Can I retire at age 40 with 580,000?

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 $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%14.7%
1 years$47,896$47,469$47,053$46,647$46,250$45,353
2 years$23,711$23,269$22,841$22,426$22,024$21,124
3 years$15,650$15,207$14,780$14,369$13,973$13,098
4 years$11,621$11,179$10,756$10,352$9,966$9,122
5 years$9,204$8,764$8,347$7,951$7,576$6,767
6 years$7,593$7,157$6,746$6,359$5,994$5,220
7 years$6,443$6,010$5,606$5,228$4,875$4,136
8 years$5,580$5,152$4,754$4,385$4,044$3,341
9 years$4,910$4,486$4,095$3,735$3,406$2,737
10 years$4,374$3,954$3,570$3,220$2,902$2,267
11 years$3,936$3,520$3,143$2,802$2,496$1,894
12 years$3,571$3,159$2,789$2,458$2,163$1,593
13 years$3,263$2,855$2,492$2,170$1,886$1,348
14 years$2,998$2,595$2,239$1,926$1,653$1,145
15 years$2,770$2,371$2,022$1,718$1,456$977
16 years$2,570$2,175$1,833$1,538$1,287$836
17 years$2,393$2,003$1,668$1,382$1,141$717
18 years$2,237$1,851$1,522$1,246$1,014$617
19 years$2,097$1,715$1,394$1,125$904$532
20 years$1,971$1,594$1,279$1,019$808$459
21 years$1,858$1,485$1,177$925$723$396
22 years$1,754$1,386$1,084$841$648$343
23 years$1,660$1,296$1,001$766$581$297
24 years$1,574$1,215$926$699$523$258
25 years$1,495$1,140$858$638$470$223
26 years$1,422$1,071$795$583$424$194
27 years$1,355$1,008$739$534$382$168
28 years$1,293$950$687$489$345$146
29 years$1,235$896$639$449$311$127
30 years$1,181$846$595$412$281$111
31 years$1,130$800$555$378$254$96
32 years$1,083$757$518$348$230$84
33 years$1,039$717$483$320$208$73
34 years$997$680$452$294$188$64
35 years$958$645$422$271$171$55
36 years$921$612$395$249$155$48
37 years$886$581$370$230$140$42
38 years$854$552$346$212$127$37
39 years$822$525$324$195$115$32
40 years$793$500$304$180$104$28
41 years$765$476$285$166$95$24
42 years$738$453$267$153$86$21
43 years$713$431$251$142$78$18
44 years$689$411$236$131$71$16
45 years$666$392$221$121$64$14
46 years$644$374$208$111$58$12
47 years$624$357$195$103$53$11
48 years$604$341$183$95$48$9
49 years$585$326$172$88$44$8
50 years$566$311$162$81$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $580,000, adding $6,183 every year, while hoping to spend $47,916 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: 43/32/25 Blend
39$580,000$580,000$580,000$580,000
40$645,538$614,798$605,808$668,362
41$660,400$593,941$575,120$664,370
42$675,173$570,455$541,798$654,987
43$689,796$544,163$505,704$643,877
44$704,202$514,874$466,692$630,907
45$718,314$482,387$424,610$615,936
46$732,048$446,489$379,300$598,811
47$745,308$406,958$330,597$579,368
48$757,986$363,555$278,329$557,432
49$769,961$316,030$222,314$532,817
50$781,100$264,119$162,364$505,319
51$791,252$207,540$98,283$474,725
52$800,249$146,000$29,865$440,802
53$807,906$79,185$0$403,302
54$814,013$6,766$0$373,467
55$818,340$0$0$348,752
56$820,629$0$0$346,150
57$820,594$0$0$344,789
58$817,919$0$0$342,133
59$812,249$0$0$338,014
60$803,194$0$0$332,247
61$790,321$0$0$324,624
62$773,149$0$0$314,916
63$751,144$0$0$302,868
64$723,718$0$0$288,200
65$690,218$0$0$270,601
66$649,919$0$0$249,727
67$602,024$0$0$225,196
68$545,645$0$0$196,588
69$479,806$0$0$163,438
70$403,425$0$0$125,230
71$315,305$0$0$81,396
72$214,124$0$0$31,309
73$98,423$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
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