Can I retire at age 40 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$50,951$50,497$50,055$49,622$49,200$48,748
2 years$25,223$24,754$24,298$23,857$23,429$22,972
3 years$16,649$16,177$15,723$15,285$14,864$14,419
4 years$12,362$11,892$11,442$11,012$10,601$10,170
5 years$9,791$9,323$8,880$8,458$8,059$7,643
6 years$8,077$7,613$7,176$6,764$6,377$5,977
7 years$6,854$6,393$5,963$5,561$5,186$4,802
8 years$5,936$5,480$5,057$4,665$4,302$3,934
9 years$5,223$4,772$4,356$3,974$3,623$3,271
10 years$4,653$4,206$3,798$3,425$3,087$2,751
11 years$4,187$3,744$3,343$2,981$2,655$2,335
12 years$3,799$3,361$2,967$2,615$2,301$1,996
13 years$3,471$3,037$2,651$2,309$2,006$1,716
14 years$3,190$2,761$2,382$2,049$1,759$1,483
15 years$2,946$2,522$2,150$1,828$1,549$1,287
16 years$2,734$2,314$1,950$1,636$1,369$1,120
17 years$2,546$2,131$1,774$1,470$1,213$979
18 years$2,380$1,969$1,620$1,325$1,079$857
19 years$2,231$1,825$1,483$1,197$962$752
20 years$2,097$1,696$1,361$1,084$859$661
21 years$1,976$1,580$1,252$984$769$582
22 years$1,866$1,474$1,154$895$689$513
23 years$1,766$1,379$1,065$815$619$453
24 years$1,675$1,292$985$743$556$401
25 years$1,591$1,213$912$679$500$355
26 years$1,513$1,140$846$621$451$314
27 years$1,442$1,072$786$568$406$278
28 years$1,375$1,011$730$520$367$247
29 years$1,313$953$680$477$331$219
30 years$1,256$900$633$438$299$194
31 years$1,202$851$590$402$270$173
32 years$1,152$805$551$370$245$153
33 years$1,105$763$514$340$221$136
34 years$1,061$723$480$313$200$121
35 years$1,019$686$449$288$182$108
36 years$980$651$420$265$164$96
37 years$943$618$393$244$149$85
38 years$908$587$368$225$135$76
39 years$875$559$345$208$123$68
40 years$844$531$323$192$111$60
41 years$814$506$303$177$101$54
42 years$786$482$284$163$92$48
43 years$759$459$267$151$83$42
44 years$733$438$251$139$75$38
45 years$709$417$235$128$68$34
46 years$685$398$221$119$62$30
47 years$663$380$208$110$56$27
48 years$642$363$195$101$51$24
49 years$622$346$183$94$47$21
50 years$602$331$172$86$42$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $617,000, adding $3,690 every year, while hoping to spend $52,608 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: 39/36/25 Blend
39$617,000$617,000$617,000$617,000
40$683,740$651,039$641,476$705,207
41$697,507$626,966$606,991$697,056
42$710,915$599,949$569,587$683,068
43$723,872$569,790$529,112$666,909
44$736,275$536,278$485,405$648,414
45$748,007$499,188$438,298$627,406
46$758,940$458,284$387,617$603,695
47$768,929$413,317$333,180$577,077
48$777,814$364,024$274,795$547,335
49$785,414$310,124$212,264$514,234
50$791,529$251,323$145,378$477,523
51$795,937$187,310$73,920$436,935
52$798,391$117,756$0$392,178
53$798,614$42,314$0$343,568
54$796,303$0$0$311,230
55$791,116$0$0$290,734
56$782,679$0$0$285,556
57$770,574$0$0$278,752
58$754,338$0$0$270,123
59$733,458$0$0$259,446
60$707,368$0$0$246,475
61$675,437$0$0$230,940
62$636,972$0$0$212,539
63$591,201$0$0$190,939
64$537,272$0$0$165,772
65$474,245$0$0$136,633
66$401,078$0$0$103,070
67$316,619$0$0$64,588
68$219,596$0$0$20,638
69$108,603$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