Can I retire at age 40 with 299,000?

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 $299,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$24,691$24,471$24,257$24,047$23,843$23,163
2 years$12,223$11,996$11,775$11,561$11,354$10,674
3 years$8,068$7,839$7,619$7,407$7,203$6,545
4 years$5,991$5,763$5,545$5,337$5,137$4,506
5 years$4,745$4,518$4,303$4,099$3,905$3,302
6 years$3,914$3,689$3,477$3,278$3,090$2,516
7 years$3,321$3,098$2,890$2,695$2,513$1,968
8 years$2,877$2,656$2,451$2,261$2,085$1,568
9 years$2,531$2,312$2,111$1,926$1,756$1,267
10 years$2,255$2,038$1,840$1,660$1,496$1,034
11 years$2,029$1,815$1,620$1,445$1,287$852
12 years$1,841$1,629$1,438$1,267$1,115$706
13 years$1,682$1,472$1,285$1,119$972$588
14 years$1,546$1,338$1,154$993$852$492
15 years$1,428$1,222$1,042$886$750$413
16 years$1,325$1,121$945$793$663$348
17 years$1,234$1,033$860$713$588$293
18 years$1,153$954$785$642$523$248
19 years$1,081$884$719$580$466$210
20 years$1,016$822$659$525$416$178
21 years$958$765$607$477$373$151
22 years$904$715$559$434$334$129
23 years$856$668$516$395$300$109
24 years$812$626$477$360$269$93
25 years$771$588$442$329$242$79
26 years$733$552$410$301$218$68
27 years$699$520$381$275$197$58
28 years$666$490$354$252$178$49
29 years$636$462$329$231$160$42
30 years$609$436$307$212$145$36
31 years$583$412$286$195$131$31
32 years$558$390$267$179$119$26
33 years$535$370$249$165$107$22
34 years$514$350$233$152$97$19
35 years$494$332$218$140$88$16
36 years$475$315$204$129$80$14
37 years$457$300$191$118$72$12
38 years$440$285$178$109$65$10
39 years$424$271$167$101$59$9
40 years$409$258$157$93$54$7
41 years$394$245$147$86$49$6
42 years$381$233$138$79$44$5
43 years$368$222$129$73$40$5
44 years$355$212$121$67$37$4
45 years$343$202$114$62$33$3
46 years$332$193$107$57$30$3
47 years$321$184$101$53$27$2
48 years$311$176$95$49$25$2
49 years$301$168$89$45$23$2
50 years$292$160$84$42$20$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $299,000, adding $6,255 every year, while hoping to spend $22,562 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: 63/19/18 Blend
39$299,000$299,000$299,000$299,000
40$335,950$320,103$315,469$355,209
41$346,211$311,782$302,031$360,600
42$356,763$302,298$287,387$363,371
43$367,611$291,568$271,472$365,865
44$378,760$279,509$254,220$368,057
45$390,217$266,028$235,560$369,919
46$401,987$251,031$215,419$371,422
47$414,074$234,416$193,720$372,536
48$426,483$216,076$170,383$373,227
49$439,219$195,898$145,325$373,460
50$452,284$173,762$118,458$373,198
51$465,682$149,541$89,692$372,401
52$479,416$123,103$58,931$371,026
53$493,487$94,305$26,076$369,027
54$507,896$63,000$0$366,358
55$522,643$29,028$0$364,692
56$537,727$0$0$367,704
57$553,145$0$0$371,971
58$568,894$0$0$382,526
59$584,969$0$0$393,294
60$601,361$0$0$404,270
61$618,062$0$0$415,448
62$635,061$0$0$426,820
63$652,343$0$0$438,375
64$669,892$0$0$450,101
65$687,688$0$0$461,984
66$705,707$0$0$474,007
67$723,922$0$0$486,151
68$742,301$0$0$498,393
69$760,808$0$0$510,708
70$779,401$0$0$523,065
71$798,031$0$0$535,431
72$816,645$0$0$547,767
73$835,179$0$0$560,030
74$853,563$0$0$572,170
75$871,718$0$0$584,131
76$889,555$0$0$595,851
77$906,972$0$0$607,258
78$923,856$0$0$618,274
79$940,080$0$0$628,809
80$955,502$0$0$638,765
81$969,961$0$0$648,028
82$983,281$0$0$656,477
83$995,263$0$0$663,971
84$1,005,685$0$0$670,356
85$1,014,301$0$0$675,460
86$1,020,836$0$0$679,092
87$1,024,984$0$0$681,038
88$1,026,406$0$0$681,063
89$1,024,724$0$0$678,902
90$1,019,521$0$0$674,265
91$1,010,330$0$0$666,827
92$996,636$0$0$656,230
93$977,868$0$0$642,076
94$953,392$0$0$623,924
95$922,507$0$0$601,285
96$884,436$0$0$573,619
97$838,317$0$0$540,329
98$783,201$0$0$500,750
99$718,033$0$0$454,152
100$641,648$0$0$399,725