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%17.5%
1 years$49,713$49,270$48,838$48,416$48,004$46,542
2 years$24,610$24,152$23,708$23,277$22,859$21,399
3 years$16,244$15,784$15,340$14,914$14,503$13,090
4 years$12,061$11,603$11,164$10,745$10,344$8,989
5 years$9,553$9,097$8,664$8,253$7,863$6,570
6 years$7,881$7,428$7,002$6,600$6,222$4,992
7 years$6,687$6,238$5,818$5,426$5,060$3,893
8 years$5,792$5,347$4,934$4,552$4,198$3,093
9 years$5,096$4,656$4,250$3,877$3,535$2,491
10 years$4,540$4,104$3,705$3,342$3,012$2,028
11 years$4,085$3,653$3,262$2,909$2,590$1,664
12 years$3,707$3,279$2,895$2,551$2,245$1,375
13 years$3,386$2,963$2,586$2,252$1,958$1,141
14 years$3,112$2,694$2,324$1,999$1,716$951
15 years$2,875$2,461$2,098$1,783$1,511$796
16 years$2,667$2,258$1,902$1,597$1,335$668
17 years$2,484$2,079$1,731$1,435$1,184$561
18 years$2,322$1,921$1,580$1,293$1,053$473
19 years$2,177$1,781$1,447$1,168$938$399
20 years$2,046$1,655$1,328$1,058$838$337
21 years$1,928$1,541$1,221$960$750$285
22 years$1,821$1,439$1,125$873$672$241
23 years$1,723$1,346$1,039$795$604$205
24 years$1,634$1,261$961$725$542$173
25 years$1,552$1,183$890$662$488$147
26 years$1,476$1,112$826$606$440$125
27 years$1,407$1,046$767$554$396$106
28 years$1,342$986$713$508$358$90
29 years$1,282$930$663$466$323$77
30 years$1,225$878$618$427$292$65
31 years$1,173$830$576$393$264$55
32 years$1,124$786$537$361$239$47
33 years$1,078$744$502$332$216$40
34 years$1,035$705$469$305$196$34
35 years$994$669$438$281$177$29
36 years$956$635$410$259$160$25
37 years$920$603$384$238$145$21
38 years$886$573$359$220$132$18
39 years$854$545$337$203$120$15
40 years$823$518$316$187$108$13
41 years$794$494$296$172$98$11
42 years$766$470$278$159$89$9
43 years$740$448$260$147$81$8
44 years$715$427$244$136$74$7
45 years$691$407$230$125$67$6
46 years$669$388$216$116$61$5
47 years$647$371$203$107$55$4
48 years$626$354$190$99$50$4
49 years$607$338$179$91$45$3
50 years$588$323$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 $602,000, adding $6,455 every year, while hoping to spend $29,147 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: 86/6/8 Blend
39$602,000$602,000$602,000$602,000
40$670,062$638,156$628,825$726,567
41$707,397$638,414$618,879$764,659
42$747,562$637,707$607,622$801,841
43$790,816$635,958$594,981$841,773
44$837,444$633,084$580,877$884,712
45$887,755$628,997$565,228$930,942
46$942,091$623,603$547,949$980,773
47$1,000,830$616,805$528,950$1,034,548
48$1,064,383$608,497$508,138$1,092,645
49$1,133,205$598,568$485,415$1,155,479
50$1,207,794$586,900$460,680$1,223,506
51$1,288,700$573,370$433,824$1,297,231
52$1,376,527$557,844$404,736$1,377,208
53$1,471,938$540,183$373,300$1,464,048
54$1,575,663$520,240$339,393$1,558,425
55$1,688,507$497,858$302,888$1,661,078
56$1,811,352$472,871$263,653$1,772,825
57$1,945,172$445,103$221,548$1,894,566
58$2,091,038$414,371$176,427$2,027,290
59$2,250,126$380,478$128,140$2,172,090
60$2,423,734$343,217$76,528$2,330,169
61$2,613,290$302,369$21,426$2,502,852
62$2,820,363$257,703$0$2,691,599
63$3,046,685$208,974$0$2,901,211
64$3,294,158$155,926$0$3,132,428
65$3,564,880$98,284$0$3,385,390
66$3,861,159$35,761$0$3,662,266
67$4,185,538$0$0$3,965,448
68$4,540,815$0$0$4,299,676
69$4,930,074$0$0$4,668,466
70$5,356,709$0$0$5,072,675
71$5,824,459$0$0$5,515,846
72$6,337,443$0$0$6,001,881
73$6,900,197$0$0$6,535,080
74$7,517,716$0$0$7,120,178
75$8,195,503$0$0$7,762,388
76$8,939,620$0$0$8,467,456
77$9,756,745$0$0$9,241,711
78$10,654,233$0$0$10,092,122
79$11,640,188$0$0$11,026,370
80$12,723,535$0$0$12,052,914
81$13,914,109$0$0$13,181,074
82$15,222,744$0$0$14,421,117
83$16,661,376$0$0$15,784,355
84$18,243,155$0$0$17,283,250
85$19,982,568$0$0$18,931,533
86$21,895,577$0$0$20,744,330
87$23,999,770$0$0$22,738,309
88$26,314,521$0$0$24,931,833
89$28,861,180$0$0$27,345,133
90$31,663,270$0$0$30,000,504
91$34,746,708$0$0$32,922,506
92$38,140,051$0$0$36,138,204
93$41,874,764$0$0$39,677,418
94$45,985,517$0$0$43,573,004
95$50,510,511$0$0$47,861,168
96$55,491,842$0$0$52,581,802
97$60,975,889$0$0$57,778,862
98$67,013,762$0$0$63,500,785
99$73,661,775$0$0$69,800,941
100$80,981,983$0$0$76,738,139