Can I retire at age 40 with 317,000?

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 $317,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$26,178$25,944$25,717$25,495$25,278$24,657
2 years$12,959$12,718$12,484$12,257$12,037$11,415
3 years$8,554$8,311$8,078$7,853$7,637$7,034
4 years$6,351$6,110$5,879$5,658$5,447$4,867
5 years$5,030$4,790$4,562$4,346$4,140$3,585
6 years$4,150$3,911$3,687$3,475$3,276$2,747
7 years$3,521$3,285$3,064$2,857$2,664$2,160
8 years$3,050$2,816$2,598$2,397$2,210$1,732
9 years$2,684$2,452$2,238$2,042$1,861$1,407
10 years$2,391$2,161$1,951$1,760$1,586$1,156
11 years$2,151$1,924$1,718$1,532$1,364$958
12 years$1,952$1,727$1,524$1,343$1,182$799
13 years$1,783$1,560$1,362$1,186$1,031$670
14 years$1,639$1,418$1,224$1,053$904$565
15 years$1,514$1,296$1,105$939$796$477
16 years$1,404$1,189$1,002$841$703$405
17 years$1,308$1,095$912$755$623$344
18 years$1,223$1,012$832$681$554$293
19 years$1,146$938$762$615$494$250
20 years$1,077$871$699$557$441$214
21 years$1,015$812$643$506$395$183
22 years$959$758$593$460$354$157
23 years$908$709$547$419$318$134
24 years$860$664$506$382$286$115
25 years$817$623$469$349$257$99
26 years$777$585$435$319$232$85
27 years$741$551$404$292$209$73
28 years$707$519$375$267$188$63
29 years$675$490$349$245$170$54
30 years$645$463$325$225$154$46
31 years$618$437$303$207$139$40
32 years$592$414$283$190$126$34
33 years$568$392$264$175$114$30
34 years$545$371$247$161$103$26
35 years$524$352$231$148$93$22
36 years$503$334$216$136$85$19
37 years$484$318$202$126$77$16
38 years$466$302$189$116$69$14
39 years$449$287$177$107$63$12
40 years$433$273$166$98$57$10
41 years$418$260$156$91$52$9
42 years$404$248$146$84$47$8
43 years$390$236$137$77$43$7
44 years$377$225$129$71$39$6
45 years$364$214$121$66$35$5
46 years$352$204$114$61$32$4
47 years$341$195$107$56$29$4
48 years$330$186$100$52$26$3
49 years$319$178$94$48$24$3
50 years$310$170$89$44$22$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $317,000, adding $6,256 every year, while hoping to spend $24,138 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: 53/17/30 Blend
39$317,000$317,000$317,000$317,000
40$355,787$338,986$334,073$371,364
41$366,395$329,914$319,581$373,777
42$377,275$319,588$303,796$373,454
43$388,431$307,922$286,647$372,633
44$399,864$294,823$268,062$371,275
45$411,576$280,194$247,968$369,341
46$423,566$263,933$226,284$366,787
47$435,834$245,931$202,929$363,569
48$448,379$226,071$177,817$359,640
49$461,199$204,234$150,859$354,947
50$474,290$180,289$121,961$349,438
51$487,646$154,102$91,026$343,055
52$501,261$125,529$57,951$335,737
53$515,128$94,417$22,630$327,418
54$529,234$60,608$0$318,031
55$543,569$23,931$0$312,324
56$558,118$0$0$313,441
57$572,862$0$0$317,040
58$587,781$0$0$325,201
59$602,851$0$0$333,432
60$618,045$0$0$341,718
61$633,330$0$0$350,039
62$648,669$0$0$358,373
63$664,022$0$0$366,694
64$679,340$0$0$374,975
65$694,570$0$0$383,183
66$709,650$0$0$391,283
67$724,511$0$0$399,232
68$739,077$0$0$406,985
69$753,259$0$0$414,491
70$766,959$0$0$421,691
71$780,069$0$0$428,521
72$792,464$0$0$434,907
73$804,008$0$0$440,770
74$814,547$0$0$446,017
75$823,909$0$0$450,549
76$831,904$0$0$454,253
77$838,320$0$0$457,003
78$842,918$0$0$458,661
79$845,438$0$0$459,073
80$845,585$0$0$458,065
81$843,035$0$0$455,448
82$837,429$0$0$451,010
83$828,365$0$0$444,516
84$815,400$0$0$435,706
85$798,043$0$0$424,291
86$775,749$0$0$409,953
87$747,915$0$0$392,338
88$713,872$0$0$371,053
89$672,881$0$0$345,667
90$624,125$0$0$315,699
91$566,698$0$0$280,620
92$499,599$0$0$239,844
93$421,721$0$0$192,722
94$331,841$0$0$138,539
95$228,608$0$0$76,503
96$110,526$0$0$5,740
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0