Can I retire at age 40 with 314,000?

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 $314,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$25,930$25,699$25,474$25,254$25,039$24,716
2 years$12,837$12,597$12,366$12,141$11,923$11,598
3 years$8,473$8,233$8,001$7,779$7,565$7,248
4 years$6,291$6,052$5,823$5,604$5,395$5,089
5 years$4,983$4,745$4,519$4,305$4,101$3,806
6 years$4,111$3,874$3,652$3,442$3,245$2,962
7 years$3,488$3,254$3,035$2,830$2,639$2,368
8 years$3,021$2,789$2,574$2,374$2,189$1,930
9 years$2,658$2,428$2,217$2,022$1,844$1,596
10 years$2,368$2,140$1,933$1,743$1,571$1,335
11 years$2,131$1,906$1,701$1,517$1,351$1,127
12 years$1,933$1,710$1,510$1,331$1,171$958
13 years$1,766$1,546$1,349$1,175$1,021$819
14 years$1,623$1,405$1,212$1,043$895$703
15 years$1,499$1,283$1,094$930$788$607
16 years$1,391$1,178$992$833$696$525
17 years$1,296$1,084$903$748$618$456
18 years$1,211$1,002$824$674$549$396
19 years$1,135$929$755$609$489$346
20 years$1,067$863$692$552$437$302
21 years$1,006$804$637$501$391$264
22 years$950$750$587$455$351$231
23 years$899$702$542$415$315$203
24 years$852$658$501$378$283$178
25 years$810$617$464$345$255$156
26 years$770$580$431$316$229$137
27 years$734$546$400$289$207$121
28 years$700$514$372$265$187$106
29 years$668$485$346$243$168$94
30 years$639$458$322$223$152$83
31 years$612$433$300$205$138$73
32 years$586$410$280$188$124$64
33 years$562$388$262$173$113$57
34 years$540$368$245$159$102$50
35 years$519$349$229$147$92$44
36 years$499$331$214$135$84$39
37 years$480$315$200$124$76$34
38 years$462$299$187$115$69$30
39 years$445$284$176$106$62$27
40 years$429$270$165$97$57$24
41 years$414$257$154$90$51$21
42 years$400$245$145$83$47$19
43 years$386$234$136$77$42$16
44 years$373$223$128$71$38$14
45 years$361$212$120$65$35$13
46 years$349$203$112$60$32$11
47 years$338$193$106$56$29$10
48 years$327$185$99$52$26$9
49 years$316$176$93$48$24$8
50 years$307$168$88$44$22$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $314,000, adding $2,751 every year, while hoping to spend $20,696 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: 62/24/14 Blend
39$314,000$314,000$314,000$314,000
40$348,866$332,224$327,357$369,139
41$362,430$326,482$316,303$377,342
42$376,683$319,766$304,185$383,692
43$391,676$312,005$290,946$390,123
44$407,459$303,126$276,525$396,643
45$424,091$293,050$260,859$403,264
46$441,634$281,695$243,884$409,998
47$460,157$268,974$225,530$416,860
48$479,733$254,794$205,726$423,867
49$500,444$239,058$184,396$431,038
50$522,379$221,661$161,463$438,398
51$545,635$202,495$136,845$445,973
52$570,316$181,444$110,456$453,793
53$596,540$158,386$82,207$461,896
54$624,431$133,192$52,006$470,320
55$654,130$105,725$19,755$479,112
56$685,787$75,841$0$488,326
57$719,569$43,389$0$500,211
58$755,657$8,207$0$515,936
59$794,251$0$0$532,641
60$835,569$0$0$558,320
61$879,851$0$0$588,179
62$927,360$0$0$620,231
63$978,385$0$0$654,672
64$1,033,242$0$0$691,717
65$1,092,278$0$0$731,605
66$1,155,877$0$0$774,596
67$1,224,456$0$0$820,975
68$1,298,477$0$0$871,056
69$1,378,445$0$0$925,186
70$1,464,917$0$0$983,744
71$1,558,504$0$0$1,047,146
72$1,659,878$0$0$1,115,852
73$1,769,779$0$0$1,190,366
74$1,889,017$0$0$1,271,241
75$2,018,488$0$0$1,359,090
76$2,159,174$0$0$1,454,581
77$2,312,156$0$0$1,558,454
78$2,478,623$0$0$1,671,520
79$2,659,885$0$0$1,794,673
80$2,857,382$0$0$1,928,897
81$3,072,698$0$0$2,075,273
82$3,307,578$0$0$2,234,993
83$3,563,942$0$0$2,409,367
84$3,843,903$0$0$2,599,840
85$4,149,789$0$0$2,807,999
86$4,484,159$0$0$3,035,595
87$4,849,835$0$0$3,284,552
88$5,249,921$0$0$3,556,991
89$5,687,836$0$0$3,855,248
90$6,167,344$0$0$4,181,894
91$6,692,592$0$0$4,539,760
92$7,268,145$0$0$4,931,965
93$7,899,031$0$0$5,361,943
94$8,590,787$0$0$5,833,476
95$9,349,513$0$0$6,350,731
96$10,181,927$0$0$6,918,297
97$11,095,429$0$0$7,541,228
98$12,098,168$0$0$8,225,092
99$13,199,123$0$0$8,976,021
100$14,408,185$0$0$9,800,773