Can I retire at age 40 with 560,000?

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 $560,000?

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$46,244$45,832$45,430$45,038$44,655$43,558
2 years$22,893$22,467$22,054$21,653$21,264$20,166
3 years$15,111$14,682$14,270$13,873$13,491$12,425
4 years$11,220$10,793$10,385$9,995$9,622$8,597
5 years$8,886$8,462$8,059$7,677$7,314$6,334
6 years$7,331$6,910$6,513$6,139$5,788$4,852
7 years$6,220$5,803$5,412$5,048$4,707$3,816
8 years$5,388$4,974$4,590$4,234$3,905$3,059
9 years$4,741$4,331$3,953$3,607$3,288$2,486
10 years$4,223$3,817$3,447$3,109$2,802$2,043
11 years$3,800$3,398$3,034$2,706$2,410$1,693
12 years$3,448$3,050$2,693$2,373$2,088$1,412
13 years$3,150$2,757$2,406$2,095$1,821$1,184
14 years$2,895$2,506$2,162$1,860$1,596$997
15 years$2,674$2,289$1,952$1,659$1,405$843
16 years$2,481$2,100$1,770$1,485$1,242$715
17 years$2,311$1,934$1,610$1,334$1,101$608
18 years$2,160$1,787$1,470$1,203$979$518
19 years$2,025$1,656$1,346$1,087$873$442
20 years$1,903$1,539$1,235$984$780$378
21 years$1,794$1,434$1,136$893$698$323
22 years$1,694$1,338$1,047$812$625$277
23 years$1,603$1,252$967$740$561$237
24 years$1,520$1,173$894$675$505$204
25 years$1,444$1,101$828$616$454$175
26 years$1,373$1,034$768$563$409$150
27 years$1,308$973$713$516$369$129
28 years$1,248$917$663$472$333$111
29 years$1,192$865$617$433$300$95
30 years$1,140$817$575$398$271$82
31 years$1,091$773$536$365$245$71
32 years$1,046$731$500$336$222$61
33 years$1,003$692$467$309$201$52
34 years$963$656$436$284$182$45
35 years$925$622$408$261$165$39
36 years$889$591$381$241$149$33
37 years$856$561$357$222$135$29
38 years$824$533$334$204$123$25
39 years$794$507$313$188$111$21
40 years$766$482$294$174$101$18
41 years$739$459$275$160$92$16
42 years$713$437$258$148$83$14
43 years$689$417$242$137$75$12
44 years$665$397$227$126$68$10
45 years$643$379$214$117$62$9
46 years$622$361$201$108$56$8
47 years$602$345$188$99$51$7
48 years$583$329$177$92$47$6
49 years$564$314$166$85$42$5
50 years$547$300$156$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $560,000, adding $3,520 every year, while hoping to spend $29,682 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: 56/38/6 Blend
39$560,000$560,000$560,000$560,000
40$620,751$591,071$582,391$654,522
41$652,486$588,452$570,320$675,052
42$686,463$584,710$556,849$693,770
43$722,880$579,758$541,901$713,423
44$761,953$573,506$525,394$734,102
45$803,920$565,855$507,242$755,910
46$849,041$556,703$487,356$778,961
47$897,602$545,940$465,641$803,383
48$949,919$533,453$442,002$829,318
49$1,006,336$519,117$416,334$856,924
50$1,067,232$502,804$388,531$886,377
51$1,133,025$484,376$358,482$917,872
52$1,204,172$463,689$326,070$951,628
53$1,281,177$440,589$291,172$987,886
54$1,364,593$414,914$253,662$1,026,915
55$1,455,028$386,492$213,407$1,069,014
56$1,553,152$355,141$170,268$1,114,516
57$1,659,701$320,671$124,099$1,163,789
58$1,775,484$282,877$74,749$1,217,242
59$1,901,391$241,545$22,061$1,275,330
60$2,038,402$196,450$0$1,338,558
61$2,187,595$147,352$0$1,409,670
62$2,350,156$93,999$0$1,488,751
63$2,527,390$36,123$0$1,575,085
64$2,720,733$0$0$1,669,447
65$2,931,768$0$0$1,783,798
66$3,162,233$0$0$1,925,222
67$3,414,047$0$0$2,079,794
68$3,689,317$0$0$2,248,815
69$3,990,366$0$0$2,433,719
70$4,319,752$0$0$2,636,081
71$4,680,289$0$0$2,857,640
72$5,075,079$0$0$3,100,307
73$5,507,536$0$0$3,366,188
74$5,981,419$0$0$3,657,604
75$6,500,870$0$0$3,977,107
76$7,070,449$0$0$4,327,513
77$7,695,180$0$0$4,711,919
78$8,380,596$0$0$5,133,739
79$9,132,789$0$0$5,596,733
80$9,958,474$0$0$6,105,042
81$10,865,043$0$0$6,663,227
82$11,860,644$0$0$7,276,315
83$12,954,247$0$0$7,949,841
84$14,155,739$0$0$8,689,904
85$15,476,007$0$0$9,503,223
86$16,927,049$0$0$10,397,199
87$18,522,080$0$0$11,379,987
88$20,275,662$0$0$12,460,571
89$22,203,836$0$0$13,648,849
90$24,324,274$0$0$14,955,727
91$26,656,451$0$0$16,393,218
92$29,221,819$0$0$17,974,562
93$32,044,017$0$0$19,714,345
94$35,149,088$0$0$21,628,636
95$38,565,729$0$0$23,735,142
96$42,325,557$0$0$26,053,374
97$46,463,411$0$0$28,604,830
98$51,017,676$0$0$31,413,195
99$56,030,649$0$0$34,504,569
100$61,548,934$0$0$37,907,712