Can I retire at age 40 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$44,923$44,523$44,132$43,751$43,379$42,626
2 years$22,239$21,825$21,424$21,034$20,657$19,900
3 years$14,679$14,263$13,862$13,477$13,106$12,369
4 years$10,899$10,485$10,088$9,709$9,347$8,636
5 years$8,632$8,220$7,829$7,458$7,105$6,423
6 years$7,121$6,712$6,327$5,964$5,622$4,969
7 years$6,043$5,637$5,258$4,903$4,572$3,948
8 years$5,234$4,832$4,459$4,113$3,793$3,198
9 years$4,605$4,207$3,841$3,504$3,194$2,627
10 years$4,103$3,708$3,348$3,020$2,722$2,183
11 years$3,692$3,301$2,948$2,628$2,341$1,829
12 years$3,349$2,963$2,616$2,305$2,029$1,544
13 years$3,060$2,678$2,337$2,035$1,769$1,310
14 years$2,812$2,434$2,100$1,807$1,551$1,117
15 years$2,598$2,224$1,896$1,611$1,365$957
16 years$2,410$2,040$1,719$1,443$1,207$821
17 years$2,245$1,879$1,564$1,296$1,070$707
18 years$2,098$1,736$1,428$1,168$951$611
19 years$1,967$1,609$1,307$1,056$848$528
20 years$1,849$1,495$1,200$956$757$457
21 years$1,742$1,393$1,104$868$678$397
22 years$1,646$1,300$1,017$789$608$345
23 years$1,557$1,216$939$718$545$300
24 years$1,477$1,139$868$655$490$261
25 years$1,403$1,069$804$598$441$227
26 years$1,334$1,005$746$547$397$198
27 years$1,271$946$693$501$358$173
28 years$1,212$891$644$459$323$151
29 years$1,158$841$599$421$292$132
30 years$1,107$794$558$386$264$115
31 years$1,060$750$520$355$238$100
32 years$1,016$710$486$326$216$88
33 years$974$672$453$300$195$77
34 years$935$637$424$276$177$67
35 years$899$605$396$254$160$59
36 years$864$574$370$234$145$51
37 years$831$545$347$215$131$45
38 years$801$518$325$199$119$39
39 years$771$492$304$183$108$34
40 years$744$469$285$169$98$30
41 years$718$446$267$156$89$26
42 years$693$425$251$144$81$23
43 years$669$405$235$133$73$20
44 years$646$386$221$123$66$18
45 years$625$368$207$113$60$15
46 years$604$351$195$105$55$13
47 years$585$335$183$97$50$12
48 years$566$320$172$89$45$10
49 years$548$305$162$82$41$9
50 years$531$292$152$76$37$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $544,000, adding $6,744 every year, while hoping to spend $37,774 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: 73/17/10 Blend
39$544,000$544,000$544,000$544,000
40$606,444$577,612$569,180$649,091
41$628,111$565,724$548,057$666,279
42$650,721$551,987$524,959$679,740
43$674,331$536,272$499,782$693,442
44$699,002$518,439$472,415$707,396
45$724,801$498,343$442,741$721,619
46$751,798$475,828$410,640$736,128
47$780,070$450,733$375,985$750,942
48$809,701$422,882$338,644$766,085
49$840,781$392,094$298,480$781,582
50$873,409$358,175$255,347$797,463
51$907,691$320,920$209,096$813,762
52$943,744$280,114$159,568$830,518
53$981,693$235,527$106,601$847,774
54$1,021,676$186,918$50,023$865,582
55$1,063,843$134,033$0$883,996
56$1,108,356$76,602$0$904,187
57$1,155,394$14,341$0$930,890
58$1,205,151$0$0$958,863
59$1,257,837$0$0$998,145
60$1,313,685$0$0$1,042,640
61$1,372,947$0$0$1,089,868
62$1,435,900$0$0$1,140,050
63$1,502,846$0$0$1,193,431
64$1,574,115$0$0$1,250,275
65$1,650,071$0$0$1,310,872
66$1,731,109$0$0$1,375,543
67$1,817,663$0$0$1,444,635
68$1,910,211$0$0$1,518,531
69$2,009,273$0$0$1,597,651
70$2,115,423$0$0$1,682,455
71$2,229,288$0$0$1,773,446
72$2,351,558$0$0$1,871,179
73$2,482,987$0$0$1,976,262
74$2,624,407$0$0$2,089,360
75$2,776,729$0$0$2,211,208
76$2,940,953$0$0$2,342,609
77$3,118,179$0$0$2,484,448
78$3,309,616$0$0$2,637,695
79$3,516,591$0$0$2,803,419
80$3,740,564$0$0$2,982,791
81$3,983,138$0$0$3,177,102
82$4,246,077$0$0$3,387,770
83$4,531,321$0$0$3,616,355
84$4,841,002$0$0$3,864,570
85$5,177,467$0$0$4,134,303
86$5,543,295$0$0$4,427,628
87$5,941,326$0$0$4,746,829
88$6,374,684$0$0$5,094,417
89$6,846,806$0$0$5,473,156
90$7,361,474$0$0$5,886,089
91$7,922,851$0$0$6,336,563
92$8,535,520$0$0$6,828,264
93$9,204,524$0$0$7,365,247
94$9,935,415$0$0$7,951,978
95$10,734,307$0$0$8,593,373
96$11,607,928$0$0$9,294,845
97$12,563,687$0$0$10,062,352
98$13,609,745$0$0$10,902,458
99$14,755,084$0$0$11,822,387
100$16,009,598$0$0$12,830,097