Can I retire at age 40 with 502,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $502,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$41,455$41,085$40,725$40,374$40,030$39,465
2 years$20,522$20,140$19,770$19,410$19,062$18,493
3 years$13,546$13,162$12,792$12,436$12,094$11,539
4 years$10,058$9,675$9,309$8,960$8,625$8,090
5 years$7,966$7,585$7,224$6,882$6,557$6,042
6 years$6,572$6,194$5,838$5,504$5,188$4,694
7 years$5,576$5,202$4,852$4,525$4,219$3,746
8 years$4,830$4,459$4,115$3,796$3,500$3,049
9 years$4,250$3,882$3,544$3,233$2,948$2,517
10 years$3,786$3,422$3,090$2,787$2,512$2,101
11 years$3,407$3,046$2,720$2,425$2,160$1,770
12 years$3,091$2,734$2,414$2,127$1,872$1,501
13 years$2,824$2,471$2,157$1,878$1,632$1,281
14 years$2,595$2,246$1,938$1,667$1,431$1,098
15 years$2,397$2,052$1,750$1,487$1,260$945
16 years$2,224$1,883$1,586$1,331$1,114$816
17 years$2,071$1,734$1,443$1,196$987$707
18 years$1,936$1,602$1,318$1,078$878$614
19 years$1,815$1,485$1,206$974$782$534
20 years$1,706$1,380$1,107$882$699$465
21 years$1,608$1,285$1,018$801$625$406
22 years$1,519$1,200$939$728$561$355
23 years$1,437$1,122$867$663$503$310
24 years$1,363$1,051$801$605$452$272
25 years$1,294$987$742$552$407$238
26 years$1,231$927$688$505$367$209
27 years$1,173$873$639$462$331$183
28 years$1,119$822$594$423$298$161
29 years$1,069$776$553$388$269$142
30 years$1,022$733$515$356$243$124
31 years$978$693$480$327$220$109
32 years$937$655$448$301$199$96
33 years$899$621$418$277$180$85
34 years$863$588$391$255$163$75
35 years$829$558$365$234$148$66
36 years$797$529$342$216$134$58
37 years$767$503$320$199$121$51
38 years$739$478$300$183$110$45
39 years$712$454$281$169$100$40
40 years$686$432$263$156$90$35
41 years$662$412$247$144$82$31
42 years$639$392$231$133$74$27
43 years$617$373$217$122$68$24
44 years$596$356$204$113$61$21
45 years$577$339$191$104$56$19
46 years$558$324$180$96$51$16
47 years$540$309$169$89$46$14
48 years$522$295$159$82$42$13
49 years$506$282$149$76$38$11
50 years$490$269$140$70$34$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $502,000, adding $2,609 every year, while hoping to spend $25,134 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: 37/49/14 Blend
39$502,000$502,000$502,000$502,000
40$555,895$529,289$521,508$573,999
41$585,854$528,482$512,236$586,413
42$618,026$526,793$501,811$597,211
43$652,611$524,152$490,168$608,328
44$689,828$520,485$477,239$619,807
45$729,916$515,715$462,952$631,694
46$773,139$509,757$447,233$644,045
47$819,787$502,523$430,003$656,919
48$870,179$493,920$411,182$670,388
49$924,664$483,849$390,683$684,531
50$983,627$472,205$368,419$699,438
51$1,047,491$458,876$344,294$715,210
52$1,116,720$443,746$318,213$731,963
53$1,191,826$426,690$290,073$749,826
54$1,273,370$407,576$259,769$768,947
55$1,361,971$386,264$227,188$789,488
56$1,458,308$362,608$192,216$811,636
57$1,563,131$336,451$154,730$835,597
58$1,677,262$307,629$114,605$861,604
59$1,801,608$275,967$71,709$889,918
60$1,937,164$241,282$25,904$920,832
61$2,085,029$203,379$0$954,671
62$2,246,409$162,052$0$995,233
63$2,422,635$117,084$0$1,043,847
64$2,615,168$68,246$0$1,097,118
65$2,825,622$15,296$0$1,155,577
66$3,055,768$0$0$1,219,816
67$3,307,560$0$0$1,313,150
68$3,583,148$0$0$1,424,401
69$3,884,900$0$0$1,546,285
70$4,215,423$0$0$1,679,863
71$4,577,589$0$0$1,826,306
72$4,974,559$0$0$1,986,902
73$5,409,818$0$0$2,163,070
74$5,887,200$0$0$2,356,372
75$6,410,931$0$0$2,568,529
76$6,985,665$0$0$2,801,439
77$7,616,527$0$0$3,057,190
78$8,309,165$0$0$3,338,082
79$9,069,797$0$0$3,646,650
80$9,905,277$0$0$3,985,688
81$10,823,152$0$0$4,358,270
82$11,831,737$0$0$4,767,785
83$12,940,194$0$0$5,217,968
84$14,158,615$0$0$5,712,932
85$15,498,118$0$0$6,257,207
86$16,970,953$0$0$6,855,788
87$18,590,616$0$0$7,514,175
88$20,371,976$0$0$8,238,429
89$22,331,416$0$0$9,035,228
90$24,486,986$0$0$9,911,929
91$26,858,574$0$0$10,876,640
92$29,468,093$0$0$11,938,293
93$32,339,685$0$0$13,106,730
94$35,499,955$0$0$14,392,795
95$38,978,212$0$0$15,808,438
96$42,806,756$0$0$17,366,826
97$47,021,173$0$0$19,082,466
98$51,660,677$0$0$20,971,344
99$56,768,476$0$0$23,051,075
100$62,392,180$0$0$25,341,069