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%18.8%
1 years$50,538$50,088$49,649$49,220$48,802$47,070
2 years$25,019$24,553$24,101$23,664$23,239$21,513
3 years$16,514$16,046$15,595$15,162$14,744$13,077
4 years$12,262$11,795$11,349$10,923$10,515$8,922
5 years$9,711$9,248$8,808$8,390$7,994$6,476
6 years$8,012$7,551$7,118$6,709$6,325$4,886
7 years$6,798$6,342$5,915$5,516$5,144$3,782
8 years$5,888$5,436$5,016$4,627$4,267$2,982
9 years$5,181$4,733$4,321$3,942$3,594$2,383
10 years$4,615$4,172$3,767$3,398$3,062$1,924
11 years$4,153$3,714$3,316$2,957$2,633$1,566
12 years$3,768$3,333$2,943$2,594$2,282$1,282
13 years$3,443$3,012$2,629$2,290$1,990$1,055
14 years$3,164$2,738$2,363$2,033$1,744$871
15 years$2,922$2,501$2,133$1,813$1,536$722
16 years$2,711$2,295$1,934$1,623$1,357$600
17 years$2,525$2,114$1,760$1,458$1,204$500
18 years$2,360$1,953$1,606$1,314$1,070$417
19 years$2,213$1,810$1,471$1,188$954$348
20 years$2,080$1,682$1,350$1,076$852$292
21 years$1,960$1,567$1,241$976$762$244
22 years$1,851$1,463$1,144$888$683$205
23 years$1,752$1,368$1,056$808$614$172
24 years$1,661$1,282$977$737$551$144
25 years$1,578$1,203$905$673$496$121
26 years$1,501$1,130$839$616$447$102
27 years$1,430$1,064$779$563$403$85
28 years$1,364$1,002$725$516$364$72
29 years$1,303$946$674$473$328$60
30 years$1,246$893$628$434$297$51
31 years$1,193$844$585$399$268$43
32 years$1,143$799$546$367$243$36
33 years$1,096$757$510$337$220$30
34 years$1,052$717$477$310$199$25
35 years$1,011$680$446$286$180$21
36 years$972$645$417$263$163$18
37 years$935$613$390$242$148$15
38 years$901$583$365$223$134$13
39 years$868$554$342$206$122$11
40 years$837$527$321$190$110$9
41 years$807$502$301$175$100$8
42 years$779$478$282$162$91$6
43 years$753$455$265$149$82$5
44 years$727$434$249$138$75$5
45 years$703$414$233$127$68$4
46 years$680$395$219$118$62$3
47 years$658$377$206$109$56$3
48 years$637$360$194$100$51$2
49 years$617$343$182$93$46$2
50 years$598$328$171$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $612,000, adding $5,355 every year, while hoping to spend $21,961 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: 59/33/8 Blend
39$612,000$612,000$612,000$612,000
40$679,948$647,512$638,026$718,553
41$725,936$655,873$636,033$753,467
42$775,879$663,909$633,238$788,547
43$830,157$671,579$629,590$826,251
44$889,188$678,841$625,036$866,832
45$953,433$685,652$619,523$910,568
46$1,023,398$691,963$612,991$957,768
47$1,099,639$697,724$605,381$1,008,771
48$1,182,770$702,881$596,629$1,063,953
49$1,273,466$707,375$586,670$1,123,727
50$1,372,470$711,147$575,433$1,188,548
51$1,480,599$714,131$562,848$1,258,921
52$1,598,754$716,257$548,837$1,335,400
53$1,727,925$717,452$533,321$1,418,597
54$1,869,204$717,637$516,218$1,509,188
55$2,023,792$716,730$497,440$1,607,918
56$2,193,011$714,643$476,897$1,715,610
57$2,378,319$711,281$454,493$1,833,170
58$2,581,319$706,545$430,130$1,961,598
59$2,803,778$700,330$403,704$2,101,999
60$3,047,642$692,525$375,107$2,255,590
61$3,315,053$683,010$344,224$2,423,713
62$3,608,371$671,660$310,939$2,607,850
63$3,930,196$658,343$275,126$2,809,634
64$4,283,391$642,916$236,658$3,030,869
65$4,671,109$625,232$195,399$3,273,541
66$5,096,826$605,132$151,208$3,539,844
67$5,564,367$582,449$103,939$3,832,196
68$6,077,949$557,005$53,437$4,153,264
69$6,642,216$528,615$0$4,505,990
70$7,262,284$497,079$0$4,893,656
71$7,943,790$462,189$0$5,324,673
72$8,692,943$423,722$0$5,798,435
73$9,516,585$381,446$0$6,319,309
74$10,422,253$335,113$0$6,892,109
75$11,418,250$284,461$0$7,522,145
76$12,513,726$229,214$0$8,215,269
77$13,718,762$169,081$0$8,977,935
78$15,044,463$103,753$0$9,817,256
79$16,503,066$32,906$0$10,741,078
80$18,108,056$0$0$11,758,046
81$19,874,287$0$0$12,893,602
82$21,818,129$0$0$14,156,559
83$23,957,618$0$0$15,546,693
84$26,312,627$0$0$17,076,926
85$28,905,054$0$0$18,761,493
86$31,759,027$0$0$20,616,081
87$34,901,134$0$0$22,657,977
88$38,360,670$0$0$24,906,226
89$42,169,917$0$0$27,381,816
90$46,364,446$0$0$30,107,873
91$50,983,452$0$0$33,109,882
92$56,070,127$0$0$36,415,922
93$61,672,062$0$0$40,056,937
94$67,841,703$0$0$44,067,022
95$74,636,839$0$0$48,483,751
96$82,121,150$0$0$53,348,526
97$90,364,809$0$0$58,706,970
98$99,445,140$0$0$64,609,358
99$109,447,354$0$0$71,111,089
100$120,465,346$0$0$78,273,211