Can I retire at age 40 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$50,291$49,843$49,406$48,979$48,563$47,582
2 years$24,896$24,433$23,983$23,548$23,125$22,141
3 years$16,433$15,967$15,519$15,087$14,671$13,716
4 years$12,202$11,737$11,294$10,869$10,464$9,543
5 years$9,664$9,202$8,764$8,349$7,954$7,071
6 years$7,972$7,514$7,083$6,677$6,294$5,449
7 years$6,765$6,311$5,886$5,489$5,119$4,313
8 years$5,859$5,409$4,992$4,605$4,247$3,479
9 years$5,156$4,710$4,299$3,922$3,576$2,847
10 years$4,593$4,151$3,748$3,381$3,047$2,355
11 years$4,133$3,696$3,300$2,942$2,621$1,965
12 years$3,750$3,317$2,929$2,581$2,271$1,651
13 years$3,426$2,998$2,617$2,279$1,980$1,395
14 years$3,148$2,725$2,351$2,023$1,736$1,184
15 years$2,908$2,489$2,123$1,804$1,528$1,008
16 years$2,698$2,284$1,924$1,615$1,351$862
17 years$2,513$2,103$1,751$1,451$1,198$738
18 years$2,349$1,944$1,599$1,308$1,065$634
19 years$2,202$1,801$1,463$1,182$949$545
20 years$2,070$1,674$1,343$1,070$848$470
21 years$1,951$1,559$1,235$971$759$406
22 years$1,842$1,455$1,139$883$680$350
23 years$1,743$1,361$1,051$804$611$303
24 years$1,653$1,275$972$734$549$262
25 years$1,570$1,197$901$670$494$227
26 years$1,494$1,125$835$613$445$197
27 years$1,423$1,059$776$561$401$171
28 years$1,357$998$721$514$362$148
29 years$1,296$941$671$471$327$129
30 years$1,240$889$625$432$295$112
31 years$1,187$840$583$397$267$97
32 years$1,137$795$544$365$241$84
33 years$1,091$753$508$336$219$73
34 years$1,047$713$474$309$198$64
35 years$1,006$677$443$284$179$55
36 years$967$642$415$262$162$48
37 years$931$610$388$241$147$42
38 years$896$580$364$222$133$36
39 years$864$551$341$205$121$32
40 years$833$525$319$189$110$28
41 years$803$499$299$174$100$24
42 years$775$476$281$161$90$21
43 years$749$453$263$149$82$18
44 years$724$432$247$137$74$16
45 years$700$412$232$127$68$14
46 years$677$393$218$117$61$12
47 years$655$375$205$108$56$10
48 years$634$358$193$100$51$9
49 years$614$342$181$92$46$8
50 years$595$326$170$85$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $609,000, adding $6,948 every year, while hoping to spend $28,300 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: 77/16/7 Blend
39$609,000$609,000$609,000$609,000
40$678,285$646,008$636,568$729,394
41$717,359$647,551$627,782$765,481
42$759,470$648,222$617,754$800,685
43$804,898$647,947$606,411$838,453
44$853,951$646,649$593,678$879,027
45$906,966$644,247$579,478$922,674
46$964,314$640,653$563,729$969,689
47$1,026,405$635,776$546,345$1,020,398
48$1,093,687$629,517$527,235$1,075,157
49$1,166,652$621,773$506,307$1,134,362
50$1,245,845$612,434$483,463$1,198,448
51$1,331,861$601,383$458,599$1,267,894
52$1,425,358$588,498$431,609$1,343,229
53$1,527,057$573,647$402,380$1,425,036
54$1,637,753$556,692$370,797$1,513,958
55$1,758,321$537,487$336,735$1,610,703
56$1,889,722$515,877$300,069$1,716,052
57$2,033,017$491,697$260,663$1,830,868
58$2,189,369$464,775$218,380$1,956,100
59$2,360,062$434,926$173,073$2,092,795
60$2,546,508$401,958$124,591$2,242,108
61$2,750,262$365,664$72,775$2,405,313
62$2,973,035$325,828$17,460$2,583,814
63$3,216,712$282,220$0$2,779,158
64$3,483,368$234,600$0$2,996,158
65$3,775,286$182,710$0$3,235,186
66$4,094,984$126,281$0$3,497,023
67$4,445,231$65,028$0$3,783,975
68$4,829,079$0$0$4,098,579
69$5,249,888$0$0$4,443,872
70$5,711,359$0$0$4,835,106
71$6,217,569$0$0$5,264,292
72$6,773,007$0$0$5,735,240
73$7,382,620$0$0$6,252,144
74$8,051,854$0$0$6,819,629
75$8,786,710$0$0$7,442,784
76$9,593,799$0$0$8,127,219
77$10,480,402$0$0$8,879,112
78$11,454,543$0$0$9,705,270
79$12,525,057$0$0$10,613,192
80$13,701,682$0$0$11,611,138
81$14,995,143$0$0$12,708,210
82$16,417,258$0$0$13,914,435
83$17,981,045$0$0$15,240,859
84$19,700,850$0$0$16,699,653
85$21,592,475$0$0$18,304,228
86$23,673,334$0$0$20,069,357
87$25,962,611$0$0$22,011,320
88$28,481,443$0$0$24,148,052
89$31,253,122$0$0$26,499,315
90$34,303,309$0$0$29,086,884
91$37,660,280$0$0$31,934,752
92$41,355,190$0$0$35,069,353
93$45,422,368$0$0$38,519,818
94$49,899,640$0$0$42,318,241
95$54,828,686$0$0$46,499,991
96$60,255,431$0$0$51,104,035
97$66,230,483$0$0$56,173,314
98$72,809,603$0$0$61,755,145
99$80,054,238$0$0$67,901,666
100$88,032,094$0$0$74,670,327