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%18.3%
1 years$49,547$49,106$48,676$48,255$47,845$46,239
2 years$24,528$24,072$23,629$23,200$22,783$21,182
3 years$16,190$15,731$15,289$14,864$14,455$12,907
4 years$12,021$11,564$11,127$10,709$10,309$8,828
5 years$9,521$9,066$8,635$8,225$7,837$6,425
6 years$7,855$7,403$6,978$6,578$6,201$4,860
7 years$6,665$6,217$5,799$5,408$5,043$3,773
8 years$5,773$5,329$4,918$4,537$4,184$2,984
9 years$5,079$4,640$4,236$3,864$3,523$2,392
10 years$4,525$4,090$3,693$3,331$3,002$1,937
11 years$4,072$3,641$3,251$2,899$2,582$1,581
12 years$3,694$3,268$2,885$2,543$2,237$1,299
13 years$3,375$2,953$2,578$2,245$1,951$1,073
14 years$3,102$2,685$2,316$1,993$1,710$889
15 years$2,865$2,452$2,091$1,777$1,506$740
16 years$2,658$2,250$1,896$1,591$1,331$617
17 years$2,476$2,072$1,725$1,430$1,180$516
18 years$2,314$1,915$1,575$1,289$1,049$432
19 years$2,169$1,775$1,442$1,164$935$362
20 years$2,039$1,649$1,323$1,054$835$304
21 years$1,922$1,536$1,217$957$748$256
22 years$1,815$1,434$1,122$870$670$215
23 years$1,718$1,341$1,036$792$601$181
24 years$1,629$1,256$958$723$541$153
25 years$1,547$1,179$887$660$486$129
26 years$1,472$1,108$823$604$438$108
27 years$1,402$1,043$764$552$395$92
28 years$1,337$983$710$506$356$77
29 years$1,277$927$661$464$322$65
30 years$1,221$876$616$426$291$55
31 years$1,169$828$574$391$263$46
32 years$1,120$783$536$360$238$39
33 years$1,075$742$500$331$215$33
34 years$1,032$703$467$304$195$28
35 years$991$667$437$280$177$24
36 years$953$633$409$258$160$20
37 years$917$601$382$238$145$17
38 years$883$571$358$219$131$14
39 years$851$543$336$202$119$12
40 years$820$517$315$186$108$10
41 years$791$492$295$172$98$9
42 years$764$468$277$159$89$7
43 years$738$446$260$146$81$6
44 years$713$425$244$135$73$5
45 years$689$406$229$125$67$4
46 years$667$387$215$115$60$4
47 years$645$369$202$107$55$3
48 years$624$353$190$98$50$3
49 years$605$337$178$91$45$2
50 years$586$322$168$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $600,000, adding $3,086 every year, while hoping to spend $38,606 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: 54/22/24 Blend
39$600,000$600,000$600,000$600,000
40$664,383$632,583$623,283$695,713
41$691,074$622,503$603,087$707,531
42$719,193$610,636$580,920$716,122
43$748,846$596,852$556,675$724,672
44$780,146$581,016$530,242$733,189
45$813,219$562,984$501,504$741,685
46$848,201$542,603$470,337$750,176
47$885,240$519,713$436,616$758,682
48$924,498$494,143$400,206$767,227
49$966,153$465,712$360,970$775,841
50$1,010,398$434,230$318,760$784,558
51$1,057,447$399,495$273,426$793,421
52$1,107,529$361,293$224,809$802,479
53$1,160,900$319,399$172,743$811,791
54$1,217,838$273,575$117,055$821,424
55$1,278,646$223,570$57,566$831,457
56$1,343,660$169,117$0$841,981
57$1,413,245$109,935$0$854,616
58$1,487,802$45,728$0$883,795
59$1,567,772$0$0$914,953
60$1,653,638$0$0$954,064
61$1,745,929$0$0$1,008,040
62$1,845,228$0$0$1,066,157
63$1,952,174$0$0$1,128,793
64$2,067,469$0$0$1,196,366
65$2,191,883$0$0$1,269,333
66$2,326,263$0$0$1,348,197
67$2,471,541$0$0$1,433,511
68$2,628,739$0$0$1,525,883
69$2,798,981$0$0$1,625,981
70$2,983,505$0$0$1,734,539
71$3,183,670$0$0$1,852,365
72$3,400,971$0$0$1,980,348
73$3,637,053$0$0$2,119,465
74$3,893,724$0$0$2,270,791
75$4,172,975$0$0$2,435,510
76$4,476,995$0$0$2,614,922
77$4,808,194$0$0$2,810,461
78$5,169,224$0$0$3,023,702
79$5,563,002$0$0$3,256,382
80$5,992,741$0$0$3,510,408
81$6,461,976$0$0$3,787,884
82$6,974,600$0$0$4,091,125
83$7,534,896$0$0$4,422,678
84$8,147,583$0$0$4,785,348
85$8,817,854$0$0$5,182,224
86$9,551,427$0$0$5,616,709
87$10,354,601$0$0$6,092,546
88$11,234,310$0$0$6,613,861
89$12,198,191$0$0$7,185,197
90$13,254,654$0$0$7,811,555
91$14,412,962$0$0$8,498,446
92$15,683,317$0$0$9,251,939
93$17,076,956$0$0$10,078,717
94$18,606,255$0$0$10,986,144
95$20,284,847$0$0$11,982,329
96$22,127,749$0$0$13,076,207
97$24,151,503$0$0$14,277,618
98$26,374,332$0$0$15,597,404
99$28,816,310$0$0$17,047,507
100$31,499,551$0$0$18,641,084