Can I retire at age 40 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$46,079$45,669$45,268$44,877$44,496$43,438
2 years$22,811$22,387$21,975$21,576$21,188$20,129
3 years$15,057$14,630$14,219$13,824$13,443$12,414
4 years$11,180$10,755$10,348$9,959$9,588$8,598
5 years$8,854$8,432$8,030$7,650$7,288$6,341
6 years$7,305$6,885$6,490$6,117$5,767$4,863
7 years$6,198$5,782$5,393$5,030$4,690$3,829
8 years$5,369$4,956$4,574$4,219$3,891$3,073
9 years$4,724$4,315$3,939$3,594$3,277$2,501
10 years$4,208$3,804$3,434$3,098$2,792$2,057
11 years$3,787$3,386$3,024$2,696$2,401$1,707
12 years$3,436$3,039$2,683$2,365$2,081$1,426
13 years$3,139$2,747$2,397$2,088$1,814$1,197
14 years$2,885$2,497$2,154$1,853$1,591$1,010
15 years$2,665$2,281$1,945$1,653$1,400$855
16 years$2,472$2,093$1,763$1,480$1,238$726
17 years$2,303$1,927$1,605$1,330$1,097$618
18 years$2,152$1,781$1,465$1,198$976$527
19 years$2,017$1,650$1,341$1,083$870$450
20 years$1,896$1,534$1,231$981$777$386
21 years$1,787$1,429$1,132$890$695$330
22 years$1,688$1,333$1,043$809$623$283
23 years$1,597$1,247$963$737$559$243
24 years$1,515$1,169$891$672$503$209
25 years$1,439$1,097$825$614$452$180
26 years$1,369$1,031$765$561$408$155
27 years$1,304$970$711$514$367$133
28 years$1,244$914$661$471$332$115
29 years$1,188$862$615$432$299$99
30 years$1,136$814$573$396$271$85
31 years$1,087$770$534$364$245$73
32 years$1,042$728$498$334$221$63
33 years$999$690$465$307$200$55
34 years$959$654$435$283$181$47
35 years$922$620$406$260$164$41
36 years$886$589$380$240$149$35
37 years$853$559$356$221$135$30
38 years$821$531$333$204$122$26
39 years$791$505$312$188$111$23
40 years$763$481$293$173$101$19
41 years$736$457$274$160$91$17
42 years$710$436$257$148$83$15
43 years$686$415$241$136$75$13
44 years$663$396$227$126$68$11
45 years$641$377$213$116$62$9
46 years$620$360$200$107$56$8
47 years$600$344$188$99$51$7
48 years$581$328$176$92$46$6
49 years$562$313$166$85$42$5
50 years$545$299$156$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $558,000, adding $5,316 every year, while hoping to spend $36,604 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: 38/37/25 Blend
39$558,000$558,000$558,000$558,000
40$620,399$590,825$582,176$639,178
41$644,734$580,830$562,733$643,364
42$670,323$569,117$541,411$644,105
43$697,258$555,565$518,110$644,186
44$725,634$540,044$492,723$643,571
45$755,558$522,416$465,139$642,221
46$787,146$502,535$435,241$640,098
47$820,523$480,247$402,910$637,164
48$855,827$455,390$368,018$633,381
49$893,208$427,790$330,433$628,711
50$932,829$397,265$290,016$623,115
51$974,869$363,624$246,624$616,557
52$1,019,525$326,660$200,105$609,000
53$1,067,010$286,160$150,302$600,411
54$1,117,559$241,896$97,051$590,756
55$1,171,428$193,626$40,180$580,004
56$1,228,897$141,098$0$568,130
57$1,290,275$84,042$0$560,581
58$1,355,898$22,175$0$563,660
59$1,426,136$0$0$566,676
60$1,501,395$0$0$587,917
61$1,582,118$0$0$620,435
62$1,668,794$0$0$655,406
63$1,761,958$0$0$693,051
64$1,862,198$0$0$733,617
65$1,970,158$0$0$777,371
66$2,086,548$0$0$824,609
67$2,212,145$0$0$875,656
68$2,347,806$0$0$930,868
69$2,494,470$0$0$990,638
70$2,653,170$0$0$1,055,396
71$2,825,042$0$0$1,125,616
72$3,011,334$0$0$1,201,820
73$3,213,419$0$0$1,284,580
74$3,432,807$0$0$1,374,527
75$3,671,159$0$0$1,472,355
76$3,930,301$0$0$1,578,826
77$4,212,243$0$0$1,694,781
78$4,519,196$0$0$1,821,143
79$4,853,594$0$0$1,958,929
80$5,218,113$0$0$2,109,258
81$5,615,701$0$0$2,273,362
82$6,049,602$0$0$2,452,596
83$6,523,385$0$0$2,648,455
84$7,040,980$0$0$2,862,580
85$7,606,715$0$0$3,096,781
86$8,225,353$0$0$3,353,051
87$8,902,139$0$0$3,633,582
88$9,642,848$0$0$3,940,792
89$10,453,838$0$0$4,277,339
90$11,342,113$0$0$4,646,153
91$12,315,385$0$0$5,050,461
92$13,382,147$0$0$5,493,816
93$14,551,752$0$0$5,980,132
94$15,834,502$0$0$6,513,720
95$17,241,745$0$0$7,099,327
96$18,785,978$0$0$7,742,184
97$20,480,968$0$0$8,448,052
98$22,341,881$0$0$9,223,278
99$24,385,420$0$0$10,074,854
100$26,629,987$0$0$11,010,480