Can I retire at age 40 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$50,456$50,006$49,568$49,140$48,722$46,882
2 years$24,978$24,513$24,062$23,625$23,201$21,368
3 years$16,487$16,019$15,570$15,137$14,720$12,952
4 years$12,242$11,776$11,331$10,905$10,498$8,809
5 years$9,696$9,233$8,793$8,376$7,981$6,375
6 years$7,999$7,539$7,106$6,699$6,315$4,793
7 years$6,787$6,331$5,905$5,507$5,136$3,698
8 years$5,879$5,427$5,008$4,620$4,260$2,905
9 years$5,172$4,725$4,314$3,935$3,588$2,313
10 years$4,608$4,165$3,761$3,392$3,057$1,860
11 years$4,146$3,708$3,311$2,952$2,629$1,508
12 years$3,762$3,328$2,938$2,589$2,278$1,230
13 years$3,437$3,008$2,625$2,286$1,987$1,008
14 years$3,159$2,734$2,359$2,029$1,742$829
15 years$2,918$2,497$2,130$1,810$1,533$684
16 years$2,707$2,291$1,931$1,620$1,355$566
17 years$2,521$2,110$1,757$1,456$1,202$469
18 years$2,356$1,950$1,604$1,312$1,068$390
19 years$2,209$1,807$1,468$1,186$952$324
20 years$2,077$1,679$1,347$1,074$851$270
21 years$1,957$1,564$1,239$975$761$225
22 years$1,848$1,460$1,142$886$682$188
23 years$1,749$1,366$1,055$807$613$157
24 years$1,659$1,280$975$736$551$131
25 years$1,575$1,201$903$672$495$109
26 years$1,498$1,129$838$615$446$91
27 years$1,428$1,062$778$563$402$76
28 years$1,362$1,001$723$515$363$64
29 years$1,301$944$673$473$328$53
30 years$1,244$892$627$434$296$45
31 years$1,191$843$585$398$268$37
32 years$1,141$798$545$366$242$31
33 years$1,094$755$509$337$219$26
34 years$1,050$716$476$310$198$22
35 years$1,009$679$445$285$180$18
36 years$970$644$416$263$163$15
37 years$934$612$389$242$148$13
38 years$899$582$365$223$134$11
39 years$866$553$342$206$121$9
40 years$835$526$320$190$110$8
41 years$806$501$300$175$100$6
42 years$778$477$282$162$91$5
43 years$751$455$264$149$82$4
44 years$726$433$248$138$75$4
45 years$702$413$233$127$68$3
46 years$679$394$219$117$62$3
47 years$657$376$206$109$56$2
48 years$636$359$193$100$51$2
49 years$616$343$182$93$46$2
50 years$597$328$171$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $611,000, adding $2,736 every year, while hoping to spend $36,914 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: 57/36/7 Blend
39$611,000$611,000$611,000$611,000
40$676,144$643,761$634,291$713,490
41$705,835$636,029$616,263$731,205
42$737,316$626,681$596,395$746,109
43$770,733$615,599$574,584$761,436
44$806,242$602,657$550,727$777,230
45$844,015$587,724$524,712$793,542
46$884,240$570,658$496,426$810,427
47$927,123$551,311$465,747$827,951
48$972,890$529,526$432,550$846,187
49$1,021,789$505,136$396,704$865,218
50$1,074,089$477,966$358,072$885,138
51$1,130,088$447,828$316,509$906,054
52$1,190,113$414,527$271,868$928,084
53$1,254,519$377,854$223,990$951,363
54$1,323,700$337,589$172,714$976,043
55$1,398,086$293,499$117,868$1,002,295
56$1,478,149$245,339$59,275$1,030,309
57$1,564,409$192,849$0$1,060,300
58$1,657,435$135,755$0$1,092,753
59$1,757,854$73,767$0$1,132,433
60$1,866,353$6,580$0$1,175,225
61$1,983,689$0$0$1,221,483
62$2,110,692$0$0$1,297,797
63$2,248,277$0$0$1,383,337
64$2,397,448$0$0$1,476,127
65$2,559,310$0$0$1,576,860
66$2,735,077$0$0$1,686,298
67$2,926,085$0$0$1,805,279
68$3,133,806$0$0$1,934,726
69$3,359,856$0$0$2,075,654
70$3,606,015$0$0$2,229,180
71$3,874,240$0$0$2,396,532
72$4,166,688$0$0$2,579,064
73$4,485,729$0$0$2,778,263
74$4,833,975$0$0$2,995,769
75$5,214,299$0$0$3,233,386
76$5,629,865$0$0$3,493,099
77$6,084,155$0$0$3,777,094
78$6,581,004$0$0$4,087,780
79$7,124,634$0$0$4,427,807
80$7,719,694$0$0$4,800,093
81$8,371,304$0$0$5,207,852
82$9,085,099$0$0$5,654,625
83$9,867,289$0$0$6,144,309
84$10,724,712$0$0$6,681,198
85$11,664,896$0$0$7,270,020
86$12,696,137$0$0$7,915,982
87$13,827,569$0$0$8,624,822
88$15,069,254$0$0$9,402,859
89$16,432,277$0$0$10,257,051
90$17,928,845$0$0$11,195,067
91$19,572,409$0$0$12,225,352
92$21,377,782$0$0$13,357,210
93$23,361,287$0$0$14,600,892
94$25,540,903$0$0$15,967,688
95$27,936,439$0$0$17,470,039
96$30,569,715$0$0$19,121,649
97$33,464,773$0$0$20,937,618
98$36,648,102$0$0$22,934,582
99$40,148,882$0$0$25,130,867
100$43,999,267$0$0$27,546,667