Can I retire at age 40 with 617,000?

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 $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%13.8%
1 years$50,951$50,497$50,055$49,622$49,200$48,425
2 years$25,223$24,754$24,298$23,857$23,429$22,650
3 years$16,649$16,177$15,723$15,285$14,864$14,106
4 years$12,362$11,892$11,442$11,012$10,601$9,869
5 years$9,791$9,323$8,880$8,458$8,059$7,355
6 years$8,077$7,613$7,176$6,764$6,377$5,702
7 years$6,854$6,393$5,963$5,561$5,186$4,541
8 years$5,936$5,480$5,057$4,665$4,302$3,686
9 years$5,223$4,772$4,356$3,974$3,623$3,036
10 years$4,653$4,206$3,798$3,425$3,087$2,529
11 years$4,187$3,744$3,343$2,981$2,655$2,125
12 years$3,799$3,361$2,967$2,615$2,301$1,798
13 years$3,471$3,037$2,651$2,309$2,006$1,530
14 years$3,190$2,761$2,382$2,049$1,759$1,308
15 years$2,946$2,522$2,150$1,828$1,549$1,123
16 years$2,734$2,314$1,950$1,636$1,369$967
17 years$2,546$2,131$1,774$1,470$1,213$835
18 years$2,380$1,969$1,620$1,325$1,079$723
19 years$2,231$1,825$1,483$1,197$962$627
20 years$2,097$1,696$1,361$1,084$859$545
21 years$1,976$1,580$1,252$984$769$474
22 years$1,866$1,474$1,154$895$689$413
23 years$1,766$1,379$1,065$815$619$360
24 years$1,675$1,292$985$743$556$314
25 years$1,591$1,213$912$679$500$275
26 years$1,513$1,140$846$621$451$240
27 years$1,442$1,072$786$568$406$210
28 years$1,375$1,011$730$520$367$184
29 years$1,313$953$680$477$331$161
30 years$1,256$900$633$438$299$141
31 years$1,202$851$590$402$270$124
32 years$1,152$805$551$370$245$108
33 years$1,105$763$514$340$221$95
34 years$1,061$723$480$313$200$83
35 years$1,019$686$449$288$182$73
36 years$980$651$420$265$164$64
37 years$943$618$393$244$149$56
38 years$908$587$368$225$135$50
39 years$875$559$345$208$123$43
40 years$844$531$323$192$111$38
41 years$814$506$303$177$101$34
42 years$786$482$284$163$92$29
43 years$759$459$267$151$83$26
44 years$733$438$251$139$75$23
45 years$709$417$235$128$68$20
46 years$685$398$221$119$62$18
47 years$663$380$208$110$56$15
48 years$642$363$195$101$51$14
49 years$622$346$183$94$47$12
50 years$602$331$172$86$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $617,000, adding $3,858 every year, while hoping to spend $20,354 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: 48/43/9 Blend
39$617,000$617,000$617,000$617,000
40$683,914$651,213$641,649$714,898
41$732,016$661,465$641,488$746,824
42$784,343$671,539$640,639$779,018
43$841,304$681,402$639,058$813,501
44$903,349$691,022$636,698$850,493
45$970,973$700,365$633,511$890,237
46$1,044,723$709,394$629,444$932,998
47$1,125,199$718,069$624,445$979,073
48$1,213,062$726,346$618,456$1,028,786
49$1,309,040$734,182$611,419$1,082,496
50$1,413,932$741,528$603,273$1,140,599
51$1,528,622$748,332$593,951$1,203,534
52$1,654,080$754,539$583,387$1,271,781
53$1,791,376$760,090$571,510$1,345,874
54$1,941,685$764,924$558,245$1,426,401
55$2,106,306$768,973$543,514$1,514,009
56$2,286,664$772,168$527,237$1,609,416
57$2,484,333$774,434$509,329$1,713,410
58$2,701,043$775,689$489,700$1,826,864
59$2,938,702$775,851$468,257$1,950,739
60$3,199,411$774,828$444,904$2,086,096
61$3,485,481$772,526$419,540$2,234,108
62$3,799,463$768,842$392,057$2,396,066
63$4,144,162$763,669$362,344$2,573,397
64$4,522,671$756,893$330,287$2,767,673
65$4,938,395$748,393$295,764$2,980,631
66$5,395,087$738,040$258,648$3,214,186
67$5,896,881$725,699$218,807$3,470,451
68$6,448,330$711,225$176,104$3,751,756
69$7,054,450$694,466$130,395$4,060,673
70$7,720,769$675,260$81,528$4,400,039
71$8,453,376$653,436$29,348$4,772,984
72$9,258,979$628,813$0$5,182,958
73$10,144,969$601,199$0$5,636,299
74$11,119,490$570,391$0$6,137,848
75$12,191,513$536,176$0$6,689,434
76$13,370,925$498,326$0$7,296,184
77$14,668,617$456,602$0$7,963,750
78$16,096,590$410,749$0$8,698,366
79$17,668,067$360,501$0$9,506,906
80$19,397,618$305,573$0$10,396,949
81$21,301,297$245,668$0$11,376,852
82$23,396,792$180,468$0$12,455,828
83$25,703,594$109,641$0$13,644,038
84$28,243,181$32,834$0$14,952,682
85$31,039,217$0$0$16,394,111
86$34,117,778$0$0$18,005,753
87$37,507,599$0$0$19,797,535
88$41,240,340$0$0$21,770,667
89$45,350,889$0$0$23,943,603
90$49,877,693$0$0$26,336,677
91$54,863,112$0$0$28,972,296
92$60,353,827$0$0$31,875,149
93$66,401,278$0$0$35,072,446
94$73,062,146$0$0$38,594,167
95$80,398,893$0$0$42,473,350
96$88,480,348$0$0$46,746,401
97$97,382,354$0$0$51,453,438
98$107,188,492$0$0$56,638,667
99$117,990,859$0$0$62,350,805
100$129,890,945$0$0$68,643,533