Can I retire at age 40 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$50,456$50,006$49,568$49,140$48,722$47,641
2 years$24,978$24,513$24,062$23,625$23,201$22,117
3 years$16,487$16,019$15,570$15,137$14,720$13,667
4 years$12,242$11,776$11,331$10,905$10,498$9,485
5 years$9,696$9,233$8,793$8,376$7,981$7,010
6 years$7,999$7,539$7,106$6,699$6,315$5,388
7 years$6,787$6,331$5,905$5,507$5,136$4,252
8 years$5,879$5,427$5,008$4,620$4,260$3,420
9 years$5,172$4,725$4,314$3,935$3,588$2,790
10 years$4,608$4,165$3,761$3,392$3,057$2,301
11 years$4,146$3,708$3,311$2,952$2,629$1,914
12 years$3,762$3,328$2,938$2,589$2,278$1,603
13 years$3,437$3,008$2,625$2,286$1,987$1,349
14 years$3,159$2,734$2,359$2,029$1,742$1,141
15 years$2,918$2,497$2,130$1,810$1,533$969
16 years$2,707$2,291$1,931$1,620$1,355$825
17 years$2,521$2,110$1,757$1,456$1,202$704
18 years$2,356$1,950$1,604$1,312$1,068$603
19 years$2,209$1,807$1,468$1,186$952$517
20 years$2,077$1,679$1,347$1,074$851$443
21 years$1,957$1,564$1,239$975$761$381
22 years$1,848$1,460$1,142$886$682$328
23 years$1,749$1,366$1,055$807$613$283
24 years$1,659$1,280$975$736$551$244
25 years$1,575$1,201$903$672$495$210
26 years$1,498$1,129$838$615$446$181
27 years$1,428$1,062$778$563$402$157
28 years$1,362$1,001$723$515$363$135
29 years$1,301$944$673$473$328$117
30 years$1,244$892$627$434$296$101
31 years$1,191$843$585$398$268$88
32 years$1,141$798$545$366$242$76
33 years$1,094$755$509$337$219$66
34 years$1,050$716$476$310$198$57
35 years$1,009$679$445$285$180$49
36 years$970$644$416$263$163$43
37 years$934$612$389$242$148$37
38 years$899$582$365$223$134$32
39 years$866$553$342$206$121$28
40 years$835$526$320$190$110$24
41 years$806$501$300$175$100$21
42 years$778$477$282$162$91$18
43 years$751$455$264$149$82$16
44 years$726$433$248$138$75$13
45 years$702$413$233$127$68$12
46 years$679$394$219$117$62$10
47 years$657$376$206$109$56$9
48 years$636$359$193$100$51$8
49 years$616$343$182$93$46$7
50 years$597$328$171$86$42$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $611,000, adding $3,803 every year, while hoping to spend $45,183 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: 37/47/16 Blend
39$611,000$611,000$611,000$611,000
40$677,245$644,862$635,391$698,885
41$698,249$628,386$608,603$698,335
42$719,882$609,588$579,402$693,159
43$742,159$588,307$547,661$686,605
44$765,098$564,372$513,246$678,573
45$788,714$537,602$476,016$668,957
46$813,024$507,806$435,824$657,646
47$838,046$474,782$392,517$644,523
48$863,796$438,316$345,936$629,461
49$890,290$398,181$295,912$612,329
50$917,547$354,139$242,272$592,987
51$945,582$305,936$184,833$571,287
52$974,411$253,307$123,405$547,073
53$1,004,051$195,969$57,789$520,179
54$1,034,517$133,625$0$490,432
55$1,065,824$65,959$0$459,735
56$1,097,987$0$0$436,468
57$1,131,020$0$0$414,396
58$1,164,934$0$0$426,751
59$1,199,741$0$0$439,423
60$1,235,453$0$0$452,417
61$1,272,077$0$0$465,733
62$1,309,621$0$0$479,374
63$1,348,090$0$0$493,339
64$1,387,487$0$0$507,628
65$1,427,812$0$0$522,240
66$1,469,063$0$0$537,172
67$1,511,232$0$0$552,418
68$1,554,312$0$0$567,975
69$1,598,286$0$0$583,833
70$1,643,138$0$0$599,983
71$1,688,841$0$0$616,414
72$1,735,367$0$0$633,110
73$1,782,678$0$0$650,055
74$1,830,729$0$0$667,228
75$1,879,467$0$0$684,604
76$1,928,829$0$0$702,157
77$1,978,743$0$0$719,853
78$2,029,123$0$0$737,656
79$2,079,871$0$0$755,522
80$2,130,874$0$0$773,403
81$2,182,003$0$0$791,244
82$2,233,111$0$0$808,982
83$2,284,032$0$0$826,546
84$2,334,576$0$0$843,855
85$2,384,529$0$0$860,820
86$2,433,649$0$0$877,337
87$2,481,665$0$0$893,294
88$2,528,273$0$0$908,563
89$2,573,128$0$0$922,999
90$2,615,849$0$0$936,444
91$2,656,006$0$0$948,718
92$2,693,118$0$0$959,622
93$2,726,652$0$0$968,933
94$2,756,009$0$0$976,404
95$2,780,525$0$0$981,759
96$2,799,458$0$0$984,692
97$2,811,985$0$0$984,861
98$2,817,190$0$0$981,890
99$2,814,055$0$0$975,358
100$2,801,450$0$0$964,799