Can I retire at age 40 with 594,000?

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 $594,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$49,052$48,615$48,189$47,773$47,366$47,028
2 years$24,283$23,831$23,393$22,968$22,555$22,215
3 years$16,028$15,574$15,137$14,716$14,310$13,977
4 years$11,901$11,448$11,016$10,602$10,206$9,883
5 years$9,426$8,976$8,549$8,143$7,758$7,447
6 years$7,776$7,329$6,908$6,512$6,139$5,839
7 years$6,598$6,155$5,741$5,354$4,993$4,705
8 years$5,715$5,276$4,869$4,491$4,142$3,866
9 years$5,029$4,594$4,193$3,826$3,488$3,224
10 years$4,480$4,049$3,656$3,298$2,972$2,719
11 years$4,031$3,605$3,219$2,870$2,556$2,314
12 years$3,657$3,235$2,856$2,517$2,215$1,985
13 years$3,341$2,924$2,552$2,222$1,932$1,712
14 years$3,071$2,658$2,293$1,973$1,693$1,484
15 years$2,836$2,428$2,070$1,759$1,491$1,292
16 years$2,632$2,228$1,877$1,575$1,318$1,129
17 years$2,451$2,051$1,708$1,415$1,168$990
18 years$2,291$1,896$1,559$1,276$1,039$870
19 years$2,148$1,757$1,427$1,153$926$766
20 years$2,019$1,633$1,310$1,044$827$676
21 years$1,902$1,521$1,205$947$740$597
22 years$1,797$1,420$1,111$861$663$529
23 years$1,701$1,328$1,025$785$595$469
24 years$1,612$1,244$948$716$535$416
25 years$1,531$1,167$878$653$482$369
26 years$1,457$1,097$815$597$434$328
27 years$1,388$1,033$756$547$391$292
28 years$1,324$973$703$501$353$260
29 years$1,264$918$654$460$319$232
30 years$1,209$867$610$422$288$207
31 years$1,157$819$568$387$260$184
32 years$1,109$775$530$356$235$164
33 years$1,064$734$495$327$213$147
34 years$1,021$696$463$301$193$131
35 years$981$660$432$277$175$117
36 years$943$626$405$255$158$104
37 years$908$595$379$235$144$93
38 years$874$565$355$217$130$83
39 years$842$538$332$200$118$75
40 years$812$512$311$184$107$67
41 years$783$487$292$170$97$60
42 years$756$464$274$157$88$53
43 years$730$442$257$145$80$48
44 years$706$421$241$134$73$43
45 years$682$402$227$124$66$38
46 years$660$383$213$114$60$34
47 years$639$366$200$105$54$31
48 years$618$349$188$97$49$27
49 years$599$333$177$90$45$24
50 years$580$318$166$83$41$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $594,000, adding $3,705 every year, while hoping to spend $33,371 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: 45/38/17 Blend
39$594,000$594,000$594,000$594,000
40$658,410$626,928$617,721$684,673
41$690,061$622,141$602,908$698,620
42$723,822$616,001$586,480$710,107
43$759,874$608,406$568,349$721,853
44$798,412$599,249$548,420$733,896
45$839,654$588,416$526,596$746,281
46$883,836$575,786$502,774$759,061
47$931,219$561,232$476,849$772,293
48$982,088$544,616$448,708$786,046
49$1,036,756$525,797$418,234$800,397
50$1,095,566$504,623$385,306$815,436
51$1,158,896$480,932$349,797$831,263
52$1,227,161$454,555$311,573$847,993
53$1,300,816$425,313$270,495$865,755
54$1,380,361$393,015$226,418$884,696
55$1,466,346$357,460$179,191$904,983
56$1,559,375$318,437$128,655$926,803
57$1,660,111$275,721$74,645$950,367
58$1,769,286$229,074$16,989$975,911
59$1,887,701$178,247$0$1,003,704
60$2,016,240$122,975$0$1,042,122
61$2,155,874$62,978$0$1,087,238
62$2,307,671$0$0$1,136,378
63$2,472,806$0$0$1,190,853
64$2,652,572$0$0$1,278,883
65$2,848,391$0$0$1,374,839
66$3,061,830$0$0$1,479,497
67$3,294,611$0$0$1,593,709
68$3,548,631$0$0$1,718,414
69$3,825,976$0$0$1,854,647
70$4,128,946$0$0$2,003,546
71$4,460,069$0$0$2,166,364
72$4,822,130$0$0$2,344,481
73$5,218,197$0$0$2,539,416
74$5,651,645$0$0$2,752,842
75$6,126,192$0$0$2,986,601
76$6,645,933$0$0$3,242,721
77$7,215,375$0$0$3,523,439
78$7,839,485$0$0$3,831,213
79$8,523,730$0$0$4,168,754
80$9,274,134$0$0$4,539,047
81$10,097,330$0$0$4,945,380
82$11,000,625$0$0$5,391,374
83$11,992,067$0$0$5,881,020
84$13,080,521$0$0$6,418,710
85$14,275,754$0$0$7,009,286
86$15,588,523$0$0$7,658,081
87$17,030,678$0$0$8,370,970
88$18,615,275$0$0$9,154,423
89$20,356,696$0$0$10,015,572
90$22,270,785$0$0$10,962,271
91$24,375,000$0$0$12,003,174
92$26,688,572$0$0$13,147,815
93$29,232,688$0$0$14,406,701
94$32,030,693$0$0$15,791,403
95$35,108,308$0$0$17,314,675
96$38,493,869$0$0$18,990,565
97$42,218,600$0$0$20,834,555
98$46,316,902$0$0$22,863,701
99$50,826,679$0$0$25,096,797
100$55,789,694$0$0$27,554,549