Can I retire at age 40 with 596,000?

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 $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%19.6%
1 years$49,217$48,779$48,351$47,934$47,526$45,694
2 years$24,365$23,911$23,471$23,045$22,631$20,808
3 years$16,082$15,626$15,188$14,765$14,358$12,600
4 years$11,941$11,487$11,053$10,637$10,240$8,561
5 years$9,457$9,006$8,577$8,171$7,785$6,189
6 years$7,802$7,354$6,932$6,534$6,160$4,648
7 years$6,620$6,176$5,760$5,372$5,009$3,582
8 years$5,734$5,294$4,885$4,506$4,156$2,811
9 years$5,046$4,609$4,208$3,839$3,500$2,235
10 years$4,495$4,063$3,668$3,309$2,982$1,795
11 years$4,045$3,617$3,230$2,880$2,565$1,453
12 years$3,670$3,246$2,866$2,526$2,222$1,184
13 years$3,353$2,934$2,561$2,230$1,938$969
14 years$3,081$2,667$2,301$1,980$1,699$796
15 years$2,846$2,436$2,077$1,765$1,496$656
16 years$2,641$2,235$1,883$1,581$1,322$542
17 years$2,459$2,058$1,714$1,420$1,172$449
18 years$2,299$1,902$1,564$1,280$1,042$372
19 years$2,155$1,763$1,432$1,157$929$309
20 years$2,026$1,638$1,314$1,047$830$257
21 years$1,909$1,526$1,209$951$743$214
22 years$1,803$1,424$1,114$864$666$178
23 years$1,706$1,332$1,029$787$597$148
24 years$1,618$1,248$951$718$537$124
25 years$1,537$1,171$881$656$483$103
26 years$1,462$1,101$817$600$435$86
27 years$1,393$1,036$759$549$392$72
28 years$1,328$976$706$503$354$60
29 years$1,269$921$657$461$320$50
30 years$1,213$870$612$423$289$42
31 years$1,161$822$570$389$261$35
32 years$1,113$778$532$357$236$29
33 years$1,067$737$497$328$214$24
34 years$1,025$698$464$302$194$20
35 years$984$662$434$278$175$17
36 years$947$629$406$256$159$14
37 years$911$597$380$236$144$12
38 years$877$567$356$218$131$10
39 years$845$540$333$201$118$8
40 years$815$513$312$185$107$7
41 years$786$489$293$171$97$6
42 years$759$465$275$158$88$5
43 years$733$443$258$145$80$4
44 years$708$423$242$134$73$3
45 years$685$403$227$124$66$3
46 years$662$384$213$115$60$2
47 years$641$367$201$106$55$2
48 years$620$350$188$98$49$2
49 years$601$334$177$90$45$1
50 years$582$320$167$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $596,000, adding $2,673 every year, while hoping to spend $27,403 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: 61/17/22 Blend
39$596,000$596,000$596,000$596,000
40$659,549$627,961$618,723$695,811
41$697,667$629,575$610,294$722,292
42$738,754$630,349$600,664$747,931
43$783,084$630,214$589,764$775,303
44$830,959$629,094$577,521$804,578
45$882,709$626,913$563,860$835,949
46$938,698$623,584$548,702$869,627
47$999,326$619,020$531,964$905,846
48$1,065,031$613,126$513,559$944,864
49$1,136,297$605,802$493,396$986,969
50$1,213,655$596,942$471,380$1,032,477
51$1,297,689$586,433$447,413$1,081,738
52$1,389,043$574,158$421,391$1,135,139
53$1,488,423$559,989$393,205$1,193,110
54$1,596,607$543,793$362,742$1,256,122
55$1,714,451$525,429$329,884$1,324,701
56$1,842,897$504,748$294,508$1,399,424
57$1,982,983$481,591$256,484$1,480,931
58$2,135,849$455,790$215,678$1,569,929
59$2,302,751$427,169$171,948$1,667,199
60$2,485,072$395,541$125,149$1,773,602
61$2,684,334$360,707$75,126$1,890,094
62$2,902,213$322,459$21,720$2,017,726
63$3,140,554$280,575$0$2,157,661
64$3,401,389$234,822$0$2,319,465
65$3,686,955$184,952$0$2,502,255
66$3,999,715$130,705$0$2,702,536
67$4,342,383$71,806$0$2,922,082
68$4,717,945$7,964$0$3,162,850
69$5,129,693$0$0$3,426,997
70$5,581,250$0$0$3,728,336
71$6,076,609$0$0$4,060,586
72$6,620,166$0$0$4,425,212
73$7,216,763$0$0$4,825,469
74$7,871,736$0$0$5,264,943
75$8,590,959$0$0$5,747,582
76$9,380,908$0$0$6,277,737
77$10,248,711$0$0$6,860,200
78$11,202,226$0$0$7,500,252
79$12,250,105$0$0$8,203,709
80$13,401,884$0$0$8,976,980
81$14,668,066$0$0$9,827,123
82$16,060,222$0$0$10,761,918
83$17,591,103$0$0$11,789,933
84$19,274,756$0$0$12,920,610
85$21,126,655$0$0$14,164,352
86$23,163,853$0$0$15,532,619
87$25,405,138$0$0$17,038,040
88$27,871,208$0$0$18,694,528
89$30,584,872$0$0$20,517,414
90$33,571,260$0$0$22,523,590
91$36,858,062$0$0$24,731,667
92$40,475,787$0$0$27,162,155
93$44,458,054$0$0$29,837,650
94$48,841,904$0$0$32,783,052
95$53,668,155$0$0$36,025,797
96$58,981,781$0$0$39,596,116
97$64,832,340$0$0$43,527,321
98$71,274,441$0$0$47,856,121
99$78,368,256$0$0$52,622,961
100$86,180,090$0$0$57,872,413