Can I retire at age 40 with 520,000?

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 $520,000?

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$42,941$42,559$42,185$41,821$41,466$40,463
2 years$21,258$20,862$20,478$20,106$19,745$18,742
3 years$14,031$13,634$13,251$12,882$12,527$11,553
4 years$10,419$10,022$9,643$9,281$8,935$7,998
5 years$8,251$7,857$7,484$7,129$6,792$5,895
6 years$6,807$6,416$6,048$5,701$5,374$4,519
7 years$5,776$5,388$5,026$4,687$4,371$3,556
8 years$5,003$4,619$4,262$3,932$3,626$2,852
9 years$4,402$4,021$3,671$3,349$3,054$2,320
10 years$3,922$3,545$3,201$2,887$2,602$1,907
11 years$3,529$3,156$2,818$2,512$2,238$1,581
12 years$3,202$2,832$2,501$2,204$1,939$1,320
13 years$2,925$2,560$2,234$1,946$1,691$1,108
14 years$2,688$2,327$2,007$1,727$1,482$934
15 years$2,483$2,125$1,812$1,540$1,305$790
16 years$2,304$1,950$1,643$1,379$1,153$670
17 years$2,146$1,796$1,495$1,239$1,023$570
18 years$2,005$1,660$1,365$1,117$909$486
19 years$1,880$1,538$1,250$1,009$811$415
20 years$1,767$1,429$1,147$914$724$355
21 years$1,665$1,331$1,055$829$648$304
22 years$1,573$1,243$972$754$581$261
23 years$1,489$1,162$898$687$521$224
24 years$1,412$1,089$830$626$469$192
25 years$1,341$1,022$769$572$422$165
26 years$1,275$960$713$523$380$142
27 years$1,215$904$662$479$342$122
28 years$1,159$852$616$439$309$105
29 years$1,107$804$573$402$279$90
30 years$1,058$759$534$369$252$78
31 years$1,013$717$497$339$228$67
32 years$971$679$464$312$206$58
33 years$931$643$433$287$187$50
34 years$894$609$405$264$169$43
35 years$859$578$379$243$153$37
36 years$826$548$354$224$139$32
37 years$795$521$331$206$126$27
38 years$765$495$310$190$114$24
39 years$737$471$291$175$103$20
40 years$711$448$273$161$94$18
41 years$686$426$256$149$85$15
42 years$662$406$240$137$77$13
43 years$639$387$225$127$70$11
44 years$618$369$211$117$64$10
45 years$597$352$198$108$58$8
46 years$578$335$186$100$52$7
47 years$559$320$175$92$48$6
48 years$541$306$164$85$43$5
49 years$524$292$155$79$39$5
50 years$508$279$145$73$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $520,000, adding $6,134 every year, while hoping to spend $21,836 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: 62/28/10 Blend
39$520,000$520,000$520,000$520,000
40$579,367$551,807$543,747$613,612
41$615,229$555,612$538,729$641,087
42$654,018$558,872$532,812$667,994
43$696,007$561,537$525,941$696,816
44$741,501$563,553$518,061$727,740
45$790,832$564,866$509,114$760,970
46$844,367$565,414$499,039$796,733
47$902,507$565,134$487,772$835,279
48$965,696$563,959$475,245$876,883
49$1,034,421$561,817$461,390$921,851
50$1,109,218$558,632$446,133$970,518
51$1,190,677$554,323$429,397$1,023,257
52$1,279,447$548,806$411,102$1,080,477
53$1,376,242$541,989$391,166$1,142,630
54$1,481,848$533,776$369,499$1,210,218
55$1,597,131$524,065$346,011$1,283,792
56$1,723,042$512,748$320,607$1,363,962
57$1,860,632$499,712$293,187$1,451,399
58$2,011,053$484,835$263,645$1,546,847
59$2,175,578$467,989$231,874$1,651,124
60$2,355,605$449,038$197,760$1,765,137
61$2,552,675$427,840$161,184$1,889,883
62$2,768,486$404,242$122,022$2,026,464
63$3,004,906$378,084$80,144$2,176,097
64$3,263,992$349,196$35,415$2,340,124
65$3,548,012$317,400$0$2,520,026
66$3,859,462$282,505$0$2,718,753
67$4,201,090$244,310$0$2,940,912
68$4,575,925$202,606$0$3,184,727
69$4,987,302$157,166$0$3,452,412
70$5,438,896$107,757$0$3,746,406
71$5,934,754$54,127$0$4,069,402
72$6,479,333$0$0$4,424,368
73$7,077,545$0$0$4,815,807
74$7,734,801$0$0$5,264,245
75$8,457,059$0$0$5,757,076
76$9,250,888$0$0$6,298,786
77$10,123,520$0$0$6,894,317
78$11,082,926$0$0$7,549,113
79$12,137,885$0$0$8,269,173
80$13,298,072$0$0$9,061,106
81$14,574,144$0$0$9,932,193
82$15,977,846$0$0$10,890,457
83$17,522,115$0$0$11,944,736
84$19,221,208$0$0$13,104,771
85$21,090,830$0$0$14,381,293
86$23,148,290$0$0$15,786,124
87$25,412,655$0$0$17,332,293
88$27,904,938$0$0$19,034,155
89$30,648,290$0$0$20,907,527
90$33,668,220$0$0$22,969,837
91$36,992,839$0$0$25,240,289
92$40,653,118$0$0$27,740,045
93$44,683,186$0$0$30,492,422
94$49,120,650$0$0$33,523,112
95$54,006,948$0$0$36,860,426
96$59,387,742$0$0$40,535,563
97$65,313,348$0$0$44,582,898
98$71,839,210$0$0$49,040,311
99$79,026,422$0$0$53,949,544
100$86,942,308$0$0$59,356,593