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%18.1%
1 years$50,043$49,597$49,162$48,738$48,323$46,739
2 years$24,774$24,312$23,865$23,432$23,011$21,430
3 years$16,352$15,888$15,442$15,013$14,599$13,071
4 years$12,142$11,680$11,238$10,816$10,412$8,949
5 years$9,616$9,157$8,721$8,308$7,915$6,520
6 years$7,933$7,477$7,048$6,644$6,263$4,938
7 years$6,731$6,279$5,857$5,462$5,094$3,838
8 years$5,830$5,383$4,967$4,582$4,226$3,038
9 years$5,130$4,687$4,278$3,903$3,559$2,438
10 years$4,570$4,131$3,730$3,364$3,032$1,977
11 years$4,112$3,678$3,284$2,928$2,608$1,616
12 years$3,731$3,301$2,914$2,568$2,260$1,330
13 years$3,409$2,983$2,604$2,267$1,971$1,099
14 years$3,133$2,711$2,339$2,013$1,727$913
15 years$2,894$2,477$2,112$1,795$1,521$760
16 years$2,685$2,273$1,915$1,607$1,344$635
17 years$2,501$2,093$1,743$1,444$1,192$532
18 years$2,337$1,934$1,591$1,301$1,060$446
19 years$2,191$1,792$1,456$1,176$945$374
20 years$2,060$1,666$1,336$1,065$844$315
21 years$1,941$1,551$1,229$967$755$265
22 years$1,833$1,448$1,133$879$677$223
23 years$1,735$1,354$1,046$800$608$188
24 years$1,645$1,269$967$730$546$159
25 years$1,562$1,191$896$667$491$134
26 years$1,486$1,119$831$610$443$113
27 years$1,416$1,053$772$558$399$96
28 years$1,351$993$717$511$360$81
29 years$1,290$936$668$469$325$68
30 years$1,234$884$622$430$294$58
31 years$1,181$836$580$395$266$49
32 years$1,132$791$541$363$240$41
33 years$1,085$749$505$334$217$35
34 years$1,042$710$472$307$197$30
35 years$1,001$673$441$283$178$25
36 years$962$639$413$260$162$21
37 years$926$607$386$240$146$18
38 years$892$577$362$221$133$15
39 years$859$549$339$204$120$13
40 years$828$522$318$188$109$11
41 years$799$497$298$174$99$9
42 years$772$473$279$160$90$8
43 years$745$451$262$148$82$7
44 years$720$430$246$137$74$6
45 years$696$410$231$126$67$5
46 years$673$391$217$116$61$4
47 years$651$373$204$108$55$3
48 years$631$356$192$99$50$3
49 years$611$340$180$92$46$2
50 years$592$325$169$85$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $606,000, adding $4,035 every year, while hoping to spend $27,808 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: 78/9/13 Blend
39$606,000$606,000$606,000$606,000
40$671,974$639,856$630,463$722,349
41$710,928$641,622$621,996$757,842
42$752,923$642,542$612,313$792,808
43$798,240$642,545$601,345$830,372
44$847,188$641,557$589,018$870,784
45$900,106$639,498$575,254$914,317
46$957,367$636,283$559,975$961,273
47$1,019,379$631,822$543,095$1,011,983
48$1,086,594$626,020$524,527$1,066,815
49$1,159,507$618,776$504,180$1,126,173
50$1,238,663$609,982$481,956$1,190,502
51$1,324,661$599,525$457,755$1,260,292
52$1,418,159$587,285$431,473$1,336,085
53$1,519,884$573,134$403,000$1,418,478
54$1,630,632$556,937$372,220$1,508,127
55$1,751,282$538,552$339,015$1,605,759
56$1,882,799$517,828$303,258$1,712,172
57$2,026,246$494,603$264,819$1,828,248
58$2,182,795$468,710$223,562$1,954,959
59$2,353,732$439,970$179,344$2,093,375
60$2,540,477$408,192$132,016$2,244,678
61$2,744,589$373,177$81,422$2,410,169
62$2,967,788$334,713$27,400$2,591,285
63$3,211,965$292,577$0$2,789,609
64$3,479,204$246,532$0$3,011,080
65$3,771,800$196,329$0$3,257,757
66$4,092,278$141,704$0$3,527,980
67$4,443,422$82,379$0$3,824,115
68$4,828,295$18,059$0$4,148,768
69$5,250,272$0$0$4,504,810
70$5,713,069$0$0$4,900,512
71$6,220,781$0$0$5,336,598
72$6,777,916$0$0$5,815,158
73$7,389,441$0$0$6,340,458
74$8,060,828$0$0$6,917,202
75$8,798,102$0$0$7,550,569
76$9,607,903$0$0$8,246,266
77$10,497,544$0$0$9,010,578
78$11,475,082$0$0$9,850,431
79$12,549,392$0$0$10,773,453
80$13,730,254$0$0$11,788,049
81$15,028,439$0$0$12,903,478
82$16,455,817$0$0$14,129,943
83$18,025,464$0$0$15,478,681
84$19,751,786$0$0$16,962,077
85$21,650,655$0$0$18,593,773
86$23,739,562$0$0$20,388,801
87$26,037,774$0$0$22,363,723
88$28,566,522$0$0$24,536,789
89$31,349,199$0$0$26,928,104
90$34,411,578$0$0$29,559,823
91$37,782,061$0$0$32,456,357
92$41,491,938$0$0$35,644,602
93$45,575,690$0$0$39,154,195
94$50,071,310$0$0$43,017,794
95$55,020,660$0$0$47,271,380
96$60,469,869$0$0$51,954,603
97$66,469,766$0$0$57,111,154
98$73,076,360$0$0$62,789,175
99$80,351,367$0$0$69,041,713
100$88,362,793$0$0$75,927,223