Can I retire at age 40 with 329,000?

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 $329,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$27,169$26,927$26,690$26,460$26,235$25,983
2 years$13,450$13,199$12,957$12,721$12,493$12,239
3 years$8,877$8,626$8,384$8,151$7,926$7,678
4 years$6,592$6,341$6,101$5,872$5,653$5,413
5 years$5,221$4,971$4,735$4,510$4,297$4,066
6 years$4,307$4,059$3,826$3,607$3,400$3,178
7 years$3,654$3,409$3,180$2,965$2,765$2,552
8 years$3,165$2,922$2,697$2,488$2,294$2,089
9 years$2,785$2,544$2,323$2,119$1,932$1,736
10 years$2,481$2,243$2,025$1,827$1,646$1,459
11 years$2,233$1,997$1,783$1,590$1,416$1,238
12 years$2,026$1,792$1,582$1,394$1,227$1,057
13 years$1,851$1,619$1,414$1,231$1,070$908
14 years$1,701$1,472$1,270$1,093$938$785
15 years$1,571$1,345$1,147$975$826$680
16 years$1,458$1,234$1,040$873$730$592
17 years$1,358$1,136$946$784$647$517
18 years$1,269$1,050$864$707$575$452
19 years$1,189$973$791$638$513$396
20 years$1,118$904$726$578$458$348
21 years$1,054$842$667$525$410$306
22 years$995$786$615$477$367$270
23 years$942$735$568$435$330$238
24 years$893$689$525$396$296$210
25 years$848$647$486$362$267$186
26 years$807$608$451$331$240$165
27 years$769$572$419$303$217$146
28 years$733$539$389$278$195$129
29 years$700$508$362$255$177$115
30 years$670$480$338$234$159$102
31 years$641$454$315$215$144$90
32 years$614$429$294$197$130$80
33 years$589$407$274$181$118$71
34 years$566$385$256$167$107$63
35 years$543$366$240$154$97$56
36 years$523$347$224$141$88$50
37 years$503$330$210$130$79$44
38 years$484$313$196$120$72$39
39 years$467$298$184$111$65$35
40 years$450$283$172$102$59$31
41 years$434$270$162$94$54$28
42 years$419$257$152$87$49$25
43 years$405$245$142$80$44$22
44 years$391$233$134$74$40$20
45 years$378$222$125$68$36$17
46 years$366$212$118$63$33$15
47 years$354$203$111$58$30$14
48 years$342$193$104$54$27$12
49 years$332$185$98$50$25$11
50 years$321$176$92$46$23$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $329,000, adding $3,491 every year, while hoping to spend $20,051 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: 60/33/7 Blend
39$329,000$329,000$329,000$329,000
40$366,159$348,722$343,622$387,394
41$382,173$344,475$333,800$397,789
42$399,149$339,348$322,976$406,509
43$417,162$333,277$311,096$415,514
44$436,299$326,193$298,104$424,832
45$456,649$318,025$283,938$434,494
46$478,315$308,695$268,537$444,536
47$501,405$298,124$251,836$454,998
48$526,042$286,225$233,766$465,926
49$552,356$272,908$214,255$477,370
50$580,493$258,078$193,229$489,388
51$610,612$241,632$170,611$502,044
52$642,887$223,464$146,318$515,411
53$677,508$203,461$120,267$529,568
54$714,686$181,502$92,368$544,608
55$754,650$157,462$62,528$560,632
56$797,652$131,206$30,651$577,753
57$843,971$102,594$0$596,099
58$893,911$71,475$0$616,063
59$947,806$37,694$0$640,013
60$1,006,024$1,083$0$665,841
61$1,068,969$0$0$693,755
62$1,137,085$0$0$737,977
63$1,210,859$0$0$786,320
64$1,290,829$0$0$838,745
65$1,377,584$0$0$895,643
66$1,471,774$0$0$957,442
67$1,574,112$0$0$1,024,614
68$1,685,383$0$0$1,097,676
69$1,806,451$0$0$1,177,200
70$1,938,266$0$0$1,263,814
71$2,081,875$0$0$1,358,209
72$2,238,428$0$0$1,461,144
73$2,409,192$0$0$1,573,458
74$2,595,561$0$0$1,696,071
75$2,799,069$0$0$1,829,997
76$3,021,406$0$0$1,976,352
77$3,264,431$0$0$2,136,366
78$3,530,193$0$0$2,311,393
79$3,820,945$0$0$2,502,921
80$4,139,170$0$0$2,712,591
81$4,487,602$0$0$2,942,211
82$4,869,250$0$0$3,193,769
83$5,287,429$0$0$3,469,458
84$5,745,790$0$0$3,771,688
85$6,248,354$0$0$4,103,120
86$6,799,549$0$0$4,466,679
87$7,404,253$0$0$4,865,590
88$8,067,838$0$0$5,303,404
89$8,796,221$0$0$5,784,033
90$9,595,922$0$0$6,311,786
91$10,474,120$0$0$6,891,410
92$11,438,726$0$0$7,528,134
93$12,498,454$0$0$8,227,718
94$13,662,902$0$0$8,996,510
95$14,942,648$0$0$9,841,499
96$16,349,340$0$0$10,770,389
97$17,895,815$0$0$11,791,664
98$19,596,213$0$0$12,914,675
99$21,466,116$0$0$14,149,721
100$23,522,688$0$0$15,508,151