Can I retire at age 40 with 598,000?

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 $598,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$49,382$48,942$48,513$48,094$47,685$47,227
2 years$24,447$23,991$23,550$23,122$22,707$22,245
3 years$16,136$15,679$15,238$14,815$14,406$13,955
4 years$11,981$11,525$11,090$10,673$10,275$9,838
5 years$9,489$9,036$8,606$8,198$7,811$7,390
6 years$7,828$7,379$6,955$6,556$6,180$5,776
7 years$6,643$6,197$5,780$5,390$5,026$4,638
8 years$5,754$5,312$4,902$4,522$4,170$3,798
9 years$5,062$4,625$4,222$3,851$3,512$3,156
10 years$4,510$4,076$3,681$3,320$2,992$2,652
11 years$4,058$3,629$3,240$2,889$2,573$2,249
12 years$3,682$3,257$2,876$2,534$2,230$1,922
13 years$3,364$2,944$2,569$2,237$1,945$1,651
14 years$3,091$2,676$2,308$1,986$1,705$1,426
15 years$2,856$2,444$2,084$1,771$1,501$1,237
16 years$2,649$2,243$1,890$1,586$1,326$1,076
17 years$2,468$2,065$1,720$1,425$1,176$939
18 years$2,306$1,908$1,570$1,284$1,046$822
19 years$2,162$1,769$1,437$1,160$932$721
20 years$2,032$1,644$1,319$1,051$833$633
21 years$1,915$1,531$1,213$954$745$557
22 years$1,809$1,429$1,118$867$668$491
23 years$1,712$1,337$1,032$790$599$433
24 years$1,623$1,252$955$720$539$383
25 years$1,542$1,175$884$658$485$338
26 years$1,467$1,105$820$602$437$299
27 years$1,397$1,039$762$551$394$265
28 years$1,333$979$708$504$355$235
29 years$1,273$924$659$463$321$208
30 years$1,217$873$614$425$290$185
31 years$1,165$825$572$390$262$164
32 years$1,117$781$534$358$237$145
33 years$1,071$739$498$330$215$129
34 years$1,028$701$466$303$194$115
35 years$988$665$435$279$176$102
36 years$950$631$407$257$159$91
37 years$914$599$381$237$144$81
38 years$880$569$357$218$131$72
39 years$848$541$334$201$119$64
40 years$818$515$313$186$108$57
41 years$789$490$294$171$98$50
42 years$761$467$276$158$89$45
43 years$735$445$259$146$80$40
44 years$711$424$243$135$73$35
45 years$687$404$228$124$66$32
46 years$664$386$214$115$60$28
47 years$643$368$201$106$55$25
48 years$622$351$189$98$50$22
49 years$603$336$178$91$45$20
50 years$584$321$167$84$41$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $598,000, adding $3,035 every year, while hoping to spend $44,224 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: 24/50/26 Blend
39$598,000$598,000$598,000$598,000
40$662,127$630,433$621,164$672,513
41$682,610$614,270$594,919$665,296
42$703,699$595,833$566,312$653,603
43$725,412$574,964$535,219$640,132
44$747,762$551,495$501,506$624,766
45$770,764$525,249$465,038$607,378
46$794,436$496,039$425,670$587,837
47$818,790$463,668$383,252$566,001
48$843,844$427,924$337,628$541,723
49$869,611$388,588$288,634$514,847
50$896,108$345,425$236,099$485,209
51$923,347$298,187$179,845$452,634
52$951,344$246,613$119,685$416,939
53$980,111$190,428$55,425$377,931
54$1,009,662$129,339$0$335,406
55$1,040,010$63,038$0$292,797
56$1,071,164$0$0$262,875
57$1,103,136$0$0$234,912
58$1,135,935$0$0$241,796
59$1,169,568$0$0$248,844
60$1,204,042$0$0$256,056
61$1,239,359$0$0$263,432
62$1,275,523$0$0$270,969
63$1,312,533$0$0$278,667
64$1,350,385$0$0$286,521
65$1,389,074$0$0$294,528
66$1,428,588$0$0$302,684
67$1,468,915$0$0$310,983
68$1,510,035$0$0$319,416
69$1,551,926$0$0$327,977
70$1,594,556$0$0$336,654
71$1,637,892$0$0$345,436
72$1,681,890$0$0$354,308
73$1,726,499$0$0$363,255
74$1,771,659$0$0$372,257
75$1,817,301$0$0$381,295
76$1,863,343$0$0$390,343
77$1,909,694$0$0$399,374
78$1,956,245$0$0$408,356
79$2,002,875$0$0$417,254
80$2,049,445$0$0$426,028
81$2,095,796$0$0$434,633
82$2,141,751$0$0$443,018
83$2,187,107$0$0$451,125
84$2,231,636$0$0$458,892
85$2,275,083$0$0$466,246
86$2,317,159$0$0$473,107
87$2,357,543$0$0$479,386
88$2,395,874$0$0$484,983
89$2,431,746$0$0$489,788
90$2,464,710$0$0$493,675
91$2,494,261$0$0$496,508
92$2,519,838$0$0$498,132
93$2,540,816$0$0$498,378
94$2,556,498$0$0$497,057
95$2,566,109$0$0$493,958
96$2,568,790$0$0$488,848
97$2,563,584$0$0$481,469
98$2,549,429$0$0$471,534
99$2,525,148$0$0$458,726
100$2,489,434$0$0$442,693