Can I retire at age 40 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$50,538$50,088$49,649$49,220$48,802$47,430
2 years$25,019$24,553$24,101$23,664$23,239$21,867
3 years$16,514$16,046$15,595$15,162$14,744$13,415
4 years$12,262$11,795$11,349$10,923$10,515$9,240
5 years$9,711$9,248$8,808$8,390$7,994$6,775
6 years$8,012$7,551$7,118$6,709$6,325$5,165
7 years$6,798$6,342$5,915$5,516$5,144$4,041
8 years$5,888$5,436$5,016$4,627$4,267$3,222
9 years$5,181$4,733$4,321$3,942$3,594$2,605
10 years$4,615$4,172$3,767$3,398$3,062$2,128
11 years$4,153$3,714$3,316$2,957$2,633$1,753
12 years$3,768$3,333$2,943$2,594$2,282$1,454
13 years$3,443$3,012$2,629$2,290$1,990$1,212
14 years$3,164$2,738$2,363$2,033$1,744$1,015
15 years$2,922$2,501$2,133$1,813$1,536$852
16 years$2,711$2,295$1,934$1,623$1,357$718
17 years$2,525$2,114$1,760$1,458$1,204$606
18 years$2,360$1,953$1,606$1,314$1,070$513
19 years$2,213$1,810$1,471$1,188$954$435
20 years$2,080$1,682$1,350$1,076$852$369
21 years$1,960$1,567$1,241$976$762$314
22 years$1,851$1,463$1,144$888$683$267
23 years$1,752$1,368$1,056$808$614$227
24 years$1,661$1,282$977$737$551$194
25 years$1,578$1,203$905$673$496$165
26 years$1,501$1,130$839$616$447$141
27 years$1,430$1,064$779$563$403$120
28 years$1,364$1,002$725$516$364$102
29 years$1,303$946$674$473$328$88
30 years$1,246$893$628$434$297$75
31 years$1,193$844$585$399$268$64
32 years$1,143$799$546$367$243$55
33 years$1,096$757$510$337$220$47
34 years$1,052$717$477$310$199$40
35 years$1,011$680$446$286$180$34
36 years$972$645$417$263$163$29
37 years$935$613$390$242$148$25
38 years$901$583$365$223$134$21
39 years$868$554$342$206$122$18
40 years$837$527$321$190$110$16
41 years$807$502$301$175$100$13
42 years$779$478$282$162$91$11
43 years$753$455$265$149$82$10
44 years$727$434$249$138$75$8
45 years$703$414$233$127$68$7
46 years$680$395$219$118$62$6
47 years$658$377$206$109$56$5
48 years$637$360$194$100$51$4
49 years$617$343$182$93$46$4
50 years$598$328$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $612,000, adding $4,717 every year, while hoping to spend $39,141 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: 66/22/12 Blend
39$612,000$612,000$612,000$612,000
40$679,290$646,854$637,368$721,989
41$706,931$636,904$617,074$741,099
42$736,081$625,154$594,788$756,933
43$766,850$611,476$570,403$773,242
44$799,363$595,732$543,805$790,072
45$833,751$577,777$514,876$807,470
46$870,163$557,456$483,493$825,493
47$908,756$534,608$449,527$844,203
48$949,706$509,061$412,842$863,671
49$993,202$480,632$373,299$883,976
50$1,039,454$449,128$330,750$905,206
51$1,088,690$414,346$285,042$927,463
52$1,141,159$376,072$236,013$950,858
53$1,197,134$334,076$183,496$975,517
54$1,256,915$288,120$127,317$1,001,580
55$1,320,831$237,948$67,293$1,029,206
56$1,389,241$183,293$3,233$1,058,570
57$1,462,541$123,871$0$1,089,870
58$1,541,162$59,383$0$1,131,666
59$1,625,579$0$0$1,176,846
60$1,716,315$0$0$1,227,839
61$1,813,941$0$0$1,298,200
62$1,919,086$0$0$1,374,008
63$2,032,439$0$0$1,455,766
64$2,154,758$0$0$1,544,024
65$2,286,878$0$0$1,639,387
66$2,429,712$0$0$1,742,520
67$2,584,266$0$0$1,854,154
68$2,751,647$0$0$1,975,092
69$2,933,070$0$0$2,106,218
70$3,129,872$0$0$2,248,504
71$3,343,523$0$0$2,403,017
72$3,575,640$0$0$2,570,933
73$3,828,002$0$0$2,753,546
74$4,102,565$0$0$2,952,276
75$4,401,484$0$0$3,168,690
76$4,727,127$0$0$3,404,510
77$5,082,101$0$0$3,661,631
78$5,469,276$0$0$3,942,138
79$5,891,810$0$0$4,248,329
80$6,353,179$0$0$4,582,729
81$6,857,211$0$0$4,948,123
82$7,408,118$0$0$5,347,572
83$8,010,539$0$0$5,784,449
84$8,669,581$0$0$6,262,468
85$9,390,868$0$0$6,785,716
86$10,180,591$0$0$7,358,697
87$11,045,569$0$0$7,986,369
88$11,993,311$0$0$8,674,191
89$13,032,087$0$0$9,428,177
90$14,171,006$0$0$10,254,950
91$15,420,098$0$0$11,161,805
92$16,790,412$0$0$12,156,775
93$18,294,119$0$0$13,248,712
94$19,944,623$0$0$14,447,362
95$21,756,690$0$0$15,763,463
96$23,746,586$0$0$17,208,845
97$25,932,229$0$0$18,796,538
98$28,333,357$0$0$20,540,895
99$30,971,716$0$0$22,457,731
100$33,871,261$0$0$24,564,466