Can I retire at age 40 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$46,740$46,323$45,917$45,521$45,134$44,849
2 years$23,138$22,708$22,290$21,885$21,492$21,205
3 years$15,272$14,840$14,423$14,022$13,636$13,355
4 years$11,340$10,909$10,496$10,102$9,725$9,453
5 years$8,981$8,553$8,146$7,759$7,393$7,130
6 years$7,409$6,984$6,583$6,205$5,850$5,597
7 years$6,287$5,865$5,470$5,102$4,757$4,514
8 years$5,446$5,027$4,639$4,280$3,947$3,713
9 years$4,792$4,377$3,996$3,645$3,324$3,100
10 years$4,269$3,858$3,484$3,142$2,832$2,618
11 years$3,841$3,435$3,067$2,735$2,436$2,231
12 years$3,485$3,083$2,722$2,399$2,111$1,916
13 years$3,184$2,786$2,432$2,118$1,840$1,655
14 years$2,926$2,532$2,185$1,880$1,613$1,437
15 years$2,703$2,313$1,973$1,677$1,421$1,252
16 years$2,508$2,123$1,789$1,501$1,255$1,096
17 years$2,336$1,955$1,628$1,349$1,113$962
18 years$2,183$1,806$1,486$1,215$990$846
19 years$2,046$1,674$1,360$1,098$882$746
20 years$1,924$1,556$1,248$995$788$659
21 years$1,813$1,449$1,148$903$705$584
22 years$1,712$1,353$1,058$821$632$518
23 years$1,620$1,265$977$748$567$459
24 years$1,536$1,185$904$682$510$408
25 years$1,459$1,112$837$623$459$363
26 years$1,388$1,045$776$569$413$323
27 years$1,322$984$721$521$373$288
28 years$1,261$927$670$477$336$257
29 years$1,205$875$624$438$304$229
30 years$1,152$826$581$402$274$205
31 years$1,103$781$541$369$248$183
32 years$1,057$739$505$339$224$163
33 years$1,014$700$472$312$203$146
34 years$973$663$441$287$184$131
35 years$935$629$412$264$167$117
36 years$899$597$385$243$151$105
37 years$865$567$361$224$137$94
38 years$833$539$338$207$124$84
39 years$803$512$317$191$112$75
40 years$774$487$297$176$102$67
41 years$747$464$278$162$93$60
42 years$721$442$261$150$84$54
43 years$696$421$245$138$76$48
44 years$672$401$230$128$69$43
45 years$650$383$216$118$63$39
46 years$629$365$203$109$57$35
47 years$608$348$190$101$52$31
48 years$589$333$179$93$47$28
49 years$570$318$168$86$43$25
50 years$553$303$158$79$39$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $566,000, adding $4,321 every year, while hoping to spend $32,876 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: 79/16/5 Blend
39$566,000$566,000$566,000$566,000
40$628,189$598,191$589,418$677,346
41$657,285$592,523$574,184$704,490
42$688,246$585,475$557,337$729,490
43$721,229$576,945$538,790$755,917
44$756,404$566,824$518,449$783,895
45$793,957$554,999$496,217$813,564
46$834,093$541,346$471,993$845,075
47$877,036$525,738$445,670$878,596
48$923,033$508,038$417,139$914,314
49$972,352$488,102$386,283$952,433
50$1,025,290$465,776$352,981$993,179
51$1,082,170$440,900$317,107$1,036,800
52$1,143,350$413,303$278,528$1,083,572
53$1,209,220$382,803$237,108$1,133,798
54$1,280,210$349,211$192,701$1,187,811
55$1,356,793$312,323$145,157$1,245,983
56$1,439,486$271,927$94,320$1,308,720
57$1,528,858$227,796$40,025$1,376,472
58$1,625,537$179,694$0$1,449,735
59$1,730,211$127,368$0$1,530,013
60$1,843,636$70,552$0$1,619,296
61$1,966,643$8,966$0$1,716,124
62$2,100,149$0$0$1,821,243
63$2,245,158$0$0$1,945,633
64$2,402,779$0$0$2,082,573
65$2,574,228$0$0$2,231,542
66$2,760,846$0$0$2,393,708
67$2,964,106$0$0$2,570,352
68$3,185,631$0$0$2,762,888
69$3,427,206$0$0$2,972,869
70$3,690,795$0$0$3,202,004
71$3,978,563$0$0$3,452,178
72$4,292,888$0$0$3,725,462
73$4,636,393$0$0$4,024,138
74$5,011,962$0$0$4,350,716
75$5,422,774$0$0$4,707,964
76$5,872,325$0$0$5,098,925
77$6,364,468$0$0$5,526,952
78$6,903,445$0$0$5,995,739
79$7,493,926$0$0$6,509,350
80$8,141,055$0$0$7,072,265
81$8,850,498$0$0$7,689,414
82$9,628,494$0$0$8,366,229
83$10,481,916$0$0$9,108,692
84$11,418,334$0$0$9,923,394
85$12,446,085$0$0$10,817,593
86$13,574,354$0$0$11,799,283
87$14,813,257$0$0$12,877,271
88$16,173,940$0$0$14,061,260
89$17,668,678$0$0$15,361,937
90$19,310,998$0$0$16,791,076
91$21,115,797$0$0$18,361,647
92$23,099,491$0$0$20,087,939
93$25,280,164$0$0$21,985,695
94$27,677,737$0$0$24,072,259
95$30,314,161$0$0$26,366,739
96$33,213,619$0$0$28,890,188
97$36,402,756$0$0$31,665,801
98$39,910,927$0$0$34,719,135
99$43,770,476$0$0$38,078,346
100$48,017,042$0$0$41,774,460