Can I retire at age 40 with 588,000?

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 $588,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$48,556$48,124$47,702$47,290$46,888$45,533
2 years$24,038$23,590$23,156$22,736$22,328$20,973
3 years$15,866$15,416$14,984$14,567$14,166$12,854
4 years$11,781$11,333$10,904$10,495$10,103$8,845
5 years$9,331$8,885$8,462$8,061$7,680$6,479
6 years$7,697$7,255$6,839$6,446$6,077$4,933
7 years$6,531$6,093$5,683$5,300$4,942$3,856
8 years$5,657$5,223$4,820$4,446$4,100$3,071
9 years$4,978$4,547$4,151$3,787$3,453$2,480
10 years$4,434$4,008$3,619$3,264$2,942$2,023
11 years$3,990$3,568$3,186$2,841$2,530$1,665
12 years$3,620$3,203$2,828$2,492$2,193$1,379
13 years$3,308$2,894$2,526$2,200$1,912$1,148
14 years$3,040$2,631$2,270$1,953$1,676$959
15 years$2,808$2,403$2,049$1,742$1,476$805
16 years$2,605$2,205$1,858$1,559$1,304$677
17 years$2,426$2,031$1,691$1,401$1,156$571
18 years$2,268$1,877$1,543$1,263$1,028$482
19 years$2,126$1,739$1,413$1,141$917$408
20 years$1,998$1,616$1,297$1,033$819$346
21 years$1,883$1,505$1,193$938$733$294
22 years$1,779$1,405$1,099$853$657$249
23 years$1,683$1,314$1,015$777$589$212
24 years$1,596$1,231$939$708$530$180
25 years$1,516$1,156$869$647$477$153
26 years$1,442$1,086$806$591$429$131
27 years$1,374$1,022$749$541$387$111
28 years$1,311$963$696$496$349$95
29 years$1,252$909$648$455$315$81
30 years$1,197$858$603$417$285$69
31 years$1,146$811$563$383$258$59
32 years$1,098$768$525$352$233$50
33 years$1,053$727$490$324$211$43
34 years$1,011$689$458$298$191$37
35 years$971$653$428$274$173$31
36 years$934$620$400$253$157$27
37 years$899$589$375$233$142$23
38 years$865$560$351$215$129$19
39 years$834$532$329$198$117$17
40 years$804$506$308$183$106$14
41 years$776$482$289$168$96$12
42 years$749$459$271$155$87$10
43 years$723$437$254$143$79$9
44 years$699$417$239$132$72$8
45 years$675$398$224$122$65$6
46 years$653$379$211$113$59$5
47 years$632$362$198$104$54$5
48 years$612$346$186$96$49$4
49 years$593$330$175$89$44$3
50 years$574$315$164$82$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $588,000, adding $4,902 every year, while hoping to spend $39,001 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: 66/12/22 Blend
39$588,000$588,000$588,000$588,000
40$653,032$621,868$612,754$692,159
41$678,145$610,843$591,785$708,019
42$704,512$597,971$568,806$720,456
43$732,220$583,119$543,709$733,141
44$761,363$566,149$516,380$746,100
45$792,045$546,912$486,701$759,361
46$824,376$525,254$454,548$772,959
47$858,478$501,007$419,791$786,930
48$894,485$473,998$382,296$801,320
49$932,540$444,042$341,921$816,178
50$972,801$410,942$298,517$831,561
51$1,015,441$374,493$251,932$847,533
52$1,060,648$334,475$202,004$864,166
53$1,108,627$290,657$148,564$881,545
54$1,159,604$242,796$91,438$899,760
55$1,213,824$190,634$30,441$918,918
56$1,271,557$133,897$0$939,137
57$1,333,097$72,300$0$968,683
58$1,398,767$5,536$0$1,007,727
59$1,468,921$0$0$1,049,332
60$1,543,946$0$0$1,102,545
61$1,624,267$0$0$1,160,322
62$1,710,351$0$0$1,222,269
63$1,802,708$0$0$1,288,759
64$1,901,899$0$0$1,360,197
65$2,008,540$0$0$1,437,032
66$2,123,307$0$0$1,519,754
67$2,246,942$0$0$1,608,902
68$2,380,259$0$0$1,705,068
69$2,524,156$0$0$1,808,904
70$2,679,615$0$0$1,921,123
71$2,847,717$0$0$2,042,511
72$3,029,651$0$0$2,173,931
73$3,226,725$0$0$2,316,334
74$3,440,373$0$0$2,470,763
75$3,672,175$0$0$2,638,366
76$3,923,869$0$0$2,820,405
77$4,197,366$0$0$3,018,269
78$4,494,767$0$0$3,233,487
79$4,818,385$0$0$3,467,738
80$5,170,765$0$0$3,722,872
81$5,554,705$0$0$4,000,925
82$5,973,288$0$0$4,304,136
83$6,429,905$0$0$4,634,971
84$6,928,288$0$0$4,996,144
85$7,472,545$0$0$5,390,641
86$8,067,201$0$0$5,821,750
87$8,717,233$0$0$6,293,093
88$9,428,125$0$0$6,808,654
89$10,205,912$0$0$7,372,824
90$11,057,242$0$0$7,990,433
91$11,989,433$0$0$8,666,805
92$13,010,544$0$0$9,407,799
93$14,129,451$0$0$10,219,869
94$15,355,929$0$0$11,110,123
95$16,700,745$0$0$12,086,390
96$18,175,755$0$0$13,157,292
97$19,794,019$0$0$14,332,325
98$21,569,922$0$0$15,621,951
99$23,519,311$0$0$17,037,693
100$25,659,639$0$0$18,592,242