Can I retire at age 40 with 614,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.5%
1 years$50,704$50,252$49,811$49,381$48,961$48,653
2 years$25,101$24,633$24,180$23,741$23,315$23,004
3 years$16,568$16,098$15,646$15,211$14,792$14,488
4 years$12,302$11,834$11,386$10,959$10,550$10,255
5 years$9,743$9,278$8,836$8,417$8,020$7,735
6 years$8,038$7,576$7,141$6,731$6,346$6,071
7 years$6,820$6,362$5,934$5,534$5,161$4,897
8 years$5,907$5,454$5,033$4,643$4,281$4,028
9 years$5,198$4,748$4,335$3,954$3,606$3,363
10 years$4,631$4,186$3,779$3,409$3,072$2,840
11 years$4,167$3,726$3,327$2,967$2,642$2,421
12 years$3,780$3,344$2,953$2,602$2,290$2,078
13 years$3,454$3,022$2,638$2,297$1,997$1,795
14 years$3,174$2,747$2,370$2,039$1,750$1,558
15 years$2,932$2,510$2,140$1,819$1,541$1,359
16 years$2,720$2,303$1,940$1,628$1,362$1,189
17 years$2,534$2,121$1,766$1,463$1,208$1,043
18 years$2,368$1,959$1,612$1,319$1,074$918
19 years$2,220$1,816$1,475$1,191$957$810
20 years$2,087$1,688$1,354$1,079$855$715
21 years$1,967$1,572$1,246$979$765$633
22 years$1,857$1,467$1,148$890$686$561
23 years$1,758$1,372$1,060$811$616$498
24 years$1,667$1,286$980$740$553$443
25 years$1,583$1,207$908$675$498$394
26 years$1,506$1,134$842$618$448$351
27 years$1,435$1,067$782$565$404$313
28 years$1,368$1,006$727$518$365$279
29 years$1,307$949$676$475$329$249
30 years$1,250$896$630$436$298$222
31 years$1,196$847$587$400$269$198
32 years$1,146$801$548$368$243$177
33 years$1,100$759$512$338$220$158
34 years$1,056$719$478$311$199$142
35 years$1,014$682$447$287$181$127
36 years$975$648$418$264$164$113
37 years$938$615$391$243$148$101
38 years$904$585$367$224$134$91
39 years$871$556$343$207$122$81
40 years$839$529$322$191$111$73
41 years$810$503$302$176$100$65
42 years$782$479$283$162$91$58
43 years$755$457$266$150$83$52
44 years$730$435$249$138$75$47
45 years$705$415$234$128$68$42
46 years$682$396$220$118$62$38
47 years$660$378$207$109$56$34
48 years$639$361$194$101$51$30
49 years$619$345$182$93$46$27
50 years$599$329$172$86$42$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $614,000, adding $4,096 every year, while hoping to spend $55,538 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: 47/26/27 Blend
39$614,000$614,000$614,000$614,000
40$680,853$648,311$638,794$707,419
41$691,208$620,986$601,102$699,227
42$700,758$590,461$560,285$684,588
43$709,362$556,520$516,181$667,614
44$716,863$518,936$468,619$648,114
45$723,086$477,467$417,421$625,883
46$727,836$431,859$362,401$600,698
47$730,898$381,842$303,364$572,320
48$732,030$327,133$240,106$540,489
49$730,964$267,429$172,417$504,927
50$727,405$202,415$100,075$465,331
51$721,021$131,755$22,849$421,375
52$711,448$55,094$0$372,705
53$698,281$0$0$336,100
54$681,069$0$0$310,122
55$659,317$0$0$297,512
56$632,472$0$0$282,223
57$599,925$0$0$263,937
58$561,001$0$0$242,302
59$514,952$0$0$216,932
60$460,954$0$0$187,396
61$398,093$0$0$153,220
62$325,359$0$0$113,880
63$241,635$0$0$68,795
64$145,690$0$0$17,326
65$36,158$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0