Can I retire at age 40 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$47,318$46,896$46,485$46,084$45,692$44,953
2 years$23,425$22,988$22,566$22,156$21,758$21,016
3 years$15,461$15,023$14,601$14,195$13,804$13,082
4 years$11,480$11,044$10,626$10,227$9,845$9,148
5 years$9,093$8,658$8,246$7,855$7,484$6,814
6 years$7,501$7,070$6,664$6,282$5,922$5,280
7 years$6,365$5,938$5,538$5,165$4,816$4,202
8 years$5,513$5,090$4,697$4,333$3,995$3,410
9 years$4,851$4,431$4,045$3,690$3,365$2,807
10 years$4,321$3,906$3,527$3,181$2,867$2,336
11 years$3,888$3,477$3,105$2,769$2,466$1,961
12 years$3,528$3,121$2,755$2,428$2,137$1,659
13 years$3,223$2,821$2,462$2,144$1,863$1,410
14 years$2,962$2,564$2,212$1,903$1,633$1,205
15 years$2,736$2,342$1,997$1,697$1,438$1,034
16 years$2,539$2,149$1,811$1,520$1,271$890
17 years$2,364$1,979$1,648$1,365$1,127$768
18 years$2,210$1,829$1,504$1,231$1,002$664
19 years$2,072$1,695$1,377$1,112$893$576
20 years$1,947$1,575$1,264$1,007$798$500
21 years$1,835$1,467$1,162$914$714$434
22 years$1,733$1,369$1,071$831$640$378
23 years$1,640$1,281$989$757$574$330
24 years$1,555$1,200$915$690$516$288
25 years$1,477$1,126$847$630$465$251
26 years$1,405$1,058$786$576$418$219
27 years$1,339$996$730$528$377$192
28 years$1,277$939$678$483$340$168
29 years$1,220$885$631$443$307$147
30 years$1,166$836$588$407$278$129
31 years$1,117$790$548$374$251$113
32 years$1,070$748$511$343$227$99
33 years$1,026$708$478$316$206$86
34 years$985$671$446$291$186$76
35 years$946$637$417$267$169$66
36 years$910$604$390$246$153$58
37 years$876$574$365$227$138$51
38 years$843$545$342$209$126$45
39 years$813$519$320$193$114$39
40 years$783$494$300$178$103$34
41 years$756$470$282$164$94$30
42 years$730$447$264$151$85$27
43 years$705$426$248$140$77$23
44 years$681$406$233$129$70$20
45 years$658$387$219$119$64$18
46 years$637$370$205$110$58$16
47 years$616$353$193$102$52$14
48 years$596$337$181$94$48$12
49 years$577$322$170$87$43$11
50 years$559$307$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 $573,000, adding $6,587 every year, while hoping to spend $31,551 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: 66/18/16 Blend
39$573,000$573,000$573,000$573,000
40$638,240$607,871$598,990$677,479
41$669,771$604,087$585,486$700,754
42$703,460$599,060$570,472$721,911
43$739,495$592,696$553,865$744,260
44$778,080$584,894$535,576$767,918
45$819,440$575,550$515,514$793,013
46$863,822$564,551$493,583$819,687
47$911,496$551,778$469,682$848,098
48$962,759$537,106$443,707$878,421
49$1,017,937$520,401$415,547$910,849
50$1,077,388$501,521$385,089$945,598
51$1,141,505$480,319$352,213$982,906
52$1,210,720$456,636$316,794$1,023,036
53$1,285,507$430,306$278,700$1,066,281
54$1,366,388$401,150$237,797$1,112,963
55$1,453,937$368,984$193,940$1,163,443
56$1,548,784$333,609$146,982$1,218,115
57$1,651,621$294,817$96,767$1,277,419
58$1,763,210$252,387$43,132$1,341,841
59$1,884,390$206,086$0$1,411,919
60$2,016,082$155,669$0$1,490,655
61$2,159,301$100,875$0$1,584,315
62$2,315,161$41,430$0$1,686,286
63$2,484,891$0$0$1,797,407
64$2,669,842$0$0$1,923,148
65$2,871,499$0$0$2,069,229
66$3,091,500$0$0$2,228,633
67$3,331,644$0$0$2,402,669
68$3,593,915$0$0$2,592,778
69$3,880,494$0$0$2,800,547
70$4,193,785$0$0$3,027,722
71$4,536,431$0$0$3,276,227
72$4,911,346$0$0$3,548,179
73$5,321,737$0$0$3,845,910
74$5,771,135$0$0$4,171,989
75$6,263,429$0$0$4,529,241
76$6,802,902$0$0$4,920,783
77$7,394,269$0$0$5,350,043
78$8,042,727$0$0$5,820,798
79$8,753,996$0$0$6,337,210
80$9,534,378$0$0$6,903,860
81$10,390,814$0$0$7,525,797
82$11,330,950$0$0$8,208,580
83$12,363,210$0$0$8,958,334
84$13,496,869$0$0$9,781,807
85$14,742,149$0$0$10,686,429
86$16,110,308$0$0$11,680,390
87$17,613,750$0$0$12,772,710
88$19,266,139$0$0$13,973,324
89$21,082,529$0$0$15,293,182
90$23,079,505$0$0$16,744,345
91$25,275,340$0$0$18,340,102
92$27,690,163$0$0$20,095,092
93$30,346,156$0$0$22,025,446
94$33,267,756$0$0$24,148,937
95$36,481,887$0$0$26,485,147
96$40,018,215$0$0$29,055,650
97$43,909,426$0$0$31,884,218
98$48,191,536$0$0$34,997,045
99$52,904,226$0$0$38,422,990
100$58,091,221$0$0$42,193,853