Can I retire at age 40 with 547,000?

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 $547,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$45,171$44,768$44,376$43,993$43,619$41,871
2 years$22,362$21,945$21,542$21,150$20,771$19,032
3 years$14,760$14,341$13,939$13,551$13,178$11,503
4 years$10,959$10,543$10,144$9,763$9,399$7,800
5 years$8,680$8,265$7,872$7,499$7,145$5,627
6 years$7,161$6,749$6,362$5,997$5,653$4,217
7 years$6,076$5,668$5,287$4,930$4,598$3,242
8 years$5,263$4,859$4,484$4,136$3,814$2,538
9 years$4,631$4,230$3,862$3,523$3,212$2,013
10 years$4,125$3,729$3,367$3,037$2,737$1,613
11 years$3,712$3,320$2,964$2,643$2,354$1,302
12 years$3,368$2,979$2,630$2,318$2,040$1,058
13 years$3,077$2,693$2,350$2,047$1,779$863
14 years$2,828$2,447$2,112$1,817$1,559$707
15 years$2,612$2,236$1,907$1,620$1,373$581
16 years$2,423$2,051$1,729$1,451$1,213$479
17 years$2,257$1,889$1,573$1,303$1,076$395
18 years$2,110$1,746$1,436$1,175$957$327
19 years$1,978$1,618$1,314$1,061$853$271
20 years$1,859$1,503$1,206$961$762$224
21 years$1,752$1,400$1,110$872$682$186
22 years$1,655$1,307$1,023$793$611$154
23 years$1,566$1,223$944$722$548$128
24 years$1,485$1,145$873$659$493$107
25 years$1,410$1,075$809$602$444$89
26 years$1,342$1,010$750$550$400$74
27 years$1,278$951$697$504$360$61
28 years$1,219$896$648$461$325$51
29 years$1,164$845$603$423$293$43
30 years$1,113$798$561$388$265$35
31 years$1,066$755$523$357$240$30
32 years$1,021$714$488$328$217$25
33 years$980$676$456$301$196$20
34 years$940$641$426$277$178$17
35 years$904$608$398$255$161$14
36 years$869$577$373$235$146$12
37 years$836$548$349$217$132$10
38 years$805$521$327$200$120$8
39 years$776$495$306$184$109$7
40 years$748$471$287$170$99$6
41 years$721$448$269$157$89$5
42 years$696$427$252$145$81$4
43 years$673$407$237$133$74$3
44 years$650$388$222$123$67$3
45 years$628$370$209$114$61$2
46 years$608$353$196$105$55$2
47 years$588$337$184$97$50$2
48 years$569$321$173$90$45$1
49 years$551$307$163$83$41$1
50 years$534$293$153$77$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $547,000, adding $3,108 every year, while hoping to spend $25,957 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: 39/46/15 Blend
39$547,000$547,000$547,000$547,000
40$606,000$577,009$568,530$626,797
41$640,194$577,664$559,958$642,556
42$677,006$577,482$550,229$656,839
43$716,675$576,393$539,276$671,725
44$759,465$574,325$527,031$687,282
45$805,664$571,201$513,420$703,584
46$855,591$566,940$498,369$720,719
47$909,595$561,453$481,798$738,780
48$968,059$554,650$463,624$757,877
49$1,031,406$546,432$443,760$778,130
50$1,100,099$536,697$422,115$799,675
51$1,174,648$525,335$398,596$822,664
52$1,255,616$512,229$373,102$847,266
53$1,343,618$497,258$345,531$873,672
54$1,439,335$480,291$315,773$902,093
55$1,543,512$461,191$283,717$932,768
56$1,656,973$439,812$249,244$965,961
57$1,780,621$416,000$212,231$1,001,968
58$1,915,453$389,592$172,549$1,041,117
59$2,062,563$360,416$130,063$1,083,777
60$2,223,158$328,290$84,634$1,130,355
61$2,398,566$293,022$36,115$1,181,308
62$2,590,248$254,408$0$1,237,140
63$2,799,812$212,233$0$1,300,924
64$3,029,031$166,271$0$1,377,108
65$3,279,855$116,281$0$1,460,629
66$3,554,432$62,010$0$1,552,288
67$3,855,127$3,191$0$1,652,972
68$4,184,543$0$0$1,763,665
69$4,545,551$0$0$1,916,057
70$4,941,308$0$0$2,084,963
71$5,375,293$0$0$2,270,262
72$5,851,340$0$0$2,473,600
73$6,373,668$0$0$2,696,788
74$6,946,926$0$0$2,941,825
75$7,576,235$0$0$3,210,909
76$8,267,237$0$0$3,506,464
77$9,026,145$0$0$3,831,159
78$9,859,805$0$0$4,187,934
79$10,775,757$0$0$4,580,029
80$11,782,309$0$0$5,011,013
81$12,888,614$0$0$5,484,818
82$14,104,754$0$0$6,005,775
83$15,441,837$0$0$6,578,657
84$16,912,102$0$0$7,208,723
85$18,529,033$0$0$7,901,765
86$20,307,486$0$0$8,664,167
87$22,263,829$0$0$9,502,961
88$24,416,095$0$0$10,425,896
89$26,784,155$0$0$11,441,510
90$29,389,902$0$0$12,559,209
91$32,257,459$0$0$13,789,361
92$35,413,405$0$0$15,143,384
93$38,887,027$0$0$16,633,865
94$42,710,593$0$0$18,274,669
95$46,919,662$0$0$20,081,075
96$51,553,413$0$0$22,069,921
97$56,655,016$0$0$24,259,757
98$62,272,043$0$0$26,671,025
99$68,456,909$0$0$29,326,251
100$75,267,376$0$0$32,250,256