Can I retire at age 40 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$42,115$41,740$41,374$41,017$40,668$39,303
2 years$20,849$20,461$20,085$19,720$19,366$18,004
3 years$13,761$13,371$12,996$12,635$12,286$10,971
4 years$10,218$9,829$9,458$9,103$8,763$7,503
5 years$8,093$7,706$7,340$6,992$6,661$5,461
6 years$6,676$6,293$5,932$5,591$5,271$4,131
7 years$5,665$5,285$4,929$4,597$4,287$3,207
8 years$4,907$4,530$4,180$3,856$3,556$2,536
9 years$4,317$3,944$3,600$3,285$2,995$2,033
10 years$3,846$3,477$3,139$2,831$2,552$1,646
11 years$3,461$3,095$2,764$2,464$2,195$1,344
12 years$3,140$2,778$2,453$2,161$1,902$1,104
13 years$2,869$2,510$2,191$1,908$1,658$912
14 years$2,637$2,282$1,969$1,694$1,454$756
15 years$2,435$2,085$1,778$1,511$1,280$629
16 years$2,259$1,913$1,612$1,353$1,131$524
17 years$2,104$1,761$1,466$1,215$1,003$438
18 years$1,967$1,628$1,339$1,095$892$367
19 years$1,844$1,508$1,226$990$795$308
20 years$1,733$1,402$1,125$896$710$259
21 years$1,633$1,306$1,035$813$635$217
22 years$1,543$1,219$953$740$570$183
23 years$1,460$1,140$880$674$511$154
24 years$1,384$1,068$814$614$460$130
25 years$1,315$1,002$754$561$414$109
26 years$1,251$942$699$513$372$92
27 years$1,192$887$649$470$336$78
28 years$1,137$835$604$430$303$66
29 years$1,086$788$562$395$274$55
30 years$1,038$744$523$362$247$47
31 years$994$704$488$333$224$40
32 years$952$666$455$306$202$33
33 years$913$630$425$281$183$28
34 years$877$598$397$259$166$24
35 years$842$567$371$238$150$20
36 years$810$538$347$219$136$17
37 years$779$511$325$202$123$14
38 years$751$486$304$186$112$12
39 years$723$462$285$172$101$10
40 years$697$439$267$158$92$9
41 years$673$418$251$146$83$7
42 years$649$398$235$135$76$6
43 years$627$379$221$124$69$5
44 years$606$362$207$115$62$4
45 years$586$345$194$106$57$4
46 years$567$329$183$98$51$3
47 years$548$314$172$91$47$3
48 years$531$300$161$84$42$2
49 years$514$286$152$77$38$2
50 years$498$273$143$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $510,000, adding $2,629 every year, while hoping to spend $21,034 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: 65/5/30 Blend
39$510,000$510,000$510,000$510,000
40$564,732$537,702$529,797$596,770
41$599,954$541,669$525,165$622,749
42$638,065$545,126$519,673$648,581
43$679,335$548,025$513,270$676,368
44$724,065$550,316$505,902$706,302
45$772,584$551,946$497,514$738,602
46$825,253$552,857$488,047$773,505
47$882,472$552,990$477,439$811,273
48$944,678$552,280$465,627$852,198
49$1,012,353$550,659$452,543$896,601
50$1,086,027$548,055$438,117$944,836
51$1,166,284$544,392$422,277$997,294
52$1,253,766$539,589$404,944$1,054,407
53$1,349,179$533,558$386,039$1,116,652
54$1,453,302$526,209$365,477$1,184,555
55$1,566,990$517,444$343,172$1,258,698
56$1,691,186$507,162$319,032$1,339,721
57$1,826,928$495,254$292,960$1,428,333
58$1,975,357$481,604$264,857$1,525,315
59$2,137,732$466,091$234,618$1,631,529
60$2,315,437$448,586$202,134$1,747,926
61$2,509,997$428,952$167,291$1,875,557
62$2,723,091$407,045$129,970$2,015,579
63$2,956,569$382,713$90,046$2,169,272
64$3,212,467$355,793$47,391$2,338,044
65$3,493,027$326,116$1,867$2,523,452
66$3,800,721$293,501$0$2,727,211
67$4,138,269$257,757$0$2,966,170
68$4,508,668$218,682$0$3,229,072
69$4,915,219$176,064$0$3,517,672
70$5,361,558$129,678$0$3,834,564
71$5,851,690$79,286$0$4,182,602
72$6,390,029$24,638$0$4,564,934
73$6,981,434$0$0$4,985,028
74$7,631,261$0$0$5,448,604
75$8,345,408$0$0$5,959,591
76$9,130,375$0$0$6,521,288
77$9,993,321$0$0$7,138,824
78$10,942,135$0$0$7,817,849
79$11,985,506$0$0$8,564,586
80$13,133,011$0$0$9,385,893
81$14,395,198$0$0$10,289,327
82$15,783,690$0$0$11,283,213
83$17,311,295$0$0$12,376,723
84$18,992,121$0$0$13,579,963
85$20,841,717$0$0$14,904,070
86$22,877,212$0$0$16,361,312
87$25,117,482$0$0$17,965,210
88$27,583,323$0$0$19,730,658
89$30,297,651$0$0$21,674,073
90$33,285,717$0$0$23,813,538
91$36,575,343$0$0$26,168,983
92$40,197,187$0$0$28,762,367
93$44,185,031$0$0$31,617,887
94$48,576,099$0$0$34,762,205
95$53,411,407$0$0$38,224,702
96$58,736,154$0$0$42,037,751
97$64,600,145$0$0$46,237,026
98$71,058,258$0$0$50,861,837
99$78,170,970$0$0$55,955,501
100$86,004,918$0$0$61,565,749