Can I retire at age 40 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$51,529$51,070$50,623$50,185$49,759$49,507
2 years$25,510$25,034$24,574$24,128$23,695$23,441
3 years$16,837$16,360$15,901$15,459$15,033$14,785
4 years$12,502$12,027$11,572$11,137$10,722$10,481
5 years$9,902$9,429$8,980$8,554$8,150$7,918
6 years$8,169$7,699$7,257$6,841$6,449$6,225
7 years$6,931$6,466$6,031$5,624$5,245$5,029
8 years$6,004$5,543$5,115$4,718$4,351$4,144
9 years$5,283$4,826$4,405$4,019$3,664$3,466
10 years$4,706$4,254$3,841$3,464$3,122$2,932
11 years$4,235$3,787$3,381$3,015$2,685$2,504
12 years$3,842$3,399$3,001$2,645$2,327$2,153
13 years$3,510$3,072$2,681$2,335$2,029$1,864
14 years$3,226$2,792$2,409$2,073$1,779$1,621
15 years$2,980$2,551$2,175$1,848$1,566$1,416
16 years$2,765$2,340$1,972$1,655$1,384$1,242
17 years$2,575$2,155$1,794$1,487$1,227$1,092
18 years$2,407$1,991$1,638$1,340$1,091$963
19 years$2,256$1,846$1,499$1,211$973$851
20 years$2,121$1,715$1,376$1,097$869$754
21 years$1,999$1,597$1,266$995$777$669
22 years$1,888$1,491$1,167$905$697$594
23 years$1,786$1,395$1,077$824$626$528
24 years$1,694$1,307$996$752$562$471
25 years$1,609$1,226$923$686$506$420
26 years$1,530$1,153$856$628$456$375
27 years$1,458$1,085$795$575$411$335
28 years$1,391$1,022$739$526$371$299
29 years$1,328$964$687$483$335$267
30 years$1,270$911$640$443$302$239
31 years$1,216$861$597$407$273$214
32 years$1,165$814$557$374$247$192
33 years$1,117$771$520$344$224$172
34 years$1,073$731$486$316$203$154
35 years$1,031$693$454$291$184$138
36 years$991$658$425$268$166$124
37 years$954$625$398$247$151$111
38 years$918$594$372$228$137$100
39 years$885$565$349$210$124$90
40 years$853$537$327$194$112$81
41 years$823$512$307$179$102$72
42 years$794$487$288$165$93$65
43 years$767$464$270$152$84$58
44 years$741$443$253$141$76$52
45 years$717$422$238$130$69$47
46 years$693$403$223$120$63$42
47 years$671$384$210$111$57$38
48 years$649$367$197$102$52$34
49 years$629$350$185$95$47$31
50 years$609$335$174$87$43$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $624,000, adding $5,222 every year, while hoping to spend $22,410 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: 46/44/10 Blend
39$624,000$624,000$624,000$624,000
40$693,034$659,962$650,290$722,746
41$739,880$668,457$648,231$752,300
42$790,753$676,616$645,352$781,611
43$846,039$684,400$641,601$812,898
44$906,166$691,767$636,926$846,352
45$971,602$698,670$631,269$882,183
46$1,042,862$705,061$624,573$920,625
47$1,120,513$710,888$616,776$961,935
48$1,205,180$716,096$607,812$1,006,396
49$1,297,549$720,626$597,615$1,054,325
50$1,398,378$724,416$586,114$1,106,066
51$1,508,499$727,398$573,235$1,162,005
52$1,628,827$729,502$558,900$1,222,565
53$1,760,373$730,653$543,028$1,288,215
54$1,904,246$730,770$525,535$1,359,472
55$2,061,671$729,769$506,332$1,436,908
56$2,233,993$727,560$485,326$1,521,154
57$2,422,696$724,046$462,420$1,612,908
58$2,629,413$719,127$437,513$1,712,941
59$2,855,943$712,694$410,500$1,822,104
60$3,104,266$704,633$381,269$1,941,337
61$3,376,565$694,823$349,704$2,071,677
62$3,675,241$683,136$315,686$2,214,272
63$4,002,941$669,436$279,087$2,370,388
64$4,362,581$653,578$239,777$2,541,421
65$4,757,372$635,410$197,616$2,728,916
66$5,190,850$614,771$152,463$2,934,575
67$5,666,911$591,490$104,165$3,160,281
68$6,189,849$565,386$52,568$3,408,108
69$6,764,392$536,268$0$3,680,349
70$7,395,747$503,933$0$3,979,800
71$8,089,655$468,167$0$4,314,990
72$8,852,437$428,745$0$4,683,403
73$9,691,058$385,426$0$5,088,461
74$10,613,193$337,958$0$5,533,936
75$11,627,294$286,074$0$6,023,991
76$12,742,679$229,492$0$6,563,218
77$13,969,608$167,913$0$7,156,680
78$15,319,391$101,023$0$7,809,966
79$16,804,485$28,490$0$8,529,237
80$18,438,617$0$0$9,321,289
81$20,236,914$0$0$10,217,846
82$22,216,040$0$0$11,219,824
83$24,394,359$0$0$12,322,736
84$26,792,102$0$0$13,536,838
85$29,431,566$0$0$14,873,429
86$32,337,314$0$0$16,344,962
87$35,536,417$0$0$17,965,156
88$39,058,699$0$0$19,749,129
89$42,937,028$0$0$21,713,540
90$47,207,619$0$0$23,876,747
91$51,910,376$0$0$26,258,976
92$57,089,274$0$0$28,882,517
93$62,792,766$0$0$31,771,930
94$69,074,247$0$0$34,954,281
95$75,992,553$0$0$38,459,391
96$83,612,516$0$0$42,320,127
97$92,005,581$0$0$46,572,700
98$101,250,472$0$0$51,257,017
99$111,433,943$0$0$56,417,053
100$122,651,590$0$0$62,101,264