Can I retire at age 40 with 348,000?

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 $348,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$28,738$28,482$28,232$27,988$27,750$27,564
2 years$14,226$13,962$13,705$13,456$13,214$13,026
3 years$9,390$9,124$8,868$8,621$8,384$8,200
4 years$6,972$6,707$6,454$6,211$5,979$5,801
5 years$5,522$5,258$5,008$4,771$4,545$4,373
6 years$4,556$4,294$4,047$3,815$3,597$3,431
7 years$3,866$3,606$3,363$3,137$2,925$2,766
8 years$3,348$3,091$2,852$2,631$2,427$2,274
9 years$2,946$2,691$2,457$2,241$2,044$1,897
10 years$2,624$2,372$2,142$1,932$1,741$1,601
11 years$2,362$2,112$1,886$1,681$1,497$1,364
12 years$2,143$1,896$1,673$1,475$1,298$1,170
13 years$1,958$1,713$1,495$1,302$1,132$1,010
14 years$1,799$1,557$1,343$1,156$992$876
15 years$1,662$1,422$1,213$1,031$873$764
16 years$1,542$1,305$1,100$923$772$668
17 years$1,436$1,202$1,001$829$684$586
18 years$1,342$1,111$913$747$609$515
19 years$1,258$1,029$836$675$542$454
20 years$1,183$956$767$612$485$401
21 years$1,115$891$706$555$434$354
22 years$1,053$832$651$505$389$314
23 years$996$778$601$460$349$278
24 years$945$729$556$419$314$247
25 years$897$684$515$383$282$220
26 years$853$643$477$350$254$196
27 years$813$605$443$320$229$174
28 years$776$570$412$294$207$155
29 years$741$538$383$269$187$138
30 years$708$508$357$247$169$123
31 years$678$480$333$227$153$110
32 years$650$454$311$209$138$98
33 years$623$430$290$192$125$88
34 years$598$408$271$176$113$78
35 years$575$387$253$162$102$70
36 years$553$367$237$150$93$63
37 years$532$349$222$138$84$56
38 years$512$331$208$127$76$50
39 years$493$315$195$117$69$45
40 years$476$300$182$108$63$40
41 years$459$285$171$100$57$36
42 years$443$272$160$92$52$32
43 years$428$259$151$85$47$29
44 years$413$247$141$78$43$26
45 years$400$235$133$72$39$23
46 years$387$224$125$67$35$21
47 years$374$214$117$62$32$18
48 years$362$205$110$57$29$17
49 years$351$195$103$53$26$15
50 years$340$187$97$49$24$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $348,000, adding $3,786 every year, while hoping to spend $27,291 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: 60/18/22 Blend
39$348,000$348,000$348,000$348,000
40$387,401$368,957$363,563$408,177
41$397,879$357,999$346,705$411,752
42$408,510$345,589$328,368$412,340
43$419,283$331,627$308,472$412,376
44$430,181$316,008$286,938$411,811
45$441,187$298,620$263,677$410,594
46$452,280$279,344$238,602$408,668
47$463,436$258,055$211,619$405,972
48$474,628$234,622$182,630$402,442
49$485,826$208,904$151,534$398,008
50$496,993$180,754$118,224$392,593
51$508,091$150,015$82,588$386,118
52$519,073$116,522$44,512$378,494
53$529,889$80,102$3,873$369,628
54$540,480$40,570$0$359,419
55$550,784$0$0$357,027
56$560,726$0$0$355,087
57$570,226$0$0$360,874
58$579,192$0$0$366,294
59$587,523$0$0$371,278
60$595,106$0$0$375,750
61$601,813$0$0$379,626
62$607,504$0$0$382,812
63$612,020$0$0$385,204
64$615,188$0$0$386,686
65$616,812$0$0$387,127
66$616,676$0$0$386,385
67$614,541$0$0$384,300
68$610,139$0$0$380,695
69$603,174$0$0$375,374
70$593,320$0$0$368,120
71$580,212$0$0$358,691
72$563,448$0$0$346,821
73$542,581$0$0$332,214
74$517,119$0$0$314,542
75$486,514$0$0$293,443
76$450,161$0$0$268,518
77$407,393$0$0$239,321
78$357,468$0$0$205,365
79$299,570$0$0$166,106
80$232,793$0$0$120,947
81$156,140$0$0$69,224
82$68,505$0$0$10,209
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