Can I retire at age 40 with 534,000?

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 $534,000?

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$44,097$43,704$43,321$42,947$42,582$41,842
2 years$21,830$21,424$21,030$20,648$20,277$19,534
3 years$14,409$14,001$13,608$13,229$12,865$12,142
4 years$10,699$10,292$9,903$9,531$9,175$8,478
5 years$8,474$8,069$7,685$7,321$6,975$6,305
6 years$6,991$6,589$6,211$5,854$5,519$4,877
7 years$5,932$5,533$5,161$4,813$4,488$3,875
8 years$5,138$4,743$4,377$4,038$3,724$3,139
9 years$4,521$4,130$3,770$3,439$3,136$2,579
10 years$4,027$3,640$3,287$2,965$2,672$2,143
11 years$3,624$3,241$2,894$2,580$2,298$1,796
12 years$3,288$2,909$2,568$2,263$1,991$1,516
13 years$3,004$2,629$2,294$1,998$1,736$1,286
14 years$2,761$2,389$2,061$1,774$1,522$1,097
15 years$2,550$2,183$1,861$1,582$1,340$939
16 years$2,366$2,003$1,687$1,416$1,184$806
17 years$2,204$1,844$1,536$1,272$1,050$694
18 years$2,059$1,704$1,402$1,147$934$599
19 years$1,931$1,579$1,283$1,036$832$518
20 years$1,815$1,468$1,178$938$743$449
21 years$1,710$1,367$1,083$852$665$389
22 years$1,615$1,276$998$774$596$338
23 years$1,529$1,194$922$705$535$294
24 years$1,450$1,118$853$643$481$256
25 years$1,377$1,049$790$587$433$223
26 years$1,310$986$732$537$390$194
27 years$1,248$928$680$492$352$169
28 years$1,190$875$632$450$317$148
29 years$1,137$825$588$413$286$129
30 years$1,087$779$548$379$259$113
31 years$1,041$737$511$348$234$98
32 years$997$697$477$320$212$86
33 years$956$660$445$294$192$75
34 years$918$626$416$271$173$66
35 years$882$593$389$249$157$58
36 years$848$563$364$230$142$50
37 years$816$535$340$211$129$44
38 years$786$508$319$195$117$38
39 years$757$483$299$180$106$34
40 years$730$460$280$166$96$29
41 years$704$438$262$153$87$26
42 years$680$417$246$141$79$23
43 years$657$397$231$130$72$20
44 years$634$379$217$120$65$17
45 years$613$361$204$111$59$15
46 years$593$344$191$103$54$13
47 years$574$329$180$95$49$12
48 years$556$314$169$88$44$10
49 years$538$300$159$81$40$9
50 years$521$286$149$75$37$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $534,000, adding $4,886 every year, while hoping to spend $24,882 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: 69/8/23 Blend
39$534,000$534,000$534,000$534,000
40$593,508$565,206$556,929$630,695
41$627,571$566,427$549,112$657,425
42$664,276$566,873$540,199$683,321
43$703,863$566,482$530,127$711,067
44$746,602$565,184$518,831$740,842
45$792,784$562,907$506,240$772,850
46$842,733$559,574$492,285$807,310
47$896,803$555,104$476,887$844,469
48$955,383$549,411$459,970$884,595
49$1,018,903$542,403$441,449$927,989
50$1,087,833$533,982$421,239$974,979
51$1,162,691$524,047$399,250$1,025,929
52$1,244,047$512,487$375,387$1,081,242
53$1,332,529$499,188$349,552$1,141,361
54$1,428,827$484,027$321,641$1,206,775
55$1,533,698$466,876$291,547$1,278,027
56$1,647,979$447,596$259,157$1,355,713
57$1,772,589$426,044$224,355$1,440,491
58$1,908,539$402,067$187,017$1,533,089
59$2,056,943$375,501$147,015$1,634,310
60$2,219,027$346,176$104,216$1,745,041
61$2,396,140$313,912$58,479$1,866,258
62$2,589,768$278,515$9,660$1,999,041
63$2,801,546$239,784$0$2,144,581
64$3,033,276$197,506$0$2,314,605
65$3,286,941$151,454$0$2,503,357
66$3,564,724$101,391$0$2,710,103
67$3,869,030$47,063$0$2,936,650
68$4,202,508$0$0$3,184,990
69$4,568,073$0$0$3,458,354
70$4,968,939$0$0$3,762,688
71$5,408,643$0$0$4,096,539
72$5,891,083$0$0$4,462,870
73$6,420,550$0$0$4,864,944
74$7,001,773$0$0$5,306,355
75$7,639,960$0$0$5,791,064
76$8,340,849$0$0$6,323,431
77$9,110,759$0$0$6,908,264
78$9,956,652$0$0$7,550,854
79$10,886,200$0$0$8,257,034
80$11,907,852$0$0$9,033,228
81$13,030,916$0$0$9,886,514
82$14,265,650$0$0$10,824,690
83$15,623,353$0$0$11,856,347
84$17,116,473$0$0$12,990,951
85$18,758,727$0$0$14,238,930
86$20,565,226$0$0$15,611,774
87$22,552,622$0$0$17,122,143
88$24,739,258$0$0$18,783,985
89$27,145,350$0$0$20,612,670
90$29,793,167$0$0$22,625,132
91$32,707,249$0$0$24,840,029
92$35,914,637$0$0$27,277,920
93$39,445,122$0$0$29,961,458
94$43,331,533$0$0$32,915,605
95$47,610,043$0$0$36,167,864
96$52,320,509$0$0$39,748,542
97$57,506,852$0$0$43,691,034
98$63,217,466$0$0$48,032,135
99$69,505,677$0$0$52,812,395
100$76,430,247$0$0$58,076,492