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%14.2%
1 years$47,731$47,306$46,891$46,486$46,091$45,290
2 years$23,629$23,189$22,762$22,349$21,948$21,144
3 years$15,596$15,154$14,729$14,319$13,925$13,142
4 years$11,581$11,140$10,719$10,316$9,931$9,176
5 years$9,172$8,734$8,318$7,924$7,550$6,824
6 years$7,567$7,132$6,722$6,337$5,974$5,279
7 years$6,420$5,989$5,586$5,210$4,858$4,195
8 years$5,561$5,134$4,738$4,370$4,030$3,398
9 years$4,893$4,470$4,081$3,723$3,394$2,792
10 years$4,359$3,940$3,558$3,209$2,892$2,319
11 years$3,922$3,508$3,132$2,793$2,487$1,944
12 years$3,559$3,148$2,780$2,450$2,155$1,640
13 years$3,251$2,845$2,483$2,163$1,880$1,392
14 years$2,988$2,586$2,231$1,920$1,648$1,187
15 years$2,760$2,362$2,015$1,712$1,451$1,016
16 years$2,561$2,168$1,826$1,533$1,282$873
17 years$2,385$1,996$1,662$1,377$1,137$752
18 years$2,229$1,845$1,517$1,241$1,011$649
19 years$2,090$1,710$1,389$1,122$901$561
20 years$1,964$1,589$1,275$1,016$805$486
21 years$1,851$1,480$1,172$922$720$422
22 years$1,748$1,381$1,081$838$646$366
23 years$1,655$1,292$998$763$579$318
24 years$1,569$1,210$923$696$521$277
25 years$1,490$1,136$855$636$469$241
26 years$1,418$1,068$793$581$422$210
27 years$1,350$1,005$736$532$381$183
28 years$1,288$947$684$488$343$160
29 years$1,230$893$637$447$310$140
30 years$1,177$843$593$410$280$122
31 years$1,126$797$553$377$253$107
32 years$1,079$754$516$346$229$93
33 years$1,035$714$482$319$207$81
34 years$994$677$450$293$188$71
35 years$955$642$421$270$170$62
36 years$918$610$394$248$154$54
37 years$883$579$368$229$140$48
38 years$851$550$345$211$127$42
39 years$820$523$323$195$115$36
40 years$790$498$303$179$104$32
41 years$762$474$284$166$94$28
42 years$736$451$266$153$86$24
43 years$711$430$250$141$78$21
44 years$687$410$235$130$71$19
45 years$664$391$220$120$64$16
46 years$642$373$207$111$58$14
47 years$621$356$194$103$53$13
48 years$601$340$183$95$48$11
49 years$583$324$172$88$44$10
50 years$564$310$162$81$40$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $578,000, adding $2,010 every year, while hoping to spend $34,799 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: 33/49/18 Blend
39$578,000$578,000$578,000$578,000
40$639,029$608,395$599,436$656,492
41$667,184$601,181$582,492$662,361
42$697,045$592,446$563,813$665,330
43$728,748$582,081$543,305$667,793
44$762,445$569,967$520,870$669,725
45$798,298$555,979$496,403$671,104
46$836,487$539,985$469,796$671,905
47$877,211$521,846$440,935$672,109
48$920,683$501,413$409,703$671,694
49$967,140$478,530$375,976$670,645
50$1,016,841$453,031$339,624$668,945
51$1,070,070$424,740$300,512$666,583
52$1,127,137$393,473$258,500$663,550
53$1,188,385$359,033$213,439$659,843
54$1,254,188$321,214$165,178$655,463
55$1,324,958$279,795$113,553$650,417
56$1,401,145$234,547$58,399$644,720
57$1,483,247$185,225$0$638,393
58$1,571,807$131,570$0$631,558
59$1,667,424$73,310$0$636,142
60$1,770,756$10,157$0$641,009
61$1,882,526$0$0$646,265
62$2,003,527$0$0$683,412
63$2,134,633$0$0$729,667
64$2,276,805$0$0$779,900
65$2,431,098$0$0$834,496
66$2,598,674$0$0$893,874
67$2,780,810$0$0$958,498
68$2,978,911$0$0$1,028,878
69$3,194,524$0$0$1,105,573
70$3,429,351$0$0$1,189,201
71$3,685,263$0$0$1,280,442
72$3,964,320$0$0$1,380,042
73$4,268,791$0$0$1,488,825
74$4,601,172$0$0$1,607,696
75$4,964,209$0$0$1,737,653
76$5,360,929$0$0$1,879,794
77$5,794,661$0$0$2,035,327
78$6,269,071$0$0$2,205,584
79$6,788,197$0$0$2,392,031
80$7,356,483$0$0$2,596,283
81$7,978,825$0$0$2,820,116
82$8,660,614$0$0$3,065,489
83$9,407,785$0$0$3,334,558
84$10,226,877$0$0$3,629,699
85$11,125,091$0$0$3,953,527
86$12,110,358$0$0$4,308,924
87$13,191,412$0$0$4,699,064
88$14,377,877$0$0$5,127,443
89$15,680,350$0$0$5,597,912
90$17,110,508$0$0$6,114,715
91$18,681,211$0$0$6,682,524
92$20,406,627$0$0$7,306,490
93$22,302,363$0$0$7,992,284
94$24,385,613$0$0$8,746,155
95$26,675,320$0$0$9,574,990
96$29,192,352$0$0$10,486,372
97$31,959,699$0$0$11,488,659
98$35,002,692$0$0$12,591,060
99$38,349,239$0$0$13,803,717
100$42,030,086$0$0$15,137,809