Can I retire at age 40 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$42,693$42,313$41,942$41,580$41,226$39,971
2 years$21,135$20,742$20,360$19,990$19,632$18,377
3 years$13,950$13,555$13,174$12,808$12,455$11,242
4 years$10,358$9,964$9,588$9,227$8,883$7,720
5 years$8,204$7,812$7,440$7,088$6,753$5,642
6 years$6,768$6,379$6,013$5,668$5,343$4,287
7 years$5,743$5,357$4,997$4,660$4,345$3,343
8 years$4,974$4,592$4,238$3,909$3,605$2,656
9 years$4,377$3,998$3,650$3,330$3,036$2,140
10 years$3,899$3,524$3,182$2,870$2,587$1,742
11 years$3,508$3,137$2,801$2,498$2,225$1,429
12 years$3,183$2,816$2,486$2,191$1,928$1,180
13 years$2,908$2,545$2,221$1,934$1,681$980
14 years$2,673$2,313$1,996$1,717$1,474$817
15 years$2,469$2,113$1,802$1,531$1,298$683
16 years$2,291$1,939$1,634$1,371$1,147$573
17 years$2,133$1,786$1,487$1,232$1,017$482
18 years$1,994$1,650$1,357$1,110$904$406
19 years$1,869$1,529$1,242$1,003$806$343
20 years$1,757$1,421$1,140$909$720$289
21 years$1,656$1,324$1,049$825$644$245
22 years$1,564$1,235$967$750$577$207
23 years$1,480$1,156$892$683$518$176
24 years$1,403$1,083$825$623$466$149
25 years$1,333$1,016$764$569$419$126
26 years$1,268$955$709$520$378$107
27 years$1,208$899$658$476$340$91
28 years$1,152$847$612$436$307$77
29 years$1,101$799$570$400$277$66
30 years$1,052$754$531$367$251$56
31 years$1,007$713$495$337$227$47
32 years$965$675$461$310$205$40
33 years$926$639$431$285$185$34
34 years$889$606$403$262$168$29
35 years$854$574$376$241$152$25
36 years$821$545$352$222$138$21
37 years$790$518$330$205$125$18
38 years$761$492$309$189$113$15
39 years$733$468$289$174$103$13
40 years$707$445$271$161$93$11
41 years$682$424$254$148$85$9
42 years$658$404$238$137$77$8
43 years$636$385$224$126$70$7
44 years$614$367$210$116$63$6
45 years$594$350$197$108$57$5
46 years$574$334$185$99$52$4
47 years$556$318$174$92$47$4
48 years$538$304$163$85$43$3
49 years$521$290$154$78$39$3
50 years$505$277$144$72$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $517,000, adding $6,527 every year, while hoping to spend $34,307 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: 26/46/28 Blend
39$517,000$517,000$517,000$517,000
40$576,467$549,066$541,052$586,292
41$598,764$539,467$522,675$585,257
42$622,186$528,249$502,532$580,793
43$646,810$515,295$480,529$575,300
44$672,723$500,483$456,565$568,714
45$700,017$483,683$430,536$560,969
46$728,794$464,758$402,334$551,997
47$759,163$443,563$371,844$541,726
48$791,244$419,945$338,948$530,083
49$825,170$393,741$303,521$516,990
50$861,082$364,779$265,434$502,369
51$899,137$332,878$224,551$486,137
52$939,506$297,845$180,730$468,210
53$982,375$259,479$133,824$448,500
54$1,027,948$217,565$83,678$426,919
55$1,076,449$171,876$30,132$403,374
56$1,128,123$122,174$0$377,772
57$1,183,236$68,205$0$358,086
58$1,242,082$9,703$0$346,281
59$1,304,982$0$0$333,300
60$1,372,288$0$0$346,240
61$1,444,387$0$0$365,419
62$1,521,703$0$0$386,046
63$1,604,698$0$0$408,252
64$1,693,885$0$0$432,183
65$1,789,822$0$0$457,997
66$1,893,124$0$0$485,868
67$2,004,467$0$0$515,988
68$2,124,591$0$0$548,569
69$2,254,311$0$0$583,841
70$2,394,522$0$0$622,059
71$2,546,209$0$0$663,504
72$2,710,452$0$0$708,483
73$2,888,441$0$0$757,334
74$3,081,482$0$0$810,431
75$3,291,014$0$0$868,184
76$3,518,618$0$0$931,042
77$3,766,033$0$0$999,502
78$4,035,172$0$0$1,074,110
79$4,328,141$0$0$1,155,467
80$4,647,257$0$0$1,244,234
81$4,995,068$0$0$1,341,139
82$5,374,380$0$0$1,446,983
83$5,788,282$0$0$1,562,649
84$6,240,171$0$0$1,689,106
85$6,733,790$0$0$1,827,424
86$7,273,257$0$0$1,978,781
87$7,863,108$0$0$2,144,473
88$8,508,334$0$0$2,325,927
89$9,214,434$0$0$2,524,714
90$9,987,461$0$0$2,742,567
91$10,834,081$0$0$2,981,391
92$11,761,636$0$0$3,243,286
93$12,778,209$0$0$3,530,564
94$13,892,704$0$0$3,845,774
95$15,114,928$0$0$4,191,721
96$16,455,682$0$0$4,571,495
97$17,926,862$0$0$4,988,500
98$19,541,572$0$0$5,446,488
99$21,314,248$0$0$5,949,590
100$23,260,788$0$0$6,502,355