Can I retire at age 40 with 595,000?

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 $595,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$49,135$48,697$48,270$47,853$47,446$46,583
2 years$24,324$23,871$23,432$23,006$22,593$21,727
3 years$16,055$15,600$15,162$14,740$14,334$13,492
4 years$11,921$11,468$11,034$10,620$10,223$9,411
5 years$9,442$8,991$8,563$8,157$7,772$6,992
6 years$7,789$7,342$6,920$6,523$6,149$5,403
7 years$6,609$6,165$5,751$5,363$5,001$4,288
8 years$5,725$5,285$4,877$4,499$4,149$3,469
9 years$5,037$4,602$4,201$3,832$3,494$2,847
10 years$4,487$4,056$3,662$3,303$2,977$2,363
11 years$4,038$3,611$3,224$2,875$2,560$1,977
12 years$3,663$3,241$2,861$2,522$2,219$1,667
13 years$3,347$2,929$2,556$2,226$1,935$1,413
14 years$3,076$2,662$2,297$1,976$1,696$1,203
15 years$2,841$2,432$2,074$1,762$1,493$1,028
16 years$2,636$2,231$1,880$1,578$1,320$882
17 years$2,455$2,055$1,711$1,418$1,170$758
18 years$2,295$1,899$1,562$1,278$1,041$654
19 years$2,151$1,760$1,430$1,155$927$564
20 years$2,022$1,635$1,312$1,046$828$488
21 years$1,906$1,523$1,207$949$741$423
22 years$1,800$1,422$1,112$863$664$367
23 years$1,703$1,330$1,027$786$596$318
24 years$1,615$1,246$950$717$536$277
25 years$1,534$1,169$880$655$482$241
26 years$1,459$1,099$816$599$435$209
27 years$1,390$1,034$758$548$392$182
28 years$1,326$975$704$502$354$159
29 years$1,267$919$655$460$319$138
30 years$1,211$868$611$422$288$121
31 years$1,159$821$569$388$261$105
32 years$1,111$777$531$357$236$92
33 years$1,066$735$496$328$213$80
34 years$1,023$697$463$302$193$70
35 years$983$661$433$278$175$61
36 years$945$628$405$256$159$53
37 years$909$596$379$236$144$47
38 years$876$566$355$217$130$41
39 years$844$539$333$200$118$36
40 years$813$512$312$185$107$31
41 years$785$488$292$170$97$27
42 years$758$465$274$157$88$24
43 years$732$443$257$145$80$21
44 years$707$422$242$134$73$18
45 years$683$402$227$124$66$16
46 years$661$384$213$114$60$14
47 years$640$366$200$106$54$12
48 years$619$350$188$98$49$11
49 years$600$334$177$90$45$9
50 years$581$319$166$83$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $595,000, adding $2,095 every year, while hoping to spend $39,986 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: 79/7/14 Blend
39$595,000$595,000$595,000$595,000
40$657,851$626,316$617,093$707,798
41$682,407$614,461$595,221$729,106
42$708,128$600,684$571,276$747,140
43$735,089$584,850$545,147$765,792
44$763,375$566,815$516,716$785,106
45$793,075$546,425$485,862$805,131
46$824,288$523,518$452,457$825,923
47$857,119$497,924$416,368$847,543
48$891,684$469,462$377,456$870,058
49$928,111$437,940$335,575$893,543
50$966,535$403,156$290,574$918,082
51$1,007,107$364,896$242,293$943,764
52$1,049,989$322,934$190,568$970,694
53$1,095,361$277,030$135,224$998,982
54$1,143,416$226,933$76,083$1,028,755
55$1,194,367$172,375$12,954$1,060,149
56$1,248,446$113,076$0$1,093,319
57$1,305,908$48,736$0$1,136,563
58$1,367,029$0$0$1,184,533
59$1,432,114$0$0$1,237,147
60$1,501,495$0$0$1,297,246
61$1,575,538$0$0$1,361,393
62$1,654,641$0$0$1,429,936
63$1,739,242$0$0$1,503,255
64$1,829,820$0$0$1,581,768
65$1,926,903$0$0$1,665,933
66$2,031,068$0$0$1,756,251
67$2,142,947$0$0$1,853,274
68$2,263,236$0$0$1,957,607
69$2,392,698$0$0$2,069,914
70$2,532,172$0$0$2,190,924
71$2,682,578$0$0$2,321,438
72$2,844,927$0$0$2,462,336
73$3,020,331$0$0$2,614,585
74$3,210,011$0$0$2,779,248
75$3,415,308$0$0$2,957,493
76$3,637,699$0$0$3,150,604
77$3,878,805$0$0$3,359,993
78$4,140,411$0$0$3,587,213
79$4,424,479$0$0$3,833,970
80$4,733,167$0$0$4,102,144
81$5,068,849$0$0$4,393,801
82$5,434,137$0$0$4,711,214
83$5,831,905$0$0$5,056,884
84$6,265,315$0$0$5,433,564
85$6,737,847$0$0$5,844,282
86$7,253,331$0$0$6,292,374
87$7,815,984$0$0$6,781,508
88$8,430,447$0$0$7,315,725
89$9,101,827$0$0$7,899,470
90$9,835,750$0$0$8,537,639
91$10,638,407$0$0$9,235,624
92$11,516,616$0$0$9,999,358
93$12,477,885$0$0$10,835,376
94$13,530,481$0$0$11,750,875
95$14,683,507$0$0$12,753,779
96$15,946,989$0$0$13,852,814
97$17,331,967$0$0$15,057,594
98$18,850,602$0$0$16,378,702
99$20,516,287$0$0$17,827,798
100$22,343,774$0$0$19,417,724