Can I retire at age 40 with 596,000?

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 $596,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$49,217$48,779$48,351$47,934$47,526$46,528
2 years$24,365$23,911$23,471$23,045$22,631$21,631
3 years$16,082$15,626$15,188$14,765$14,358$13,386
4 years$11,941$11,487$11,053$10,637$10,240$9,304
5 years$9,457$9,006$8,577$8,171$7,785$6,887
6 years$7,802$7,354$6,932$6,534$6,160$5,302
7 years$6,620$6,176$5,760$5,372$5,009$4,191
8 years$5,734$5,294$4,885$4,506$4,156$3,377
9 years$5,046$4,609$4,208$3,839$3,500$2,760
10 years$4,495$4,063$3,668$3,309$2,982$2,280
11 years$4,045$3,617$3,230$2,880$2,565$1,900
12 years$3,670$3,246$2,866$2,526$2,222$1,594
13 years$3,353$2,934$2,561$2,230$1,938$1,345
14 years$3,081$2,667$2,301$1,980$1,699$1,140
15 years$2,846$2,436$2,077$1,765$1,496$970
16 years$2,641$2,235$1,883$1,581$1,322$828
17 years$2,459$2,058$1,714$1,420$1,172$708
18 years$2,299$1,902$1,564$1,280$1,042$607
19 years$2,155$1,763$1,432$1,157$929$522
20 years$2,026$1,638$1,314$1,047$830$449
21 years$1,909$1,526$1,209$951$743$387
22 years$1,803$1,424$1,114$864$666$334
23 years$1,706$1,332$1,029$787$597$288
24 years$1,618$1,248$951$718$537$249
25 years$1,537$1,171$881$656$483$215
26 years$1,462$1,101$817$600$435$186
27 years$1,393$1,036$759$549$392$161
28 years$1,328$976$706$503$354$140
29 years$1,269$921$657$461$320$121
30 years$1,213$870$612$423$289$105
31 years$1,161$822$570$389$261$91
32 years$1,113$778$532$357$236$79
33 years$1,067$737$497$328$214$68
34 years$1,025$698$464$302$194$59
35 years$984$662$434$278$175$52
36 years$947$629$406$256$159$45
37 years$911$597$380$236$144$39
38 years$877$567$356$218$131$34
39 years$845$540$333$201$118$29
40 years$815$513$312$185$107$25
41 years$786$489$293$171$97$22
42 years$759$465$275$158$88$19
43 years$733$443$258$145$80$17
44 years$708$423$242$134$73$14
45 years$685$403$227$124$66$13
46 years$662$384$213$115$60$11
47 years$641$367$201$106$55$9
48 years$620$350$188$98$49$8
49 years$601$334$177$90$45$7
50 years$582$320$167$84$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $596,000, adding $2,933 every year, while hoping to spend $36,025 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: 47/39/14 Blend
39$596,000$596,000$596,000$596,000
40$659,817$628,229$618,991$688,106
41$688,788$620,682$601,397$700,444
42$719,507$611,558$582,006$709,903
43$752,114$600,741$560,720$719,375
44$786,761$588,110$537,437$728,876
45$823,618$573,534$512,048$738,425
46$862,867$556,877$484,442$748,043
47$904,710$537,995$454,501$757,758
48$949,366$516,732$422,102$767,606
49$997,077$492,928$387,118$777,624
50$1,048,108$466,410$349,415$787,862
51$1,102,747$436,996$308,853$798,374
52$1,161,313$404,494$265,285$809,225
53$1,224,154$368,702$218,559$820,491
54$1,291,653$329,404$168,517$832,259
55$1,364,230$286,373$114,991$844,631
56$1,442,347$239,370$57,808$857,721
57$1,526,508$188,142$0$871,662
58$1,617,271$132,419$0$887,086
59$1,715,246$71,921$0$912,931
60$1,821,104$6,349$0$940,779
61$1,935,583$0$0$970,883
62$2,059,494$0$0$1,031,254
63$2,193,728$0$0$1,099,663
64$2,339,266$0$0$1,173,891
65$2,497,184$0$0$1,254,495
66$2,668,668$0$0$1,342,089
67$2,855,021$0$0$1,437,345
68$3,057,679$0$0$1,541,006
69$3,278,218$0$0$1,653,887
70$3,518,375$0$0$1,776,887
71$3,780,059$0$0$1,910,993
72$4,065,374$0$0$2,057,293
73$4,376,634$0$0$2,216,984
74$4,716,384$0$0$2,391,384
75$5,087,429$0$0$2,581,944
76$5,492,855$0$0$2,790,259
77$5,936,059$0$0$3,018,089
78$6,420,782$0$0$3,267,369
79$6,951,143$0$0$3,540,231
80$7,531,678$0$0$3,839,021
81$8,167,380$0$0$4,166,326
82$8,863,749$0$0$4,524,990
83$9,626,841$0$0$4,918,151
84$10,463,327$0$0$5,349,259
85$11,380,552$0$0$5,822,118
86$12,386,609$0$0$6,340,917
87$13,490,409$0$0$6,910,269
88$14,701,767$0$0$7,535,256
89$16,031,497$0$0$8,221,476
90$17,491,510$0$0$8,975,095
91$19,094,925$0$0$9,802,908
92$20,856,195$0$0$10,712,396
93$22,791,243$0$0$11,711,804
94$24,917,609$0$0$12,810,215
95$27,254,617$0$0$14,017,633
96$29,823,555$0$0$15,345,082
97$32,647,877$0$0$16,804,707
98$35,753,424$0$0$18,409,888
99$39,168,662$0$0$20,175,367
100$42,924,960$0$0$22,117,387