Can I retire at age 40 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$50,538$50,088$49,649$49,220$48,802$48,332
2 years$25,019$24,553$24,101$23,664$23,239$22,766
3 years$16,514$16,046$15,595$15,162$14,744$14,282
4 years$12,262$11,795$11,349$10,923$10,515$10,068
5 years$9,711$9,248$8,808$8,390$7,994$7,563
6 years$8,012$7,551$7,118$6,709$6,325$5,911
7 years$6,798$6,342$5,915$5,516$5,144$4,747
8 years$5,888$5,436$5,016$4,627$4,267$3,887
9 years$5,181$4,733$4,321$3,942$3,594$3,230
10 years$4,615$4,172$3,767$3,398$3,062$2,714
11 years$4,153$3,714$3,316$2,957$2,633$2,302
12 years$3,768$3,333$2,943$2,594$2,282$1,967
13 years$3,443$3,012$2,629$2,290$1,990$1,690
14 years$3,164$2,738$2,363$2,033$1,744$1,459
15 years$2,922$2,501$2,133$1,813$1,536$1,265
16 years$2,711$2,295$1,934$1,623$1,357$1,101
17 years$2,525$2,114$1,760$1,458$1,204$961
18 years$2,360$1,953$1,606$1,314$1,070$841
19 years$2,213$1,810$1,471$1,188$954$737
20 years$2,080$1,682$1,350$1,076$852$648
21 years$1,960$1,567$1,241$976$762$570
22 years$1,851$1,463$1,144$888$683$502
23 years$1,752$1,368$1,056$808$614$443
24 years$1,661$1,282$977$737$551$391
25 years$1,578$1,203$905$673$496$346
26 years$1,501$1,130$839$616$447$306
27 years$1,430$1,064$779$563$403$271
28 years$1,364$1,002$725$516$364$240
29 years$1,303$946$674$473$328$213
30 years$1,246$893$628$434$297$189
31 years$1,193$844$585$399$268$168
32 years$1,143$799$546$367$243$149
33 years$1,096$757$510$337$220$132
34 years$1,052$717$477$310$199$117
35 years$1,011$680$446$286$180$104
36 years$972$645$417$263$163$93
37 years$935$613$390$242$148$82
38 years$901$583$365$223$134$73
39 years$868$554$342$206$122$65
40 years$837$527$321$190$110$58
41 years$807$502$301$175$100$52
42 years$779$478$282$162$91$46
43 years$753$455$265$149$82$41
44 years$727$434$249$138$75$36
45 years$703$414$233$127$68$32
46 years$680$395$219$118$62$29
47 years$658$377$206$109$56$26
48 years$637$360$194$100$51$23
49 years$617$343$182$93$46$20
50 years$598$328$171$86$42$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $612,000, adding $4,274 every year, while hoping to spend $23,101 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: 43/44/13 Blend
39$612,000$612,000$612,000$612,000
40$678,833$646,397$636,911$705,287
41$723,494$653,491$633,668$731,312
42$771,937$660,158$629,542$756,844
43$824,523$666,354$624,480$783,997
44$881,648$672,029$618,424$812,930
45$943,750$677,133$611,315$843,818
46$1,011,311$681,610$603,092$876,855
47$1,084,858$685,403$593,689$912,256
48$1,164,975$688,449$583,039$950,260
49$1,252,301$690,682$571,070$991,131
50$1,347,543$692,032$557,708$1,035,159
51$1,451,475$692,425$542,874$1,082,668
52$1,564,953$691,781$526,488$1,134,016
53$1,688,917$690,017$508,464$1,189,597
54$1,824,401$687,043$488,712$1,249,850
55$1,972,547$682,764$467,141$1,315,258
56$2,134,608$677,081$443,651$1,386,356
57$2,311,966$669,886$418,142$1,463,737
58$2,506,143$661,067$390,506$1,548,055
59$2,718,815$650,504$360,633$1,640,034
60$2,951,825$638,071$328,406$1,740,475
61$3,207,208$623,632$293,703$1,850,261
62$3,487,199$607,047$256,399$1,970,371
63$3,794,265$588,163$216,359$2,101,885
64$4,131,119$566,823$173,447$2,245,998
65$4,500,753$542,857$127,517$2,404,031
66$4,906,460$516,086$78,418$2,577,440
67$5,351,867$486,323$25,994$2,767,837
68$5,840,972$453,367$0$2,977,001
69$6,378,177$417,008$0$3,211,054
70$6,968,331$377,022$0$3,472,130
71$7,616,778$333,173$0$3,759,041
72$8,329,404$285,213$0$4,074,462
73$9,112,692$232,877$0$4,421,345
74$9,973,787$175,889$0$4,802,944
75$10,920,559$113,953$0$5,222,856
76$11,961,679$46,760$0$5,685,044
77$13,106,701$0$0$6,193,885
78$14,366,151$0$0$6,766,803
79$15,751,625$0$0$7,422,041
80$17,275,902$0$0$8,143,011
81$18,953,060$0$0$8,936,383
82$20,798,611$0$0$9,809,508
83$22,829,646$0$0$10,770,481
84$25,064,999$0$0$11,828,227
85$27,525,420$0$0$12,992,576
86$30,233,774$0$0$14,274,362
87$33,215,253$0$0$15,685,521
88$36,497,619$0$0$17,239,207
89$40,111,460$0$0$18,949,911
90$44,090,482$0$0$20,833,605
91$48,471,825$0$0$22,907,887
92$53,296,415$0$0$25,192,146
93$58,609,347$0$0$27,707,751
94$64,460,315$0$0$30,478,247
95$70,904,075$0$0$33,529,579
96$78,000,966$0$0$36,890,338
97$85,817,477$0$0$40,592,027
98$94,426,875$0$0$44,669,363
99$103,909,896$0$0$49,160,601
100$114,355,507$0$0$54,107,897