Can I retire at age 40 with 581,000?

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 $581,000?

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$47,978$47,551$47,134$46,727$46,330$45,302
2 years$23,752$23,309$22,881$22,465$22,062$21,031
3 years$15,677$15,233$14,805$14,394$13,997$12,996
4 years$11,641$11,198$10,774$10,370$9,983$9,020
5 years$9,219$8,779$8,361$7,965$7,589$6,666
6 years$7,606$7,169$6,757$6,370$6,005$5,123
7 years$6,454$6,020$5,615$5,237$4,883$4,043
8 years$5,590$5,161$4,762$4,393$4,051$3,252
9 years$4,919$4,493$4,102$3,742$3,412$2,653
10 years$4,382$3,961$3,576$3,226$2,907$2,188
11 years$3,943$3,526$3,148$2,807$2,500$1,820
12 years$3,577$3,165$2,794$2,462$2,167$1,524
13 years$3,268$2,860$2,496$2,174$1,889$1,283
14 years$3,004$2,600$2,243$1,930$1,656$1,085
15 years$2,774$2,375$2,025$1,721$1,458$921
16 years$2,574$2,179$1,836$1,541$1,289$785
17 years$2,397$2,007$1,671$1,384$1,143$670
18 years$2,241$1,854$1,525$1,248$1,016$573
19 years$2,101$1,718$1,396$1,127$906$491
20 years$1,975$1,597$1,281$1,021$809$422
21 years$1,861$1,487$1,179$927$724$363
22 years$1,758$1,388$1,086$843$649$312
23 years$1,663$1,299$1,003$767$582$269
24 years$1,577$1,217$928$700$524$232
25 years$1,498$1,142$859$639$471$200
26 years$1,425$1,073$797$584$424$173
27 years$1,357$1,010$740$535$383$149
28 years$1,295$952$688$490$345$129
29 years$1,237$898$640$449$312$111
30 years$1,183$848$596$412$282$96
31 years$1,132$801$556$379$255$83
32 years$1,085$758$519$348$230$72
33 years$1,040$718$484$320$208$62
34 years$999$681$452$295$189$54
35 years$960$646$423$271$171$47
36 years$923$613$396$250$155$40
37 years$888$582$370$230$140$35
38 years$855$553$347$212$127$30
39 years$824$526$325$196$115$26
40 years$794$500$305$180$105$23
41 years$766$476$286$166$95$20
42 years$740$454$268$154$86$17
43 years$714$432$251$142$78$15
44 years$690$412$236$131$71$13
45 years$667$393$222$121$64$11
46 years$645$375$208$112$59$10
47 years$625$358$195$103$53$8
48 years$605$341$184$95$48$7
49 years$586$326$173$88$44$6
50 years$567$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 $581,000, adding $5,081 every year, while hoping to spend $25,261 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: 50/29/21 Blend
39$581,000$581,000$581,000$581,000
40$645,503$614,710$605,705$673,754
41$684,467$617,953$599,118$697,100
42$726,558$620,509$591,464$719,470
43$772,070$622,316$582,681$743,254
44$821,323$623,312$572,703$768,594
45$874,670$623,426$561,461$795,651
46$932,500$622,588$548,884$824,600
47$995,241$620,721$534,897$855,637
48$1,063,361$617,741$519,421$888,980
49$1,137,378$613,564$502,376$924,869
50$1,217,859$608,098$483,674$963,571
51$1,305,430$601,244$463,226$1,005,380
52$1,400,778$592,900$440,939$1,050,625
53$1,504,662$582,956$416,715$1,099,669
54$1,617,913$571,296$390,450$1,152,912
55$1,741,449$557,798$362,039$1,210,799
56$1,876,278$542,332$331,369$1,273,823
57$2,023,512$524,760$298,323$1,342,528
58$2,184,373$504,936$262,780$1,417,518
59$2,360,208$482,706$224,611$1,499,460
60$2,552,497$457,908$183,685$1,589,093
61$2,762,875$430,368$139,861$1,687,232
62$2,993,136$399,904$92,994$1,794,780
63$3,245,261$366,324$42,934$1,912,738
64$3,521,427$329,423$0$2,042,208
65$3,824,034$288,987$0$2,186,763
66$4,155,725$244,786$0$2,355,821
67$4,519,410$196,582$0$2,541,281
68$4,918,294$144,119$0$2,744,832
69$5,355,909$87,130$0$2,968,338
70$5,836,143$25,330$0$3,213,854
71$6,363,279$0$0$3,483,651
72$6,942,037$0$0$3,793,499
73$7,577,614$0$0$4,142,708
74$8,275,735$0$0$4,526,347
75$9,042,709$0$0$4,947,892
76$9,885,484$0$0$5,411,170
77$10,811,715$0$0$5,920,397
78$11,829,836$0$0$6,480,221
79$12,949,138$0$0$7,095,759
80$14,179,857$0$0$7,772,650
81$15,533,272$0$0$8,517,107
82$17,021,808$0$0$9,335,976
83$18,659,155$0$0$10,236,798
84$20,460,397$0$0$11,227,884
85$22,442,153$0$0$12,318,389
86$24,622,734$0$0$13,518,401
87$27,022,315$0$0$14,839,036
88$29,663,128$0$0$16,292,541
89$32,569,667$0$0$17,892,411
90$35,768,922$0$0$19,653,515
91$39,290,630$0$0$21,592,239
92$43,167,561$0$0$23,726,636
93$47,435,822$0$0$26,076,599
94$52,135,197$0$0$28,664,048
95$57,309,529$0$0$31,513,137
96$63,007,123$0$0$34,650,483
97$69,281,210$0$0$38,105,412
98$76,190,446$0$0$41,910,242
99$83,799,465$0$0$46,100,584
100$92,179,487$0$0$50,715,680