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%15.2%
1 years$48,226$47,797$47,377$46,968$46,569$45,573
2 years$23,874$23,430$22,999$22,581$22,176$21,177
3 years$15,758$15,312$14,882$14,468$14,069$13,099
4 years$11,701$11,256$10,830$10,423$10,034$9,100
5 years$9,267$8,825$8,405$8,006$7,628$6,732
6 years$7,645$7,206$6,792$6,403$6,036$5,180
7 years$6,487$6,052$5,644$5,264$4,909$4,093
8 years$5,619$5,187$4,787$4,416$4,072$3,296
9 years$4,944$4,516$4,123$3,761$3,429$2,692
10 years$4,404$3,981$3,594$3,242$2,922$2,223
11 years$3,963$3,544$3,164$2,822$2,513$1,851
12 years$3,596$3,181$2,808$2,475$2,178$1,552
13 years$3,285$2,875$2,509$2,185$1,899$1,309
14 years$3,019$2,613$2,254$1,940$1,665$1,108
15 years$2,789$2,387$2,035$1,730$1,466$942
16 years$2,587$2,190$1,845$1,549$1,295$803
17 years$2,410$2,017$1,679$1,392$1,149$687
18 years$2,252$1,864$1,533$1,254$1,021$589
19 years$2,111$1,727$1,403$1,133$910$505
20 years$1,985$1,605$1,288$1,026$813$434
21 years$1,870$1,495$1,185$931$728$374
22 years$1,767$1,396$1,092$847$652$322
23 years$1,672$1,305$1,008$771$585$278
24 years$1,585$1,223$932$703$526$240
25 years$1,506$1,148$864$642$474$208
26 years$1,432$1,079$801$587$427$179
27 years$1,364$1,015$744$538$385$155
28 years$1,302$957$691$493$347$134
29 years$1,243$902$643$452$313$116
30 years$1,189$852$599$415$283$101
31 years$1,138$806$559$381$256$87
32 years$1,090$762$521$350$232$76
33 years$1,046$722$487$322$210$66
34 years$1,004$684$455$296$190$57
35 years$965$649$425$273$172$49
36 years$928$616$398$251$156$43
37 years$893$585$372$231$141$37
38 years$859$556$349$213$128$32
39 years$828$529$327$197$116$28
40 years$798$503$306$181$105$24
41 years$770$479$287$167$95$21
42 years$744$456$269$154$87$18
43 years$718$434$253$143$79$16
44 years$694$414$237$132$71$14
45 years$671$395$223$122$65$12
46 years$649$377$209$112$59$10
47 years$628$360$197$104$53$9
48 years$608$343$185$96$49$8
49 years$589$328$174$89$44$7
50 years$570$313$163$82$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $584,000, adding $3,478 every year, while hoping to spend $21,536 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: 57/31/12 Blend
39$584,000$584,000$584,000$584,000
40$647,156$616,204$607,152$681,909
41$690,251$623,483$604,577$713,077
42$737,021$630,398$601,194$744,340
43$787,817$636,907$596,954$777,895
44$843,026$642,967$591,803$813,965
45$903,073$648,532$585,688$852,796
46$968,429$653,552$578,551$894,659
47$1,039,608$657,976$570,332$939,854
48$1,117,178$661,746$560,968$988,711
49$1,201,764$664,805$550,394$1,041,595
50$1,294,052$667,089$538,540$1,098,909
51$1,394,799$668,530$525,335$1,161,097
52$1,504,838$669,058$510,703$1,228,650
53$1,625,086$668,596$494,566$1,302,110
54$1,756,552$667,064$476,841$1,382,073
55$1,900,347$664,377$457,442$1,469,201
56$2,057,695$660,444$436,279$1,564,220
57$2,229,943$655,170$413,258$1,667,935
58$2,418,575$648,451$388,280$1,781,231
59$2,625,225$640,180$361,242$1,905,088
60$2,851,691$630,242$332,037$2,040,584
61$3,099,956$618,516$300,553$2,188,912
62$3,372,202$604,873$266,671$2,351,386
63$3,670,832$589,178$230,271$2,529,456
64$3,998,495$571,285$191,222$2,724,723
65$4,358,106$551,043$149,393$2,938,953
66$4,752,878$528,289$104,643$3,174,094
67$5,186,349$502,854$56,827$3,432,294
68$5,662,418$474,555$5,792$3,715,925
69$6,185,379$443,202$0$4,027,603
70$6,759,961$408,592$0$4,376,443
71$7,391,377$370,513$0$4,760,595
72$8,085,366$328,737$0$5,182,847
73$8,848,255$283,027$0$5,647,095
74$9,687,011$233,129$0$6,157,635
75$10,609,312$178,778$0$6,719,200
76$11,623,616$119,692$0$7,337,014
77$12,739,241$55,573$0$8,016,832
78$13,966,455$0$0$8,765,003
79$15,316,572$0$0$9,593,262
80$16,802,055$0$0$10,525,481
81$18,436,638$0$0$11,551,328
82$20,235,452$0$0$12,680,307
83$22,215,171$0$0$13,922,891
84$24,394,166$0$0$15,290,618
85$26,792,680$0$0$16,796,202
86$29,433,017$0$0$18,453,652
87$32,339,754$0$0$20,278,406
88$35,539,972$0$0$22,287,474
89$39,063,512$0$0$24,499,597
90$42,943,254$0$0$26,935,429
91$47,215,431$0$0$29,617,727
92$51,919,967$0$0$32,571,569
93$57,100,855$0$0$35,824,586
94$62,806,573$0$0$39,407,229
95$69,090,539$0$0$43,353,051
96$76,011,617$0$0$47,699,024
97$83,634,671$0$0$52,485,891
98$92,031,177$0$0$57,758,549
99$101,279,899$0$0$63,566,468
100$111,467,629$0$0$69,964,167