Can I retire at age 40 with 354,000?

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 $354,000?

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$29,233$28,973$28,719$28,471$28,228$27,259
2 years$14,472$14,202$13,941$13,688$13,442$12,476
3 years$9,552$9,281$9,021$8,770$8,528$7,595
4 years$7,093$6,823$6,565$6,318$6,082$5,189
5 years$5,617$5,349$5,095$4,853$4,624$3,773
6 years$4,634$4,368$4,117$3,881$3,659$2,851
7 years$3,932$3,668$3,421$3,191$2,975$2,211
8 years$3,406$3,144$2,902$2,677$2,468$1,746
9 years$2,997$2,738$2,499$2,280$2,079$1,398
10 years$2,670$2,413$2,179$1,965$1,771$1,131
11 years$2,402$2,148$1,918$1,710$1,523$922
12 years$2,180$1,928$1,702$1,500$1,320$756
13 years$1,991$1,743$1,521$1,325$1,151$624
14 years$1,830$1,584$1,367$1,176$1,009$516
15 years$1,690$1,447$1,234$1,049$888$429
16 years$1,568$1,328$1,119$939$785$357
17 years$1,461$1,223$1,018$844$696$298
18 years$1,365$1,130$929$760$619$249
19 years$1,280$1,047$851$687$552$209
20 years$1,203$973$781$622$493$175
21 years$1,134$906$718$565$441$147
22 years$1,071$846$662$513$395$123
23 years$1,013$791$611$468$355$104
24 years$961$741$565$426$319$87
25 years$913$696$523$389$287$73
26 years$868$654$485$356$259$62
27 years$827$615$451$326$233$52
28 years$789$580$419$299$210$44
29 years$754$547$390$274$190$37
30 years$721$517$363$251$172$31
31 years$690$488$339$231$155$26
32 years$661$462$316$212$140$22
33 years$634$438$295$195$127$19
34 years$609$415$276$179$115$16
35 years$585$393$258$165$104$13
36 years$562$373$241$152$94$11
37 years$541$355$226$140$86$9
38 years$521$337$211$129$78$8
39 years$502$320$198$119$70$7
40 years$484$305$186$110$64$6
41 years$467$290$174$101$58$5
42 years$451$276$163$94$53$4
43 years$435$263$153$86$48$3
44 years$421$251$144$80$43$3
45 years$407$239$135$74$39$2
46 years$393$228$127$68$36$2
47 years$381$218$119$63$32$2
48 years$368$208$112$58$29$1
49 years$357$199$105$54$27$1
50 years$346$190$99$50$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $354,000, adding $2,814 every year, while hoping to spend $22,661 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: 32/45/23 Blend
39$354,000$354,000$354,000$354,000
40$393,011$374,249$368,762$402,731
41$408,987$368,476$357,004$404,530
42$425,833$361,660$344,093$404,232
43$443,613$353,728$329,966$403,448
44$462,400$344,598$314,558$402,151
45$482,269$334,188$297,800$400,312
46$503,305$322,407$279,621$397,902
47$525,600$309,163$259,945$394,890
48$549,253$294,355$238,696$391,247
49$574,376$277,877$215,792$386,943
50$601,088$259,619$191,146$381,946
51$629,521$239,462$164,672$376,227
52$659,818$217,281$136,274$369,755
53$692,137$192,946$105,857$362,501
54$726,651$166,316$73,319$354,436
55$763,549$137,245$38,554$345,531
56$803,037$105,576$1,452$335,761
57$845,344$71,147$0$325,101
58$890,719$33,783$0$322,889
59$939,436$0$0$320,733
60$991,794$0$0$321,609
61$1,048,123$0$0$340,587
62$1,108,786$0$0$361,065
63$1,174,180$0$0$383,182
64$1,244,741$0$0$407,092
65$1,320,950$0$0$432,963
66$1,403,333$0$0$460,980
67$1,492,470$0$0$491,345
68$1,588,998$0$0$524,284
69$1,693,617$0$0$560,041
70$1,807,097$0$0$598,887
71$1,930,285$0$0$641,119
72$2,064,113$0$0$687,065
73$2,209,605$0$0$737,086
74$2,367,888$0$0$791,576
75$2,540,202$0$0$850,973
76$2,727,912$0$0$915,755
77$2,932,519$0$0$986,452
78$3,155,677$0$0$1,063,645
79$3,399,205$0$0$1,147,974
80$3,665,104$0$0$1,240,143
81$3,955,579$0$0$1,340,928
82$4,273,056$0$0$1,451,183
83$4,620,208$0$0$1,571,849
84$4,999,974$0$0$1,703,961
85$5,415,595$0$0$1,848,660
86$5,870,637$0$0$2,007,201
87$6,369,026$0$0$2,180,968
88$6,915,088$0$0$2,371,484
89$7,513,585$0$0$2,580,426
90$8,169,763$0$0$2,809,642
91$8,889,400$0$0$3,061,167
92$9,678,860$0$0$3,337,244
93$10,545,150$0$0$3,640,341
94$11,495,992$0$0$3,973,180
95$12,539,890$0$0$4,338,756
96$13,686,212$0$0$4,740,370
97$14,945,276$0$0$5,181,660
98$16,328,453$0$0$5,666,631
99$17,848,264$0$0$6,199,697
100$19,518,506$0$0$6,785,721