Can I retire at age 40 with 608,000?

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 $608,000?

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$50,208$49,761$49,325$48,899$48,483$48,197
2 years$24,855$24,393$23,944$23,509$23,087$22,799
3 years$16,406$15,941$15,493$15,062$14,647$14,366
4 years$12,182$11,718$11,275$10,852$10,447$10,174
5 years$9,648$9,187$8,750$8,335$7,941$7,678
6 years$7,959$7,502$7,071$6,666$6,284$6,030
7 years$6,754$6,300$5,876$5,480$5,110$4,866
8 years$5,850$5,400$4,984$4,597$4,240$4,005
9 years$5,147$4,702$4,292$3,916$3,570$3,346
10 years$4,585$4,145$3,742$3,375$3,042$2,827
11 years$4,126$3,690$3,295$2,938$2,616$2,411
12 years$3,743$3,312$2,924$2,577$2,267$2,071
13 years$3,420$2,993$2,612$2,275$1,977$1,790
14 years$3,143$2,720$2,347$2,019$1,733$1,555
15 years$2,903$2,485$2,119$1,801$1,526$1,357
16 years$2,694$2,280$1,921$1,613$1,349$1,188
17 years$2,509$2,100$1,748$1,449$1,196$1,043
18 years$2,345$1,940$1,596$1,306$1,063$919
19 years$2,198$1,798$1,461$1,180$948$811
20 years$2,066$1,671$1,341$1,069$846$717
21 years$1,947$1,557$1,233$970$758$635
22 years$1,839$1,453$1,137$882$679$563
23 years$1,741$1,359$1,050$803$610$501
24 years$1,650$1,273$971$732$548$445
25 years$1,568$1,195$899$669$493$396
26 years$1,491$1,123$834$612$444$353
27 years$1,421$1,057$774$560$400$315
28 years$1,355$996$720$513$361$281
29 years$1,294$939$670$470$326$251
30 years$1,238$887$624$432$295$224
31 years$1,185$839$582$396$266$200
32 years$1,135$794$543$364$241$179
33 years$1,089$752$507$335$218$160
34 years$1,045$712$473$308$198$144
35 years$1,004$676$443$284$179$129
36 years$966$641$414$261$162$115
37 years$929$609$388$241$147$103
38 years$895$579$363$222$133$92
39 years$862$550$340$205$121$83
40 years$831$524$319$189$110$74
41 years$802$498$299$174$99$67
42 years$774$475$280$161$90$60
43 years$748$452$263$148$82$53
44 years$722$431$247$137$74$48
45 years$698$411$232$127$67$43
46 years$675$392$218$117$61$39
47 years$654$374$205$108$56$35
48 years$633$357$192$100$50$31
49 years$613$341$181$92$46$28
50 years$594$326$170$85$42$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $608,000, adding $5,246 every year, while hoping to spend $30,440 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: 78/10/12 Blend
39$608,000$608,000$608,000$608,000
40$675,427$643,203$633,779$726,165
41$711,933$642,332$622,623$759,413
42$751,142$640,398$610,073$791,447
43$793,298$637,317$596,050$825,713
44$838,668$633,000$580,471$862,423
45$887,547$627,351$563,251$901,807
46$940,256$620,271$544,300$944,123
47$997,150$611,652$523,522$989,651
48$1,058,618$601,382$500,819$1,038,703
49$1,125,089$589,341$476,088$1,091,620
50$1,197,032$575,403$449,221$1,148,781
51$1,274,964$559,433$420,105$1,210,602
52$1,359,455$541,289$388,622$1,277,542
53$1,451,128$520,822$354,650$1,350,108
54$1,550,672$497,871$318,060$1,428,857
55$1,658,843$472,269$278,717$1,514,406
56$1,776,472$443,837$236,481$1,607,434
57$1,904,475$412,387$191,206$1,708,690
58$2,043,858$377,721$142,738$1,818,999
59$2,195,730$339,628$90,918$1,939,272
60$2,361,310$297,885$35,579$2,070,514
61$2,541,939$252,258$0$2,213,831
62$2,739,097$202,497$0$2,373,452
63$2,954,407$148,342$0$2,552,774
64$3,189,660$89,515$0$2,748,745
65$3,446,827$25,723$0$2,963,030
66$3,728,078$0$0$3,197,461
67$4,035,801$0$0$3,458,826
68$4,372,627$0$0$3,748,027
69$4,741,452$0$0$4,064,723
70$5,145,466$0$0$4,411,656
71$5,588,181$0$0$4,791,844
72$6,073,467$0$0$5,208,613
73$6,605,583$0$0$5,665,624
74$7,189,223$0$0$6,166,911
75$7,829,555$0$0$6,716,916
76$8,532,272$0$0$7,320,532
77$9,303,646$0$0$7,983,150
78$10,150,584$0$0$8,710,706
79$11,080,695$0$0$9,509,741
80$12,102,363$0$0$10,387,460
81$13,224,821$0$0$11,351,800
82$14,458,242$0$0$12,411,504
83$15,813,834$0$0$13,576,205
84$17,303,942$0$0$14,856,516
85$18,942,171$0$0$16,264,128
86$20,743,505$0$0$17,811,922
87$22,724,456$0$0$19,514,090
88$24,903,215$0$0$21,386,268
89$27,299,825$0$0$23,445,682
90$29,936,369$0$0$25,711,315
91$32,837,177$0$0$28,204,078
92$36,029,056$0$0$30,947,015
93$39,541,546$0$0$33,965,514
94$43,407,193$0$0$37,287,550
95$47,661,855$0$0$40,943,946
96$52,345,048$0$0$44,968,667
97$57,500,310$0$0$49,399,135
98$63,175,615$0$0$54,276,586
99$69,423,824$0$0$59,646,457
100$76,303,186$0$0$65,558,816