Can I retire at age 40 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$49,795$49,352$48,919$48,497$48,084$47,444
2 years$24,651$24,192$23,747$23,316$22,897$22,253
3 years$16,271$15,810$15,366$14,939$14,527$13,899
4 years$12,081$11,622$11,182$10,762$10,361$9,754
5 years$9,569$9,112$8,678$8,267$7,876$7,292
6 years$7,894$7,440$7,013$6,611$6,232$5,672
7 years$6,698$6,248$5,828$5,435$5,068$4,532
8 years$5,802$5,356$4,943$4,559$4,205$3,692
9 years$5,105$4,663$4,257$3,884$3,541$3,052
10 years$4,548$4,111$3,711$3,348$3,017$2,551
11 years$4,092$3,659$3,267$2,913$2,595$2,151
12 years$3,713$3,284$2,900$2,556$2,249$1,827
13 years$3,392$2,968$2,591$2,256$1,961$1,561
14 years$3,117$2,698$2,328$2,003$1,719$1,340
15 years$2,879$2,465$2,102$1,786$1,513$1,155
16 years$2,672$2,261$1,905$1,599$1,338$999
17 years$2,488$2,083$1,734$1,437$1,186$866
18 years$2,326$1,924$1,583$1,295$1,054$753
19 years$2,180$1,783$1,449$1,170$940$656
20 years$2,049$1,657$1,330$1,060$840$573
21 years$1,931$1,544$1,223$962$751$500
22 years$1,824$1,441$1,127$874$673$438
23 years$1,726$1,348$1,041$796$605$384
24 years$1,637$1,263$963$726$543$337
25 years$1,555$1,185$892$663$489$296
26 years$1,479$1,114$827$607$440$260
27 years$1,409$1,048$768$555$397$228
28 years$1,344$988$714$509$358$201
29 years$1,284$932$664$466$324$177
30 years$1,227$880$619$428$292$156
31 years$1,175$832$577$393$264$137
32 years$1,126$787$538$361$239$121
33 years$1,080$745$503$332$216$106
34 years$1,037$706$470$306$196$94
35 years$996$670$439$281$177$83
36 years$958$636$411$259$161$73
37 years$922$604$384$239$146$64
38 years$887$574$360$220$132$57
39 years$855$546$337$203$120$50
40 years$824$519$316$187$109$44
41 years$795$494$296$173$99$39
42 years$768$471$278$159$89$34
43 years$741$449$261$147$81$30
44 years$716$428$245$136$74$27
45 years$693$408$230$125$67$24
46 years$670$389$216$116$61$21
47 years$648$371$203$107$55$19
48 years$628$354$191$99$50$16
49 years$608$338$179$91$45$14
50 years$589$323$168$85$41$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $603,000, adding $3,576 every year, while hoping to spend $52,064 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: 57/33/10 Blend
39$603,000$603,000$603,000$603,000
40$668,195$636,236$626,889$704,468
41$680,955$612,015$592,494$705,133
42$693,272$584,864$555,202$699,752
43$705,045$554,581$514,861$692,634
44$716,162$520,959$471,311$683,622
45$726,498$483,773$424,388$672,541
46$735,913$442,790$373,917$659,205
47$744,251$397,762$319,718$643,412
48$751,337$348,425$261,601$624,941
49$756,978$294,502$199,370$603,555
50$760,958$235,701$132,817$578,995
51$763,038$171,712$61,728$550,982
52$762,950$102,208$0$519,212
53$760,398$26,844$0$484,864
54$755,055$0$0$453,199
55$746,555$0$0$437,141
56$734,494$0$0$428,563
57$718,424$0$0$417,436
58$697,849$0$0$403,447
59$672,220$0$0$386,248
60$640,926$0$0$365,457
61$603,295$0$0$340,650
62$558,581$0$0$311,357
63$505,959$0$0$277,058
64$444,517$0$0$237,181
65$373,248$0$0$191,089
66$291,035$0$0$138,082
67$196,648$0$0$77,385
68$88,725$0$0$8,141
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0