Can I retire at age 40 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$50,373$49,925$49,487$49,059$48,642$48,437
2 years$24,937$24,473$24,023$23,586$23,163$22,956
3 years$16,460$15,993$15,544$15,112$14,696$14,493
4 years$12,222$11,757$11,312$10,887$10,481$10,285
5 years$9,680$9,217$8,779$8,363$7,967$7,778
6 years$7,985$7,527$7,095$6,688$6,304$6,121
7 years$6,776$6,321$5,896$5,498$5,127$4,951
8 years$5,869$5,418$5,000$4,612$4,253$4,084
9 years$5,164$4,718$4,306$3,929$3,582$3,420
10 years$4,600$4,158$3,754$3,387$3,052$2,897
11 years$4,140$3,702$3,305$2,947$2,625$2,476
12 years$3,756$3,323$2,933$2,585$2,275$2,133
13 years$3,431$3,003$2,621$2,282$1,984$1,848
14 years$3,153$2,729$2,355$2,026$1,739$1,609
15 years$2,913$2,493$2,126$1,807$1,531$1,408
16 years$2,703$2,288$1,928$1,618$1,353$1,236
17 years$2,517$2,107$1,754$1,454$1,200$1,088
18 years$2,353$1,947$1,601$1,310$1,067$961
19 years$2,205$1,804$1,466$1,184$951$851
20 years$2,073$1,677$1,345$1,072$849$754
21 years$1,954$1,562$1,237$973$760$670
22 years$1,845$1,458$1,140$885$681$596
23 years$1,746$1,363$1,053$806$612$531
24 years$1,656$1,277$974$735$550$474
25 years$1,573$1,199$902$671$495$423
26 years$1,496$1,127$837$614$446$378
27 years$1,425$1,060$777$562$402$339
28 years$1,360$999$722$515$362$303
29 years$1,299$943$672$472$327$272
30 years$1,242$890$626$433$296$243
31 years$1,189$841$584$398$267$218
32 years$1,139$796$544$366$242$196
33 years$1,092$754$508$336$219$176
34 years$1,049$715$475$309$198$158
35 years$1,008$678$444$285$179$142
36 years$969$643$415$262$163$127
37 years$932$611$389$242$147$115
38 years$898$581$364$223$134$103
39 years$865$552$341$205$121$93
40 years$834$525$320$189$110$83
41 years$805$500$300$175$100$75
42 years$777$476$281$161$90$67
43 years$750$454$264$149$82$61
44 years$725$433$248$137$75$55
45 years$701$412$233$127$68$49
46 years$678$394$218$117$61$44
47 years$656$376$205$108$56$40
48 years$635$358$193$100$51$36
49 years$615$342$181$93$46$32
50 years$596$327$170$86$42$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $610,000, adding $3,160 every year, while hoping to spend $49,282 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: 46/24/30 Blend
39$610,000$610,000$610,000$610,000
40$675,480$643,150$633,695$700,586
41$691,943$622,228$602,488$697,817
42$708,434$598,630$568,584$689,837
43$724,903$572,172$531,840$680,249
44$741,294$542,660$492,108$668,930
45$757,545$509,889$449,232$655,749
46$773,583$473,642$403,050$640,563
47$789,329$433,690$353,393$623,223
48$804,691$389,792$300,082$603,566
49$819,567$341,690$242,933$581,419
50$833,845$289,114$181,752$556,596
51$847,395$231,778$116,339$528,899
52$860,074$169,381$46,482$498,113
53$871,724$101,603$0$464,009
54$882,166$28,107$0$435,326
55$891,201$0$0$419,277
56$898,607$0$0$414,352
57$904,139$0$0$415,859
58$907,522$0$0$416,236
59$908,452$0$0$415,328
60$906,590$0$0$412,961
61$901,561$0$0$408,943
62$892,947$0$0$403,062
63$880,287$0$0$395,082
64$863,067$0$0$384,742
65$840,721$0$0$371,752
66$812,618$0$0$355,792
67$778,062$0$0$336,506
68$736,282$0$0$313,503
69$686,424$0$0$286,348
70$627,545$0$0$254,560
71$558,600$0$0$217,608
72$478,434$0$0$174,906
73$385,772$0$0$125,803
74$279,202$0$0$69,583
75$157,165$0$0$5,454
76$17,939$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0