Can I retire at age 40 with 583,000?

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 $583,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$48,144$47,715$47,296$46,888$46,489$46,119
2 years$23,833$23,390$22,959$22,542$22,138$21,765
3 years$15,731$15,285$14,856$14,443$14,045$13,680
4 years$11,681$11,236$10,812$10,405$10,017$9,664
5 years$9,251$8,809$8,390$7,992$7,615$7,274
6 years$7,632$7,194$6,781$6,392$6,025$5,697
7 years$6,476$6,041$5,635$5,255$4,900$4,585
8 years$5,609$5,178$4,779$4,408$4,065$3,763
9 years$4,935$4,509$4,116$3,755$3,423$3,135
10 years$4,397$3,974$3,588$3,237$2,917$2,641
11 years$3,956$3,538$3,159$2,817$2,509$2,245
12 years$3,590$3,176$2,804$2,471$2,174$1,923
13 years$3,279$2,870$2,505$2,181$1,896$1,656
14 years$3,014$2,609$2,251$1,936$1,662$1,434
15 years$2,784$2,383$2,032$1,727$1,463$1,247
16 years$2,583$2,186$1,842$1,546$1,293$1,088
17 years$2,406$2,013$1,676$1,389$1,147$952
18 years$2,248$1,861$1,530$1,252$1,020$836
19 years$2,108$1,724$1,401$1,131$909$735
20 years$1,981$1,602$1,286$1,025$812$648
21 years$1,867$1,493$1,183$930$726$572
22 years$1,764$1,393$1,090$845$651$505
23 years$1,669$1,303$1,006$770$584$447
24 years$1,583$1,221$931$702$525$396
25 years$1,503$1,146$862$641$473$351
26 years$1,430$1,077$800$586$426$312
27 years$1,362$1,013$742$537$384$277
28 years$1,299$955$690$492$346$246
29 years$1,241$901$642$451$313$219
30 years$1,187$851$598$414$283$195
31 years$1,136$804$558$380$256$173
32 years$1,089$761$520$349$231$154
33 years$1,044$721$486$321$209$138
34 years$1,002$683$454$296$189$123
35 years$963$648$424$272$172$109
36 years$926$615$397$251$155$98
37 years$891$584$372$231$141$87
38 years$858$555$348$213$128$78
39 years$827$528$326$196$116$69
40 years$797$502$306$181$105$62
41 years$769$478$287$167$95$55
42 years$742$455$269$154$86$49
43 years$717$434$252$142$78$44
44 years$693$413$237$131$71$39
45 years$670$394$222$121$65$35
46 years$648$376$209$112$59$31
47 years$627$359$196$104$53$28
48 years$607$343$184$96$48$25
49 years$588$327$173$88$44$22
50 years$569$313$163$82$40$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $583,000, adding $4,462 every year, while hoping to spend $31,708 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: 73/18/9 Blend
39$583,000$583,000$583,000$583,000
40$647,069$616,170$607,133$692,961
41$679,332$612,625$593,735$720,309
42$713,825$607,844$578,825$745,859
43$750,739$601,732$562,320$772,960
44$790,287$594,190$544,131$801,757
45$832,704$585,112$524,166$832,409
46$878,243$574,387$502,330$865,091
47$927,187$561,895$478,521$899,998
48$979,843$547,510$452,634$937,344
49$1,036,549$531,101$424,560$977,367
50$1,097,678$512,525$394,183$1,020,327
51$1,163,637$491,634$361,384$1,066,514
52$1,234,874$468,271$326,036$1,116,247
53$1,311,883$442,268$288,010$1,169,879
54$1,395,205$413,449$247,168$1,227,801
55$1,485,435$381,627$203,368$1,290,442
56$1,583,228$346,606$156,459$1,358,279
57$1,689,304$308,176$106,287$1,431,835
58$1,804,454$266,118$52,689$1,511,693
59$1,929,548$220,198$0$1,598,491
60$2,065,546$170,171$0$1,693,372
61$2,213,499$115,777$0$1,802,111
62$2,374,567$56,741$0$1,920,524
63$2,550,027$0$0$2,049,582
64$2,741,280$0$0$2,191,787
65$2,949,872$0$0$2,359,167
66$3,177,504$0$0$2,541,851
67$3,426,047$0$0$2,741,342
68$3,697,561$0$0$2,959,299
69$3,994,314$0$0$3,197,545
70$4,318,803$0$0$3,458,088
71$4,673,778$0$0$3,743,141
72$5,062,266$0$0$4,055,137
73$5,487,600$0$0$4,396,757
74$5,953,451$0$0$4,770,955
75$6,463,862$0$0$5,180,982
76$7,023,284$0$0$5,630,418
77$7,636,620$0$0$6,123,207
78$8,309,271$0$0$6,663,694
79$9,047,185$0$0$7,256,661
80$9,856,912$0$0$7,907,379
81$10,745,669$0$0$8,621,652
82$11,721,405$0$0$9,405,874
83$12,792,876$0$0$10,267,088
84$13,969,728$0$0$11,213,054
85$15,262,586$0$0$12,252,318
86$16,683,155$0$0$13,394,295
87$18,244,332$0$0$14,649,361
88$19,960,323$0$0$16,028,941
89$21,846,779$0$0$17,545,627
90$23,920,945$0$0$19,213,290
91$26,201,819$0$0$21,047,212
92$28,710,331$0$0$23,064,230
93$31,469,543$0$0$25,282,895
94$34,504,863$0$0$27,723,646
95$37,844,288$0$0$30,409,004
96$41,518,661$0$0$33,363,781
97$45,561,969$0$0$36,615,317
98$50,011,660$0$0$40,193,735
99$54,908,993$0$0$44,132,227
100$60,299,433$0$0$48,467,365