Can I retire at age 40 with 579,000?

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 $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%11%
1 years$47,813$47,387$46,972$46,566$46,170$45,976
2 years$23,670$23,229$22,802$22,388$21,986$21,789
3 years$15,623$15,180$14,754$14,344$13,949$13,757
4 years$11,601$11,159$10,737$10,334$9,948$9,762
5 years$9,188$8,749$8,333$7,938$7,563$7,382
6 years$7,580$7,144$6,734$6,348$5,984$5,810
7 years$6,431$6,000$5,596$5,219$4,867$4,699
8 years$5,571$5,143$4,746$4,378$4,037$3,877
9 years$4,902$4,478$4,088$3,729$3,400$3,246
10 years$4,367$3,947$3,564$3,214$2,897$2,749
11 years$3,929$3,514$3,137$2,798$2,491$2,350
12 years$3,565$3,154$2,784$2,454$2,159$2,024
13 years$3,257$2,850$2,488$2,166$1,883$1,754
14 years$2,993$2,591$2,235$1,923$1,650$1,528
15 years$2,765$2,367$2,018$1,715$1,453$1,336
16 years$2,565$2,171$1,830$1,536$1,284$1,173
17 years$2,389$2,000$1,665$1,380$1,139$1,033
18 years$2,233$1,848$1,520$1,243$1,013$912
19 years$2,093$1,713$1,391$1,124$902$807
20 years$1,968$1,591$1,277$1,018$806$716
21 years$1,854$1,482$1,175$924$721$636
22 years$1,751$1,384$1,082$840$647$566
23 years$1,658$1,294$999$765$580$504
24 years$1,572$1,212$924$697$522$450
25 years$1,493$1,138$856$637$469$402
26 years$1,420$1,069$794$582$423$359
27 years$1,353$1,006$737$533$381$321
28 years$1,290$948$685$488$344$288
29 years$1,233$895$638$448$311$258
30 years$1,179$845$594$411$281$231
31 years$1,128$799$554$378$254$207
32 years$1,081$756$517$347$230$186
33 years$1,037$716$483$319$208$167
34 years$995$678$451$294$188$150
35 years$956$643$422$270$170$135
36 years$920$611$394$249$154$121
37 years$885$580$369$229$140$109
38 years$852$551$346$211$127$98
39 years$821$524$324$195$115$88
40 years$792$499$304$180$104$79
41 years$764$475$285$166$95$71
42 years$737$452$267$153$86$64
43 years$712$431$251$141$78$58
44 years$688$411$235$130$71$52
45 years$665$392$221$120$64$47
46 years$643$374$207$111$58$42
47 years$622$356$195$103$53$38
48 years$603$340$183$95$48$34
49 years$584$325$172$88$44$31
50 years$565$310$162$81$40$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $579,000, adding $2,060 every year, while hoping to spend $44,582 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: 73/5/22 Blend
39$579,000$579,000$579,000$579,000
40$640,183$609,496$600,521$683,331
41$658,047$591,926$573,204$694,746
42$676,238$572,002$543,477$701,702
43$694,744$549,559$511,213$708,207
44$713,548$524,428$476,279$714,206
45$732,630$496,424$438,534$719,644
46$751,966$465,358$397,833$724,459
47$771,530$431,024$354,024$728,583
48$791,290$393,207$306,948$731,943
49$811,209$351,682$256,438$734,461
50$831,245$306,207$202,321$736,050
51$851,349$256,528$144,415$736,618
52$871,466$202,377$82,533$736,063
53$891,533$143,471$16,475$734,274
54$911,479$79,511$0$731,132
55$931,224$10,181$0$739,188
56$950,676$0$0$750,571
57$969,732$0$0$764,876
58$988,279$0$0$779,316
59$1,006,185$0$0$793,226
60$1,023,306$0$0$806,489
61$1,039,481$0$0$818,974
62$1,054,527$0$0$830,534
63$1,068,241$0$0$841,006
64$1,080,398$0$0$850,208
65$1,090,746$0$0$857,937
66$1,099,005$0$0$863,965
67$1,104,861$0$0$868,042
68$1,107,967$0$0$869,886
69$1,107,939$0$0$869,188
70$1,104,347$0$0$865,602
71$1,096,715$0$0$858,745
72$1,084,517$0$0$848,191
73$1,067,166$0$0$833,469
74$1,044,014$0$0$814,056
75$1,014,343$0$0$789,373
76$977,356$0$0$758,780
77$932,172$0$0$721,566
78$877,816$0$0$676,947
79$813,209$0$0$624,052
80$737,156$0$0$561,921
81$648,337$0$0$489,491
82$545,292$0$0$405,585
83$426,407$0$0$308,905
84$289,900$0$0$198,015
85$133,799$0$0$71,329
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0