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%13.4%
1 years$50,456$50,006$49,568$49,140$48,722$48,034
2 years$24,978$24,513$24,062$23,625$23,201$22,509
3 years$16,487$16,019$15,570$15,137$14,720$14,045
4 years$12,242$11,776$11,331$10,905$10,498$9,847
5 years$9,696$9,233$8,793$8,376$7,981$7,354
6 years$7,999$7,539$7,106$6,699$6,315$5,713
7 years$6,787$6,331$5,905$5,507$5,136$4,560
8 years$5,879$5,427$5,008$4,620$4,260$3,711
9 years$5,172$4,725$4,314$3,935$3,588$3,063
10 years$4,608$4,165$3,761$3,392$3,057$2,558
11 years$4,146$3,708$3,311$2,952$2,629$2,154
12 years$3,762$3,328$2,938$2,589$2,278$1,827
13 years$3,437$3,008$2,625$2,286$1,987$1,559
14 years$3,159$2,734$2,359$2,029$1,742$1,337
15 years$2,918$2,497$2,130$1,810$1,533$1,150
16 years$2,707$2,291$1,931$1,620$1,355$994
17 years$2,521$2,110$1,757$1,456$1,202$860
18 years$2,356$1,950$1,604$1,312$1,068$747
19 years$2,209$1,807$1,468$1,186$952$650
20 years$2,077$1,679$1,347$1,074$851$566
21 years$1,957$1,564$1,239$975$761$494
22 years$1,848$1,460$1,142$886$682$432
23 years$1,749$1,366$1,055$807$613$378
24 years$1,659$1,280$975$736$551$331
25 years$1,575$1,201$903$672$495$290
26 years$1,498$1,129$838$615$446$254
27 years$1,428$1,062$778$563$402$223
28 years$1,362$1,001$723$515$363$196
29 years$1,301$944$673$473$328$172
30 years$1,244$892$627$434$296$151
31 years$1,191$843$585$398$268$133
32 years$1,141$798$545$366$242$117
33 years$1,094$755$509$337$219$103
34 years$1,050$716$476$310$198$91
35 years$1,009$679$445$285$180$80
36 years$970$644$416$263$163$70
37 years$934$612$389$242$148$62
38 years$899$582$365$223$134$55
39 years$866$553$342$206$121$48
40 years$835$526$320$190$110$42
41 years$806$501$300$175$100$37
42 years$778$477$282$162$91$33
43 years$751$455$264$149$82$29
44 years$726$433$248$138$75$26
45 years$702$413$233$127$68$23
46 years$679$394$219$117$62$20
47 years$657$376$206$109$56$17
48 years$636$359$193$100$51$15
49 years$616$343$182$93$46$14
50 years$597$328$171$86$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $611,000, adding $4,755 every year, while hoping to spend $53,329 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: 43/27/30 Blend
39$611,000$611,000$611,000$611,000
40$678,227$645,844$636,373$701,285
41$690,664$620,748$600,950$693,227
42$702,583$592,636$562,553$679,128
43$713,874$561,303$521,026$662,851
44$724,415$526,532$476,206$644,229
45$734,069$488,096$427,923$623,080
46$742,684$445,753$375,999$599,206
47$750,091$399,249$320,248$572,399
48$756,101$348,312$260,477$542,433
49$760,503$292,659$196,482$509,064
50$763,064$231,988$128,053$472,031
51$763,522$165,982$54,969$431,052
52$761,590$94,304$0$385,824
53$756,947$16,600$0$343,391
54$749,237$0$0$315,287
55$738,066$0$0$303,654
56$722,997$0$0$295,061
57$703,544$0$0$284,346
58$679,171$0$0$271,252
59$649,283$0$0$255,496
60$613,224$0$0$236,765
61$570,265$0$0$214,713
62$519,600$0$0$188,957
63$460,339$0$0$159,072
64$391,497$0$0$124,590
65$311,986$0$0$84,994
66$220,603$0$0$39,711
67$116,017$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$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