Can I retire at age 40 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$48,969$48,533$48,108$47,692$47,287$45,920
2 years$24,242$23,791$23,353$22,929$22,517$21,152
3 years$16,001$15,548$15,111$14,691$14,286$12,964
4 years$11,881$11,429$10,997$10,584$10,189$8,920
5 years$9,410$8,961$8,534$8,129$7,745$6,534
6 years$7,763$7,317$6,897$6,501$6,129$4,975
7 years$6,587$6,145$5,731$5,345$4,984$3,889
8 years$5,705$5,267$4,861$4,484$4,135$3,097
9 years$5,020$4,586$4,186$3,819$3,482$2,501
10 years$4,472$4,042$3,650$3,292$2,967$2,041
11 years$4,024$3,599$3,213$2,865$2,552$1,679
12 years$3,651$3,230$2,852$2,513$2,211$1,390
13 years$3,336$2,919$2,548$2,219$1,928$1,157
14 years$3,066$2,653$2,289$1,970$1,690$968
15 years$2,832$2,424$2,067$1,756$1,488$812
16 years$2,627$2,224$1,874$1,573$1,315$683
17 years$2,447$2,048$1,705$1,413$1,166$576
18 years$2,287$1,892$1,557$1,273$1,037$486
19 years$2,144$1,754$1,425$1,151$924$412
20 years$2,015$1,630$1,308$1,042$826$349
21 years$1,899$1,518$1,203$946$739$296
22 years$1,794$1,417$1,109$860$662$251
23 years$1,698$1,325$1,024$783$594$214
24 years$1,610$1,242$947$714$534$182
25 years$1,529$1,165$877$652$481$155
26 years$1,454$1,095$813$596$433$132
27 years$1,385$1,031$755$546$390$112
28 years$1,322$971$702$500$352$96
29 years$1,262$916$653$459$318$82
30 years$1,207$865$609$421$287$70
31 years$1,155$818$567$387$260$59
32 years$1,107$774$529$355$235$51
33 years$1,062$733$494$327$213$43
34 years$1,019$695$462$301$193$37
35 years$979$659$432$277$174$31
36 years$942$625$404$255$158$27
37 years$906$594$378$235$143$23
38 years$873$565$354$216$130$20
39 years$841$537$332$200$118$17
40 years$811$511$311$184$107$14
41 years$782$486$291$170$97$12
42 years$755$463$273$157$88$10
43 years$729$441$257$145$80$9
44 years$705$421$241$134$72$8
45 years$681$401$226$123$66$6
46 years$659$383$212$114$60$6
47 years$637$365$200$105$54$5
48 years$617$348$188$97$49$4
49 years$598$333$176$90$45$3
50 years$579$318$166$83$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $593,000, adding $3,312 every year, while hoping to spend $31,335 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: 58/23/19 Blend
39$593,000$593,000$593,000$593,000
40$656,902$625,473$616,282$691,527
41$690,566$622,781$603,587$712,724
42$726,614$618,907$589,417$732,128
43$765,254$613,760$573,689$752,578
44$806,719$607,243$556,316$774,183
45$851,261$599,254$537,209$797,061
46$899,157$589,685$516,273$821,346
47$950,712$578,420$493,409$847,185
48$1,006,260$565,339$468,514$874,741
49$1,066,170$550,312$441,480$904,199
50$1,130,844$533,202$412,195$935,761
51$1,200,727$513,866$380,540$969,653
52$1,276,306$492,150$346,393$1,006,125
53$1,358,116$467,893$309,624$1,045,456
54$1,446,748$440,923$270,101$1,087,955
55$1,542,848$411,060$227,681$1,133,965
56$1,647,130$378,113$182,219$1,183,865
57$1,760,375$341,879$133,562$1,238,079
58$1,883,447$302,144$81,550$1,297,074
59$2,017,293$258,684$26,016$1,361,368
60$2,162,955$211,258$0$1,431,538
61$2,321,582$159,615$0$1,514,960
62$2,494,436$103,489$0$1,611,667
63$2,682,907$42,598$0$1,717,198
64$2,888,524$0$0$1,832,459
65$3,112,971$0$0$1,964,362
66$3,358,101$0$0$2,120,241
67$3,625,954$0$0$2,290,619
68$3,918,775$0$0$2,476,930
69$4,239,037$0$0$2,680,754
70$4,589,464$0$0$2,903,829
71$4,973,053$0$0$3,148,072
72$5,393,105$0$0$3,415,592
73$5,853,255$0$0$3,708,710
74$6,357,507$0$0$4,029,986
75$6,910,271$0$0$4,382,236
76$7,516,402$0$0$4,768,562
77$8,181,248$0$0$5,192,384
78$8,910,702$0$0$5,657,464
79$9,711,251$0$0$6,167,949
80$10,590,043$0$0$6,728,406
81$11,554,952$0$0$7,343,867
82$12,614,650$0$0$8,019,873
83$13,778,692$0$0$8,762,531
84$15,057,602$0$0$9,578,565
85$16,462,977$0$0$10,475,386
86$18,007,588$0$0$11,461,157
87$19,705,510$0$0$12,544,870
88$21,572,246$0$0$13,736,435
89$23,624,878$0$0$15,046,767
90$25,882,224$0$0$16,487,893
91$28,365,019$0$0$18,073,064
92$31,096,107$0$0$19,816,880
93$34,100,659$0$0$21,735,427
94$37,406,407$0$0$23,846,428
95$41,043,907$0$0$26,169,411
96$45,046,827$0$0$28,725,894
97$49,452,262$0$0$31,539,586
98$54,301,087$0$0$34,636,609
99$59,638,341$0$0$38,045,748
100$65,513,648$0$0$41,798,719