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 $2,283 every year, while hoping to spend $30,407 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: 45/25/30 Blend
39$607,000$607,000$607,000$607,000
40$671,269$639,098$629,689$695,560
41$707,386$638,061$618,431$712,075
42$746,167$635,954$605,777$726,900
43$787,853$632,693$591,647$742,408
44$832,706$628,187$575,960$758,679
45$881,016$622,342$558,628$775,806
46$933,100$615,057$539,563$793,891
47$989,307$606,225$518,669$813,051
48$1,050,019$595,733$495,847$833,414
49$1,115,657$583,461$470,994$855,127
50$1,186,685$569,281$444,003$878,351
51$1,263,610$553,058$414,760$903,269
52$1,346,992$534,652$383,148$930,084
53$1,437,445$513,910$349,043$959,024
54$1,535,646$490,673$312,318$990,342
55$1,642,338$464,772$272,837$1,024,321
56$1,758,339$436,029$230,460$1,061,276
57$1,884,550$404,254$185,040$1,101,560
58$2,021,960$369,249$136,425$1,145,563
59$2,171,660$330,802$84,455$1,193,720
60$2,334,848$288,690$28,963$1,246,518
61$2,512,844$242,677$0$1,304,493
62$2,707,100$192,515$0$1,377,931
63$2,919,217$137,940$0$1,468,334
64$3,150,952$78,675$0$1,567,222
65$3,404,245$14,426$0$1,675,477
66$3,681,229$0$0$1,794,077
67$3,984,252$0$0$1,939,262
68$4,315,901$0$0$2,102,576
69$4,679,023$0$0$2,281,462
70$5,076,756$0$0$2,477,473
71$5,512,552$0$0$2,692,322
72$5,990,215$0$0$2,927,892
73$6,513,934$0$0$3,186,261
74$7,088,324$0$0$3,469,715
75$7,718,465$0$0$3,780,772
76$8,409,955$0$0$4,122,207
77$9,168,959$0$0$4,497,076
78$10,002,270$0$0$4,908,746
79$10,917,367$0$0$5,360,925
80$11,922,493$0$0$5,857,697
81$13,026,726$0$0$6,403,564
82$14,240,067$0$0$7,003,483
83$15,573,534$0$0$7,662,917
84$17,039,265$0$0$8,387,884
85$18,650,634$0$0$9,185,012
86$20,422,373$0$0$10,061,606
87$22,370,715$0$0$11,025,715
88$24,513,543$0$0$12,086,204
89$26,870,562$0$0$13,252,843
90$29,463,481$0$0$14,536,395
91$32,316,220$0$0$15,948,720
92$35,455,133$0$0$17,502,885
93$38,909,259$0$0$19,213,287
94$42,710,594$0$0$21,095,792
95$46,894,391$0$0$23,167,879
96$51,499,496$0$0$25,448,808
97$56,568,711$0$0$27,959,803
98$62,149,198$0$0$30,724,249
99$68,292,924$0$0$33,767,914
100$75,057,153$0$0$37,119,191