Can I retire at age 40 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$51,529$51,070$50,623$50,185$49,759$47,766
2 years$25,510$25,034$24,574$24,128$23,695$21,712
3 years$16,837$16,360$15,901$15,459$15,033$13,122
4 years$12,502$12,027$11,572$11,137$10,722$8,898
5 years$9,902$9,429$8,980$8,554$8,150$6,419
6 years$8,169$7,699$7,257$6,841$6,449$4,810
7 years$6,931$6,466$6,031$5,624$5,245$3,698
8 years$6,004$5,543$5,115$4,718$4,351$2,895
9 years$5,283$4,826$4,405$4,019$3,664$2,297
10 years$4,706$4,254$3,841$3,464$3,122$1,840
11 years$4,235$3,787$3,381$3,015$2,685$1,486
12 years$3,842$3,399$3,001$2,645$2,327$1,207
13 years$3,510$3,072$2,681$2,335$2,029$985
14 years$3,226$2,792$2,409$2,073$1,779$807
15 years$2,980$2,551$2,175$1,848$1,566$663
16 years$2,765$2,340$1,972$1,655$1,384$546
17 years$2,575$2,155$1,794$1,487$1,227$451
18 years$2,407$1,991$1,638$1,340$1,091$373
19 years$2,256$1,846$1,499$1,211$973$309
20 years$2,121$1,715$1,376$1,097$869$256
21 years$1,999$1,597$1,266$995$777$212
22 years$1,888$1,491$1,167$905$697$176
23 years$1,786$1,395$1,077$824$626$146
24 years$1,694$1,307$996$752$562$122
25 years$1,609$1,226$923$686$506$101
26 years$1,530$1,153$856$628$456$84
27 years$1,458$1,085$795$575$411$70
28 years$1,391$1,022$739$526$371$58
29 years$1,328$964$687$483$335$49
30 years$1,270$911$640$443$302$40
31 years$1,216$861$597$407$273$34
32 years$1,165$814$557$374$247$28
33 years$1,117$771$520$344$224$23
34 years$1,073$731$486$316$203$19
35 years$1,031$693$454$291$184$16
36 years$991$658$425$268$166$13
37 years$954$625$398$247$151$11
38 years$918$594$372$228$137$9
39 years$885$565$349$210$124$8
40 years$853$537$327$194$112$7
41 years$823$512$307$179$102$5
42 years$794$487$288$165$93$5
43 years$767$464$270$152$84$4
44 years$741$443$253$141$76$3
45 years$717$422$238$130$69$3
46 years$693$403$223$120$63$2
47 years$671$384$210$111$57$2
48 years$649$367$197$102$52$2
49 years$629$350$185$95$47$1
50 years$609$335$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 $624,000, adding $4,562 every year, while hoping to spend $53,126 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: 79/9/12 Blend
39$624,000$624,000$624,000$624,000
40$692,354$659,282$649,610$745,138
41$706,448$635,061$614,846$756,260
42$720,200$607,873$577,137$761,147
43$733,517$577,516$536,328$764,977
44$746,299$543,776$492,258$767,622
45$758,429$506,430$444,757$768,940
46$769,782$465,238$393,649$768,776
47$780,213$419,948$338,750$766,957
48$789,564$370,294$279,867$763,298
49$797,656$315,995$216,799$757,592
50$804,291$256,753$149,336$749,612
51$809,250$192,255$77,260$739,110
52$812,286$122,168$340$725,813
53$813,127$46,143$0$709,421
54$811,471$0$0$700,072
55$806,981$0$0$691,248
56$799,284$0$0$684,192
57$787,967$0$0$673,973
58$772,572$0$0$660,191
59$752,589$0$0$642,404
60$727,456$0$0$620,121
61$696,550$0$0$592,799
62$659,180$0$0$559,838
63$614,584$0$0$520,571
64$561,916$0$0$474,264
65$500,243$0$0$420,102
66$428,530$0$0$357,185
67$345,637$0$0$284,519
68$250,300$0$0$201,005
69$141,126$0$0$105,428
70$16,572$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0