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%11.5%
1 years$47,153$46,733$46,323$45,923$45,532$45,245
2 years$23,343$22,908$22,487$22,078$21,682$21,393
3 years$15,407$14,971$14,550$14,146$13,756$13,473
4 years$11,440$11,005$10,589$10,191$9,811$9,537
5 years$9,061$8,628$8,218$7,828$7,458$7,193
6 years$7,475$7,046$6,641$6,260$5,901$5,646
7 years$6,343$5,917$5,519$5,147$4,799$4,554
8 years$5,494$5,072$4,680$4,317$3,982$3,746
9 years$4,834$4,416$4,031$3,677$3,353$3,128
10 years$4,306$3,892$3,514$3,170$2,857$2,641
11 years$3,875$3,465$3,094$2,759$2,457$2,251
12 years$3,516$3,110$2,746$2,420$2,129$1,933
13 years$3,212$2,811$2,453$2,136$1,857$1,669
14 years$2,952$2,555$2,204$1,896$1,628$1,449
15 years$2,727$2,334$1,990$1,691$1,433$1,263
16 years$2,530$2,141$1,804$1,514$1,267$1,105
17 years$2,356$1,972$1,642$1,361$1,123$970
18 years$2,202$1,822$1,499$1,226$999$854
19 years$2,064$1,689$1,372$1,108$890$753
20 years$1,941$1,569$1,259$1,004$795$665
21 years$1,829$1,462$1,158$911$711$589
22 years$1,727$1,365$1,068$828$638$522
23 years$1,635$1,276$986$754$572$463
24 years$1,550$1,196$912$688$515$412
25 years$1,472$1,122$844$628$463$366
26 years$1,400$1,055$783$574$417$326
27 years$1,334$993$727$526$376$291
28 years$1,273$935$676$482$339$259
29 years$1,216$882$629$442$306$231
30 years$1,162$833$586$405$277$207
31 years$1,113$788$546$372$250$184
32 years$1,066$745$510$342$226$165
33 years$1,023$706$476$315$205$147
34 years$982$669$445$290$185$132
35 years$943$635$416$267$168$118
36 years$907$602$389$245$152$105
37 years$873$572$364$226$138$94
38 years$840$544$341$208$125$84
39 years$810$517$319$192$113$76
40 years$781$492$299$177$103$68
41 years$753$468$281$164$93$61
42 years$727$446$263$151$85$54
43 years$702$425$247$139$77$49
44 years$678$405$232$129$70$44
45 years$656$386$218$119$63$39
46 years$634$368$205$110$58$35
47 years$614$352$192$101$52$31
48 years$594$336$181$94$47$28
49 years$575$320$170$87$43$25
50 years$557$306$160$80$39$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $571,000, adding $2,342 every year, while hoping to spend $37,323 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: 85/6/9 Blend
39$571,000$571,000$571,000$571,000
40$631,658$601,395$592,544$684,417
41$656,375$591,152$572,683$708,982
42$682,363$579,156$550,906$730,660
43$709,712$565,282$527,108$753,310
44$738,519$549,397$501,183$777,006
45$768,892$531,361$473,016$801,828
46$800,946$511,025$442,490$827,865
47$834,809$488,232$409,480$855,215
48$870,620$462,816$373,857$883,985
49$908,528$434,599$335,487$914,293
50$948,701$403,397$294,229$946,270
51$991,317$369,013$249,934$980,058
52$1,036,575$331,237$202,450$1,015,814
53$1,084,689$289,852$151,616$1,053,713
54$1,135,896$244,623$97,264$1,093,944
55$1,190,454$195,306$39,219$1,136,719
56$1,248,646$141,642$0$1,182,269
57$1,310,782$83,356$0$1,233,032
58$1,377,200$20,159$0$1,291,268
59$1,448,275$0$0$1,353,537
60$1,524,412$0$0$1,423,386
61$1,606,061$0$0$1,499,723
62$1,693,712$0$0$1,581,678
63$1,787,904$0$0$1,669,756
64$1,889,228$0$0$1,764,510
65$1,998,335$0$0$1,866,549
66$2,115,938$0$0$1,976,541
67$2,242,820$0$0$2,095,220
68$2,379,842$0$0$2,223,391
69$2,527,951$0$0$2,361,941
70$2,688,186$0$0$2,511,844
71$2,861,689$0$0$2,674,171
72$3,049,719$0$0$2,850,097
73$3,253,655$0$0$3,040,917
74$3,475,018$0$0$3,248,054
75$3,715,480$0$0$3,473,074
76$3,976,877$0$0$3,717,698
77$4,261,234$0$0$3,983,820
78$4,570,774$0$0$4,273,525
79$4,907,947$0$0$4,589,105
80$5,275,446$0$0$4,933,084
81$5,676,237$0$0$5,308,240
82$6,113,584$0$0$5,717,629
83$6,591,078$0$0$6,164,616
84$7,112,676$0$0$6,652,905
85$7,682,729$0$0$7,186,573
86$8,306,032$0$0$7,770,111
87$8,987,861$0$0$8,408,460
88$9,734,026$0$0$9,107,064
89$10,550,927$0$0$9,871,915
90$11,445,609$0$0$10,709,612
91$12,425,831$0$0$11,627,424
92$13,500,137$0$0$12,633,353
93$14,677,939$0$0$13,736,216
94$15,969,602$0$0$14,945,719
95$17,386,542$0$0$16,272,557
96$18,941,332$0$0$17,728,506
97$20,647,825$0$0$19,326,542
98$22,521,275$0$0$21,080,953
99$24,578,490$0$0$23,007,482
100$26,837,982$0$0$25,123,470