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%14.2%
1 years$51,116$50,661$50,217$49,783$49,360$48,502
2 years$25,305$24,834$24,377$23,934$23,505$22,643
3 years$16,703$16,229$15,774$15,335$14,912$14,074
4 years$12,402$11,930$11,479$11,048$10,636$9,827
5 years$9,822$9,353$8,908$8,486$8,085$7,309
6 years$8,103$7,638$7,199$6,786$6,397$5,654
7 years$6,876$6,414$5,983$5,579$5,203$4,492
8 years$5,956$5,498$5,074$4,680$4,316$3,639
9 years$5,240$4,787$4,370$3,987$3,635$2,990
10 years$4,668$4,220$3,810$3,437$3,097$2,484
11 years$4,201$3,756$3,354$2,991$2,664$2,082
12 years$3,811$3,372$2,977$2,623$2,308$1,757
13 years$3,482$3,047$2,659$2,316$2,013$1,491
14 years$3,200$2,770$2,390$2,056$1,764$1,271
15 years$2,956$2,530$2,157$1,833$1,554$1,088
16 years$2,742$2,321$1,956$1,642$1,373$935
17 years$2,554$2,138$1,780$1,475$1,217$805
18 years$2,387$1,975$1,625$1,329$1,082$695
19 years$2,238$1,831$1,487$1,201$965$601
20 years$2,104$1,701$1,365$1,088$862$520
21 years$1,983$1,585$1,256$987$771$451
22 years$1,872$1,479$1,157$898$691$392
23 years$1,772$1,384$1,069$818$621$341
24 years$1,680$1,296$988$746$558$297
25 years$1,596$1,216$915$681$502$258
26 years$1,518$1,143$849$623$452$225
27 years$1,446$1,076$788$570$408$196
28 years$1,380$1,014$733$522$368$171
29 years$1,318$956$682$479$332$150
30 years$1,260$903$635$439$300$131
31 years$1,206$854$592$404$271$114
32 years$1,156$808$553$371$245$100
33 years$1,109$765$516$341$222$87
34 years$1,064$725$482$314$201$76
35 years$1,022$688$451$289$182$67
36 years$983$653$422$266$165$58
37 years$946$620$395$245$150$51
38 years$911$589$370$226$136$45
39 years$878$560$346$208$123$39
40 years$846$533$324$192$112$34
41 years$816$507$304$177$101$30
42 years$788$483$285$164$92$26
43 years$761$461$268$151$83$23
44 years$735$439$251$139$76$20
45 years$711$419$236$129$69$18
46 years$688$399$222$119$62$15
47 years$665$381$208$110$57$13
48 years$644$364$196$102$51$12
49 years$624$347$184$94$47$10
50 years$604$332$173$87$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $619,000, adding $6,344 every year, while hoping to spend $38,976 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: 35/47/18 Blend
39$619,000$619,000$619,000$619,000
40$688,682$655,875$646,280$708,794
41$717,457$646,543$626,461$714,714
42$747,861$635,447$604,671$717,001
43$780,019$622,460$580,803$718,649
44$814,067$607,446$554,746$719,622
45$850,155$590,264$526,383$719,886
46$888,444$570,760$495,590$719,406
47$929,114$548,776$462,241$718,148
48$972,358$524,140$426,200$716,078
49$1,018,390$496,675$387,330$713,166
50$1,067,444$466,189$345,483$709,379
51$1,119,773$432,483$300,507$704,689
52$1,175,660$395,344$252,243$699,071
53$1,235,409$354,548$200,525$692,500
54$1,299,357$309,858$145,179$684,958
55$1,367,873$261,022$86,025$676,429
56$1,441,361$207,777$22,871$666,905
57$1,520,265$149,843$0$656,380
58$1,605,071$86,925$0$653,412
59$1,696,314$18,710$0$654,704
60$1,794,582$0$0$655,924
61$1,900,517$0$0$685,660
62$2,014,829$0$0$728,258
63$2,138,295$0$0$774,340
64$2,271,771$0$0$824,233
65$2,416,195$0$0$878,300
66$2,572,600$0$0$936,936
67$2,742,123$0$0$1,000,579
68$2,926,010$0$0$1,069,707
69$3,125,637$0$0$1,144,849
70$3,342,512$0$0$1,226,585
71$3,578,297$0$0$1,315,555
72$3,834,821$0$0$1,412,461
73$4,114,093$0$0$1,518,078
74$4,418,326$0$0$1,633,256
75$4,749,956$0$0$1,758,932
76$5,111,663$0$0$1,896,139
77$5,506,396$0$0$2,046,012
78$5,937,402$0$0$2,209,800
79$6,408,255$0$0$2,388,880
80$6,922,891$0$0$2,584,767
81$7,485,640$0$0$2,799,130
82$8,101,273$0$0$3,033,805
83$8,775,042$0$0$3,290,816
84$9,512,730$0$0$3,572,390
85$10,320,705$0$0$3,880,980
86$11,205,980$0$0$4,219,290
87$12,176,279$0$0$4,590,294
88$13,240,107$0$0$4,997,271
89$14,406,835$0$0$5,443,830
90$15,686,780$0$0$5,933,949
91$17,091,309$0$0$6,472,008
92$18,632,941$0$0$7,062,832
93$20,325,466$0$0$7,711,737
94$22,184,076$0$0$8,424,577
95$24,225,504$0$0$9,207,803
96$26,468,186$0$0$10,068,522
97$28,932,429$0$0$11,014,563
98$31,640,606$0$0$12,054,550
99$34,617,365$0$0$13,197,985
100$37,889,861$0$0$14,455,337