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%16.7%
1 years$50,208$49,761$49,325$48,899$48,483$47,158
2 years$24,855$24,393$23,944$23,509$23,087$21,762
3 years$16,406$15,941$15,493$15,062$14,647$13,363
4 years$12,182$11,718$11,275$10,852$10,447$9,214
5 years$9,648$9,187$8,750$8,335$7,941$6,763
6 years$7,959$7,502$7,071$6,666$6,284$5,161
7 years$6,754$6,300$5,876$5,480$5,110$4,043
8 years$5,850$5,400$4,984$4,597$4,240$3,228
9 years$5,147$4,702$4,292$3,916$3,570$2,612
10 years$4,585$4,145$3,742$3,375$3,042$2,137
11 years$4,126$3,690$3,295$2,938$2,616$1,763
12 years$3,743$3,312$2,924$2,577$2,267$1,464
13 years$3,420$2,993$2,612$2,275$1,977$1,222
14 years$3,143$2,720$2,347$2,019$1,733$1,024
15 years$2,903$2,485$2,119$1,801$1,526$862
16 years$2,694$2,280$1,921$1,613$1,349$727
17 years$2,509$2,100$1,748$1,449$1,196$615
18 years$2,345$1,940$1,596$1,306$1,063$521
19 years$2,198$1,798$1,461$1,180$948$442
20 years$2,066$1,671$1,341$1,069$846$376
21 years$1,947$1,557$1,233$970$758$320
22 years$1,839$1,453$1,137$882$679$273
23 years$1,741$1,359$1,050$803$610$232
24 years$1,650$1,273$971$732$548$198
25 years$1,568$1,195$899$669$493$169
26 years$1,491$1,123$834$612$444$145
27 years$1,421$1,057$774$560$400$124
28 years$1,355$996$720$513$361$106
29 years$1,294$939$670$470$326$90
30 years$1,238$887$624$432$295$77
31 years$1,185$839$582$396$266$66
32 years$1,135$794$543$364$241$57
33 years$1,089$752$507$335$218$48
34 years$1,045$712$473$308$198$42
35 years$1,004$676$443$284$179$36
36 years$966$641$414$261$162$30
37 years$929$609$388$241$147$26
38 years$895$579$363$222$133$22
39 years$862$550$340$205$121$19
40 years$831$524$319$189$110$16
41 years$802$498$299$174$99$14
42 years$774$475$280$161$90$12
43 years$748$452$263$148$82$10
44 years$722$431$247$137$74$9
45 years$698$411$232$127$67$8
46 years$675$392$218$117$61$6
47 years$654$374$205$108$56$6
48 years$633$357$192$100$50$5
49 years$613$341$181$92$46$4
50 years$594$326$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 $608,000, adding $2,799 every year, while hoping to spend $30,792 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: 78/6/16 Blend
39$608,000$608,000$608,000$608,000
40$672,903$640,679$631,255$722,856
41$708,777$639,310$619,640$754,817
42$747,278$636,842$606,603$785,690
43$788,641$633,188$592,065$818,704
44$833,125$628,257$575,943$854,061
45$881,014$621,952$558,147$891,984
46$932,620$614,170$538,587$932,721
47$988,284$604,801$517,166$976,541
48$1,048,383$593,730$493,785$1,023,746
49$1,113,329$580,834$468,339$1,074,664
50$1,183,578$565,984$440,717$1,129,661
51$1,259,627$549,042$410,805$1,189,138
52$1,342,026$529,862$378,485$1,253,537
53$1,431,379$508,291$343,630$1,323,347
54$1,528,348$484,166$306,109$1,399,106
55$1,633,663$457,314$265,788$1,481,409
56$1,748,127$427,553$222,523$1,570,910
57$1,872,624$394,690$176,165$1,668,333
58$2,008,124$358,522$126,558$1,774,473
59$2,155,696$318,834$73,542$1,890,209
60$2,316,517$275,397$16,946$2,016,510
61$2,491,882$227,971$0$2,154,445
62$2,683,215$176,302$0$2,312,610
63$2,892,084$120,123$0$2,488,457
64$3,120,216$59,148$0$2,680,554
65$3,369,512$0$0$2,890,517
66$3,642,063$0$0$3,120,581
67$3,940,174$0$0$3,376,510
68$4,266,380$0$0$3,656,580
69$4,623,475$0$0$3,963,190
70$5,014,535$0$0$4,298,983
71$5,442,946$0$0$4,666,872
72$5,912,438$0$0$5,070,061
73$6,427,119$0$0$5,512,081
74$6,991,513$0$0$5,996,821
75$7,610,603$0$0$6,528,563
76$8,289,879$0$0$7,112,025
77$9,035,385$0$0$7,752,402
78$9,853,780$0$0$8,455,420
79$10,752,400$0$0$9,227,381
80$11,739,327$0$0$10,075,233
81$12,823,460$0$0$11,006,624
82$14,014,606$0$0$12,029,985
83$15,323,569$0$0$13,154,600
84$16,762,250$0$0$14,390,699
85$18,343,760$0$0$15,749,552
86$20,082,544$0$0$17,243,574
87$21,994,517$0$0$18,886,445
88$24,097,214$0$0$20,693,235
89$26,409,952$0$0$22,680,550
90$28,954,017$0$0$24,866,683
91$31,752,858$0$0$27,271,794
92$34,832,316$0$0$29,918,089
93$38,220,860$0$0$32,830,041
94$41,949,858$0$0$36,034,611
95$46,053,874$0$0$39,561,509
96$50,570,991$0$0$43,443,469
97$55,543,172$0$0$47,716,558
98$61,016,654$0$0$52,420,522
99$67,042,386$0$0$57,599,151
100$73,676,507$0$0$63,300,700