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%17.4%
1 years$49,382$48,942$48,513$48,094$47,685$46,252
2 years$24,447$23,991$23,550$23,122$22,707$21,275
3 years$16,136$15,679$15,238$14,815$14,406$13,020
4 years$11,981$11,525$11,090$10,673$10,275$8,945
5 years$9,489$9,036$8,606$8,198$7,811$6,542
6 years$7,828$7,379$6,955$6,556$6,180$4,973
7 years$6,643$6,197$5,780$5,390$5,026$3,881
8 years$5,754$5,312$4,902$4,522$4,170$3,085
9 years$5,062$4,625$4,222$3,851$3,512$2,487
10 years$4,510$4,076$3,681$3,320$2,992$2,025
11 years$4,058$3,629$3,240$2,889$2,573$1,663
12 years$3,682$3,257$2,876$2,534$2,230$1,374
13 years$3,364$2,944$2,569$2,237$1,945$1,142
14 years$3,091$2,676$2,308$1,986$1,705$953
15 years$2,856$2,444$2,084$1,771$1,501$797
16 years$2,649$2,243$1,890$1,586$1,326$669
17 years$2,468$2,065$1,720$1,425$1,176$563
18 years$2,306$1,908$1,570$1,284$1,046$475
19 years$2,162$1,769$1,437$1,160$932$401
20 years$2,032$1,644$1,319$1,051$833$339
21 years$1,915$1,531$1,213$954$745$287
22 years$1,809$1,429$1,118$867$668$243
23 years$1,712$1,337$1,032$790$599$206
24 years$1,623$1,252$955$720$539$175
25 years$1,542$1,175$884$658$485$149
26 years$1,467$1,105$820$602$437$126
27 years$1,397$1,039$762$551$394$107
28 years$1,333$979$708$504$355$91
29 years$1,273$924$659$463$321$78
30 years$1,217$873$614$425$290$66
31 years$1,165$825$572$390$262$56
32 years$1,117$781$534$358$237$48
33 years$1,071$739$498$330$215$41
34 years$1,028$701$466$303$194$35
35 years$988$665$435$279$176$29
36 years$950$631$407$257$159$25
37 years$914$599$381$237$144$21
38 years$880$569$357$218$131$18
39 years$848$541$334$201$119$15
40 years$818$515$313$186$108$13
41 years$789$490$294$171$98$11
42 years$761$467$276$158$89$10
43 years$735$445$259$146$80$8
44 years$711$424$243$135$73$7
45 years$687$404$228$124$66$6
46 years$664$386$214$115$60$5
47 years$643$368$201$106$55$4
48 years$622$351$189$98$50$4
49 years$603$336$178$91$45$3
50 years$584$321$167$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $598,000, adding $5,465 every year, while hoping to spend $47,216 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: 57/35/8 Blend
39$598,000$598,000$598,000$598,000
40$664,633$632,939$623,670$700,992
41$682,188$613,716$594,326$706,891
42$699,952$591,968$562,416$707,549
43$717,894$567,522$527,804$707,110
44$735,984$540,195$490,350$705,474
45$754,181$509,791$449,904$702,534
46$772,443$476,107$406,311$698,173
47$790,720$438,924$359,410$692,268
48$808,955$398,013$309,032$684,685
49$827,084$353,131$255,000$675,280
50$845,034$304,022$197,130$663,898
51$862,723$250,414$135,229$650,372
52$880,058$192,022$69,097$634,523
53$896,936$128,542$0$616,157
54$913,239$59,657$0$595,191
55$928,837$0$0$577,577
56$943,582$0$0$562,955
57$957,312$0$0$570,642
58$969,843$0$0$577,547
59$980,972$0$0$583,540
60$990,469$0$0$588,477
61$998,083$0$0$592,199
62$1,003,531$0$0$594,527
63$1,006,499$0$0$595,263
64$1,006,639$0$0$594,186
65$1,003,565$0$0$591,054
66$996,845$0$0$585,594
67$986,003$0$0$577,507
68$970,512$0$0$566,458
69$949,784$0$0$552,078
70$923,171$0$0$533,959
71$889,954$0$0$511,648
72$849,336$0$0$484,642
73$800,435$0$0$452,386
74$742,278$0$0$414,268
75$673,785$0$0$369,607
76$593,763$0$0$317,653
77$500,894$0$0$257,576
78$393,718$0$0$188,457
79$270,626$0$0$109,284
80$129,835$0$0$18,935
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
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