Can I retire at age 40 with 582,000?

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 $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%11.7%
1 years$48,061$47,633$47,215$46,808$46,409$46,078
2 years$23,793$23,349$22,920$22,504$22,100$21,766
3 years$15,704$15,259$14,831$14,418$14,021$13,695
4 years$11,661$11,217$10,793$10,388$10,000$9,684
5 years$9,235$8,794$8,376$7,979$7,602$7,297
6 years$7,619$7,181$6,769$6,381$6,015$5,721
7 years$6,465$6,031$5,625$5,246$4,892$4,610
8 years$5,600$5,169$4,770$4,401$4,058$3,788
9 years$4,927$4,501$4,109$3,748$3,418$3,158
10 years$4,389$3,967$3,582$3,231$2,912$2,664
11 years$3,950$3,532$3,154$2,812$2,504$2,268
12 years$3,583$3,170$2,799$2,467$2,170$1,944
13 years$3,274$2,865$2,501$2,178$1,893$1,677
14 years$3,009$2,604$2,247$1,933$1,659$1,454
15 years$2,779$2,379$2,028$1,724$1,461$1,266
16 years$2,578$2,183$1,839$1,544$1,291$1,106
17 years$2,402$2,010$1,674$1,387$1,145$970
18 years$2,245$1,857$1,528$1,250$1,018$852
19 years$2,104$1,721$1,399$1,129$907$750
20 years$1,978$1,600$1,284$1,023$810$662
21 years$1,864$1,490$1,181$928$725$585
22 years$1,761$1,391$1,088$844$650$518
23 years$1,666$1,301$1,005$769$583$459
24 years$1,580$1,219$929$701$524$407
25 years$1,500$1,144$861$640$472$362
26 years$1,427$1,075$798$585$425$322
27 years$1,360$1,012$741$536$383$286
28 years$1,297$953$689$491$346$255
29 years$1,239$899$641$450$312$227
30 years$1,185$849$597$413$282$202
31 years$1,134$803$557$379$255$180
32 years$1,087$760$519$349$231$161
33 years$1,042$719$485$321$209$144
34 years$1,001$682$453$295$189$128
35 years$961$647$424$272$171$115
36 years$924$614$396$250$155$102
37 years$889$583$371$230$141$91
38 years$856$554$347$212$127$82
39 years$825$527$325$196$116$73
40 years$796$501$305$181$105$65
41 years$768$477$286$167$95$58
42 years$741$454$268$154$86$52
43 years$716$433$252$142$78$47
44 years$691$413$236$131$71$42
45 years$669$394$222$121$65$37
46 years$647$375$208$112$59$33
47 years$626$358$196$103$53$30
48 years$606$342$184$95$48$27
49 years$587$327$173$88$44$24
50 years$568$312$163$82$40$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $582,000, adding $3,838 every year, while hoping to spend $33,368 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: 44/33/23 Blend
39$582,000$582,000$582,000$582,000
40$645,323$614,477$605,456$669,265
41$675,643$609,083$590,235$681,195
42$707,936$602,306$573,387$690,579
43$742,371$594,044$554,820$700,082
44$779,127$584,187$534,441$709,730
45$818,406$572,620$512,152$719,557
46$860,425$559,220$487,851$729,603
47$905,423$543,857$461,429$739,913
48$953,665$526,394$432,776$750,541
49$1,005,438$506,686$401,772$761,548
50$1,061,058$484,579$368,297$773,006
51$1,120,873$459,911$332,222$784,996
52$1,185,264$432,509$293,414$797,612
53$1,254,650$402,191$251,732$810,961
54$1,329,491$368,764$207,032$825,164
55$1,410,291$332,027$159,160$840,361
56$1,497,607$291,762$107,958$856,708
57$1,592,049$247,744$53,261$874,384
58$1,694,287$199,732$0$893,589
59$1,805,058$147,473$0$915,804
60$1,925,173$90,699$0$954,062
61$2,055,524$29,126$0$995,612
62$2,197,091$0$0$1,040,825
63$2,350,953$0$0$1,103,748
64$2,518,297$0$0$1,183,749
65$2,700,427$0$0$1,270,885
66$2,898,780$0$0$1,365,850
67$3,114,937$0$0$1,469,409
68$3,350,637$0$0$1,582,405
69$3,607,795$0$0$1,705,765
70$3,888,518$0$0$1,840,509
71$4,195,126$0$0$1,987,761
72$4,530,171$0$0$2,148,757
73$4,896,467$0$0$2,324,860
74$5,297,107$0$0$2,517,568
75$5,735,501$0$0$2,728,533
76$6,215,400$0$0$2,959,573
77$6,740,938$0$0$3,212,690
78$7,316,666$0$0$3,490,089
79$7,947,594$0$0$3,794,199
80$8,639,242$0$0$4,127,694
81$9,397,691$0$0$4,493,519
82$10,229,634$0$0$4,894,919
83$11,142,446$0$0$5,335,469
84$12,144,251$0$0$5,819,106
85$13,243,997$0$0$6,350,164
86$14,451,539$0$0$6,933,422
87$15,777,735$0$0$7,574,142
88$17,234,546$0$0$8,278,121
89$18,835,147$0$0$9,051,746
90$20,594,053$0$0$9,902,052
91$22,527,256$0$0$10,836,790
92$24,652,373$0$0$11,864,501
93$26,988,814$0$0$12,994,592
94$29,557,960$0$0$14,237,430
95$32,383,373$0$0$15,604,435
96$35,491,009$0$0$17,108,191
97$38,909,466$0$0$18,762,561
98$42,670,255$0$0$20,582,820
99$46,808,093$0$0$22,585,800
100$51,361,233$0$0$24,790,046