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%17.4%
1 years$50,291$49,843$49,406$48,979$48,563$47,102
2 years$24,896$24,433$23,983$23,548$23,125$21,666
3 years$16,433$15,967$15,519$15,087$14,671$13,260
4 years$12,202$11,737$11,294$10,869$10,464$9,110
5 years$9,664$9,202$8,764$8,349$7,954$6,662
6 years$7,972$7,514$7,083$6,677$6,294$5,065
7 years$6,765$6,311$5,886$5,489$5,119$3,952
8 years$5,859$5,409$4,992$4,605$4,247$3,142
9 years$5,156$4,710$4,299$3,922$3,576$2,532
10 years$4,593$4,151$3,748$3,381$3,047$2,063
11 years$4,133$3,696$3,300$2,942$2,621$1,694
12 years$3,750$3,317$2,929$2,581$2,271$1,400
13 years$3,426$2,998$2,617$2,279$1,980$1,163
14 years$3,148$2,725$2,351$2,023$1,736$970
15 years$2,908$2,489$2,123$1,804$1,528$812
16 years$2,698$2,284$1,924$1,615$1,351$682
17 years$2,513$2,103$1,751$1,451$1,198$574
18 years$2,349$1,944$1,599$1,308$1,065$484
19 years$2,202$1,801$1,463$1,182$949$408
20 years$2,070$1,674$1,343$1,070$848$345
21 years$1,951$1,559$1,235$971$759$292
22 years$1,842$1,455$1,139$883$680$248
23 years$1,743$1,361$1,051$804$611$210
24 years$1,653$1,275$972$734$549$178
25 years$1,570$1,197$901$670$494$151
26 years$1,494$1,125$835$613$445$129
27 years$1,423$1,059$776$561$401$109
28 years$1,357$998$721$514$362$93
29 years$1,296$941$671$471$327$79
30 years$1,240$889$625$432$295$67
31 years$1,187$840$583$397$267$57
32 years$1,137$795$544$365$241$49
33 years$1,091$753$508$336$219$41
34 years$1,047$713$474$309$198$35
35 years$1,006$677$443$284$179$30
36 years$967$642$415$262$162$26
37 years$931$610$388$241$147$22
38 years$896$580$364$222$133$19
39 years$864$551$341$205$121$16
40 years$833$525$319$189$110$13
41 years$803$499$299$174$100$11
42 years$775$476$281$161$90$10
43 years$749$453$263$149$82$8
44 years$724$432$247$137$74$7
45 years$700$412$232$127$68$6
46 years$677$393$218$117$61$5
47 years$655$375$205$108$56$4
48 years$634$358$193$100$51$4
49 years$614$342$181$92$46$3
50 years$595$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 $609,000, adding $4,746 every year, while hoping to spend $46,869 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: 78/5/17 Blend
39$609,000$609,000$609,000$609,000
40$676,013$643,736$634,297$725,852
41$695,099$625,411$605,678$741,070
42$714,560$604,617$574,529$751,372
43$734,385$581,184$540,716$761,386
44$754,562$554,931$504,099$771,065
45$775,072$525,668$464,532$780,360
46$795,896$493,193$421,860$789,215
47$817,010$457,292$375,925$797,571
48$838,386$417,739$326,559$805,362
49$859,990$374,297$273,587$812,518
50$881,784$326,713$216,828$818,960
51$903,725$274,721$156,091$824,603
52$925,762$218,039$91,176$829,355
53$947,837$156,370$21,878$833,114
54$969,884$89,401$0$835,768
55$991,830$16,799$0$846,644
56$1,013,588$0$0$861,012
57$1,035,065$0$0$878,198
58$1,056,153$0$0$895,961
59$1,076,730$0$0$913,275
60$1,096,661$0$0$930,021
61$1,115,792$0$0$946,068
62$1,133,955$0$0$961,269
63$1,150,957$0$0$975,460
64$1,166,585$0$0$988,457
65$1,180,602$0$0$1,000,055
66$1,192,741$0$0$1,010,026
67$1,202,709$0$0$1,018,114
68$1,210,174$0$0$1,024,037
69$1,214,772$0$0$1,027,479
70$1,216,095$0$0$1,028,091
71$1,213,692$0$0$1,025,483
72$1,207,060$0$0$1,019,224
73$1,195,644$0$0$1,008,834
74$1,178,826$0$0$993,782
75$1,155,920$0$0$973,480
76$1,126,170$0$0$947,274
77$1,088,733$0$0$914,441
78$1,042,680$0$0$874,183
79$986,981$0$0$825,611
80$920,497$0$0$767,747
81$841,965$0$0$699,505
82$749,992$0$0$619,685
83$643,035$0$0$526,963
84$519,390$0$0$419,871
85$377,172$0$0$296,788
86$214,299$0$0$155,926
87$28,471$0$0$0
88$0$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