Can I retire at age 40 with 594,000?

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 $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%17.7%
1 years$49,052$48,615$48,189$47,773$47,366$45,887
2 years$24,283$23,831$23,393$22,968$22,555$21,078
3 years$16,028$15,574$15,137$14,716$14,310$12,881
4 years$11,901$11,448$11,016$10,602$10,206$8,837
5 years$9,426$8,976$8,549$8,143$7,758$6,452
6 years$7,776$7,329$6,908$6,512$6,139$4,897
7 years$6,598$6,155$5,741$5,354$4,993$3,815
8 years$5,715$5,276$4,869$4,491$4,142$3,027
9 years$5,029$4,594$4,193$3,826$3,488$2,435
10 years$4,480$4,049$3,656$3,298$2,972$1,980
11 years$4,031$3,605$3,219$2,870$2,556$1,623
12 years$3,657$3,235$2,856$2,517$2,215$1,338
13 years$3,341$2,924$2,552$2,222$1,932$1,110
14 years$3,071$2,658$2,293$1,973$1,693$924
15 years$2,836$2,428$2,070$1,759$1,491$772
16 years$2,632$2,228$1,877$1,575$1,318$646
17 years$2,451$2,051$1,708$1,415$1,168$543
18 years$2,291$1,896$1,559$1,276$1,039$456
19 years$2,148$1,757$1,427$1,153$926$385
20 years$2,019$1,633$1,310$1,044$827$324
21 years$1,902$1,521$1,205$947$740$274
22 years$1,797$1,420$1,111$861$663$232
23 years$1,701$1,328$1,025$785$595$196
24 years$1,612$1,244$948$716$535$166
25 years$1,531$1,167$878$653$482$141
26 years$1,457$1,097$815$597$434$119
27 years$1,388$1,033$756$547$391$101
28 years$1,324$973$703$501$353$86
29 years$1,264$918$654$460$319$73
30 years$1,209$867$610$422$288$62
31 years$1,157$819$568$387$260$52
32 years$1,109$775$530$356$235$44
33 years$1,064$734$495$327$213$38
34 years$1,021$696$463$301$193$32
35 years$981$660$432$277$175$27
36 years$943$626$405$255$158$23
37 years$908$595$379$235$144$20
38 years$874$565$355$217$130$17
39 years$842$538$332$200$118$14
40 years$812$512$311$184$107$12
41 years$783$487$292$170$97$10
42 years$756$464$274$157$88$9
43 years$730$442$257$145$80$7
44 years$706$421$241$134$73$6
45 years$682$402$227$124$66$5
46 years$660$383$213$114$60$5
47 years$639$366$200$105$54$4
48 years$618$349$188$97$49$3
49 years$599$333$177$90$45$3
50 years$580$318$166$83$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $594,000, adding $2,102 every year, while hoping to spend $45,511 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: 52/31/17 Blend
39$594,000$594,000$594,000$594,000
40$656,756$625,274$616,067$687,760
41$675,322$607,489$588,282$691,474
42$694,256$587,308$558,041$690,561
43$713,548$564,564$525,213$688,568
44$733,185$539,082$489,663$685,409
45$753,151$510,678$451,247$680,987
46$773,426$479,155$409,818$675,204
47$793,989$444,307$365,220$667,951
48$814,811$405,914$317,291$659,113
49$835,862$363,744$265,860$648,567
50$857,106$317,553$210,752$636,181
51$878,500$267,082$151,782$621,817
52$899,996$212,058$88,755$605,322
53$921,539$152,193$21,472$586,537
54$943,067$87,181$0$565,289
55$964,508$16,700$0$550,525
56$985,780$0$0$537,667
57$1,006,794$0$0$542,975
58$1,027,446$0$0$553,739
59$1,047,620$0$0$564,197
60$1,067,186$0$0$574,271
61$1,085,998$0$0$583,877
62$1,103,893$0$0$592,920
63$1,120,687$0$0$601,295
64$1,136,177$0$0$608,882
65$1,150,134$0$0$615,551
66$1,162,303$0$0$621,154
67$1,172,402$0$0$625,526
68$1,180,114$0$0$628,487
69$1,185,089$0$0$629,833
70$1,186,936$0$0$629,340
71$1,185,222$0$0$626,757
72$1,179,466$0$0$621,807
73$1,169,134$0$0$614,183
74$1,153,632$0$0$603,543
75$1,132,304$0$0$589,509
76$1,104,423$0$0$571,662
77$1,069,181$0$0$549,539
78$1,025,686$0$0$522,626
79$972,949$0$0$490,354
80$909,877$0$0$452,094
81$835,257$0$0$407,152
82$747,753$0$0$354,756
83$645,884$0$0$294,058
84$528,012$0$0$224,117
85$392,329$0$0$143,894
86$236,836$0$0$52,241
87$59,324$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0