Can I retire at age 40 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$50,786$50,334$49,892$49,462$49,041$47,855
2 years$25,142$24,673$24,220$23,780$23,353$22,166
3 years$16,595$16,124$15,672$15,236$14,816$13,664
4 years$12,322$11,853$11,405$10,977$10,567$9,459
5 years$9,759$9,293$8,851$8,431$8,033$6,972
6 years$8,051$7,588$7,153$6,742$6,356$5,344
7 years$6,831$6,373$5,944$5,543$5,169$4,206
8 years$5,917$5,463$5,041$4,650$4,288$3,373
9 years$5,206$4,756$4,342$3,961$3,611$2,743
10 years$4,638$4,192$3,785$3,414$3,077$2,255
11 years$4,173$3,732$3,332$2,971$2,646$1,870
12 years$3,787$3,350$2,957$2,606$2,293$1,561
13 years$3,459$3,027$2,642$2,301$2,000$1,310
14 years$3,179$2,752$2,374$2,043$1,753$1,104
15 years$2,937$2,514$2,144$1,822$1,544$934
16 years$2,725$2,306$1,943$1,631$1,364$793
17 years$2,538$2,124$1,768$1,466$1,210$674
18 years$2,372$1,963$1,614$1,321$1,075$575
19 years$2,224$1,819$1,478$1,193$959$491
20 years$2,090$1,690$1,356$1,081$856$420
21 years$1,970$1,574$1,248$981$766$359
22 years$1,860$1,470$1,150$892$687$308
23 years$1,761$1,375$1,062$812$617$264
24 years$1,669$1,288$982$741$554$227
25 years$1,586$1,209$909$677$499$195
26 years$1,508$1,136$843$619$449$168
27 years$1,437$1,069$783$566$405$144
28 years$1,371$1,007$728$519$365$124
29 years$1,309$950$678$476$330$107
30 years$1,252$897$631$437$298$92
31 years$1,198$848$588$401$270$79
32 years$1,148$803$549$369$244$68
33 years$1,101$760$513$339$221$59
34 years$1,057$721$479$312$200$51
35 years$1,016$683$448$287$181$44
36 years$977$649$419$264$164$38
37 years$940$616$392$244$149$33
38 years$905$585$367$225$135$28
39 years$872$557$344$207$122$24
40 years$841$530$322$191$111$21
41 years$811$504$302$176$101$18
42 years$783$480$284$163$91$16
43 years$756$458$266$150$83$13
44 years$731$436$250$139$75$12
45 years$706$416$235$128$68$10
46 years$683$397$220$118$62$9
47 years$661$379$207$109$56$7
48 years$640$361$194$101$51$6
49 years$620$345$183$93$46$6
50 years$600$330$172$86$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $615,000, adding $6,717 every year, while hoping to spend $43,211 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: 42/43/15 Blend
39$615,000$615,000$615,000$615,000
40$684,659$652,064$642,531$710,144
41$708,518$638,039$618,080$714,717
42$733,362$621,878$591,361$714,885
43$759,247$603,432$562,253$714,135
44$786,231$582,541$530,630$712,405
45$814,377$559,036$496,357$709,627
46$843,756$532,741$459,297$705,731
47$874,439$503,466$419,304$700,644
48$906,508$471,012$376,227$694,290
49$940,049$435,168$329,907$686,589
50$975,155$395,712$280,179$677,459
51$1,011,926$352,408$226,872$666,813
52$1,050,474$305,008$169,803$654,563
53$1,090,917$253,247$108,786$640,615
54$1,133,383$196,849$43,623$624,874
55$1,178,014$135,520$0$607,240
56$1,224,961$68,951$0$591,760
57$1,274,391$0$0$581,900
58$1,326,484$0$0$572,108
59$1,381,437$0$0$596,224
60$1,439,463$0$0$621,722
61$1,500,798$0$0$648,707
62$1,565,696$0$0$677,298
63$1,634,436$0$0$707,622
64$1,707,322$0$0$739,817
65$1,784,687$0$0$774,037
66$1,866,895$0$0$810,449
67$1,954,343$0$0$849,234
68$2,047,467$0$0$890,593
69$2,146,743$0$0$934,745
70$2,252,695$0$0$981,930
71$2,365,894$0$0$1,032,410
72$2,486,967$0$0$1,086,475
73$2,616,601$0$0$1,144,440
74$2,755,551$0$0$1,206,653
75$2,904,644$0$0$1,273,494
76$3,064,787$0$0$1,345,382
77$3,236,976$0$0$1,422,775
78$3,422,306$0$0$1,506,177
79$3,621,977$0$0$1,596,142
80$3,837,308$0$0$1,693,277
81$4,069,748$0$0$1,798,252
82$4,320,889$0$0$1,911,801
83$4,592,482$0$0$2,034,730
84$4,886,450$0$0$2,167,929
85$5,204,907$0$0$2,312,371
86$5,550,177$0$0$2,469,131
87$5,924,818$0$0$2,639,389
88$6,331,640$0$0$2,824,442
89$6,773,737$0$0$3,025,721
90$7,254,510$0$0$3,244,794
91$7,777,703$0$0$3,483,393
92$8,347,433$0$0$3,743,419
93$8,968,232$0$0$4,026,966
94$9,645,087$0$0$4,336,339
95$10,383,488$0$0$4,674,075
96$11,189,475$0$0$5,042,966
97$12,069,700$0$0$5,446,087
98$13,031,483$0$0$5,886,820
99$14,082,884$0$0$6,368,893
100$15,232,777$0$0$6,896,409