Can I retire at age 40 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$47,813$47,387$46,972$46,566$46,170$44,836
2 years$23,670$23,229$22,802$22,388$21,986$20,652
3 years$15,623$15,180$14,754$14,344$13,949$12,658
4 years$11,601$11,159$10,737$10,334$9,948$8,709
5 years$9,188$8,749$8,333$7,938$7,563$6,379
6 years$7,580$7,144$6,734$6,348$5,984$4,858
7 years$6,431$6,000$5,596$5,219$4,867$3,797
8 years$5,571$5,143$4,746$4,378$4,037$3,024
9 years$4,902$4,478$4,088$3,729$3,400$2,442
10 years$4,367$3,947$3,564$3,214$2,897$1,992
11 years$3,929$3,514$3,137$2,798$2,491$1,639
12 years$3,565$3,154$2,784$2,454$2,159$1,357
13 years$3,257$2,850$2,488$2,166$1,883$1,130
14 years$2,993$2,591$2,235$1,923$1,650$945
15 years$2,765$2,367$2,018$1,715$1,453$792
16 years$2,565$2,171$1,830$1,536$1,284$667
17 years$2,389$2,000$1,665$1,380$1,139$562
18 years$2,233$1,848$1,520$1,243$1,013$475
19 years$2,093$1,713$1,391$1,124$902$402
20 years$1,968$1,591$1,277$1,018$806$341
21 years$1,854$1,482$1,175$924$721$289
22 years$1,751$1,384$1,082$840$647$246
23 years$1,658$1,294$999$765$580$209
24 years$1,572$1,212$924$697$522$177
25 years$1,493$1,138$856$637$469$151
26 years$1,420$1,069$794$582$423$129
27 years$1,353$1,006$737$533$381$110
28 years$1,290$948$685$488$344$93
29 years$1,233$895$638$448$311$80
30 years$1,179$845$594$411$281$68
31 years$1,128$799$554$378$254$58
32 years$1,081$756$517$347$230$49
33 years$1,037$716$483$319$208$42
34 years$995$678$451$294$188$36
35 years$956$643$422$270$170$31
36 years$920$611$394$249$154$26
37 years$885$580$369$229$140$22
38 years$852$551$346$211$127$19
39 years$821$524$324$195$115$16
40 years$792$499$304$180$104$14
41 years$764$475$285$166$95$12
42 years$737$452$267$153$86$10
43 years$712$431$251$141$78$9
44 years$688$411$235$130$71$7
45 years$665$392$221$120$64$6
46 years$643$374$207$111$58$5
47 years$622$356$195$103$53$5
48 years$603$340$183$95$48$4
49 years$584$325$172$88$44$3
50 years$565$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 $579,000, adding $5,324 every year, while hoping to spend $30,665 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: 71/21/8 Blend
39$579,000$579,000$579,000$579,000
40$643,550$612,863$603,888$687,994
41$676,564$610,266$591,491$715,484
42$711,919$606,514$577,651$741,262
43$749,819$601,518$562,287$768,636
44$790,492$595,183$545,315$797,754
45$834,186$587,410$526,646$828,781
46$881,173$578,093$506,189$861,900
47$931,752$567,119$483,846$897,312
48$986,252$554,370$459,516$935,240
49$1,045,034$539,719$433,095$975,929
50$1,108,495$523,033$404,471$1,019,653
51$1,177,071$504,170$373,529$1,066,710
52$1,251,239$482,982$340,150$1,117,433
53$1,331,528$459,309$304,207$1,172,189
54$1,418,514$432,986$265,568$1,231,383
55$1,512,835$403,835$224,097$1,295,462
56$1,615,190$371,669$179,650$1,364,922
57$1,726,349$336,290$132,078$1,440,307
58$1,847,157$297,489$81,224$1,522,223
59$1,978,547$255,046$26,925$1,611,334
60$2,121,543$208,727$0$1,708,378
61$2,277,272$158,286$0$1,816,816
62$2,446,973$103,462$0$1,937,522
63$2,632,013$43,981$0$2,069,203
64$2,833,894$0$0$2,212,971
65$3,054,269$0$0$2,374,778
66$3,294,959$0$0$2,562,628
67$3,557,968$0$0$2,767,925
68$3,845,502$0$0$2,992,397
69$4,159,989$0$0$3,237,941
70$4,504,106$0$0$3,506,652
71$4,880,795$0$0$3,800,832
72$5,293,301$0$0$4,123,018
73$5,745,195$0$0$4,476,003
74$6,240,409$0$0$4,862,865
75$6,783,275$0$0$5,286,992
76$7,378,563$0$0$5,752,115
77$8,031,527$0$0$6,262,346
78$8,747,954$0$0$6,822,210
79$9,534,220$0$0$7,436,695
80$10,397,344$0$0$8,111,294
81$11,345,063$0$0$8,852,059
82$12,385,895$0$0$9,665,653
83$13,529,226$0$0$10,559,421
84$14,785,397$0$0$11,541,451
85$16,165,796$0$0$12,620,655
86$17,682,974$0$0$13,806,850
87$19,350,754$0$0$15,110,851
88$21,184,367$0$0$16,544,576
89$23,200,594$0$0$18,121,151
90$25,417,921$0$0$19,855,042
91$27,856,718$0$0$21,762,183
92$30,539,427$0$0$23,860,134
93$33,490,774$0$0$26,168,239
94$36,738,003$0$0$28,707,814
95$40,311,131$0$0$31,502,343
96$44,243,232$0$0$34,577,704
97$48,570,748$0$0$37,962,409
98$53,333,835$0$0$41,687,873
99$58,576,736$0$0$45,788,714
100$64,348,203$0$0$50,303,074