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%11.9%
1 years$49,878$49,433$49,000$48,577$48,164$47,780
2 years$24,692$24,232$23,786$23,354$22,935$22,548
3 years$16,298$15,836$15,391$14,963$14,551$14,173
4 years$12,102$11,641$11,201$10,780$10,378$10,012
5 years$9,584$9,127$8,692$8,280$7,889$7,536
6 years$7,907$7,453$7,025$6,622$6,242$5,903
7 years$6,709$6,259$5,838$5,444$5,077$4,750
8 years$5,811$5,365$4,951$4,567$4,212$3,899
9 years$5,113$4,671$4,264$3,890$3,547$3,247
10 years$4,555$4,117$3,718$3,353$3,022$2,736
11 years$4,099$3,665$3,273$2,918$2,599$2,326
12 years$3,719$3,290$2,905$2,560$2,252$1,992
13 years$3,398$2,973$2,595$2,260$1,964$1,716
14 years$3,122$2,702$2,332$2,006$1,722$1,486
15 years$2,884$2,469$2,105$1,789$1,516$1,292
16 years$2,676$2,265$1,909$1,602$1,340$1,127
17 years$2,492$2,086$1,737$1,439$1,188$987
18 years$2,329$1,928$1,585$1,297$1,056$866
19 years$2,184$1,786$1,451$1,172$941$761
20 years$2,053$1,660$1,332$1,062$841$671
21 years$1,934$1,546$1,225$963$753$592
22 years$1,827$1,443$1,129$876$675$523
23 years$1,729$1,350$1,043$798$606$463
24 years$1,640$1,265$964$728$544$410
25 years$1,557$1,187$893$664$490$364
26 years$1,481$1,116$828$608$441$323
27 years$1,411$1,050$769$556$398$287
28 years$1,346$989$715$510$359$255
29 years$1,286$933$665$467$324$227
30 years$1,229$881$620$429$293$202
31 years$1,177$833$578$394$265$180
32 years$1,128$788$539$362$239$160
33 years$1,082$747$503$333$217$143
34 years$1,038$708$470$306$196$127
35 years$998$671$440$282$178$113
36 years$959$637$411$260$161$101
37 years$923$605$385$239$146$90
38 years$889$575$361$220$132$80
39 years$856$547$338$203$120$72
40 years$826$520$317$188$109$64
41 years$797$495$297$173$99$57
42 years$769$472$278$160$90$51
43 years$743$449$261$147$81$46
44 years$718$428$245$136$74$41
45 years$694$408$230$126$67$36
46 years$671$390$216$116$61$32
47 years$649$372$203$107$55$29
48 years$629$355$191$99$50$26
49 years$609$339$180$92$46$23
50 years$590$324$169$85$41$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $604,000, adding $5,705 every year, while hoping to spend $22,151 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: 60/32/8 Blend
39$604,000$604,000$604,000$604,000
40$671,493$639,481$630,119$710,282
41$716,416$647,247$627,659$744,732
42$765,180$654,651$624,375$779,248
43$818,152$661,652$620,215$816,340
44$875,737$668,207$615,125$856,257
45$938,380$674,267$609,051$899,274
46$1,006,573$679,784$601,932$945,694
47$1,080,855$684,705$593,708$995,849
48$1,161,819$688,973$584,314$1,050,110
49$1,250,119$692,527$573,683$1,108,881
50$1,346,474$695,304$561,744$1,172,612
51$1,451,676$697,235$548,425$1,241,797
52$1,566,597$698,249$533,646$1,316,981
53$1,692,194$698,268$517,328$1,398,767
54$1,829,526$697,211$499,387$1,487,818
55$1,979,755$694,991$479,733$1,584,867
56$2,144,160$691,516$458,274$1,690,723
57$2,324,153$686,689$434,915$1,806,277
58$2,521,286$680,406$409,554$1,932,512
59$2,737,268$672,557$382,085$2,070,514
60$2,973,983$663,027$352,399$2,221,479
61$3,233,505$651,690$320,380$2,386,729
62$3,518,118$638,418$285,908$2,567,719
63$3,830,337$623,072$248,857$2,766,057
64$4,172,934$605,505$209,096$2,983,514
65$4,548,960$585,562$166,488$3,222,046
66$4,961,779$563,079$120,890$3,483,809
67$5,415,093$537,882$72,152$3,771,181
68$5,912,982$509,788$20,119$4,086,785
69$6,459,940$478,602$0$4,433,513
70$7,060,919$444,119$0$4,817,581
71$7,721,373$406,121$0$5,241,512
72$8,447,311$364,378$0$5,707,484
73$9,245,353$318,649$0$6,219,793
74$10,122,792$268,676$0$6,783,175
75$11,087,664$214,188$0$7,402,851
76$12,148,822$154,900$0$8,084,580
77$13,316,020$90,508$0$8,834,709
78$14,600,005$20,693$0$9,660,238
79$16,012,617$0$0$10,568,881
80$17,566,903$0$0$11,588,471
81$19,277,237$0$0$12,718,501
82$21,159,459$0$0$13,962,156
83$23,231,020$0$0$15,330,975
84$25,511,149$0$0$16,837,671
85$28,021,033$0$0$18,496,252
86$30,784,020$0$0$20,322,155
87$33,825,835$0$0$22,332,387
88$37,174,822$0$0$24,545,690
89$40,862,217$0$0$26,982,714
90$44,922,436$0$0$29,666,217
91$49,393,404$0$0$32,621,271
92$54,316,911$0$0$35,875,508
93$59,739,004$0$0$39,459,373
94$65,710,427$0$0$43,406,416
95$72,287,094$0$0$47,753,607
96$79,530,618$0$0$52,541,682
97$87,508,894$0$0$57,815,533
98$96,296,738$0$0$63,624,627
99$105,976,593$0$0$70,023,474
100$116,639,307$0$0$77,072,141