Can I retire at age 40 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$42,528$42,149$41,780$41,419$41,067$40,123
2 years$21,054$20,661$20,281$19,913$19,556$18,610
3 years$13,896$13,502$13,123$12,758$12,407$11,489
4 years$10,318$9,926$9,551$9,192$8,849$7,965
5 years$8,172$7,782$7,412$7,060$6,727$5,881
6 years$6,742$6,355$5,990$5,646$5,323$4,515
7 years$5,721$5,337$4,977$4,642$4,329$3,559
8 years$4,955$4,574$4,221$3,894$3,591$2,859
9 years$4,360$3,983$3,636$3,317$3,024$2,330
10 years$3,884$3,511$3,170$2,859$2,577$1,919
11 years$3,495$3,125$2,791$2,488$2,216$1,594
12 years$3,171$2,805$2,477$2,183$1,920$1,333
13 years$2,897$2,535$2,213$1,927$1,675$1,121
14 years$2,662$2,304$1,988$1,710$1,468$947
15 years$2,459$2,105$1,795$1,525$1,293$803
16 years$2,282$1,931$1,627$1,366$1,142$683
17 years$2,125$1,779$1,481$1,227$1,013$582
18 years$1,986$1,644$1,352$1,106$901$497
19 years$1,862$1,523$1,238$999$803$425
20 years$1,750$1,415$1,136$905$717$365
21 years$1,649$1,318$1,045$821$642$313
22 years$1,558$1,231$963$747$575$269
23 years$1,474$1,151$889$680$516$231
24 years$1,398$1,078$822$620$464$199
25 years$1,328$1,012$762$567$418$172
26 years$1,263$951$706$518$376$148
27 years$1,203$895$656$474$339$127
28 years$1,148$844$610$434$306$110
29 years$1,096$796$567$398$276$95
30 years$1,048$752$528$366$250$82
31 years$1,004$710$493$336$226$71
32 years$962$672$460$309$204$61
33 years$922$637$429$284$185$53
34 years$885$603$401$261$167$46
35 years$851$572$375$240$152$39
36 years$818$543$351$221$137$34
37 years$787$516$328$204$124$29
38 years$758$490$307$188$113$25
39 years$730$466$288$173$102$22
40 years$704$444$270$160$93$19
41 years$679$422$253$148$84$16
42 years$656$402$237$136$76$14
43 years$633$383$223$126$69$12
44 years$612$365$209$116$63$11
45 years$592$348$196$107$57$9
46 years$572$332$184$99$52$8
47 years$554$317$173$91$47$7
48 years$536$303$163$85$43$6
49 years$519$289$153$78$39$5
50 years$503$276$144$72$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $515,000, adding $5,341 every year, while hoping to spend $30,299 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: 41/46/13 Blend
39$515,000$515,000$515,000$515,000
40$573,039$545,744$537,762$594,126
41$599,251$540,248$523,539$604,000
42$627,122$533,467$507,824$611,279
43$656,787$525,306$490,535$618,493
44$688,398$515,664$471,587$625,652
45$722,119$504,436$450,889$632,765
46$758,129$491,508$428,348$639,848
47$796,627$476,760$403,867$646,918
48$837,829$460,067$377,342$653,999
49$881,971$441,294$348,667$661,118
50$929,314$420,300$317,729$668,311
51$980,144$396,934$284,413$675,619
52$1,034,774$371,039$248,596$683,089
53$1,093,548$342,447$210,151$690,780
54$1,156,843$310,980$168,944$698,759
55$1,225,075$276,452$124,837$707,105
56$1,298,698$238,664$77,685$715,908
57$1,378,215$197,407$27,337$725,273
58$1,464,174$152,461$0$735,322
59$1,557,180$103,593$0$749,854
60$1,657,898$50,554$0$769,651
61$1,767,059$0$0$791,122
62$1,885,466$0$0$817,995
63$2,014,002$0$0$875,003
64$2,153,641$0$0$936,993
65$2,305,450$0$0$1,004,448
66$2,470,606$0$0$1,077,897
67$2,650,403$0$0$1,157,924
68$2,846,264$0$0$1,245,171
69$3,059,758$0$0$1,340,346
70$3,292,608$0$0$1,444,225
71$3,546,712$0$0$1,557,666
72$3,824,160$0$0$1,681,611
73$4,127,252$0$0$1,817,098
74$4,458,519$0$0$1,965,270
75$4,820,750$0$0$2,127,384
76$5,217,013$0$0$2,304,826
77$5,650,689$0$0$2,499,121
78$6,125,498$0$0$2,711,949
79$6,645,538$0$0$2,945,159
80$7,215,323$0$0$3,200,790
81$7,839,821$0$0$3,481,085
82$8,524,507$0$0$3,788,516
83$9,275,410$0$0$4,125,803
84$10,099,169$0$0$4,495,946
85$11,003,097$0$0$4,902,247
86$11,995,252$0$0$5,348,343
87$13,084,506$0$0$5,838,242
88$14,280,635$0$0$6,376,359
89$15,594,407$0$0$6,967,556
90$17,037,683$0$0$7,617,190
91$18,623,532$0$0$8,331,164
92$20,366,350$0$0$9,115,979
93$22,281,996$0$0$9,978,799
94$24,387,945$0$0$10,927,516
95$26,703,445$0$0$11,970,825
96$29,249,706$0$0$13,118,306
97$32,050,095$0$0$14,380,512
98$35,130,356$0$0$15,769,075
99$38,518,856$0$0$17,296,806
100$42,246,846$0$0$18,977,822