Can I retire at age 40 with 568,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$46,905$46,487$46,079$45,682$45,293$44,895
2 years$23,220$22,788$22,369$21,962$21,568$21,167
3 years$15,326$14,892$14,474$14,071$13,684$13,292
4 years$11,380$10,947$10,533$10,138$9,759$9,380
5 years$9,013$8,583$8,174$7,787$7,419$7,053
6 years$7,436$7,008$6,606$6,227$5,870$5,518
7 years$6,309$5,886$5,490$5,120$4,774$4,436
8 years$5,465$5,045$4,656$4,295$3,961$3,637
9 years$4,808$4,393$4,010$3,658$3,335$3,026
10 years$4,284$3,872$3,496$3,153$2,842$2,546
11 years$3,855$3,447$3,078$2,744$2,444$2,162
12 years$3,497$3,094$2,731$2,407$2,118$1,849
13 years$3,195$2,796$2,440$2,125$1,847$1,591
14 years$2,936$2,541$2,193$1,887$1,619$1,376
15 years$2,712$2,322$1,980$1,682$1,426$1,195
16 years$2,516$2,130$1,795$1,506$1,260$1,041
17 years$2,344$1,962$1,633$1,354$1,117$910
18 years$2,191$1,813$1,491$1,220$993$797
19 years$2,054$1,680$1,365$1,102$885$700
20 years$1,930$1,561$1,253$998$791$616
21 years$1,819$1,454$1,152$906$708$543
22 years$1,718$1,357$1,062$824$634$479
23 years$1,626$1,270$981$750$569$423
24 years$1,542$1,189$907$684$512$374
25 years$1,464$1,116$840$625$461$332
26 years$1,393$1,049$779$571$415$294
27 years$1,327$987$723$523$374$261
28 years$1,266$930$672$479$337$231
29 years$1,209$878$626$439$305$205
30 years$1,156$829$583$403$275$182
31 years$1,107$784$543$370$249$162
32 years$1,061$741$507$340$225$144
33 years$1,017$702$473$313$204$128
34 years$976$665$442$288$185$114
35 years$938$631$414$265$167$102
36 years$902$599$387$244$151$90
37 years$868$569$362$225$137$81
38 years$836$541$339$207$124$72
39 years$805$514$318$191$113$64
40 years$777$489$298$176$102$57
41 years$749$466$279$163$93$51
42 years$723$443$262$150$84$45
43 years$698$423$246$139$76$40
44 years$675$403$231$128$69$36
45 years$652$384$217$118$63$32
46 years$631$366$203$109$57$29
47 years$611$350$191$101$52$25
48 years$591$334$180$93$47$23
49 years$572$319$169$86$43$20
50 years$555$304$159$80$39$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $568,000, adding $2,241 every year, while hoping to spend $44,561 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: 82/6/12 Blend
39$568,000$568,000$568,000$568,000
40$628,248$598,144$589,340$678,237
41$644,916$580,040$561,670$693,234
42$661,792$559,556$531,580$703,597
43$678,848$536,528$498,941$713,652
44$696,055$510,782$463,620$723,344
45$713,377$482,135$425,476$732,613
46$730,776$450,394$384,364$741,392
47$748,206$415,354$340,131$749,608
48$765,615$376,798$292,617$757,183
49$782,943$334,497$241,655$764,027
50$800,125$288,209$187,073$770,044
51$817,085$237,679$128,687$775,128
52$833,739$182,636$66,309$779,161
53$849,990$122,795$0$782,014
54$865,733$57,856$0$783,581
55$880,846$0$0$792,735
56$895,195$0$0$801,659
57$908,629$0$0$813,569
58$920,980$0$0$824,494
59$932,061$0$0$834,264
60$941,663$0$0$842,688
61$949,551$0$0$849,557
62$955,467$0$0$854,635
63$959,121$0$0$857,662
64$960,194$0$0$858,346
65$958,328$0$0$856,366
66$953,128$0$0$851,365
67$944,155$0$0$842,943
68$930,921$0$0$830,663
69$912,887$0$0$814,034
70$889,455$0$0$792,517
71$859,961$0$0$765,511
72$823,672$0$0$732,354
73$779,775$0$0$692,310
74$727,372$0$0$644,568
75$665,467$0$0$588,228
76$592,961$0$0$522,296
77$508,637$0$0$445,672
78$411,151$0$0$357,140
79$299,016$0$0$255,357
80$170,591$0$0$138,839
81$24,059$0$0$5,945
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0