Can I retire at age 40 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$48,887$48,451$48,026$47,612$47,207$45,898
2 years$24,201$23,751$23,314$22,890$22,479$21,171
3 years$15,974$15,521$15,086$14,666$14,262$12,994
4 years$11,861$11,410$10,978$10,566$10,172$8,955
5 years$9,394$8,945$8,520$8,116$7,732$6,569
6 years$7,750$7,305$6,885$6,490$6,118$5,010
7 years$6,576$6,134$5,722$5,336$4,976$3,923
8 years$5,696$5,258$4,852$4,476$4,128$3,130
9 years$5,012$4,578$4,179$3,813$3,476$2,532
10 years$4,465$4,036$3,644$3,287$2,962$2,070
11 years$4,017$3,593$3,208$2,860$2,547$1,706
12 years$3,645$3,225$2,847$2,509$2,208$1,416
13 years$3,330$2,914$2,543$2,215$1,925$1,181
14 years$3,060$2,649$2,285$1,966$1,687$989
15 years$2,827$2,420$2,063$1,754$1,486$832
16 years$2,623$2,220$1,871$1,570$1,313$701
17 years$2,443$2,045$1,702$1,411$1,164$593
18 years$2,283$1,889$1,554$1,271$1,035$502
19 years$2,140$1,751$1,423$1,149$923$426
20 years$2,012$1,627$1,306$1,040$824$362
21 years$1,896$1,516$1,201$944$738$307
22 years$1,791$1,415$1,107$859$661$262
23 years$1,695$1,323$1,022$782$593$223
24 years$1,607$1,240$945$713$533$190
25 years$1,526$1,163$875$651$480$162
26 years$1,452$1,093$812$595$432$138
27 years$1,383$1,029$754$545$390$118
28 years$1,319$970$701$499$352$101
29 years$1,260$915$652$458$318$86
30 years$1,205$864$607$420$287$74
31 years$1,154$817$566$386$259$63
32 years$1,105$773$528$355$235$54
33 years$1,060$732$493$326$212$46
34 years$1,018$694$461$300$192$39
35 years$978$658$431$276$174$34
36 years$940$624$403$254$158$29
37 years$905$593$377$234$143$25
38 years$871$564$353$216$130$21
39 years$839$536$331$199$118$18
40 years$809$510$310$184$107$15
41 years$781$485$291$170$97$13
42 years$754$462$273$156$88$11
43 years$728$440$256$144$80$10
44 years$703$420$240$133$72$8
45 years$680$400$226$123$66$7
46 years$658$382$212$114$60$6
47 years$636$364$199$105$54$5
48 years$616$348$187$97$49$4
49 years$597$332$176$90$45$4
50 years$578$317$165$83$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $592,000, adding $3,074 every year, while hoping to spend $33,744 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: 45/44/11 Blend
39$592,000$592,000$592,000$592,000
40$655,555$624,179$615,003$682,877
41$686,518$618,860$599,702$696,817
42$719,509$612,150$582,758$708,234
43$754,698$603,945$564,079$719,856
44$792,273$594,134$543,572$731,716
45$832,439$582,601$521,136$743,849
46$875,422$569,222$496,668$756,298
47$921,468$553,868$470,060$769,115
48$970,850$536,399$441,198$782,356
49$1,023,862$516,668$409,965$796,087
50$1,080,833$494,522$376,235$810,386
51$1,142,119$469,795$339,881$825,338
52$1,208,115$442,314$300,766$841,044
53$1,279,251$411,896$258,750$857,618
54$1,356,003$378,347$213,686$875,187
55$1,438,890$341,461$165,420$893,899
56$1,528,486$301,022$113,791$913,920
57$1,625,420$256,800$58,631$935,436
58$1,730,384$208,554$0$958,659
59$1,844,138$156,028$0$983,855
60$1,967,518$98,952$0$1,018,611
61$2,101,445$37,040$0$1,056,363
62$2,246,928$0$0$1,097,472
63$2,405,082$0$0$1,156,873
64$2,577,131$0$0$1,241,064
65$2,764,420$0$0$1,332,777
66$2,968,432$0$0$1,432,746
67$3,190,797$0$0$1,541,779
68$3,433,311$0$0$1,660,765
69$3,697,948$0$0$1,790,681
70$3,986,883$0$0$1,932,606
71$4,302,509$0$0$2,087,723
72$4,647,462$0$0$2,257,340
73$5,024,641$0$0$2,442,892
74$5,437,242$0$0$2,645,963
75$5,888,781$0$0$2,868,294
76$6,383,131$0$0$3,111,806
77$6,924,556$0$0$3,378,610
78$7,517,751$0$0$3,671,035
79$8,167,890$0$0$3,991,643
80$8,880,668$0$0$4,343,256
81$9,662,359$0$0$4,728,986
82$10,519,871$0$0$5,152,255
83$11,460,816$0$0$5,616,836
84$12,493,577$0$0$6,126,885
85$13,627,388$0$0$6,686,978
86$14,872,421$0$0$7,302,159
87$16,239,880$0$0$7,977,980
88$17,742,111$0$0$8,720,562
89$19,392,711$0$0$9,536,645
90$21,206,660$0$0$10,433,656
91$23,200,463$0$0$11,419,777
92$25,392,302$0$0$12,504,022
93$27,802,207$0$0$13,696,322
94$30,452,250$0$0$15,007,618
95$33,366,745$0$0$16,449,966
96$36,572,482$0$0$18,036,648
97$40,098,978$0$0$19,782,298
98$43,978,754$0$0$21,703,041
99$48,247,641$0$0$23,816,643
100$52,945,121$0$0$26,142,678