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%11.9%
1 years$50,043$49,597$49,162$48,738$48,323$47,938
2 years$24,774$24,312$23,865$23,432$23,011$22,623
3 years$16,352$15,888$15,442$15,013$14,599$14,220
4 years$12,142$11,680$11,238$10,816$10,412$10,045
5 years$9,616$9,157$8,721$8,308$7,915$7,561
6 years$7,933$7,477$7,048$6,644$6,263$5,922
7 years$6,731$6,279$5,857$5,462$5,094$4,766
8 years$5,830$5,383$4,967$4,582$4,226$3,912
9 years$5,130$4,687$4,278$3,903$3,559$3,258
10 years$4,570$4,131$3,730$3,364$3,032$2,745
11 years$4,112$3,678$3,284$2,928$2,608$2,334
12 years$3,731$3,301$2,914$2,568$2,260$1,999
13 years$3,409$2,983$2,604$2,267$1,971$1,722
14 years$3,133$2,711$2,339$2,013$1,727$1,491
15 years$2,894$2,477$2,112$1,795$1,521$1,296
16 years$2,685$2,273$1,915$1,607$1,344$1,131
17 years$2,501$2,093$1,743$1,444$1,192$990
18 years$2,337$1,934$1,591$1,301$1,060$869
19 years$2,191$1,792$1,456$1,176$945$764
20 years$2,060$1,666$1,336$1,065$844$673
21 years$1,941$1,551$1,229$967$755$594
22 years$1,833$1,448$1,133$879$677$525
23 years$1,735$1,354$1,046$800$608$465
24 years$1,645$1,269$967$730$546$412
25 years$1,562$1,191$896$667$491$365
26 years$1,486$1,119$831$610$443$324
27 years$1,416$1,053$772$558$399$288
28 years$1,351$993$717$511$360$256
29 years$1,290$936$668$469$325$228
30 years$1,234$884$622$430$294$203
31 years$1,181$836$580$395$266$180
32 years$1,132$791$541$363$240$161
33 years$1,085$749$505$334$217$143
34 years$1,042$710$472$307$197$128
35 years$1,001$673$441$283$178$114
36 years$962$639$413$260$162$101
37 years$926$607$386$240$146$90
38 years$892$577$362$221$133$81
39 years$859$549$339$204$120$72
40 years$828$522$318$188$109$64
41 years$799$497$298$174$99$57
42 years$772$473$279$160$90$51
43 years$745$451$262$148$82$46
44 years$720$430$246$137$74$41
45 years$696$410$231$126$67$36
46 years$673$391$217$116$61$33
47 years$651$373$204$108$55$29
48 years$631$356$192$99$50$26
49 years$611$340$180$92$46$23
50 years$592$325$169$85$42$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $606,000, adding $6,409 every year, while hoping to spend $41,604 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: 26/45/29 Blend
39$606,000$606,000$606,000$606,000
40$674,423$642,305$632,912$685,744
41$698,948$629,511$609,848$682,784
42$724,580$614,697$584,617$675,654
43$751,388$597,718$557,103$667,158
44$779,447$578,423$527,183$657,208
45$808,837$556,653$494,731$645,715
46$839,647$532,238$459,613$632,584
47$871,971$504,997$421,690$617,716
48$905,913$474,743$380,817$601,007
49$941,584$441,273$336,843$582,349
50$979,107$404,377$289,608$561,630
51$1,018,613$363,829$238,947$538,733
52$1,060,248$319,393$184,688$513,535
53$1,104,168$270,818$126,650$485,908
54$1,150,545$217,840$64,645$455,722
55$1,199,566$160,179$0$422,838
56$1,251,434$97,541$0$387,587
57$1,306,372$29,612$0$370,726
58$1,364,624$0$0$352,146
59$1,426,455$0$0$353,513
60$1,492,156$0$0$370,599
61$1,562,045$0$0$388,830
62$1,636,470$0$0$408,304
63$1,715,812$0$0$429,129
64$1,800,487$0$0$451,422
65$1,890,954$0$0$475,312
66$1,987,714$0$0$500,942
67$2,091,315$0$0$528,465
68$2,202,361$0$0$558,054
69$2,321,511$0$0$589,894
70$2,449,492$0$0$624,192
71$2,587,100$0$0$661,174
72$2,735,207$0$0$701,088
73$2,894,775$0$0$744,205
74$3,066,857$0$0$790,826
75$3,252,611$0$0$841,280
76$3,453,310$0$0$895,928
77$3,670,351$0$0$955,169
78$3,905,271$0$0$1,019,440
79$4,159,760$0$0$1,089,222
80$4,435,677$0$0$1,165,044
81$4,735,062$0$0$1,247,490
82$5,060,164$0$0$1,337,198
83$5,413,453$0$0$1,434,874
84$5,797,648$0$0$1,541,294
85$6,215,740$0$0$1,657,310
86$6,671,019$0$0$1,783,862
87$7,167,106$0$0$1,921,985
88$7,707,987$0$0$2,072,815
89$8,298,048$0$0$2,237,605
90$8,942,116$0$0$2,417,735
91$9,645,506$0$0$2,614,723
92$10,414,067$0$0$2,830,240
93$11,254,241$0$0$3,066,128
94$12,173,116$0$0$3,324,414
95$13,178,502$0$0$3,607,329
96$14,278,995$0$0$3,917,332
97$15,484,061$0$0$4,257,130
98$16,804,125$0$0$4,629,705
99$18,250,667$0$0$5,038,341
100$19,836,331$0$0$5,486,654