Can I retire at age 40 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$48,722$48,288$47,864$47,451$47,047$45,891
2 years$24,120$23,670$23,235$22,813$22,404$21,246
3 years$15,920$15,469$15,035$14,616$14,214$13,091
4 years$11,821$11,371$10,941$10,530$10,137$9,058
5 years$9,362$8,915$8,491$8,088$7,706$6,673
6 years$7,724$7,280$6,862$6,468$6,098$5,112
7 years$6,554$6,114$5,702$5,318$4,959$4,021
8 years$5,677$5,241$4,836$4,461$4,114$3,223
9 years$4,995$4,563$4,165$3,800$3,465$2,620
10 years$4,450$4,022$3,631$3,276$2,952$2,152
11 years$4,004$3,580$3,197$2,851$2,539$1,783
12 years$3,633$3,214$2,837$2,500$2,200$1,488
13 years$3,319$2,904$2,535$2,208$1,919$1,248
14 years$3,050$2,640$2,278$1,960$1,682$1,051
15 years$2,817$2,412$2,056$1,748$1,481$888
16 years$2,614$2,213$1,864$1,565$1,309$753
17 years$2,435$2,038$1,697$1,406$1,160$640
18 years$2,275$1,883$1,549$1,267$1,032$545
19 years$2,133$1,745$1,418$1,145$920$465
20 years$2,005$1,622$1,301$1,037$821$398
21 years$1,890$1,510$1,197$941$735$340
22 years$1,785$1,410$1,103$856$659$292
23 years$1,689$1,319$1,018$779$591$250
24 years$1,602$1,236$942$711$532$214
25 years$1,521$1,159$872$649$478$184
26 years$1,447$1,090$809$593$431$158
27 years$1,378$1,026$751$543$389$136
28 years$1,315$966$698$498$351$117
29 years$1,256$912$650$456$317$101
30 years$1,201$861$605$419$286$87
31 years$1,150$814$564$385$259$74
32 years$1,102$770$527$354$234$64
33 years$1,057$729$492$325$212$55
34 years$1,014$691$459$299$192$48
35 years$975$656$430$275$174$41
36 years$937$622$402$254$157$35
37 years$902$591$376$234$143$30
38 years$868$562$352$215$129$26
39 years$837$534$330$199$117$23
40 years$807$508$309$183$106$19
41 years$778$484$290$169$96$17
42 years$751$461$272$156$88$14
43 years$725$439$255$144$79$12
44 years$701$418$240$133$72$11
45 years$678$399$225$123$65$9
46 years$655$381$211$113$59$8
47 years$634$363$199$105$54$7
48 years$614$347$187$97$49$6
49 years$595$331$175$89$45$5
50 years$576$316$165$83$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $590,000, adding $4,254 every year, while hoping to spend $27,407 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: 55/34/11 Blend
39$590,000$590,000$590,000$590,000
40$654,568$623,298$614,153$688,524
41$692,173$624,679$605,566$713,397
42$732,695$625,209$595,773$737,103
43$776,403$624,817$584,705$762,269
44$823,592$623,429$572,288$789,039
45$874,586$620,964$558,447$817,571
46$929,742$617,339$543,103$848,043
47$989,451$612,464$526,172$880,650
48$1,054,143$606,243$507,568$915,611
49$1,124,293$598,577$487,199$953,167
50$1,200,421$589,357$464,970$993,582
51$1,283,100$578,471$440,782$1,037,155
52$1,372,959$565,800$414,532$1,084,210
53$1,470,692$551,215$386,110$1,135,112
54$1,577,061$534,583$355,403$1,190,261
55$1,692,905$515,761$322,292$1,250,103
56$1,819,148$494,599$286,655$1,315,127
57$1,956,804$470,938$248,361$1,385,880
58$2,106,992$444,608$207,275$1,462,963
59$2,270,943$415,432$163,257$1,547,042
60$2,450,012$383,221$116,159$1,638,856
61$2,645,690$347,776$65,827$1,739,219
62$2,859,620$308,885$12,101$1,849,034
63$3,093,608$266,328$0$1,969,297
64$3,349,645$219,868$0$2,106,422
65$3,629,924$169,256$0$2,258,178
66$3,936,858$114,231$0$2,424,513
67$4,273,105$54,516$0$2,606,940
68$4,641,591$0$0$2,807,127
69$5,045,541$0$0$3,030,729
70$5,488,504$0$0$3,298,347
71$5,974,392$0$0$3,591,954
72$6,507,511$0$0$3,914,160
73$7,092,606$0$0$4,267,840
74$7,734,903$0$0$4,656,160
75$8,440,157$0$0$5,082,608
76$9,214,711$0$0$5,551,026
77$10,065,550$0$0$6,065,648
78$11,000,368$0$0$6,631,137
79$12,027,645$0$0$7,252,629
80$13,156,718$0$0$7,935,785
81$14,397,878$0$0$8,686,839
82$15,762,461$0$0$9,512,661
83$17,262,954$0$0$10,420,820
84$18,913,119$0$0$11,419,654
85$20,728,115$0$0$12,518,350
86$22,724,645$0$0$13,727,031
87$24,921,113$0$0$15,056,849
88$27,337,794$0$0$16,520,092
89$29,997,031$0$0$18,130,302
90$32,923,440$0$0$19,902,395
91$36,144,144$0$0$21,852,809
92$39,689,029$0$0$23,999,658
93$43,591,025$0$0$26,362,898
94$47,886,416$0$0$28,964,520
95$52,615,184$0$0$31,828,754
96$57,821,384$0$0$34,982,301
97$63,553,559$0$0$38,454,580
98$69,865,199$0$0$42,278,010
99$76,815,245$0$0$46,488,313
100$84,468,646$0$0$51,124,853