Can I retire at age 40 with 511,000?

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 $511,000?

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$42,198$41,822$41,455$41,097$40,748$39,666
2 years$20,890$20,501$20,124$19,758$19,404$18,322
3 years$13,788$13,398$13,022$12,659$12,311$11,262
4 years$10,238$9,849$9,476$9,120$8,780$7,773
5 years$8,109$7,721$7,354$7,005$6,674$5,711
6 years$6,689$6,305$5,943$5,602$5,281$4,363
7 years$5,676$5,295$4,939$4,606$4,295$3,422
8 years$4,916$4,539$4,188$3,864$3,563$2,735
9 years$4,326$3,952$3,608$3,291$3,001$2,216
10 years$3,854$3,483$3,145$2,837$2,557$1,815
11 years$3,468$3,101$2,769$2,469$2,199$1,499
12 years$3,146$2,783$2,457$2,166$1,906$1,247
13 years$2,874$2,515$2,195$1,912$1,662$1,042
14 years$2,642$2,286$1,973$1,697$1,457$875
15 years$2,440$2,089$1,781$1,514$1,282$737
16 years$2,264$1,916$1,615$1,355$1,133$623
17 years$2,109$1,765$1,469$1,218$1,005$527
18 years$1,971$1,631$1,341$1,097$894$447
19 years$1,847$1,511$1,228$992$796$380
20 years$1,737$1,404$1,127$898$711$324
21 years$1,637$1,308$1,037$815$637$276
22 years$1,546$1,221$955$741$571$236
23 years$1,463$1,142$882$675$512$201
24 years$1,387$1,070$816$616$460$172
25 years$1,317$1,004$756$562$414$147
26 years$1,253$944$701$514$373$126
27 years$1,194$888$651$470$336$108
28 years$1,139$837$605$431$304$92
29 years$1,088$790$563$395$274$79
30 years$1,040$746$524$363$248$68
31 years$996$705$489$333$224$58
32 years$954$667$456$306$203$50
33 years$915$632$426$282$183$43
34 years$879$599$398$259$166$37
35 years$844$568$372$238$150$31
36 years$812$539$348$220$136$27
37 years$781$512$326$202$123$23
38 years$752$486$305$187$112$20
39 years$725$463$286$172$102$17
40 years$699$440$268$159$92$15
41 years$674$419$251$146$84$13
42 years$651$399$236$135$76$11
43 years$628$380$221$125$69$9
44 years$607$362$208$115$62$8
45 years$587$346$195$106$57$7
46 years$568$330$183$98$51$6
47 years$549$315$172$91$47$5
48 years$532$300$162$84$42$4
49 years$515$287$152$77$39$4
50 years$499$274$143$72$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $511,000, adding $6,353 every year, while hoping to spend $28,197 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: 59/27/14 Blend
39$511,000$511,000$511,000$511,000
40$569,675$542,592$534,672$600,920
41$597,781$539,178$522,582$619,332
42$627,808$534,651$509,142$635,702
43$659,923$528,928$494,277$652,887
44$694,308$521,918$477,908$670,968
45$731,164$513,528$459,954$690,038
46$770,709$503,657$440,329$710,198
47$813,184$492,199$418,943$731,560
48$858,853$479,041$395,701$754,253
49$908,006$464,064$370,507$778,416
50$960,961$447,143$343,258$804,205
51$1,018,069$428,142$313,847$831,796
52$1,079,713$406,922$282,162$861,382
53$1,146,315$383,333$248,086$893,178
54$1,218,340$357,217$211,497$927,423
55$1,296,297$328,406$172,269$964,383
56$1,380,746$296,726$130,267$1,004,355
57$1,472,305$261,988$85,354$1,047,664
58$1,571,650$223,995$37,383$1,094,676
59$1,679,527$182,540$0$1,145,795
60$1,796,757$137,402$0$1,203,530
61$1,924,240$88,349$0$1,272,410
62$2,062,969$35,134$0$1,347,420
63$2,214,036$0$0$1,429,196
64$2,378,641$0$0$1,525,127
65$2,558,109$0$0$1,641,138
66$2,753,892$0$0$1,767,737
67$2,967,593$0$0$1,905,963
68$3,200,976$0$0$2,056,963
69$3,455,979$0$0$2,221,998
70$3,734,741$0$0$2,402,456
71$4,039,614$0$0$2,599,865
72$4,373,188$0$0$2,815,910
73$4,738,314$0$0$3,052,443
74$5,138,134$0$0$3,311,506
75$5,576,105$0$0$3,595,346
76$6,056,037$0$0$3,906,439
77$6,582,123$0$0$4,247,511
78$7,158,984$0$0$4,621,565
79$7,791,708$0$0$5,031,908
80$8,485,899$0$0$5,482,182
81$9,247,729$0$0$5,976,401
82$10,083,998$0$0$6,518,983
83$11,002,196$0$0$7,114,799
84$12,010,574$0$0$7,769,210
85$13,118,221$0$0$8,488,124
86$14,335,148$0$0$9,278,052
87$15,672,386$0$0$10,146,163
88$17,142,086$0$0$11,100,356
89$18,757,636$0$0$12,149,334
90$20,533,785$0$0$13,302,685
91$22,486,781$0$0$14,570,973
92$24,634,527$0$0$15,965,836
93$26,996,747$0$0$17,500,096
94$29,595,172$0$0$19,187,882
95$32,453,747$0$0$21,044,760
96$35,598,853$0$0$23,087,880
97$39,059,556$0$0$25,336,140
98$42,867,883$0$0$27,810,361
99$47,059,125$0$0$30,533,485
100$51,672,162$0$0$33,530,792