Can I retire at age 40 with 568,000?

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 $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%14.5%
1 years$46,905$46,487$46,079$45,682$45,293$44,451
2 years$23,220$22,788$22,369$21,962$21,568$20,723
3 years$15,326$14,892$14,474$14,071$13,684$12,862
4 years$11,380$10,947$10,533$10,138$9,759$8,967
5 years$9,013$8,583$8,174$7,787$7,419$6,658
6 years$7,436$7,008$6,606$6,227$5,870$5,142
7 years$6,309$5,886$5,490$5,120$4,774$4,079
8 years$5,465$5,045$4,656$4,295$3,961$3,298
9 years$4,808$4,393$4,010$3,658$3,335$2,705
10 years$4,284$3,872$3,496$3,153$2,842$2,243
11 years$3,855$3,447$3,078$2,744$2,444$1,877
12 years$3,497$3,094$2,731$2,407$2,118$1,581
13 years$3,195$2,796$2,440$2,125$1,847$1,339
14 years$2,936$2,541$2,193$1,887$1,619$1,139
15 years$2,712$2,322$1,980$1,682$1,426$973
16 years$2,516$2,130$1,795$1,506$1,260$834
17 years$2,344$1,962$1,633$1,354$1,117$717
18 years$2,191$1,813$1,491$1,220$993$617
19 years$2,054$1,680$1,365$1,102$885$533
20 years$1,930$1,561$1,253$998$791$460
21 years$1,819$1,454$1,152$906$708$398
22 years$1,718$1,357$1,062$824$634$345
23 years$1,626$1,270$981$750$569$300
24 years$1,542$1,189$907$684$512$260
25 years$1,464$1,116$840$625$461$226
26 years$1,393$1,049$779$571$415$196
27 years$1,327$987$723$523$374$171
28 years$1,266$930$672$479$337$149
29 years$1,209$878$626$439$305$130
30 years$1,156$829$583$403$275$113
31 years$1,107$784$543$370$249$98
32 years$1,061$741$507$340$225$86
33 years$1,017$702$473$313$204$75
34 years$976$665$442$288$185$65
35 years$938$631$414$265$167$57
36 years$902$599$387$244$151$50
37 years$868$569$362$225$137$43
38 years$836$541$339$207$124$38
39 years$805$514$318$191$113$33
40 years$777$489$298$176$102$29
41 years$749$466$279$163$93$25
42 years$723$443$262$150$84$22
43 years$698$423$246$139$76$19
44 years$675$403$231$128$69$17
45 years$652$384$217$118$63$15
46 years$631$366$203$109$57$13
47 years$611$350$191$101$52$11
48 years$591$334$180$93$47$10
49 years$572$319$169$86$43$8
50 years$555$304$159$80$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $568,000, adding $4,166 every year, while hoping to spend $40,080 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: 49/36/15 Blend
39$568,000$568,000$568,000$568,000
40$630,233$600,129$591,325$658,304
41$651,872$586,891$568,490$664,859
42$674,375$571,660$543,546$667,490
43$697,788$554,298$516,381$669,465
44$722,159$534,655$486,877$670,737
45$747,542$512,576$454,910$671,256
46$773,993$487,894$420,351$670,972
47$801,574$460,435$383,066$669,829
48$830,349$430,011$342,914$667,771
49$860,391$396,428$299,748$664,740
50$891,776$359,478$253,415$660,675
51$924,586$318,941$203,753$655,514
52$958,911$274,586$150,596$649,191
53$994,847$226,168$93,768$641,639
54$1,032,500$173,429$33,088$632,789
55$1,071,983$116,095$0$622,570
56$1,113,420$53,879$0$615,977
57$1,156,944$0$0$613,849
58$1,202,702$0$0$616,198
59$1,250,851$0$0$641,151
60$1,301,563$0$0$667,454
61$1,355,027$0$0$695,210
62$1,411,446$0$0$724,526
63$1,471,043$0$0$755,522
64$1,534,061$0$0$788,328
65$1,600,766$0$0$823,086
66$1,671,447$0$0$859,952
67$1,746,421$0$0$899,094
68$1,826,034$0$0$940,699
69$1,910,663$0$0$984,970
70$2,000,724$0$0$1,032,128
71$2,096,668$0$0$1,082,417
72$2,198,993$0$0$1,136,104
73$2,308,242$0$0$1,193,480
74$2,425,010$0$0$1,254,865
75$2,549,950$0$0$1,320,610
76$2,683,778$0$0$1,391,101
77$2,827,279$0$0$1,466,759
78$2,981,314$0$0$1,548,048
79$3,146,829$0$0$1,635,476
80$3,324,862$0$0$1,729,602
81$3,516,551$0$0$1,831,039
82$3,723,148$0$0$1,940,460
83$3,946,027$0$0$2,058,606
84$4,186,697$0$0$2,186,290
85$4,446,819$0$0$2,324,406
86$4,728,215$0$0$2,473,935
87$5,032,889$0$0$2,635,959
88$5,363,046$0$0$2,811,663
89$5,721,109$0$0$3,002,355
90$6,109,741$0$0$3,209,470
91$6,531,873$0$0$3,434,589
92$6,990,730$0$0$3,679,449
93$7,489,857$0$0$3,945,962
94$8,033,157$0$0$4,236,233
95$8,624,922$0$0$4,552,577
96$9,269,877$0$0$4,897,541
97$9,973,221$0$0$5,273,931
98$10,740,678$0$0$5,684,833
99$11,578,547$0$0$6,133,646
100$12,493,761$0$0$6,624,109