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%13.6%
1 years$48,061$47,633$47,215$46,808$46,409$45,716
2 years$23,793$23,349$22,920$22,504$22,100$21,403
3 years$15,704$15,259$14,831$14,418$14,021$13,342
4 years$11,661$11,217$10,793$10,388$10,000$9,344
5 years$9,235$8,794$8,376$7,979$7,602$6,971
6 years$7,619$7,181$6,769$6,381$6,015$5,410
7 years$6,465$6,031$5,625$5,246$4,892$4,313
8 years$5,600$5,169$4,770$4,401$4,058$3,506
9 years$4,927$4,501$4,109$3,748$3,418$2,891
10 years$4,389$3,967$3,582$3,231$2,912$2,411
11 years$3,950$3,532$3,154$2,812$2,504$2,028
12 years$3,583$3,170$2,799$2,467$2,170$1,718
13 years$3,274$2,865$2,501$2,178$1,893$1,464
14 years$3,009$2,604$2,247$1,933$1,659$1,253
15 years$2,779$2,379$2,028$1,724$1,461$1,077
16 years$2,578$2,183$1,839$1,544$1,291$929
17 years$2,402$2,010$1,674$1,387$1,145$803
18 years$2,245$1,857$1,528$1,250$1,018$696
19 years$2,104$1,721$1,399$1,129$907$605
20 years$1,978$1,600$1,284$1,023$810$526
21 years$1,864$1,490$1,181$928$725$459
22 years$1,761$1,391$1,088$844$650$400
23 years$1,666$1,301$1,005$769$583$350
24 years$1,580$1,219$929$701$524$306
25 years$1,500$1,144$861$640$472$268
26 years$1,427$1,075$798$585$425$234
27 years$1,360$1,012$741$536$383$205
28 years$1,297$953$689$491$346$180
29 years$1,239$899$641$450$312$158
30 years$1,185$849$597$413$282$139
31 years$1,134$803$557$379$255$122
32 years$1,087$760$519$349$231$107
33 years$1,042$719$485$321$209$94
34 years$1,001$682$453$295$189$83
35 years$961$647$424$272$171$73
36 years$924$614$396$250$155$64
37 years$889$583$371$230$141$56
38 years$856$554$347$212$127$49
39 years$825$527$325$196$116$43
40 years$796$501$305$181$105$38
41 years$768$477$286$167$95$34
42 years$741$454$268$154$86$29
43 years$716$433$252$142$78$26
44 years$691$413$236$131$71$23
45 years$669$394$222$121$65$20
46 years$647$375$208$112$59$18
47 years$626$358$196$103$53$16
48 years$606$342$184$95$48$14
49 years$587$327$173$88$44$12
50 years$568$312$163$82$40$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $582,000, adding $5,428 every year, while hoping to spend $33,749 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: 59/19/22 Blend
39$582,000$582,000$582,000$582,000
40$646,963$616,117$607,096$681,046
41$677,045$610,398$591,525$699,114
42$709,063$603,268$574,301$714,682
43$743,181$594,621$555,334$730,918
44$779,576$584,348$534,527$747,895
45$818,441$572,329$511,783$765,693
46$859,990$558,441$486,995$784,402
47$904,456$542,552$460,057$804,123
48$952,095$524,522$430,853$824,968
49$1,003,188$504,203$399,266$847,064
50$1,058,043$481,438$365,171$870,551
51$1,116,998$456,063$328,439$895,588
52$1,180,423$427,902$288,934$922,350
53$1,248,727$396,770$246,514$951,032
54$1,322,357$362,472$201,032$981,854
55$1,401,805$324,800$152,333$1,015,058
56$1,487,610$283,536$100,257$1,050,916
57$1,580,366$238,449$44,636$1,089,729
58$1,680,725$189,295$0$1,131,834
59$1,789,404$135,816$0$1,181,059
60$1,907,192$77,739$0$1,245,769
61$2,034,955$14,778$0$1,315,983
62$2,173,647$0$0$1,392,258
63$2,324,316$0$0$1,486,371
64$2,488,115$0$0$1,592,087
65$2,666,313$0$0$1,707,141
66$2,860,306$0$0$1,832,438
67$3,071,631$0$0$1,968,978
68$3,301,977$0$0$2,117,859
69$3,553,206$0$0$2,280,288
70$3,827,364$0$0$2,457,597
71$4,126,706$0$0$2,651,251
72$4,453,713$0$0$2,862,861
73$4,811,116$0$0$3,094,202
74$5,201,922$0$0$3,347,229
75$5,629,443$0$0$3,624,094
76$6,097,325$0$0$3,927,165
77$6,609,581$0$0$4,259,052
78$7,170,633$0$0$4,622,628
79$7,785,348$0$0$5,021,057
80$8,459,089$0$0$5,457,824
81$9,197,760$0$0$5,936,767
82$10,007,864$0$0$6,462,112
83$10,896,565$0$0$7,038,517
84$11,871,752$0$0$7,671,108
85$12,942,116$0$0$8,365,536
86$14,117,229$0$0$9,128,022
87$15,407,637$0$0$9,965,422
88$16,824,956$0$0$10,885,287
89$18,381,983$0$0$11,895,935
90$20,092,814$0$0$13,006,529
91$21,972,979$0$0$14,227,166
92$24,039,588$0$0$15,568,969
93$26,311,491$0$0$17,044,190
94$28,809,453$0$0$18,666,330
95$31,556,354$0$0$20,450,263
96$34,577,402$0$0$22,412,376
97$37,900,370$0$0$24,570,724
98$41,555,856$0$0$26,945,201
99$45,577,576$0$0$29,557,725
100$50,002,676$0$0$32,432,446