Can I retire at age 40 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$49,547$49,106$48,676$48,255$47,845$47,563
2 years$24,528$24,072$23,629$23,200$22,783$22,499
3 years$16,190$15,731$15,289$14,864$14,455$14,177
4 years$12,021$11,564$11,127$10,709$10,309$10,040
5 years$9,521$9,066$8,635$8,225$7,837$7,577
6 years$7,855$7,403$6,978$6,578$6,201$5,950
7 years$6,665$6,217$5,799$5,408$5,043$4,802
8 years$5,773$5,329$4,918$4,537$4,184$3,953
9 years$5,079$4,640$4,236$3,864$3,523$3,302
10 years$4,525$4,090$3,693$3,331$3,002$2,790
11 years$4,072$3,641$3,251$2,899$2,582$2,379
12 years$3,694$3,268$2,885$2,543$2,237$2,044
13 years$3,375$2,953$2,578$2,245$1,951$1,767
14 years$3,102$2,685$2,316$1,993$1,710$1,535
15 years$2,865$2,452$2,091$1,777$1,506$1,339
16 years$2,658$2,250$1,896$1,591$1,331$1,172
17 years$2,476$2,072$1,725$1,430$1,180$1,030
18 years$2,314$1,915$1,575$1,289$1,049$907
19 years$2,169$1,775$1,442$1,164$935$800
20 years$2,039$1,649$1,323$1,054$835$708
21 years$1,922$1,536$1,217$957$748$627
22 years$1,815$1,434$1,122$870$670$556
23 years$1,718$1,341$1,036$792$601$494
24 years$1,629$1,256$958$723$541$439
25 years$1,547$1,179$887$660$486$391
26 years$1,472$1,108$823$604$438$349
27 years$1,402$1,043$764$552$395$311
28 years$1,337$983$710$506$356$277
29 years$1,277$927$661$464$322$248
30 years$1,221$876$616$426$291$221
31 years$1,169$828$574$391$263$198
32 years$1,120$783$536$360$238$177
33 years$1,075$742$500$331$215$158
34 years$1,032$703$467$304$195$142
35 years$991$667$437$280$177$127
36 years$953$633$409$258$160$114
37 years$917$601$382$238$145$102
38 years$883$571$358$219$131$91
39 years$851$543$336$202$119$82
40 years$820$517$315$186$108$73
41 years$791$492$295$172$98$66
42 years$764$468$277$159$89$59
43 years$738$446$260$146$81$53
44 years$713$425$244$135$73$47
45 years$689$406$229$125$67$42
46 years$667$387$215$115$60$38
47 years$645$369$202$107$55$34
48 years$624$353$190$98$50$31
49 years$605$337$178$91$45$27
50 years$586$322$168$84$41$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $600,000, adding $5,776 every year, while hoping to spend $27,596 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: 60/26/14 Blend
39$600,000$600,000$600,000$600,000
40$667,158$635,358$626,058$704,528
41$705,846$637,129$617,669$732,155
42$747,556$638,061$608,074$758,672
43$792,565$638,085$597,204$786,941
44$841,182$637,126$584,985$817,135
45$893,743$635,106$571,342$849,442
46$950,617$631,939$556,195$884,075
47$1,012,213$627,536$539,460$921,265
48$1,078,978$621,805$521,051$961,270
49$1,151,403$614,643$500,876$1,004,376
50$1,230,030$605,944$478,839$1,050,897
51$1,315,455$595,597$454,842$1,101,181
52$1,408,332$583,482$428,780$1,155,615
53$1,509,381$569,472$400,543$1,214,625
54$1,619,396$553,433$370,019$1,278,681
55$1,739,247$535,225$337,088$1,348,305
56$1,869,896$514,697$301,626$1,424,072
57$2,012,398$491,690$263,503$1,506,619
58$2,167,916$466,036$222,584$1,596,650
59$2,337,730$437,558$178,727$1,694,942
60$2,523,249$406,069$131,785$1,802,353
61$2,726,023$371,369$81,603$1,919,834
62$2,947,761$333,249$28,019$2,048,432
63$3,190,342$291,488$0$2,189,307
64$3,455,836$245,850$0$2,348,093
65$3,746,523$196,088$0$2,526,599
66$4,064,913$141,942$0$2,722,222
67$4,413,771$83,133$0$2,936,715
68$4,796,140$19,372$0$3,172,010
69$5,215,375$0$0$3,430,242
70$5,675,167$0$0$3,727,967
71$6,179,585$0$0$4,060,718
72$6,733,108$0$0$4,425,913
73$7,340,671$0$0$4,826,814
74$8,007,711$0$0$5,267,016
75$8,740,215$0$0$5,750,475
76$9,544,779$0$0$6,281,553
77$10,428,670$0$0$6,865,055
78$11,399,894$0$0$7,506,270
79$12,467,268$0$0$8,211,031
80$13,640,509$0$0$8,985,760
81$14,930,321$0$0$9,837,533
82$16,348,495$0$0$10,774,146
83$17,908,024$0$0$11,804,190
84$19,623,223$0$0$12,937,126
85$21,509,863$0$0$14,183,383
86$23,585,319$0$0$15,554,448
87$25,868,738$0$0$17,062,980
88$28,381,213$0$0$18,722,923
89$31,145,988$0$0$20,549,646
90$34,188,671$0$0$22,560,080
91$37,537,480$0$0$24,772,880
92$41,223,508$0$0$27,208,604
93$45,281,011$0$0$29,889,902
94$49,747,741$0$0$32,841,731
95$54,665,291$0$0$36,091,594
96$60,079,495$0$0$39,669,793
97$66,040,855$0$0$43,609,719
98$72,605,021$0$0$47,948,166
99$79,833,314$0$0$52,725,678
100$87,793,304$0$0$57,986,930