Can I retire at age 40 with 610,000?

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 $610,000?

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%
1 years$50,373$49,925$49,487$49,059$48,642$47,621
2 years$24,937$24,473$24,023$23,586$23,163$22,139
3 years$16,460$15,993$15,544$15,112$14,696$13,701
4 years$12,222$11,757$11,312$10,887$10,481$9,523
5 years$9,680$9,217$8,779$8,363$7,967$7,049
6 years$7,985$7,527$7,095$6,688$6,304$5,426
7 years$6,776$6,321$5,896$5,498$5,127$4,290
8 years$5,869$5,418$5,000$4,612$4,253$3,457
9 years$5,164$4,718$4,306$3,929$3,582$2,825
10 years$4,600$4,158$3,754$3,387$3,052$2,334
11 years$4,140$3,702$3,305$2,947$2,625$1,945
12 years$3,756$3,323$2,933$2,585$2,275$1,632
13 years$3,431$3,003$2,621$2,282$1,984$1,377
14 years$3,153$2,729$2,355$2,026$1,739$1,167
15 years$2,913$2,493$2,126$1,807$1,531$993
16 years$2,703$2,288$1,928$1,618$1,353$847
17 years$2,517$2,107$1,754$1,454$1,200$725
18 years$2,353$1,947$1,601$1,310$1,067$621
19 years$2,205$1,804$1,466$1,184$951$534
20 years$2,073$1,677$1,345$1,072$849$459
21 years$1,954$1,562$1,237$973$760$396
22 years$1,845$1,458$1,140$885$681$341
23 years$1,746$1,363$1,053$806$612$295
24 years$1,656$1,277$974$735$550$255
25 years$1,573$1,199$902$671$495$220
26 years$1,496$1,127$837$614$446$191
27 years$1,425$1,060$777$562$402$165
28 years$1,360$999$722$515$362$143
29 years$1,299$943$672$472$327$124
30 years$1,242$890$626$433$296$107
31 years$1,189$841$584$398$267$93
32 years$1,139$796$544$366$242$81
33 years$1,092$754$508$336$219$70
34 years$1,049$715$475$309$198$61
35 years$1,008$678$444$285$179$53
36 years$969$643$415$262$163$46
37 years$932$611$389$242$147$40
38 years$898$581$364$223$134$35
39 years$865$552$341$205$121$30
40 years$834$525$320$189$110$26
41 years$805$500$300$175$100$23
42 years$777$476$281$161$90$20
43 years$750$454$264$149$82$17
44 years$725$433$248$137$75$15
45 years$701$412$233$127$68$13
46 years$678$394$218$117$61$11
47 years$656$376$205$108$56$10
48 years$635$358$193$100$51$8
49 years$615$342$181$93$46$7
50 years$596$327$170$86$42$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $610,000, adding $3,835 every year, while hoping to spend $42,342 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: 56/32/12 Blend
39$610,000$610,000$610,000$610,000
40$676,176$643,846$634,391$711,781
41$700,094$630,343$610,591$722,822
42$725,033$614,759$584,575$729,864
43$751,052$596,947$556,224$736,538
44$778,215$576,753$525,413$742,817
45$806,591$554,012$492,013$748,672
46$836,255$528,551$455,887$754,074
47$867,287$500,184$416,893$758,994
48$899,775$468,718$374,884$763,401
49$933,814$433,947$329,704$767,268
50$969,506$395,653$281,192$770,563
51$1,006,962$353,607$229,179$773,258
52$1,046,304$307,566$173,489$775,323
53$1,087,663$257,272$113,936$776,731
54$1,131,181$202,455$50,330$777,456
55$1,177,015$142,828$0$777,472
56$1,225,332$78,089$0$779,004
57$1,276,319$7,918$0$786,807
58$1,330,175$0$0$794,441
59$1,387,120$0$0$825,874
60$1,447,393$0$0$862,120
61$1,511,256$0$0$900,552
62$1,578,994$0$0$941,344
63$1,650,920$0$0$984,689
64$1,727,374$0$0$1,030,795
65$1,808,730$0$0$1,079,893
66$1,895,398$0$0$1,132,234
67$1,987,824$0$0$1,188,092
68$2,086,500$0$0$1,247,769
69$2,191,961$0$0$1,311,596
70$2,304,798$0$0$1,379,935
71$2,425,655$0$0$1,453,183
72$2,555,242$0$0$1,531,776
73$2,694,335$0$0$1,616,192
74$2,843,787$0$0$1,706,956
75$3,004,534$0$0$1,804,644
76$3,177,604$0$0$1,909,889
77$3,364,124$0$0$2,023,386
78$3,565,336$0$0$2,145,898
79$3,782,600$0$0$2,278,265
80$4,017,414$0$0$2,421,407
81$4,271,422$0$0$2,576,339
82$4,546,432$0$0$2,744,175
83$4,844,432$0$0$2,926,139
84$5,167,607$0$0$3,123,578
85$5,518,361$0$0$3,337,973
86$5,899,337$0$0$3,570,954
87$6,313,442$0$0$3,824,313
88$6,763,876$0$0$4,100,022
89$7,254,159$0$0$4,400,251
90$7,788,161$0$0$4,727,387
91$8,370,145$0$0$5,084,057
92$9,004,801$0$0$5,473,154
93$9,697,290$0$0$5,897,860
94$10,453,293$0$0$6,361,680
95$11,279,066$0$0$6,868,469
96$12,181,493$0$0$7,422,475
97$13,168,155$0$0$8,028,372
98$14,247,397$0$0$8,691,307
99$15,428,408$0$0$9,416,950
100$16,721,307$0$0$10,211,541