Can I retire at age 40 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$48,226$47,797$47,377$46,968$46,569$45,816
2 years$23,874$23,430$22,999$22,581$22,176$21,420
3 years$15,758$15,312$14,882$14,468$14,069$13,333
4 years$11,701$11,256$10,830$10,423$10,034$9,324
5 years$9,267$8,825$8,405$8,006$7,628$6,945
6 years$7,645$7,206$6,792$6,403$6,036$5,381
7 years$6,487$6,052$5,644$5,264$4,909$4,283
8 years$5,619$5,187$4,787$4,416$4,072$3,475
9 years$4,944$4,516$4,123$3,761$3,429$2,860
10 years$4,404$3,981$3,594$3,242$2,922$2,381
11 years$3,963$3,544$3,164$2,822$2,513$1,999
12 years$3,596$3,181$2,808$2,475$2,178$1,690
13 years$3,285$2,875$2,509$2,185$1,899$1,438
14 years$3,019$2,613$2,254$1,940$1,665$1,228
15 years$2,789$2,387$2,035$1,730$1,466$1,054
16 years$2,587$2,190$1,845$1,549$1,295$907
17 years$2,410$2,017$1,679$1,392$1,149$782
18 years$2,252$1,864$1,533$1,254$1,021$677
19 years$2,111$1,727$1,403$1,133$910$587
20 years$1,985$1,605$1,288$1,026$813$509
21 years$1,870$1,495$1,185$931$728$443
22 years$1,767$1,396$1,092$847$652$386
23 years$1,672$1,305$1,008$771$585$336
24 years$1,585$1,223$932$703$526$293
25 years$1,506$1,148$864$642$474$256
26 years$1,432$1,079$801$587$427$224
27 years$1,364$1,015$744$538$385$195
28 years$1,302$957$691$493$347$171
29 years$1,243$902$643$452$313$150
30 years$1,189$852$599$415$283$131
31 years$1,138$806$559$381$256$115
32 years$1,090$762$521$350$232$100
33 years$1,046$722$487$322$210$88
34 years$1,004$684$455$296$190$77
35 years$965$649$425$273$172$68
36 years$928$616$398$251$156$59
37 years$893$585$372$231$141$52
38 years$859$556$349$213$128$46
39 years$828$529$327$197$116$40
40 years$798$503$306$181$105$35
41 years$770$479$287$167$95$31
42 years$744$456$269$154$87$27
43 years$718$434$253$143$79$24
44 years$694$414$237$132$71$21
45 years$671$395$223$122$65$18
46 years$649$377$209$112$59$16
47 years$628$360$197$104$53$14
48 years$608$343$185$96$49$12
49 years$589$328$174$89$44$11
50 years$570$313$163$82$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $584,000, adding $5,236 every year, while hoping to spend $54,044 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: 44/26/30 Blend
39$584,000$584,000$584,000$584,000
40$648,969$618,017$608,965$671,674
41$657,661$590,797$571,863$661,218
42$665,429$560,433$531,707$644,375
43$672,121$526,712$488,337$625,102
44$677,568$489,411$441,587$603,206
45$681,582$448,295$391,282$578,476
46$683,956$403,114$337,243$550,688
47$684,456$353,603$279,277$519,598
48$682,826$299,485$217,188$484,944
49$678,779$240,465$150,769$446,444
50$671,998$176,231$79,803$403,790
51$662,130$106,455$4,065$356,655
52$648,787$30,790$0$304,680
53$631,534$0$0$272,051
54$609,893$0$0$251,395
55$583,335$0$0$237,121
56$551,271$0$0$220,134
57$513,052$0$0$200,117
58$467,960$0$0$176,720
59$415,200$0$0$149,557
60$353,893$0$0$118,200
61$283,067$0$0$82,176
62$201,649$0$0$40,963
63$108,452$0$0$0
64$2,166$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0