Can I retire at age 40 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$51,364$50,907$50,460$50,025$49,599$48,638
2 years$25,428$24,954$24,495$24,050$23,619$22,654
3 years$16,783$16,308$15,850$15,409$14,985$14,046
4 years$12,462$11,988$11,535$11,101$10,687$9,783
5 years$9,870$9,399$8,951$8,527$8,124$7,257
6 years$8,143$7,675$7,234$6,819$6,428$5,598
7 years$6,909$6,445$6,012$5,606$5,228$4,436
8 years$5,984$5,525$5,098$4,703$4,337$3,582
9 years$5,266$4,810$4,391$4,006$3,653$2,935
10 years$4,691$4,240$3,828$3,453$3,112$2,431
11 years$4,221$3,775$3,370$3,005$2,677$2,031
12 years$3,830$3,388$2,991$2,636$2,319$1,708
13 years$3,499$3,062$2,672$2,327$2,023$1,445
14 years$3,215$2,783$2,401$2,066$1,773$1,228
15 years$2,970$2,542$2,168$1,842$1,561$1,048
16 years$2,756$2,333$1,966$1,650$1,380$897
17 years$2,567$2,148$1,789$1,482$1,223$769
18 years$2,399$1,985$1,633$1,336$1,088$662
19 years$2,249$1,840$1,495$1,207$970$570
20 years$2,114$1,710$1,372$1,093$866$492
21 years$1,992$1,592$1,262$992$775$425
22 years$1,882$1,486$1,163$902$695$368
23 years$1,781$1,390$1,074$822$624$319
24 years$1,688$1,303$993$749$560$276
25 years$1,604$1,222$920$684$504$240
26 years$1,525$1,149$853$626$454$208
27 years$1,453$1,081$792$573$410$181
28 years$1,386$1,019$736$525$370$157
29 years$1,324$961$685$481$334$137
30 years$1,266$908$638$442$302$119
31 years$1,212$858$595$406$273$103
32 years$1,161$812$555$373$247$90
33 years$1,114$769$518$343$223$78
34 years$1,069$729$484$315$202$68
35 years$1,027$691$453$290$183$59
36 years$988$656$424$267$166$52
37 years$951$623$396$246$150$45
38 years$915$592$371$227$136$39
39 years$882$563$348$209$124$34
40 years$850$536$326$193$112$30
41 years$820$510$306$178$102$26
42 years$792$486$287$164$92$23
43 years$765$463$269$152$84$20
44 years$739$441$253$140$76$17
45 years$714$421$237$129$69$15
46 years$691$401$223$120$63$13
47 years$669$383$209$110$57$11
48 years$647$366$197$102$52$10
49 years$627$349$185$94$47$9
50 years$607$333$174$87$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $622,000, adding $4,941 every year, while hoping to spend $40,959 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: 38/37/25 Blend
39$622,000$622,000$622,000$622,000
40$690,541$657,575$647,934$711,472
41$717,396$646,216$626,059$715,835
42$745,617$632,927$602,080$716,389
43$775,301$617,572$575,880$716,183
44$806,553$600,004$547,343$715,173
45$839,485$580,068$516,343$713,314
46$874,222$557,601$482,750$710,563
47$910,900$532,430$446,429$706,872
48$949,665$504,372$407,238$702,198
49$990,678$473,234$365,028$696,492
50$1,034,116$438,811$319,644$689,710
51$1,080,169$400,886$270,926$681,806
52$1,129,048$359,231$218,704$672,737
53$1,180,981$313,604$162,801$662,457
54$1,236,220$263,750$103,034$650,927
55$1,295,039$209,398$39,210$638,106
56$1,357,738$150,264$0$623,958
57$1,424,647$86,046$0$616,159
58$1,496,126$16,427$0$618,635
59$1,572,569$0$0$620,949
60$1,654,411$0$0$647,139
61$1,742,126$0$0$682,432
62$1,836,235$0$0$720,357
63$1,937,311$0$0$761,153
64$2,045,980$0$0$805,081
65$2,162,932$0$0$852,427
66$2,288,923$0$0$903,508
67$2,424,785$0$0$958,669
68$2,571,429$0$0$1,018,291
69$2,729,860$0$0$1,082,792
70$2,901,180$0$0$1,152,632
71$3,086,600$0$0$1,228,317
72$3,287,451$0$0$1,310,403
73$3,505,200$0$0$1,399,500
74$3,741,455$0$0$1,496,282
75$3,997,988$0$0$1,601,487
76$4,276,746$0$0$1,715,929
77$4,579,874$0$0$1,840,505
78$4,909,728$0$0$1,976,197
79$5,268,902$0$0$2,124,091
80$5,660,251$0$0$2,285,380
81$6,086,916$0$0$2,461,375
82$6,552,354$0$0$2,653,524
83$7,060,371$0$0$2,863,415
84$7,615,156$0$0$3,092,801
85$8,221,320$0$0$3,343,611
86$8,883,939$0$0$3,617,966
87$9,608,602$0$0$3,918,204
88$10,401,464$0$0$4,246,900
89$11,269,301$0$0$4,606,888
90$12,219,574$0$0$5,001,288
91$13,260,500$0$0$5,433,539
92$14,401,128$0$0$5,907,427
93$15,651,424$0$0$6,427,120
94$17,022,364$0$0$6,997,212
95$18,526,036$0$0$7,622,761
96$20,175,756$0$0$8,309,339
97$21,986,189$0$0$9,063,083
98$23,973,490$0$0$9,890,754
99$26,155,454$0$0$10,799,799
100$28,551,684$0$0$11,798,423