Can I retire at age 40 with 510,000?

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 $510,000?

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$42,115$41,740$41,374$41,017$40,668$40,344
2 years$20,849$20,461$20,085$19,720$19,366$19,039
3 years$13,761$13,371$12,996$12,635$12,286$11,967
4 years$10,218$9,829$9,458$9,103$8,763$8,454
5 years$8,093$7,706$7,340$6,992$6,661$6,363
6 years$6,676$6,293$5,932$5,591$5,271$4,984
7 years$5,665$5,285$4,929$4,597$4,287$4,011
8 years$4,907$4,530$4,180$3,856$3,556$3,292
9 years$4,317$3,944$3,600$3,285$2,995$2,742
10 years$3,846$3,477$3,139$2,831$2,552$2,310
11 years$3,461$3,095$2,764$2,464$2,195$1,964
12 years$3,140$2,778$2,453$2,161$1,902$1,682
13 years$2,869$2,510$2,191$1,908$1,658$1,449
14 years$2,637$2,282$1,969$1,694$1,454$1,255
15 years$2,435$2,085$1,778$1,511$1,280$1,091
16 years$2,259$1,913$1,612$1,353$1,131$952
17 years$2,104$1,761$1,466$1,215$1,003$833
18 years$1,967$1,628$1,339$1,095$892$731
19 years$1,844$1,508$1,226$990$795$643
20 years$1,733$1,402$1,125$896$710$566
21 years$1,633$1,306$1,035$813$635$500
22 years$1,543$1,219$953$740$570$442
23 years$1,460$1,140$880$674$511$391
24 years$1,384$1,068$814$614$460$346
25 years$1,315$1,002$754$561$414$307
26 years$1,251$942$699$513$372$273
27 years$1,192$887$649$470$336$242
28 years$1,137$835$604$430$303$215
29 years$1,086$788$562$395$274$192
30 years$1,038$744$523$362$247$170
31 years$994$704$488$333$224$152
32 years$952$666$455$306$202$135
33 years$913$630$425$281$183$120
34 years$877$598$397$259$166$107
35 years$842$567$371$238$150$96
36 years$810$538$347$219$136$85
37 years$779$511$325$202$123$76
38 years$751$486$304$186$112$68
39 years$723$462$285$172$101$61
40 years$697$439$267$158$92$54
41 years$673$418$251$146$83$48
42 years$649$398$235$135$76$43
43 years$627$379$221$124$69$38
44 years$606$362$207$115$62$34
45 years$586$345$194$106$57$31
46 years$567$329$183$98$51$27
47 years$548$314$172$91$47$24
48 years$531$300$161$84$42$22
49 years$514$286$152$77$38$20
50 years$498$273$143$71$35$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $510,000, adding $5,768 every year, while hoping to spend $20,090 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: 52/29/19 Blend
39$510,000$510,000$510,000$510,000
40$567,970$540,940$533,035$594,260
41$604,527$546,070$529,516$618,090
42$644,140$550,779$525,206$641,425
43$687,099$555,023$520,057$666,374
44$733,723$558,760$514,018$693,095
45$784,364$561,940$507,039$721,766
46$839,408$564,514$499,064$752,581
47$899,280$566,428$490,035$785,757
48$964,448$567,624$479,893$821,533
49$1,035,426$568,043$468,574$860,173
50$1,112,782$567,619$456,013$901,969
51$1,197,137$566,284$442,142$947,244
52$1,289,179$563,965$426,887$996,354
53$1,389,662$560,586$410,175$1,049,695
54$1,499,417$556,065$391,925$1,107,702
55$1,619,360$550,314$372,057$1,170,857
56$1,750,497$543,242$350,483$1,239,693
57$1,893,938$534,751$327,115$1,314,797
58$2,050,904$524,738$301,857$1,396,821
59$2,222,740$513,094$274,613$1,486,482
60$2,410,927$499,703$245,280$1,584,573
61$2,617,094$484,441$213,750$1,691,970
62$2,843,039$467,180$179,911$1,809,642
63$3,090,739$447,781$143,648$1,938,657
64$3,362,371$426,100$104,838$2,080,195
65$3,660,337$401,982$63,353$2,235,559
66$3,987,277$375,266$19,061$2,406,188
67$4,346,103$345,777$0$2,593,671
68$4,740,021$313,336$0$2,805,480
69$5,172,564$277,750$0$3,042,328
70$5,647,621$238,816$0$3,302,513
71$6,169,479$196,318$0$3,588,427
72$6,742,859$150,031$0$3,902,706
73$7,372,963$99,714$0$4,248,258
74$8,065,520$45,116$0$4,628,289
75$8,826,845$0$0$5,046,335
76$9,663,893$0$0$5,510,774
77$10,584,325$0$0$6,037,368
78$11,596,585$0$0$6,616,555
79$12,709,975$0$0$7,253,666
80$13,934,742$0$0$7,954,572
81$15,282,178$0$0$8,725,744
82$16,764,724$0$0$9,574,308
83$18,396,090$0$0$10,508,120
84$20,191,377$0$0$11,535,834
85$22,167,228$0$0$12,666,985
86$24,341,981$0$0$13,912,080
87$26,735,840$0$0$15,282,696
88$29,371,068$0$0$16,791,590
89$32,272,197$0$0$18,452,818
90$35,466,257$0$0$20,281,869
91$38,983,034$0$0$22,295,808
92$42,855,348$0$0$24,513,444
93$47,119,363$0$0$26,955,497
94$51,814,930$0$0$29,644,802
95$56,985,960$0$0$32,606,522
96$62,680,841$0$0$35,868,382
97$68,952,894$0$0$39,460,936
98$75,860,872$0$0$43,417,851
99$83,469,519$0$0$47,776,226
100$91,850,179$0$0$52,576,943