Can I retire at age 40 with 602,000?

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 $602,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$49,713$49,270$48,838$48,416$48,004$47,365
2 years$24,610$24,152$23,708$23,277$22,859$22,216
3 years$16,244$15,784$15,340$14,914$14,503$13,876
4 years$12,061$11,603$11,164$10,745$10,344$9,738
5 years$9,553$9,097$8,664$8,253$7,863$7,280
6 years$7,881$7,428$7,002$6,600$6,222$5,662
7 years$6,687$6,238$5,818$5,426$5,060$4,524
8 years$5,792$5,347$4,934$4,552$4,198$3,686
9 years$5,096$4,656$4,250$3,877$3,535$3,047
10 years$4,540$4,104$3,705$3,342$3,012$2,547
11 years$4,085$3,653$3,262$2,909$2,590$2,148
12 years$3,707$3,279$2,895$2,551$2,245$1,824
13 years$3,386$2,963$2,586$2,252$1,958$1,558
14 years$3,112$2,694$2,324$1,999$1,716$1,338
15 years$2,875$2,461$2,098$1,783$1,511$1,153
16 years$2,667$2,258$1,902$1,597$1,335$997
17 years$2,484$2,079$1,731$1,435$1,184$865
18 years$2,322$1,921$1,580$1,293$1,053$752
19 years$2,177$1,781$1,447$1,168$938$655
20 years$2,046$1,655$1,328$1,058$838$572
21 years$1,928$1,541$1,221$960$750$500
22 years$1,821$1,439$1,125$873$672$437
23 years$1,723$1,346$1,039$795$604$383
24 years$1,634$1,261$961$725$542$336
25 years$1,552$1,183$890$662$488$295
26 years$1,476$1,112$826$606$440$259
27 years$1,407$1,046$767$554$396$228
28 years$1,342$986$713$508$358$200
29 years$1,282$930$663$466$323$176
30 years$1,225$878$618$427$292$155
31 years$1,173$830$576$393$264$137
32 years$1,124$786$537$361$239$121
33 years$1,078$744$502$332$216$106
34 years$1,035$705$469$305$196$94
35 years$994$669$438$281$177$83
36 years$956$635$410$259$160$73
37 years$920$603$384$238$145$64
38 years$886$573$359$220$132$57
39 years$854$545$337$203$120$50
40 years$823$518$316$187$108$44
41 years$794$494$296$172$98$39
42 years$766$470$278$159$89$34
43 years$740$448$260$147$81$30
44 years$715$427$244$136$74$27
45 years$691$407$230$125$67$24
46 years$669$388$216$116$61$21
47 years$647$371$203$107$55$18
48 years$626$354$190$99$50$16
49 years$607$338$179$91$45$14
50 years$588$323$168$84$41$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $602,000, adding $3,238 every year, while hoping to spend $25,808 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: 67/5/28 Blend
39$602,000$602,000$602,000$602,000
40$666,744$634,838$625,507$706,322
41$707,292$638,486$619,002$737,039
42$751,112$641,447$611,414$767,421
43$798,508$643,661$602,680$800,076
44$849,819$645,063$592,732$835,230
45$905,414$645,585$581,503$873,132
46$965,701$645,153$568,917$914,058
47$1,031,127$643,690$554,900$958,313
48$1,102,184$641,113$539,372$1,006,232
49$1,179,415$637,336$522,249$1,058,187
50$1,263,415$632,264$503,443$1,114,588
51$1,354,839$625,801$482,865$1,175,888
52$1,454,408$617,842$460,417$1,242,586
53$1,562,918$608,276$436,000$1,315,232
54$1,681,240$596,986$409,511$1,394,437
55$1,810,337$583,848$380,840$1,480,873
56$1,951,266$568,731$349,873$1,575,279
57$2,105,192$551,497$316,491$1,678,476
58$2,273,399$531,997$280,570$1,791,366
59$2,457,297$510,076$241,981$1,914,946
60$2,658,441$485,569$200,587$2,050,315
61$2,878,542$458,303$156,247$2,198,689
62$3,119,485$428,092$108,813$2,361,405
63$3,383,346$394,741$58,131$2,539,941
64$3,672,409$358,045$4,040$2,735,927
65$3,989,191$317,786$0$2,951,162
66$4,336,464$273,733$0$3,203,668
67$4,717,281$225,643$0$3,481,925
68$5,135,004$173,260$0$3,787,194
69$5,593,336$116,312$0$4,122,194
70$6,096,356$54,511$0$4,489,921
71$6,648,559$0$0$4,893,678
72$7,254,893$0$0$5,337,786
73$7,920,811$0$0$5,828,867
74$8,652,319$0$0$6,368,358
75$9,456,034$0$0$6,961,143
76$10,339,244$0$0$7,612,603
77$11,309,981$0$0$8,328,667
78$12,377,092$0$0$9,115,866
79$13,550,322$0$0$9,981,396
80$14,840,412$0$0$10,933,186
81$16,259,191$0$0$11,979,968
82$17,819,695$0$0$13,131,368
83$19,536,286$0$0$14,397,989
84$21,424,786$0$0$15,791,512
85$23,502,632$0$0$17,324,809
86$25,789,031$0$0$19,012,064
87$28,305,152$0$0$20,868,902
88$31,074,314$0$0$22,912,543
89$34,122,215$0$0$25,161,958
90$37,477,169$0$0$27,638,051
91$41,170,374$0$0$30,363,858
92$45,236,209$0$0$33,364,759
93$49,712,552$0$0$36,668,722
94$54,641,143$0$0$40,306,562
95$60,067,974$0$0$44,312,237
96$66,043,725$0$0$48,723,165
97$72,624,240$0$0$53,580,577
98$79,871,056$0$0$58,929,906
99$87,851,980$0$0$64,821,216
100$96,641,732$0$0$71,309,673