Can I retire at age 40 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$50,786$50,334$49,892$49,462$49,041$47,605
2 years$25,142$24,673$24,220$23,780$23,353$21,917
3 years$16,595$16,124$15,672$15,236$14,816$13,426
4 years$12,322$11,853$11,405$10,977$10,567$9,234
5 years$9,759$9,293$8,851$8,431$8,033$6,760
6 years$8,051$7,588$7,153$6,742$6,356$5,145
7 years$6,831$6,373$5,944$5,543$5,169$4,019
8 years$5,917$5,463$5,041$4,650$4,288$3,199
9 years$5,206$4,756$4,342$3,961$3,611$2,581
10 years$4,638$4,192$3,785$3,414$3,077$2,105
11 years$4,173$3,732$3,332$2,971$2,646$1,731
12 years$3,787$3,350$2,957$2,606$2,293$1,432
13 years$3,459$3,027$2,642$2,301$2,000$1,192
14 years$3,179$2,752$2,374$2,043$1,753$995
15 years$2,937$2,514$2,144$1,822$1,544$834
16 years$2,725$2,306$1,943$1,631$1,364$702
17 years$2,538$2,124$1,768$1,466$1,210$591
18 years$2,372$1,963$1,614$1,321$1,075$499
19 years$2,224$1,819$1,478$1,193$959$422
20 years$2,090$1,690$1,356$1,081$856$357
21 years$1,970$1,574$1,248$981$766$303
22 years$1,860$1,470$1,150$892$687$257
23 years$1,761$1,375$1,062$812$617$218
24 years$1,669$1,288$982$741$554$186
25 years$1,586$1,209$909$677$499$158
26 years$1,508$1,136$843$619$449$134
27 years$1,437$1,069$783$566$405$114
28 years$1,371$1,007$728$519$365$97
29 years$1,309$950$678$476$330$83
30 years$1,252$897$631$437$298$71
31 years$1,198$848$588$401$270$60
32 years$1,148$803$549$369$244$51
33 years$1,101$760$513$339$221$44
34 years$1,057$721$479$312$200$37
35 years$1,016$683$448$287$181$32
36 years$977$649$419$264$164$27
37 years$940$616$392$244$149$23
38 years$905$585$367$225$135$20
39 years$872$557$344$207$122$17
40 years$841$530$322$191$111$14
41 years$811$504$302$176$101$12
42 years$783$480$284$163$91$10
43 years$756$458$266$150$83$9
44 years$731$436$250$139$75$8
45 years$706$416$235$128$68$6
46 years$683$397$220$118$62$6
47 years$661$379$207$109$56$5
48 years$640$361$194$101$51$4
49 years$620$345$183$93$46$3
50 years$600$330$172$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $615,000, adding $2,960 every year, while hoping to spend $31,268 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: 56/29/15 Blend
39$615,000$615,000$615,000$615,000
40$680,783$648,188$638,656$716,085
41$716,954$646,681$626,782$738,881
42$755,767$644,051$613,462$760,048
43$797,457$640,212$598,615$782,389
44$842,285$635,069$582,156$806,022
45$890,535$628,524$563,995$831,079
46$942,520$620,473$544,040$857,708
47$998,584$610,803$522,192$886,071
48$1,059,104$599,397$498,350$916,349
49$1,124,495$586,129$472,407$948,745
50$1,195,213$570,869$444,252$983,482
51$1,271,758$553,476$413,768$1,020,809
52$1,354,682$533,801$380,834$1,061,001
53$1,444,591$511,688$345,323$1,104,366
54$1,542,150$486,971$307,102$1,151,243
55$1,648,091$459,475$266,032$1,202,010
56$1,763,220$429,013$221,968$1,257,084
57$1,888,424$395,390$174,759$1,316,931
58$2,024,678$358,399$124,248$1,382,063
59$2,173,054$317,819$70,269$1,453,051
60$2,334,732$273,419$12,650$1,530,527
61$2,511,013$224,955$0$1,615,190
62$2,703,326$172,167$0$1,715,632
63$2,913,245$114,783$0$1,827,562
64$3,142,502$52,513$0$1,949,935
65$3,393,004$0$0$2,083,835
66$3,666,852$0$0$2,235,229
67$3,966,357$0$0$2,419,188
68$4,294,064$0$0$2,620,524
69$4,652,776$0$0$2,840,966
70$5,045,580$0$0$3,082,416
71$5,475,873$0$0$3,346,972
72$5,947,399$0$0$3,636,943
73$6,464,279$0$0$3,954,871
74$7,031,054$0$0$4,303,557
75$7,652,724$0$0$4,686,085
76$8,334,796$0$0$5,105,854
77$9,083,337$0$0$5,566,605
78$9,905,028$0$0$6,072,461
79$10,807,230$0$0$6,627,964
80$11,798,051$0$0$7,238,116
81$12,886,423$0$0$7,908,427
82$14,082,186$0$0$8,644,969
83$15,396,179$0$0$9,454,429
84$16,840,343$0$0$10,344,176
85$18,427,836$0$0$11,322,327
86$20,173,151$0$0$12,397,825
87$22,092,258$0$0$13,580,524
88$24,202,748$0$0$14,881,279
89$26,524,007$0$0$16,312,050
90$29,077,390$0$0$17,886,016
91$31,886,428$0$0$19,617,695
92$34,977,047$0$0$21,523,086
93$38,377,812$0$0$23,619,815
94$42,120,199$0$0$25,927,304
95$46,238,886$0$0$28,466,952
96$50,772,086$0$0$31,262,339
97$55,761,902$0$0$34,339,445
98$61,254,728$0$0$37,726,899
99$67,301,684$0$0$41,456,246
100$73,959,096$0$0$45,562,244