Can I retire at age 40 with 347,000?

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 $347,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$28,655$28,400$28,151$27,908$27,670$26,720
2 years$14,186$13,921$13,665$13,417$13,176$12,229
3 years$9,363$9,098$8,842$8,596$8,360$7,445
4 years$6,952$6,688$6,435$6,193$5,962$5,086
5 years$5,506$5,243$4,994$4,757$4,532$3,698
6 years$4,543$4,282$4,036$3,804$3,586$2,795
7 years$3,854$3,596$3,354$3,128$2,917$2,167
8 years$3,339$3,082$2,844$2,624$2,420$1,712
9 years$2,938$2,684$2,450$2,235$2,038$1,370
10 years$2,617$2,365$2,136$1,926$1,736$1,108
11 years$2,355$2,106$1,880$1,677$1,493$904
12 years$2,137$1,890$1,669$1,471$1,294$741
13 years$1,952$1,708$1,491$1,298$1,128$611
14 years$1,794$1,553$1,340$1,152$989$506
15 years$1,657$1,418$1,209$1,028$871$420
16 years$1,537$1,301$1,097$920$770$350
17 years$1,432$1,198$998$827$682$292
18 years$1,338$1,107$911$745$607$244
19 years$1,255$1,026$834$673$541$205
20 years$1,179$954$765$610$483$172
21 years$1,111$888$704$553$432$144
22 years$1,050$829$649$503$388$121
23 years$993$776$599$458$348$102
24 years$942$727$554$418$313$86
25 years$895$682$513$382$281$72
26 years$851$641$476$349$253$61
27 years$811$603$442$319$228$51
28 years$773$568$411$293$206$43
29 years$739$536$382$268$186$36
30 years$706$506$356$246$168$31
31 years$676$479$332$226$152$26
32 years$648$453$310$208$138$22
33 years$621$429$289$191$124$18
34 years$597$407$270$176$113$15
35 years$573$386$253$162$102$13
36 years$551$366$236$149$93$11
37 years$530$348$221$137$84$9
38 years$511$330$207$127$76$8
39 years$492$314$194$117$69$7
40 years$474$299$182$108$63$6
41 years$458$284$171$99$57$5
42 years$442$271$160$92$51$4
43 years$427$258$150$85$47$3
44 years$412$246$141$78$42$3
45 years$399$235$132$72$38$2
46 years$386$224$124$67$35$2
47 years$373$214$117$62$32$2
48 years$361$204$110$57$29$1
49 years$350$195$103$53$26$1
50 years$339$186$97$49$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $347,000, adding $4,077 every year, while hoping to spend $30,042 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: 43/27/30 Blend
39$347,000$347,000$347,000$347,000
40$386,599$368,208$362,830$399,695
41$394,068$354,286$343,020$395,577
42$401,292$338,675$321,540$387,986
43$408,214$321,260$298,302$379,198
44$414,770$301,921$273,214$369,121
45$420,890$280,528$246,180$357,655
46$426,495$256,948$217,101$344,692
47$431,496$231,037$185,872$330,120
48$435,793$202,643$152,384$313,812
49$439,278$171,606$116,523$295,639
50$441,829$137,759$78,170$275,456
51$443,308$100,922$37,202$253,111
52$443,565$60,907$0$228,438
53$442,432$17,514$0$203,346
54$439,723$0$0$188,402
55$435,230$0$0$180,276
56$428,725$0$0$176,376
57$419,953$0$0$171,376
58$408,633$0$0$165,141
59$394,452$0$0$157,524
60$377,065$0$0$148,359
61$356,089$0$0$137,464
62$331,101$0$0$124,639
63$301,634$0$0$109,659
64$267,169$0$0$92,279
65$227,133$0$0$72,227
66$180,895$0$0$49,201
67$127,753$0$0$22,870
68$66,937$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$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