Can I retire at age 40 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$43,767$43,377$42,997$42,625$42,263$41,529
2 years$21,667$21,263$20,872$20,493$20,125$19,388
3 years$14,301$13,896$13,506$13,130$12,768$12,051
4 years$10,619$10,215$9,829$9,459$9,106$8,414
5 years$8,410$8,009$7,627$7,266$6,923$6,258
6 years$6,938$6,540$6,164$5,811$5,478$4,841
7 years$5,887$5,492$5,122$4,777$4,455$3,846
8 years$5,099$4,708$4,344$4,007$3,696$3,115
9 years$4,487$4,099$3,742$3,413$3,112$2,560
10 years$3,997$3,613$3,262$2,942$2,652$2,127
11 years$3,597$3,216$2,872$2,561$2,281$1,782
12 years$3,263$2,887$2,549$2,246$1,976$1,504
13 years$2,981$2,609$2,277$1,983$1,723$1,277
14 years$2,740$2,371$2,046$1,760$1,511$1,089
15 years$2,531$2,166$1,847$1,570$1,330$932
16 years$2,348$1,988$1,675$1,406$1,176$800
17 years$2,187$1,830$1,524$1,263$1,042$689
18 years$2,044$1,691$1,391$1,138$927$595
19 years$1,916$1,568$1,274$1,028$826$514
20 years$1,801$1,457$1,169$931$738$446
21 years$1,697$1,357$1,075$845$660$387
22 years$1,603$1,267$991$769$592$336
23 years$1,517$1,185$915$700$531$292
24 years$1,439$1,110$846$638$478$254
25 years$1,366$1,042$784$583$430$221
26 years$1,300$979$727$533$387$193
27 years$1,238$921$675$488$349$168
28 years$1,181$868$627$447$315$147
29 years$1,128$819$584$410$284$128
30 years$1,079$773$544$376$257$112
31 years$1,033$731$507$346$232$98
32 years$990$692$473$318$210$85
33 years$949$655$442$292$190$75
34 years$911$621$413$269$172$65
35 years$875$589$386$247$156$57
36 years$842$559$361$228$141$50
37 years$810$531$338$210$128$44
38 years$780$505$316$193$116$38
39 years$752$480$296$178$105$33
40 years$725$456$278$165$95$29
41 years$699$435$261$152$87$26
42 years$675$414$244$140$79$22
43 years$652$394$229$129$71$20
44 years$630$376$215$119$65$17
45 years$609$358$202$110$59$15
46 years$589$342$190$102$53$13
47 years$570$326$178$94$48$12
48 years$552$311$168$87$44$10
49 years$534$297$158$80$40$9
50 years$517$284$148$74$36$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $530,000, adding $5,105 every year, while hoping to spend $32,968 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: 39/46/15 Blend
39$530,000$530,000$530,000$530,000
40$589,326$561,236$553,021$609,477
41$614,359$553,659$536,469$616,730
42$640,841$544,605$518,258$620,994
43$668,885$533,969$498,298$624,897
44$698,613$521,635$476,493$628,421
45$730,161$507,484$452,744$631,551
46$763,676$491,389$426,950$634,274
47$799,318$473,216$399,001$636,577
48$837,266$452,820$368,784$638,450
49$877,712$430,053$336,183$639,885
50$920,866$404,754$301,073$640,876
51$966,962$376,754$263,326$641,423
52$1,016,253$345,876$222,809$641,528
53$1,069,017$311,930$179,379$641,197
54$1,125,561$274,718$132,892$640,443
55$1,186,218$234,029$83,194$639,285
56$1,251,356$189,640$30,125$637,748
57$1,321,379$141,317$0$635,868
58$1,396,729$88,812$0$637,930
59$1,477,893$31,861$0$645,168
60$1,565,405$0$0$652,850
61$1,659,851$0$0$676,178
62$1,761,876$0$0$718,855
63$1,872,188$0$0$765,056
64$1,991,566$0$0$815,116
65$2,120,865$0$0$869,400
66$2,261,027$0$0$928,313
67$2,413,087$0$0$992,297
68$2,578,181$0$0$1,061,840
69$2,757,563$0$0$1,137,479
70$2,952,608$0$0$1,219,804
71$3,164,832$0$0$1,309,465
72$3,395,901$0$0$1,407,176
73$3,647,649$0$0$1,513,724
74$3,922,094$0$0$1,629,976
75$4,221,458$0$0$1,756,883
76$4,548,186$0$0$1,895,495
77$4,904,967$0$0$2,046,968
78$5,294,766$0$0$2,212,571
79$5,720,844$0$0$2,393,706
80$6,186,791$0$0$2,591,913
81$6,696,560$0$0$2,808,890
82$7,254,506$0$0$3,046,505
83$7,865,421$0$0$3,306,817
84$8,534,585$0$0$3,592,092
85$9,267,810$0$0$3,904,827
86$10,071,500$0$0$4,247,770
87$10,952,704$0$0$4,623,951
88$11,919,190$0$0$5,036,703
89$12,979,510$0$0$5,489,701
90$14,143,087$0$0$5,986,991
91$15,420,298$0$0$6,533,031
92$16,822,575$0$0$7,132,731
93$18,362,511$0$0$7,791,500
94$20,053,977$0$0$8,515,298
95$21,912,256$0$0$9,310,688
96$23,954,181$0$0$10,184,904
97$26,198,298$0$0$11,145,912
98$28,665,041$0$0$12,202,490
99$31,376,919$0$0$13,364,310
100$34,358,732$0$0$14,642,027