Can I retire at age 40 with 581,000?

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 $581,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$47,978$47,551$47,134$46,727$46,330$45,376
2 years$23,752$23,309$22,881$22,465$22,062$21,105
3 years$15,677$15,233$14,805$14,394$13,997$13,067
4 years$11,641$11,198$10,774$10,370$9,983$9,087
5 years$9,219$8,779$8,361$7,965$7,589$6,730
6 years$7,606$7,169$6,757$6,370$6,005$5,184
7 years$6,454$6,020$5,615$5,237$4,883$4,100
8 years$5,590$5,161$4,762$4,393$4,051$3,306
9 years$4,919$4,493$4,102$3,742$3,412$2,703
10 years$4,382$3,961$3,576$3,226$2,907$2,235
11 years$3,943$3,526$3,148$2,807$2,500$1,864
12 years$3,577$3,165$2,794$2,462$2,167$1,565
13 years$3,268$2,860$2,496$2,174$1,889$1,321
14 years$3,004$2,600$2,243$1,930$1,656$1,120
15 years$2,774$2,375$2,025$1,721$1,458$954
16 years$2,574$2,179$1,836$1,541$1,289$814
17 years$2,397$2,007$1,671$1,384$1,143$697
18 years$2,241$1,854$1,525$1,248$1,016$598
19 years$2,101$1,718$1,396$1,127$906$514
20 years$1,975$1,597$1,281$1,021$809$443
21 years$1,861$1,487$1,179$927$724$382
22 years$1,758$1,388$1,086$843$649$330
23 years$1,663$1,299$1,003$767$582$285
24 years$1,577$1,217$928$700$524$246
25 years$1,498$1,142$859$639$471$213
26 years$1,425$1,073$797$584$424$185
27 years$1,357$1,010$740$535$383$160
28 years$1,295$952$688$490$345$139
29 years$1,237$898$640$449$312$120
30 years$1,183$848$596$412$282$104
31 years$1,132$801$556$379$255$91
32 years$1,085$758$519$348$230$79
33 years$1,040$718$484$320$208$68
34 years$999$681$452$295$189$59
35 years$960$646$423$271$171$51
36 years$923$613$396$250$155$45
37 years$888$582$370$230$140$39
38 years$855$553$347$212$127$34
39 years$824$526$325$196$115$29
40 years$794$500$305$180$105$26
41 years$766$476$286$166$95$22
42 years$740$454$268$154$86$19
43 years$714$432$251$142$78$17
44 years$690$412$236$131$71$15
45 years$667$393$222$121$64$13
46 years$645$375$208$112$59$11
47 years$625$358$195$103$53$10
48 years$605$341$184$95$48$8
49 years$586$326$173$88$44$7
50 years$567$311$162$81$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $581,000, adding $2,701 every year, while hoping to spend $26,713 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: 56/29/15 Blend
39$581,000$581,000$581,000$581,000
40$643,048$612,255$603,250$676,398
41$680,217$613,833$595,036$700,925
42$720,281$614,593$585,652$724,494
43$763,508$614,467$575,030$749,556
44$810,192$613,382$563,100$776,259
45$860,656$611,261$549,787$804,767
46$915,252$608,023$535,015$835,262
47$974,373$603,581$518,703$867,946
48$1,038,445$597,842$500,765$903,042
49$1,107,940$590,710$481,115$940,798
50$1,183,376$582,081$459,658$981,487
51$1,265,323$571,846$436,299$1,025,414
52$1,354,408$559,889$410,937$1,072,914
53$1,451,320$546,086$383,466$1,124,359
54$1,556,818$530,307$353,776$1,180,160
55$1,671,737$512,416$321,751$1,240,774
56$1,796,996$492,266$287,271$1,306,704
57$1,933,605$469,703$250,211$1,378,508
58$2,082,679$444,564$210,438$1,456,803
59$2,245,440$416,676$167,816$1,542,271
60$2,423,239$385,857$122,202$1,635,667
61$2,617,559$351,914$73,446$1,737,825
62$2,830,036$314,643$21,391$1,849,668
63$3,062,467$273,828$0$1,972,214
64$3,316,835$229,242$0$2,112,060
65$3,595,322$180,645$0$2,268,992
66$3,900,330$127,781$0$2,440,989
67$4,234,504$70,383$0$2,629,600
68$4,600,759$8,167$0$2,836,539
69$5,002,304$0$0$3,063,694
70$5,442,672$0$0$3,332,031
71$5,925,757$0$0$3,629,310
72$6,455,847$0$0$3,955,570
73$7,037,665$0$0$4,313,725
74$7,676,412$0$0$4,706,984
75$8,377,820$0$0$5,138,883
76$9,148,202$0$0$5,613,317
77$9,994,512$0$0$6,134,577
78$10,924,411$0$0$6,707,389
79$11,946,339$0$0$7,336,961
80$13,069,595$0$0$8,029,031
81$14,304,421$0$0$8,789,918
82$15,662,104$0$0$9,626,586
83$17,155,078$0$0$10,546,708
84$18,797,042$0$0$11,558,735
85$20,603,088$0$0$12,671,982
86$22,589,847$0$0$13,896,708
87$24,775,640$0$0$15,244,221
88$27,180,655$0$0$16,726,976
89$29,827,136$0$0$18,358,700
90$32,739,591$0$0$20,154,515
91$35,945,024$0$0$22,131,085
92$39,473,189$0$0$24,306,770
93$43,356,874$0$0$26,701,803
94$47,632,203$0$0$29,338,474
95$52,338,982$0$0$32,241,348
96$57,521,075$0$0$35,437,491
97$63,226,812$0$0$38,956,728
98$69,509,449$0$0$42,831,923
99$76,427,671$0$0$47,099,288
100$84,046,142$0$0$51,798,727