Can I retire at age 40 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$47,896$47,469$47,053$46,647$46,250$45,224
2 years$23,711$23,269$22,841$22,426$22,024$20,995
3 years$15,650$15,207$14,780$14,369$13,973$12,974
4 years$11,621$11,179$10,756$10,352$9,966$9,004
5 years$9,204$8,764$8,347$7,951$7,576$6,654
6 years$7,593$7,157$6,746$6,359$5,994$5,114
7 years$6,443$6,010$5,606$5,228$4,875$4,036
8 years$5,580$5,152$4,754$4,385$4,044$3,247
9 years$4,910$4,486$4,095$3,735$3,406$2,649
10 years$4,374$3,954$3,570$3,220$2,902$2,184
11 years$3,936$3,520$3,143$2,802$2,496$1,817
12 years$3,571$3,159$2,789$2,458$2,163$1,521
13 years$3,263$2,855$2,492$2,170$1,886$1,281
14 years$2,998$2,595$2,239$1,926$1,653$1,083
15 years$2,770$2,371$2,022$1,718$1,456$920
16 years$2,570$2,175$1,833$1,538$1,287$783
17 years$2,393$2,003$1,668$1,382$1,141$669
18 years$2,237$1,851$1,522$1,246$1,014$572
19 years$2,097$1,715$1,394$1,125$904$490
20 years$1,971$1,594$1,279$1,019$808$421
21 years$1,858$1,485$1,177$925$723$362
22 years$1,754$1,386$1,084$841$648$311
23 years$1,660$1,296$1,001$766$581$268
24 years$1,574$1,215$926$699$523$231
25 years$1,495$1,140$858$638$470$200
26 years$1,422$1,071$795$583$424$172
27 years$1,355$1,008$739$534$382$149
28 years$1,293$950$687$489$345$129
29 years$1,235$896$639$449$311$111
30 years$1,181$846$595$412$281$96
31 years$1,130$800$555$378$254$83
32 years$1,083$757$518$348$230$72
33 years$1,039$717$483$320$208$62
34 years$997$680$452$294$188$54
35 years$958$645$422$271$171$47
36 years$921$612$395$249$155$40
37 years$886$581$370$230$140$35
38 years$854$552$346$212$127$30
39 years$822$525$324$195$115$26
40 years$793$500$304$180$104$23
41 years$765$476$285$166$95$20
42 years$738$453$267$153$86$17
43 years$713$431$251$142$78$15
44 years$689$411$236$131$71$13
45 years$666$392$221$121$64$11
46 years$644$374$208$111$58$10
47 years$624$357$195$103$53$8
48 years$604$341$183$95$48$7
49 years$585$326$172$88$44$6
50 years$566$311$162$81$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $580,000, adding $2,052 every year, while hoping to spend $34,599 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: 54/21/25 Blend
39$580,000$580,000$580,000$580,000
40$641,277$610,537$601,547$671,375
41$669,874$603,640$584,885$685,439
42$700,228$595,246$566,506$696,990
43$732,483$585,244$546,316$708,852
44$766,793$573,518$524,214$721,067
45$803,331$559,945$500,100$733,683
46$842,283$544,394$473,866$746,755
47$883,853$526,727$445,398$760,346
48$928,267$506,798$414,580$774,526
49$975,771$484,451$381,288$789,376
50$1,026,633$459,524$345,396$804,988
51$1,081,151$431,841$306,767$821,465
52$1,139,648$401,221$265,264$838,923
53$1,202,481$367,470$220,739$857,495
54$1,270,040$330,382$173,040$877,328
55$1,342,755$289,742$122,008$898,589
56$1,421,097$245,320$67,476$921,465
57$1,505,583$196,875$9,270$946,166
58$1,596,782$144,151$0$972,928
59$1,695,319$86,880$0$1,016,111
60$1,801,880$24,775$0$1,065,468
61$1,917,220$0$0$1,118,906
62$2,042,168$0$0$1,186,662
63$2,177,636$0$0$1,266,376
64$2,324,628$0$0$1,352,920
65$2,484,247$0$0$1,446,947
66$2,657,706$0$0$1,549,181
67$2,846,340$0$0$1,660,414
68$3,051,617$0$0$1,781,518
69$3,275,154$0$0$1,913,456
70$3,518,728$0$0$2,057,283
71$3,784,296$0$0$2,214,162
72$4,074,011$0$0$2,385,376
73$4,390,245$0$0$2,572,332
74$4,735,605$0$0$2,776,582
75$5,112,966$0$0$2,999,836
76$5,525,489$0$0$3,243,972
77$5,976,656$0$0$3,511,062
78$6,470,300$0$0$3,803,386
79$7,010,642$0$0$4,123,453
80$7,602,332$0$0$4,474,030
81$8,250,486$0$0$4,858,160
82$8,960,743$0$0$5,279,196
83$9,739,311$0$0$5,740,831
84$10,593,026$0$0$6,247,133
85$11,529,420$0$0$6,802,580
86$12,556,787$0$0$7,412,108
87$13,684,263$0$0$8,081,151
88$14,921,913$0$0$8,815,696
89$16,280,821$0$0$9,622,338
90$17,773,200$0$0$10,508,342
91$19,412,501$0$0$11,481,711
92$21,213,543$0$0$12,551,261
93$23,192,652$0$0$13,726,706
94$25,367,813$0$0$15,018,745
95$27,758,840$0$0$16,439,168
96$30,387,562$0$0$18,000,961
97$33,278,029$0$0$19,718,435
98$36,456,739$0$0$21,607,355
99$39,952,884$0$0$23,685,091
100$43,798,629$0$0$25,970,779