Can I retire at age 40 with 603,000?

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 $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%17.9%
1 years$49,795$49,352$48,919$48,497$48,084$46,545
2 years$24,651$24,192$23,747$23,316$22,897$21,361
3 years$16,271$15,810$15,366$14,939$14,527$13,041
4 years$12,081$11,622$11,182$10,762$10,361$8,937
5 years$9,569$9,112$8,678$8,267$7,876$6,519
6 years$7,894$7,440$7,013$6,611$6,232$4,942
7 years$6,698$6,248$5,828$5,435$5,068$3,845
8 years$5,802$5,356$4,943$4,559$4,205$3,048
9 years$5,105$4,663$4,257$3,884$3,541$2,449
10 years$4,548$4,111$3,711$3,348$3,017$1,989
11 years$4,092$3,659$3,267$2,913$2,595$1,628
12 years$3,713$3,284$2,900$2,556$2,249$1,341
13 years$3,392$2,968$2,591$2,256$1,961$1,110
14 years$3,117$2,698$2,328$2,003$1,719$923
15 years$2,879$2,465$2,102$1,786$1,513$770
16 years$2,672$2,261$1,905$1,599$1,338$644
17 years$2,488$2,083$1,734$1,437$1,186$540
18 years$2,326$1,924$1,583$1,295$1,054$453
19 years$2,180$1,783$1,449$1,170$940$381
20 years$2,049$1,657$1,330$1,060$840$321
21 years$1,931$1,544$1,223$962$751$271
22 years$1,824$1,441$1,127$874$673$229
23 years$1,726$1,348$1,041$796$605$193
24 years$1,637$1,263$963$726$543$163
25 years$1,555$1,185$892$663$489$138
26 years$1,479$1,114$827$607$440$117
27 years$1,409$1,048$768$555$397$99
28 years$1,344$988$714$509$358$84
29 years$1,284$932$664$466$324$71
30 years$1,227$880$619$428$292$60
31 years$1,175$832$577$393$264$51
32 years$1,126$787$538$361$239$43
33 years$1,080$745$503$332$216$37
34 years$1,037$706$470$306$196$31
35 years$996$670$439$281$177$26
36 years$958$636$411$259$161$22
37 years$922$604$384$239$146$19
38 years$887$574$360$220$132$16
39 years$855$546$337$203$120$14
40 years$824$519$316$187$109$12
41 years$795$494$296$173$99$10
42 years$768$471$278$159$89$8
43 years$741$449$261$147$81$7
44 years$716$428$245$136$74$6
45 years$693$408$230$125$67$5
46 years$670$389$216$116$61$4
47 years$648$371$203$107$55$4
48 years$628$354$191$99$50$3
49 years$608$338$179$91$45$3
50 years$589$323$168$85$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $603,000, adding $2,910 every year, while hoping to spend $23,884 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: 52/38/10 Blend
39$603,000$603,000$603,000$603,000
40$667,508$635,549$626,202$700,344
41$710,181$641,278$621,768$728,754
42$756,407$646,488$616,384$756,824
43$806,522$651,127$609,994$786,792
44$860,896$655,142$602,539$818,845
45$919,939$658,475$593,955$853,186
46$984,098$661,066$584,177$890,042
47$1,053,866$662,848$573,137$929,662
48$1,129,786$663,753$560,763$972,321
49$1,212,456$663,709$546,980$1,018,327
50$1,302,532$662,636$531,710$1,068,015
51$1,400,737$660,452$514,869$1,121,759
52$1,507,868$657,070$496,373$1,179,971
53$1,624,800$652,396$476,131$1,243,108
54$1,752,498$646,332$454,050$1,311,671
55$1,892,023$638,773$430,031$1,386,219
56$2,044,544$629,607$403,972$1,467,365
57$2,211,348$618,718$375,765$1,555,790
58$2,393,850$605,980$345,298$1,652,244
59$2,593,612$591,262$312,454$1,757,556
60$2,812,350$574,424$277,111$1,872,642
61$3,051,957$555,317$239,141$1,998,514
62$3,314,515$533,786$198,411$2,136,289
63$3,602,319$509,665$154,781$2,287,203
64$3,917,894$482,778$108,105$2,452,618
65$4,264,025$452,940$58,233$2,634,039
66$4,643,777$419,954$5,004$2,833,128
67$5,060,524$383,615$0$3,051,721
68$5,517,988$343,702$0$3,297,370
69$6,020,263$299,983$0$3,567,714
70$6,571,862$252,215$0$3,864,707
71$7,177,757$200,138$0$4,191,095
72$7,843,423$143,480$0$4,549,906
73$8,574,894$81,952$0$4,944,482
74$9,378,815$15,250$0$5,378,511
75$10,262,509$0$0$5,856,060
76$11,234,041$0$0$6,405,429
77$12,302,300$0$0$7,016,572
78$13,477,076$0$0$7,688,722
79$14,769,157$0$0$8,428,059
80$16,190,430$0$0$9,241,395
81$17,753,989$0$0$10,136,231
82$19,474,263$0$0$11,120,835
83$21,367,150$0$0$12,204,316
84$23,450,167$0$0$13,396,711
85$25,742,614$0$0$14,709,078
86$28,265,758$0$0$16,153,602
87$31,043,030$0$0$17,743,710
88$34,100,250$0$0$19,494,196
89$37,465,868$0$0$21,421,362
90$41,171,231$0$0$23,543,169
91$45,250,883$0$0$25,879,410
92$49,742,885$0$0$28,451,896
93$54,689,178$0$0$31,284,657
94$60,135,978$0$0$34,404,177
95$66,134,208$0$0$37,839,634
96$72,739,986$0$0$41,623,185
97$80,015,146$0$0$45,790,261
98$88,027,826$0$0$50,379,906
99$96,853,111$0$0$55,435,145
100$106,573,737$0$0$61,003,388