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%12.5%
1 years$51,364$50,907$50,460$50,025$49,599$49,081
2 years$25,428$24,954$24,495$24,050$23,619$23,097
3 years$16,783$16,308$15,850$15,409$14,985$14,476
4 years$12,462$11,988$11,535$11,101$10,687$10,195
5 years$9,870$9,399$8,951$8,527$8,124$7,649
6 years$8,143$7,675$7,234$6,819$6,428$5,972
7 years$6,909$6,445$6,012$5,606$5,228$4,790
8 years$5,984$5,525$5,098$4,703$4,337$3,918
9 years$5,266$4,810$4,391$4,006$3,653$3,252
10 years$4,691$4,240$3,828$3,453$3,112$2,730
11 years$4,221$3,775$3,370$3,005$2,677$2,312
12 years$3,830$3,388$2,991$2,636$2,319$1,973
13 years$3,499$3,062$2,672$2,327$2,023$1,693
14 years$3,215$2,783$2,401$2,066$1,773$1,460
15 years$2,970$2,542$2,168$1,842$1,561$1,265
16 years$2,756$2,333$1,966$1,650$1,380$1,099
17 years$2,567$2,148$1,789$1,482$1,223$958
18 years$2,399$1,985$1,633$1,336$1,088$837
19 years$2,249$1,840$1,495$1,207$970$733
20 years$2,114$1,710$1,372$1,093$866$643
21 years$1,992$1,592$1,262$992$775$565
22 years$1,882$1,486$1,163$902$695$497
23 years$1,781$1,390$1,074$822$624$438
24 years$1,688$1,303$993$749$560$386
25 years$1,604$1,222$920$684$504$341
26 years$1,525$1,149$853$626$454$301
27 years$1,453$1,081$792$573$410$266
28 years$1,386$1,019$736$525$370$235
29 years$1,324$961$685$481$334$208
30 years$1,266$908$638$442$302$185
31 years$1,212$858$595$406$273$164
32 years$1,161$812$555$373$247$145
33 years$1,114$769$518$343$223$128
34 years$1,069$729$484$315$202$114
35 years$1,027$691$453$290$183$101
36 years$988$656$424$267$166$90
37 years$951$623$396$246$150$80
38 years$915$592$371$227$136$71
39 years$882$563$348$209$124$63
40 years$850$536$326$193$112$56
41 years$820$510$306$178$102$49
42 years$792$486$287$164$92$44
43 years$765$463$269$152$84$39
44 years$739$441$253$140$76$35
45 years$714$421$237$129$69$31
46 years$691$401$223$120$63$27
47 years$669$383$209$110$57$24
48 years$647$366$197$102$52$22
49 years$627$349$185$94$47$19
50 years$607$333$174$87$43$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $622,000, adding $5,185 every year, while hoping to spend $38,625 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: 53/18/29 Blend
39$622,000$622,000$622,000$622,000
40$690,792$657,826$648,185$721,558
41$720,156$648,963$628,803$734,597
42$751,221$638,371$607,476$744,443
43$784,119$625,925$584,100$754,398
44$818,995$611,491$558,564$764,488
45$856,008$594,929$530,751$774,746
46$895,331$576,091$500,541$785,208
47$937,152$554,817$467,807$795,916
48$981,681$530,942$432,417$806,922
49$1,029,142$504,288$394,234$818,282
50$1,079,786$474,670$353,112$830,064
51$1,133,884$441,888$308,901$842,344
52$1,191,735$405,735$261,443$855,211
53$1,253,666$365,990$210,575$868,764
54$1,320,035$322,419$156,125$883,117
55$1,391,237$274,776$97,914$898,401
56$1,467,703$222,800$35,753$914,762
57$1,549,907$166,215$0$932,367
58$1,638,369$104,732$0$960,867
59$1,733,662$38,042$0$1,003,433
60$1,836,411$0$0$1,049,295
61$1,947,308$0$0$1,105,560
62$2,067,109$0$0$1,174,529
63$2,196,647$0$0$1,249,154
64$2,336,836$0$0$1,329,968
65$2,488,683$0$0$1,417,557
66$2,653,293$0$0$1,512,566
67$2,831,883$0$0$1,615,704
68$3,025,789$0$0$1,727,750
69$3,236,482$0$0$1,849,564
70$3,465,582$0$0$1,982,089
71$3,714,867$0$0$2,126,363
72$3,986,297$0$0$2,283,529
73$4,282,028$0$0$2,454,845
74$4,604,430$0$0$2,641,695
75$4,956,115$0$0$2,845,601
76$5,339,955$0$0$3,068,241
77$5,759,115$0$0$3,311,461
78$6,217,075$0$0$3,577,293
79$6,717,668$0$0$3,867,973
80$7,265,115$0$0$4,185,966
81$7,864,063$0$0$4,533,982
82$8,519,627$0$0$4,915,009
83$9,237,442$0$0$5,332,336
84$10,023,712$0$0$5,789,583
85$10,885,268$0$0$6,290,741
86$11,829,637$0$0$6,840,201
87$12,865,104$0$0$7,442,802
88$14,000,797$0$0$8,103,873
89$15,246,770$0$0$8,829,282
90$16,614,096$0$0$9,625,497
91$18,114,972$0$0$10,499,637
92$19,762,833$0$0$11,459,548
93$21,572,481$0$0$12,513,873
94$23,560,219$0$0$13,672,130
95$25,744,007$0$0$14,944,807
96$28,143,632$0$0$16,343,458
97$30,780,892$0$0$17,880,811
98$33,679,800$0$0$19,570,889
99$36,866,813$0$0$21,429,142
100$40,371,080$0$0$23,472,591