Can I retire at age 40 with 607,000?

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 $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%16%
1 years$50,125$49,679$49,243$48,818$48,403$47,214
2 years$24,815$24,352$23,905$23,470$23,049$21,858
3 years$16,379$15,915$15,468$15,038$14,623$13,468
4 years$12,162$11,699$11,257$10,834$10,429$9,319
5 years$9,632$9,172$8,736$8,321$7,928$6,865
6 years$7,946$7,490$7,060$6,655$6,273$5,259
7 years$6,742$6,290$5,867$5,471$5,102$4,137
8 years$5,840$5,392$4,975$4,590$4,233$3,316
9 years$5,139$4,694$4,285$3,909$3,564$2,695
10 years$4,578$4,138$3,736$3,370$3,037$2,214
11 years$4,119$3,684$3,289$2,933$2,612$1,835
12 years$3,737$3,306$2,919$2,572$2,263$1,530
13 years$3,414$2,988$2,608$2,271$1,974$1,283
14 years$3,138$2,716$2,343$2,016$1,730$1,081
15 years$2,899$2,481$2,116$1,798$1,523$914
16 years$2,689$2,276$1,918$1,610$1,346$775
17 years$2,505$2,096$1,745$1,446$1,194$659
18 years$2,341$1,937$1,593$1,304$1,061$561
19 years$2,195$1,795$1,459$1,178$946$479
20 years$2,063$1,668$1,339$1,067$845$409
21 years$1,944$1,554$1,231$968$756$350
22 years$1,836$1,451$1,135$880$678$300
23 years$1,738$1,357$1,048$802$609$257
24 years$1,648$1,271$969$731$547$221
25 years$1,565$1,193$898$668$492$189
26 years$1,489$1,121$832$611$443$163
27 years$1,418$1,055$773$559$400$140
28 years$1,353$994$719$512$361$120
29 years$1,292$938$669$470$326$103
30 years$1,236$886$623$431$294$89
31 years$1,183$837$581$396$266$77
32 years$1,133$792$542$364$241$66
33 years$1,087$750$506$334$218$57
34 years$1,044$711$473$308$197$49
35 years$1,003$675$442$283$179$42
36 years$964$640$413$261$162$36
37 years$928$608$387$240$147$31
38 years$893$578$362$222$133$27
39 years$861$549$339$204$121$23
40 years$830$523$318$188$109$20
41 years$801$498$298$174$99$17
42 years$773$474$280$160$90$15
43 years$746$452$263$148$82$13
44 years$721$430$247$137$74$11
45 years$697$410$231$126$67$10
46 years$674$392$217$117$61$8
47 years$653$374$204$108$56$7
48 years$632$357$192$100$50$6
49 years$612$341$180$92$46$5
50 years$593$325$170$85$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $607,000, adding $6,106 every year, while hoping to spend $31,478 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: 49/25/26 Blend
39$607,000$607,000$607,000$607,000
40$675,212$643,041$633,633$703,055
41$710,592$641,058$621,367$721,166
42$748,525$637,923$607,636$737,212
43$789,239$633,545$592,356$754,020
44$832,983$627,831$575,442$771,677
45$880,031$620,678$556,803$790,280
46$930,684$611,981$536,345$809,939
47$985,271$601,626$513,971$830,774
48$1,044,156$589,493$489,576$852,924
49$1,107,736$575,454$463,052$876,540
50$1,176,449$559,375$434,289$901,794
51$1,250,776$541,114$403,167$928,876
52$1,331,246$520,519$369,563$957,999
53$1,418,439$497,431$333,350$989,402
54$1,512,996$471,681$294,394$1,023,348
55$1,615,619$443,091$252,553$1,060,134
56$1,727,080$411,471$207,682$1,100,087
57$1,848,231$376,621$159,628$1,143,573
58$1,980,006$338,331$108,231$1,190,999
59$2,123,435$296,378$53,325$1,242,819
60$2,279,650$250,525$0$1,299,534
61$2,449,897$200,523$0$1,363,166
62$2,635,548$146,109$0$1,448,756
63$2,838,111$87,006$0$1,542,236
64$3,059,248$22,920$0$1,644,426
65$3,300,789$0$0$1,756,232
66$3,564,745$0$0$1,891,437
67$3,853,335$0$0$2,046,215
68$4,168,997$0$0$2,215,580
69$4,514,420$0$0$2,400,980
70$4,892,562$0$0$2,604,012
71$5,306,681$0$0$2,826,435
72$5,760,365$0$0$3,070,185
73$6,257,565$0$0$3,337,394
74$6,802,633$0$0$3,630,411
75$7,400,363$0$0$3,951,822
76$8,056,033$0$0$4,304,478
77$8,775,457$0$0$4,691,515
78$9,565,040$0$0$5,116,392
79$10,431,837$0$0$5,582,916
80$11,383,619$0$0$6,095,283
81$12,428,947$0$0$6,658,112
82$13,577,250$0$0$7,276,494
83$14,838,917$0$0$7,956,039
84$16,225,394$0$0$8,702,923
85$17,749,287$0$0$9,523,953
86$19,424,488$0$0$10,426,628
87$21,266,300$0$0$11,419,210
88$23,291,583$0$0$12,510,801
89$25,518,913$0$0$13,711,430
90$27,968,755$0$0$15,032,145
91$30,663,659$0$0$16,485,121
92$33,628,469$0$0$18,083,771
93$36,890,558$0$0$19,842,874
94$40,480,089$0$0$21,778,714
95$44,430,292$0$0$23,909,233
96$48,777,785$0$0$26,254,202
97$53,562,914$0$0$28,835,404
98$58,830,134$0$0$31,676,842
99$64,628,431$0$0$34,804,963
100$71,011,779$0$0$38,248,911