Can I retire at age 40 with 616,000?

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 $616,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$50,869$50,416$49,974$49,542$49,121$48,893
2 years$25,183$24,714$24,259$23,818$23,391$23,161
3 years$16,622$16,151$15,697$15,261$14,840$14,615
4 years$12,342$11,872$11,424$10,994$10,584$10,366
5 years$9,775$9,308$8,865$8,445$8,046$7,835
6 years$8,064$7,601$7,164$6,753$6,366$6,163
7 years$6,842$6,383$5,954$5,552$5,178$4,982
8 years$5,927$5,471$5,049$4,658$4,295$4,108
9 years$5,215$4,764$4,349$3,967$3,617$3,437
10 years$4,646$4,199$3,791$3,420$3,082$2,910
11 years$4,180$3,738$3,338$2,976$2,651$2,486
12 years$3,793$3,355$2,962$2,611$2,297$2,140
13 years$3,465$3,032$2,647$2,305$2,003$1,853
14 years$3,184$2,756$2,378$2,046$1,756$1,613
15 years$2,942$2,518$2,147$1,825$1,546$1,410
16 years$2,729$2,310$1,947$1,634$1,366$1,237
17 years$2,542$2,127$1,771$1,468$1,212$1,088
18 years$2,376$1,966$1,617$1,323$1,077$960
19 years$2,227$1,822$1,480$1,195$960$849
20 years$2,094$1,693$1,359$1,083$858$753
21 years$1,973$1,577$1,250$983$767$668
22 years$1,863$1,472$1,152$893$688$594
23 years$1,764$1,377$1,063$814$618$529
24 years$1,672$1,290$983$742$555$472
25 years$1,588$1,211$911$678$499$421
26 years$1,511$1,138$845$620$450$376
27 years$1,439$1,071$784$567$406$336
28 years$1,373$1,009$729$520$366$301
29 years$1,311$952$679$477$330$269
30 years$1,254$899$632$437$299$241
31 years$1,200$850$589$402$270$216
32 years$1,150$804$550$369$244$194
33 years$1,103$761$513$339$221$174
34 years$1,059$722$480$312$200$156
35 years$1,017$685$448$288$181$140
36 years$978$650$420$265$164$126
37 years$941$617$393$244$149$113
38 years$907$586$368$225$135$101
39 years$873$558$345$207$122$91
40 years$842$531$323$191$111$82
41 years$812$505$303$176$101$73
42 years$784$481$284$163$91$66
43 years$757$458$267$150$83$59
44 years$732$437$250$139$75$53
45 years$708$417$235$128$68$48
46 years$684$397$221$118$62$43
47 years$662$379$207$109$56$39
48 years$641$362$195$101$51$35
49 years$621$346$183$93$46$31
50 years$601$330$172$86$42$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $616,000, adding $6,679 every year, while hoping to spend $22,311 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: 70/8/22 Blend
39$616,000$616,000$616,000$616,000
40$685,721$653,073$643,525$729,520
41$731,926$661,335$641,345$767,893
42$782,096$669,254$638,343$806,638
43$836,612$676,790$634,470$848,507
44$895,893$683,899$629,671$893,808
45$960,400$690,536$623,891$942,879
46$1,030,640$696,652$617,071$996,095
47$1,107,172$702,194$609,149$1,053,867
48$1,190,609$707,107$600,061$1,116,651
49$1,281,627$711,331$589,739$1,184,947
50$1,380,971$714,804$578,113$1,259,308
51$1,489,460$717,459$565,110$1,340,344
52$1,607,994$719,225$550,651$1,428,727
53$1,737,568$720,025$534,655$1,525,197
54$1,879,273$719,779$517,039$1,630,572
55$2,034,313$718,402$497,714$1,745,753
56$2,204,012$715,803$476,587$1,871,733
57$2,389,830$711,887$453,562$2,009,607
58$2,593,374$706,550$428,537$2,160,584
59$2,816,412$699,684$401,407$2,325,996
60$3,060,892$691,176$372,061$2,507,310
61$3,328,963$680,903$340,384$2,706,146
62$3,622,985$668,735$306,255$2,924,289
63$3,945,564$654,538$269,549$3,163,708
64$4,299,567$638,165$230,134$3,426,572
65$4,688,151$619,464$187,872$3,715,274
66$5,114,797$598,273$142,621$4,032,452
67$5,583,338$574,419$94,230$4,381,014
68$6,097,995$547,722$42,543$4,764,166
69$6,663,419$517,989$0$5,185,443
70$7,284,734$485,017$0$5,651,704
71$7,967,586$448,592$0$6,175,133
72$8,718,192$408,485$0$6,750,511
73$9,543,404$364,458$0$7,383,102
74$10,450,771$316,256$0$8,078,707
75$11,448,608$263,611$0$8,843,720
76$12,546,078$206,240$0$9,685,183
77$13,753,276$143,843$0$10,610,859
78$15,081,325$76,106$0$11,629,301
79$16,542,478$2,694$0$12,749,933
80$18,150,240$0$0$13,983,142
81$19,919,486$0$0$15,347,129
82$21,866,610$0$0$16,848,549
83$24,009,674$0$0$18,501,099
84$26,368,580$0$0$20,320,130
85$28,965,256$0$0$22,322,557
86$31,823,866$0$0$24,527,020
87$34,971,036$0$0$26,954,057
88$38,436,102$0$0$29,626,297
89$42,251,393$0$0$32,568,678
90$46,452,530$0$0$35,808,678
91$51,078,766$0$0$39,376,574
92$56,173,351$0$0$43,305,732
93$61,783,948$0$0$47,632,914
94$67,963,074$0$0$52,398,635
95$74,768,602$0$0$57,647,535
96$82,264,303$0$0$63,428,806
97$90,520,448$0$0$69,796,655
98$99,614,473$0$0$76,810,815
99$109,631,708$0$0$84,537,109
100$120,666,183$0$0$93,048,070