Can I retire at age 40 with 546,000?

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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$45,088$44,687$44,295$43,912$43,539$43,264
2 years$22,321$21,905$21,502$21,112$20,733$20,456
3 years$14,733$14,315$13,913$13,526$13,154$12,883
4 years$10,939$10,523$10,125$9,745$9,381$9,119
5 years$8,664$8,250$7,858$7,485$7,132$6,878
6 years$7,148$6,737$6,350$5,986$5,643$5,399
7 years$6,065$5,658$5,277$4,921$4,589$4,355
8 years$5,253$4,850$4,475$4,128$3,807$3,582
9 years$4,622$4,223$3,855$3,516$3,206$2,991
10 years$4,118$3,722$3,361$3,031$2,732$2,526
11 years$3,705$3,313$2,959$2,638$2,349$2,152
12 years$3,362$2,974$2,626$2,314$2,036$1,848
13 years$3,071$2,688$2,346$2,043$1,775$1,596
14 years$2,823$2,443$2,108$1,813$1,556$1,386
15 years$2,607$2,232$1,903$1,617$1,370$1,208
16 years$2,419$2,048$1,725$1,448$1,211$1,057
17 years$2,253$1,886$1,570$1,301$1,074$928
18 years$2,106$1,742$1,433$1,173$955$816
19 years$1,974$1,615$1,312$1,059$851$720
20 years$1,856$1,501$1,204$960$760$636
21 years$1,749$1,398$1,108$871$680$563
22 years$1,652$1,305$1,021$792$610$499
23 years$1,563$1,220$943$721$547$443
24 years$1,482$1,143$872$658$492$394
25 years$1,408$1,073$807$601$443$350
26 years$1,339$1,008$749$549$399$312
27 years$1,276$949$695$503$360$278
28 years$1,217$894$646$461$324$248
29 years$1,162$844$602$422$293$221
30 years$1,111$797$560$388$265$197
31 years$1,064$753$522$356$239$176
32 years$1,019$713$487$327$216$158
33 years$978$675$455$301$196$141
34 years$939$640$425$277$177$126
35 years$902$607$397$255$161$113
36 years$867$576$372$235$146$101
37 years$834$547$348$216$132$90
38 years$803$520$326$199$120$81
39 years$774$494$305$184$108$72
40 years$746$470$286$170$98$65
41 years$720$448$268$156$89$58
42 years$695$426$252$144$81$52
43 years$671$406$236$133$73$47
44 years$649$387$222$123$67$42
45 years$627$369$208$114$61$37
46 years$607$352$196$105$55$34
47 years$587$336$184$97$50$30
48 years$568$321$173$90$45$27
49 years$550$306$162$83$41$24
50 years$533$293$153$77$37$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $546,000, adding $6,671 every year, while hoping to spend $39,053 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: 80/9/11 Blend
39$546,000$546,000$546,000$546,000
40$608,573$579,635$571,172$655,558
41$629,096$566,485$548,754$674,205
42$650,402$551,382$524,277$688,897
43$672,532$534,189$497,629$703,876
44$695,527$514,760$468,696$719,149
45$719,430$492,943$437,357$734,729
46$744,290$468,575$403,486$750,627
47$770,157$441,485$366,952$766,857
48$797,086$411,491$327,618$783,436
49$825,136$378,400$285,340$800,380
50$854,369$342,011$239,968$817,708
51$884,853$302,109$191,346$835,444
52$916,662$258,466$139,310$853,611
53$949,875$210,844$83,690$872,237
54$984,576$158,989$24,308$891,353
55$1,020,858$102,635$0$910,995
56$1,058,820$41,498$0$935,786
57$1,098,570$0$0$964,528
58$1,140,224$0$0$996,886
59$1,183,910$0$0$1,035,137
60$1,229,764$0$0$1,075,291
61$1,277,936$0$0$1,117,480
62$1,328,588$0$0$1,161,847
63$1,381,895$0$0$1,208,545
64$1,438,051$0$0$1,257,745
65$1,497,263$0$0$1,309,630
66$1,559,759$0$0$1,364,401
67$1,625,788$0$0$1,422,276
68$1,695,621$0$0$1,483,493
69$1,769,552$0$0$1,548,313
70$1,847,905$0$0$1,617,020
71$1,931,033$0$0$1,689,924
72$2,019,321$0$0$1,767,366
73$2,113,191$0$0$1,849,716
74$2,213,105$0$0$1,937,382
75$2,319,567$0$0$2,030,808
76$2,433,131$0$0$2,130,482
77$2,554,404$0$0$2,236,937
78$2,684,049$0$0$2,350,758
79$2,822,794$0$0$2,472,588
80$2,971,437$0$0$2,603,128
81$3,130,855$0$0$2,743,152
82$3,302,008$0$0$2,893,504
83$3,485,951$0$0$3,055,115
84$3,683,840$0$0$3,229,004
85$3,896,947$0$0$3,416,292
86$4,126,668$0$0$3,618,207
87$4,374,536$0$0$3,836,101
88$4,642,235$0$0$4,071,460
89$4,931,617$0$0$4,325,913
90$5,244,715$0$0$4,601,254
91$5,583,767$0$0$4,899,453
92$5,951,231$0$0$5,222,679
93$6,349,811$0$0$5,573,314
94$6,782,480$0$0$5,953,977
95$7,252,508$0$0$6,367,552
96$7,763,494$0$0$6,817,209
97$8,319,393$0$0$7,306,437
98$8,924,560$0$0$7,839,073
99$9,583,788$0$0$8,419,340
100$10,302,347$0$0$9,051,885