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%13.2%
1 years$42,198$41,822$41,455$41,097$40,748$40,205
2 years$20,890$20,501$20,124$19,758$19,404$18,858
3 years$13,788$13,398$13,022$12,659$12,311$11,779
4 years$10,238$9,849$9,476$9,120$8,780$8,266
5 years$8,109$7,721$7,354$7,005$6,674$6,180
6 years$6,689$6,305$5,943$5,602$5,281$4,806
7 years$5,676$5,295$4,939$4,606$4,295$3,840
8 years$4,916$4,539$4,188$3,864$3,563$3,129
9 years$4,326$3,952$3,608$3,291$3,001$2,586
10 years$3,854$3,483$3,145$2,837$2,557$2,162
11 years$3,468$3,101$2,769$2,469$2,199$1,823
12 years$3,146$2,783$2,457$2,166$1,906$1,548
13 years$2,874$2,515$2,195$1,912$1,662$1,323
14 years$2,642$2,286$1,973$1,697$1,457$1,136
15 years$2,440$2,089$1,781$1,514$1,282$979
16 years$2,264$1,916$1,615$1,355$1,133$846
17 years$2,109$1,765$1,469$1,218$1,005$734
18 years$1,971$1,631$1,341$1,097$894$638
19 years$1,847$1,511$1,228$992$796$556
20 years$1,737$1,404$1,127$898$711$485
21 years$1,637$1,308$1,037$815$637$424
22 years$1,546$1,221$955$741$571$371
23 years$1,463$1,142$882$675$512$325
24 years$1,387$1,070$816$616$460$285
25 years$1,317$1,004$756$562$414$250
26 years$1,253$944$701$514$373$220
27 years$1,194$888$651$470$336$193
28 years$1,139$837$605$431$304$170
29 years$1,088$790$563$395$274$150
30 years$1,040$746$524$363$248$132
31 years$996$705$489$333$224$116
32 years$954$667$456$306$203$102
33 years$915$632$426$282$183$90
34 years$879$599$398$259$166$80
35 years$844$568$372$238$150$70
36 years$812$539$348$220$136$62
37 years$781$512$326$202$123$55
38 years$752$486$305$187$112$48
39 years$725$463$286$172$102$42
40 years$699$440$268$159$92$38
41 years$674$419$251$146$84$33
42 years$651$399$236$135$76$29
43 years$628$380$221$125$69$26
44 years$607$362$208$115$62$23
45 years$587$346$195$106$57$20
46 years$568$330$183$98$51$18
47 years$549$315$172$91$47$16
48 years$532$300$162$84$42$14
49 years$515$287$152$77$39$12
50 years$499$274$143$72$35$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $511,000, adding $5,919 every year, while hoping to spend $44,198 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: 46/38/16 Blend
39$511,000$511,000$511,000$511,000
40$569,227$542,144$534,224$592,569
41$580,262$521,683$505,094$588,956
42$590,941$498,738$473,507$580,105
43$601,182$473,141$439,334$569,550
44$610,891$444,713$402,440$557,151
45$619,964$413,266$362,684$542,756
46$628,286$378,602$319,919$526,204
47$635,726$340,509$273,992$507,319
48$642,142$298,765$224,743$485,914
49$647,371$253,135$172,002$461,786
50$651,236$203,371$115,597$434,715
51$653,536$149,211$55,343$404,467
52$654,050$90,376$0$370,787
53$652,534$26,575$0$334,931
54$648,714$0$0$305,256
55$642,287$0$0$289,793
56$632,918$0$0$283,916
57$620,235$0$0$276,323
58$603,824$0$0$266,805
59$583,230$0$0$255,128
60$557,947$0$0$241,035
61$527,414$0$0$224,240
62$491,013$0$0$204,430
63$448,058$0$0$181,254
64$397,790$0$0$154,327
65$339,372$0$0$123,223
66$271,877$0$0$87,471
67$194,281$0$0$46,550
68$105,453$0$0$0
69$4,141$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0