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%15%
1 years$50,291$49,843$49,406$48,979$48,563$47,563
2 years$24,896$24,433$23,983$23,548$23,125$22,122
3 years$16,433$15,967$15,519$15,087$14,671$13,697
4 years$12,202$11,737$11,294$10,869$10,464$9,525
5 years$9,664$9,202$8,764$8,349$7,954$7,054
6 years$7,972$7,514$7,083$6,677$6,294$5,433
7 years$6,765$6,311$5,886$5,489$5,119$4,298
8 years$5,859$5,409$4,992$4,605$4,247$3,465
9 years$5,156$4,710$4,299$3,922$3,576$2,833
10 years$4,593$4,151$3,748$3,381$3,047$2,343
11 years$4,133$3,696$3,300$2,942$2,621$1,953
12 years$3,750$3,317$2,929$2,581$2,271$1,640
13 years$3,426$2,998$2,617$2,279$1,980$1,385
14 years$3,148$2,725$2,351$2,023$1,736$1,174
15 years$2,908$2,489$2,123$1,804$1,528$1,000
16 years$2,698$2,284$1,924$1,615$1,351$854
17 years$2,513$2,103$1,751$1,451$1,198$731
18 years$2,349$1,944$1,599$1,308$1,065$627
19 years$2,202$1,801$1,463$1,182$949$539
20 years$2,070$1,674$1,343$1,070$848$464
21 years$1,951$1,559$1,235$971$759$400
22 years$1,842$1,455$1,139$883$680$346
23 years$1,743$1,361$1,051$804$611$299
24 years$1,653$1,275$972$734$549$258
25 years$1,570$1,197$901$670$494$224
26 years$1,494$1,125$835$613$445$194
27 years$1,423$1,059$776$561$401$168
28 years$1,357$998$721$514$362$145
29 years$1,296$941$671$471$327$126
30 years$1,240$889$625$432$295$109
31 years$1,187$840$583$397$267$95
32 years$1,137$795$544$365$241$82
33 years$1,091$753$508$336$219$72
34 years$1,047$713$474$309$198$62
35 years$1,006$677$443$284$179$54
36 years$967$642$415$262$162$47
37 years$931$610$388$241$147$41
38 years$896$580$364$222$133$35
39 years$864$551$341$205$121$31
40 years$833$525$319$189$110$27
41 years$803$499$299$174$100$23
42 years$775$476$281$161$90$20
43 years$749$453$263$149$82$18
44 years$724$432$247$137$74$15
45 years$700$412$232$127$68$13
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 $5,071 every year, while hoping to spend $46,672 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: 40/43/17 Blend
39$609,000$609,000$609,000$609,000
40$676,349$644,072$634,632$699,804
41$695,678$625,973$606,234$698,880
42$715,414$605,422$575,320$692,984
43$735,550$582,252$541,757$685,620
44$756,075$556,281$505,405$676,679
45$776,977$527,321$466,118$666,043
46$798,240$495,172$423,745$653,589
47$819,846$459,620$378,125$639,185
48$841,771$420,442$329,093$622,690
49$863,989$377,401$276,475$603,956
50$886,468$330,247$220,089$582,824
51$909,173$278,713$159,747$559,124
52$932,060$222,522$95,250$532,679
53$955,081$161,377$26,392$503,297
54$978,182$94,966$0$470,775
55$1,001,297$22,960$0$443,439
56$1,024,355$0$0$418,182
57$1,047,275$0$0$416,028
58$1,069,963$0$0$424,592
59$1,092,315$0$0$432,963
60$1,114,213$0$0$441,087
61$1,135,525$0$0$448,904
62$1,156,102$0$0$456,348
63$1,175,777$0$0$463,343
64$1,194,365$0$0$469,806
65$1,211,657$0$0$475,643
66$1,227,419$0$0$480,750
67$1,241,393$0$0$485,010
68$1,253,288$0$0$488,294
69$1,262,783$0$0$490,459
70$1,269,519$0$0$491,343
71$1,273,096$0$0$490,770
72$1,273,073$0$0$488,542
73$1,268,955$0$0$484,439
74$1,260,198$0$0$478,219
75$1,246,194$0$0$469,612
76$1,226,271$0$0$458,319
77$1,199,685$0$0$444,010
78$1,165,610$0$0$426,318
79$1,123,131$0$0$404,838
80$1,071,237$0$0$379,120
81$1,008,805$0$0$348,668
82$934,597$0$0$312,933
83$847,241$0$0$271,307
84$745,220$0$0$223,118
85$626,858$0$0$167,624
86$490,299$0$0$104,005
87$333,496$0$0$31,355
88$154,184$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0