Can I retire at age 40 with 546,000?

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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$45,088$44,687$44,295$43,912$43,539$42,383
2 years$22,321$21,905$21,502$21,112$20,733$19,577
3 years$14,733$14,315$13,913$13,526$13,154$12,033
4 years$10,939$10,523$10,125$9,745$9,381$8,305
5 years$8,664$8,250$7,858$7,485$7,132$6,102
6 years$7,148$6,737$6,350$5,986$5,643$4,662
7 years$6,065$5,658$5,277$4,921$4,589$3,656
8 years$5,253$4,850$4,475$4,128$3,807$2,922
9 years$4,622$4,223$3,855$3,516$3,206$2,368
10 years$4,118$3,722$3,361$3,031$2,732$1,940
11 years$3,705$3,313$2,959$2,638$2,349$1,602
12 years$3,362$2,974$2,626$2,314$2,036$1,332
13 years$3,071$2,688$2,346$2,043$1,775$1,113
14 years$2,823$2,443$2,108$1,813$1,556$935
15 years$2,607$2,232$1,903$1,617$1,370$787
16 years$2,419$2,048$1,725$1,448$1,211$665
17 years$2,253$1,886$1,570$1,301$1,074$563
18 years$2,106$1,742$1,433$1,173$955$478
19 years$1,974$1,615$1,312$1,059$851$406
20 years$1,856$1,501$1,204$960$760$346
21 years$1,749$1,398$1,108$871$680$295
22 years$1,652$1,305$1,021$792$610$252
23 years$1,563$1,220$943$721$547$215
24 years$1,482$1,143$872$658$492$184
25 years$1,408$1,073$807$601$443$157
26 years$1,339$1,008$749$549$399$134
27 years$1,276$949$695$503$360$115
28 years$1,217$894$646$461$324$99
29 years$1,162$844$602$422$293$84
30 years$1,111$797$560$388$265$72
31 years$1,064$753$522$356$239$62
32 years$1,019$713$487$327$216$53
33 years$978$675$455$301$196$46
34 years$939$640$425$277$177$39
35 years$902$607$397$255$161$34
36 years$867$576$372$235$146$29
37 years$834$547$348$216$132$25
38 years$803$520$326$199$120$21
39 years$774$494$305$184$108$18
40 years$746$470$286$170$98$16
41 years$720$448$268$156$89$13
42 years$695$426$252$144$81$11
43 years$671$406$236$133$73$10
44 years$649$387$222$123$67$8
45 years$627$369$208$114$61$7
46 years$607$352$196$105$55$6
47 years$587$336$184$97$50$5
48 years$568$321$173$90$45$5
49 years$550$306$162$83$41$4
50 years$533$293$153$77$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $546,000, adding $6,345 every year, while hoping to spend $31,922 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: 58/27/15 Blend
39$546,000$546,000$546,000$546,000
40$608,237$579,299$570,836$640,823
41$636,312$573,720$555,994$658,022
42$666,181$566,797$539,585$672,692
43$697,994$558,432$521,523$687,941
44$731,913$548,519$501,718$703,831
45$768,117$536,945$480,074$720,429
46$806,803$523,594$456,495$737,812
47$848,185$508,338$430,876$756,066
48$892,500$491,047$403,110$775,289
49$940,006$471,579$373,085$795,587
50$990,986$449,786$340,683$817,082
51$1,045,751$425,510$305,781$839,909
52$1,104,644$398,586$268,251$864,220
53$1,168,039$368,838$227,958$890,184
54$1,236,348$336,081$184,764$917,990
55$1,310,023$300,116$138,521$947,850
56$1,389,562$260,738$89,078$979,998
57$1,475,510$217,727$36,275$1,014,696
58$1,568,467$170,851$0$1,052,237
59$1,669,093$119,865$0$1,096,160
60$1,778,114$64,511$0$1,150,019
61$1,896,326$4,517$0$1,208,433
62$2,024,606$0$0$1,271,882
63$2,163,918$0$0$1,358,842
64$2,315,324$0$0$1,454,851
65$2,479,989$0$0$1,559,311
66$2,659,199$0$0$1,673,042
67$2,854,364$0$0$1,796,945
68$3,067,041$0$0$1,932,015
69$3,298,938$0$0$2,079,343
70$3,551,939$0$0$2,240,131
71$3,828,117$0$0$2,415,704
72$4,129,752$0$0$2,607,518
73$4,459,355$0$0$2,817,177
74$4,819,692$0$0$3,046,448
75$5,213,805$0$0$3,297,276
76$5,645,047$0$0$3,571,800
77$6,117,108$0$0$3,872,379
78$6,634,051$0$0$4,201,610
79$7,200,352$0$0$4,562,351
80$7,820,940$0$0$4,957,751
81$8,501,240$0$0$5,391,278
82$9,247,233$0$0$5,866,751
83$10,065,500$0$0$6,388,378
84$10,963,295$0$0$6,960,793
85$11,948,606$0$0$7,589,099
86$13,030,230$0$0$8,278,918
87$14,217,860$0$0$9,036,445
88$15,522,172$0$0$9,868,502
89$16,954,929$0$0$10,782,604
90$18,529,085$0$0$11,787,031
91$20,258,916$0$0$12,890,905
92$22,160,144$0$0$14,104,274
93$24,250,095$0$0$15,438,209
94$26,547,854$0$0$16,904,908
95$29,074,448$0$0$18,517,808
96$31,853,044$0$0$20,291,715
97$34,909,166$0$0$22,242,941
98$38,270,937$0$0$24,389,458
99$41,969,341$0$0$26,751,068
100$46,038,517$0$0$29,349,590