Can I retire at age 40 with 584,000?

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 $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%12.7%
1 years$48,226$47,797$47,377$46,968$46,569$46,044
2 years$23,874$23,430$22,999$22,581$22,176$21,648
3 years$15,758$15,312$14,882$14,468$14,069$13,554
4 years$11,701$11,256$10,830$10,423$10,034$9,536
5 years$9,267$8,825$8,405$8,006$7,628$7,148
6 years$7,645$7,206$6,792$6,403$6,036$5,574
7 years$6,487$6,052$5,644$5,264$4,909$4,466
8 years$5,619$5,187$4,787$4,416$4,072$3,649
9 years$4,944$4,516$4,123$3,761$3,429$3,025
10 years$4,404$3,981$3,594$3,242$2,922$2,536
11 years$3,963$3,544$3,164$2,822$2,513$2,146
12 years$3,596$3,181$2,808$2,475$2,178$1,828
13 years$3,285$2,875$2,509$2,185$1,899$1,567
14 years$3,019$2,613$2,254$1,940$1,665$1,350
15 years$2,789$2,387$2,035$1,730$1,466$1,167
16 years$2,587$2,190$1,845$1,549$1,295$1,013
17 years$2,410$2,017$1,679$1,392$1,149$882
18 years$2,252$1,864$1,533$1,254$1,021$769
19 years$2,111$1,727$1,403$1,133$910$673
20 years$1,985$1,605$1,288$1,026$813$589
21 years$1,870$1,495$1,185$931$728$517
22 years$1,767$1,396$1,092$847$652$454
23 years$1,672$1,305$1,008$771$585$399
24 years$1,585$1,223$932$703$526$352
25 years$1,506$1,148$864$642$474$310
26 years$1,432$1,079$801$587$427$273
27 years$1,364$1,015$744$538$385$241
28 years$1,302$957$691$493$347$213
29 years$1,243$902$643$452$313$188
30 years$1,189$852$599$415$283$167
31 years$1,138$806$559$381$256$147
32 years$1,090$762$521$350$232$130
33 years$1,046$722$487$322$210$115
34 years$1,004$684$455$296$190$102
35 years$965$649$425$273$172$90
36 years$928$616$398$251$156$80
37 years$893$585$372$231$141$71
38 years$859$556$349$213$128$63
39 years$828$529$327$197$116$56
40 years$798$503$306$181$105$49
41 years$770$479$287$167$95$44
42 years$744$456$269$154$87$39
43 years$718$434$253$143$79$34
44 years$694$414$237$132$71$31
45 years$671$395$223$122$65$27
46 years$649$377$209$112$59$24
47 years$628$360$197$104$53$21
48 years$608$343$185$96$49$19
49 years$589$328$174$89$44$17
50 years$570$313$163$82$40$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $584,000, adding $6,023 every year, while hoping to spend $59,749 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: 34/48/18 Blend
39$584,000$584,000$584,000$584,000
40$649,781$618,829$609,777$668,090
41$652,486$585,579$566,632$648,818
42$653,464$548,697$520,039$622,075
43$652,477$507,943$469,820$591,975
44$649,259$463,061$415,787$558,255
45$643,514$413,782$357,747$520,633
46$634,916$359,821$295,495$478,807
47$623,103$300,877$228,820$432,448
48$607,673$236,634$157,499$381,205
49$588,181$166,754$81,300$324,701
50$564,134$90,884$0$262,526
51$534,987$8,649$0$194,245
52$500,137$0$0$136,044
53$458,915$0$0$114,269
54$410,583$0$0$94,343
55$354,324$0$0$71,390
56$289,235$0$0$45,070
57$214,319$0$0$15,006
58$128,472$0$0$0
59$30,476$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$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