Can I retire at age 40 with 622,000?

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 $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%19.1%
1 years$51,364$50,907$50,460$50,025$49,599$47,782
2 years$25,428$24,954$24,495$24,050$23,619$21,808
3 years$16,783$16,308$15,850$15,409$14,985$13,238
4 years$12,462$11,988$11,535$11,101$10,687$9,017
5 years$9,870$9,399$8,951$8,527$8,124$6,536
6 years$8,143$7,675$7,234$6,819$6,428$4,922
7 years$6,909$6,445$6,012$5,606$5,228$3,804
8 years$5,984$5,525$5,098$4,703$4,337$2,994
9 years$5,266$4,810$4,391$4,006$3,653$2,388
10 years$4,691$4,240$3,828$3,453$3,112$1,924
11 years$4,221$3,775$3,370$3,005$2,677$1,563
12 years$3,830$3,388$2,991$2,636$2,319$1,277
13 years$3,499$3,062$2,672$2,327$2,023$1,049
14 years$3,215$2,783$2,401$2,066$1,773$865
15 years$2,970$2,542$2,168$1,842$1,561$715
16 years$2,756$2,333$1,966$1,650$1,380$593
17 years$2,567$2,148$1,789$1,482$1,223$493
18 years$2,399$1,985$1,633$1,336$1,088$410
19 years$2,249$1,840$1,495$1,207$970$342
20 years$2,114$1,710$1,372$1,093$866$285
21 years$1,992$1,592$1,262$992$775$238
22 years$1,882$1,486$1,163$902$695$199
23 years$1,781$1,390$1,074$822$624$167
24 years$1,688$1,303$993$749$560$140
25 years$1,604$1,222$920$684$504$117
26 years$1,525$1,149$853$626$454$98
27 years$1,453$1,081$792$573$410$82
28 years$1,386$1,019$736$525$370$69
29 years$1,324$961$685$481$334$58
30 years$1,266$908$638$442$302$48
31 years$1,212$858$595$406$273$41
32 years$1,161$812$555$373$247$34
33 years$1,114$769$518$343$223$29
34 years$1,069$729$484$315$202$24
35 years$1,027$691$453$290$183$20
36 years$988$656$424$267$166$17
37 years$951$623$396$246$150$14
38 years$915$592$371$227$136$12
39 years$882$563$348$209$124$10
40 years$850$536$326$193$112$8
41 years$820$510$306$178$102$7
42 years$792$486$287$164$92$6
43 years$765$463$269$152$84$5
44 years$739$441$253$140$76$4
45 years$714$421$237$129$69$4
46 years$691$401$223$120$63$3
47 years$669$383$209$110$57$2
48 years$647$366$197$102$52$2
49 years$627$349$185$94$47$2
50 years$607$333$174$87$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $622,000, adding $5,004 every year, while hoping to spend $24,925 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: 65/10/25 Blend
39$622,000$622,000$622,000$622,000
40$690,606$657,640$647,999$730,683
41$734,527$663,344$643,187$764,020
42$782,094$668,492$637,378$797,198
43$833,650$673,031$630,513$832,899
44$889,577$676,904$622,529$871,373
45$950,291$680,050$613,361$912,897
46$1,016,252$682,404$602,940$957,774
47$1,087,966$683,897$591,195$1,006,343
48$1,165,988$684,458$578,050$1,058,972
49$1,250,931$684,008$563,426$1,116,074
50$1,343,467$682,466$547,242$1,178,099
51$1,444,337$679,744$529,412$1,245,548
52$1,554,357$675,749$509,845$1,318,972
53$1,674,424$670,383$488,447$1,398,978
54$1,805,526$663,543$465,121$1,486,238
55$1,948,751$655,117$439,763$1,581,493
56$2,105,294$644,989$412,266$1,685,561
57$2,276,475$633,034$382,517$1,799,343
58$2,463,744$619,121$350,400$1,923,835
59$2,668,699$603,111$315,792$2,060,136
60$2,893,099$584,857$278,564$2,209,457
61$3,138,883$564,202$238,583$2,373,135
62$3,408,183$540,982$195,710$2,552,645
63$3,703,349$515,022$149,798$2,749,614
64$4,026,970$486,137$100,695$2,965,838
65$4,381,895$454,132$48,243$3,203,297
66$4,771,264$418,800$0$3,464,175
67$5,198,534$379,923$0$3,752,944
68$5,667,516$337,270$0$4,084,066
69$6,182,403$290,597$0$4,447,639
70$6,747,818$239,646$0$4,846,945
71$7,368,852$184,145$0$5,285,602
72$8,051,113$123,806$0$5,767,598
73$8,800,780$58,326$0$6,297,325
74$9,624,659$0$0$6,879,624
75$10,530,249$0$0$7,521,221
76$11,525,812$0$0$8,233,662
77$12,620,448$0$0$9,017,048
78$13,824,186$0$0$9,878,562
79$15,148,074$0$0$10,826,116
80$16,604,283$0$0$11,868,428
81$18,206,225$0$0$13,015,105
82$19,968,677$0$0$14,276,730
83$21,907,920$0$0$15,664,965
84$24,041,893$0$0$17,192,658
85$26,390,360$0$0$18,873,966
86$28,975,102$0$0$20,724,488
87$31,820,114$0$0$22,761,414
88$34,951,839$0$0$25,003,681
89$38,399,410$0$0$27,472,158
90$42,194,932$0$0$30,189,841
91$46,373,779$0$0$33,182,066
92$50,974,930$0$0$36,476,752
93$56,041,336$0$0$40,104,666
94$61,620,324$0$0$44,099,706
95$67,764,046$0$0$48,499,228
96$74,529,969$0$0$53,344,394
97$81,981,417$0$0$58,680,562
98$90,188,169$0$0$64,557,712
99$99,227,115$0$0$71,030,921
100$109,182,987$0$0$78,160,879