Can I retire at age 40 with 541,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$44,675$44,277$43,889$43,510$43,140$42,080
2 years$22,116$21,705$21,305$20,918$20,543$19,482
3 years$14,598$14,184$13,786$13,403$13,033$12,004
4 years$10,839$10,427$10,033$9,656$9,295$8,306
5 years$8,585$8,175$7,786$7,417$7,066$6,119
6 years$7,082$6,675$6,292$5,931$5,591$4,687
7 years$6,009$5,606$5,229$4,876$4,547$3,687
8 years$5,205$4,805$4,434$4,091$3,772$2,955
9 years$4,580$4,184$3,819$3,484$3,177$2,402
10 years$4,080$3,688$3,330$3,003$2,707$1,974
11 years$3,671$3,283$2,931$2,614$2,328$1,635
12 years$3,331$2,947$2,602$2,293$2,017$1,364
13 years$3,043$2,663$2,324$2,024$1,759$1,144
14 years$2,797$2,421$2,088$1,797$1,542$964
15 years$2,583$2,211$1,886$1,602$1,358$815
16 years$2,397$2,029$1,710$1,435$1,200$691
17 years$2,232$1,868$1,556$1,289$1,064$587
18 years$2,086$1,727$1,420$1,162$946$500
19 years$1,956$1,600$1,300$1,050$843$427
20 years$1,839$1,487$1,193$951$753$365
21 years$1,733$1,385$1,097$863$674$312
22 years$1,637$1,293$1,011$785$604$267
23 years$1,549$1,209$934$715$542$229
24 years$1,469$1,133$864$652$487$197
25 years$1,395$1,063$800$595$439$169
26 years$1,327$999$742$544$395$145
27 years$1,264$940$689$498$356$125
28 years$1,206$886$640$456$321$107
29 years$1,152$836$596$419$290$92
30 years$1,101$789$555$384$262$79
31 years$1,054$746$518$353$237$68
32 years$1,010$706$483$324$214$59
33 years$969$669$451$298$194$51
34 years$930$634$421$274$176$44
35 years$894$601$394$253$159$38
36 years$859$571$368$233$144$32
37 years$827$542$345$214$131$28
38 years$796$515$323$197$119$24
39 years$767$490$303$182$107$21
40 years$740$466$284$168$97$18
41 years$714$444$266$155$88$15
42 years$689$422$249$143$80$13
43 years$665$402$234$132$73$11
44 years$643$384$220$122$66$10
45 years$621$366$206$113$60$8
46 years$601$349$194$104$54$7
47 years$582$333$182$96$49$6
48 years$563$318$171$89$45$5
49 years$545$304$161$82$41$5
50 years$528$290$151$76$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $541,000, adding $2,908 every year, while hoping to spend $31,908 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: 41/39/20 Blend
39$541,000$541,000$541,000$541,000
40$599,182$570,509$562,123$620,111
41$626,348$564,514$547,004$629,307
42$655,216$557,156$530,310$635,961
43$685,926$548,334$511,953$642,508
44$718,630$537,942$491,843$648,953
45$753,497$525,867$469,886$655,307
46$790,709$511,990$445,982$661,584
47$830,468$496,184$420,029$667,801
48$872,994$478,315$391,919$673,982
49$918,529$458,243$361,538$680,154
50$967,338$435,816$328,768$686,351
51$1,019,712$410,876$293,487$692,614
52$1,075,970$383,256$255,566$698,994
53$1,136,461$352,779$214,871$705,546
54$1,201,572$319,256$171,260$712,341
55$1,271,723$282,490$124,588$719,456
56$1,347,379$242,272$74,702$726,986
57$1,429,048$198,381$21,441$735,035
58$1,517,292$150,582$0$743,729
59$1,612,724$98,629$0$760,760
60$1,716,022$42,262$0$784,111
61$1,827,928$0$0$809,426
62$1,949,260$0$0$845,019
63$2,080,917$0$0$903,380
64$2,223,886$0$0$966,816
65$2,379,257$0$0$1,035,820
66$2,548,224$0$0$1,110,928
67$2,732,103$0$0$1,192,736
68$2,932,343$0$0$1,281,895
69$3,150,537$0$0$1,379,125
70$3,388,438$0$0$1,485,216
71$3,647,976$0$0$1,601,040
72$3,931,276$0$0$1,727,554
73$4,240,675$0$0$1,865,813
74$4,578,747$0$0$2,016,980
75$4,948,327$0$0$2,182,332
76$5,352,535$0$0$2,363,278
77$5,794,805$0$0$2,561,369
78$6,278,920$0$0$2,778,311
79$6,809,046$0$0$3,015,986
80$7,389,770$0$0$3,276,464
81$8,026,143$0$0$3,562,025
82$8,723,729$0$0$3,875,181
83$9,488,654$0$0$4,218,699
84$10,327,667$0$0$4,595,625
85$11,248,202$0$0$5,009,316
86$12,258,445$0$0$5,463,470
87$13,367,415$0$0$5,962,157
88$14,585,046$0$0$6,509,866
89$15,922,281$0$0$7,111,537
90$17,391,176$0$0$7,772,616
91$19,005,010$0$0$8,499,098
92$20,778,412$0$0$9,297,593
93$22,727,501$0$0$10,175,380
94$24,870,033$0$0$11,140,477
95$27,225,568$0$0$12,201,722
96$29,815,660$0$0$13,368,848
97$32,664,054$0$0$14,652,582
98$35,796,911$0$0$16,064,740
99$39,243,054$0$0$17,618,342
100$43,034,242$0$0$19,327,735