Can I retire at age 40 with 578,000?

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 $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%13.4%
1 years$47,731$47,306$46,891$46,486$46,091$45,439
2 years$23,629$23,189$22,762$22,349$21,948$21,293
3 years$15,596$15,154$14,729$14,319$13,925$13,287
4 years$11,581$11,140$10,719$10,316$9,931$9,315
5 years$9,172$8,734$8,318$7,924$7,550$6,957
6 years$7,567$7,132$6,722$6,337$5,974$5,405
7 years$6,420$5,989$5,586$5,210$4,858$4,314
8 years$5,561$5,134$4,738$4,370$4,030$3,510
9 years$4,893$4,470$4,081$3,723$3,394$2,898
10 years$4,359$3,940$3,558$3,209$2,892$2,419
11 years$3,922$3,508$3,132$2,793$2,487$2,038
12 years$3,559$3,148$2,780$2,450$2,155$1,729
13 years$3,251$2,845$2,483$2,163$1,880$1,475
14 years$2,988$2,586$2,231$1,920$1,648$1,264
15 years$2,760$2,362$2,015$1,712$1,451$1,088
16 years$2,561$2,168$1,826$1,533$1,282$940
17 years$2,385$1,996$1,662$1,377$1,137$814
18 years$2,229$1,845$1,517$1,241$1,011$707
19 years$2,090$1,710$1,389$1,122$901$615
20 years$1,964$1,589$1,275$1,016$805$536
21 years$1,851$1,480$1,172$922$720$468
22 years$1,748$1,381$1,081$838$646$409
23 years$1,655$1,292$998$763$579$357
24 years$1,569$1,210$923$696$521$313
25 years$1,490$1,136$855$636$469$274
26 years$1,418$1,068$793$581$422$241
27 years$1,350$1,005$736$532$381$211
28 years$1,288$947$684$488$343$186
29 years$1,230$893$637$447$310$163
30 years$1,177$843$593$410$280$143
31 years$1,126$797$553$377$253$126
32 years$1,079$754$516$346$229$111
33 years$1,035$714$482$319$207$98
34 years$994$677$450$293$188$86
35 years$955$642$421$270$170$76
36 years$918$610$394$248$154$67
37 years$883$579$368$229$140$59
38 years$851$550$345$211$127$52
39 years$820$523$323$195$115$45
40 years$790$498$303$179$104$40
41 years$762$474$284$166$94$35
42 years$736$451$266$153$86$31
43 years$711$430$250$141$78$27
44 years$687$410$235$130$71$24
45 years$664$391$220$120$64$21
46 years$642$373$207$111$58$19
47 years$621$356$194$103$53$17
48 years$601$340$183$95$48$15
49 years$583$324$172$88$44$13
50 years$564$310$162$81$40$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $578,000, adding $4,245 every year, while hoping to spend $25,663 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: 58/32/10 Blend
39$578,000$578,000$578,000$578,000
40$641,335$610,701$601,742$676,763
41$679,446$613,320$594,595$703,740
42$720,584$615,207$586,348$729,882
43$765,031$616,300$576,939$757,755
44$813,096$616,531$566,298$787,526
45$865,120$615,829$554,358$819,382
46$921,477$614,119$541,043$853,529
47$982,578$611,321$526,278$890,195
48$1,048,875$607,350$509,983$929,634
49$1,120,866$602,116$492,073$972,123
50$1,199,097$595,523$472,460$1,017,971
51$1,284,171$587,469$451,054$1,067,520
52$1,376,750$577,849$427,757$1,121,148
53$1,477,562$566,547$402,471$1,179,270
54$1,587,409$553,443$375,089$1,242,349
55$1,707,173$538,410$345,503$1,310,894
56$1,837,825$521,313$313,598$1,385,469
57$1,980,434$502,008$279,254$1,466,696
58$2,136,177$480,344$242,347$1,555,264
59$2,306,348$456,162$202,747$1,651,935
60$2,492,373$429,292$160,317$1,757,547
61$2,695,822$399,555$114,914$1,873,030
62$2,918,424$366,761$66,392$1,999,411
63$3,162,081$330,710$14,594$2,137,821
64$3,428,890$291,191$0$2,289,513
65$3,721,158$247,981$0$2,460,212
66$4,041,427$200,843$0$2,649,046
67$4,392,496$149,527$0$2,856,162
68$4,777,447$93,771$0$3,083,443
69$5,199,676$33,295$0$3,332,964
70$5,662,922$0$0$3,607,018
71$6,171,306$0$0$3,919,469
72$6,729,364$0$0$4,275,371
73$7,342,094$0$0$4,666,191
74$8,015,002$0$0$5,095,450
75$8,754,153$0$0$5,567,022
76$9,566,229$0$0$6,085,178
77$10,458,589$0$0$6,654,620
78$11,439,344$0$0$7,280,531
79$12,517,426$0$0$7,968,620
80$13,702,677$0$0$8,725,176
81$15,005,940$0$0$9,557,130
82$16,439,163$0$0$10,472,116
83$18,015,507$0$0$11,478,545
84$19,749,473$0$0$12,585,685
85$21,657,041$0$0$13,803,748
86$23,755,813$0$0$15,143,985
87$26,065,188$0$0$16,618,791
88$28,606,537$0$0$18,241,827
89$31,403,408$0$0$20,028,142
90$34,481,749$0$0$21,994,319
91$37,870,149$0$0$24,158,630
92$41,600,110$0$0$26,541,209
93$45,706,345$0$0$29,164,241
94$50,227,101$0$0$32,052,170
95$55,204,524$0$0$35,231,934
96$60,685,052$0$0$38,733,212
97$66,719,859$0$0$42,588,710
98$73,365,332$0$0$46,834,468
99$80,683,604$0$0$51,510,197
100$88,743,143$0$0$56,659,657