years$607$338$179$91$45$5
50 years$588$323$168$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $602,000, adding $3,188 every year, while hoping to spend $20,616 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: 49/26/25 Blend
39$602,000$602,000$602,000$602,000
40$666,692$634,786$625,455$694,500
41$712,760$643,956$624,473$723,416
42$762,835$652,883$622,767$752,499
43$817,305$661,536$620,290$783,683
44$876,596$669,877$616,996$817,175
45$941,177$677,868$612,833$853,204
46$1,011,562$685,469$607,748$892,026
47$1,088,320$692,636$601,686$933,919
48$1,172,075$699,321$594,589$979,194
49$1,263,514$705,475$586,395$1,028,192
50$1,363,394$711,046$577,041$1,081,291
51$1,472,549$715,976$566,461$1,138,908
52$1,591,896$720,205$554,584$1,201,505
53$1,722,444$723,670$541,337$1,269,589
54$1,865,305$726,302$526,644$1,343,725
55$2,021,704$728,028$510,425$1,424,531
56$2,192,990$728,773$492,595$1,512,694
57$2,380,646$728,454$473,068$1,608,970
58$2,586,308$726,985$451,752$1,714,196
59$2,811,777$724,272$428,552$1,829,294
60$3,059,036$720,220$403,366$1,955,282
61$3,330,270$714,723$376,091$2,093,285
62$3,627,885$707,672$346,618$2,244,545
63$3,954,532$698,950$314,832$2,410,430
64$4,313,130$688,434$280,614$2,592,454
65$4,706,894$675,993$243,840$2,792,284
66$5,139,368$661,487$204,380$3,011,763
67$5,614,454$644,771$162,097$3,252,922
68$6,136,451$625,687$116,850$3,518,005
69$6,710,096$604,072$68,491$3,809,485
70$7,340,605$579,752$16,865$4,130,093
71$8,033,729$552,541$0$4,482,840
72$8,795,798$522,245$0$4,881,248
73$9,633,792$488,657$0$5,324,249
74$10,555,397$451,560$0$5,811,430
75$11,569,083$410,722$0$6,347,302
76$12,684,181$365,899$0$6,936,836
77$13,910,974$316,834$0$7,585,514
78$15,260,789$263,255$0$8,299,379
79$16,746,109$204,873$0$9,085,091
80$18,380,685$141,386$0$9,949,994
81$20,179,673$72,471$0$10,902,182
82$22,159,768$0$0$11,950,578
83$24,339,369$0$0$13,105,651
84$26,738,747$0$0$14,400,097
85$29,380,239$0$0$15,825,244
86$32,288,459$0$0$17,394,381
87$35,490,528$0$0$19,122,151
88$39,016,330$0$0$21,024,690
89$42,898,796$0$0$23,119,778
90$47,174,211$0$0$25,427,008
91$51,882,561$0$0$27,967,970
92$57,067,905$0$0$30,766,453
93$62,778,793$0$0$33,848,673
94$69,068,725$0$0$37,243,516
95$75,996,656$0$0$40,982,815
96$83,627,547$0$0$45,101,647
97$92,032,985$0$0$49,638,666
98$101,291,853$0$0$54,636,464
99$111,491,079$0$0$60,141,980
100$122,726,451$0$0$66,206,935