Can I retire at age 40 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$50,208$49,761$49,325$48,899$48,483$46,688
2 years$24,855$24,393$23,944$23,509$23,087$21,299
3 years$16,406$15,941$15,493$15,062$14,647$12,923
4 years$12,182$11,718$11,275$10,852$10,447$8,798
5 years$9,648$9,187$8,750$8,335$7,941$6,373
6 years$7,959$7,502$7,071$6,666$6,284$4,797
7 years$6,754$6,300$5,876$5,480$5,110$3,705
8 years$5,850$5,400$4,984$4,597$4,240$2,914
9 years$5,147$4,702$4,292$3,916$3,570$2,323
10 years$4,585$4,145$3,742$3,375$3,042$1,871
11 years$4,126$3,690$3,295$2,938$2,616$1,519
12 years$3,743$3,312$2,924$2,577$2,267$1,240
13 years$3,420$2,993$2,612$2,275$1,977$1,018
14 years$3,143$2,720$2,347$2,019$1,733$838
15 years$2,903$2,485$2,119$1,801$1,526$693
16 years$2,694$2,280$1,921$1,613$1,349$574
17 years$2,509$2,100$1,748$1,449$1,196$477
18 years$2,345$1,940$1,596$1,306$1,063$397
19 years$2,198$1,798$1,461$1,180$948$330
20 years$2,066$1,671$1,341$1,069$846$276
21 years$1,947$1,557$1,233$970$758$230
22 years$1,839$1,453$1,137$882$679$192
23 years$1,741$1,359$1,050$803$610$161
24 years$1,650$1,273$971$732$548$134
25 years$1,568$1,195$899$669$493$112
26 years$1,491$1,123$834$612$444$94
27 years$1,421$1,057$774$560$400$79
28 years$1,355$996$720$513$361$66
29 years$1,294$939$670$470$326$55
30 years$1,238$887$624$432$295$46
31 years$1,185$839$582$396$266$39
32 years$1,135$794$543$364$241$33
33 years$1,089$752$507$335$218$27
34 years$1,045$712$473$308$198$23
35 years$1,004$676$443$284$179$19
36 years$966$641$414$261$162$16
37 years$929$609$388$241$147$14
38 years$895$579$363$222$133$11
39 years$862$550$340$205$121$10
40 years$831$524$319$189$110$8
41 years$802$498$299$174$99$7
42 years$774$475$280$161$90$6
43 years$748$452$263$148$82$5
44 years$722$431$247$137$74$4
45 years$698$411$232$127$67$3
46 years$675$392$218$117$61$3
47 years$654$374$205$108$56$2
48 years$633$357$192$100$50$2
49 years$613$341$181$92$46$2
50 years$594$326$170$85$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $608,000, adding $3,713 every year, while hoping to spend $42,855 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: 48/30/22 Blend
39$608,000$608,000$608,000$608,000
40$673,846$641,622$632,198$701,827
41$696,981$627,464$607,779$707,567
42$721,039$611,176$581,106$709,205
43$746,070$592,608$552,058$710,102
44$772,126$571,603$520,508$710,209
45$799,263$547,991$486,325$709,473
46$827,541$521,597$449,371$707,839
47$857,027$492,232$409,502$705,248
48$887,791$459,698$366,567$701,644
49$919,908$423,786$320,410$696,962
50$953,460$384,273$270,865$691,141
51$988,536$340,925$217,761$684,114
52$1,025,230$293,494$160,920$675,812
53$1,063,647$241,719$100,155$666,167
54$1,103,899$185,323$35,270$655,106
55$1,146,107$124,014$0$642,556
56$1,190,403$57,484$0$636,415
57$1,236,930$0$0$637,985
58$1,285,844$0$0$643,771
59$1,337,313$0$0$669,850
60$1,391,522$0$0$697,342
61$1,448,672$0$0$726,352
62$1,508,979$0$0$756,994
63$1,572,683$0$0$789,393
64$1,640,044$0$0$823,686
65$1,711,343$0$0$860,020
66$1,786,892$0$0$898,558
67$1,867,029$0$0$939,478
68$1,952,122$0$0$982,973
69$2,042,576$0$0$1,029,257
70$2,138,833$0$0$1,078,561
71$2,241,379$0$0$1,131,140
72$2,350,742$0$0$1,187,273
73$2,467,503$0$0$1,247,266
74$2,592,299$0$0$1,311,453
75$2,725,828$0$0$1,380,201
76$2,868,853$0$0$1,453,914
77$3,022,214$0$0$1,533,032
78$3,186,831$0$0$1,618,042
79$3,363,714$0$0$1,709,475
80$3,553,972$0$0$1,807,915
81$3,758,822$0$0$1,914,004
82$3,979,600$0$0$2,028,448
83$4,217,775$0$0$2,152,020
84$4,474,960$0$0$2,285,571
85$4,752,927$0$0$2,430,038
86$5,053,625$0$0$2,586,447
87$5,379,195$0$0$2,755,928
88$5,731,991$0$0$2,939,726
89$6,114,602$0$0$3,139,205
90$6,529,875$0$0$3,355,870
91$6,980,940$0$0$3,591,373
92$7,471,242$0$0$3,847,534
93$8,004,570$0$0$4,126,352
94$8,585,092$0$0$4,430,031
95$9,217,395$0$0$4,760,993
96$9,906,527$0$0$5,121,905
97$10,658,042$0$0$5,515,702
98$11,478,054$0$0$5,945,613
99$12,373,295$0$0$6,415,196
100$13,351,170$0$0$6,928,365