Can I retire at age 40 with 595,000?

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 $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%17%
1 years$49,135$48,697$48,270$47,853$47,446$46,094
2 years$24,324$23,871$23,432$23,006$22,593$21,241
3 years$16,055$15,600$15,162$14,740$14,334$13,025
4 years$11,921$11,468$11,034$10,620$10,223$8,967
5 years$9,442$8,991$8,563$8,157$7,772$6,571
6 years$7,789$7,342$6,920$6,523$6,149$5,006
7 years$6,609$6,165$5,751$5,363$5,001$3,916
8 years$5,725$5,285$4,877$4,499$4,149$3,120
9 years$5,037$4,602$4,201$3,832$3,494$2,521
10 years$4,487$4,056$3,662$3,303$2,977$2,058
11 years$4,038$3,611$3,224$2,875$2,560$1,695
12 years$3,663$3,241$2,861$2,522$2,219$1,404
13 years$3,347$2,929$2,556$2,226$1,935$1,170
14 years$3,076$2,662$2,297$1,976$1,696$979
15 years$2,841$2,432$2,074$1,762$1,493$821
16 years$2,636$2,231$1,880$1,578$1,320$692
17 years$2,455$2,055$1,711$1,418$1,170$584
18 years$2,295$1,899$1,562$1,278$1,041$493
19 years$2,151$1,760$1,430$1,155$927$418
20 years$2,022$1,635$1,312$1,046$828$354
21 years$1,906$1,523$1,207$949$741$301
22 years$1,800$1,422$1,112$863$664$256
23 years$1,703$1,330$1,027$786$596$218
24 years$1,615$1,246$950$717$536$185
25 years$1,534$1,169$880$655$482$158
26 years$1,459$1,099$816$599$435$134
27 years$1,390$1,034$758$548$392$115
28 years$1,326$975$704$502$354$98
29 years$1,267$919$655$460$319$83
30 years$1,211$868$611$422$288$71
31 years$1,159$821$569$388$261$61
32 years$1,111$777$531$357$236$52
33 years$1,066$735$496$328$213$44
34 years$1,023$697$463$302$193$38
35 years$983$661$433$278$175$32
36 years$945$628$405$256$159$28
37 years$909$596$379$236$144$24
38 years$876$566$355$217$130$20
39 years$844$539$333$200$118$17
40 years$813$512$312$185$107$15
41 years$785$488$292$170$97$13
42 years$758$465$274$157$88$11
43 years$732$443$257$145$80$9
44 years$707$422$242$134$73$8
45 years$683$402$227$124$66$7
46 years$661$384$213$114$60$6
47 years$640$366$200$106$54$5
48 years$619$350$188$98$49$4
49 years$600$334$177$90$45$4
50 years$581$319$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 $595,000, adding $6,145 every year, while hoping to spend $45,429 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: 70/17/13 Blend
39$595,000$595,000$595,000$595,000
40$662,029$630,494$621,271$706,063
41$681,219$613,052$593,748$718,655
42$700,845$593,232$563,779$726,362
43$720,902$570,872$531,237$733,606
44$741,385$545,795$495,984$740,334
45$762,286$517,819$457,879$746,489
46$783,595$486,748$416,774$752,009
47$805,300$452,377$372,514$756,825
48$827,384$414,487$324,937$760,866
49$849,830$372,849$273,875$764,054
50$872,613$327,220$219,151$766,304
51$895,708$277,341$160,580$767,524
52$919,082$222,943$97,971$767,617
53$942,698$163,737$31,124$766,475
54$966,515$99,422$0$763,984
55$990,482$29,676$0$765,599
56$1,014,543$0$0$770,575
57$1,038,634$0$0$783,053
58$1,062,681$0$0$801,031
59$1,086,601$0$0$818,894
60$1,110,301$0$0$836,567
61$1,133,673$0$0$853,969
62$1,156,598$0$0$871,006
63$1,178,941$0$0$887,574
64$1,200,550$0$0$903,555
65$1,221,256$0$0$918,817
66$1,240,870$0$0$933,214
67$1,259,177$0$0$946,581
68$1,275,942$0$0$958,734
69$1,290,900$0$0$969,468
70$1,303,754$0$0$978,554
71$1,314,177$0$0$985,739
72$1,321,803$0$0$990,739
73$1,326,224$0$0$993,239
74$1,326,988$0$0$992,890
75$1,323,593$0$0$989,302
76$1,315,482$0$0$982,046
77$1,302,034$0$0$970,642
78$1,282,565$0$0$954,560
79$1,256,314$0$0$933,213
80$1,222,436$0$0$905,949
81$1,180,000$0$0$872,047
82$1,127,971$0$0$830,709
83$1,065,205$0$0$781,049
84$990,435$0$0$722,091
85$902,260$0$0$652,753
86$799,133$0$0$571,838
87$679,338$0$0$478,023
88$540,984$0$0$369,847
89$381,976$0$0$245,693
90$200,003$0$0$103,777
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