Can I retire at age 40 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$50,704$50,252$49,811$49,381$48,961$48,091
2 years$25,101$24,633$24,180$23,741$23,315$22,441
3 years$16,568$16,098$15,646$15,211$14,792$13,942
4 years$12,302$11,834$11,386$10,959$10,550$9,730
5 years$9,743$9,278$8,836$8,417$8,020$7,232
6 years$8,038$7,576$7,141$6,731$6,346$5,592
7 years$6,820$6,362$5,934$5,534$5,161$4,440
8 years$5,907$5,454$5,033$4,643$4,281$3,594
9 years$5,198$4,748$4,335$3,954$3,606$2,952
10 years$4,631$4,186$3,779$3,409$3,072$2,451
11 years$4,167$3,726$3,327$2,967$2,642$2,053
12 years$3,780$3,344$2,953$2,602$2,290$1,731
13 years$3,454$3,022$2,638$2,297$1,997$1,468
14 years$3,174$2,747$2,370$2,039$1,750$1,251
15 years$2,932$2,510$2,140$1,819$1,541$1,070
16 years$2,720$2,303$1,940$1,628$1,362$919
17 years$2,534$2,121$1,766$1,463$1,208$790
18 years$2,368$1,959$1,612$1,319$1,074$682
19 years$2,220$1,816$1,475$1,191$957$589
20 years$2,087$1,688$1,354$1,079$855$510
21 years$1,967$1,572$1,246$979$765$442
22 years$1,857$1,467$1,148$890$686$384
23 years$1,758$1,372$1,060$811$616$333
24 years$1,667$1,286$980$740$553$290
25 years$1,583$1,207$908$675$498$252
26 years$1,506$1,134$842$618$448$220
27 years$1,435$1,067$782$565$404$191
28 years$1,368$1,006$727$518$365$167
29 years$1,307$949$676$475$329$146
30 years$1,250$896$630$436$298$127
31 years$1,196$847$587$400$269$111
32 years$1,146$801$548$368$243$97
33 years$1,100$759$512$338$220$85
34 years$1,056$719$478$311$199$74
35 years$1,014$682$447$287$181$65
36 years$975$648$418$264$164$56
37 years$938$615$391$243$148$49
38 years$904$585$367$224$134$43
39 years$871$556$343$207$122$38
40 years$839$529$322$191$111$33
41 years$810$503$302$176$100$29
42 years$782$479$283$162$91$25
43 years$755$457$266$150$83$22
44 years$730$435$249$138$75$19
45 years$705$415$234$128$68$17
46 years$682$396$220$118$62$15
47 years$660$378$207$109$56$13
48 years$639$361$194$101$51$11
49 years$619$345$182$93$46$10
50 years$599$329$172$86$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $614,000, adding $6,645 every year, while hoping to spend $45,061 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: 48/33/19 Blend
39$614,000$614,000$614,000$614,000
40$683,482$650,940$641,423$712,334
41$705,253$634,892$614,966$717,017
42$727,734$616,547$586,113$717,000
43$750,950$595,745$554,735$716,029
44$774,928$572,317$520,699$714,034
45$799,693$546,083$483,866$710,938
46$825,275$516,855$444,088$706,663
47$851,703$484,430$401,215$701,125
48$879,007$448,598$355,086$694,236
49$907,220$409,133$305,536$685,902
50$936,375$365,799$252,390$676,025
51$966,507$318,345$195,467$664,502
52$997,653$266,507$134,577$651,223
53$1,029,852$210,004$69,524$636,073
54$1,063,144$148,541$100$618,931
55$1,097,572$81,807$0$599,669
56$1,133,180$9,471$0$593,152
57$1,170,015$0$0$585,236
58$1,208,126$0$0$600,788
59$1,247,566$0$0$620,445
60$1,288,390$0$0$640,796
61$1,330,655$0$0$661,870
62$1,374,423$0$0$683,699
63$1,419,759$0$0$706,315
64$1,466,731$0$0$729,754
65$1,515,412$0$0$754,052
66$1,565,879$0$0$779,250
67$1,618,215$0$0$805,389
68$1,672,506$0$0$832,514
69$1,728,846$0$0$860,672
70$1,787,334$0$0$889,914
71$1,848,075$0$0$920,295
72$1,911,182$0$0$951,872
73$1,976,776$0$0$984,708
74$2,044,986$0$0$1,018,869
75$2,115,951$0$0$1,054,427
76$2,189,819$0$0$1,091,459
77$2,266,750$0$0$1,130,046
78$2,346,916$0$0$1,170,277
79$2,430,500$0$0$1,212,249
80$2,517,703$0$0$1,256,064
81$2,608,737$0$0$1,301,833
82$2,703,836$0$0$1,349,677
83$2,803,248$0$0$1,399,724
84$2,907,244$0$0$1,452,117
85$3,016,117$0$0$1,507,007
86$3,130,184$0$0$1,564,559
87$3,249,787$0$0$1,624,953
88$3,375,301$0$0$1,688,381
89$3,507,129$0$0$1,755,057
90$3,645,711$0$0$1,825,209
91$3,791,525$0$0$1,899,087
92$3,945,092$0$0$1,976,964
93$4,106,978$0$0$2,059,136
94$4,277,800$0$0$2,145,925
95$4,458,231$0$0$2,237,685
96$4,649,006$0$0$2,334,800
97$4,850,924$0$0$2,437,690
98$5,064,861$0$0$2,546,814
99$5,291,772$0$0$2,662,674
100$5,532,703$0$0$2,785,818