Can I retire at age 40 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$42,941$42,559$42,185$41,821$41,466$40,026
2 years$21,258$20,862$20,478$20,106$19,745$18,310
3 years$14,031$13,634$13,251$12,882$12,527$11,141
4 years$10,419$10,022$9,643$9,281$8,935$7,608
5 years$8,251$7,857$7,484$7,129$6,792$5,529
6 years$6,807$6,416$6,048$5,701$5,374$4,176
7 years$5,776$5,388$5,026$4,687$4,371$3,236
8 years$5,003$4,619$4,262$3,932$3,626$2,554
9 years$4,402$4,021$3,671$3,349$3,054$2,044
10 years$3,922$3,545$3,201$2,887$2,602$1,652
11 years$3,529$3,156$2,818$2,512$2,238$1,346
12 years$3,202$2,832$2,501$2,204$1,939$1,104
13 years$2,925$2,560$2,234$1,946$1,691$910
14 years$2,688$2,327$2,007$1,727$1,482$752
15 years$2,483$2,125$1,812$1,540$1,305$625
16 years$2,304$1,950$1,643$1,379$1,153$520
17 years$2,146$1,796$1,495$1,239$1,023$434
18 years$2,005$1,660$1,365$1,117$909$362
19 years$1,880$1,538$1,250$1,009$811$303
20 years$1,767$1,429$1,147$914$724$254
21 years$1,665$1,331$1,055$829$648$213
22 years$1,573$1,243$972$754$581$179
23 years$1,489$1,162$898$687$521$150
24 years$1,412$1,089$830$626$469$126
25 years$1,341$1,022$769$572$422$106
26 years$1,275$960$713$523$380$89
27 years$1,215$904$662$479$342$75
28 years$1,159$852$616$439$309$63
29 years$1,107$804$573$402$279$53
30 years$1,058$759$534$369$252$45
31 years$1,013$717$497$339$228$38
32 years$971$679$464$312$206$32
33 years$931$643$433$287$187$27
34 years$894$609$405$264$169$23
35 years$859$578$379$243$153$19
36 years$826$548$354$224$139$16
37 years$795$521$331$206$126$14
38 years$765$495$310$190$114$11
39 years$737$471$291$175$103$10
40 years$711$448$273$161$94$8
41 years$686$426$256$149$85$7
42 years$662$406$240$137$77$6
43 years$639$387$225$127$70$5
44 years$618$369$211$117$64$4
45 years$597$352$198$108$58$3
46 years$578$335$186$100$52$3
47 years$559$320$175$92$48$2
48 years$541$306$164$85$43$2
49 years$524$292$155$79$39$2
50 years$508$279$145$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $520,000, adding $4,973 every year, while hoping to spend $37,610 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: 64/19/17 Blend
39$520,000$520,000$520,000$520,000
40$578,170$550,610$542,550$612,425
41$597,126$537,573$520,708$622,983
42$616,756$522,637$496,875$629,765
43$637,087$505,668$470,943$636,270
44$658,152$486,527$442,800$642,475
45$679,981$465,065$412,332$648,351
46$702,610$441,124$379,416$653,870
47$726,075$414,538$343,925$659,003
48$750,415$385,131$305,727$663,720
49$775,672$352,717$264,684$667,987
50$801,889$317,099$220,649$671,771
51$829,114$278,069$173,474$675,039
52$857,398$235,408$122,999$677,754
53$886,793$188,884$69,060$679,878
54$917,357$138,251$11,485$681,375
55$949,153$83,250$0$682,203
56$982,246$23,609$0$691,384
57$1,016,707$0$0$702,628
58$1,052,613$0$0$722,405
59$1,090,046$0$0$748,177
60$1,129,094$0$0$775,067
61$1,169,852$0$0$803,143
62$1,212,424$0$0$832,478
63$1,256,920$0$0$863,147
64$1,303,461$0$0$895,237
65$1,352,177$0$0$928,837
66$1,403,209$0$0$964,047
67$1,456,709$0$0$1,000,972
68$1,512,842$0$0$1,039,730
69$1,571,789$0$0$1,080,446
70$1,633,744$0$0$1,123,256
71$1,698,920$0$0$1,168,311
72$1,767,549$0$0$1,215,771
73$1,839,880$0$0$1,265,813
74$1,916,188$0$0$1,318,630
75$1,996,773$0$0$1,374,430
76$2,081,958$0$0$1,433,443
77$2,172,100$0$0$1,495,919
78$2,267,586$0$0$1,562,129
79$2,368,842$0$0$1,632,372
80$2,476,329$0$0$1,706,973
81$2,590,554$0$0$1,786,288
82$2,712,072$0$0$1,870,708
83$2,841,489$0$0$1,960,658
84$2,979,470$0$0$2,056,607
85$3,126,741$0$0$2,159,064
86$3,284,100$0$0$2,268,592
87$3,452,420$0$0$2,385,805
88$3,632,658$0$0$2,511,377
89$3,825,867$0$0$2,646,047
90$4,033,196$0$0$2,790,626
91$4,255,912$0$0$2,946,005
92$4,495,402$0$0$3,113,161
93$4,753,189$0$0$3,293,166
94$5,030,947$0$0$3,487,200
95$5,330,514$0$0$3,696,556
96$5,653,909$0$0$3,922,657
97$6,003,350$0$0$4,167,065
98$6,381,275$0$0$4,431,499
99$6,790,365$0$0$4,717,845
100$7,233,565$0$0$5,028,180