Can I retire at age 40 with 623,000?

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 $623,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$51,447$50,988$50,541$50,105$49,679$49,119
2 years$25,469$24,994$24,535$24,089$23,657$23,093
3 years$16,810$16,334$15,876$15,434$15,009$14,459
4 years$12,482$12,007$11,553$11,119$10,704$10,173
5 years$9,886$9,414$8,966$8,541$8,137$7,625
6 years$8,156$7,687$7,246$6,830$6,439$5,947
7 years$6,920$6,456$6,021$5,615$5,236$4,765
8 years$5,994$5,534$5,106$4,711$4,344$3,893
9 years$5,274$4,818$4,398$4,012$3,658$3,227
10 years$4,698$4,247$3,834$3,459$3,117$2,706
11 years$4,228$3,781$3,376$3,010$2,681$2,289
12 years$3,836$3,393$2,996$2,640$2,323$1,950
13 years$3,504$3,067$2,677$2,331$2,026$1,672
14 years$3,221$2,787$2,405$2,069$1,776$1,440
15 years$2,975$2,546$2,171$1,845$1,564$1,245
16 years$2,760$2,336$1,969$1,652$1,382$1,081
17 years$2,571$2,152$1,791$1,485$1,225$940
18 years$2,403$1,988$1,635$1,338$1,089$821
19 years$2,252$1,843$1,497$1,209$971$717
20 years$2,117$1,712$1,374$1,095$867$628
21 years$1,995$1,595$1,264$994$776$551
22 years$1,885$1,489$1,165$903$696$484
23 years$1,784$1,392$1,075$823$625$426
24 years$1,691$1,305$995$750$561$375
25 years$1,606$1,224$921$685$505$331
26 years$1,528$1,151$854$627$455$292
27 years$1,456$1,083$793$574$410$257
28 years$1,389$1,020$738$526$370$227
29 years$1,326$963$686$482$334$201
30 years$1,268$909$639$442$302$178
31 years$1,214$859$596$406$273$157
32 years$1,163$813$556$373$247$139
33 years$1,116$770$519$343$224$123
34 years$1,071$730$485$316$202$109
35 years$1,029$692$454$291$183$96
36 years$989$657$424$268$166$85
37 years$952$624$397$247$151$76
38 years$917$593$372$227$136$67
39 years$883$564$348$210$124$59
40 years$852$537$327$193$112$53
41 years$822$511$306$178$102$47
42 years$793$486$287$165$92$41
43 years$766$463$270$152$84$37
44 years$740$442$253$140$76$33
45 years$716$421$238$130$69$29
46 years$692$402$223$120$63$26
47 years$670$384$210$111$57$23
48 years$648$366$197$102$52$20
49 years$628$350$185$94$47$18
50 years$608$334$174$87$43$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $623,000, adding $2,506 every year, while hoping to spend $22,139 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: 66/20/14 Blend
39$623,000$623,000$623,000$623,000
40$689,131$656,112$646,455$732,195
41$735,867$664,706$644,556$769,854
42$786,627$672,979$641,851$808,178
43$841,800$680,891$638,290$849,514
44$901,811$688,402$633,820$894,154
45$967,129$695,467$628,386$942,424
46$1,038,269$702,038$621,930$994,679
47$1,115,799$708,065$614,391$1,051,312
48$1,200,343$713,493$605,706$1,112,758
49$1,292,589$718,265$595,808$1,179,495
50$1,393,293$722,320$584,628$1,252,050
51$1,503,288$725,592$572,092$1,331,005
52$1,623,491$728,013$558,124$1,417,000
53$1,754,911$729,510$542,645$1,510,744
54$1,898,658$730,003$525,570$1,613,016
55$2,055,958$729,409$506,813$1,724,675
56$2,228,157$727,641$486,282$1,846,671
57$2,416,738$724,605$463,882$1,980,049
58$2,623,336$720,202$439,513$2,125,961
59$2,849,750$714,325$413,071$2,285,681
60$3,097,962$706,864$384,445$2,460,609
61$3,370,153$697,700$353,524$2,652,292
62$3,668,728$686,706$320,186$2,862,434
63$3,996,335$673,751$284,309$3,092,917
64$4,355,889$658,694$245,761$3,345,811
65$4,750,604$641,384$204,409$3,623,404
66$5,184,018$621,664$160,108$3,928,216
67$5,660,029$599,366$112,713$4,263,024
68$6,182,931$574,314$62,068$4,630,893
69$6,757,455$546,320$8,012$5,035,202
70$7,388,812$515,187$0$5,479,674
71$8,082,743$480,704$0$5,975,837
72$8,845,574$442,649$0$6,522,557
73$9,684,273$400,790$0$7,123,655
74$10,606,518$354,877$0$7,784,664
75$11,620,767$304,650$0$8,511,680
76$12,736,339$249,832$0$9,311,423
77$13,963,502$190,130$0$10,191,300
78$15,313,570$125,237$0$11,159,475
79$16,799,008$54,827$0$12,224,944
80$18,433,548$0$0$13,397,625
81$20,232,325$0$0$14,693,166
82$22,212,012$0$0$16,132,332
83$24,390,980$0$0$17,716,418
84$26,789,473$0$0$19,460,145
85$29,429,796$0$0$21,379,738
86$32,336,529$0$0$23,493,070
87$35,536,752$0$0$25,819,840
88$39,060,308$0$0$28,381,750
89$42,940,079$0$0$31,202,715
90$47,212,298$0$0$34,309,090
91$51,916,892$0$0$37,729,910
92$57,097,857$0$0$41,497,175
93$62,803,671$0$0$45,646,144
94$69,087,756$0$0$50,215,670
95$76,008,979$0$0$55,248,567
96$83,632,205$0$0$60,792,012
97$92,028,915$0$0$66,897,993
98$101,277,876$0$0$73,623,798
99$111,465,885$0$0$81,032,555
100$122,688,586$0$0$89,193,828