Can I retire at age 40 with 518,000?

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 $518,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$42,776$42,395$42,023$41,660$41,306$39,825
2 years$21,176$20,782$20,400$20,029$19,670$18,193
3 years$13,977$13,581$13,200$12,833$12,479$11,054
4 years$10,378$9,984$9,606$9,245$8,900$7,537
5 years$8,220$7,827$7,455$7,101$6,766$5,469
6 years$6,781$6,392$6,025$5,679$5,354$4,123
7 years$5,754$5,368$5,006$4,669$4,354$3,190
8 years$4,984$4,601$4,246$3,917$3,612$2,514
9 years$4,385$4,006$3,657$3,336$3,042$2,007
10 years$3,907$3,531$3,188$2,876$2,592$1,620
11 years$3,515$3,144$2,807$2,503$2,229$1,317
12 years$3,189$2,821$2,491$2,195$1,932$1,078
13 years$2,914$2,550$2,226$1,938$1,684$886
14 years$2,678$2,318$2,000$1,720$1,477$732
15 years$2,474$2,117$1,805$1,534$1,300$606
16 years$2,295$1,943$1,637$1,374$1,149$503
17 years$2,138$1,789$1,490$1,234$1,019$419
18 years$1,998$1,653$1,360$1,112$906$349
19 years$1,873$1,532$1,245$1,005$807$292
20 years$1,761$1,424$1,142$910$721$244
21 years$1,659$1,326$1,051$826$645$204
22 years$1,567$1,238$968$751$578$171
23 years$1,483$1,158$894$684$519$143
24 years$1,406$1,085$827$624$467$120
25 years$1,335$1,018$766$570$420$101
26 years$1,270$957$710$521$378$84
27 years$1,210$900$660$477$341$71
28 years$1,155$848$613$437$308$60
29 years$1,103$800$571$401$278$50
30 years$1,054$756$532$368$251$42
31 years$1,009$715$496$338$227$35
32 years$967$676$462$310$205$30
33 years$928$640$432$285$186$25
34 years$891$607$403$263$168$21
35 years$856$576$377$242$152$18
36 years$823$546$353$223$138$15
37 years$792$519$330$205$125$12
38 years$762$493$309$189$113$10
39 years$735$469$290$174$103$9
40 years$708$446$272$161$93$7
41 years$683$425$255$148$85$6
42 years$659$404$239$137$77$5
43 years$637$385$224$126$70$4
44 years$615$367$210$117$63$4
45 years$595$350$198$108$57$3
46 years$575$334$186$100$52$3
47 years$557$319$174$92$47$2
48 years$539$304$164$85$43$2
49 years$522$291$154$79$39$2
50 years$506$278$145$73$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $518,000, adding $4,032 every year, while hoping to spend $24,043 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: 62/29/9 Blend
39$518,000$518,000$518,000$518,000
40$574,995$547,541$539,512$609,275
41$608,063$548,789$532,004$633,943
42$643,698$549,292$523,439$657,711
43$682,137$548,989$513,755$683,048
44$723,639$547,813$502,890$710,105
45$768,489$545,696$490,777$739,049
46$817,003$542,562$477,345$770,066
47$869,523$538,334$462,523$803,361
48$926,430$532,929$446,233$839,160
49$988,141$526,257$428,396$877,715
50$1,055,113$518,225$408,929$919,302
51$1,127,851$508,735$387,745$964,228
52$1,206,910$497,680$364,752$1,012,831
53$1,292,899$484,951$339,856$1,065,485
54$1,386,489$470,429$312,956$1,122,604
55$1,488,421$453,989$283,949$1,184,646
56$1,599,505$435,499$252,727$1,252,114
57$1,720,636$414,821$219,175$1,325,568
58$1,852,800$391,806$183,176$1,405,624
59$1,997,078$366,297$144,606$1,492,963
60$2,154,665$338,131$103,335$1,588,339
61$2,326,874$307,132$59,229$1,692,582
62$2,515,149$273,115$12,147$1,806,612
63$2,721,082$235,886$0$1,931,444
64$2,946,427$195,239$0$2,071,855
65$3,193,112$150,955$0$2,226,908
66$3,463,263$102,805$0$2,396,817
67$3,759,219$50,546$0$2,583,106
68$4,083,558$0$0$2,787,459
69$4,439,118$0$0$3,013,672
70$4,829,025$0$0$3,279,464
71$5,256,721$0$0$3,571,056
72$5,726,000$0$0$3,891,038
73$6,241,037$0$0$4,242,265
74$6,806,434$0$0$4,627,878
75$7,427,259$0$0$5,051,340
76$8,109,095$0$0$5,516,465
77$8,858,092$0$0$6,027,454
78$9,681,026$0$0$6,588,936
79$10,585,361$0$0$7,206,010
80$11,579,319$0$0$7,884,292
81$12,671,960$0$0$8,629,972
82$13,873,264$0$0$9,449,869
83$15,194,227$0$0$10,351,493
84$16,646,964$0$0$11,343,122
85$18,244,822$0$0$12,433,874
86$20,002,508$0$0$13,633,796
87$21,936,224$0$0$14,953,958
88$24,063,823$0$0$16,406,556
89$26,404,975$0$0$18,005,028
90$28,981,354$0$0$19,764,182
91$31,816,841$0$0$21,700,333
92$34,937,748$0$0$23,831,458
93$38,373,068$0$0$26,177,365
94$42,154,749$0$0$28,759,881
95$46,317,992$0$0$31,603,054
96$50,901,584$0$0$34,733,385
97$55,948,266$0$0$38,180,075
98$61,505,134$0$0$41,975,299
99$67,624,081$0$0$46,154,514
100$74,362,292$0$0$50,756,786