Can I retire at age 40 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$51,199$50,743$50,298$49,864$49,440$47,972
2 years$25,346$24,874$24,417$23,973$23,543$22,077
3 years$16,730$16,255$15,799$15,360$14,936$13,517
4 years$12,422$11,949$11,498$11,066$10,653$9,292
5 years$9,838$9,369$8,923$8,500$8,098$6,799
6 years$8,116$7,650$7,211$6,797$6,408$5,171
7 years$6,887$6,425$5,992$5,588$5,211$4,038
8 years$5,965$5,507$5,082$4,688$4,323$3,212
9 years$5,249$4,795$4,377$3,993$3,641$2,590
10 years$4,676$4,226$3,816$3,442$3,102$2,111
11 years$4,207$3,763$3,360$2,996$2,668$1,735
12 years$3,817$3,377$2,982$2,628$2,312$1,435
13 years$3,488$3,052$2,664$2,320$2,016$1,193
14 years$3,205$2,774$2,393$2,059$1,767$996
15 years$2,961$2,534$2,161$1,836$1,556$834
16 years$2,747$2,325$1,959$1,644$1,375$701
17 years$2,558$2,141$1,783$1,477$1,219$590
18 years$2,391$1,979$1,627$1,331$1,084$498
19 years$2,242$1,834$1,490$1,203$966$421
20 years$2,107$1,704$1,367$1,090$863$356
21 years$1,986$1,587$1,258$989$772$301
22 years$1,875$1,482$1,159$899$692$256
23 years$1,775$1,386$1,070$819$622$217
24 years$1,683$1,298$990$747$559$184
25 years$1,598$1,218$917$682$503$157
26 years$1,521$1,145$850$624$453$133
27 years$1,449$1,078$790$571$408$113
28 years$1,382$1,016$734$523$368$96
29 years$1,320$958$683$480$333$82
30 years$1,262$905$636$440$301$70
31 years$1,208$855$593$404$272$59
32 years$1,158$809$553$372$246$51
33 years$1,110$766$517$342$222$43
34 years$1,066$726$483$314$201$37
35 years$1,024$689$451$289$182$31
36 years$985$654$422$267$165$27
37 years$948$621$395$246$150$23
38 years$912$590$370$226$136$19
39 years$879$561$347$209$123$16
40 years$848$534$325$192$112$14
41 years$818$508$305$178$101$12
42 years$789$484$286$164$92$10
43 years$762$461$268$151$83$9
44 years$737$440$252$140$76$7
45 years$712$419$236$129$69$6
46 years$689$400$222$119$62$5
47 years$667$382$209$110$57$5
48 years$645$364$196$102$51$4
49 years$625$348$184$94$47$3
50 years$605$332$173$87$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $620,000, adding $4,537 every year, while hoping to spend $34,426 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: 59/27/14 Blend
39$620,000$620,000$620,000$620,000
40$687,920$655,060$645,450$725,829
41$721,459$650,529$630,443$747,407
42$757,265$644,622$613,781$766,693
43$795,533$637,235$595,369$786,911
44$836,476$628,259$575,113$808,155
45$880,330$617,577$552,913$830,529
46$927,351$605,065$528,662$854,150
47$977,820$590,593$502,252$879,149
48$1,032,047$574,022$473,567$905,671
49$1,090,372$555,205$442,488$933,879
50$1,153,168$533,987$408,888$963,952
51$1,220,843$510,205$372,638$996,091
52$1,293,847$483,684$333,600$1,030,520
53$1,372,676$454,240$291,632$1,067,487
54$1,457,870$421,679$246,583$1,107,270
55$1,550,028$385,797$198,299$1,150,175
56$1,649,805$346,375$146,616$1,196,543
57$1,757,922$303,183$91,364$1,246,754
58$1,875,171$255,981$32,366$1,301,230
59$2,002,425$204,511$0$1,360,437
60$2,140,642$148,502$0$1,429,466
61$2,290,878$87,668$0$1,509,778
62$2,454,292$21,709$0$1,597,202
63$2,632,162$0$0$1,692,478
64$2,825,891$0$0$1,811,189
65$3,037,027$0$0$1,947,641
66$3,267,269$0$0$2,096,490
67$3,518,490$0$0$2,258,953
68$3,792,752$0$0$2,436,368
69$4,092,323$0$0$2,630,211
70$4,419,701$0$0$2,842,103
71$4,777,634$0$0$3,073,833
72$5,169,152$0$0$3,327,366
73$5,597,586$0$0$3,604,870
74$6,066,608$0$0$3,908,730
75$6,580,260$0$0$4,241,572
76$7,142,992$0$0$4,606,291
77$7,759,706$0$0$5,006,071
78$8,435,801$0$0$5,444,422
79$9,177,223$0$0$5,925,208
80$9,990,520$0$0$6,452,686
81$10,882,906$0$0$7,031,544
82$11,862,327$0$0$7,666,948
83$12,937,533$0$0$8,364,586
84$14,118,165$0$0$9,130,725
85$15,414,844$0$0$9,972,268
86$16,839,267$0$0$10,896,820
87$18,404,323$0$0$11,912,758
88$20,124,210$0$0$13,029,313
89$22,014,568$0$0$14,256,652
90$24,092,630$0$0$15,605,978
91$26,377,381$0$0$17,089,632
92$28,889,736$0$0$18,721,212
93$31,652,740$0$0$20,515,699
94$34,691,782$0$0$22,489,599
95$38,034,836$0$0$24,661,097
96$41,712,723$0$0$27,050,232
97$45,759,403$0$0$29,679,079
98$50,212,291$0$0$32,571,966
99$55,112,614$0$0$35,755,694
100$60,505,799$0$0$39,259,796