Can I retire at age 40 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$43,849$43,459$43,078$42,706$42,343$40,954
2 years$21,708$21,303$20,912$20,532$20,163$18,778
3 years$14,328$13,922$13,531$13,155$12,792$11,453
4 years$10,639$10,234$9,847$9,477$9,124$7,841
5 years$8,426$8,024$7,642$7,279$6,936$5,713
6 years$6,951$6,552$6,176$5,821$5,488$4,327
7 years$5,898$5,502$5,132$4,786$4,463$3,363
8 years$5,109$4,716$4,352$4,015$3,703$2,662
9 years$4,495$4,107$3,749$3,420$3,118$2,137
10 years$4,005$3,620$3,268$2,948$2,657$1,733
11 years$3,603$3,222$2,877$2,566$2,285$1,416
12 years$3,269$2,892$2,554$2,250$1,980$1,165
13 years$2,987$2,614$2,281$1,987$1,727$963
14 years$2,745$2,376$2,050$1,764$1,514$800
15 years$2,536$2,170$1,851$1,573$1,333$666
16 years$2,353$1,991$1,678$1,408$1,178$556
17 years$2,191$1,834$1,527$1,265$1,044$466
18 years$2,048$1,695$1,394$1,140$929$391
19 years$1,920$1,571$1,276$1,030$828$328
20 years$1,805$1,459$1,171$933$739$276
21 years$1,701$1,359$1,077$847$662$232
22 years$1,606$1,269$993$770$593$196
23 years$1,520$1,187$917$701$532$165
24 years$1,441$1,112$848$640$478$139
25 years$1,369$1,044$785$584$431$118
26 years$1,302$981$728$534$388$99
27 years$1,241$923$676$489$350$84
28 years$1,183$870$629$448$315$71
29 years$1,130$821$585$411$285$60
30 years$1,081$775$545$377$257$51
31 years$1,035$733$508$346$233$43
32 years$991$693$474$318$211$36
33 years$951$656$443$293$191$31
34 years$913$622$413$269$172$26
35 years$877$590$387$248$156$22
36 years$843$560$362$228$142$19
37 years$812$532$338$210$128$16
38 years$781$506$317$194$116$13
39 years$753$481$297$179$105$11
40 years$726$457$278$165$96$10
41 years$700$435$261$152$87$8
42 years$676$415$245$140$79$7
43 years$653$395$230$130$71$6
44 years$631$377$216$120$65$5
45 years$610$359$202$110$59$4
46 years$590$343$190$102$53$4
47 years$571$327$179$94$49$3
48 years$553$312$168$87$44$3
49 years$535$298$158$81$40$2
50 years$518$285$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $531,000, adding $4,721 every year, while hoping to spend $40,949 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: 52/36/12 Blend
39$531,000$531,000$531,000$531,000
40$590,032$561,889$553,658$618,604
41$606,646$545,852$528,636$622,584
42$623,582$527,657$501,404$622,143
43$640,829$507,154$471,843$620,724
44$658,376$484,187$439,832$618,244
45$676,206$458,588$405,243$614,617
46$694,302$430,181$367,940$609,749
47$712,640$398,780$327,786$603,539
48$731,196$364,187$284,633$595,880
49$749,939$326,193$238,330$586,657
50$768,835$284,579$188,716$575,749
51$787,844$239,111$135,626$563,023
52$806,921$189,544$78,886$548,339
53$826,013$135,618$18,315$531,547
54$845,061$77,058$0$512,486
55$863,999$13,575$0$496,915
56$882,749$0$0$481,606
57$901,226$0$0$485,884
58$919,333$0$0$495,298
59$936,963$0$0$504,407
60$953,992$0$0$513,142
61$970,284$0$0$521,421
62$985,686$0$0$529,157
63$1,000,026$0$0$536,251
64$1,013,114$0$0$542,592
65$1,024,736$0$0$548,056
66$1,034,654$0$0$552,506
67$1,042,604$0$0$555,789
68$1,048,291$0$0$557,736
69$1,051,388$0$0$558,156
70$1,051,529$0$0$556,841
71$1,048,312$0$0$553,557
72$1,041,286$0$0$548,045
73$1,029,954$0$0$540,019
74$1,013,763$0$0$529,160
75$992,102$0$0$515,117
76$964,292$0$0$497,498
77$929,582$0$0$475,873
78$887,139$0$0$449,762
79$836,044$0$0$418,636
80$775,277$0$0$381,910
81$703,712$0$0$338,936
82$620,101$0$0$288,998
83$523,068$0$0$231,304
84$411,088$0$0$164,980
85$282,479$0$0$89,057
86$135,379$0$0$2,470
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0