Can I retire at age 40 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$50,704$50,252$49,811$49,381$48,961$47,681
2 years$25,101$24,633$24,180$23,741$23,315$22,034
3 years$16,568$16,098$15,646$15,211$14,792$13,550
4 years$12,302$11,834$11,386$10,959$10,550$9,357
5 years$9,743$9,278$8,836$8,417$8,020$6,879
6 years$8,038$7,576$7,141$6,731$6,346$5,258
7 years$6,820$6,362$5,934$5,534$5,161$4,126
8 years$5,907$5,454$5,033$4,643$4,281$3,300
9 years$5,198$4,748$4,335$3,954$3,606$2,676
10 years$4,631$4,186$3,779$3,409$3,072$2,193
11 years$4,167$3,726$3,327$2,967$2,642$1,812
12 years$3,780$3,344$2,953$2,602$2,290$1,508
13 years$3,454$3,022$2,638$2,297$1,997$1,261
14 years$3,174$2,747$2,370$2,039$1,750$1,059
15 years$2,932$2,510$2,140$1,819$1,541$893
16 years$2,720$2,303$1,940$1,628$1,362$755
17 years$2,534$2,121$1,766$1,463$1,208$640
18 years$2,368$1,959$1,612$1,319$1,074$544
19 years$2,220$1,816$1,475$1,191$957$462
20 years$2,087$1,688$1,354$1,079$855$394
21 years$1,967$1,572$1,246$979$765$336
22 years$1,857$1,467$1,148$890$686$287
23 years$1,758$1,372$1,060$811$616$245
24 years$1,667$1,286$980$740$553$210
25 years$1,583$1,207$908$675$498$180
26 years$1,506$1,134$842$618$448$154
27 years$1,435$1,067$782$565$404$132
28 years$1,368$1,006$727$518$365$113
29 years$1,307$949$676$475$329$97
30 years$1,250$896$630$436$298$83
31 years$1,196$847$587$400$269$71
32 years$1,146$801$548$368$243$61
33 years$1,100$759$512$338$220$52
34 years$1,056$719$478$311$199$45
35 years$1,014$682$447$287$181$39
36 years$975$648$418$264$164$33
37 years$938$615$391$243$148$28
38 years$904$585$367$224$134$24
39 years$871$556$343$207$122$21
40 years$839$529$322$191$111$18
41 years$810$503$302$176$100$15
42 years$782$479$283$162$91$13
43 years$755$457$266$150$83$11
44 years$730$435$249$138$75$10
45 years$705$415$234$128$68$8
46 years$682$396$220$118$62$7
47 years$660$378$207$109$56$6
48 years$639$361$194$101$51$5
49 years$619$345$182$93$46$5
50 years$599$329$172$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $614,000, adding $6,618 every year, while hoping to spend $48,702 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: 60/16/24 Blend
39$614,000$614,000$614,000$614,000
40$683,454$650,912$641,395$719,715
41$701,348$630,989$611,064$725,199
42$719,435$608,456$578,083$725,322
43$737,683$583,136$542,315$724,395
44$756,055$554,838$503,611$722,327
45$774,510$523,363$461,819$719,019
46$793,000$488,497$416,780$714,363
47$811,469$450,017$368,325$708,244
48$829,856$407,685$316,281$700,539
49$848,090$361,250$260,466$691,114
50$866,093$310,449$200,688$679,825
51$883,773$255,000$136,751$666,516
52$901,032$194,609$68,446$651,021
53$917,755$128,962$0$633,157
54$933,815$57,731$0$613,870
55$949,071$0$0$610,588
56$963,363$0$0$609,020
57$976,513$0$0$616,834
58$988,324$0$0$623,736
59$998,574$0$0$629,576
60$1,007,017$0$0$634,192
61$1,013,379$0$0$637,401
62$1,017,354$0$0$639,002
63$1,018,605$0$0$638,768
64$1,016,753$0$0$636,449
65$1,011,381$0$0$631,769
66$1,002,026$0$0$624,419
67$988,172$0$0$614,058
68$969,249$0$0$600,307
69$944,624$0$0$582,748
70$913,598$0$0$560,916
71$875,395$0$0$534,297
72$829,157$0$0$502,321
73$773,933$0$0$464,361
74$708,673$0$0$419,719
75$632,213$0$0$367,625
76$543,270$0$0$307,228
77$440,421$0$0$237,587
78$322,096$0$0$157,662
79$186,560$0$0$66,303
80$31,895$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