Can I retire at age 40 with 353,000?

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 $353,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$29,150$28,891$28,637$28,390$28,149$27,302
2 years$14,431$14,162$13,902$13,649$13,404$12,559
3 years$9,525$9,255$8,995$8,745$8,504$7,686
4 years$7,073$6,803$6,546$6,300$6,065$5,281
5 years$5,601$5,334$5,080$4,839$4,611$3,862
6 years$4,621$4,356$4,106$3,870$3,648$2,936
7 years$3,921$3,658$3,412$3,182$2,967$2,291
8 years$3,396$3,135$2,893$2,669$2,461$1,821
9 years$2,988$2,730$2,492$2,273$2,073$1,468
10 years$2,662$2,406$2,173$1,960$1,766$1,196
11 years$2,396$2,142$1,913$1,706$1,519$982
12 years$2,173$1,923$1,698$1,496$1,316$811
13 years$1,986$1,738$1,517$1,321$1,148$674
14 years$1,825$1,579$1,363$1,172$1,006$562
15 years$1,686$1,443$1,230$1,046$886$471
16 years$1,564$1,324$1,115$936$783$395
17 years$1,457$1,219$1,015$841$694$332
18 years$1,361$1,127$927$758$617$280
19 years$1,276$1,044$848$685$550$237
20 years$1,200$970$778$620$491$200
21 years$1,131$904$716$563$440$169
22 years$1,068$844$660$512$394$144
23 years$1,011$789$609$466$354$122
24 years$958$739$564$425$318$103
25 years$910$694$522$388$286$88
26 years$866$652$484$355$258$74
27 years$825$614$450$325$232$63
28 years$787$578$418$298$210$54
29 years$751$545$389$273$189$46
30 years$719$515$362$251$171$39
31 years$688$487$338$230$155$33
32 years$659$461$315$212$140$28
33 years$632$436$294$195$127$24
34 years$607$414$275$179$115$20
35 years$583$392$257$165$104$17
36 years$561$372$240$152$94$15
37 years$539$354$225$140$85$13
38 years$519$336$211$129$77$11
39 years$501$320$197$119$70$9
40 years$483$304$185$110$64$8
41 years$466$289$174$101$58$7
42 years$449$276$163$93$52$6
43 years$434$263$153$86$48$5
44 years$419$250$143$80$43$4
45 years$405$239$135$73$39$3
46 years$392$228$126$68$36$3
47 years$379$217$119$63$32$3
48 years$367$207$112$58$29$2
49 years$356$198$105$54$27$2
50 years$345$189$99$49$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $353,000, adding $2,854 every year, while hoping to spend $28,627 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: 42/43/15 Blend
39$353,000$353,000$353,000$353,000
40$391,950$373,241$367,769$406,578
41$401,470$361,071$349,631$404,986
42$411,001$347,345$329,925$400,217
43$420,516$331,957$308,569$394,437
44$429,979$314,794$285,478$387,566
45$439,355$295,737$260,559$379,519
46$448,601$274,660$233,720$370,206
47$457,670$251,430$204,861$359,528
48$466,508$225,905$173,880$347,382
49$475,056$197,939$140,668$333,657
50$483,246$167,372$105,115$318,233
51$491,003$134,039$67,102$300,982
52$498,242$97,764$26,507$281,768
53$504,871$58,362$0$260,442
54$510,784$15,638$0$239,540
55$515,863$0$0$220,904
56$519,980$0$0$214,615
57$522,989$0$0$215,187
58$524,729$0$0$215,146
59$525,021$0$0$214,407
60$523,666$0$0$212,880
61$520,443$0$0$210,459
62$515,107$0$0$207,031
63$507,387$0$0$202,469
64$496,981$0$0$196,633
65$483,556$0$0$189,368
66$466,741$0$0$180,500
67$446,129$0$0$169,841
68$421,264$0$0$157,178
69$391,647$0$0$142,280
70$356,723$0$0$124,887
71$315,878$0$0$104,716
72$268,434$0$0$81,450
73$213,641$0$0$54,741
74$150,671$0$0$24,206
75$78,607$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