Can I retire at age 40 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$46,740$46,323$45,917$45,521$45,134$43,343
2 years$23,138$22,708$22,290$21,885$21,492$19,710
3 years$15,272$14,840$14,423$14,022$13,636$11,919
4 years$11,340$10,909$10,496$10,102$9,725$8,086
5 years$8,981$8,553$8,146$7,759$7,393$5,836
6 years$7,409$6,984$6,583$6,205$5,850$4,376
7 years$6,287$5,865$5,470$5,102$4,757$3,366
8 years$5,446$5,027$4,639$4,280$3,947$2,637
9 years$4,792$4,377$3,996$3,645$3,324$2,093
10 years$4,269$3,858$3,484$3,142$2,832$1,678
11 years$3,841$3,435$3,067$2,735$2,436$1,356
12 years$3,485$3,083$2,722$2,399$2,111$1,102
13 years$3,184$2,786$2,432$2,118$1,840$900
14 years$2,926$2,532$2,185$1,880$1,613$738
15 years$2,703$2,313$1,973$1,677$1,421$607
16 years$2,508$2,123$1,789$1,501$1,255$500
17 years$2,336$1,955$1,628$1,349$1,113$413
18 years$2,183$1,806$1,486$1,215$990$342
19 years$2,046$1,674$1,360$1,098$882$283
20 years$1,924$1,556$1,248$995$788$235
21 years$1,813$1,449$1,148$903$705$195
22 years$1,712$1,353$1,058$821$632$162
23 years$1,620$1,265$977$748$567$135
24 years$1,536$1,185$904$682$510$112
25 years$1,459$1,112$837$623$459$93
26 years$1,388$1,045$776$569$413$78
27 years$1,322$984$721$521$373$65
28 years$1,261$927$670$477$336$54
29 years$1,205$875$624$438$304$45
30 years$1,152$826$581$402$274$37
31 years$1,103$781$541$369$248$31
32 years$1,057$739$505$339$224$26
33 years$1,014$700$472$312$203$22
34 years$973$663$441$287$184$18
35 years$935$629$412$264$167$15
36 years$899$597$385$243$151$13
37 years$865$567$361$224$137$10
38 years$833$539$338$207$124$9
39 years$803$512$317$191$112$7
40 years$774$487$297$176$102$6
41 years$747$464$278$162$93$5
42 years$721$442$261$150$84$4
43 years$696$421$245$138$76$4
44 years$672$401$230$128$69$3
45 years$650$383$216$118$63$2
46 years$629$365$203$109$57$2
47 years$608$348$190$101$52$2
48 years$589$333$179$93$47$1
49 years$570$318$168$86$43$1
50 years$553$303$158$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $566,000, adding $6,911 every year, while hoping to spend $20,890 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: 68/10/22 Blend
39$566,000$566,000$566,000$566,000
40$630,861$600,863$592,090$669,814
41$672,982$608,078$589,698$703,987
42$718,699$614,947$586,526$738,302
43$768,357$621,430$582,525$775,343
44$822,335$627,486$577,646$815,379
45$881,051$633,071$571,834$858,706
46$944,963$638,136$565,036$905,649
47$1,014,577$642,632$557,192$956,569
48$1,090,447$646,505$548,242$1,011,864
49$1,173,187$649,698$538,122$1,071,971
50$1,263,469$652,150$526,766$1,137,373
51$1,362,034$653,796$514,103$1,208,603
52$1,469,698$654,569$500,062$1,286,248
53$1,587,359$654,394$484,566$1,370,957
54$1,716,005$653,195$467,535$1,463,444
55$1,856,726$650,890$448,885$1,564,498
56$2,010,719$647,390$428,530$1,674,987
57$2,179,304$642,605$406,378$1,795,871
58$2,363,936$636,435$382,334$1,928,206
59$2,566,213$628,776$356,298$2,073,159
60$2,787,899$619,519$328,167$2,232,014
61$3,030,936$608,545$297,831$2,406,190
62$3,297,459$595,733$265,177$2,597,250
63$3,589,826$580,949$230,086$2,806,918
64$3,910,629$564,056$192,434$3,037,094
65$4,262,724$544,906$152,092$3,289,876
66$4,649,260$523,345$108,925$3,567,574
67$5,073,702$499,206$62,791$3,872,736
68$5,539,869$472,316$13,544$4,208,173
69$6,051,967$442,492$0$4,576,983
70$6,614,631$409,537$0$4,991,738
71$7,232,966$373,246$0$5,451,035
72$7,912,595$333,403$0$5,955,884
73$8,659,716$289,775$0$6,510,903
74$9,481,153$242,121$0$7,121,181
75$10,384,430$190,183$0$7,792,328
76$11,377,830$133,691$0$8,530,524
77$12,470,485$72,358$0$9,342,579
78$13,672,451$5,880$0$10,236,000
79$14,994,813$0$0$11,219,057
80$16,449,780$0$0$12,308,134
81$18,050,808$0$0$13,507,291
82$19,812,719$0$0$14,826,990
83$21,751,848$0$0$16,279,470
84$23,886,192$0$0$17,878,217
85$26,235,583$0$0$19,638,091
86$28,821,871$0$0$21,575,465
87$31,669,134$0$0$23,708,381
88$34,803,902$0$0$26,056,720
89$38,255,408$0$0$28,642,387
90$42,055,865$0$0$31,489,520
91$46,240,769$0$0$34,624,717
92$50,849,232$0$0$38,077,287
93$55,924,353$0$0$41,879,527
94$61,513,624$0$0$46,067,023
95$67,669,378$0$0$50,678,990
96$74,449,282$0$0$55,758,643
97$81,916,881$0$0$61,353,597
98$90,142,200$0$0$67,516,325
99$99,202,399$0$0$74,304,648
100$109,182,508$0$0$81,782,282