Can I retire at age 40 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$47,153$46,733$46,323$45,923$45,532$44,778
2 years$23,343$22,908$22,487$22,078$21,682$20,924
3 years$15,407$14,971$14,550$14,146$13,756$13,018
4 years$11,440$11,005$10,589$10,191$9,811$9,099
5 years$9,061$8,628$8,218$7,828$7,458$6,774
6 years$7,475$7,046$6,641$6,260$5,901$5,246
7 years$6,343$5,917$5,519$5,147$4,799$4,173
8 years$5,494$5,072$4,680$4,317$3,982$3,384
9 years$4,834$4,416$4,031$3,677$3,353$2,784
10 years$4,306$3,892$3,514$3,170$2,857$2,316
11 years$3,875$3,465$3,094$2,759$2,457$1,943
12 years$3,516$3,110$2,746$2,420$2,129$1,642
13 years$3,212$2,811$2,453$2,136$1,857$1,395
14 years$2,952$2,555$2,204$1,896$1,628$1,192
15 years$2,727$2,334$1,990$1,691$1,433$1,021
16 years$2,530$2,141$1,804$1,514$1,267$878
17 years$2,356$1,972$1,642$1,361$1,123$757
18 years$2,202$1,822$1,499$1,226$999$655
19 years$2,064$1,689$1,372$1,108$890$567
20 years$1,941$1,569$1,259$1,004$795$492
21 years$1,829$1,462$1,158$911$711$427
22 years$1,727$1,365$1,068$828$638$372
23 years$1,635$1,276$986$754$572$324
24 years$1,550$1,196$912$688$515$282
25 years$1,472$1,122$844$628$463$246
26 years$1,400$1,055$783$574$417$215
27 years$1,334$993$727$526$376$188
28 years$1,273$935$676$482$339$164
29 years$1,216$882$629$442$306$143
30 years$1,162$833$586$405$277$126
31 years$1,113$788$546$372$250$110
32 years$1,066$745$510$342$226$96
33 years$1,023$706$476$315$205$84
34 years$982$669$445$290$185$74
35 years$943$635$416$267$168$65
36 years$907$602$389$245$152$57
37 years$873$572$364$226$138$50
38 years$840$544$341$208$125$43
39 years$810$517$319$192$113$38
40 years$781$492$299$177$103$33
41 years$753$468$281$164$93$29
42 years$727$446$263$151$85$26
43 years$702$425$247$139$77$22
44 years$678$405$232$129$70$20
45 years$656$386$218$119$63$17
46 years$634$368$205$110$58$15
47 years$614$352$192$101$52$13
48 years$594$336$181$94$47$12
49 years$575$320$170$87$43$10
50 years$557$306$160$80$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $571,000, adding $6,050 every year, while hoping to spend $30,514 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: 46/29/25 Blend
39$571,000$571,000$571,000$571,000
40$635,483$605,220$596,369$659,906
41$667,835$602,409$583,881$674,915
42$702,465$598,437$569,951$687,733
43$739,572$593,216$554,501$701,036
44$779,376$586,652$537,444$714,885
45$822,118$578,643$518,693$729,349
46$868,061$569,084$498,157$744,505
47$917,496$557,862$475,738$760,441
48$970,742$544,858$451,337$777,258
49$1,028,148$529,947$424,847$795,066
50$1,090,100$512,994$396,160$813,992
51$1,157,018$493,859$365,159$834,177
52$1,229,367$472,391$331,725$855,780
53$1,307,657$448,433$295,733$878,979
54$1,392,449$421,818$257,051$903,974
55$1,484,359$392,367$215,542$930,988
56$1,584,066$359,895$171,065$960,270
57$1,692,314$324,203$123,469$992,101
58$1,809,923$285,082$72,598$1,026,792
59$1,937,796$242,312$18,291$1,064,691
60$2,076,925$195,659$0$1,106,186
61$2,228,401$144,876$0$1,162,292
62$2,393,426$89,703$0$1,228,803
63$2,573,322$29,865$0$1,301,422
64$2,769,544$0$0$1,380,798
65$2,983,694$0$0$1,478,795
66$3,217,534$0$0$1,596,272
67$3,473,005$0$0$1,724,680
68$3,752,244$0$0$1,865,102
69$4,057,602$0$0$2,018,730
70$4,391,669$0$0$2,186,873
71$4,757,298$0$0$2,370,978
72$5,157,627$0$0$2,572,635
73$5,596,116$0$0$2,793,594
74$6,076,571$0$0$3,035,786
75$6,603,186$0$0$3,301,335
76$7,180,581$0$0$3,592,580
77$7,813,841$0$0$3,912,099
78$8,508,571$0$0$4,262,732
79$9,270,942$0$0$4,647,604
80$10,107,751$0$0$5,070,160
81$11,026,486$0$0$5,534,195
82$12,035,396$0$0$6,043,889
83$13,143,568$0$0$6,603,844
84$14,361,010$0$0$7,219,135
85$15,698,751$0$0$7,895,350
86$17,168,939$0$0$8,638,643
87$18,784,957$0$0$9,455,799
88$20,561,549$0$0$10,354,289
89$22,514,960$0$0$11,342,346
90$24,663,087$0$0$12,429,040
91$27,025,649$0$0$13,624,365
92$29,624,370$0$0$14,939,331
93$32,483,187$0$0$16,386,070
94$35,628,473$0$0$17,977,949
95$39,089,286$0$0$19,729,695
96$42,897,644$0$0$21,657,536
97$47,088,823$0$0$23,779,352
98$51,701,695$0$0$26,114,845
99$56,779,088$0$0$28,685,723
100$62,368,196$0$0$31,515,907