Can I retire at age 40 with 598,000?

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 $598,000?

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$49,382$48,942$48,513$48,094$47,685$46,196
2 years$24,447$23,991$23,550$23,122$22,707$21,220
3 years$16,136$15,679$15,238$14,815$14,406$12,968
4 years$11,981$11,525$11,090$10,673$10,275$8,896
5 years$9,489$9,036$8,606$8,198$7,811$6,495
6 years$7,828$7,379$6,955$6,556$6,180$4,930
7 years$6,643$6,197$5,780$5,390$5,026$3,840
8 years$5,754$5,312$4,902$4,522$4,170$3,047
9 years$5,062$4,625$4,222$3,851$3,512$2,452
10 years$4,510$4,076$3,681$3,320$2,992$1,993
11 years$4,058$3,629$3,240$2,889$2,573$1,634
12 years$3,682$3,257$2,876$2,534$2,230$1,347
13 years$3,364$2,944$2,569$2,237$1,945$1,117
14 years$3,091$2,676$2,308$1,986$1,705$930
15 years$2,856$2,444$2,084$1,771$1,501$777
16 years$2,649$2,243$1,890$1,586$1,326$651
17 years$2,468$2,065$1,720$1,425$1,176$546
18 years$2,306$1,908$1,570$1,284$1,046$460
19 years$2,162$1,769$1,437$1,160$932$387
20 years$2,032$1,644$1,319$1,051$833$327
21 years$1,915$1,531$1,213$954$745$276
22 years$1,809$1,429$1,118$867$668$233
23 years$1,712$1,337$1,032$790$599$197
24 years$1,623$1,252$955$720$539$167
25 years$1,542$1,175$884$658$485$141
26 years$1,467$1,105$820$602$437$120
27 years$1,397$1,039$762$551$394$102
28 years$1,333$979$708$504$355$86
29 years$1,273$924$659$463$321$73
30 years$1,217$873$614$425$290$62
31 years$1,165$825$572$390$262$53
32 years$1,117$781$534$358$237$45
33 years$1,071$739$498$330$215$38
34 years$1,028$701$466$303$194$32
35 years$988$665$435$279$176$27
36 years$950$631$407$257$159$23
37 years$914$599$381$237$144$20
38 years$880$569$357$218$131$17
39 years$848$541$334$201$119$14
40 years$818$515$313$186$108$12
41 years$789$490$294$171$98$10
42 years$761$467$276$158$89$9
43 years$735$445$259$146$80$7
44 years$711$424$243$135$73$6
45 years$687$404$228$124$66$5
46 years$664$386$214$115$60$5
47 years$643$368$201$106$55$4
48 years$622$351$189$98$50$3
49 years$603$336$178$91$45$3
50 years$584$321$167$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $598,000, adding $4,909 every year, while hoping to spend $38,070 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: 77/9/14 Blend
39$598,000$598,000$598,000$598,000
40$664,060$632,366$623,097$712,895
41$691,288$622,845$603,464$736,253
42$720,017$611,583$581,898$756,559
43$750,360$598,452$558,293$777,767
44$782,441$583,320$532,540$799,953
45$816,394$566,047$504,524$823,202
46$852,365$546,482$474,125$847,606
47$890,516$524,469$441,218$873,269
48$931,021$499,841$405,671$900,306
49$974,072$472,420$367,348$928,842
50$1,019,879$442,020$326,106$959,017
51$1,068,672$408,445$281,796$990,986
52$1,120,702$371,483$234,261$1,024,921
53$1,176,244$330,917$183,339$1,061,010
54$1,235,600$286,511$128,860$1,099,463
55$1,299,101$238,020$70,647$1,140,513
56$1,367,109$185,182$8,513$1,184,415
57$1,440,023$127,725$0$1,231,453
58$1,518,278$65,356$0$1,290,574
59$1,602,353$0$0$1,355,411
60$1,692,773$0$0$1,425,326
61$1,790,117$0$0$1,507,578
62$1,895,017$0$0$1,596,231
63$2,008,170$0$0$1,691,874
64$2,130,340$0$0$1,795,158
65$2,262,367$0$0$1,906,794
66$2,405,175$0$0$2,027,566
67$2,559,779$0$0$2,158,334
68$2,727,295$0$0$2,300,045
69$2,908,949$0$0$2,453,740
70$3,106,092$0$0$2,620,563
71$3,320,207$0$0$2,801,772
72$3,552,926$0$0$2,998,754
73$3,806,046$0$0$3,213,031
74$4,081,541$0$0$3,446,278
75$4,381,586$0$0$3,700,341
76$4,708,573$0$0$3,977,248
77$5,065,135$0$0$4,279,232
78$5,454,170$0$0$4,608,753
79$5,878,866$0$0$4,968,516
80$6,342,734$0$0$5,361,499
81$6,849,641$0$0$5,790,982
82$7,403,840$0$0$6,260,574
83$8,010,017$0$0$6,774,250
84$8,673,330$0$0$7,336,387
85$9,399,460$0$0$7,951,803
86$10,194,660$0$0$8,625,806
87$11,065,818$0$0$9,364,239
88$12,020,522$0$0$10,173,538
89$13,067,123$0$0$11,060,791
90$14,214,824$0$0$12,033,804
91$15,473,758$0$0$13,101,177
92$16,855,088$0$0$14,272,379
93$18,371,108$0$0$15,557,843
94$20,035,361$0$0$16,969,059
95$21,862,766$0$0$18,518,685
96$23,869,755$0$0$20,220,665
97$26,074,433$0$0$22,090,358
98$28,496,742$0$0$24,144,686
99$31,158,651$0$0$26,402,291
100$34,084,366$0$0$28,883,709