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%14.2%
1 years$46,079$45,669$45,268$44,877$44,496$43,723
2 years$22,811$22,387$21,975$21,576$21,188$20,412
3 years$15,057$14,630$14,219$13,824$13,443$12,687
4 years$11,180$10,755$10,348$9,959$9,588$8,859
5 years$8,854$8,432$8,030$7,650$7,288$6,588
6 years$7,305$6,885$6,490$6,117$5,767$5,097
7 years$6,198$5,782$5,393$5,030$4,690$4,050
8 years$5,369$4,956$4,574$4,219$3,891$3,280
9 years$4,724$4,315$3,939$3,594$3,277$2,695
10 years$4,208$3,804$3,434$3,098$2,792$2,239
11 years$3,787$3,386$3,024$2,696$2,401$1,877
12 years$3,436$3,039$2,683$2,365$2,081$1,584
13 years$3,139$2,747$2,397$2,088$1,814$1,344
14 years$2,885$2,497$2,154$1,853$1,591$1,146
15 years$2,665$2,281$1,945$1,653$1,400$981
16 years$2,472$2,093$1,763$1,480$1,238$843
17 years$2,303$1,927$1,605$1,330$1,097$726
18 years$2,152$1,781$1,465$1,198$976$626
19 years$2,017$1,650$1,341$1,083$870$542
20 years$1,896$1,534$1,231$981$777$469
21 years$1,787$1,429$1,132$890$695$407
22 years$1,688$1,333$1,043$809$623$353
23 years$1,597$1,247$963$737$559$307
24 years$1,515$1,169$891$672$503$268
25 years$1,439$1,097$825$614$452$233
26 years$1,369$1,031$765$561$408$203
27 years$1,304$970$711$514$367$177
28 years$1,244$914$661$471$332$155
29 years$1,188$862$615$432$299$135
30 years$1,136$814$573$396$271$118
31 years$1,087$770$534$364$245$103
32 years$1,042$728$498$334$221$90
33 years$999$690$465$307$200$79
34 years$959$654$435$283$181$69
35 years$922$620$406$260$164$60
36 years$886$589$380$240$149$53
37 years$853$559$356$221$135$46
38 years$821$531$333$204$122$40
39 years$791$505$312$188$111$35
40 years$763$481$293$173$101$31
41 years$736$457$274$160$91$27
42 years$710$436$257$148$83$24
43 years$686$415$241$136$75$21
44 years$663$396$227$126$68$18
45 years$641$377$213$116$62$16
46 years$620$360$200$107$56$14
47 years$600$344$188$99$51$12
48 years$581$328$176$92$46$11
49 years$562$313$166$85$42$9
50 years$545$299$156$78$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $558,000, adding $6,310 every year, while hoping to spend $40,764 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: 29/42/29 Blend
39$558,000$558,000$558,000$558,000
40$621,425$591,851$583,202$633,757
41$641,438$577,479$559,366$629,664
42$662,125$561,037$533,366$621,320
43$683,514$542,379$505,086$611,544
44$705,631$521,354$474,405$600,240
45$728,504$497,799$441,196$587,309
46$752,163$471,543$405,328$572,644
47$776,641$442,406$366,663$556,137
48$801,969$410,195$325,058$537,668
49$828,183$374,708$280,361$517,116
50$855,321$335,731$232,415$494,351
51$883,420$293,038$181,058$469,237
52$912,522$246,391$126,116$441,630
53$942,671$195,535$67,413$411,380
54$973,913$140,206$4,761$378,328
55$1,006,297$80,121$0$342,308
56$1,039,875$14,982$0$322,360
57$1,074,702$0$0$301,905
58$1,110,838$0$0$305,002
59$1,148,345$0$0$315,413
60$1,187,289$0$0$326,234
61$1,227,744$0$0$337,487
62$1,269,784$0$0$349,194
63$1,313,492$0$0$361,379
64$1,358,955$0$0$374,069
65$1,406,267$0$0$387,292
66$1,455,529$0$0$401,078
67$1,506,849$0$0$415,460
68$1,560,344$0$0$430,474
69$1,616,139$0$0$446,157
70$1,674,369$0$0$462,551
71$1,735,180$0$0$479,700
72$1,798,729$0$0$497,652
73$1,865,188$0$0$516,459
74$1,934,739$0$0$536,178
75$2,007,582$0$0$556,871
76$2,083,934$0$0$578,603
77$2,164,028$0$0$601,447
78$2,248,119$0$0$625,482
79$2,336,484$0$0$650,792
80$2,429,421$0$0$677,473
81$2,527,259$0$0$705,624
82$2,630,353$0$0$735,356
83$2,739,089$0$0$766,790
84$2,853,890$0$0$800,059
85$2,975,217$0$0$835,305
86$3,103,571$0$0$872,685
87$3,239,501$0$0$912,373
88$3,383,606$0$0$954,554
89$3,536,540$0$0$999,435
90$3,699,020$0$0$1,047,241
91$3,871,828$0$0$1,098,218
92$4,055,820$0$0$1,152,636
93$4,251,936$0$0$1,210,789
94$4,461,201$0$0$1,273,003
95$4,684,742$0$0$1,339,632
96$4,923,792$0$0$1,411,066
97$5,179,703$0$0$1,487,731
98$5,453,958$0$0$1,570,099
99$5,748,184$0$0$1,658,682
100$6,064,165$0$0$1,754,046