Can I retire at age 40 with 561,000?

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 $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%15.9%
1 years$46,327$45,914$45,512$45,119$44,735$43,653
2 years$22,934$22,507$22,093$21,692$21,302$20,219
3 years$15,138$14,709$14,296$13,898$13,515$12,464
4 years$11,240$10,812$10,404$10,013$9,639$8,629
5 years$8,902$8,477$8,074$7,691$7,327$6,360
6 years$7,344$6,922$6,525$6,150$5,798$4,875
7 years$6,232$5,813$5,422$5,057$4,715$3,836
8 years$5,398$4,983$4,598$4,242$3,912$3,077
9 years$4,749$4,339$3,961$3,613$3,294$2,503
10 years$4,231$3,824$3,453$3,115$2,807$2,057
11 years$3,807$3,404$3,040$2,711$2,414$1,706
12 years$3,454$3,056$2,698$2,378$2,092$1,424
13 years$3,156$2,761$2,410$2,099$1,824$1,195
14 years$2,900$2,510$2,166$1,863$1,599$1,007
15 years$2,679$2,293$1,955$1,662$1,408$852
16 years$2,485$2,104$1,773$1,488$1,244$723
17 years$2,315$1,938$1,613$1,337$1,103$615
18 years$2,164$1,790$1,473$1,205$981$524
19 years$2,028$1,659$1,348$1,089$874$448
20 years$1,907$1,542$1,237$986$781$383
21 years$1,797$1,436$1,138$895$699$328
22 years$1,697$1,341$1,049$814$627$281
23 years$1,606$1,254$968$741$562$241
24 years$1,523$1,175$896$676$505$207
25 years$1,446$1,102$830$617$455$178
26 years$1,376$1,036$769$564$410$153
27 years$1,311$975$714$517$369$132
28 years$1,250$919$664$473$333$113
29 years$1,194$867$618$434$301$98
30 years$1,142$819$576$398$272$84
31 years$1,093$774$537$366$246$72
32 years$1,047$732$501$336$222$62
33 years$1,005$693$468$309$201$54
34 years$964$657$437$284$182$46
35 years$927$623$408$262$165$40
36 years$891$592$382$241$150$34
37 years$857$562$358$222$136$30
38 years$826$534$335$205$123$26
39 years$795$508$314$189$111$22
40 years$767$483$294$174$101$19
41 years$740$460$276$161$92$16
42 years$714$438$259$148$83$14
43 years$690$417$243$137$76$12
44 years$667$398$228$126$69$11
45 years$644$379$214$117$62$9
46 years$623$362$201$108$56$8
47 years$603$345$189$100$51$7
48 years$584$330$177$92$47$6
49 years$565$315$167$85$42$5
50 years$548$301$157$79$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $561,000, adding $5,321 every year, while hoping to spend $37,873 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: 44/39/17 Blend
39$561,000$561,000$561,000$561,000
40$623,711$593,978$585,282$647,876
41$647,033$582,786$564,592$654,161
42$671,464$569,777$541,940$656,793
43$697,078$554,820$517,220$658,842
44$723,954$537,781$490,321$660,271
45$752,179$518,513$461,128$661,042
46$781,845$496,864$429,520$661,117
47$813,055$472,672$395,371$660,456
48$845,919$445,766$358,548$659,021
49$880,559$415,964$318,916$656,771
50$917,105$383,076$276,328$653,667
51$955,700$346,897$230,636$649,670
52$996,502$307,215$181,682$644,739
53$1,039,679$263,803$129,303$638,837
54$1,085,420$216,423$73,328$631,925
55$1,133,926$164,821$13,578$623,968
56$1,185,420$108,731$0$614,932
57$1,240,145$47,871$0$613,890
58$1,298,368$0$0$614,928
59$1,360,378$0$0$623,344
60$1,426,496$0$0$654,260
61$1,497,069$0$0$687,301
62$1,572,480$0$0$722,650
63$1,653,148$0$0$760,511
64$1,739,534$0$0$801,104
65$1,832,140$0$0$844,672
66$1,931,520$0$0$891,483
67$2,038,281$0$0$941,830
68$2,153,088$0$0$996,033
69$2,276,673$0$0$1,054,446
70$2,409,839$0$0$1,117,458
71$2,553,467$0$0$1,185,493
72$2,708,527$0$0$1,259,020
73$2,876,084$0$0$1,338,555
74$3,057,306$0$0$1,424,662
75$3,253,481$0$0$1,517,964
76$3,466,022$0$0$1,619,144
77$3,696,484$0$0$1,728,954
78$3,946,576$0$0$1,848,222
79$4,218,179$0$0$1,977,857
80$4,513,360$0$0$2,118,859
81$4,834,395$0$0$2,272,331
82$5,183,787$0$0$2,439,484
83$5,564,290$0$0$2,621,650
84$5,978,934$0$0$2,820,297
85$6,431,056$0$0$3,037,040
86$6,924,325$0$0$3,273,657
87$7,462,782$0$0$3,532,105
88$8,050,876$0$0$3,814,536
89$8,693,502$0$0$4,123,324
90$9,396,052$0$0$4,461,079
91$10,164,460$0$0$4,830,676
92$11,005,260$0$0$5,235,280
93$11,925,650$0$0$5,678,379
94$12,933,551$0$0$6,163,810
95$14,037,690$0$0$6,695,801
96$15,247,676$0$0$7,279,009
97$16,574,091$0$0$7,918,562
98$18,028,593$0$0$8,620,107
99$19,624,018$0$0$9,389,867
100$21,374,507$0$0$10,234,693