Can I retire at age 40 with 514,000?

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 $514,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$42,446$42,068$41,699$41,339$40,987$40,814
2 years$21,013$20,621$20,242$19,874$19,518$19,343
3 years$13,869$13,476$13,098$12,734$12,383$12,212
4 years$10,298$9,906$9,532$9,174$8,832$8,666
5 years$8,156$7,767$7,397$7,046$6,714$6,554
6 years$6,729$6,342$5,978$5,635$5,312$5,158
7 years$5,709$5,326$4,968$4,633$4,320$4,172
8 years$4,945$4,566$4,213$3,886$3,584$3,442
9 years$4,351$3,975$3,629$3,310$3,018$2,882
10 years$3,876$3,504$3,164$2,854$2,572$2,441
11 years$3,488$3,119$2,785$2,483$2,212$2,086
12 years$3,165$2,800$2,472$2,178$1,917$1,797
13 years$2,891$2,530$2,208$1,923$1,671$1,557
14 years$2,657$2,300$1,984$1,707$1,465$1,356
15 years$2,454$2,101$1,791$1,522$1,290$1,186
16 years$2,277$1,928$1,624$1,363$1,140$1,041
17 years$2,121$1,775$1,478$1,225$1,011$917
18 years$1,982$1,640$1,349$1,104$899$810
19 years$1,858$1,520$1,235$997$801$717
20 years$1,747$1,413$1,134$903$716$636
21 years$1,646$1,316$1,043$820$640$565
22 years$1,555$1,228$961$745$574$503
23 years$1,472$1,149$887$679$515$448
24 years$1,395$1,076$821$619$463$399
25 years$1,325$1,010$760$565$417$357
26 years$1,261$949$705$517$375$319
27 years$1,201$893$655$473$338$285
28 years$1,146$842$608$434$305$255
29 years$1,094$794$566$398$276$229
30 years$1,046$750$527$365$249$205
31 years$1,002$709$492$335$225$184
32 years$960$671$459$308$204$165
33 years$920$635$428$283$184$148
34 years$884$602$400$261$167$133
35 years$849$571$374$240$151$119
36 years$816$542$350$221$137$107
37 years$786$515$328$204$124$96
38 years$756$489$307$188$113$87
39 years$729$465$287$173$102$78
40 years$703$443$269$160$93$70
41 years$678$421$253$147$84$63
42 years$654$401$237$136$76$57
43 years$632$382$222$125$69$51
44 years$611$364$209$116$63$46
45 years$590$348$196$107$57$41
46 years$571$332$184$99$52$37
47 years$553$316$173$91$47$34
48 years$535$302$163$84$43$30
49 years$518$288$153$78$39$27
50 years$502$276$144$72$35$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $514,000, adding $2,100 every year, while hoping to spend $36,800 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: 33/47/20 Blend
39$514,000$514,000$514,000$514,000
40$568,594$541,352$533,385$583,791
41$587,436$528,723$512,099$582,636
42$606,966$514,243$488,866$577,875
43$627,216$497,780$463,582$571,977
44$648,219$479,198$436,139$564,865
45$670,011$458,353$406,423$556,455
46$692,629$435,089$374,316$546,663
47$716,115$409,246$339,692$535,397
48$740,510$380,650$302,423$522,560
49$765,861$349,121$262,374$508,053
50$792,217$314,466$219,401$491,770
51$819,630$276,482$173,359$473,599
52$848,158$234,956$124,092$453,423
53$877,862$189,660$71,440$431,119
54$908,805$140,354$15,235$406,559
55$941,059$86,787$0$379,607
56$974,699$28,692$0$359,670
57$1,009,805$0$0$341,140
58$1,046,467$0$0$338,345
59$1,084,779$0$0$350,948
60$1,124,844$0$0$364,146
61$1,166,771$0$0$377,978
62$1,210,682$0$0$392,487
63$1,256,706$0$0$407,719
64$1,304,984$0$0$423,723
65$1,355,669$0$0$440,554
66$1,408,928$0$0$458,270
67$1,464,941$0$0$476,935
68$1,523,906$0$0$496,620
69$1,586,035$0$0$517,401
70$1,651,562$0$0$539,360
71$1,720,741$0$0$562,589
72$1,793,849$0$0$587,185
73$1,871,188$0$0$613,257
74$1,953,088$0$0$640,924
75$2,039,910$0$0$670,313
76$2,132,047$0$0$701,567
77$2,229,930$0$0$734,839
78$2,334,030$0$0$770,299
79$2,444,863$0$0$808,132
80$2,562,993$0$0$848,541
81$2,689,038$0$0$891,748
82$2,823,675$0$0$937,996
83$2,967,647$0$0$987,554
84$3,121,766$0$0$1,040,713
85$3,286,924$0$0$1,097,797
86$3,464,102$0$0$1,159,157
87$3,654,371$0$0$1,225,181
88$3,858,912$0$0$1,296,296
89$4,079,017$0$0$1,372,968
90$4,316,107$0$0$1,455,710
91$4,571,743$0$0$1,545,087
92$4,847,639$0$0$1,641,719
93$5,145,678$0$0$1,746,287
94$5,467,929$0$0$1,859,540
95$5,816,668$0$0$1,982,301
96$6,194,396$0$0$2,115,476
97$6,603,861$0$0$2,260,061
98$7,048,087$0$0$2,417,151
99$7,530,399$0$0$2,587,951
100$8,054,454$0$0$2,773,787