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%11.3%
1 years$47,978$47,551$47,134$46,727$46,330$46,076
2 years$23,752$23,309$22,881$22,465$22,062$21,806
3 years$15,677$15,233$14,805$14,394$13,997$13,747
4 years$11,641$11,198$10,774$10,370$9,983$9,740
5 years$9,219$8,779$8,361$7,965$7,589$7,354
6 years$7,606$7,169$6,757$6,370$6,005$5,779
7 years$6,454$6,020$5,615$5,237$4,883$4,666
8 years$5,590$5,161$4,762$4,393$4,051$3,843
9 years$4,919$4,493$4,102$3,742$3,412$3,212
10 years$4,382$3,961$3,576$3,226$2,907$2,716
11 years$3,943$3,526$3,148$2,807$2,500$2,317
12 years$3,577$3,165$2,794$2,462$2,167$1,992
13 years$3,268$2,860$2,496$2,174$1,889$1,723
14 years$3,004$2,600$2,243$1,930$1,656$1,498
15 years$2,774$2,375$2,025$1,721$1,458$1,307
16 years$2,574$2,179$1,836$1,541$1,289$1,146
17 years$2,397$2,007$1,671$1,384$1,143$1,007
18 years$2,241$1,854$1,525$1,248$1,016$887
19 years$2,101$1,718$1,396$1,127$906$783
20 years$1,975$1,597$1,281$1,021$809$693
21 years$1,861$1,487$1,179$927$724$615
22 years$1,758$1,388$1,086$843$649$546
23 years$1,663$1,299$1,003$767$582$485
24 years$1,577$1,217$928$700$524$432
25 years$1,498$1,142$859$639$471$385
26 years$1,425$1,073$797$584$424$343
27 years$1,357$1,010$740$535$383$306
28 years$1,295$952$688$490$345$273
29 years$1,237$898$640$449$312$244
30 years$1,183$848$596$412$282$219
31 years$1,132$801$556$379$255$196
32 years$1,085$758$519$348$230$175
33 years$1,040$718$484$320$208$157
34 years$999$681$452$295$189$140
35 years$960$646$423$271$171$126
36 years$923$613$396$250$155$113
37 years$888$582$370$230$140$101
38 years$855$553$347$212$127$91
39 years$824$526$325$196$115$81
40 years$794$500$305$180$105$73
41 years$766$476$286$166$95$65
42 years$740$454$268$154$86$59
43 years$714$432$251$142$78$53
44 years$690$412$236$131$71$47
45 years$667$393$222$121$64$42
46 years$645$375$208$112$59$38
47 years$625$358$195$103$53$34
48 years$605$341$184$95$48$31
49 years$586$326$173$88$44$28
50 years$567$311$162$81$40$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $581,000, adding $5,906 every year, while hoping to spend $37,024 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: 35/38/27 Blend
39$581,000$581,000$581,000$581,000
40$646,354$615,561$606,556$663,544
41$672,889$606,330$587,482$667,659
42$700,889$595,406$566,528$668,336
43$730,466$582,667$543,593$668,346
44$761,739$567,983$518,569$667,656
45$794,840$551,218$491,345$666,230
46$829,913$532,227$461,804$664,033
47$867,114$510,856$429,824$661,030
48$906,615$486,943$395,278$657,188
49$948,603$460,317$358,034$652,474
50$993,284$430,795$317,951$646,856
51$1,040,881$398,187$274,885$640,302
52$1,091,642$362,289$228,684$632,786
53$1,145,834$322,886$179,190$624,281
54$1,203,754$279,753$126,238$614,765
55$1,265,725$232,648$69,655$604,219
56$1,332,101$181,320$9,260$592,628
57$1,403,272$125,501$0$579,984
58$1,479,663$64,909$0$582,185
59$1,561,745$0$0$587,216
60$1,650,030$0$0$592,793
61$1,745,083$0$0$628,081
62$1,847,524$0$0$666,175
63$1,958,035$0$0$707,337
64$2,077,362$0$0$751,854
65$2,206,328$0$0$800,040
66$2,345,837$0$0$852,244
67$2,496,881$0$0$908,847
68$2,660,553$0$0$970,268
69$2,838,052$0$0$1,036,968
70$3,030,699$0$0$1,109,455
71$3,239,945$0$0$1,188,288
72$3,467,389$0$0$1,274,080
73$3,714,786$0$0$1,367,507
74$3,984,070$0$0$1,469,314
75$4,277,368$0$0$1,580,317
76$4,597,020$0$0$1,701,419
77$4,945,603$0$0$1,833,610
78$5,325,951$0$0$1,977,983
79$5,741,185$0$0$2,135,737
80$6,194,741$0$0$2,308,196
81$6,690,400$0$0$2,496,817
82$7,232,326$0$0$2,703,202
83$7,825,103$0$0$2,929,118
84$8,473,778$0$0$3,176,507
85$9,183,909$0$0$3,447,512
86$9,961,617$0$0$3,744,490
87$10,813,640$0$0$4,070,038
88$11,747,402$0$0$4,427,015
89$12,771,077$0$0$4,818,572
90$13,893,668$0$0$5,248,178
91$15,125,092$0$0$5,719,654
92$16,476,270$0$0$6,237,209
93$17,959,234$0$0$6,805,481
94$19,587,235$0$0$7,429,577
95$21,374,871$0$0$8,115,124
96$23,338,223$0$0$8,868,320
97$25,495,005$0$0$9,695,994
98$27,864,731$0$0$10,605,668
99$30,468,901$0$0$11,605,631
100$33,331,197$0$0$12,705,013