Can I retire at age 40 with 609,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.4%
1 years$50,291$49,843$49,406$48,979$48,563$46,914
2 years$24,896$24,433$23,983$23,548$23,125$21,481
3 years$16,433$15,967$15,519$15,087$14,671$13,083
4 years$12,202$11,737$11,294$10,869$10,464$8,943
5 years$9,664$9,202$8,764$8,349$7,954$6,506
6 years$7,972$7,514$7,083$6,677$6,294$4,919
7 years$6,765$6,311$5,886$5,489$5,119$3,816
8 years$5,859$5,409$4,992$4,605$4,247$3,016
9 years$5,156$4,710$4,299$3,922$3,576$2,416
10 years$4,593$4,151$3,748$3,381$3,047$1,956
11 years$4,133$3,696$3,300$2,942$2,621$1,596
12 years$3,750$3,317$2,929$2,581$2,271$1,310
13 years$3,426$2,998$2,617$2,279$1,980$1,081
14 years$3,148$2,725$2,351$2,023$1,736$895
15 years$2,908$2,489$2,123$1,804$1,528$744
16 years$2,698$2,284$1,924$1,615$1,351$620
17 years$2,513$2,103$1,751$1,451$1,198$518
18 years$2,349$1,944$1,599$1,308$1,065$434
19 years$2,202$1,801$1,463$1,182$949$363
20 years$2,070$1,674$1,343$1,070$848$305
21 years$1,951$1,559$1,235$971$759$256
22 years$1,842$1,455$1,139$883$680$215
23 years$1,743$1,361$1,051$804$611$181
24 years$1,653$1,275$972$734$549$153
25 years$1,570$1,197$901$670$494$128
26 years$1,494$1,125$835$613$445$108
27 years$1,423$1,059$776$561$401$91
28 years$1,357$998$721$514$362$77
29 years$1,296$941$671$471$327$65
30 years$1,240$889$625$432$295$55
31 years$1,187$840$583$397$267$46
32 years$1,137$795$544$365$241$39
33 years$1,091$753$508$336$219$33
34 years$1,047$713$474$309$198$28
35 years$1,006$677$443$284$179$23
36 years$967$642$415$262$162$20
37 years$931$610$388$241$147$17
38 years$896$580$364$222$133$14
39 years$864$551$341$205$121$12
40 years$833$525$319$189$110$10
41 years$803$499$299$174$100$8
42 years$775$476$281$161$90$7
43 years$749$453$263$149$82$6
44 years$724$432$247$137$74$5
45 years$700$412$232$127$68$4
46 years$677$393$218$117$61$4
47 years$655$375$205$108$56$3
48 years$634$358$193$100$51$3
49 years$614$342$181$92$46$2
50 years$595$326$170$85$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $609,000, adding $6,216 every year, while hoping to spend $31,690 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: 42/46/12 Blend
39$609,000$609,000$609,000$609,000
40$677,530$645,253$635,813$703,357
41$712,920$643,152$623,395$719,968
42$750,858$639,887$609,499$734,302
43$791,570$635,366$594,041$749,122
44$835,304$629,493$576,936$764,487
45$882,334$622,167$558,092$780,463
46$932,958$613,279$537,414$797,125
47$987,506$602,716$514,804$814,556
48$1,046,338$590,355$490,156$832,854
49$1,109,851$576,070$463,364$852,126
50$1,178,482$559,723$434,312$872,494
51$1,252,709$541,171$402,883$894,097
52$1,333,058$520,262$368,953$917,089
53$1,420,110$496,834$332,393$941,644
54$1,514,499$470,717$293,066$967,959
55$1,616,927$441,731$250,833$996,252
56$1,728,163$409,685$205,545$1,026,770
57$1,849,054$374,378$157,049$1,059,789
58$1,980,531$335,596$105,183$1,095,617
59$2,123,619$293,114$49,781$1,134,599
60$2,279,446$246,695$0$1,177,120
61$2,449,253$196,086$0$1,224,807
62$2,634,405$141,023$0$1,283,824
63$2,836,405$81,224$0$1,348,352
64$3,056,908$16,393$0$1,419,011
65$3,297,735$0$0$1,496,495
66$3,560,890$0$0$1,608,795
67$3,848,581$0$0$1,740,711
68$4,163,238$0$0$1,885,069
69$4,507,536$0$0$2,043,106
70$4,884,421$0$0$2,216,184
71$5,297,138$0$0$2,405,803
72$5,749,258$0$0$2,613,616
73$6,244,717$0$0$2,841,442
74$6,787,847$0$0$3,091,285
75$7,383,421$0$0$3,365,353
76$8,036,695$0$0$3,666,076
77$8,753,458$0$0$3,996,134
78$9,540,087$0$0$4,358,474
79$10,403,606$0$0$4,756,348
80$11,351,752$0$0$5,193,334
81$12,393,049$0$0$5,673,376
82$13,536,886$0$0$6,200,817
83$14,793,607$0$0$6,780,443
84$16,174,605$0$0$7,417,525
85$17,692,435$0$0$8,117,873
86$19,360,927$0$0$8,887,884
87$21,195,316$0$0$9,734,609
88$23,212,389$0$0$10,665,815
89$25,430,642$0$0$11,690,060
90$27,870,449$0$0$12,816,773
91$30,554,263$0$0$14,056,341
92$33,506,817$0$0$15,420,212
93$36,755,367$0$0$16,920,996
94$40,329,940$0$0$18,572,589
95$44,263,625$0$0$20,390,304
96$48,592,876$0$0$22,391,009
97$53,357,863$0$0$24,593,294
98$58,602,847$0$0$27,017,643
99$64,376,597$0$0$29,686,623
100$70,732,852$0$0$32,625,105