Can I retire at age 40 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$46,244$45,832$45,430$45,038$44,655$44,170
2 years$22,893$22,467$22,054$21,653$21,264$20,776
3 years$15,111$14,682$14,270$13,873$13,491$13,015
4 years$11,220$10,793$10,385$9,995$9,622$9,161
5 years$8,886$8,462$8,059$7,677$7,314$6,870
6 years$7,331$6,910$6,513$6,139$5,788$5,361
7 years$6,220$5,803$5,412$5,048$4,707$4,298
8 years$5,388$4,974$4,590$4,234$3,905$3,513
9 years$4,741$4,331$3,953$3,607$3,288$2,914
10 years$4,223$3,817$3,447$3,109$2,802$2,445
11 years$3,800$3,398$3,034$2,706$2,410$2,070
12 years$3,448$3,050$2,693$2,373$2,088$1,765
13 years$3,150$2,757$2,406$2,095$1,821$1,513
14 years$2,895$2,506$2,162$1,860$1,596$1,304
15 years$2,674$2,289$1,952$1,659$1,405$1,129
16 years$2,481$2,100$1,770$1,485$1,242$980
17 years$2,311$1,934$1,610$1,334$1,101$854
18 years$2,160$1,787$1,470$1,203$979$745
19 years$2,025$1,656$1,346$1,087$873$652
20 years$1,903$1,539$1,235$984$780$572
21 years$1,794$1,434$1,136$893$698$502
22 years$1,694$1,338$1,047$812$625$441
23 years$1,603$1,252$967$740$561$389
24 years$1,520$1,173$894$675$505$342
25 years$1,444$1,101$828$616$454$302
26 years$1,373$1,034$768$563$409$267
27 years$1,308$973$713$516$369$235
28 years$1,248$917$663$472$333$208
29 years$1,192$865$617$433$300$184
30 years$1,140$817$575$398$271$163
31 years$1,091$773$536$365$245$144
32 years$1,046$731$500$336$222$128
33 years$1,003$692$467$309$201$113
34 years$963$656$436$284$182$100
35 years$925$622$408$261$165$89
36 years$889$591$381$241$149$79
37 years$856$561$357$222$135$70
38 years$824$533$334$204$123$62
39 years$794$507$313$188$111$55
40 years$766$482$294$174$101$49
41 years$739$459$275$160$92$43
42 years$713$437$258$148$83$38
43 years$689$417$242$137$75$34
44 years$665$397$227$126$68$30
45 years$643$379$214$117$62$27
46 years$622$361$201$108$56$24
47 years$602$345$188$99$51$21
48 years$583$329$177$92$47$19
49 years$564$314$166$85$42$17
50 years$547$300$156$78$38$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $560,000, adding $6,830 every year, while hoping to spend $36,475 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: 76/12/12 Blend
39$560,000$560,000$560,000$560,000
40$624,165$594,485$585,805$669,620
41$649,021$584,806$566,621$690,848
42$675,189$573,430$545,571$708,829
43$702,766$560,235$522,555$727,520
44$731,855$545,093$497,467$746,979
45$762,569$527,868$470,197$767,270
46$795,032$508,414$440,630$788,463
47$829,379$486,580$408,644$810,639
48$865,757$462,204$374,115$833,884
49$904,326$435,114$336,910$858,295
50$945,262$405,130$296,892$883,980
51$988,759$372,060$253,917$911,057
52$1,035,024$335,703$207,835$939,660
53$1,084,289$295,846$158,490$969,933
54$1,136,806$252,261$105,719$1,002,041
55$1,192,850$204,711$49,350$1,036,162
56$1,252,722$152,945$0$1,072,496
57$1,316,756$96,695$0$1,112,648
58$1,385,313$35,680$0$1,162,312
59$1,458,791$0$0$1,215,458
60$1,537,628$0$0$1,276,427
61$1,622,302$0$0$1,346,985
62$1,713,340$0$0$1,422,862
63$1,811,320$0$0$1,504,541
64$1,916,874$0$0$1,592,552
65$2,030,700$0$0$1,687,478
66$2,153,563$0$0$1,789,960
67$2,286,304$0$0$1,900,702
68$2,429,846$0$0$2,020,476
69$2,585,205$0$0$2,150,134
70$2,753,497$0$0$2,290,609
71$2,935,951$0$0$2,442,929
72$3,133,914$0$0$2,608,224
73$3,348,873$0$0$2,787,736
74$3,582,459$0$0$2,982,834
75$3,836,469$0$0$3,195,020
76$4,112,880$0$0$3,425,948
77$4,413,864$0$0$3,677,441
78$4,741,815$0$0$3,951,500
79$5,099,366$0$0$4,250,330
80$5,489,414$0$0$4,576,357
81$5,915,150$0$0$4,932,254
82$6,380,083$0$0$5,320,958
83$6,888,080$0$0$5,745,707
84$7,443,396$0$0$6,210,064
85$8,050,714$0$0$6,717,952
86$8,715,194$0$0$7,273,690
87$9,442,515$0$0$7,882,034
88$10,238,932$0$0$8,548,222
89$11,111,331$0$0$9,278,020
90$12,067,298$0$0$10,077,781
91$13,115,186$0$0$10,954,501
92$14,264,195$0$0$11,915,882
93$15,524,457$0$0$12,970,411
94$16,907,133$0$0$14,127,433
95$18,424,517$0$0$15,397,245
96$20,090,149$0$0$16,791,184
97$21,918,944$0$0$18,321,744
98$23,927,335$0$0$20,002,683
99$26,133,419$0$0$21,849,159
100$28,557,138$0$0$23,877,872