Can I retire at age 40 with 345,000?

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 $345,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$28,490$28,236$27,988$27,747$27,511$27,360
2 years$14,104$13,841$13,587$13,340$13,100$12,949
3 years$9,309$9,045$8,791$8,547$8,311$8,163
4 years$6,912$6,649$6,398$6,158$5,928$5,784
5 years$5,475$5,213$4,965$4,730$4,506$4,367
6 years$4,516$4,257$4,012$3,782$3,566$3,432
7 years$3,832$3,575$3,334$3,110$2,900$2,771
8 years$3,319$3,064$2,828$2,609$2,406$2,282
9 years$2,921$2,668$2,436$2,222$2,026$1,907
10 years$2,602$2,352$2,123$1,915$1,726$1,613
11 years$2,341$2,094$1,869$1,667$1,485$1,376
12 years$2,124$1,879$1,659$1,462$1,286$1,183
13 years$1,941$1,698$1,482$1,291$1,122$1,023
14 years$1,784$1,544$1,332$1,146$983$889
15 years$1,647$1,410$1,202$1,022$866$776
16 years$1,528$1,294$1,090$915$765$680
17 years$1,424$1,192$992$822$679$598
18 years$1,331$1,101$906$741$603$527
19 years$1,247$1,020$829$669$538$465
20 years$1,173$948$761$606$480$412
21 years$1,105$883$700$550$430$365
22 years$1,044$824$645$500$385$324
23 years$988$771$596$456$346$288
24 years$936$722$551$416$311$256
25 years$889$678$510$380$280$228
26 years$846$637$473$347$252$204
27 years$806$600$439$318$227$182
28 years$769$565$408$291$205$162
29 years$734$533$380$267$185$145
30 years$702$503$354$245$167$130
31 years$672$476$330$225$151$116
32 years$644$450$308$207$137$104
33 years$618$426$288$190$124$93
34 years$593$404$269$175$112$83
35 years$570$383$251$161$102$75
36 years$548$364$235$148$92$67
37 years$527$346$220$137$83$60
38 years$508$328$206$126$76$54
39 years$489$312$193$116$69$48
40 years$472$297$181$107$62$43
41 years$455$283$170$99$56$39
42 years$439$269$159$91$51$35
43 years$424$257$149$84$46$31
44 years$410$245$140$78$42$28
45 years$396$233$132$72$38$25
46 years$383$223$124$66$35$23
47 years$371$212$116$61$32$20
48 years$359$203$109$57$29$18
49 years$348$194$103$52$26$16
50 years$337$185$96$48$24$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $345,000, adding $4,738 every year, while hoping to spend $22,231 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: 52/36/12 Blend
39$345,000$345,000$345,000$345,000
40$385,077$366,792$361,445$403,641
41$400,702$361,111$349,900$411,150
42$417,174$354,407$337,222$416,541
43$434,559$346,606$323,352$421,894
44$452,924$337,630$308,224$427,211
45$472,344$327,396$291,772$432,496
46$492,902$315,817$273,925$437,753
47$514,687$302,800$254,610$442,991
48$537,796$288,249$233,751$448,218
49$562,337$272,058$211,267$453,447
50$588,426$254,120$187,075$458,694
51$616,191$234,317$161,088$463,977
52$645,772$212,528$133,214$469,319
53$677,322$188,624$103,358$474,746
54$711,009$162,467$71,421$480,293
55$747,017$133,913$37,299$485,995
56$785,548$102,810$883$491,899
57$826,823$68,996$0$498,056
58$871,084$32,302$0$509,388
59$918,597$0$0$521,540
60$969,654$0$0$537,445
61$1,024,576$0$0$568,344
62$1,083,715$0$0$601,642
63$1,147,457$0$0$637,558
64$1,216,226$0$0$676,336
65$1,290,489$0$0$718,243
66$1,370,758$0$0$763,570
67$1,457,597$0$0$812,642
68$1,551,625$0$0$865,811
69$1,653,523$0$0$923,467
70$1,764,038$0$0$986,039
71$1,883,994$0$0$1,053,997
72$2,014,297$0$0$1,127,859
73$2,155,941$0$0$1,208,195
74$2,310,024$0$0$1,295,632
75$2,477,749$0$0$1,390,860
76$2,660,444$0$0$1,494,638
77$2,859,567$0$0$1,607,802
78$3,076,725$0$0$1,731,270
79$3,313,686$0$0$1,866,056
80$3,572,396$0$0$2,013,274
81$3,854,996$0$0$2,174,149
82$4,163,846$0$0$2,350,032
83$4,501,541$0$0$2,542,410
84$4,870,940$0$0$2,752,920
85$5,275,190$0$0$2,983,365
86$5,717,758$0$0$3,235,728
87$6,202,459$0$0$3,512,197
88$6,733,496$0$0$3,815,178
89$7,315,498$0$0$4,147,322
90$7,953,563$0$0$4,511,549
91$8,653,305$0$0$4,911,075
92$9,420,907$0$0$5,349,442
93$10,263,182$0$0$5,830,551
94$11,187,630$0$0$6,358,702
95$12,202,517$0$0$6,938,626
96$13,316,946$0$0$7,575,540
97$14,540,944$0$0$8,275,189
98$15,885,558$0$0$9,043,900
99$17,362,959$0$0$9,888,646
100$18,986,552$0$0$10,817,107