Can I retire at age 40 with 592,000?

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 $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%13.9%
1 years$48,887$48,451$48,026$47,612$47,207$46,444
2 years$24,201$23,751$23,314$22,890$22,479$21,713
3 years$15,974$15,521$15,086$14,666$14,262$13,516
4 years$11,861$11,410$10,978$10,566$10,172$9,451
5 years$9,394$8,945$8,520$8,116$7,732$7,040
6 years$7,750$7,305$6,885$6,490$6,118$5,455
7 years$6,576$6,134$5,722$5,336$4,976$4,342
8 years$5,696$5,258$4,852$4,476$4,128$3,523
9 years$5,012$4,578$4,179$3,813$3,476$2,900
10 years$4,465$4,036$3,644$3,287$2,962$2,414
11 years$4,017$3,593$3,208$2,860$2,547$2,027
12 years$3,645$3,225$2,847$2,509$2,208$1,714
13 years$3,330$2,914$2,543$2,215$1,925$1,457
14 years$3,060$2,649$2,285$1,966$1,687$1,245
15 years$2,827$2,420$2,063$1,754$1,486$1,068
16 years$2,623$2,220$1,871$1,570$1,313$919
17 years$2,443$2,045$1,702$1,411$1,164$793
18 years$2,283$1,889$1,554$1,271$1,035$686
19 years$2,140$1,751$1,423$1,149$923$595
20 years$2,012$1,627$1,306$1,040$824$516
21 years$1,896$1,516$1,201$944$738$449
22 years$1,791$1,415$1,107$859$661$391
23 years$1,695$1,323$1,022$782$593$341
24 years$1,607$1,240$945$713$533$297
25 years$1,526$1,163$875$651$480$259
26 years$1,452$1,093$812$595$432$227
27 years$1,383$1,029$754$545$390$198
28 years$1,319$970$701$499$352$173
29 years$1,260$915$652$458$318$152
30 years$1,205$864$607$420$287$133
31 years$1,154$817$566$386$259$116
32 years$1,105$773$528$355$235$102
33 years$1,060$732$493$326$212$89
34 years$1,018$694$461$300$192$78
35 years$978$658$431$276$174$69
36 years$940$624$403$254$158$60
37 years$905$593$377$234$143$53
38 years$871$564$353$216$130$46
39 years$839$536$331$199$118$41
40 years$809$510$310$184$107$36
41 years$781$485$291$170$97$31
42 years$754$462$273$156$88$27
43 years$728$440$256$144$80$24
44 years$703$420$240$133$72$21
45 years$680$400$226$123$66$19
46 years$658$382$212$114$60$16
47 years$636$364$199$105$54$14
48 years$616$348$187$97$49$13
49 years$597$332$176$90$45$11
50 years$578$317$165$83$41$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $592,000, adding $3,806 every year, while hoping to spend $21,631 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: 48/46/6 Blend
39$592,000$592,000$592,000$592,000
40$656,310$624,934$615,758$686,612
41$700,238$632,540$613,371$715,351
42$747,922$639,795$610,178$743,930
43$799,722$646,657$606,131$774,445
44$856,035$653,083$601,177$807,083
45$917,295$659,029$595,262$842,048
46$983,984$664,446$588,327$879,568
47$1,056,628$669,282$580,314$919,892
48$1,135,808$673,481$571,159$963,298
49$1,222,164$676,985$560,796$1,010,091
50$1,316,399$679,732$549,157$1,060,610
51$1,419,288$681,655$536,170$1,115,227
52$1,531,683$682,683$521,759$1,174,355
53$1,654,522$682,742$505,846$1,238,449
54$1,788,839$681,753$488,348$1,308,012
55$1,935,772$679,629$469,178$1,383,600
56$2,096,572$676,283$448,247$1,465,826
57$2,272,620$671,618$425,461$1,555,369
58$2,465,434$665,534$400,720$1,652,978
59$2,676,686$657,923$373,923$1,759,478
60$2,908,219$648,673$344,960$1,875,783
61$3,162,062$637,662$313,721$2,002,901
62$3,440,449$624,764$280,087$2,141,946
63$3,745,840$609,843$243,935$2,294,147
64$4,080,947$592,757$205,139$2,460,860
65$4,448,756$573,354$163,563$2,643,584
66$4,852,555$551,474$119,068$2,843,972
67$5,295,967$526,948$71,508$3,063,851
68$5,782,983$499,596$20,732$3,305,236
69$6,318,000$469,229$0$3,570,351
70$6,905,862$435,647$0$3,863,792
71$7,551,903$398,636$0$4,187,684
72$8,262,002$357,974$0$4,543,698
73$9,042,635$313,424$0$4,935,146
74$9,900,936$264,734$0$5,365,681
75$10,844,767$211,642$0$5,839,333
76$11,882,788$153,867$0$6,360,550
77$13,024,540$91,114$0$6,934,235
78$14,280,536$23,072$0$7,565,799
79$15,662,361$0$0$8,261,212
80$17,182,775$0$0$9,052,662
81$18,855,842$0$0$9,936,502
82$20,697,054$0$0$10,909,250
83$22,723,485$0$0$11,979,932
84$24,953,945$0$0$13,158,500
85$27,409,161$0$0$14,455,915
86$30,111,970$0$0$15,884,257
87$33,087,540$0$0$17,456,835
88$36,363,598$0$0$19,188,316
89$39,970,699$0$0$21,094,862
90$43,942,513$0$0$23,194,279
91$48,316,137$0$0$25,506,191
92$53,132,453$0$0$28,052,219
93$58,436,508$0$0$30,856,191
94$64,277,939$0$0$33,944,361
95$70,711,445$0$0$37,345,662
96$77,797,299$0$0$41,091,972
97$85,601,919$0$0$45,218,424
98$94,198,492$0$0$49,763,728
99$103,667,669$0$0$54,770,543
100$114,098,322$0$0$60,285,878