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%13.9%
1 years$49,878$49,433$49,000$48,577$48,164$47,385
2 years$24,692$24,232$23,786$23,354$22,935$22,153
3 years$16,298$15,836$15,391$14,963$14,551$13,790
4 years$12,102$11,641$11,201$10,780$10,378$9,643
5 years$9,584$9,127$8,692$8,280$7,889$7,183
6 years$7,907$7,453$7,025$6,622$6,242$5,566
7 years$6,709$6,259$5,838$5,444$5,077$4,430
8 years$5,811$5,365$4,951$4,567$4,212$3,594
9 years$5,113$4,671$4,264$3,890$3,547$2,958
10 years$4,555$4,117$3,718$3,353$3,022$2,462
11 years$4,099$3,665$3,273$2,918$2,599$2,068
12 years$3,719$3,290$2,905$2,560$2,252$1,748
13 years$3,398$2,973$2,595$2,260$1,964$1,487
14 years$3,122$2,702$2,332$2,006$1,722$1,270
15 years$2,884$2,469$2,105$1,789$1,516$1,090
16 years$2,676$2,265$1,909$1,602$1,340$938
17 years$2,492$2,086$1,737$1,439$1,188$809
18 years$2,329$1,928$1,585$1,297$1,056$700
19 years$2,184$1,786$1,451$1,172$941$607
20 years$2,053$1,660$1,332$1,062$841$527
21 years$1,934$1,546$1,225$963$753$458
22 years$1,827$1,443$1,129$876$675$399
23 years$1,729$1,350$1,043$798$606$347
24 years$1,640$1,265$964$728$544$303
25 years$1,557$1,187$893$664$490$265
26 years$1,481$1,116$828$608$441$231
27 years$1,411$1,050$769$556$398$202
28 years$1,346$989$715$510$359$177
29 years$1,286$933$665$467$324$155
30 years$1,229$881$620$429$293$135
31 years$1,177$833$578$394$265$119
32 years$1,128$788$539$362$239$104
33 years$1,082$747$503$333$217$91
34 years$1,038$708$470$306$196$80
35 years$998$671$440$282$178$70
36 years$959$637$411$260$161$61
37 years$923$605$385$239$146$54
38 years$889$575$361$220$132$47
39 years$856$547$338$203$120$41
40 years$826$520$317$188$109$36
41 years$797$495$297$173$99$32
42 years$769$472$278$160$90$28
43 years$743$449$261$147$81$25
44 years$718$428$245$136$74$22
45 years$694$408$230$126$67$19
46 years$671$390$216$116$61$17
47 years$649$372$203$107$55$15
48 years$629$355$191$99$50$13
49 years$609$339$180$92$46$11
50 years$590$324$169$85$41$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $604,000, adding $4,140 every year, while hoping to spend $33,060 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: 54/28/18 Blend
39$604,000$604,000$604,000$604,000
40$669,878$637,866$628,504$702,586
41$703,030$633,946$614,384$721,488
42$738,456$628,726$598,682$738,198
43$776,352$622,107$581,311$755,659
44$816,934$613,985$562,180$773,952
45$860,440$604,249$541,191$793,168
46$907,129$592,781$518,245$813,409
47$957,286$579,457$493,237$834,787
48$1,011,225$564,146$466,055$857,431
49$1,069,289$546,708$436,587$881,483
50$1,131,855$526,996$404,712$907,102
51$1,199,338$504,852$370,303$934,464
52$1,272,194$480,113$333,232$963,769
53$1,350,922$452,603$293,359$995,238
54$1,436,073$422,138$250,544$1,029,117
55$1,528,251$388,521$204,636$1,065,680
56$1,628,121$351,547$155,479$1,105,234
57$1,736,413$310,996$102,912$1,148,119
58$1,853,931$266,639$46,763$1,194,713
59$1,981,559$218,231$0$1,245,440
60$2,120,268$165,514$0$1,303,293
61$2,271,128$108,217$0$1,376,015
62$2,435,315$46,052$0$1,455,231
63$2,614,124$0$0$1,541,623
64$2,808,980$0$0$1,642,501
65$3,021,450$0$0$1,768,022
66$3,253,259$0$0$1,905,022
67$3,506,307$0$0$2,054,632
68$3,782,684$0$0$2,218,093
69$4,084,692$0$0$2,396,775
70$4,414,863$0$0$2,592,185
71$4,775,989$0$0$2,805,980
72$5,171,140$0$0$3,039,989
73$5,603,698$0$0$3,296,223
74$6,077,388$0$0$3,576,896
75$6,596,311$0$0$3,884,448
76$7,164,984$0$0$4,221,566
77$7,788,380$0$0$4,591,208
78$8,471,979$0$0$4,996,633
79$9,221,814$0$0$5,441,432
80$10,044,531$0$0$5,929,556
81$10,947,452$0$0$6,465,363
82$11,938,639$0$0$7,053,647
83$13,026,976$0$0$7,699,694
84$14,222,247$0$0$8,409,326
85$15,535,231$0$0$9,188,954
86$16,977,802$0$0$10,045,643
87$18,563,042$0$0$10,987,176
88$20,305,361$0$0$12,022,127
89$22,220,637$0$0$13,159,942
90$24,326,362$0$0$14,411,028
91$26,641,805$0$0$15,786,851
92$29,188,200$0$0$17,300,045
93$31,988,938$0$0$18,964,526
94$35,069,794$0$0$20,795,631
95$38,459,163$0$0$22,810,255
96$42,188,333$0$0$25,027,015
97$46,291,779$0$0$27,466,423
98$50,807,483$0$0$30,151,080
99$55,777,298$0$0$33,105,890
100$61,247,340$0$0$36,358,291