Can I retire at age 40 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$47,153$46,733$46,323$45,923$45,532$44,796
2 years$23,343$22,908$22,487$22,078$21,682$20,943
3 years$15,407$14,971$14,550$14,146$13,756$13,036
4 years$11,440$11,005$10,589$10,191$9,811$9,116
5 years$9,061$8,628$8,218$7,828$7,458$6,790
6 years$7,475$7,046$6,641$6,260$5,901$5,262
7 years$6,343$5,917$5,519$5,147$4,799$4,188
8 years$5,494$5,072$4,680$4,317$3,982$3,398
9 years$4,834$4,416$4,031$3,677$3,353$2,797
10 years$4,306$3,892$3,514$3,170$2,857$2,328
11 years$3,875$3,465$3,094$2,759$2,457$1,955
12 years$3,516$3,110$2,746$2,420$2,129$1,653
13 years$3,212$2,811$2,453$2,136$1,857$1,406
14 years$2,952$2,555$2,204$1,896$1,628$1,201
15 years$2,727$2,334$1,990$1,691$1,433$1,030
16 years$2,530$2,141$1,804$1,514$1,267$887
17 years$2,356$1,972$1,642$1,361$1,123$765
18 years$2,202$1,822$1,499$1,226$999$662
19 years$2,064$1,689$1,372$1,108$890$574
20 years$1,941$1,569$1,259$1,004$795$498
21 years$1,829$1,462$1,158$911$711$433
22 years$1,727$1,365$1,068$828$638$377
23 years$1,635$1,276$986$754$572$329
24 years$1,550$1,196$912$688$515$287
25 years$1,472$1,122$844$628$463$250
26 years$1,400$1,055$783$574$417$219
27 years$1,334$993$727$526$376$191
28 years$1,273$935$676$482$339$167
29 years$1,216$882$629$442$306$146
30 years$1,162$833$586$405$277$128
31 years$1,113$788$546$372$250$112
32 years$1,066$745$510$342$226$98
33 years$1,023$706$476$315$205$86
34 years$982$669$445$290$185$75
35 years$943$635$416$267$168$66
36 years$907$602$389$245$152$58
37 years$873$572$364$226$138$51
38 years$840$544$341$208$125$45
39 years$810$517$319$192$113$39
40 years$781$492$299$177$103$34
41 years$753$468$281$164$93$30
42 years$727$446$263$151$85$26
43 years$702$425$247$139$77$23
44 years$678$405$232$129$70$20
45 years$656$386$218$119$63$18
46 years$634$368$205$110$58$16
47 years$614$352$192$101$52$14
48 years$594$336$181$94$47$12
49 years$575$320$170$87$43$11
50 years$557$306$160$80$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $571,000, adding $6,716 every year, while hoping to spend $26,880 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: 55/17/28 Blend
39$571,000$571,000$571,000$571,000
40$636,170$605,907$597,056$665,898
41$672,459$606,996$588,457$688,222
42$711,549$607,238$578,670$709,191
43$753,696$606,562$567,625$731,489
44$799,184$604,895$555,251$755,252
45$848,324$602,157$541,475$780,633
46$901,455$598,265$526,217$807,802
47$958,954$593,131$509,395$836,946
48$1,021,233$586,659$490,925$868,275
49$1,088,744$578,752$470,717$902,018
50$1,161,988$569,302$448,678$938,433
51$1,241,511$558,198$424,709$977,804
52$1,327,917$545,322$398,709$1,020,445
53$1,421,869$530,547$370,570$1,066,706
54$1,524,097$513,742$340,182$1,116,972
55$1,635,404$494,764$307,427$1,171,672
56$1,756,674$473,466$272,185$1,231,280
57$1,888,879$449,690$234,327$1,296,320
58$2,033,089$423,269$193,721$1,367,373
59$2,190,482$394,028$150,229$1,445,081
60$2,362,355$361,778$103,705$1,530,155
61$2,550,135$326,325$53,999$1,623,382
62$2,755,393$287,459$952$1,725,631
63$2,979,859$244,961$0$1,837,864
64$3,225,439$198,598$0$1,977,773
65$3,494,229$148,125$0$2,131,289
66$3,788,539$93,282$0$2,299,482
67$4,110,913$33,796$0$2,483,843
68$4,464,151$0$0$2,686,017
69$4,851,339$0$0$2,913,549
70$5,275,872$0$0$3,170,013
71$5,741,493$0$0$3,451,354
72$6,252,323$0$0$3,760,068
73$6,812,902$0$0$4,098,907
74$7,428,229$0$0$4,470,899
75$8,103,812$0$0$4,879,383
76$8,845,719$0$0$5,328,034
77$9,660,633$0$0$5,820,903
78$10,555,916$0$0$6,362,450
79$11,539,681$0$0$6,957,592
80$12,620,862$0$0$7,611,742
81$13,809,303$0$0$8,330,867
82$15,115,850$0$0$9,121,539
83$16,552,453$0$0$9,990,998
84$18,132,274$0$0$10,947,222
85$19,869,819$0$0$11,999,001
86$21,781,066$0$0$13,156,019
87$23,883,624$0$0$14,428,947
88$26,196,891$0$0$15,829,540
89$28,742,240$0$0$17,370,751
90$31,543,223$0$0$19,066,855
91$34,625,789$0$0$20,933,576
92$38,018,528$0$0$22,988,242
93$41,752,946$0$0$25,249,947
94$45,863,755$0$0$27,739,728
95$50,389,204$0$0$30,480,767
96$55,371,441$0$0$33,498,606
97$60,856,907$0$0$36,821,393
98$66,896,773$0$0$40,480,141
99$73,547,428$0$0$44,509,024
100$80,871,006$0$0$48,945,700