Can I retire at age 40 with 606,000?

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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$50,043$49,597$49,162$48,738$48,323$48,099
2 years$24,774$24,312$23,865$23,432$23,011$22,785
3 years$16,352$15,888$15,442$15,013$14,599$14,378
4 years$12,142$11,680$11,238$10,816$10,412$10,198
5 years$9,616$9,157$8,721$8,308$7,915$7,708
6 years$7,933$7,477$7,048$6,644$6,263$6,063
7 years$6,731$6,279$5,857$5,462$5,094$4,901
8 years$5,830$5,383$4,967$4,582$4,226$4,041
9 years$5,130$4,687$4,278$3,903$3,559$3,382
10 years$4,570$4,131$3,730$3,364$3,032$2,863
11 years$4,112$3,678$3,284$2,928$2,608$2,446
12 years$3,731$3,301$2,914$2,568$2,260$2,105
13 years$3,409$2,983$2,604$2,267$1,971$1,823
14 years$3,133$2,711$2,339$2,013$1,727$1,587
15 years$2,894$2,477$2,112$1,795$1,521$1,387
16 years$2,685$2,273$1,915$1,607$1,344$1,217
17 years$2,501$2,093$1,743$1,444$1,192$1,071
18 years$2,337$1,934$1,591$1,301$1,060$945
19 years$2,191$1,792$1,456$1,176$945$836
20 years$2,060$1,666$1,336$1,065$844$741
21 years$1,941$1,551$1,229$967$755$658
22 years$1,833$1,448$1,133$879$677$585
23 years$1,735$1,354$1,046$800$608$521
24 years$1,645$1,269$967$730$546$464
25 years$1,562$1,191$896$667$491$414
26 years$1,486$1,119$831$610$443$370
27 years$1,416$1,053$772$558$399$331
28 years$1,351$993$717$511$360$296
29 years$1,290$936$668$469$325$265
30 years$1,234$884$622$430$294$237
31 years$1,181$836$580$395$266$212
32 years$1,132$791$541$363$240$190
33 years$1,085$749$505$334$217$171
34 years$1,042$710$472$307$197$153
35 years$1,001$673$441$283$178$138
36 years$962$639$413$260$162$124
37 years$926$607$386$240$146$111
38 years$892$577$362$221$133$100
39 years$859$549$339$204$120$90
40 years$828$522$318$188$109$80
41 years$799$497$298$174$99$72
42 years$772$473$279$160$90$65
43 years$745$451$262$148$82$58
44 years$720$430$246$137$74$53
45 years$696$410$231$126$67$47
46 years$673$391$217$116$61$42
47 years$651$373$204$108$55$38
48 years$631$356$192$99$50$34
49 years$611$340$180$92$46$31
50 years$592$325$169$85$42$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $606,000, adding $4,878 every year, while hoping to spend $41,477 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: 26/44/30 Blend
39$606,000$606,000$606,000$606,000
40$672,844$640,726$631,333$683,969
41$697,343$627,990$608,351$680,842
42$722,950$613,240$583,210$673,657
43$749,736$596,334$555,792$665,111
44$777,774$577,120$525,976$655,118
45$807,147$555,439$493,637$643,588
46$837,943$531,121$458,640$630,429
47$870,256$503,989$420,847$615,541
48$904,190$473,853$380,114$598,822
49$939,859$440,513$336,289$580,166
50$977,384$403,758$289,214$559,461
51$1,016,899$363,364$238,725$536,591
52$1,058,549$319,095$184,649$511,436
53$1,102,492$270,702$126,805$483,869
54$1,148,901$217,920$65,007$453,761
55$1,197,962$160,472$0$420,976
56$1,249,882$98,063$0$385,675
57$1,304,884$30,382$0$369,638
58$1,363,213$0$0$351,952
59$1,425,137$0$0$353,303
60$1,490,947$0$0$370,426
61$1,560,963$0$0$388,699
62$1,635,537$0$0$408,222
63$1,715,051$0$0$429,102
64$1,799,925$0$0$451,458
65$1,890,619$0$0$475,419
66$1,987,638$0$0$501,129
67$2,091,534$0$0$528,744
68$2,202,913$0$0$558,435
69$2,322,442$0$0$590,391
70$2,450,851$0$0$624,819
71$2,588,939$0$0$661,946
72$2,737,588$0$0$702,022
73$2,897,763$0$0$745,321
74$3,070,526$0$0$792,145
75$3,257,042$0$0$842,826
76$3,458,593$0$0$897,727
77$3,676,585$0$0$957,250
78$3,912,567$0$0$1,021,834
79$4,168,240$0$0$1,091,965
80$4,445,474$0$0$1,168,175
81$4,746,326$0$0$1,251,050
82$5,073,059$0$0$1,341,236
83$5,428,161$0$0$1,439,443
84$5,814,368$0$0$1,546,450
85$6,234,694$0$0$1,663,118
86$6,692,452$0$0$1,790,393
87$7,191,289$0$0$1,929,315
88$7,735,217$0$0$2,081,031
89$8,328,654$0$0$2,246,801
90$8,976,462$0$0$2,428,016
91$9,683,992$0$0$2,626,204
92$10,457,136$0$0$2,843,049
93$11,302,380$0$0$3,080,405
94$12,226,865$0$0$3,340,313
95$13,238,455$0$0$3,625,021
96$14,345,807$0$0$3,937,006
97$15,558,455$0$0$4,278,993
98$16,886,899$0$0$4,653,986
99$18,342,700$0$0$5,065,292
100$19,938,594$0$0$5,516,555