Can I retire at age 40 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$43,767$43,377$42,997$42,625$42,263$41,444
2 years$21,667$21,263$20,872$20,493$20,125$19,303
3 years$14,301$13,896$13,506$13,130$12,768$11,969
4 years$10,619$10,215$9,829$9,459$9,106$8,336
5 years$8,410$8,009$7,627$7,266$6,923$6,183
6 years$6,938$6,540$6,164$5,811$5,478$4,770
7 years$5,887$5,492$5,122$4,777$4,455$3,780
8 years$5,099$4,708$4,344$4,007$3,696$3,053
9 years$4,487$4,099$3,742$3,413$3,112$2,501
10 years$3,997$3,613$3,262$2,942$2,652$2,071
11 years$3,597$3,216$2,872$2,561$2,281$1,730
12 years$3,263$2,887$2,549$2,246$1,976$1,456
13 years$2,981$2,609$2,277$1,983$1,723$1,231
14 years$2,740$2,371$2,046$1,760$1,511$1,046
15 years$2,531$2,166$1,847$1,570$1,330$893
16 years$2,348$1,988$1,675$1,406$1,176$764
17 years$2,187$1,830$1,524$1,263$1,042$656
18 years$2,044$1,691$1,391$1,138$927$564
19 years$1,916$1,568$1,274$1,028$826$486
20 years$1,801$1,457$1,169$931$738$419
21 years$1,697$1,357$1,075$845$660$362
22 years$1,603$1,267$991$769$592$313
23 years$1,517$1,185$915$700$531$271
24 years$1,439$1,110$846$638$478$235
25 years$1,366$1,042$784$583$430$204
26 years$1,300$979$727$533$387$177
27 years$1,238$921$675$488$349$154
28 years$1,181$868$627$447$315$134
29 years$1,128$819$584$410$284$116
30 years$1,079$773$544$376$257$101
31 years$1,033$731$507$346$232$88
32 years$990$692$473$318$210$77
33 years$949$655$442$292$190$67
34 years$911$621$413$269$172$58
35 years$875$589$386$247$156$51
36 years$842$559$361$228$141$44
37 years$810$531$338$210$128$38
38 years$780$505$316$193$116$33
39 years$752$480$296$178$105$29
40 years$725$456$278$165$95$25
41 years$699$435$261$152$87$22
42 years$675$414$244$140$79$19
43 years$652$394$229$129$71$17
44 years$630$376$215$119$65$15
45 years$609$358$202$110$59$13
46 years$589$342$190$102$53$11
47 years$570$326$178$94$48$10
48 years$552$311$168$87$44$8
49 years$534$297$158$80$40$7
50 years$517$284$148$74$36$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $530,000, adding $5,513 every year, while hoping to spend $29,780 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: 79/10/11 Blend
39$530,000$530,000$530,000$530,000
40$589,747$561,657$553,442$634,750
41$618,215$557,492$540,296$660,935
42$648,589$552,125$525,712$685,247
43$681,032$545,466$509,610$711,053
44$715,722$537,419$491,907$738,492
45$752,855$527,882$472,515$767,712
46$792,646$516,747$451,344$798,878
47$835,329$503,902$428,298$832,174
48$881,164$489,224$403,277$867,801
49$930,435$472,588$376,179$905,979
50$983,451$453,857$346,893$946,954
51$1,040,556$432,889$315,307$990,996
52$1,102,125$409,532$281,301$1,038,401
53$1,168,569$383,627$244,753$1,089,500
54$1,240,343$355,005$205,532$1,144,652
55$1,317,944$323,486$163,503$1,204,259
56$1,401,920$288,882$118,526$1,268,761
57$1,492,872$250,994$70,453$1,338,644
58$1,591,461$209,609$19,129$1,414,444
59$1,698,416$164,505$0$1,496,753
60$1,814,536$115,447$0$1,590,408
61$1,940,700$62,186$0$1,694,614
62$2,077,878$4,459$0$1,807,937
63$2,227,133$0$0$1,931,275
64$2,389,638$0$0$2,072,002
65$2,566,681$0$0$2,225,869
66$2,759,682$0$0$2,393,620
67$2,970,201$0$0$2,576,613
68$3,199,958$0$0$2,776,345
69$3,450,844$0$0$2,994,464
70$3,724,942$0$0$3,232,780
71$4,024,545$0$0$3,493,291
72$4,352,176$0$0$3,778,192
73$4,710,615$0$0$4,089,904
74$5,102,923$0$0$4,431,091
75$5,532,468$0$0$4,804,685
76$6,002,962$0$0$5,213,916
77$6,518,490$0$0$5,662,343
78$7,083,555$0$0$6,153,882
79$7,703,111$0$0$6,692,849
80$8,382,619$0$0$7,283,995
81$9,128,091$0$0$7,932,555
82$9,946,150$0$0$8,644,294
83$10,844,092$0$0$9,425,564
84$11,829,952$0$0$10,283,358
85$12,912,582$0$0$11,225,384
86$14,101,733$0$0$12,260,130
87$15,408,149$0$0$13,396,948
88$16,843,661$0$0$14,646,138
89$18,421,309$0$0$16,019,051
90$20,155,453$0$0$17,528,190
91$22,061,918$0$0$19,187,330
92$24,158,137$0$0$21,011,647
93$26,463,316$0$0$23,017,862
94$28,998,616$0$0$25,224,396
95$31,787,352$0$0$27,651,545
96$34,855,212$0$0$30,321,673
97$38,230,499$0$0$33,259,419
98$41,944,396$0$0$36,491,930
99$46,031,264$0$0$40,049,119
100$50,528,962$0$0$43,963,944