Can I retire at age 40 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$49,465$49,024$48,594$48,175$47,765$46,236
2 years$24,488$24,031$23,590$23,161$22,745$21,219
3 years$16,163$15,705$15,264$14,839$14,431$12,955
4 years$12,001$11,545$11,108$10,691$10,292$8,878
5 years$9,505$9,051$8,620$8,212$7,824$6,476
6 years$7,841$7,391$6,967$6,567$6,191$4,909
7 years$6,654$6,207$5,789$5,399$5,035$3,820
8 years$5,763$5,320$4,910$4,529$4,177$3,028
9 years$5,071$4,632$4,229$3,858$3,517$2,433
10 years$4,517$4,083$3,687$3,325$2,997$1,975
11 years$4,065$3,635$3,246$2,894$2,578$1,617
12 years$3,688$3,263$2,881$2,539$2,234$1,332
13 years$3,369$2,949$2,574$2,241$1,948$1,103
14 years$3,097$2,680$2,312$1,989$1,707$917
15 years$2,860$2,448$2,088$1,774$1,503$765
16 years$2,654$2,246$1,893$1,589$1,329$640
17 years$2,472$2,069$1,722$1,427$1,178$536
18 years$2,310$1,912$1,572$1,286$1,047$450
19 years$2,166$1,772$1,439$1,162$934$379
20 years$2,036$1,646$1,321$1,053$834$319
21 years$1,918$1,533$1,215$955$746$269
22 years$1,812$1,431$1,120$869$669$227
23 years$1,715$1,339$1,034$791$600$192
24 years$1,626$1,254$956$722$540$162
25 years$1,544$1,177$886$659$486$137
26 years$1,469$1,106$821$603$437$116
27 years$1,400$1,041$763$552$394$98
28 years$1,335$981$709$505$356$83
29 years$1,275$926$660$463$321$70
30 years$1,219$874$615$425$290$60
31 years$1,167$826$573$391$263$51
32 years$1,118$782$535$359$237$43
33 years$1,073$740$499$330$215$36
34 years$1,030$702$466$304$195$31
35 years$989$666$436$280$176$26
36 years$951$632$408$257$160$22
37 years$915$600$382$237$145$19
38 years$881$570$358$219$131$16
39 years$849$542$335$202$119$13
40 years$819$516$314$186$108$11
41 years$790$491$294$172$98$10
42 years$763$468$276$158$89$8
43 years$737$446$259$146$81$7
44 years$712$425$243$135$73$6
45 years$688$405$228$125$66$5
46 years$665$386$215$115$60$4
47 years$644$369$202$106$55$4
48 years$623$352$189$98$50$3
49 years$604$336$178$91$45$3
50 years$585$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 $599,000, adding $2,367 every year, while hoping to spend $20,898 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: 56/22/22 Blend
39$599,000$599,000$599,000$599,000
40$662,540$630,793$621,508$695,569
41$707,883$639,466$620,093$727,089
42$757,152$647,864$617,931$758,993
43$810,723$655,951$614,973$793,301
44$869,013$663,690$611,171$830,251
45$932,480$671,038$606,473$870,103
46$1,001,628$677,954$600,825$913,147
47$1,077,012$684,391$594,170$959,701
48$1,159,240$690,299$586,448$1,010,118
49$1,248,986$695,627$577,597$1,064,784
50$1,346,988$700,318$567,552$1,124,129
51$1,454,060$704,313$556,245$1,188,627
52$1,571,099$707,549$543,603$1,258,798
53$1,699,090$709,959$529,553$1,335,219
54$1,839,120$711,470$514,016$1,418,527
55$1,992,385$712,006$496,911$1,509,424
56$2,160,202$711,488$478,151$1,608,684
57$2,344,021$709,830$457,647$1,717,161
58$2,545,439$706,939$435,306$1,835,800
59$2,766,215$702,720$411,030$1,965,641
60$3,008,286$697,071$384,717$2,107,834
61$3,273,786$689,882$356,260$2,263,645
62$3,565,064$681,038$325,546$2,434,472
63$3,884,710$670,418$292,461$2,621,859
64$4,235,573$657,891$256,881$2,827,508
65$4,620,795$643,322$218,681$3,053,295
66$5,043,836$626,564$177,726$3,301,294
67$5,508,505$607,464$133,878$3,573,788
68$6,019,002$585,859$86,992$3,873,297
69$6,579,952$561,578$36,918$4,202,604
70$7,196,450$534,437$0$4,564,772
71$7,874,108$504,245$0$4,967,064
72$8,619,112$470,798$0$5,418,832
73$9,438,274$433,880$0$5,915,554
74$10,339,101$393,263$0$6,461,812
75$11,329,864$348,707$0$7,062,652
76$12,419,673$299,957$0$7,723,639
77$13,618,570$246,745$0$8,450,906
78$14,937,614$188,786$0$9,251,214
79$16,388,995$125,780$0$10,132,014
80$17,986,141$57,412$0$11,101,520
81$19,743,847$0$0$12,168,786
82$21,678,418$0$0$13,347,822
83$23,807,817$0$0$14,660,961
84$26,151,838$0$0$16,106,516
85$28,732,291$0$0$17,697,948
86$31,573,209$0$0$19,450,086
87$34,701,073$0$0$21,379,270
88$38,145,062$0$0$23,503,508
89$41,937,329$0$0$25,842,639
90$46,113,303$0$0$28,418,528
91$50,712,026$0$0$31,255,266
92$55,776,515$0$0$34,379,400
93$61,354,177$0$0$37,820,182
94$67,497,246$0$0$41,609,847
95$74,263,284$0$0$45,783,917
96$81,715,719$0$0$50,381,532
97$89,924,446$0$0$55,445,826
98$98,966,486$0$0$61,024,327
99$108,926,712$0$0$67,169,410
100$119,898,647$0$0$73,938,790