Can I retire at age 40 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$49,878$49,433$49,000$48,577$48,164$47,211
2 years$24,692$24,232$23,786$23,354$22,935$21,979
3 years$16,298$15,836$15,391$14,963$14,551$13,621
4 years$12,102$11,641$11,201$10,780$10,378$9,482
5 years$9,584$9,127$8,692$8,280$7,889$7,030
6 years$7,907$7,453$7,025$6,622$6,242$5,420
7 years$6,709$6,259$5,838$5,444$5,077$4,292
8 years$5,811$5,365$4,951$4,567$4,212$3,465
9 years$5,113$4,671$4,264$3,890$3,547$2,837
10 years$4,555$4,117$3,718$3,353$3,022$2,348
11 years$4,099$3,665$3,273$2,918$2,599$1,960
12 years$3,719$3,290$2,905$2,560$2,252$1,648
13 years$3,398$2,973$2,595$2,260$1,964$1,393
14 years$3,122$2,702$2,332$2,006$1,722$1,183
15 years$2,884$2,469$2,105$1,789$1,516$1,009
16 years$2,676$2,265$1,909$1,602$1,340$863
17 years$2,492$2,086$1,737$1,439$1,188$740
18 years$2,329$1,928$1,585$1,297$1,056$636
19 years$2,184$1,786$1,451$1,172$941$547
20 years$2,053$1,660$1,332$1,062$841$472
21 years$1,934$1,546$1,225$963$753$408
22 years$1,827$1,443$1,129$876$675$352
23 years$1,729$1,350$1,043$798$606$305
24 years$1,640$1,265$964$728$544$264
25 years$1,557$1,187$893$664$490$229
26 years$1,481$1,116$828$608$441$199
27 years$1,411$1,050$769$556$398$172
28 years$1,346$989$715$510$359$150
29 years$1,286$933$665$467$324$130
30 years$1,229$881$620$429$293$113
31 years$1,177$833$578$394$265$98
32 years$1,128$788$539$362$239$85
33 years$1,082$747$503$333$217$74
34 years$1,038$708$470$306$196$65
35 years$998$671$440$282$178$56
36 years$959$637$411$260$161$49
37 years$923$605$385$239$146$43
38 years$889$575$361$220$132$37
39 years$856$547$338$203$120$32
40 years$826$520$317$188$109$28
41 years$797$495$297$173$99$24
42 years$769$472$278$160$90$21
43 years$743$449$261$147$81$19
44 years$718$428$245$136$74$16
45 years$694$408$230$126$67$14
46 years$671$390$216$116$61$12
47 years$649$372$203$107$55$11
48 years$629$355$191$99$50$9
49 years$609$339$180$92$46$8
50 years$590$324$169$85$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $604,000, adding $5,789 every year, while hoping to spend $47,409 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: 56/23/21 Blend
39$604,000$604,000$604,000$604,000
40$671,579$639,567$630,205$705,080
41$689,638$620,463$600,874$709,504
42$707,949$598,834$568,972$708,782
43$726,489$574,506$534,362$706,965
44$745,229$547,296$496,901$703,963
45$764,138$517,008$456,442$699,674
46$783,176$483,437$412,829$693,993
47$802,300$446,366$365,899$686,806
48$821,461$405,565$315,484$677,989
49$840,602$360,790$261,405$667,410
50$859,660$311,784$203,477$654,929
51$878,560$258,277$141,509$640,392
52$897,222$199,981$75,298$623,637
53$915,552$136,594$4,635$604,488
54$933,447$67,795$0$582,755
55$950,789$0$0$574,094
56$967,447$0$0$566,277
57$983,273$0$0$575,075
58$998,105$0$0$583,228
59$1,011,757$0$0$590,623
60$1,024,024$0$0$597,130
61$1,034,679$0$0$602,608
62$1,043,466$0$0$606,900
63$1,050,101$0$0$609,828
64$1,054,270$0$0$611,196
65$1,055,621$0$0$610,789
66$1,053,765$0$0$608,363
67$1,048,269$0$0$603,650
68$1,038,654$0$0$596,354
69$1,024,388$0$0$586,145
70$1,004,880$0$0$572,656
71$979,476$0$0$555,483
72$947,452$0$0$534,178
73$908,005$0$0$508,244
74$860,249$0$0$477,131
75$803,199$0$0$440,231
76$735,770$0$0$396,873
77$656,758$0$0$346,312
78$564,834$0$0$287,725
79$458,527$0$0$220,205
80$336,214$0$0$142,746
81$196,099$0$0$54,239
82$36,199$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