Can I retire at age 40 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$47,896$47,469$47,053$46,647$46,250$45,187
2 years$23,711$23,269$22,841$22,426$22,024$20,959
3 years$15,650$15,207$14,780$14,369$13,973$12,939
4 years$11,621$11,179$10,756$10,352$9,966$8,971
5 years$9,204$8,764$8,347$7,951$7,576$6,623
6 years$7,593$7,157$6,746$6,359$5,994$5,084
7 years$6,443$6,010$5,606$5,228$4,875$4,008
8 years$5,580$5,152$4,754$4,385$4,044$3,220
9 years$4,910$4,486$4,095$3,735$3,406$2,624
10 years$4,374$3,954$3,570$3,220$2,902$2,161
11 years$3,936$3,520$3,143$2,802$2,496$1,795
12 years$3,571$3,159$2,789$2,458$2,163$1,501
13 years$3,263$2,855$2,492$2,170$1,886$1,263
14 years$2,998$2,595$2,239$1,926$1,653$1,066
15 years$2,770$2,371$2,022$1,718$1,456$904
16 years$2,570$2,175$1,833$1,538$1,287$769
17 years$2,393$2,003$1,668$1,382$1,141$655
18 years$2,237$1,851$1,522$1,246$1,014$560
19 years$2,097$1,715$1,394$1,125$904$479
20 years$1,971$1,594$1,279$1,019$808$411
21 years$1,858$1,485$1,177$925$723$353
22 years$1,754$1,386$1,084$841$648$303
23 years$1,660$1,296$1,001$766$581$261
24 years$1,574$1,215$926$699$523$224
25 years$1,495$1,140$858$638$470$193
26 years$1,422$1,071$795$583$424$166
27 years$1,355$1,008$739$534$382$144
28 years$1,293$950$687$489$345$124
29 years$1,235$896$639$449$311$107
30 years$1,181$846$595$412$281$92
31 years$1,130$800$555$378$254$80
32 years$1,083$757$518$348$230$69
33 years$1,039$717$483$320$208$59
34 years$997$680$452$294$188$51
35 years$958$645$422$271$171$44
36 years$921$612$395$249$155$38
37 years$886$581$370$230$140$33
38 years$854$552$346$212$127$29
39 years$822$525$324$195$115$25
40 years$793$500$304$180$104$21
41 years$765$476$285$166$95$19
42 years$738$453$267$153$86$16
43 years$713$431$251$142$78$14
44 years$689$411$236$131$71$12
45 years$666$392$221$121$64$10
46 years$644$374$208$111$58$9
47 years$624$357$195$103$53$8
48 years$604$341$183$95$48$7
49 years$585$326$172$88$44$6
50 years$566$311$162$81$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $580,000, adding $3,733 every year, while hoping to spend $25,886 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: 64/24/12 Blend
39$580,000$580,000$580,000$580,000
40$643,011$612,271$603,281$682,154
41$681,055$614,729$595,948$711,241
42$722,113$616,441$587,502$739,652
43$766,463$617,342$577,878$770,037
44$814,414$617,363$567,009$802,588
45$866,304$616,434$554,824$837,517
46$922,505$614,476$541,248$875,057
47$983,425$611,410$526,204$915,467
48$1,049,513$607,149$509,611$959,032
49$1,121,265$601,600$491,385$1,006,068
50$1,199,224$594,668$471,436$1,056,921
51$1,283,987$586,250$449,671$1,111,977
52$1,376,213$576,235$425,995$1,171,661
53$1,476,626$564,510$400,305$1,236,441
54$1,586,023$550,952$372,495$1,306,836
55$1,705,279$535,430$342,456$1,383,417
56$1,835,360$517,809$310,071$1,466,816
57$1,977,328$497,943$275,220$1,557,732
58$2,132,352$475,678$237,776$1,656,933
59$2,301,718$450,853$197,607$1,765,271
60$2,486,843$423,295$154,577$1,883,685
61$2,689,287$392,822$108,542$2,013,210
62$2,910,767$359,243$59,351$2,154,992
63$3,153,174$322,355$6,848$2,310,293
64$3,418,590$281,943$0$2,480,508
65$3,709,308$237,779$0$2,673,474
66$4,027,853$189,626$0$2,885,935
67$4,377,006$137,229$0$3,118,913
68$4,759,829$80,322$0$3,374,500
69$5,179,696$18,622$0$3,655,004
70$5,640,321$0$0$3,962,970
71$6,145,798$0$0$4,313,926
72$6,700,633$0$0$4,704,592
73$7,309,792$0$0$5,133,551
74$7,978,745$0$0$5,604,661
75$8,713,517$0$0$6,122,169
76$9,520,746$0$0$6,690,757
77$10,407,742$0$0$7,315,581
78$11,382,563$0$0$8,002,321
79$12,454,082$0$0$8,757,237
80$13,632,077$0$0$9,587,222
81$14,927,319$0$0$10,499,873
82$16,351,676$0$0$11,503,560
83$17,918,223$0$0$12,607,502
84$19,641,366$0$0$13,821,860
85$21,536,978$0$0$15,157,827
86$23,622,546$0$0$16,627,736
87$25,917,340$0$0$18,245,175
88$28,442,588$0$0$20,025,118
89$31,221,686$0$0$21,984,061
90$34,280,406$0$0$24,140,182
91$37,647,151$0$0$26,513,511
92$41,353,213$0$0$29,126,117
93$45,433,074$0$0$32,002,318
94$49,924,728$0$0$35,168,909
95$54,870,042$0$0$38,655,417
96$60,315,147$0$0$42,494,376
97$66,310,877$0$0$46,721,636
98$72,913,243$0$0$51,376,701
99$80,183,969$0$0$56,503,101
100$88,191,066$0$0$62,148,801