Can I retire at age 40 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$46,327$45,914$45,512$45,119$44,735$43,216
2 years$22,934$22,507$22,093$21,692$21,302$19,788
3 years$15,138$14,709$14,296$13,898$13,515$12,052
4 years$11,240$10,812$10,404$10,013$9,639$8,239
5 years$8,902$8,477$8,074$7,691$7,327$5,993
6 years$7,344$6,922$6,525$6,150$5,798$4,531
7 years$6,232$5,813$5,422$5,057$4,715$3,516
8 years$5,398$4,983$4,598$4,242$3,912$2,778
9 years$4,749$4,339$3,961$3,613$3,294$2,226
10 years$4,231$3,824$3,453$3,115$2,807$1,802
11 years$3,807$3,404$3,040$2,711$2,414$1,470
12 years$3,454$3,056$2,698$2,378$2,092$1,207
13 years$3,156$2,761$2,410$2,099$1,824$996
14 years$2,900$2,510$2,166$1,863$1,599$825
15 years$2,679$2,293$1,955$1,662$1,408$686
16 years$2,485$2,104$1,773$1,488$1,244$571
17 years$2,315$1,938$1,613$1,337$1,103$477
18 years$2,164$1,790$1,473$1,205$981$399
19 years$2,028$1,659$1,348$1,089$874$335
20 years$1,907$1,542$1,237$986$781$281
21 years$1,797$1,436$1,138$895$699$236
22 years$1,697$1,341$1,049$814$627$198
23 years$1,606$1,254$968$741$562$167
24 years$1,523$1,175$896$676$505$140
25 years$1,446$1,102$830$617$455$118
26 years$1,376$1,036$769$564$410$100
27 years$1,311$975$714$517$369$84
28 years$1,250$919$664$473$333$71
29 years$1,194$867$618$434$301$60
30 years$1,142$819$576$398$272$50
31 years$1,093$774$537$366$246$43
32 years$1,047$732$501$336$222$36
33 years$1,005$693$468$309$201$30
34 years$964$657$437$284$182$26
35 years$927$623$408$262$165$22
36 years$891$592$382$241$150$18
37 years$857$562$358$222$136$15
38 years$826$534$335$205$123$13
39 years$795$508$314$189$111$11
40 years$767$483$294$174$101$9
41 years$740$460$276$161$92$8
42 years$714$438$259$148$83$7
43 years$690$417$243$137$76$6
44 years$667$398$228$126$69$5
45 years$644$379$214$117$62$4
46 years$623$362$201$108$56$3
47 years$603$345$189$100$51$3
48 years$584$330$177$92$47$2
49 years$565$315$167$85$42$2
50 years$548$301$157$79$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $561,000, adding $3,026 every year, while hoping to spend $22,124 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: 40/50/10 Blend
39$561,000$561,000$561,000$561,000
40$621,343$591,610$582,915$644,218
41$661,181$597,059$578,903$666,052
42$704,340$602,034$574,015$687,231
43$751,136$606,488$568,198$709,646
44$801,917$610,370$561,398$733,418
45$857,064$613,630$553,556$758,682
46$916,996$616,209$544,611$785,586
47$982,175$618,049$534,502$814,297
48$1,053,110$619,086$523,160$844,998
49$1,130,358$619,253$510,517$877,893
50$1,214,536$618,477$496,501$913,208
51$1,306,319$616,684$481,034$951,195
52$1,406,454$613,791$464,038$992,129
53$1,515,759$609,713$445,430$1,036,321
54$1,635,137$604,360$425,123$1,084,110
55$1,765,582$597,635$403,026$1,135,875
56$1,908,188$589,435$379,044$1,192,035
57$2,064,159$579,653$353,077$1,253,054
58$2,234,820$568,174$325,023$1,319,445
59$2,421,634$554,876$294,773$1,391,778
60$2,626,206$539,631$262,214$1,470,681
61$2,850,308$522,302$227,227$1,556,852
62$3,095,890$502,745$189,689$1,651,062
63$3,365,098$480,807$149,472$1,754,164
64$3,660,299$456,328$106,440$1,867,102
65$3,984,097$429,135$60,453$1,990,921
66$4,339,362$399,050$11,365$2,126,776
67$4,729,254$365,880$0$2,275,944
68$5,157,254$329,424$0$2,444,213
69$5,627,197$289,469$0$2,630,348
70$6,143,306$245,788$0$2,834,878
71$6,710,237$198,145$0$3,059,728
72$7,333,114$146,287$0$3,307,028
73$8,017,585$89,949$0$3,579,126
74$8,769,872$28,850$0$3,878,618
75$9,596,828$0$0$4,208,370
76$10,506,006$0$0$4,592,072
77$11,505,724$0$0$5,031,520
78$12,605,149$0$0$5,514,880
79$13,814,380$0$0$6,046,603
80$15,144,542$0$0$6,631,591
81$16,607,895$0$0$7,275,247
82$18,217,946$0$0$7,983,524
83$19,989,579$0$0$8,762,980
84$21,939,189$0$0$9,620,843
85$24,084,847$0$0$10,565,076
86$26,446,459$0$0$11,604,451
87$29,045,961$0$0$12,748,638
88$31,907,525$0$0$14,008,288
89$35,057,782$0$0$15,395,140
90$38,526,081$0$0$16,922,129
91$42,344,756$0$0$18,603,506
92$46,549,440$0$0$20,454,976
93$51,179,396$0$0$22,493,844
94$56,277,888$0$0$24,739,179
95$61,892,589$0$0$27,211,993
96$68,076,031$0$0$29,935,441
97$74,886,102$0$0$32,935,038
98$82,386,590$0$0$36,238,898
99$90,647,783$0$0$39,878,003
100$99,747,138$0$0$43,886,493