Can I retire at age 40 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$42,363$41,986$41,618$41,258$40,907$40,684
2 years$20,972$20,581$20,203$19,836$19,480$19,254
3 years$13,842$13,450$13,072$12,709$12,359$12,138
4 years$10,278$9,887$9,513$9,156$8,814$8,600
5 years$8,140$7,752$7,383$7,033$6,701$6,494
6 years$6,716$6,330$5,966$5,624$5,302$5,103
7 years$5,698$5,316$4,958$4,624$4,312$4,120
8 years$4,936$4,557$4,205$3,879$3,577$3,393
9 years$4,343$3,967$3,622$3,304$3,012$2,836
10 years$3,869$3,497$3,157$2,848$2,567$2,398
11 years$3,481$3,113$2,780$2,479$2,207$2,046
12 years$3,159$2,794$2,467$2,174$1,913$1,759
13 years$2,886$2,525$2,204$1,919$1,668$1,521
14 years$2,652$2,295$1,980$1,704$1,462$1,322
15 years$2,450$2,097$1,788$1,520$1,288$1,154
16 years$2,273$1,924$1,621$1,361$1,138$1,011
17 years$2,117$1,772$1,475$1,222$1,009$889
18 years$1,978$1,637$1,347$1,102$897$783
19 years$1,855$1,517$1,233$995$800$692
20 years$1,744$1,410$1,131$902$714$612
21 years$1,643$1,313$1,041$818$639$543
22 years$1,552$1,226$959$744$573$482
23 years$1,469$1,147$886$678$514$428
24 years$1,393$1,074$819$618$462$381
25 years$1,323$1,008$759$564$416$340
26 years$1,258$948$704$516$375$303
27 years$1,199$892$653$472$338$270
28 years$1,143$840$607$433$305$241
29 years$1,092$793$565$397$275$216
30 years$1,044$749$526$364$249$193
31 years$1,000$708$491$334$225$173
32 years$958$670$458$307$203$155
33 years$919$634$428$283$184$138
34 years$882$601$399$260$167$124
35 years$847$570$373$239$151$111
36 years$815$541$349$221$137$100
37 years$784$514$327$203$124$89
38 years$755$488$306$187$112$80
39 years$727$464$287$173$102$72
40 years$701$442$269$159$92$64
41 years$677$421$252$147$84$58
42 years$653$401$237$136$76$52
43 years$631$382$222$125$69$47
44 years$610$364$208$116$63$42
45 years$589$347$196$107$57$37
46 years$570$331$184$99$52$34
47 years$551$316$173$91$47$30
48 years$534$301$162$84$43$27
49 years$517$288$152$78$39$24
50 years$501$275$143$72$35$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $513,000, adding $2,464 every year, while hoping to spend $31,540 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: 53/33/14 Blend
39$513,000$513,000$513,000$513,000
40$567,868$540,679$532,727$595,725
41$592,232$533,614$517,015$607,941
42$618,024$525,145$499,720$617,650
43$645,357$515,172$480,755$627,499
44$674,353$503,584$460,029$637,509
45$705,146$490,269$437,450$647,705
46$737,883$475,105$412,917$658,116
47$772,726$457,964$386,328$668,778
48$809,849$438,709$357,575$679,729
49$849,445$417,197$326,545$691,018
50$891,725$393,276$293,121$702,697
51$936,920$366,786$257,180$714,828
52$985,284$337,557$218,593$727,481
53$1,037,094$305,408$177,227$740,739
54$1,092,655$270,150$132,941$754,692
55$1,152,301$231,583$85,590$769,445
56$1,216,399$189,494$35,021$785,117
57$1,285,351$143,659$0$801,844
58$1,359,601$93,842$0$822,607
59$1,439,633$39,794$0$850,516
60$1,525,982$0$0$880,553
61$1,619,232$0$0$919,774
62$1,720,028$0$0$977,827
63$1,829,077$0$0$1,040,675
64$1,947,159$0$0$1,108,772
65$2,075,127$0$0$1,182,616
66$2,213,923$0$0$1,262,756
67$2,364,581$0$0$1,349,794
68$2,528,238$0$0$1,444,395
69$2,706,146$0$0$1,547,288
70$2,899,682$0$0$1,659,277
71$3,110,360$0$0$1,781,245
72$3,339,847$0$0$1,914,164
73$3,589,976$0$0$2,059,104
74$3,862,767$0$0$2,217,244
75$4,160,441$0$0$2,389,880
76$4,485,443$0$0$2,578,439
77$4,840,466$0$0$2,784,492
78$5,228,472$0$0$3,009,768
79$5,652,725$0$0$3,256,172
80$6,116,816$0$0$3,525,800
81$6,624,702$0$0$3,820,962
82$7,180,737$0$0$4,144,200
83$7,789,717$0$0$4,498,312
84$8,456,925$0$0$4,886,384
85$9,188,176$0$0$5,311,810
86$9,989,878$0$0$5,778,331
87$10,869,084$0$0$6,290,065
88$11,833,568$0$0$6,851,551
89$12,891,888$0$0$7,467,784
90$14,053,472$0$0$8,144,270
91$15,328,706$0$0$8,887,074
92$16,729,030$0$0$9,702,874
93$18,267,046$0$0$10,599,029
94$19,956,637$0$0$11,583,646
95$21,813,096$0$0$12,665,654
96$23,853,271$0$0$13,854,893
97$26,095,725$0$0$15,162,199
98$28,560,906$0$0$16,599,516
99$31,271,343$0$0$18,179,998
100$34,251,857$0$0$19,918,140