Can I retire at age 40 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$47,648$47,224$46,810$46,405$46,011$44,808
2 years$23,588$23,149$22,723$22,310$21,910$20,706
3 years$15,569$15,128$14,703$14,294$13,901$12,733
4 years$11,561$11,121$10,700$10,298$9,914$8,793
5 years$9,156$8,719$8,304$7,910$7,536$6,464
6 years$7,553$7,120$6,711$6,326$5,963$4,941
7 years$6,409$5,979$5,577$5,201$4,850$3,878
8 years$5,551$5,125$4,729$4,363$4,023$3,101
9 years$4,885$4,462$4,073$3,716$3,388$2,514
10 years$4,352$3,933$3,551$3,203$2,887$2,061
11 years$3,916$3,502$3,127$2,788$2,483$1,703
12 years$3,553$3,143$2,775$2,445$2,152$1,417
13 years$3,246$2,840$2,479$2,159$1,876$1,185
14 years$2,983$2,582$2,227$1,916$1,645$995
15 years$2,755$2,358$2,011$1,709$1,448$839
16 years$2,556$2,164$1,823$1,530$1,280$710
17 years$2,381$1,993$1,659$1,375$1,135$601
18 years$2,225$1,841$1,515$1,239$1,009$511
19 years$2,086$1,707$1,387$1,120$899$435
20 years$1,961$1,586$1,272$1,014$803$370
21 years$1,848$1,477$1,170$920$719$316
22 years$1,745$1,379$1,079$837$644$270
23 years$1,652$1,290$996$762$578$231
24 years$1,566$1,208$921$695$520$197
25 years$1,488$1,134$853$635$468$169
26 years$1,415$1,066$791$580$421$145
27 years$1,348$1,003$735$531$380$124
28 years$1,286$945$683$487$343$106
29 years$1,228$892$636$446$310$91
30 years$1,175$842$592$410$280$78
31 years$1,124$796$552$376$253$67
32 years$1,077$753$515$346$229$57
33 years$1,033$713$481$318$207$49
34 years$992$676$449$293$187$42
35 years$953$641$420$269$170$36
36 years$916$609$393$248$154$31
37 years$882$578$368$229$139$27
38 years$849$549$344$211$126$23
39 years$818$522$323$194$115$20
40 years$789$497$302$179$104$17
41 years$761$473$284$165$94$15
42 years$735$451$266$153$86$12
43 years$709$429$250$141$78$11
44 years$686$409$234$130$70$9
45 years$663$390$220$120$64$8
46 years$641$372$207$111$58$7
47 years$620$355$194$102$53$6
48 years$600$339$182$95$48$5
49 years$581$324$171$88$44$4
50 years$563$309$161$81$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $577,000, adding $5,265 every year, while hoping to spend $24,902 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: 35/41/24 Blend
39$577,000$577,000$577,000$577,000
40$641,285$610,704$601,760$658,915
41$680,200$614,133$595,424$675,866
42$722,251$616,895$588,040$691,495
43$767,729$618,932$579,549$707,860
44$816,958$620,181$569,884$725,045
45$870,293$620,574$558,981$743,139
46$928,123$620,043$546,766$762,246
47$990,877$618,510$533,169$782,481
48$1,059,027$615,897$518,110$803,971
49$1,133,091$612,120$501,510$826,862
50$1,213,640$607,087$483,284$851,312
51$1,301,301$600,705$463,344$877,503
52$1,396,766$592,871$441,599$905,634
53$1,500,795$583,480$417,950$935,928
54$1,614,223$572,418$392,299$968,634
55$1,737,972$559,565$364,539$1,004,030
56$1,873,055$544,793$334,561$1,042,425
57$2,020,587$527,969$302,250$1,084,163
58$2,181,797$508,949$267,485$1,129,626
59$2,358,036$487,584$230,142$1,179,240
60$2,550,794$463,713$190,089$1,233,478
61$2,761,707$437,168$147,190$1,292,866
62$2,992,582$407,770$101,302$1,357,987
63$3,245,406$375,331$52,275$1,429,491
64$3,522,366$339,651$0$1,508,097
65$3,825,873$300,519$0$1,594,616
66$4,158,581$257,714$0$1,704,207
67$4,523,413$210,998$0$1,824,497
68$4,923,589$160,124$0$1,956,620
69$5,362,654$104,829$0$2,101,830
70$5,844,514$44,836$0$2,261,515
71$6,373,473$0$0$2,437,208
72$6,954,270$0$0$2,639,692
73$7,592,125$0$0$2,884,372
74$8,292,789$0$0$3,153,235
75$9,062,599$0$0$3,448,724
76$9,908,534$0$0$3,773,529
77$10,838,282$0$0$4,130,615
78$11,860,316$0$0$4,523,248
79$12,983,969$0$0$4,955,025
80$14,219,521$0$0$5,429,912
81$15,578,302$0$0$5,952,275
82$17,072,794$0$0$6,526,928
83$18,716,747$0$0$7,159,172
84$20,525,312$0$0$7,854,850
85$22,515,185$0$0$8,620,398
86$24,704,757$0$0$9,462,909
87$27,114,296$0$0$10,390,198
88$29,766,132$0$0$11,410,876
89$32,684,870$0$0$12,534,431
90$35,897,621$0$0$13,771,317
91$39,434,258$0$0$15,133,054
92$43,327,696$0$0$16,632,336
93$47,614,207$0$0$18,283,150
94$52,333,754$0$0$20,100,908
95$57,530,377$0$0$22,102,592
96$63,252,601$0$0$24,306,917
97$69,553,896$0$0$26,734,504
98$76,493,184$0$0$29,408,076
99$84,135,390$0$0$32,352,671
100$92,552,057$0$0$35,595,882