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%11.1%
1 years$50,208$49,761$49,325$48,899$48,483$48,258
2 years$24,855$24,393$23,944$23,509$23,087$22,860
3 years$16,406$15,941$15,493$15,062$14,647$14,426
4 years$12,182$11,718$11,275$10,852$10,447$10,231
5 years$9,648$9,187$8,750$8,335$7,941$7,733
6 years$7,959$7,502$7,071$6,666$6,284$6,083
7 years$6,754$6,300$5,876$5,480$5,110$4,918
8 years$5,850$5,400$4,984$4,597$4,240$4,054
9 years$5,147$4,702$4,292$3,916$3,570$3,393
10 years$4,585$4,145$3,742$3,375$3,042$2,872
11 years$4,126$3,690$3,295$2,938$2,616$2,454
12 years$3,743$3,312$2,924$2,577$2,267$2,112
13 years$3,420$2,993$2,612$2,275$1,977$1,829
14 years$3,143$2,720$2,347$2,019$1,733$1,592
15 years$2,903$2,485$2,119$1,801$1,526$1,391
16 years$2,694$2,280$1,921$1,613$1,349$1,221
17 years$2,509$2,100$1,748$1,449$1,196$1,074
18 years$2,345$1,940$1,596$1,306$1,063$948
19 years$2,198$1,798$1,461$1,180$948$838
20 years$2,066$1,671$1,341$1,069$846$743
21 years$1,947$1,557$1,233$970$758$660
22 years$1,839$1,453$1,137$882$679$587
23 years$1,741$1,359$1,050$803$610$522
24 years$1,650$1,273$971$732$548$466
25 years$1,568$1,195$899$669$493$415
26 years$1,491$1,123$834$612$444$371
27 years$1,421$1,057$774$560$400$332
28 years$1,355$996$720$513$361$297
29 years$1,294$939$670$470$326$266
30 years$1,238$887$624$432$295$238
31 years$1,185$839$582$396$266$213
32 years$1,135$794$543$364$241$191
33 years$1,089$752$507$335$218$171
34 years$1,045$712$473$308$198$154
35 years$1,004$676$443$284$179$138
36 years$966$641$414$261$162$124
37 years$929$609$388$241$147$111
38 years$895$579$363$222$133$100
39 years$862$550$340$205$121$90
40 years$831$524$319$189$110$81
41 years$802$498$299$174$99$73
42 years$774$475$280$161$90$65
43 years$748$452$263$148$82$59
44 years$722$431$247$137$74$53
45 years$698$411$232$127$67$47
46 years$675$392$218$117$61$43
47 years$654$374$205$108$56$38
48 years$633$357$192$100$50$34
49 years$613$341$181$92$46$31
50 years$594$326$170$85$42$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $608,000, adding $2,635 every year, while hoping to spend $27,962 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: 49/46/5 Blend
39$608,000$608,000$608,000$608,000
40$672,734$640,510$631,086$704,744
41$711,602$642,144$622,476$728,484
42$753,496$642,920$612,640$751,043
43$798,698$642,768$601,509$774,874
44$847,513$641,611$589,007$800,103
45$900,278$639,369$575,058$826,868
46$957,365$635,957$559,580$855,326
47$1,019,179$631,282$542,490$885,648
48$1,086,171$625,250$523,698$918,023
49$1,158,831$617,758$503,113$952,666
50$1,237,701$608,698$480,637$989,810
51$1,323,377$597,954$456,169$1,029,716
52$1,416,514$585,407$429,603$1,072,676
53$1,517,833$570,926$400,829$1,119,010
54$1,628,127$554,376$369,731$1,169,074
55$1,748,268$535,613$336,190$1,223,264
56$1,879,216$514,483$300,077$1,282,019
57$2,022,030$490,826$261,263$1,345,825
58$2,177,870$464,470$219,609$1,415,220
59$2,348,019$435,235$174,972$1,490,801
60$2,533,885$402,930$127,202$1,573,230
61$2,737,021$367,352$76,142$1,663,238
62$2,959,133$328,289$21,629$1,761,637
63$3,202,103$285,514$0$1,869,324
64$3,468,002$238,789$0$1,989,244
65$3,759,111$187,861$0$2,121,905
66$4,077,939$132,466$0$2,267,380
67$4,427,253$72,321$0$2,427,027
68$4,810,098$7,130$0$2,602,345
69$5,229,829$0$0$2,794,997
70$5,690,138$0$0$3,038,918
71$6,195,095$0$0$3,310,525
72$6,749,182$0$0$3,608,627
73$7,357,334$0$0$3,935,890
74$8,024,989$0$0$4,295,248
75$8,758,138$0$0$4,689,933
76$9,563,377$0$0$5,123,509
77$10,447,976$0$0$5,599,898
78$11,419,942$0$0$6,123,424
79$12,488,096$0$0$6,698,847
80$13,662,156$0$0$7,331,415
81$14,952,829$0$0$8,026,908
82$16,371,910$0$0$8,791,693
83$17,932,395$0$0$9,632,786
84$19,648,602$0$0$10,557,917
85$21,536,306$0$0$11,575,604
86$23,612,887$0$0$12,695,228
87$25,897,496$0$0$13,927,131
88$28,411,232$0$0$15,282,702
89$31,177,343$0$0$16,774,495
90$34,221,444$0$0$18,416,339
91$37,571,761$0$0$20,223,472
92$41,259,390$0$0$22,212,685
93$45,318,601$0$0$24,402,481
94$49,787,149$0$0$26,813,245
95$54,706,641$0$0$29,467,441
96$60,122,918$0$0$32,389,822
97$66,086,495$0$0$35,607,661
98$72,653,036$0$0$39,151,013
99$79,883,873$0$0$43,052,995
100$87,846,594$0$0$47,350,100