Can I retire at age 40 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$46,162$45,751$45,349$44,958$44,575$43,410
2 years$22,852$22,427$22,014$21,614$21,226$20,060
3 years$15,084$14,656$14,245$13,849$13,467$12,336
4 years$11,200$10,774$10,366$9,977$9,605$8,518
5 years$8,870$8,447$8,045$7,663$7,301$6,262
6 years$7,318$6,897$6,501$6,128$5,777$4,787
7 years$6,209$5,792$5,403$5,039$4,698$3,757
8 years$5,378$4,965$4,582$4,227$3,898$3,004
9 years$4,732$4,323$3,946$3,600$3,283$2,436
10 years$4,216$3,811$3,441$3,103$2,797$1,996
11 years$3,793$3,392$3,029$2,701$2,405$1,650
12 years$3,442$3,045$2,688$2,369$2,084$1,373
13 years$3,144$2,752$2,402$2,092$1,818$1,148
14 years$2,890$2,501$2,158$1,857$1,593$964
15 years$2,669$2,285$1,948$1,656$1,403$813
16 years$2,477$2,096$1,766$1,483$1,240$687
17 years$2,307$1,931$1,607$1,332$1,099$583
18 years$2,156$1,784$1,467$1,200$978$495
19 years$2,021$1,653$1,343$1,085$871$421
20 years$1,900$1,536$1,233$982$778$359
21 years$1,790$1,431$1,134$892$696$306
22 years$1,691$1,336$1,045$811$624$261
23 years$1,600$1,249$965$738$560$223
24 years$1,517$1,171$892$673$504$191
25 years$1,441$1,099$827$615$453$163
26 years$1,371$1,032$767$562$408$140
27 years$1,306$972$712$515$368$120
28 years$1,246$916$662$472$332$103
29 years$1,190$864$616$432$300$88
30 years$1,138$816$574$397$271$76
31 years$1,089$771$535$364$245$65
32 years$1,044$730$499$335$222$56
33 years$1,001$691$466$308$201$48
34 years$961$655$435$283$182$41
35 years$923$621$407$261$164$35
36 years$888$590$381$240$149$30
37 years$854$560$356$221$135$26
38 years$823$532$334$204$122$22
39 years$793$506$313$188$111$19
40 years$764$481$293$174$101$16
41 years$737$458$275$160$91$14
42 years$712$436$258$148$83$12
43 years$687$416$242$136$75$10
44 years$664$396$227$126$68$9
45 years$642$378$213$116$62$8
46 years$621$361$200$107$56$7
47 years$601$344$188$99$51$6
48 years$582$329$177$92$46$5
49 years$563$314$166$85$42$4
50 years$546$300$156$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $559,000, adding $4,651 every year, while hoping to spend $38,491 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: 64/30/6 Blend
39$559,000$559,000$559,000$559,000
40$620,816$591,189$582,524$659,625
41$643,185$579,203$561,084$674,051
42$666,545$565,339$537,637$684,816
43$690,958$549,466$512,073$695,562
44$716,488$531,442$484,279$706,285
45$743,207$511,120$454,140$716,981
46$771,190$488,341$421,529$727,646
47$800,521$462,939$386,320$738,279
48$831,290$434,739$348,378$748,880
49$863,595$403,555$307,562$759,450
50$897,541$369,188$263,725$769,994
51$933,245$331,433$216,714$780,518
52$970,831$290,068$166,369$791,031
53$1,010,436$244,862$112,523$801,548
54$1,052,209$195,569$55,001$812,084
55$1,096,313$141,930$0$822,661
56$1,142,923$83,672$0$833,715
57$1,192,234$20,504$0$848,656
58$1,244,456$0$0$864,009
59$1,299,818$0$0$895,642
60$1,358,573$0$0$936,416
61$1,420,995$0$0$979,756
62$1,487,385$0$0$1,025,873
63$1,558,073$0$0$1,074,998
64$1,633,419$0$0$1,127,386
65$1,713,818$0$0$1,183,313
66$1,799,701$0$0$1,243,085
67$1,891,544$0$0$1,307,034
68$1,989,865$0$0$1,375,526
69$2,095,234$0$0$1,448,963
70$2,208,276$0$0$1,527,783
71$2,329,678$0$0$1,612,471
72$2,460,192$0$0$1,703,556
73$2,600,644$0$0$1,801,619
74$2,751,942$0$0$1,907,301
75$2,915,082$0$0$2,021,303
76$3,091,160$0$0$2,144,395
77$3,281,377$0$0$2,277,426
78$3,487,057$0$0$2,421,327
79$3,709,652$0$0$2,577,121
80$3,950,760$0$0$2,745,934
81$4,212,136$0$0$2,929,003
82$4,495,712$0$0$3,127,689
83$4,803,612$0$0$3,343,489
84$5,138,173$0$0$3,578,048
85$5,501,962$0$0$3,833,179
86$5,897,809$0$0$4,110,874
87$6,328,824$0$0$4,413,325
88$6,798,429$0$0$4,742,944
89$7,310,392$0$0$5,102,388
90$7,868,859$0$0$5,494,579
91$8,478,392$0$0$5,922,733
92$9,144,016$0$0$6,390,392
93$9,871,260$0$0$6,901,453
94$10,666,211$0$0$7,460,209
95$11,535,572$0$0$8,071,384
96$12,486,721$0$0$8,740,182
97$13,527,785$0$0$9,472,330
98$14,667,712$0$0$10,274,138
99$15,916,354$0$0$11,152,553
100$17,284,562$0$0$12,115,226