Can I retire at age 40 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$51,364$50,907$50,460$50,025$49,599$48,578
2 years$25,428$24,954$24,495$24,050$23,619$22,594
3 years$16,783$16,308$15,850$15,409$14,985$13,989
4 years$12,462$11,988$11,535$11,101$10,687$9,728
5 years$9,870$9,399$8,951$8,527$8,124$7,205
6 years$8,143$7,675$7,234$6,819$6,428$5,549
7 years$6,909$6,445$6,012$5,606$5,228$4,390
8 years$5,984$5,525$5,098$4,703$4,337$3,539
9 years$5,266$4,810$4,391$4,006$3,653$2,894
10 years$4,691$4,240$3,828$3,453$3,112$2,393
11 years$4,221$3,775$3,370$3,005$2,677$1,995
12 years$3,830$3,388$2,991$2,636$2,319$1,675
13 years$3,499$3,062$2,672$2,327$2,023$1,414
14 years$3,215$2,783$2,401$2,066$1,773$1,199
15 years$2,970$2,542$2,168$1,842$1,561$1,021
16 years$2,756$2,333$1,966$1,650$1,380$872
17 years$2,567$2,148$1,789$1,482$1,223$746
18 years$2,399$1,985$1,633$1,336$1,088$641
19 years$2,249$1,840$1,495$1,207$970$551
20 years$2,114$1,710$1,372$1,093$866$474
21 years$1,992$1,592$1,262$992$775$409
22 years$1,882$1,486$1,163$902$695$353
23 years$1,781$1,390$1,074$822$624$305
24 years$1,688$1,303$993$749$560$264
25 years$1,604$1,222$920$684$504$228
26 years$1,525$1,149$853$626$454$198
27 years$1,453$1,081$792$573$410$171
28 years$1,386$1,019$736$525$370$149
29 years$1,324$961$685$481$334$129
30 years$1,266$908$638$442$302$112
31 years$1,212$858$595$406$273$97
32 years$1,161$812$555$373$247$84
33 years$1,114$769$518$343$223$73
34 years$1,069$729$484$315$202$63
35 years$1,027$691$453$290$183$55
36 years$988$656$424$267$166$48
37 years$951$623$396$246$150$42
38 years$915$592$371$227$136$36
39 years$882$563$348$209$124$31
40 years$850$536$326$193$112$27
41 years$820$510$306$178$102$24
42 years$792$486$287$164$92$21
43 years$765$463$269$152$84$18
44 years$739$441$253$140$76$16
45 years$714$421$237$129$69$14
46 years$691$401$223$120$63$12
47 years$669$383$209$110$57$10
48 years$647$366$197$102$52$9
49 years$627$349$185$94$47$8
50 years$607$333$174$87$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $622,000, adding $6,815 every year, while hoping to spend $25,898 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: 42/50/8 Blend
39$622,000$622,000$622,000$622,000
40$692,474$659,508$649,867$719,655
41$735,551$664,268$644,082$744,033
42$782,154$668,394$637,235$767,262
43$832,615$671,827$629,264$791,821
44$887,299$674,504$620,102$817,843
45$946,609$676,360$609,681$845,472
46$1,010,986$677,324$597,928$874,871
47$1,080,915$677,322$584,768$906,219
48$1,156,932$676,275$570,121$939,715
49$1,239,624$674,097$553,905$975,581
50$1,329,639$670,701$536,033$1,014,062
51$1,427,687$665,990$516,416$1,055,431
52$1,534,553$659,865$494,957$1,099,989
53$1,651,098$652,219$471,559$1,148,071
54$1,778,271$642,939$446,117$1,200,049
55$1,917,117$631,906$418,525$1,256,335
56$2,068,785$618,991$388,668$1,317,385
57$2,234,541$604,062$356,428$1,383,704
58$2,415,779$586,976$321,683$1,455,854
59$2,614,033$567,582$284,303$1,534,453
60$2,830,991$545,720$244,155$1,620,191
61$3,068,514$521,223$201,096$1,713,827
62$3,328,651$493,911$154,981$1,816,204
63$3,613,657$463,596$105,657$1,928,254
64$3,926,017$430,079$52,962$2,051,010
65$4,268,465$393,147$0$2,185,613
66$4,644,016$352,579$0$2,333,607
67$5,055,989$308,139$0$2,500,951
68$5,508,039$259,576$0$2,684,682
69$6,004,192$206,629$0$2,886,526
70$6,548,885$149,019$0$3,108,389
71$7,147,003$86,453$0$3,352,379
72$7,803,928$18,619$0$3,620,823
73$8,525,589$0$0$3,916,296
74$9,318,517$0$0$4,271,792
75$10,189,909$0$0$4,673,810
76$11,147,692$0$0$5,115,772
77$12,200,598$0$0$5,601,718
78$13,358,250$0$0$6,136,102
79$14,631,248$0$0$6,723,827
80$16,031,270$0$0$7,370,299
81$17,571,186$0$0$8,081,470
82$19,265,172$0$0$8,863,903
83$21,128,849$0$0$9,724,824
84$23,179,427$0$0$10,672,199
85$25,435,871$0$0$11,714,802
86$27,919,075$0$0$12,862,303
87$30,652,061$0$0$14,125,356
88$33,660,197$0$0$15,515,699
89$36,971,433$0$0$17,046,269
90$40,616,570$0$0$18,731,318
91$44,629,543$0$0$20,586,551
92$49,047,747$0$0$22,629,275
93$53,912,386$0$0$24,878,557
94$59,268,865$0$0$27,355,410
95$65,167,212$0$0$30,082,989
96$71,662,559$0$0$33,086,806
97$78,815,651$0$0$36,394,977
98$86,693,430$0$0$40,038,480
99$95,369,658$0$0$44,051,454
100$104,925,616$0$0$48,471,516