Can I retire at age 40 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$51,116$50,661$50,217$49,783$49,360$48,069
2 years$25,305$24,834$24,377$23,934$23,505$22,213
3 years$16,703$16,229$15,774$15,335$14,912$13,660
4 years$12,402$11,930$11,479$11,048$10,636$9,433
5 years$9,822$9,353$8,908$8,486$8,085$6,935
6 years$8,103$7,638$7,199$6,786$6,397$5,301
7 years$6,876$6,414$5,983$5,579$5,203$4,160
8 years$5,956$5,498$5,074$4,680$4,316$3,326
9 years$5,240$4,787$4,370$3,987$3,635$2,697
10 years$4,668$4,220$3,810$3,437$3,097$2,211
11 years$4,201$3,756$3,354$2,991$2,664$1,827
12 years$3,811$3,372$2,977$2,623$2,308$1,520
13 years$3,482$3,047$2,659$2,316$2,013$1,271
14 years$3,200$2,770$2,390$2,056$1,764$1,068
15 years$2,956$2,530$2,157$1,833$1,554$900
16 years$2,742$2,321$1,956$1,642$1,373$761
17 years$2,554$2,138$1,780$1,475$1,217$645
18 years$2,387$1,975$1,625$1,329$1,082$548
19 years$2,238$1,831$1,487$1,201$965$466
20 years$2,104$1,701$1,365$1,088$862$397
21 years$1,983$1,585$1,256$987$771$339
22 years$1,872$1,479$1,157$898$691$289
23 years$1,772$1,384$1,069$818$621$247
24 years$1,680$1,296$988$746$558$212
25 years$1,596$1,216$915$681$502$181
26 years$1,518$1,143$849$623$452$155
27 years$1,446$1,076$788$570$408$133
28 years$1,380$1,014$733$522$368$114
29 years$1,318$956$682$479$332$98
30 years$1,260$903$635$439$300$84
31 years$1,206$854$592$404$271$72
32 years$1,156$808$553$371$245$62
33 years$1,109$765$516$341$222$53
34 years$1,064$725$482$314$201$45
35 years$1,022$688$451$289$182$39
36 years$983$653$422$266$165$33
37 years$946$620$395$245$150$29
38 years$911$589$370$226$136$25
39 years$878$560$346$208$123$21
40 years$846$533$324$192$112$18
41 years$816$507$304$177$101$16
42 years$788$483$285$164$92$13
43 years$761$461$268$151$83$12
44 years$735$439$251$139$76$10
45 years$711$419$236$129$69$8
46 years$688$399$222$119$62$7
47 years$665$381$208$110$57$6
48 years$644$364$196$102$51$5
49 years$624$347$184$94$47$5
50 years$604$332$173$87$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $619,000, adding $4,527 every year, while hoping to spend $21,494 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: 84/6/10 Blend
39$619,000$619,000$619,000$619,000
40$686,808$654,001$644,406$743,097
41$733,993$663,177$643,124$789,753
42$785,270$672,083$641,079$837,635
43$841,035$680,682$638,222$889,569
44$901,721$688,936$634,503$945,951
45$967,806$696,804$629,869$1,007,214
46$1,039,817$704,242$624,264$1,073,836
47$1,118,331$711,203$617,630$1,146,346
48$1,203,987$717,637$609,906$1,225,321
49$1,297,484$723,492$601,029$1,311,403
50$1,399,594$728,710$590,930$1,405,294
51$1,511,168$733,232$579,541$1,507,771
52$1,633,139$736,993$566,788$1,619,687
53$1,766,539$739,925$552,595$1,741,983
54$1,912,500$741,955$536,881$1,875,696
55$2,072,270$743,007$519,562$2,021,968
56$2,247,226$742,998$500,552$2,182,058
57$2,438,880$741,841$479,757$2,357,351
58$2,648,899$739,445$457,082$2,549,376
59$2,879,119$735,711$432,427$2,759,816
60$3,131,564$730,535$405,688$2,990,525
61$3,408,459$723,806$376,754$3,243,547
62$3,712,257$715,409$345,511$3,521,133
63$4,045,662$705,218$311,840$3,825,764
64$4,411,648$693,103$275,615$4,160,175
65$4,813,495$678,923$236,707$4,527,378
66$5,254,814$662,533$194,979$4,930,694
67$5,739,583$643,775$150,289$5,373,779
68$6,272,185$622,485$102,488$5,860,666
69$6,857,448$598,487$51,422$6,395,798
70$7,500,691$571,596$0$6,984,069
71$8,207,774$541,617$0$7,631,202
72$8,985,153$508,342$0$8,348,691
73$9,839,941$471,553$0$9,137,614
74$10,779,973$431,018$0$10,005,210
75$11,813,884$386,491$0$10,959,455
76$12,951,187$337,715$0$12,009,140
77$14,202,361$284,417$0$13,163,947
78$15,578,954$226,306$0$14,434,550
79$17,093,691$163,078$0$15,832,706
80$18,760,589$94,411$0$17,371,372
81$20,595,097$19,965$0$19,064,826
82$22,614,234$0$0$20,928,800
83$24,836,753$0$0$22,984,633
84$27,283,320$0$0$25,249,174
85$29,976,702$0$0$27,742,181
86$32,941,989$0$0$30,486,878
87$36,206,828$0$0$33,508,858
88$39,801,679$0$0$36,836,317
89$43,760,111$0$0$40,500,328
90$48,119,111$0$0$44,535,130
91$52,919,436$0$0$48,978,450
92$58,205,997$0$0$53,871,862
93$64,028,284$0$0$59,261,176
94$70,440,831$0$0$65,196,874
95$77,503,730$0$0$71,734,581
96$85,283,200$0$0$78,935,595
97$93,852,209$0$0$86,867,460
98$103,291,166$0$0$95,604,610
99$113,688,677$0$0$105,229,064
100$125,142,381$0$0$115,831,205