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%18.9%
1 years$50,373$49,925$49,487$49,059$48,642$46,898
2 years$24,937$24,473$24,023$23,586$23,163$21,424
3 years$16,460$15,993$15,544$15,112$14,696$13,017
4 years$12,222$11,757$11,312$10,887$10,481$8,876
5 years$9,680$9,217$8,779$8,363$7,967$6,440
6 years$7,985$7,527$7,095$6,688$6,304$4,856
7 years$6,776$6,321$5,896$5,498$5,127$3,757
8 years$5,869$5,418$5,000$4,612$4,253$2,960
9 years$5,164$4,718$4,306$3,929$3,582$2,364
10 years$4,600$4,158$3,754$3,387$3,052$1,907
11 years$4,140$3,702$3,305$2,947$2,625$1,551
12 years$3,756$3,323$2,933$2,585$2,275$1,269
13 years$3,431$3,003$2,621$2,282$1,984$1,044
14 years$3,153$2,729$2,355$2,026$1,739$862
15 years$2,913$2,493$2,126$1,807$1,531$714
16 years$2,703$2,288$1,928$1,618$1,353$593
17 years$2,517$2,107$1,754$1,454$1,200$493
18 years$2,353$1,947$1,601$1,310$1,067$411
19 years$2,205$1,804$1,466$1,184$951$343
20 years$2,073$1,677$1,345$1,072$849$287
21 years$1,954$1,562$1,237$973$760$240
22 years$1,845$1,458$1,140$885$681$201
23 years$1,746$1,363$1,053$806$612$169
24 years$1,656$1,277$974$735$550$141
25 years$1,573$1,199$902$671$495$119
26 years$1,496$1,127$837$614$446$99
27 years$1,425$1,060$777$562$402$84
28 years$1,360$999$722$515$362$70
29 years$1,299$943$672$472$327$59
30 years$1,242$890$626$433$296$49
31 years$1,189$841$584$398$267$42
32 years$1,139$796$544$366$242$35
33 years$1,092$754$508$336$219$29
34 years$1,049$715$475$309$198$25
35 years$1,008$678$444$285$179$21
36 years$969$643$415$262$163$17
37 years$932$611$389$242$147$15
38 years$898$581$364$223$134$12
39 years$865$552$341$205$121$10
40 years$834$525$320$189$110$9
41 years$805$500$300$175$100$7
42 years$777$476$281$161$90$6
43 years$750$454$264$149$82$5
44 years$725$433$248$137$75$4
45 years$701$412$233$127$68$4
46 years$678$394$218$117$61$3
47 years$656$376$205$108$56$3
48 years$635$358$193$100$51$2
49 years$615$342$181$93$46$2
50 years$596$327$170$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $610,000, adding $3,469 every year, while hoping to spend $38,338 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: 50/28/22 Blend
39$610,000$610,000$610,000$610,000
40$675,798$643,468$634,013$705,262
41$703,938$634,207$614,461$716,800
42$733,664$623,207$592,970$725,154
43$765,096$610,342$569,432$733,438
44$798,367$595,480$543,740$741,662
45$833,621$578,480$515,776$749,837
46$871,017$559,192$485,421$757,980
47$910,726$537,458$452,548$766,110
48$952,939$513,111$417,027$774,253
49$997,860$485,975$378,719$782,440
50$1,045,717$455,863$337,481$790,706
51$1,096,756$422,577$293,162$799,098
52$1,151,249$385,907$245,607$807,667
53$1,209,494$345,633$194,652$816,475
54$1,271,814$301,522$140,125$825,594
55$1,338,569$253,326$81,849$835,108
56$1,410,149$200,785$19,637$845,114
57$1,486,984$143,623$0$855,724
58$1,569,546$81,550$0$878,041
59$1,658,352$14,258$0$906,870
60$1,753,970$0$0$937,814
61$1,857,026$0$0$989,165
62$1,968,204$0$0$1,049,351
63$2,088,257$0$0$1,114,394
64$2,218,014$0$0$1,184,749
65$2,358,384$0$0$1,260,915
66$2,510,367$0$0$1,343,443
67$2,675,062$0$0$1,432,937
68$2,853,678$0$0$1,530,062
69$3,047,544$0$0$1,635,550
70$3,258,122$0$0$1,750,204
71$3,487,021$0$0$1,874,909
72$3,736,009$0$0$2,010,638
73$4,007,034$0$0$2,158,464
74$4,302,237$0$0$2,319,564
75$4,623,974$0$0$2,495,236
76$4,974,841$0$0$2,686,908
77$5,357,691$0$0$2,896,150
78$5,775,668$0$0$3,124,693
79$6,232,230$0$0$3,374,441
80$6,731,186$0$0$3,647,491
81$7,276,729$0$0$3,946,151
82$7,873,474$0$0$4,272,963
83$8,526,505$0$0$4,630,726
84$9,241,418$0$0$5,022,520
85$10,024,376$0$0$5,451,741
86$10,882,166$0$0$5,922,125
87$11,822,263$0$0$6,437,789
88$12,852,898$0$0$7,003,266
89$13,983,139$0$0$7,623,550
90$15,222,970$0$0$8,304,141
91$16,583,390$0$0$9,051,095
92$18,076,516$0$0$9,871,087
93$19,715,691$0$0$10,771,467
94$21,515,616$0$0$11,760,332
95$23,492,485$0$0$12,846,601
96$25,664,136$0$0$14,040,101
97$28,050,221$0$0$15,351,658
98$30,672,390$0$0$16,793,196
99$33,554,492$0$0$18,377,855
100$36,722,806$0$0$20,120,110