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%12.6%
1 years$42,693$42,313$41,942$41,580$41,226$40,779
2 years$21,135$20,742$20,360$19,990$19,632$19,181
3 years$13,950$13,555$13,174$12,808$12,455$12,015
4 years$10,358$9,964$9,588$9,227$8,883$8,458
5 years$8,204$7,812$7,440$7,088$6,753$6,343
6 years$6,768$6,379$6,013$5,668$5,343$4,949
7 years$5,743$5,357$4,997$4,660$4,345$3,968
8 years$4,974$4,592$4,238$3,909$3,605$3,244
9 years$4,377$3,998$3,650$3,330$3,036$2,691
10 years$3,899$3,524$3,182$2,870$2,587$2,257
11 years$3,508$3,137$2,801$2,498$2,225$1,911
12 years$3,183$2,816$2,486$2,191$1,928$1,629
13 years$2,908$2,545$2,221$1,934$1,681$1,397
14 years$2,673$2,313$1,996$1,717$1,474$1,204
15 years$2,469$2,113$1,802$1,531$1,298$1,042
16 years$2,291$1,939$1,634$1,371$1,147$905
17 years$2,133$1,786$1,487$1,232$1,017$788
18 years$1,994$1,650$1,357$1,110$904$688
19 years$1,869$1,529$1,242$1,003$806$602
20 years$1,757$1,421$1,140$909$720$528
21 years$1,656$1,324$1,049$825$644$463
22 years$1,564$1,235$967$750$577$407
23 years$1,480$1,156$892$683$518$359
24 years$1,403$1,083$825$623$466$316
25 years$1,333$1,016$764$569$419$279
26 years$1,268$955$709$520$378$246
27 years$1,208$899$658$476$340$217
28 years$1,152$847$612$436$307$192
29 years$1,101$799$570$400$277$170
30 years$1,052$754$531$367$251$150
31 years$1,007$713$495$337$227$133
32 years$965$675$461$310$205$118
33 years$926$639$431$285$185$104
34 years$889$606$403$262$168$93
35 years$854$574$376$241$152$82
36 years$821$545$352$222$138$73
37 years$790$518$330$205$125$64
38 years$761$492$309$189$113$57
39 years$733$468$289$174$103$51
40 years$707$445$271$161$93$45
41 years$682$424$254$148$85$40
42 years$658$404$238$137$77$35
43 years$636$385$224$126$70$31
44 years$614$367$210$116$63$28
45 years$594$350$197$108$57$25
46 years$574$334$185$99$52$22
47 years$556$318$174$92$47$20
48 years$538$304$163$85$43$17
49 years$521$290$154$78$39$15
50 years$505$277$144$72$35$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $517,000, adding $4,148 every year, while hoping to spend $23,969 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: 24/48/28 Blend
39$517,000$517,000$517,000$517,000
40$574,013$546,612$538,598$582,659
41$607,059$547,893$531,138$591,594
42$642,673$548,433$522,625$598,868
43$681,091$548,172$512,998$606,159
44$722,573$547,043$502,194$613,484
45$767,404$544,977$490,147$620,865
46$815,898$541,900$476,786$628,327
47$868,401$537,734$462,039$635,902
48$925,292$532,397$445,831$643,626
49$986,987$525,799$428,082$651,543
50$1,053,945$517,850$408,709$659,702
51$1,126,672$508,448$387,624$668,162
52$1,205,721$497,491$364,738$676,992
53$1,291,703$484,866$339,956$686,269
54$1,385,289$470,457$313,177$696,083
55$1,487,219$454,141$284,299$706,538
56$1,598,306$435,784$253,214$717,751
57$1,719,445$415,249$219,808$729,857
58$1,851,620$392,388$183,963$743,006
59$1,995,916$367,046$145,557$757,374
60$2,153,527$339,058$104,460$773,154
61$2,325,765$308,250$60,538$790,568
62$2,514,078$274,440$13,651$809,866
63$2,720,058$237,431$0$831,329
64$2,945,459$197,020$0$866,144
65$3,192,211$152,990$0$908,855
66$3,462,441$105,111$0$955,825
67$3,758,490$53,141$0$1,007,551
68$4,082,937$0$0$1,064,587
69$4,438,621$0$0$1,129,225
70$4,828,671$0$0$1,230,977
71$5,256,531$0$0$1,342,685
72$5,725,996$0$0$1,465,351
73$6,241,245$0$0$1,600,079
74$6,806,882$0$0$1,748,085
75$7,427,979$0$0$1,910,708
76$8,110,122$0$0$2,089,425
77$8,859,464$0$0$2,285,862
78$9,682,786$0$0$2,501,809
79$10,587,556$0$0$2,739,241
80$11,582,002$0$0$3,000,332
81$12,675,189$0$0$3,287,478
82$13,877,103$0$0$3,603,317
83$15,198,747$0$0$3,950,758
84$16,652,244$0$0$4,333,005
85$18,250,949$0$0$4,753,589
86$20,009,578$0$0$5,216,398
87$21,944,343$0$0$5,725,719
88$24,073,108$0$0$6,286,274
89$26,415,556$0$0$6,903,266
90$28,993,375$0$0$7,582,429
91$31,830,459$0$0$8,330,081
92$34,953,138$0$0$9,153,181
93$38,390,423$0$0$10,059,401
94$42,174,281$0$0$11,057,191
95$46,339,937$0$0$12,155,866
96$50,926,201$0$0$13,365,688
97$55,975,841$0$0$14,697,963
98$61,535,982$0$0$16,165,154
99$67,658,552$0$0$17,780,990
100$74,400,770$0$0$19,560,601