Can I retire at age 40 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$46,492$46,078$45,674$45,279$44,894$43,562
2 years$23,016$22,587$22,172$21,769$21,378$20,047
3 years$15,191$14,761$14,347$13,948$13,563$12,275
4 years$11,280$10,851$10,441$10,048$9,673$8,438
5 years$8,934$8,507$8,102$7,718$7,354$6,174
6 years$7,370$6,947$6,548$6,172$5,819$4,696
7 years$6,254$5,834$5,441$5,075$4,732$3,666
8 years$5,417$5,001$4,615$4,257$3,926$2,916
9 years$4,766$4,354$3,975$3,626$3,306$2,352
10 years$4,246$3,838$3,465$3,126$2,817$1,917
11 years$3,821$3,417$3,051$2,720$2,423$1,575
12 years$3,466$3,067$2,707$2,386$2,099$1,303
13 years$3,167$2,771$2,419$2,106$1,831$1,083
14 years$2,910$2,519$2,173$1,870$1,605$904
15 years$2,688$2,301$1,962$1,668$1,413$757
16 years$2,494$2,111$1,779$1,493$1,249$636
17 years$2,323$1,944$1,619$1,342$1,107$536
18 years$2,171$1,797$1,478$1,209$985$452
19 years$2,036$1,665$1,353$1,092$878$382
20 years$1,913$1,547$1,242$989$784$323
21 years$1,803$1,441$1,142$898$701$274
22 years$1,703$1,345$1,053$816$629$232
23 years$1,612$1,258$972$744$564$197
24 years$1,528$1,179$899$678$507$167
25 years$1,452$1,106$832$619$456$142
26 years$1,381$1,040$772$566$411$121
27 years$1,315$979$717$518$371$103
28 years$1,255$922$666$475$335$87
29 years$1,198$870$620$436$302$74
30 years$1,146$822$578$400$273$63
31 years$1,097$777$539$367$247$54
32 years$1,051$735$503$337$223$46
33 years$1,008$696$469$310$202$39
34 years$968$660$438$285$183$33
35 years$930$626$410$263$166$28
36 years$894$594$383$242$150$24
37 years$860$564$359$223$136$21
38 years$829$536$336$206$123$18
39 years$798$510$315$190$112$15
40 years$770$485$295$175$101$13
41 years$743$462$277$161$92$11
42 years$717$440$260$149$84$9
43 years$692$419$244$137$76$8
44 years$669$399$229$127$69$7
45 years$647$381$215$117$62$6
46 years$625$363$202$108$57$5
47 years$605$347$189$100$51$4
48 years$586$331$178$92$47$4
49 years$567$316$167$85$42$3
50 years$550$302$157$79$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $563,000, adding $5,856 every year, while hoping to spend $22,698 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: 47/32/21 Blend
39$563,000$563,000$563,000$563,000
40$626,466$596,627$587,901$651,916
41$666,216$601,712$583,445$675,377
42$709,258$606,284$578,079$698,094
43$755,907$610,296$571,749$722,284
44$806,504$613,696$564,397$748,093
45$861,427$616,426$555,964$775,685
46$921,091$618,430$546,388$805,242
47$985,952$619,643$535,602$836,966
48$1,056,513$619,999$523,538$871,078
49$1,133,326$619,428$510,125$907,827
50$1,216,999$617,853$495,288$947,484
51$1,308,201$615,196$478,948$990,354
52$1,407,668$611,371$461,024$1,036,771
53$1,516,211$606,289$441,429$1,087,107
54$1,634,722$599,854$420,073$1,141,771
55$1,764,181$591,965$396,864$1,201,219
56$1,905,672$582,516$371,703$1,265,952
57$2,060,383$571,392$344,488$1,336,528
58$2,229,625$558,473$315,111$1,413,561
59$2,414,841$543,632$283,462$1,497,732
60$2,617,620$526,735$249,422$1,589,794
61$2,839,710$507,638$212,871$1,690,577
62$3,083,039$486,191$173,681$1,801,002
63$3,349,729$462,234$131,719$1,922,085
64$3,642,116$435,598$86,846$2,054,950
65$3,962,774$406,105$38,918$2,200,839
66$4,314,538$373,565$0$2,361,123
67$4,700,529$337,778$0$2,540,060
68$5,124,188$298,534$0$2,746,067
69$5,589,303$255,610$0$2,972,302
70$6,100,046$208,769$0$3,220,848
71$6,661,016$157,764$0$3,494,001
72$7,277,275$102,330$0$3,794,296
73$7,954,403$42,190$0$4,124,528
74$8,698,546$0$0$4,487,783
75$9,516,474$0$0$4,895,544
76$10,415,647$0$0$5,360,210
77$11,404,284$0$0$5,871,178
78$12,491,437$0$0$6,433,139
79$13,687,084$0$0$7,051,257
80$15,002,215$0$0$7,731,224
81$16,448,940$0$0$8,479,311
82$18,040,599$0$0$9,302,427
83$19,791,895$0$0$10,208,186
84$21,719,025$0$0$11,204,974
85$23,839,835$0$0$12,302,035
86$26,173,990$0$0$13,509,551
87$28,743,157$0$0$14,838,745
88$31,571,211$0$0$16,301,980
89$34,684,458$0$0$17,912,880
90$38,111,886$0$0$19,686,457
91$41,885,434$0$0$21,639,252
92$46,040,297$0$0$23,789,493
93$50,615,257$0$0$26,157,264
94$55,653,046$0$0$28,764,697
95$61,200,753$0$0$31,636,179
96$67,310,266$0$0$34,798,583
97$74,038,761$0$0$38,281,520
98$81,449,242$0$0$42,117,622
99$89,611,135$0$0$46,342,845
100$98,600,945$0$0$50,996,811