Can I retire at age 40 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$45,006$44,605$44,214$43,832$43,459$42,616
2 years$22,280$21,865$21,463$21,073$20,695$19,849
3 years$14,706$14,289$13,888$13,502$13,130$12,308
4 years$10,919$10,504$10,107$9,727$9,364$8,572
5 years$8,648$8,235$7,843$7,471$7,118$6,358
6 years$7,135$6,725$6,339$5,975$5,633$4,905
7 years$6,054$5,647$5,267$4,912$4,581$3,887
8 years$5,244$4,841$4,467$4,121$3,800$3,139
9 years$4,614$4,215$3,848$3,510$3,200$2,572
10 years$4,110$3,715$3,354$3,026$2,727$2,130
11 years$3,698$3,307$2,953$2,633$2,345$1,779
12 years$3,356$2,969$2,621$2,310$2,032$1,497
13 years$3,066$2,683$2,342$2,039$1,772$1,266
14 years$2,817$2,438$2,104$1,810$1,553$1,076
15 years$2,602$2,228$1,900$1,614$1,368$918
16 years$2,415$2,044$1,722$1,445$1,209$786
17 years$2,249$1,882$1,567$1,299$1,072$674
18 years$2,102$1,739$1,431$1,170$953$580
19 years$1,970$1,612$1,310$1,058$849$499
20 years$1,852$1,498$1,202$958$759$431
21 years$1,746$1,395$1,106$869$679$373
22 years$1,649$1,302$1,019$790$609$322
23 years$1,560$1,218$941$720$546$279
24 years$1,479$1,141$870$657$491$242
25 years$1,405$1,071$806$600$442$210
26 years$1,337$1,007$747$548$398$182
27 years$1,273$947$694$502$359$158
28 years$1,215$893$645$460$324$138
29 years$1,160$842$600$422$292$120
30 years$1,109$795$559$387$264$104
31 years$1,062$752$521$355$239$91
32 years$1,018$711$486$327$216$79
33 years$976$674$454$300$196$69
34 years$937$639$424$276$177$60
35 years$900$606$397$254$160$52
36 years$866$575$371$234$145$45
37 years$833$546$347$216$132$39
38 years$802$519$325$199$119$34
39 years$773$493$305$183$108$30
40 years$745$469$286$169$98$26
41 years$719$447$268$156$89$23
42 years$694$426$251$144$81$20
43 years$670$405$236$133$73$17
44 years$648$386$221$123$67$15
45 years$626$369$208$113$60$13
46 years$605$352$195$105$55$11
47 years$586$336$183$97$50$10
48 years$567$320$172$89$45$9
49 years$549$306$162$83$41$8
50 years$532$292$152$76$37$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $545,000, adding $6,506 every year, while hoping to spend $24,662 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: 45/44/11 Blend
39$545,000$545,000$545,000$545,000
40$607,301$578,416$569,968$632,454
41$643,005$580,518$562,822$652,662
42$681,525$581,897$554,610$671,525
43$723,122$582,490$545,270$691,426
44$768,081$582,234$534,738$712,468
45$816,719$581,057$522,946$734,768
46$869,383$578,887$509,823$758,457
47$926,453$575,646$495,295$783,679
48$988,349$571,250$479,285$810,595
49$1,055,531$565,612$461,711$839,384
50$1,128,506$558,638$442,490$870,243
51$1,207,832$550,229$421,531$903,395
52$1,294,123$540,282$398,744$939,085
53$1,388,052$528,685$374,031$977,585
54$1,490,363$515,320$347,290$1,019,197
55$1,601,872$500,063$318,417$1,064,258
56$1,723,479$482,782$287,300$1,113,141
57$1,856,175$463,339$253,825$1,166,258
58$2,001,047$441,585$217,871$1,224,069
59$2,159,296$417,365$179,312$1,287,082
60$2,332,242$390,513$138,016$1,355,860
61$2,521,338$360,856$93,848$1,431,029
62$2,728,186$328,209$46,662$1,513,281
63$2,954,546$292,377$0$1,603,383
64$3,202,360$253,153$0$1,702,618
65$3,473,764$210,321$0$1,817,365
66$3,771,111$163,650$0$1,943,204
67$4,096,993$112,897$0$2,081,307
68$4,454,263$57,806$0$2,232,971
69$4,846,065$0$0$2,399,630
70$5,275,862$0$0$2,583,784
71$5,747,466$0$0$2,816,629
72$6,265,078$0$0$3,072,256
73$6,833,324$0$0$3,352,959
74$7,457,301$0$0$3,661,265
75$8,142,624$0$0$3,999,958
76$8,895,477$0$0$4,372,101
77$9,722,674$0$0$4,781,075
78$10,631,721$0$0$5,230,598
79$11,630,886$0$0$5,724,772
80$12,729,280$0$0$6,268,111
81$13,936,940$0$0$6,865,593
82$15,264,923$0$0$7,522,699
83$16,725,412$0$0$8,245,470
84$18,331,831$0$0$9,040,560
85$20,098,967$0$0$9,915,302
86$22,043,117$0$0$10,877,775
87$24,182,232$0$0$11,936,879
88$26,536,094$0$0$13,102,425
89$29,126,500$0$0$14,385,217
90$31,977,465$0$0$15,797,164
91$35,115,449$0$0$17,351,386
92$38,569,611$0$0$19,062,340
93$42,372,078$0$0$20,945,957
94$46,558,250$0$0$23,019,789
95$51,167,134$0$0$25,303,179
96$56,241,713$0$0$27,817,439
97$61,829,348$0$0$30,586,053
98$67,982,228$0$0$33,634,899
99$74,757,859$0$0$36,992,494
100$82,219,610$0$0$40,690,259