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%15.9%
1 years$50,704$50,252$49,811$49,381$48,961$47,778
2 years$25,101$24,633$24,180$23,741$23,315$22,130
3 years$16,568$16,098$15,646$15,211$14,792$13,642
4 years$12,302$11,834$11,386$10,959$10,550$9,444
5 years$9,743$9,278$8,836$8,417$8,020$6,961
6 years$8,038$7,576$7,141$6,731$6,346$5,335
7 years$6,820$6,362$5,934$5,534$5,161$4,199
8 years$5,907$5,454$5,033$4,643$4,281$3,367
9 years$5,198$4,748$4,335$3,954$3,606$2,739
10 years$4,631$4,186$3,779$3,409$3,072$2,252
11 years$4,167$3,726$3,327$2,967$2,642$1,867
12 years$3,780$3,344$2,953$2,602$2,290$1,558
13 years$3,454$3,022$2,638$2,297$1,997$1,308
14 years$3,174$2,747$2,370$2,039$1,750$1,102
15 years$2,932$2,510$2,140$1,819$1,541$933
16 years$2,720$2,303$1,940$1,628$1,362$791
17 years$2,534$2,121$1,766$1,463$1,208$673
18 years$2,368$1,959$1,612$1,319$1,074$574
19 years$2,220$1,816$1,475$1,191$957$490
20 years$2,087$1,688$1,354$1,079$855$419
21 years$1,967$1,572$1,246$979$765$359
22 years$1,857$1,467$1,148$890$686$308
23 years$1,758$1,372$1,060$811$616$264
24 years$1,667$1,286$980$740$553$227
25 years$1,583$1,207$908$675$498$195
26 years$1,506$1,134$842$618$448$167
27 years$1,435$1,067$782$565$404$144
28 years$1,368$1,006$727$518$365$124
29 years$1,307$949$676$475$329$107
30 years$1,250$896$630$436$298$92
31 years$1,196$847$587$400$269$79
32 years$1,146$801$548$368$243$68
33 years$1,100$759$512$338$220$59
34 years$1,056$719$478$311$199$51
35 years$1,014$682$447$287$181$44
36 years$975$648$418$264$164$38
37 years$938$615$391$243$148$32
38 years$904$585$367$224$134$28
39 years$871$556$343$207$122$24
40 years$839$529$322$191$111$21
41 years$810$503$302$176$100$18
42 years$782$479$283$162$91$15
43 years$755$457$266$150$83$13
44 years$730$435$249$138$75$12
45 years$705$415$234$128$68$10
46 years$682$396$220$118$62$9
47 years$660$378$207$109$56$7
48 years$639$361$194$101$51$6
49 years$619$345$182$93$46$6
50 years$599$329$172$86$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $614,000, adding $5,418 every year, while hoping to spend $33,040 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: 70/15/15 Blend
39$614,000$614,000$614,000$614,000
40$682,217$649,675$640,158$727,260
41$716,648$646,354$626,449$754,587
42$753,485$641,764$611,173$780,005
43$792,936$635,807$594,243$806,971
44$835,234$628,379$575,568$835,635
45$880,630$619,372$555,052$866,157
46$929,403$608,670$532,596$898,721
47$981,858$596,151$508,093$933,525
48$1,038,330$581,684$481,437$970,790
49$1,099,186$565,133$452,511$1,010,760
50$1,164,830$546,351$421,197$1,053,707
51$1,235,705$525,186$387,370$1,099,929
52$1,312,300$501,473$350,900$1,149,756
53$1,395,150$475,040$311,650$1,203,553
54$1,484,844$445,706$269,479$1,261,724
55$1,582,030$413,277$224,238$1,324,716
56$1,687,419$377,550$175,772$1,393,021
57$1,801,794$338,308$123,920$1,467,185
58$1,926,017$295,325$68,511$1,547,810
59$2,061,035$248,360$9,370$1,635,561
60$2,207,889$197,158$0$1,731,174
61$2,367,726$141,451$0$1,844,064
62$2,541,807$80,956$0$1,968,684
63$2,731,521$15,372$0$2,104,558
64$2,938,394$0$0$2,252,814
65$3,164,109$0$0$2,423,877
66$3,410,516$0$0$2,613,422
67$3,679,651$0$0$2,820,484
68$3,973,759$0$0$3,046,791
69$4,295,307$0$0$3,294,248
70$4,647,013$0$0$3,564,952
71$5,031,872$0$0$3,861,210
72$5,453,179$0$0$4,185,564
73$5,914,563$0$0$4,540,813
74$6,420,020$0$0$4,930,040
75$6,973,953$0$0$5,356,639
76$7,581,208$0$0$5,824,349
77$8,247,124$0$0$6,337,287
78$8,977,581$0$0$6,899,989
79$9,779,057$0$0$7,517,450
80$10,658,685$0$0$8,195,172
81$11,624,322$0$0$8,939,216
82$12,684,626$0$0$9,756,260
83$13,849,132$0$0$10,653,657
84$15,128,344$0$0$11,639,509
85$16,533,833$0$0$12,722,743
86$18,078,347$0$0$13,913,191
87$19,775,931$0$0$15,221,685
88$21,642,057$0$0$16,660,160
89$23,693,771$0$0$18,241,764
90$25,949,852$0$0$19,980,983
91$28,430,992$0$0$21,893,778
92$31,159,987$0$0$23,997,731
93$34,161,954$0$0$26,312,218
94$37,464,567$0$0$28,858,584
95$41,098,317$0$0$31,660,348
96$45,096,798$0$0$34,743,425
97$49,497,028$0$0$38,136,369
98$54,339,793$0$0$41,870,640
99$59,670,032$0$0$45,980,904
100$65,537,265$0$0$50,505,358