Can I retire at age 40 with 606,000?

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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$50,043$49,597$49,162$48,738$48,323$47,367
2 years$24,774$24,312$23,865$23,432$23,011$22,052
3 years$16,352$15,888$15,442$15,013$14,599$13,667
4 years$12,142$11,680$11,238$10,816$10,412$9,514
5 years$9,616$9,157$8,721$8,308$7,915$7,053
6 years$7,933$7,477$7,048$6,644$6,263$5,438
7 years$6,731$6,279$5,857$5,462$5,094$4,307
8 years$5,830$5,383$4,967$4,582$4,226$3,476
9 years$5,130$4,687$4,278$3,903$3,559$2,846
10 years$4,570$4,131$3,730$3,364$3,032$2,356
11 years$4,112$3,678$3,284$2,928$2,608$1,967
12 years$3,731$3,301$2,914$2,568$2,260$1,654
13 years$3,409$2,983$2,604$2,267$1,971$1,398
14 years$3,133$2,711$2,339$2,013$1,727$1,187
15 years$2,894$2,477$2,112$1,795$1,521$1,012
16 years$2,685$2,273$1,915$1,607$1,344$865
17 years$2,501$2,093$1,743$1,444$1,192$742
18 years$2,337$1,934$1,591$1,301$1,060$638
19 years$2,191$1,792$1,456$1,176$945$549
20 years$2,060$1,666$1,336$1,065$844$473
21 years$1,941$1,551$1,229$967$755$409
22 years$1,833$1,448$1,133$879$677$353
23 years$1,735$1,354$1,046$800$608$306
24 years$1,645$1,269$967$730$546$265
25 years$1,562$1,191$896$667$491$230
26 years$1,486$1,119$831$610$443$199
27 years$1,416$1,053$772$558$399$173
28 years$1,351$993$717$511$360$150
29 years$1,290$936$668$469$325$130
30 years$1,234$884$622$430$294$113
31 years$1,181$836$580$395$266$99
32 years$1,132$791$541$363$240$86
33 years$1,085$749$505$334$217$75
34 years$1,042$710$472$307$197$65
35 years$1,001$673$441$283$178$56
36 years$962$639$413$260$162$49
37 years$926$607$386$240$146$43
38 years$892$577$362$221$133$37
39 years$859$549$339$204$120$32
40 years$828$522$318$188$109$28
41 years$799$497$298$174$99$25
42 years$772$473$279$160$90$21
43 years$745$451$262$148$82$19
44 years$720$430$246$137$74$16
45 years$696$410$231$126$67$14
46 years$673$391$217$116$61$12
47 years$651$373$204$108$55$11
48 years$631$356$192$99$50$9
49 years$611$340$180$92$46$8
50 years$592$325$169$85$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $606,000, adding $2,441 every year, while hoping to spend $43,377 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$606,000$606,000$606,000$606,000
40$670,330$638,212$628,819$710,171
41$692,551$623,331$603,732$722,440
42$715,584$606,268$576,350$730,744
43$739,468$586,869$546,551$738,858
44$764,240$564,973$514,208$746,764
45$789,944$540,408$479,185$754,447
46$816,624$512,993$441,343$761,889
47$844,328$482,538$400,536$769,074
48$873,106$448,839$356,611$775,984
49$903,013$411,682$309,408$782,602
50$934,107$370,842$258,760$788,911
51$966,452$326,078$204,494$794,895
52$1,000,113$277,139$146,427$800,537
53$1,035,162$223,757$84,371$805,821
54$1,071,677$165,649$18,126$810,733
55$1,109,741$102,519$0$815,259
56$1,149,443$34,051$0$835,091
57$1,190,880$0$0$861,312
58$1,234,156$0$0$890,766
59$1,279,382$0$0$923,514
60$1,326,681$0$0$957,772
61$1,376,184$0$0$993,636
62$1,428,032$0$0$1,031,211
63$1,482,381$0$0$1,070,609
64$1,539,397$0$0$1,111,953
65$1,599,262$0$0$1,155,378
66$1,662,172$0$0$1,201,026
67$1,728,343$0$0$1,249,057
68$1,798,007$0$0$1,299,641
69$1,871,418$0$0$1,352,964
70$1,948,852$0$0$1,409,230
71$2,030,611$0$0$1,468,661
72$2,117,023$0$0$1,531,498
73$2,208,447$0$0$1,598,005
74$2,305,274$0$0$1,668,470
75$2,407,932$0$0$1,743,207
76$2,516,887$0$0$1,822,562
77$2,632,651$0$0$1,906,909
78$2,755,783$0$0$1,996,660
79$2,886,895$0$0$2,092,267
80$3,026,655$0$0$2,194,221
81$3,175,798$0$0$2,303,064
82$3,335,127$0$0$2,419,388
83$3,505,523$0$0$2,543,841
84$3,687,950$0$0$2,677,135
85$3,883,468$0$0$2,820,050
86$4,093,239$0$0$2,973,444
87$4,318,536$0$0$3,138,254
88$4,560,759$0$0$3,315,512
89$4,821,444$0$0$3,506,352
90$5,102,276$0$0$3,712,016
91$5,405,108$0$0$3,933,870
92$5,731,974$0$0$4,173,415
93$6,085,110$0$0$4,432,299
94$6,466,973$0$0$4,712,336
95$6,880,264$0$0$5,015,516
96$7,327,950$0$0$5,344,030
97$7,813,296$0$0$5,700,287
98$8,339,891$0$0$6,086,932
99$8,911,682$0$0$6,506,880
100$9,533,012$0$0$6,963,334