Can I retire at age 40 with 511,000?

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 $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%13.8%
1 years$42,198$41,822$41,455$41,097$40,748$40,106
2 years$20,890$20,501$20,124$19,758$19,404$18,759
3 years$13,788$13,398$13,022$12,659$12,311$11,682
4 years$10,238$9,849$9,476$9,120$8,780$8,174
5 years$8,109$7,721$7,354$7,005$6,674$6,091
6 years$6,689$6,305$5,943$5,602$5,281$4,722
7 years$5,676$5,295$4,939$4,606$4,295$3,761
8 years$4,916$4,539$4,188$3,864$3,563$3,053
9 years$4,326$3,952$3,608$3,291$3,001$2,515
10 years$3,854$3,483$3,145$2,837$2,557$2,094
11 years$3,468$3,101$2,769$2,469$2,199$1,760
12 years$3,146$2,783$2,457$2,166$1,906$1,489
13 years$2,874$2,515$2,195$1,912$1,662$1,267
14 years$2,642$2,286$1,973$1,697$1,457$1,083
15 years$2,440$2,089$1,781$1,514$1,282$930
16 years$2,264$1,916$1,615$1,355$1,133$801
17 years$2,109$1,765$1,469$1,218$1,005$692
18 years$1,971$1,631$1,341$1,097$894$599
19 years$1,847$1,511$1,228$992$796$519
20 years$1,737$1,404$1,127$898$711$451
21 years$1,637$1,308$1,037$815$637$393
22 years$1,546$1,221$955$741$571$342
23 years$1,463$1,142$882$675$512$298
24 years$1,387$1,070$816$616$460$260
25 years$1,317$1,004$756$562$414$228
26 years$1,253$944$701$514$373$199
27 years$1,194$888$651$470$336$174
28 years$1,139$837$605$431$304$152
29 years$1,088$790$563$395$274$133
30 years$1,040$746$524$363$248$117
31 years$996$705$489$333$224$102
32 years$954$667$456$306$203$90
33 years$915$632$426$282$183$79
34 years$879$599$398$259$166$69
35 years$844$568$372$238$150$61
36 years$812$539$348$220$136$53
37 years$781$512$326$202$123$47
38 years$752$486$305$187$112$41
39 years$725$463$286$172$102$36
40 years$699$440$268$159$92$32
41 years$674$419$251$146$84$28
42 years$651$399$236$135$76$24
43 years$628$380$221$125$69$21
44 years$607$362$208$115$62$19
45 years$587$346$195$106$57$17
46 years$568$330$183$98$51$15
47 years$549$315$172$91$47$13
48 years$532$300$162$84$42$11
49 years$515$287$152$77$39$10
50 years$499$274$143$72$35$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $511,000, adding $6,382 every year, while hoping to spend $32,551 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: 63/26/11 Blend
39$511,000$511,000$511,000$511,000
40$569,705$542,622$534,702$603,775
41$593,181$534,577$517,980$619,303
42$617,960$525,046$499,607$631,907
43$644,142$513,923$479,494$644,854
44$671,833$501,094$457,546$658,178
45$701,152$486,439$433,665$671,918
46$732,226$469,831$407,749$686,115
47$765,196$451,135$379,692$700,818
48$800,214$430,209$349,380$716,083
49$837,449$406,902$316,697$731,971
50$877,083$381,055$281,521$748,552
51$919,318$352,499$243,724$765,905
52$964,373$321,057$203,174$784,119
53$1,012,490$286,539$159,730$803,295
54$1,063,931$248,747$113,249$823,545
55$1,118,987$207,470$63,577$844,995
56$1,177,974$162,486$10,558$867,787
57$1,241,241$113,562$0$892,080
58$1,309,168$60,448$0$923,453
59$1,382,177$2,883$0$958,379
60$1,460,725$0$0$995,859
61$1,545,319$0$0$1,053,163
62$1,636,512$0$0$1,115,855
63$1,734,915$0$0$1,183,533
64$1,841,197$0$0$1,256,660
65$1,956,093$0$0$1,335,747
66$2,080,412$0$0$1,421,354
67$2,215,042$0$0$1,514,098
68$2,360,961$0$0$1,614,657
69$2,519,244$0$0$1,723,776
70$2,691,071$0$0$1,842,274
71$2,877,743$0$0$1,971,053
72$3,080,689$0$0$2,111,104
73$3,301,483$0$0$2,263,520
74$3,541,854$0$0$2,429,500
75$3,803,707$0$0$2,610,366
76$4,089,137$0$0$2,807,572
77$4,400,451$0$0$3,022,717
78$4,740,188$0$0$3,257,563
79$5,111,140$0$0$3,514,050
80$5,516,384$0$0$3,794,311
81$5,959,306$0$0$4,100,696
82$6,443,634$0$0$4,435,792
83$6,973,473$0$0$4,802,448
84$7,553,341$0$0$5,203,801
85$8,188,217$0$0$5,643,303
86$8,883,579$0$0$6,124,760
87$9,645,463$0$0$6,652,359
88$10,480,517$0$0$7,230,714
89$11,396,058$0$0$7,864,905
90$12,400,151$0$0$8,560,529
91$13,501,675$0$0$9,323,748
92$14,710,410$0$0$10,161,352
93$16,037,131$0$0$11,080,819
94$17,493,704$0$0$12,090,386
95$19,093,202$0$0$13,199,128
96$20,850,027$0$0$14,417,040
97$22,780,040$0$0$15,755,135
98$24,900,720$0$0$17,225,544
99$27,231,318$0$0$18,841,631
100$29,793,045$0$0$20,618,120