Can I retire at age 40 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$43,932$43,541$43,159$42,786$42,422$40,934
2 years$21,749$21,343$20,951$20,570$20,201$18,717
3 years$14,355$13,948$13,557$13,180$12,816$11,383
4 years$10,659$10,253$9,866$9,495$9,141$7,770
5 years$8,442$8,039$7,656$7,293$6,949$5,643
6 years$6,964$6,564$6,187$5,832$5,498$4,259
7 years$5,909$5,513$5,142$4,795$4,472$3,299
8 years$5,119$4,725$4,361$4,023$3,710$2,603
9 years$4,504$4,114$3,756$3,426$3,124$2,081
10 years$4,012$3,627$3,274$2,954$2,662$1,681
11 years$3,610$3,229$2,883$2,570$2,289$1,369
12 years$3,276$2,898$2,558$2,255$1,984$1,122
13 years$2,993$2,619$2,286$1,990$1,730$924
14 years$2,750$2,380$2,054$1,767$1,516$764
15 years$2,540$2,174$1,854$1,576$1,335$633
16 years$2,357$1,995$1,681$1,411$1,180$527
17 years$2,195$1,837$1,530$1,268$1,046$439
18 years$2,052$1,698$1,396$1,142$930$367
19 years$1,923$1,574$1,278$1,032$829$306
20 years$1,808$1,462$1,173$935$741$257
21 years$1,704$1,362$1,079$849$663$215
22 years$1,609$1,271$995$772$594$180
23 years$1,523$1,189$918$703$533$151
24 years$1,444$1,114$849$641$479$127
25 years$1,372$1,045$787$585$431$107
26 years$1,305$983$730$535$389$90
27 years$1,243$925$677$490$350$76
28 years$1,186$871$630$449$316$64
29 years$1,132$822$586$412$285$53
30 years$1,083$776$546$378$258$45
31 years$1,037$734$509$347$233$38
32 years$993$694$475$319$211$32
33 years$953$658$443$293$191$27
34 years$915$623$414$270$173$23
35 years$879$591$387$248$157$19
36 years$845$561$362$229$142$16
37 years$813$533$339$211$129$13
38 years$783$506$318$194$117$11
39 years$754$482$298$179$106$10
40 years$727$458$279$165$96$8
41 years$702$436$261$152$87$7
42 years$677$415$245$141$79$6
43 years$654$396$230$130$72$5
44 years$632$377$216$120$65$4
45 years$611$360$203$111$59$3
46 years$591$343$191$102$54$3
47 years$572$328$179$94$49$2
48 years$554$313$168$87$44$2
49 years$536$299$158$81$40$2
50 years$519$285$149$75$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $532,000, adding $3,703 every year, while hoping to spend $27,252 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: 63/12/25 Blend
39$532,000$532,000$532,000$532,000
40$590,084$561,888$553,642$623,149
41$621,276$560,424$543,193$644,497
42$654,737$557,976$531,480$664,465
43$690,669$554,465$518,434$685,672
44$729,294$549,811$503,978$708,244
45$770,856$543,926$488,035$732,317
46$815,624$536,718$470,525$758,047
47$863,891$528,091$451,361$785,604
48$915,982$517,941$430,455$815,175
49$972,250$506,159$407,714$846,971
50$1,033,088$492,629$383,041$881,222
51$1,098,924$477,229$356,333$918,184
52$1,170,229$459,828$327,486$958,143
53$1,247,523$440,290$296,387$1,001,411
54$1,331,376$418,470$262,921$1,048,337
55$1,422,414$394,213$226,968$1,099,306
56$1,521,329$367,358$188,399$1,154,744
57$1,628,879$337,732$147,085$1,215,121
58$1,745,898$305,155$102,886$1,280,960
59$1,873,306$269,434$55,659$1,352,837
60$2,012,113$230,366$5,253$1,431,389
61$2,163,432$187,737$0$1,517,322
62$2,328,487$141,322$0$1,624,362
63$2,508,626$90,880$0$1,742,761
64$2,705,332$36,159$0$1,872,113
65$2,920,238$0$0$2,013,518
66$3,155,142$0$0$2,171,240
67$3,412,023$0$0$2,348,975
68$3,693,060$0$0$2,543,463
69$4,000,653$0$0$2,756,367
70$4,337,443$0$0$2,989,521
71$4,706,341$0$0$3,244,946
72$5,110,550$0$0$3,524,864
73$5,553,600$0$0$3,831,726
74$6,039,377$0$0$4,168,228
75$6,572,162$0$0$4,537,342
76$7,156,668$0$0$4,942,339
77$7,798,090$0$0$5,386,826
78$8,502,147$0$0$5,874,772
79$9,275,141$0$0$6,410,551
80$10,124,012$0$0$6,998,981
81$11,056,406$0$0$7,645,369
82$12,080,747$0$0$8,355,562
83$13,206,312$0$0$9,136,001
84$14,443,325$0$0$9,993,782
85$15,803,048$0$0$10,936,724
86$17,297,887$0$0$11,973,437
87$18,941,512$0$0$13,113,413
88$20,748,982$0$0$14,367,105
89$22,736,891$0$0$15,746,031
90$24,923,520$0$0$17,262,882
91$27,329,009$0$0$18,931,641
92$29,975,553$0$0$20,767,713
93$32,887,601$0$0$22,788,074
94$36,092,097$0$0$25,011,426
95$39,618,725$0$0$27,458,378
96$43,500,194$0$0$30,151,636
97$47,772,544$0$0$33,116,220
98$52,475,486$0$0$36,379,699
99$57,652,778$0$0$39,972,450
100$63,352,635$0$0$43,927,945