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%11.7%
1 years$49,465$49,024$48,594$48,175$47,765$47,424
2 years$24,488$24,031$23,590$23,161$22,745$22,402
3 years$16,163$15,705$15,264$14,839$14,431$14,095
4 years$12,001$11,545$11,108$10,691$10,292$9,967
5 years$9,505$9,051$8,620$8,212$7,824$7,510
6 years$7,841$7,391$6,967$6,567$6,191$5,888
7 years$6,654$6,207$5,789$5,399$5,035$4,744
8 years$5,763$5,320$4,910$4,529$4,177$3,898
9 years$5,071$4,632$4,229$3,858$3,517$3,251
10 years$4,517$4,083$3,687$3,325$2,997$2,742
11 years$4,065$3,635$3,246$2,894$2,578$2,334
12 years$3,688$3,263$2,881$2,539$2,234$2,001
13 years$3,369$2,949$2,574$2,241$1,948$1,726
14 years$3,097$2,680$2,312$1,989$1,707$1,497
15 years$2,860$2,448$2,088$1,774$1,503$1,303
16 years$2,654$2,246$1,893$1,589$1,329$1,139
17 years$2,472$2,069$1,722$1,427$1,178$998
18 years$2,310$1,912$1,572$1,286$1,047$877
19 years$2,166$1,772$1,439$1,162$934$772
20 years$2,036$1,646$1,321$1,053$834$681
21 years$1,918$1,533$1,215$955$746$602
22 years$1,812$1,431$1,120$869$669$533
23 years$1,715$1,339$1,034$791$600$473
24 years$1,626$1,254$956$722$540$419
25 years$1,544$1,177$886$659$486$372
26 years$1,469$1,106$821$603$437$331
27 years$1,400$1,041$763$552$394$295
28 years$1,335$981$709$505$356$262
29 years$1,275$926$660$463$321$234
30 years$1,219$874$615$425$290$208
31 years$1,167$826$573$391$263$186
32 years$1,118$782$535$359$237$166
33 years$1,073$740$499$330$215$148
34 years$1,030$702$466$304$195$132
35 years$989$666$436$280$176$118
36 years$951$632$408$257$160$105
37 years$915$600$382$237$145$94
38 years$881$570$358$219$131$84
39 years$849$542$335$202$119$75
40 years$819$516$314$186$108$67
41 years$790$491$294$172$98$60
42 years$763$468$276$158$89$54
43 years$737$446$259$146$81$48
44 years$712$425$243$135$73$43
45 years$688$405$228$125$66$38
46 years$665$386$215$115$60$34
47 years$644$369$202$106$55$31
48 years$623$352$189$98$50$28
49 years$604$336$178$91$45$25
50 years$585$321$167$84$41$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $599,000, adding $6,756 every year, while hoping to spend $45,962 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: 36/39/25 Blend
39$599,000$599,000$599,000$599,000
40$667,067$635,320$626,035$685,859
41$686,204$617,547$598,104$682,551
42$705,754$597,363$567,697$674,291
43$725,708$574,602$534,682$664,467
44$746,058$549,085$498,923$652,968
45$766,794$520,628$460,274$639,675
46$787,901$489,033$418,587$624,463
47$809,362$454,090$373,705$607,201
48$831,156$415,580$325,463$587,747
49$853,259$373,269$273,692$565,952
50$875,643$326,910$218,211$541,659
51$898,273$276,244$158,836$514,698
52$921,111$220,994$95,372$484,892
53$944,112$160,870$27,614$452,052
54$967,224$95,565$0$415,977
55$990,388$24,755$0$388,376
56$1,013,536$0$0$365,736
57$1,036,593$0$0$362,779
58$1,059,471$0$0$370,329
59$1,082,073$0$0$377,721
60$1,104,288$0$0$384,910
61$1,125,993$0$0$391,846
62$1,147,046$0$0$398,470
63$1,167,293$0$0$404,720
64$1,186,557$0$0$410,524
65$1,204,642$0$0$415,802
66$1,221,330$0$0$420,466
67$1,236,374$0$0$424,417
68$1,249,503$0$0$427,544
69$1,260,412$0$0$429,724
70$1,268,763$0$0$430,823
71$1,274,179$0$0$430,687
72$1,276,241$0$0$429,149
73$1,274,485$0$0$426,021
74$1,268,394$0$0$421,098
75$1,257,395$0$0$414,148
76$1,240,852$0$0$404,917
77$1,218,060$0$0$393,124
78$1,188,239$0$0$378,455
79$1,150,523$0$0$360,565
80$1,103,954$0$0$339,070
81$1,047,472$0$0$313,547
82$979,903$0$0$283,528
83$899,947$0$0$248,493
84$806,169$0$0$207,871
85$696,979$0$0$161,027
86$570,623$0$0$107,261
87$425,159$0$0$45,801
88$258,442$0$0$0
89$68,103$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