Can I retire at age 40 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$46,987$46,569$46,161$45,762$45,373$44,493
2 years$23,261$22,828$22,408$22,001$21,606$20,723
3 years$15,353$14,918$14,499$14,096$13,708$12,850
4 years$11,400$10,967$10,552$10,156$9,777$8,949
5 years$9,029$8,598$8,189$7,800$7,432$6,638
6 years$7,449$7,021$6,618$6,238$5,881$5,121
7 years$6,320$5,896$5,499$5,129$4,783$4,058
8 years$5,475$5,054$4,664$4,302$3,968$3,277
9 years$4,817$4,400$4,017$3,665$3,341$2,685
10 years$4,291$3,879$3,502$3,159$2,847$2,224
11 years$3,861$3,453$3,083$2,749$2,448$1,858
12 years$3,503$3,099$2,736$2,411$2,122$1,563
13 years$3,201$2,801$2,445$2,129$1,850$1,322
14 years$2,942$2,546$2,197$1,890$1,622$1,123
15 years$2,717$2,326$1,983$1,685$1,428$958
16 years$2,521$2,134$1,798$1,509$1,262$820
17 years$2,348$1,965$1,636$1,356$1,119$704
18 years$2,194$1,816$1,494$1,222$995$605
19 years$2,057$1,683$1,367$1,104$887$521
20 years$1,934$1,564$1,255$1,000$792$450
21 years$1,822$1,457$1,154$908$709$389
22 years$1,721$1,360$1,064$825$635$337
23 years$1,629$1,272$982$752$570$291
24 years$1,545$1,192$908$685$513$253
25 years$1,467$1,118$841$626$461$219
26 years$1,395$1,051$780$572$416$190
27 years$1,329$989$725$524$375$165
28 years$1,268$932$674$480$338$144
29 years$1,211$879$627$440$305$125
30 years$1,158$830$584$404$276$109
31 years$1,109$785$544$371$249$94
32 years$1,062$743$508$341$226$82
33 years$1,019$703$474$314$204$72
34 years$978$667$443$288$185$62
35 years$940$632$414$266$167$54
36 years$904$600$388$245$152$47
37 years$870$570$363$225$137$41
38 years$837$542$340$208$125$36
39 years$807$515$318$192$113$31
40 years$778$490$298$177$103$27
41 years$750$466$280$163$93$24
42 years$724$444$262$150$84$21
43 years$700$423$246$139$77$18
44 years$676$403$231$128$70$16
45 years$654$385$217$118$63$14
46 years$632$367$204$109$57$12
47 years$612$350$191$101$52$10
48 years$592$334$180$93$47$9
49 years$573$319$169$86$43$8
50 years$556$305$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 $569,000, adding $3,514 every year, while hoping to spend $23,883 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: 33/46/21 Blend
39$569,000$569,000$569,000$569,000
40$630,663$600,506$591,686$647,302
41$669,579$604,519$586,096$664,014
42$711,664$607,929$579,519$679,587
43$757,217$610,680$571,895$695,878
44$806,563$612,714$563,165$712,964
45$860,065$613,969$553,263$730,933
46$918,118$614,380$542,123$749,882
47$981,158$613,876$529,676$769,921
48$1,049,663$612,383$515,847$791,173
49$1,124,161$609,823$500,561$813,775
50$1,205,233$606,111$483,737$837,880
51$1,293,515$601,159$465,291$863,659
52$1,389,711$594,873$445,135$891,302
53$1,494,593$587,153$423,178$921,024
54$1,609,011$577,894$399,325$953,062
55$1,733,902$566,982$373,474$987,680
56$1,870,296$554,301$345,522$1,025,173
57$2,019,328$539,723$315,358$1,065,870
58$2,182,247$523,117$282,870$1,110,136
59$2,360,427$504,340$247,937$1,158,376
60$2,555,382$483,245$210,434$1,211,043
61$2,768,780$459,672$170,233$1,268,639
62$3,002,456$433,457$127,196$1,331,721
63$3,258,431$404,421$81,182$1,400,909
64$3,538,933$372,380$32,044$1,476,890
65$3,846,412$337,134$0$1,560,427
66$4,183,569$298,477$0$1,656,938
67$4,553,378$256,187$0$1,770,748
68$4,959,115$210,032$0$1,895,751
69$5,404,387$159,767$0$2,033,140
70$5,893,170$105,130$0$2,184,233
71$6,429,841$45,849$0$2,350,490
72$7,019,223$0$0$2,533,526
73$7,666,628$0$0$2,744,421
74$8,377,909$0$0$3,001,712
75$9,159,513$0$0$3,284,532
76$10,018,543$0$0$3,595,465
77$10,962,824$0$0$3,937,354
78$12,000,977$0$0$4,313,333
79$13,142,500$0$0$4,726,855
80$14,397,857$0$0$5,181,722
81$15,778,577$0$0$5,682,128
82$17,297,363$0$0$6,232,688
83$18,968,211$0$0$6,838,492
84$20,806,540$0$0$7,505,145
85$22,829,342$0$0$8,238,824
86$25,055,335$0$0$9,046,336
87$27,505,149$0$0$9,935,178
88$30,201,510$0$0$10,913,615
89$33,169,460$0$0$11,990,752
90$36,436,595$0$0$13,176,621
91$40,033,319$0$0$14,482,278
92$43,993,135$0$0$15,919,903
93$48,352,959$0$0$17,502,919
94$53,153,470$0$0$19,246,118
95$58,439,490$0$0$21,165,796
96$64,260,413$0$0$23,279,914
97$70,670,662$0$0$25,608,261
98$77,730,211$0$0$28,172,644
99$85,505,145$0$0$30,997,093
100$94,068,286$0$0$34,108,087