Can I retire at age 40 with 319,000?

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 $319,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$26,343$26,108$25,879$25,656$25,438$24,965
2 years$13,041$12,798$12,563$12,334$12,113$11,639
3 years$8,608$8,364$8,129$7,903$7,685$7,224
4 years$6,391$6,148$5,916$5,694$5,481$5,036
5 years$5,062$4,820$4,591$4,373$4,167$3,740
6 years$4,176$3,936$3,710$3,497$3,297$2,888
7 years$3,543$3,306$3,083$2,875$2,681$2,291
8 years$3,069$2,833$2,615$2,412$2,224$1,852
9 years$2,701$2,467$2,252$2,055$1,873$1,519
10 years$2,406$2,175$1,963$1,771$1,596$1,260
11 years$2,165$1,936$1,729$1,541$1,373$1,054
12 years$1,964$1,738$1,534$1,352$1,190$888
13 years$1,794$1,570$1,371$1,194$1,037$752
14 years$1,649$1,427$1,231$1,059$909$640
15 years$1,523$1,304$1,112$945$801$547
16 years$1,413$1,196$1,008$846$708$468
17 years$1,316$1,102$917$760$627$403
18 years$1,230$1,018$837$685$558$347
19 years$1,153$944$767$619$497$299
20 years$1,084$877$704$561$444$259
21 years$1,022$817$647$509$397$224
22 years$965$762$596$463$356$194
23 years$913$713$551$421$320$168
24 years$866$668$509$384$287$146
25 years$822$627$472$351$259$127
26 years$782$589$437$321$233$110
27 years$745$554$406$294$210$96
28 years$711$523$378$269$190$84
29 years$679$493$351$247$171$73
30 years$649$466$327$226$155$63
31 years$622$440$305$208$140$55
32 years$596$416$285$191$126$48
33 years$571$394$266$176$114$42
34 years$548$374$248$162$104$37
35 years$527$354$232$149$94$32
36 years$507$336$217$137$85$28
37 years$488$320$203$126$77$24
38 years$469$304$190$116$70$21
39 years$452$289$178$107$63$19
40 years$436$275$167$99$57$16
41 years$421$262$157$91$52$14
42 years$406$249$147$84$47$12
43 years$392$237$138$78$43$11
44 years$379$226$130$72$39$9
45 years$366$216$122$66$35$8
46 years$354$206$114$61$32$7
47 years$343$196$107$57$29$6
48 years$332$187$101$52$26$5
49 years$321$179$95$48$24$5
50 years$311$171$89$45$22$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $319,000, adding $5,188 every year, while hoping to spend $20,458 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: 37/35/28 Blend
39$319,000$319,000$319,000$319,000
40$356,889$339,982$335,038$366,952
41$371,525$334,874$324,495$369,736
42$386,968$328,830$312,912$370,506
43$403,278$321,783$300,235$370,946
44$420,523$313,661$286,403$371,039
45$438,774$304,388$271,355$370,770
46$458,111$293,885$255,027$370,123
47$478,619$282,066$237,352$369,083
48$500,393$268,842$218,258$367,634
49$523,537$254,119$197,673$365,762
50$548,162$237,795$175,519$363,455
51$574,392$219,765$151,717$360,701
52$602,363$199,916$126,183$357,489
53$632,223$178,131$98,828$353,812
54$664,133$154,283$69,563$349,662
55$698,272$128,240$38,291$345,037
56$734,835$99,863$4,912$339,936
57$774,036$69,003$0$334,361
58$816,108$35,506$0$337,494
59$861,311$0$0$342,336
60$909,925$0$0$347,773
61$962,263$0$0$368,381
62$1,018,664$0$0$390,623
63$1,079,502$0$0$414,651
64$1,145,190$0$0$440,631
65$1,216,179$0$0$468,747
66$1,292,965$0$0$499,201
67$1,376,094$0$0$532,214
68$1,466,167$0$0$568,031
69$1,563,843$0$0$606,919
70$1,669,848$0$0$649,174
71$1,784,980$0$0$695,120
72$1,910,117$0$0$745,113
73$2,046,225$0$0$799,548
74$2,194,366$0$0$858,855
75$2,355,710$0$0$923,511
76$2,531,542$0$0$994,039
77$2,723,278$0$0$1,071,016
78$2,932,478$0$0$1,155,075
79$3,160,856$0$0$1,246,914
80$3,410,301$0$0$1,347,303
81$3,682,890$0$0$1,457,088
82$3,980,913$0$0$1,577,199
83$4,306,889$0$0$1,708,664
84$4,663,592$0$0$1,852,613
85$5,054,077$0$0$2,010,288
86$5,481,707$0$0$2,183,060
87$5,950,187$0$0$2,372,439
88$6,463,597$0$0$2,580,085
89$7,026,429$0$0$2,807,830
90$7,643,631$0$0$3,057,688
91$8,320,654$0$0$3,331,882
92$9,063,501$0$0$3,632,855
93$9,878,783$0$0$3,963,303
94$10,773,785$0$0$4,326,194
95$11,756,529$0$0$4,724,797
96$12,835,853$0$0$5,162,713
97$14,021,492$0$0$5,643,910
98$15,324,174$0$0$6,172,759
99$16,755,712$0$0$6,754,075
100$18,329,123$0$0$7,393,164