Can I retire at age 40 with 594,000?

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 $594,000?

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$49,052$48,615$48,189$47,773$47,366$46,989
2 years$24,283$23,831$23,393$22,968$22,555$22,175
3 years$16,028$15,574$15,137$14,716$14,310$13,939
4 years$11,901$11,448$11,016$10,602$10,206$9,846
5 years$9,426$8,976$8,549$8,143$7,758$7,411
6 years$7,776$7,329$6,908$6,512$6,139$5,805
7 years$6,598$6,155$5,741$5,354$4,993$4,672
8 years$5,715$5,276$4,869$4,491$4,142$3,834
9 years$5,029$4,594$4,193$3,826$3,488$3,194
10 years$4,480$4,049$3,656$3,298$2,972$2,691
11 years$4,031$3,605$3,219$2,870$2,556$2,287
12 years$3,657$3,235$2,856$2,517$2,215$1,959
13 years$3,341$2,924$2,552$2,222$1,932$1,688
14 years$3,071$2,658$2,293$1,973$1,693$1,461
15 years$2,836$2,428$2,070$1,759$1,491$1,271
16 years$2,632$2,228$1,877$1,575$1,318$1,109
17 years$2,451$2,051$1,708$1,415$1,168$970
18 years$2,291$1,896$1,559$1,276$1,039$851
19 years$2,148$1,757$1,427$1,153$926$749
20 years$2,019$1,633$1,310$1,044$827$660
21 years$1,902$1,521$1,205$947$740$582
22 years$1,797$1,420$1,111$861$663$515
23 years$1,701$1,328$1,025$785$595$455
24 years$1,612$1,244$948$716$535$404
25 years$1,531$1,167$878$653$482$358
26 years$1,457$1,097$815$597$434$318
27 years$1,388$1,033$756$547$391$282
28 years$1,324$973$703$501$353$251
29 years$1,264$918$654$460$319$223
30 years$1,209$867$610$422$288$199
31 years$1,157$819$568$387$260$177
32 years$1,109$775$530$356$235$157
33 years$1,064$734$495$327$213$140
34 years$1,021$696$463$301$193$125
35 years$981$660$432$277$175$111
36 years$943$626$405$255$158$99
37 years$908$595$379$235$144$89
38 years$874$565$355$217$130$79
39 years$842$538$332$200$118$71
40 years$812$512$311$184$107$63
41 years$783$487$292$170$97$56
42 years$756$464$274$157$88$50
43 years$730$442$257$145$80$45
44 years$706$421$241$134$73$40
45 years$682$402$227$124$66$36
46 years$660$383$213$114$60$32
47 years$639$366$200$105$54$28
48 years$618$349$188$97$49$25
49 years$599$333$177$90$45$23
50 years$580$318$166$83$41$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $594,000, adding $6,194 every year, while hoping to spend $42,550 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: 54/23/23 Blend
39$594,000$594,000$594,000$594,000
40$660,977$629,495$620,288$692,185
41$683,124$615,068$595,795$699,887
42$706,104$598,507$569,055$703,315
43$729,956$579,664$539,948$706,153
44$754,724$558,380$508,349$708,358
45$780,454$534,488$474,127$709,886
46$807,193$507,811$437,143$710,690
47$834,995$478,161$397,255$710,722
48$863,914$445,341$354,313$709,933
49$894,011$409,141$308,161$708,270
50$925,351$369,340$258,634$705,679
51$958,002$325,702$205,564$702,105
52$992,038$277,982$148,771$697,490
53$1,027,541$225,918$88,069$691,775
54$1,064,596$169,233$23,265$684,898
55$1,103,296$107,637$0$676,797
56$1,143,742$40,821$0$678,669
57$1,186,042$0$0$686,011
58$1,230,315$0$0$701,077
59$1,276,688$0$0$727,694
60$1,325,298$0$0$755,612
61$1,376,296$0$0$784,919
62$1,429,843$0$0$815,710
63$1,486,118$0$0$848,090
64$1,545,310$0$0$882,172
65$1,607,631$0$0$918,079
66$1,673,305$0$0$955,946
67$1,742,583$0$0$995,917
68$1,815,732$0$0$1,038,153
69$1,893,048$0$0$1,082,828
70$1,974,851$0$0$1,130,132
71$2,061,493$0$0$1,180,271
72$2,153,357$0$0$1,233,473
73$2,250,860$0$0$1,289,985
74$2,354,462$0$0$1,350,079
75$2,464,662$0$0$1,414,050
76$2,582,009$0$0$1,482,223
77$2,707,104$0$0$1,554,955
78$2,840,602$0$0$1,632,633
79$2,983,224$0$0$1,715,686
80$3,135,760$0$0$1,804,580
81$3,299,074$0$0$1,899,829
82$3,474,115$0$0$2,001,996
83$3,661,924$0$0$2,111,698
84$3,863,644$0$0$2,229,613
85$4,080,527$0$0$2,356,485
86$4,313,951$0$0$2,493,130
87$4,565,425$0$0$2,640,446
88$4,836,611$0$0$2,799,419
89$5,129,331$0$0$2,971,130
90$5,445,590$0$0$3,156,770
91$5,787,588$0$0$3,357,647
92$6,157,747$0$0$3,575,199
93$6,558,726$0$0$3,811,005
94$6,993,451$0$0$4,066,804
95$7,465,139$0$0$4,344,508
96$7,977,327$0$0$4,646,219
97$8,533,907$0$0$4,974,249
98$9,139,158$0$0$5,331,143
99$9,797,792$0$0$5,719,700
100$10,514,989$0$0$6,143,000