Can I retire at age 40 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$44,923$44,523$44,132$43,751$43,379$41,691
2 years$22,239$21,825$21,424$21,034$20,657$18,976
3 years$14,679$14,263$13,862$13,477$13,106$11,486
4 years$10,899$10,485$10,088$9,709$9,347$7,800
5 years$8,632$8,220$7,829$7,458$7,105$5,636
6 years$7,121$6,712$6,327$5,964$5,622$4,230
7 years$6,043$5,637$5,258$4,903$4,572$3,258
8 years$5,234$4,832$4,459$4,113$3,793$2,555
9 years$4,605$4,207$3,841$3,504$3,194$2,031
10 years$4,103$3,708$3,348$3,020$2,722$1,630
11 years$3,692$3,301$2,948$2,628$2,341$1,319
12 years$3,349$2,963$2,616$2,305$2,029$1,073
13 years$3,060$2,678$2,337$2,035$1,769$878
14 years$2,812$2,434$2,100$1,807$1,551$721
15 years$2,598$2,224$1,896$1,611$1,365$593
16 years$2,410$2,040$1,719$1,443$1,207$490
17 years$2,245$1,879$1,564$1,296$1,070$405
18 years$2,098$1,736$1,428$1,168$951$336
19 years$1,967$1,609$1,307$1,056$848$279
20 years$1,849$1,495$1,200$956$757$232
21 years$1,742$1,393$1,104$868$678$193
22 years$1,646$1,300$1,017$789$608$160
23 years$1,557$1,216$939$718$545$133
24 years$1,477$1,139$868$655$490$111
25 years$1,403$1,069$804$598$441$93
26 years$1,334$1,005$746$547$397$77
27 years$1,271$946$693$501$358$64
28 years$1,212$891$644$459$323$54
29 years$1,158$841$599$421$292$45
30 years$1,107$794$558$386$264$37
31 years$1,060$750$520$355$238$31
32 years$1,016$710$486$326$216$26
33 years$974$672$453$300$195$22
34 years$935$637$424$276$177$18
35 years$899$605$396$254$160$15
36 years$864$574$370$234$145$13
37 years$831$545$347$215$131$11
38 years$801$518$325$199$119$9
39 years$771$492$304$183$108$7
40 years$744$469$285$169$98$6
41 years$718$446$267$156$89$5
42 years$693$425$251$144$81$4
43 years$669$405$235$133$73$4
44 years$646$386$221$123$66$3
45 years$625$368$207$113$60$3
46 years$604$351$195$105$55$2
47 years$585$335$183$97$50$2
48 years$566$320$172$89$45$1
49 years$548$305$162$82$41$1
50 years$531$292$152$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $544,000, adding $4,009 every year, while hoping to spend $29,268 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: 67/22/11 Blend
39$544,000$544,000$544,000$544,000
40$603,623$574,791$566,359$642,374
41$634,052$571,815$554,191$665,691
42$666,603$567,712$540,635$687,318
43$701,463$562,396$525,613$710,206
44$738,835$555,776$509,043$734,474
45$778,942$547,755$490,842$760,256
46$822,030$538,231$470,921$787,698
47$868,367$527,094$449,187$816,965
48$918,249$514,230$425,543$848,236
49$972,000$499,517$399,888$881,711
50$1,029,976$482,826$372,117$917,612
51$1,092,570$464,020$342,119$956,184
52$1,160,210$442,955$309,778$997,699
53$1,233,369$419,479$274,973$1,042,455
54$1,312,568$393,428$237,580$1,090,785
55$1,398,377$364,633$197,466$1,143,058
56$1,491,424$332,913$154,494$1,199,678
57$1,592,400$298,076$108,520$1,261,096
58$1,702,065$259,922$59,395$1,327,809
59$1,821,253$218,236$6,963$1,400,366
60$1,950,884$172,792$0$1,479,377
61$2,091,969$123,354$0$1,571,264
62$2,245,621$69,669$0$1,672,266
63$2,413,064$11,473$0$1,782,407
64$2,595,645$0$0$1,902,618
65$2,794,848$0$0$2,046,396
66$3,012,305$0$0$2,206,412
67$3,249,812$0$0$2,381,216
68$3,509,348$0$0$2,572,267
69$3,793,090$0$0$2,781,172
70$4,103,436$0$0$3,009,701
71$4,443,026$0$0$3,259,803
72$4,814,767$0$0$3,533,624
73$5,221,861$0$0$3,833,526
74$5,667,831$0$0$4,162,111
75$6,156,560$0$0$4,522,245
76$6,692,325$0$0$4,917,085
77$7,279,832$0$0$5,350,105
78$7,924,270$0$0$5,825,135
79$8,631,349$0$0$6,346,392
80$9,407,364$0$0$6,918,520
81$10,259,243$0$0$7,546,636
82$11,194,623$0$0$8,236,377
83$12,221,913$0$0$8,993,951
84$13,350,377$0$0$9,826,197
85$14,590,223$0$0$10,740,651
86$15,952,694$0$0$11,745,613
87$17,450,176$0$0$12,850,227
88$19,096,315$0$0$14,064,569
89$20,906,147$0$0$15,399,738
90$22,896,235$0$0$16,867,962
91$25,084,828$0$0$18,482,715
92$27,492,033$0$0$20,258,840
93$30,140,003$0$0$22,212,693
94$33,053,144$0$0$24,362,294
95$36,258,349$0$0$26,727,498
96$39,785,250$0$0$29,330,180
97$43,666,495$0$0$32,194,445
98$47,938,055$0$0$35,346,851
99$52,639,568$0$0$38,816,662
100$57,814,708$0$0$42,636,124