Can I retire at age 40 with 606,000?

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 $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%14.4%
1 years$50,043$49,597$49,162$48,738$48,323$47,445
2 years$24,774$24,312$23,865$23,432$23,011$22,129
3 years$16,352$15,888$15,442$15,013$14,599$13,741
4 years$12,142$11,680$11,238$10,816$10,412$9,585
5 years$9,616$9,157$8,721$8,308$7,915$7,121
6 years$7,933$7,477$7,048$6,644$6,263$5,503
7 years$6,731$6,279$5,857$5,462$5,094$4,367
8 years$5,830$5,383$4,967$4,582$4,226$3,533
9 years$5,130$4,687$4,278$3,903$3,559$2,900
10 years$4,570$4,131$3,730$3,364$3,032$2,406
11 years$4,112$3,678$3,284$2,928$2,608$2,014
12 years$3,731$3,301$2,914$2,568$2,260$1,698
13 years$3,409$2,983$2,604$2,267$1,971$1,439
14 years$3,133$2,711$2,339$2,013$1,727$1,225
15 years$2,894$2,477$2,112$1,795$1,521$1,047
16 years$2,685$2,273$1,915$1,607$1,344$898
17 years$2,501$2,093$1,743$1,444$1,192$772
18 years$2,337$1,934$1,591$1,301$1,060$666
19 years$2,191$1,792$1,456$1,176$945$575
20 years$2,060$1,666$1,336$1,065$844$497
21 years$1,941$1,551$1,229$967$755$431
22 years$1,833$1,448$1,133$879$677$374
23 years$1,735$1,354$1,046$800$608$324
24 years$1,645$1,269$967$730$546$282
25 years$1,562$1,191$896$667$491$245
26 years$1,486$1,119$831$610$443$213
27 years$1,416$1,053$772$558$399$186
28 years$1,351$993$717$511$360$162
29 years$1,290$936$668$469$325$141
30 years$1,234$884$622$430$294$123
31 years$1,181$836$580$395$266$107
32 years$1,132$791$541$363$240$94
33 years$1,085$749$505$334$217$82
34 years$1,042$710$472$307$197$71
35 years$1,001$673$441$283$178$62
36 years$962$639$413$260$162$54
37 years$926$607$386$240$146$47
38 years$892$577$362$221$133$41
39 years$859$549$339$204$120$36
40 years$828$522$318$188$109$32
41 years$799$497$298$174$99$28
42 years$772$473$279$160$90$24
43 years$745$451$262$148$82$21
44 years$720$430$246$137$74$18
45 years$696$410$231$126$67$16
46 years$673$391$217$116$61$14
47 years$651$373$204$108$55$12
48 years$631$356$192$99$50$11
49 years$611$340$180$92$46$9
50 years$592$325$169$85$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $606,000, adding $6,232 every year, while hoping to spend $36,399 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: 46/47/7 Blend
39$606,000$606,000$606,000$606,000
40$674,240$642,122$632,729$703,682
41$704,285$634,858$615,197$717,326
42$736,173$626,018$595,858$727,822
43$770,057$615,486$574,613$738,360
44$806,098$603,140$551,358$748,954
45$844,476$588,851$525,985$759,625
46$885,388$572,480$498,381$770,396
47$929,049$553,882$468,428$781,295
48$975,693$532,904$436,002$792,357
49$1,025,580$509,382$400,973$803,624
50$1,078,991$483,144$363,208$815,144
51$1,136,238$454,008$322,565$826,975
52$1,197,660$421,780$278,897$839,183
53$1,263,631$386,257$232,050$851,846
54$1,334,562$347,224$181,864$865,055
55$1,410,901$304,452$128,171$878,913
56$1,493,144$257,702$70,795$893,539
57$1,581,833$206,717$9,556$909,071
58$1,677,565$151,231$0$925,664
59$1,780,995$90,959$0$947,664
60$1,892,842$25,602$0$972,139
61$2,013,898$0$0$998,618
62$2,145,034$0$0$1,050,734
63$2,287,206$0$0$1,121,650
64$2,441,466$0$0$1,198,657
65$2,608,971$0$0$1,282,341
66$2,790,993$0$0$1,373,346
67$2,988,933$0$0$1,472,379
68$3,204,330$0$0$1,580,221
69$3,438,879$0$0$1,697,729
70$3,694,445$0$0$1,825,847
71$3,973,080$0$0$1,965,614
72$4,277,042$0$0$2,118,173
73$4,608,818$0$0$2,284,784
74$4,971,144$0$0$2,466,831
75$5,367,032$0$0$2,665,841
76$5,799,799$0$0$2,883,493
77$6,273,096$0$0$3,121,635
78$6,790,944$0$0$3,382,305
79$7,357,768$0$0$3,667,745
80$7,978,445$0$0$3,980,424
81$8,658,341$0$0$4,323,060
82$9,403,369$0$0$4,698,650
83$10,220,038$0$0$5,110,491
84$11,115,520$0$0$5,562,215
85$12,097,712$0$0$6,057,826
86$13,175,312$0$0$6,601,728
87$14,357,902$0$0$7,198,778
88$15,656,036$0$0$7,854,323
89$17,081,338$0$0$8,574,253
90$18,646,615$0$0$9,365,058
91$20,365,975$0$0$10,233,886
92$22,254,957$0$0$11,188,613
93$24,330,683$0$0$12,237,914
94$26,612,013$0$0$13,391,348
95$29,119,725$0$0$14,659,445
96$31,876,714$0$0$16,053,807
97$34,908,198$0$0$17,587,216
98$38,241,966$0$0$19,273,753
99$41,908,631$0$0$21,128,935
100$45,941,926$0$0$23,169,858