Can I retire at age 40 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$50,125$49,679$49,243$48,818$48,403$46,929
2 years$24,815$24,352$23,905$23,470$23,049$21,576
3 years$16,379$15,915$15,468$15,038$14,623$13,198
4 years$12,162$11,699$11,257$10,834$10,429$9,063
5 years$9,632$9,172$8,736$8,321$7,928$6,625
6 years$7,946$7,490$7,060$6,655$6,273$5,033
7 years$6,742$6,290$5,867$5,471$5,102$3,925
8 years$5,840$5,392$4,975$4,590$4,233$3,119
9 years$5,139$4,694$4,285$3,909$3,564$2,512
10 years$4,578$4,138$3,736$3,370$3,037$2,045
11 years$4,119$3,684$3,289$2,933$2,612$1,678
12 years$3,737$3,306$2,919$2,572$2,263$1,386
13 years$3,414$2,988$2,608$2,271$1,974$1,151
14 years$3,138$2,716$2,343$2,016$1,730$959
15 years$2,899$2,481$2,116$1,798$1,523$802
16 years$2,689$2,276$1,918$1,610$1,346$673
17 years$2,505$2,096$1,745$1,446$1,194$566
18 years$2,341$1,937$1,593$1,304$1,061$477
19 years$2,195$1,795$1,459$1,178$946$402
20 years$2,063$1,668$1,339$1,067$845$340
21 years$1,944$1,554$1,231$968$756$287
22 years$1,836$1,451$1,135$880$678$243
23 years$1,738$1,357$1,048$802$609$206
24 years$1,648$1,271$969$731$547$175
25 years$1,565$1,193$898$668$492$148
26 years$1,489$1,121$832$611$443$126
27 years$1,418$1,055$773$559$400$107
28 years$1,353$994$719$512$361$91
29 years$1,292$938$669$470$326$77
30 years$1,236$886$623$431$294$66
31 years$1,183$837$581$396$266$56
32 years$1,133$792$542$364$241$47
33 years$1,087$750$506$334$218$40
34 years$1,044$711$473$308$197$34
35 years$1,003$675$442$283$179$29
36 years$964$640$413$261$162$25
37 years$928$608$387$240$147$21
38 years$893$578$362$222$133$18
39 years$861$549$339$204$121$15
40 years$830$523$318$188$109$13
41 years$801$498$298$174$99$11
42 years$773$474$280$160$90$9
43 years$746$452$263$148$82$8
44 years$721$430$247$137$74$7
45 years$697$410$231$126$67$6
46 years$674$392$217$117$61$5
47 years$653$374$204$108$56$4
48 years$632$357$192$100$50$4
49 years$612$341$180$92$46$3
50 years$593$325$170$85$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $607,000, adding $2,781 every year, while hoping to spend $53,218 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: 66/23/11 Blend
39$607,000$607,000$607,000$607,000
40$671,783$639,612$630,203$714,329
41$683,681$614,329$594,691$717,740
42$695,009$586,024$556,206$714,922
43$705,653$554,492$514,592$710,476
44$715,485$519,517$469,686$704,240
45$724,362$480,871$421,318$696,034
46$732,125$438,313$369,311$685,666
47$738,598$391,586$313,479$672,924
48$743,582$340,420$253,627$657,577
49$746,858$284,532$189,555$639,374
50$748,183$223,619$121,050$618,041
51$747,285$157,364$47,892$593,280
52$743,863$85,430$0$564,763
53$737,583$7,462$0$535,679
54$728,075$0$0$508,325
55$714,927$0$0$496,146
56$697,686$0$0$482,855
57$675,845$0$0$466,195
58$648,847$0$0$445,760
59$616,073$0$0$421,099
60$576,839$0$0$391,713
61$530,388$0$0$357,051
62$475,882$0$0$316,504
63$412,396$0$0$269,396
64$338,905$0$0$214,983
65$254,278$0$0$152,439
66$157,265$0$0$80,856
67$46,483$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0