Can I retire at age 40 with 586,000?

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 $586,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$48,391$47,960$47,540$47,129$46,728$46,240
2 years$23,956$23,510$23,078$22,658$22,252$21,760
3 years$15,812$15,364$14,933$14,517$14,117$13,638
4 years$11,741$11,294$10,867$10,459$10,069$9,605
5 years$9,299$8,855$8,433$8,033$7,654$7,207
6 years$7,671$7,231$6,815$6,424$6,056$5,627
7 years$6,509$6,072$5,664$5,282$4,925$4,513
8 years$5,638$5,205$4,803$4,431$4,086$3,691
9 years$4,961$4,532$4,137$3,774$3,441$3,064
10 years$4,419$3,995$3,607$3,253$2,932$2,572
11 years$3,977$3,556$3,175$2,831$2,522$2,178
12 years$3,608$3,192$2,818$2,483$2,185$1,859
13 years$3,296$2,885$2,518$2,193$1,906$1,595
14 years$3,029$2,622$2,262$1,946$1,670$1,376
15 years$2,798$2,395$2,042$1,736$1,471$1,191
16 years$2,596$2,198$1,852$1,554$1,300$1,035
17 years$2,418$2,024$1,685$1,396$1,153$902
18 years$2,260$1,870$1,538$1,258$1,025$788
19 years$2,119$1,733$1,408$1,137$913$690
20 years$1,992$1,611$1,292$1,030$816$606
21 years$1,877$1,500$1,189$935$730$532
22 years$1,773$1,400$1,096$850$654$468
23 years$1,678$1,310$1,012$774$587$412
24 years$1,591$1,227$936$706$528$364
25 years$1,511$1,152$866$645$475$321
26 years$1,437$1,082$804$589$428$284
27 years$1,369$1,019$746$540$386$251
28 years$1,306$960$694$494$348$222
29 years$1,247$905$646$453$314$196
30 years$1,193$855$601$416$284$174
31 years$1,142$808$561$382$257$154
32 years$1,094$765$523$351$232$137
33 years$1,049$724$488$323$210$121
34 years$1,007$687$456$297$190$107
35 years$968$651$427$274$172$95
36 years$931$618$399$252$156$84
37 years$896$587$374$232$142$75
38 years$862$558$350$214$128$67
39 years$831$530$328$197$116$59
40 years$801$505$307$182$106$52
41 years$773$480$288$168$96$47
42 years$746$458$270$155$87$41
43 years$721$436$254$143$79$37
44 years$696$416$238$132$72$33
45 years$673$396$223$122$65$29
46 years$651$378$210$113$59$26
47 years$630$361$197$104$54$23
48 years$610$344$185$96$49$20
49 years$591$329$174$89$44$18
50 years$572$314$164$82$40$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $586,000, adding $3,280 every year, while hoping to spend $44,522 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: 61/31/8 Blend
39$586,000$586,000$586,000$586,000
40$649,155$618,097$609,014$687,457
41$667,998$601,013$582,045$696,403
42$687,271$581,599$552,681$700,736
43$706,970$559,695$520,793$704,342
44$727,091$535,130$486,249$707,151
45$747,626$507,724$448,911$709,087
46$768,567$477,285$408,632$710,070
47$789,901$443,613$365,262$710,015
48$811,614$406,493$318,641$708,830
49$833,688$365,700$268,605$706,414
50$856,101$320,996$214,980$702,663
51$878,827$272,129$157,585$697,461
52$901,836$218,832$96,234$690,688
53$925,094$160,825$30,728$682,211
54$948,559$97,811$0$671,890
55$972,184$29,476$0$662,918
56$995,916$0$0$654,805
57$1,019,692$0$0$659,954
58$1,043,442$0$0$675,116
59$1,067,087$0$0$690,181
60$1,090,535$0$0$705,089
61$1,113,686$0$0$719,770
62$1,136,423$0$0$734,145
63$1,158,617$0$0$748,126
64$1,180,123$0$0$761,615
65$1,200,777$0$0$774,501
66$1,220,397$0$0$786,660
67$1,238,778$0$0$797,954
68$1,255,692$0$0$808,229
69$1,270,884$0$0$817,311
70$1,284,069$0$0$825,008
71$1,294,931$0$0$831,108
72$1,303,117$0$0$835,371
73$1,308,236$0$0$837,532
74$1,309,851$0$0$837,298
75$1,307,478$0$0$834,342
76$1,300,580$0$0$828,301
77$1,288,560$0$0$818,773
78$1,270,757$0$0$805,312
79$1,246,437$0$0$787,422
80$1,214,787$0$0$764,557
81$1,174,908$0$0$736,110
82$1,125,801$0$0$701,408
83$1,066,363$0$0$659,709
84$995,373$0$0$610,189
85$911,480$0$0$551,938
86$813,189$0$0$483,950
87$698,848$0$0$405,113
88$566,629$0$0$314,196
89$414,514$0$0$209,840
90$240,270$0$0$90,542
91$41,434$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