Can I retire at age 40 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$45,253$44,850$44,457$44,073$43,698$42,746
2 years$22,403$21,985$21,581$21,189$20,809$19,854
3 years$14,787$14,368$13,964$13,576$13,202$12,275
4 years$10,980$10,562$10,162$9,781$9,416$8,523
5 years$8,696$8,281$7,887$7,513$7,158$6,302
6 years$7,174$6,762$6,373$6,008$5,664$4,846
7 years$6,087$5,678$5,296$4,939$4,606$3,827
8 years$5,272$4,867$4,492$4,144$3,821$3,080
9 years$4,639$4,238$3,869$3,529$3,218$2,514
10 years$4,133$3,736$3,373$3,042$2,742$2,075
11 years$3,719$3,326$2,969$2,648$2,358$1,727
12 years$3,374$2,985$2,635$2,322$2,043$1,447
13 years$3,083$2,697$2,354$2,050$1,782$1,219
14 years$2,833$2,452$2,115$1,820$1,562$1,032
15 years$2,617$2,240$1,910$1,623$1,375$877
16 years$2,428$2,055$1,732$1,453$1,216$747
17 years$2,261$1,893$1,576$1,306$1,078$638
18 years$2,113$1,749$1,438$1,177$958$546
19 years$1,981$1,621$1,317$1,063$854$469
20 years$1,862$1,506$1,209$963$763$403
21 years$1,755$1,403$1,112$874$683$346
22 years$1,658$1,310$1,025$795$612$298
23 years$1,569$1,225$946$724$549$257
24 years$1,488$1,148$875$660$494$222
25 years$1,413$1,077$810$603$444$192
26 years$1,344$1,012$752$551$400$166
27 years$1,280$953$698$505$361$143
28 years$1,221$898$649$462$326$124
29 years$1,167$847$604$424$294$107
30 years$1,115$800$562$389$266$93
31 years$1,068$756$524$357$240$80
32 years$1,023$715$489$328$217$69
33 years$981$677$457$302$197$60
34 years$942$642$427$278$178$52
35 years$905$609$399$256$161$45
36 years$870$578$373$236$146$39
37 years$837$549$349$217$132$34
38 years$806$522$327$200$120$29
39 years$777$496$306$184$109$25
40 years$749$472$287$170$99$22
41 years$723$449$269$157$90$19
42 years$698$428$253$145$81$17
43 years$674$408$237$134$74$14
44 years$651$389$223$123$67$12
45 years$629$371$209$114$61$11
46 years$609$354$196$105$55$9
47 years$589$337$184$97$50$8
48 years$570$322$173$90$46$7
49 years$552$308$163$83$41$6
50 years$535$294$153$77$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $548,000, adding $4,514 every year, while hoping to spend $22,485 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: 73/15/12 Blend
39$548,000$548,000$548,000$548,000
40$608,552$579,508$571,014$651,159
41$646,701$583,980$566,219$684,410
42$687,987$587,918$560,510$717,599
43$732,706$591,271$553,832$753,341
44$781,186$593,987$546,129$791,881
45$833,783$596,008$537,341$833,493
46$890,892$597,276$527,405$878,475
47$952,946$597,725$516,256$927,159
48$1,020,422$597,289$503,826$979,908
49$1,093,844$595,896$490,043$1,037,125
50$1,173,790$593,468$474,833$1,099,252
51$1,260,893$589,925$458,117$1,166,779
52$1,355,854$585,180$439,813$1,240,242
53$1,459,440$579,144$419,836$1,320,237
54$1,572,499$571,718$398,097$1,407,418
55$1,695,962$562,800$374,501$1,502,506
56$1,830,855$552,282$348,952$1,606,298
57$1,978,307$540,049$321,347$1,719,672
58$2,139,562$525,978$291,579$1,843,595
59$2,315,987$509,941$259,537$1,979,135
60$2,509,091$491,802$225,105$2,127,468
61$2,720,533$471,415$188,161$2,289,891
62$2,952,141$448,628$148,577$2,467,836
63$3,205,928$423,278$106,223$2,662,880
64$3,484,110$395,196$60,958$2,876,761
65$3,789,128$364,200$12,640$3,111,399
66$4,123,672$330,098$0$3,368,906
67$4,490,703$292,690$0$3,656,599
68$4,893,483$251,760$0$3,974,115
69$5,335,606$207,084$0$4,322,689
70$5,821,029$158,423$0$4,705,467
71$6,354,113$105,525$0$5,125,918
72$6,939,661$48,124$0$5,587,863
73$7,582,964$0$0$6,095,514
74$8,289,851$0$0$6,655,835
75$9,066,743$0$0$7,280,403
76$9,920,714$0$0$7,966,966
77$10,859,560$0$0$8,721,794
78$11,891,866$0$0$9,551,793
79$13,027,093$0$0$10,464,573
80$14,275,664$0$0$11,468,520
81$15,649,064$0$0$12,572,871
82$17,159,945$0$0$13,787,805
83$18,822,248$0$0$15,124,536
84$20,651,333$0$0$16,595,419
85$22,664,125$0$0$18,214,071
86$24,879,273$0$0$19,995,492
87$27,317,323$0$0$21,956,211
88$30,000,915$0$0$24,114,440
89$32,954,997$0$0$26,490,247
90$36,207,055$0$0$29,105,745
91$39,787,379$0$0$31,985,299
92$43,729,343$0$0$35,155,756
93$48,069,722$0$0$38,646,701
94$52,849,039$0$0$42,490,731
95$58,111,948$0$0$46,723,768
96$63,907,650$0$0$51,385,392
97$70,290,365$0$0$56,519,220
98$77,319,837$0$0$62,173,312
99$85,061,901$0$0$68,400,630
100$93,589,102$0$0$75,259,531