Can I retire at age 40 with 578,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$47,731$47,306$46,891$46,486$46,091$44,795
2 years$23,629$23,189$22,762$22,349$21,948$20,652
3 years$15,596$15,154$14,729$14,319$13,925$12,670
4 years$11,581$11,140$10,719$10,316$9,931$8,727
5 years$9,172$8,734$8,318$7,924$7,550$6,399
6 years$7,567$7,132$6,722$6,337$5,974$4,878
7 years$6,420$5,989$5,586$5,210$4,858$3,817
8 years$5,561$5,134$4,738$4,370$4,030$3,043
9 years$4,893$4,470$4,081$3,723$3,394$2,460
10 years$4,359$3,940$3,558$3,209$2,892$2,010
11 years$3,922$3,508$3,132$2,793$2,487$1,656
12 years$3,559$3,148$2,780$2,450$2,155$1,373
13 years$3,251$2,845$2,483$2,163$1,880$1,145
14 years$2,988$2,586$2,231$1,920$1,648$958
15 years$2,760$2,362$2,015$1,712$1,451$805
16 years$2,561$2,168$1,826$1,533$1,282$678
17 years$2,385$1,996$1,662$1,377$1,137$573
18 years$2,229$1,845$1,517$1,241$1,011$485
19 years$2,090$1,710$1,389$1,122$901$411
20 years$1,964$1,589$1,275$1,016$805$349
21 years$1,851$1,480$1,172$922$720$296
22 years$1,748$1,381$1,081$838$646$252
23 years$1,655$1,292$998$763$579$215
24 years$1,569$1,210$923$696$521$183
25 years$1,490$1,136$855$636$469$156
26 years$1,418$1,068$793$581$422$133
27 years$1,350$1,005$736$532$381$113
28 years$1,288$947$684$488$343$97
29 years$1,230$893$637$447$310$83
30 years$1,177$843$593$410$280$71
31 years$1,126$797$553$377$253$60
32 years$1,079$754$516$346$229$52
33 years$1,035$714$482$319$207$44
34 years$994$677$450$293$188$38
35 years$955$642$421$270$170$32
36 years$918$610$394$248$154$28
37 years$883$579$368$229$140$24
38 years$851$550$345$211$127$20
39 years$820$523$323$195$115$17
40 years$790$498$303$179$104$15
41 years$762$474$284$166$94$13
42 years$736$451$266$153$86$11
43 years$711$430$250$141$78$9
44 years$687$410$235$130$71$8
45 years$664$391$220$120$64$7
46 years$642$373$207$111$58$6
47 years$621$356$194$103$53$5
48 years$601$340$183$95$48$4
49 years$583$324$172$88$44$4
50 years$564$310$162$81$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $578,000, adding $5,778 every year, while hoping to spend $34,517 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: 47/35/18 Blend
39$578,000$578,000$578,000$578,000
40$642,916$612,282$603,323$669,604
41$671,768$605,558$586,809$682,042
42$702,405$597,348$568,584$691,588
43$734,975$587,542$548,555$701,216
44$769,635$576,024$526,625$710,947
45$806,561$562,673$502,691$720,808
46$845,944$547,358$476,645$730,831
47$887,994$529,941$448,375$741,053
48$932,938$510,278$417,765$751,517
49$981,030$488,213$384,692$762,274
50$1,032,545$463,585$349,029$773,384
51$1,087,784$436,221$310,641$784,916
52$1,147,081$405,938$269,390$796,948
53$1,210,798$372,545$225,130$809,571
54$1,279,337$335,836$177,709$822,890
55$1,353,134$295,598$126,968$837,023
56$1,432,674$251,602$72,741$852,106
57$1,518,484$203,608$14,855$868,292
58$1,611,147$151,362$0$885,756
59$1,711,301$94,596$0$913,707
60$1,819,649$33,027$0$946,987
61$1,936,964$0$0$983,031
62$2,064,093$0$0$1,035,120
63$2,201,971$0$0$1,105,462
64$2,351,623$0$0$1,181,870
65$2,514,179$0$0$1,264,926
66$2,690,880$0$0$1,355,273
67$2,883,093$0$0$1,453,617
68$3,092,321$0$0$1,560,735
69$3,320,217$0$0$1,677,483
70$3,568,602$0$0$1,804,803
71$3,839,478$0$0$1,943,729
72$4,135,050$0$0$2,095,404
73$4,457,745$0$0$2,261,082
74$4,810,234$0$0$2,442,146
75$5,195,458$0$0$2,640,116
76$5,616,653$0$0$2,856,669
77$6,077,385$0$0$3,093,650
78$6,581,578$0$0$3,353,088
79$7,133,555$0$0$3,637,222
80$7,738,073$0$0$3,948,514
81$8,400,375$0$0$4,289,678
82$9,126,232$0$0$4,663,700
83$9,922,000$0$0$5,073,871
84$10,794,681$0$0$5,523,816
85$11,751,985$0$0$6,017,525
86$12,802,406$0$0$6,559,398
87$13,955,299$0$0$7,154,275
88$15,220,969$0$0$7,807,494
89$16,610,768$0$0$8,524,931
90$18,137,200$0$0$9,313,060
91$19,814,040$0$0$10,179,013
92$21,656,463$0$0$11,130,649
93$23,681,188$0$0$12,176,622
94$25,906,631$0$0$13,326,471
95$28,353,083$0$0$14,590,700
96$31,042,898$0$0$15,980,887
97$34,000,706$0$0$17,509,783
98$37,253,639$0$0$19,191,440
99$40,831,595$0$0$21,041,340
100$44,767,512$0$0$23,076,539