Can I retire at age 40 with 595,000?

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 $595,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$49,135$48,697$48,270$47,853$47,446$46,187
2 years$24,324$23,871$23,432$23,006$22,593$21,333
3 years$16,055$15,600$15,162$14,740$14,334$13,113
4 years$11,921$11,468$11,034$10,620$10,223$9,050
5 years$9,442$8,991$8,563$8,157$7,772$6,650
6 years$7,789$7,342$6,920$6,523$6,149$5,080
7 years$6,609$6,165$5,751$5,363$5,001$3,985
8 years$5,725$5,285$4,877$4,499$4,149$3,184
9 years$5,037$4,602$4,201$3,832$3,494$2,581
10 years$4,487$4,056$3,662$3,303$2,977$2,114
11 years$4,038$3,611$3,224$2,875$2,560$1,746
12 years$3,663$3,241$2,861$2,522$2,219$1,451
13 years$3,347$2,929$2,556$2,226$1,935$1,213
14 years$3,076$2,662$2,297$1,976$1,696$1,018
15 years$2,841$2,432$2,074$1,762$1,493$858
16 years$2,636$2,231$1,880$1,578$1,320$725
17 years$2,455$2,055$1,711$1,418$1,170$614
18 years$2,295$1,899$1,562$1,278$1,041$521
19 years$2,151$1,760$1,430$1,155$927$443
20 years$2,022$1,635$1,312$1,046$828$377
21 years$1,906$1,523$1,207$949$741$321
22 years$1,800$1,422$1,112$863$664$274
23 years$1,703$1,330$1,027$786$596$234
24 years$1,615$1,246$950$717$536$200
25 years$1,534$1,169$880$655$482$171
26 years$1,459$1,099$816$599$435$146
27 years$1,390$1,034$758$548$392$125
28 years$1,326$975$704$502$354$107
29 years$1,267$919$655$460$319$92
30 years$1,211$868$611$422$288$79
31 years$1,159$821$569$388$261$68
32 years$1,111$777$531$357$236$58
33 years$1,066$735$496$328$213$50
34 years$1,023$697$463$302$193$43
35 years$983$661$433$278$175$37
36 years$945$628$405$256$159$31
37 years$909$596$379$236$144$27
38 years$876$566$355$217$130$23
39 years$844$539$333$200$118$20
40 years$813$512$312$185$107$17
41 years$785$488$292$170$97$15
42 years$758$465$274$157$88$13
43 years$732$443$257$145$80$11
44 years$707$422$242$134$73$9
45 years$683$402$227$124$66$8
46 years$661$384$213$114$60$7
47 years$640$366$200$106$54$6
48 years$619$350$188$98$49$5
49 years$600$334$177$90$45$4
50 years$581$319$166$83$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $595,000, adding $3,660 every year, while hoping to spend $29,043 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: 65/23/12 Blend
39$595,000$595,000$595,000$595,000
40$659,465$627,930$618,708$700,300
41$695,829$627,797$608,533$727,883
42$734,929$626,684$597,044$754,276
43$777,013$624,513$584,166$782,381
44$822,353$621,200$569,821$812,365
45$871,250$616,655$553,927$844,409
46$924,033$610,786$536,398$878,718
47$981,063$603,493$517,146$915,513
48$1,042,737$594,670$496,076$955,045
49$1,109,493$584,206$473,091$997,585
50$1,181,810$571,981$448,089$1,043,437
51$1,260,216$557,870$420,962$1,092,936
52$1,345,293$541,740$391,599$1,146,452
53$1,437,679$523,451$359,883$1,204,393
54$1,538,076$502,854$325,693$1,267,213
55$1,647,256$479,790$288,900$1,335,410
56$1,766,070$454,094$249,372$1,409,537
57$1,895,453$425,589$206,970$1,490,204
58$2,036,435$394,088$161,549$1,578,087
59$2,190,147$359,394$112,957$1,673,928
60$2,357,837$321,299$61,036$1,778,553
61$2,540,876$279,583$5,621$1,892,870
62$2,740,776$234,013$0$2,017,883
63$2,959,198$184,342$0$2,161,556
64$3,197,973$130,313$0$2,319,473
65$3,459,118$71,649$0$2,492,293
66$3,744,849$8,061$0$2,681,534
67$4,057,612$0$0$2,888,873
68$4,400,097$0$0$3,131,535
69$4,775,266$0$0$3,399,631
70$5,186,382$0$0$3,693,456
71$5,637,040$0$0$4,015,583
72$6,131,197$0$0$4,368,847
73$6,673,212$0$0$4,756,370
74$7,267,886$0$0$5,181,591
75$7,920,508$0$0$5,648,295
76$8,636,904$0$0$6,160,657
77$9,423,490$0$0$6,723,271
78$10,287,335$0$0$7,341,199
79$11,236,225$0$0$8,020,019
80$12,278,739$0$0$8,765,875
81$13,424,327$0$0$9,585,534
82$14,683,399$0$0$10,486,452
83$16,067,424$0$0$11,476,845
84$17,589,040$0$0$12,565,762
85$19,262,166$0$0$13,763,174
86$21,102,141$0$0$15,080,068
87$23,125,864$0$0$16,528,545
88$25,351,952$0$0$18,121,942
89$27,800,920$0$0$19,874,951
90$30,495,369$0$0$21,803,762
91$33,460,202$0$0$23,926,210
92$36,722,860$0$0$26,261,949
93$40,313,574$0$0$28,832,635
94$44,265,659$0$0$31,662,127
95$48,615,819$0$0$34,776,718
96$53,404,499$0$0$38,205,376
97$58,676,266$0$0$41,980,023
98$64,480,226$0$0$46,135,830
99$70,870,487$0$0$50,711,557
100$77,906,673$0$0$55,749,908