Can I retire at age 40 with 331,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $331,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$27,334$27,090$26,853$26,621$26,394$26,151
2 years$13,532$13,280$13,035$12,798$12,569$12,324
3 years$8,931$8,678$8,435$8,200$7,974$7,735
4 years$6,632$6,379$6,138$5,908$5,687$5,456
5 years$5,252$5,002$4,764$4,538$4,323$4,100
6 years$4,333$4,084$3,850$3,629$3,421$3,206
7 years$3,677$3,430$3,199$2,983$2,782$2,576
8 years$3,185$2,940$2,713$2,503$2,308$2,111
9 years$2,802$2,560$2,337$2,132$1,944$1,755
10 years$2,496$2,256$2,037$1,838$1,656$1,476
11 years$2,246$2,009$1,794$1,599$1,424$1,252
12 years$2,038$1,803$1,592$1,403$1,234$1,071
13 years$1,862$1,629$1,422$1,238$1,076$921
14 years$1,711$1,481$1,278$1,099$944$795
15 years$1,581$1,353$1,154$980$831$690
16 years$1,466$1,241$1,046$878$734$601
17 years$1,366$1,143$952$789$651$525
18 years$1,277$1,056$869$711$579$460
19 years$1,197$979$795$642$516$403
20 years$1,125$910$730$582$461$355
21 years$1,060$847$671$528$412$312
22 years$1,001$791$619$480$370$275
23 years$948$740$571$437$332$243
24 years$898$693$528$399$298$215
25 years$853$650$489$364$268$190
26 years$812$611$454$333$242$168
27 years$773$575$422$305$218$149
28 years$738$542$392$279$197$132
29 years$705$511$365$256$178$117
30 years$674$483$340$235$160$104
31 years$645$457$317$216$145$93
32 years$618$432$295$198$131$82
33 years$593$409$276$182$119$73
34 years$569$388$258$168$108$65
35 years$547$368$241$154$97$58
36 years$526$349$225$142$88$51
37 years$506$332$211$131$80$46
38 years$487$315$198$121$73$41
39 years$469$300$185$111$66$36
40 years$453$285$174$103$60$32
41 years$437$271$163$95$54$29
42 years$421$258$153$87$49$26
43 years$407$246$143$81$45$23
44 years$393$235$134$75$40$20
45 years$380$224$126$69$37$18
46 years$368$214$119$64$33$16
47 years$356$204$111$59$30$14
48 years$344$195$105$54$27$13
49 years$334$186$98$50$25$11
50 years$323$177$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 $331,000, adding $6,546 every year, while hoping to spend $25,555 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: 34/42/24 Blend
39$331,000$331,000$331,000$331,000
40$371,514$353,971$348,841$381,251
41$382,218$344,125$333,337$379,226
42$393,158$332,941$316,456$374,265
43$404,330$320,325$298,127$368,402
44$415,730$306,179$278,273$361,574
45$427,352$290,400$256,814$353,713
46$439,191$272,878$233,666$344,749
47$451,237$253,498$208,742$334,605
48$463,480$232,136$181,952$323,201
49$475,908$208,664$153,200$310,452
50$488,506$182,944$122,387$296,267
51$501,256$154,831$89,410$280,550
52$514,139$124,172$54,160$263,200
53$527,132$90,807$16,525$244,109
54$540,207$54,564$0$223,163
55$553,333$15,263$0$206,293
56$566,477$0$0$192,228
57$579,597$0$0$189,236
58$592,649$0$0$193,247
59$605,581$0$0$197,185
60$618,335$0$0$201,028
61$630,846$0$0$204,750
62$643,041$0$0$208,323
63$654,837$0$0$211,715
64$666,141$0$0$214,891
65$676,850$0$0$217,811
66$686,849$0$0$220,430
67$696,008$0$0$222,699
68$704,183$0$0$224,562
69$711,213$0$0$225,959
70$716,919$0$0$226,820
71$721,102$0$0$227,071
72$723,539$0$0$226,626
73$723,985$0$0$225,392
74$722,166$0$0$223,266
75$717,778$0$0$220,131
76$710,483$0$0$215,861
77$699,909$0$0$210,313
78$685,640$0$0$203,331
79$667,218$0$0$194,741
80$644,133$0$0$184,351
81$615,822$0$0$171,949
82$581,663$0$0$157,298
83$540,964$0$0$140,139
84$492,963$0$0$120,184
85$436,816$0$0$97,114
86$371,590$0$0$70,579
87$296,253$0$0$40,189
88$209,663$0$0$5,515
89$110,563$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0