Can I retire at age 40 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$48,061$47,633$47,215$46,808$46,409$46,040
2 years$23,793$23,349$22,920$22,504$22,100$21,727
3 years$15,704$15,259$14,831$14,418$14,021$13,657
4 years$11,661$11,217$10,793$10,388$10,000$9,647
5 years$9,235$8,794$8,376$7,979$7,602$7,262
6 years$7,619$7,181$6,769$6,381$6,015$5,688
7 years$6,465$6,031$5,625$5,246$4,892$4,577
8 years$5,600$5,169$4,770$4,401$4,058$3,757
9 years$4,927$4,501$4,109$3,748$3,418$3,129
10 years$4,389$3,967$3,582$3,231$2,912$2,636
11 years$3,950$3,532$3,154$2,812$2,504$2,241
12 years$3,583$3,170$2,799$2,467$2,170$1,919
13 years$3,274$2,865$2,501$2,178$1,893$1,654
14 years$3,009$2,604$2,247$1,933$1,659$1,432
15 years$2,779$2,379$2,028$1,724$1,461$1,245
16 years$2,578$2,183$1,839$1,544$1,291$1,086
17 years$2,402$2,010$1,674$1,387$1,145$951
18 years$2,245$1,857$1,528$1,250$1,018$834
19 years$2,104$1,721$1,399$1,129$907$734
20 years$1,978$1,600$1,284$1,023$810$646
21 years$1,864$1,490$1,181$928$725$571
22 years$1,761$1,391$1,088$844$650$504
23 years$1,666$1,301$1,005$769$583$446
24 years$1,580$1,219$929$701$524$395
25 years$1,500$1,144$861$640$472$351
26 years$1,427$1,075$798$585$425$311
27 years$1,360$1,012$741$536$383$276
28 years$1,297$953$689$491$346$246
29 years$1,239$899$641$450$312$219
30 years$1,185$849$597$413$282$195
31 years$1,134$803$557$379$255$173
32 years$1,087$760$519$349$231$154
33 years$1,042$719$485$321$209$137
34 years$1,001$682$453$295$189$122
35 years$961$647$424$272$171$109
36 years$924$614$396$250$155$97
37 years$889$583$371$230$141$87
38 years$856$554$347$212$127$77
39 years$825$527$325$196$116$69
40 years$796$501$305$181$105$62
41 years$768$477$286$167$95$55
42 years$741$454$268$154$86$49
43 years$716$433$252$142$78$44
44 years$691$413$236$131$71$39
45 years$669$394$222$121$65$35
46 years$647$375$208$112$59$31
47 years$626$358$196$103$53$28
48 years$606$342$184$95$48$25
49 years$587$327$173$88$44$22
50 years$568$312$163$82$40$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $582,000, adding $2,289 every year, while hoping to spend $41,688 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: 55/33/12 Blend
39$582,000$582,000$582,000$582,000
40$643,725$612,879$603,858$677,032
41$665,029$598,554$579,732$685,558
42$687,109$582,131$553,400$690,096
43$710,000$563,461$524,744$694,064
44$733,740$542,390$493,643$697,414
45$758,367$518,753$459,966$700,099
46$783,925$492,376$423,578$702,066
47$810,457$463,075$384,341$703,263
48$838,014$430,655$342,106$703,632
49$866,644$394,910$296,720$703,115
50$896,405$355,624$248,023$701,651
51$927,354$312,565$195,847$699,173
52$959,555$265,492$140,019$695,616
53$993,075$214,146$80,355$690,909
54$1,027,986$158,257$16,665$684,978
55$1,064,368$97,539$0$677,746
56$1,102,304$31,689$0$675,705
57$1,141,884$0$0$674,906
58$1,183,207$0$0$687,540
59$1,226,377$0$0$712,773
60$1,271,509$0$0$739,166
61$1,318,726$0$0$766,792
62$1,368,161$0$0$795,731
63$1,419,958$0$0$826,070
64$1,474,274$0$0$857,902
65$1,531,279$0$0$891,330
66$1,591,158$0$0$926,463
67$1,654,110$0$0$963,424
68$1,720,354$0$0$1,002,342
69$1,790,127$0$0$1,043,360
70$1,863,687$0$0$1,086,633
71$1,941,316$0$0$1,132,331
72$2,023,320$0$0$1,180,638
73$2,110,034$0$0$1,231,756
74$2,201,824$0$0$1,285,905
75$2,299,088$0$0$1,343,325
76$2,402,262$0$0$1,404,279
77$2,511,824$0$0$1,469,055
78$2,628,293$0$0$1,537,966
79$2,752,240$0$0$1,611,356
80$2,884,289$0$0$1,689,603
81$3,025,125$0$0$1,773,119
82$3,175,494$0$0$1,862,355
83$3,336,218$0$0$1,957,807
84$3,508,196$0$0$2,060,018
85$3,692,413$0$0$2,169,583
86$3,889,952$0$0$2,287,157
87$4,101,999$0$0$2,413,457
88$4,329,855$0$0$2,549,268
89$4,574,950$0$0$2,695,456
90$4,838,854$0$0$2,852,970
91$5,123,290$0$0$3,022,851
92$5,430,150$0$0$3,206,244
93$5,761,516$0$0$3,404,408
94$6,119,671$0$0$3,618,725
95$6,507,129$0$0$3,850,715
96$6,926,649$0$0$4,102,049
97$7,381,268$0$0$4,374,564
98$7,874,324$0$0$4,670,279
99$8,409,486$0$0$4,991,417
100$8,990,792$0$0$5,340,421