Can I retire at age 40 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$50,621$50,170$49,730$49,301$48,881$47,855
2 years$25,060$24,593$24,141$23,702$23,277$22,248
3 years$16,541$16,072$15,621$15,186$14,768$13,768
4 years$12,282$11,815$11,368$10,941$10,533$9,570
5 years$9,727$9,263$8,822$8,404$8,007$7,084
6 years$8,025$7,564$7,129$6,720$6,335$5,453
7 years$6,809$6,352$5,925$5,525$5,152$4,311
8 years$5,898$5,445$5,025$4,635$4,274$3,474
9 years$5,189$4,741$4,328$3,948$3,600$2,839
10 years$4,623$4,179$3,773$3,403$3,067$2,345
11 years$4,160$3,720$3,322$2,962$2,638$1,955
12 years$3,774$3,339$2,948$2,598$2,286$1,640
13 years$3,448$3,017$2,634$2,294$1,993$1,384
14 years$3,169$2,743$2,366$2,036$1,747$1,173
15 years$2,927$2,506$2,137$1,816$1,538$998
16 years$2,716$2,299$1,937$1,626$1,360$851
17 years$2,530$2,117$1,763$1,461$1,206$728
18 years$2,364$1,956$1,609$1,316$1,072$625
19 years$2,216$1,813$1,473$1,190$955$537
20 years$2,083$1,685$1,352$1,077$853$462
21 years$1,963$1,569$1,243$978$764$398
22 years$1,854$1,465$1,146$889$685$343
23 years$1,755$1,370$1,058$810$615$296
24 years$1,664$1,284$979$738$552$256
25 years$1,580$1,205$906$674$497$221
26 years$1,503$1,132$841$617$448$192
27 years$1,432$1,066$781$564$404$166
28 years$1,366$1,004$726$517$364$144
29 years$1,305$947$675$474$329$124
30 years$1,248$895$629$435$297$108
31 years$1,194$846$586$400$269$94
32 years$1,145$800$547$367$243$81
33 years$1,098$758$511$338$220$70
34 years$1,054$718$477$311$199$61
35 years$1,013$681$446$286$180$53
36 years$974$647$417$263$163$46
37 years$937$614$391$243$148$40
38 years$902$584$366$224$134$35
39 years$869$555$343$206$122$30
40 years$838$528$321$190$110$26
41 years$809$503$301$176$100$23
42 years$780$479$283$162$91$20
43 years$754$456$265$150$83$17
44 years$728$435$249$138$75$15
45 years$704$415$234$128$68$13
46 years$681$395$220$118$62$11
47 years$659$377$206$109$56$10
48 years$638$360$194$101$51$8
49 years$618$344$182$93$46$7
50 years$599$329$171$86$42$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $613,000, adding $3,879 every year, while hoping to spend $33,018 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: 52/29/19 Blend
39$613,000$613,000$613,000$613,000
40$679,527$647,038$637,537$711,127
41$713,708$643,612$623,763$729,848
42$750,269$638,912$608,422$746,438
43$789,417$632,839$591,425$763,770
44$831,381$625,292$572,681$781,928
45$876,411$616,160$552,095$801,001
46$924,781$605,328$529,567$821,092
47$976,793$592,674$504,991$842,316
48$1,032,777$578,066$478,259$864,802
49$1,093,096$561,367$449,257$888,694
50$1,158,150$542,432$417,865$914,152
51$1,228,376$521,106$383,958$941,357
52$1,304,257$497,226$347,407$970,508
53$1,386,320$470,619$308,074$1,001,831
54$1,475,149$441,103$265,819$1,035,575
55$1,571,381$408,485$220,491$1,072,019
56$1,675,722$372,560$171,937$1,111,473
57$1,788,942$333,113$119,994$1,154,282
58$1,911,894$289,915$64,494$1,200,833
59$2,045,512$242,726$5,259$1,251,552
60$2,190,825$191,290$0$1,306,916
61$2,348,965$135,339$0$1,379,204
62$2,521,177$74,589$0$1,459,155
63$2,708,833$8,739$0$1,546,397
64$2,913,440$0$0$1,641,696
65$3,136,659$0$0$1,765,857
66$3,380,317$0$0$1,904,487
67$3,646,424$0$0$2,055,952
68$3,937,197$0$0$2,221,518
69$4,255,071$0$0$2,402,581
70$4,602,731$0$0$2,600,678
71$4,983,133$0$0$2,817,502
72$5,399,529$0$0$3,054,916
73$5,855,504$0$0$3,314,972
74$6,355,003$0$0$3,599,930
75$6,902,370$0$0$3,912,279
76$7,502,393$0$0$4,254,760
77$8,160,342$0$0$4,630,391
78$8,882,021$0$0$5,042,500
79$9,673,826$0$0$5,494,747
80$10,542,799$0$0$5,991,168
81$11,496,697$0$0$6,536,206
82$12,544,067$0$0$7,134,757
83$13,694,322$0$0$7,792,214
84$14,957,831$0$0$8,514,517
85$16,346,020$0$0$9,308,212
86$17,871,472$0$0$10,180,507
87$19,548,052$0$0$11,139,347
88$21,391,035$0$0$12,193,482
89$23,417,248$0$0$13,352,554
90$25,645,230$0$0$14,627,183
91$28,095,409$0$0$16,029,074
92$30,790,289$0$0$17,571,120
93$33,754,665$0$0$19,267,528
94$37,015,855$0$0$21,133,951
95$40,603,961$0$0$23,187,634
96$44,552,147$0$0$25,447,581
97$48,896,956$0$0$27,934,728
98$53,678,650$0$0$30,672,147
99$58,941,594$0$0$33,685,257
100$64,734,672$0$0$37,002,067