Can I retire at age 40 with 366,000?

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 $366,000?

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$30,224$29,955$29,692$29,436$29,185$28,989
2 years$14,962$14,684$14,414$14,152$13,898$13,700
3 years$9,876$9,596$9,327$9,067$8,817$8,624
4 years$7,333$7,054$6,787$6,532$6,289$6,101
5 years$5,808$5,530$5,267$5,018$4,780$4,600
6 years$4,791$4,516$4,257$4,013$3,783$3,608
7 years$4,065$3,793$3,537$3,299$3,076$2,909
8 years$3,521$3,251$3,000$2,767$2,552$2,392
9 years$3,098$2,831$2,584$2,357$2,149$1,995
10 years$2,760$2,495$2,253$2,032$1,831$1,684
11 years$2,484$2,221$1,983$1,768$1,575$1,434
12 years$2,253$1,994$1,760$1,551$1,365$1,231
13 years$2,059$1,802$1,572$1,369$1,190$1,062
14 years$1,892$1,638$1,413$1,216$1,043$922
15 years$1,748$1,496$1,276$1,084$919$803
16 years$1,622$1,373$1,157$971$812$702
17 years$1,510$1,264$1,052$872$720$616
18 years$1,412$1,168$961$786$640$541
19 years$1,323$1,083$880$710$570$477
20 years$1,244$1,006$807$643$510$421
21 years$1,172$937$742$584$456$373
22 years$1,107$875$684$531$409$330
23 years$1,048$818$632$483$367$293
24 years$993$766$584$441$330$260
25 years$944$719$541$403$297$231
26 years$898$676$502$368$267$206
27 years$855$636$466$337$241$183
28 years$816$599$433$309$217$163
29 years$779$566$403$283$196$145
30 years$745$534$376$260$177$130
31 years$713$505$350$239$160$116
32 years$683$478$327$219$145$103
33 years$655$452$305$202$131$92
34 years$629$429$285$186$119$83
35 years$605$407$266$171$108$74
36 years$581$386$249$157$98$66
37 years$559$367$233$145$88$59
38 years$539$348$218$134$80$53
39 years$519$331$205$123$73$47
40 years$500$315$192$114$66$42
41 years$483$300$180$105$60$38
42 years$466$286$169$97$54$34
43 years$450$272$158$89$49$30
44 years$435$260$149$82$45$27
45 years$420$247$140$76$41$24
46 years$407$236$131$70$37$22
47 years$393$225$123$65$33$19
48 years$381$215$116$60$30$17
49 years$369$205$109$56$28$16
50 years$357$196$102$51$25$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $366,000, adding $4,598 every year, while hoping to spend $27,979 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: 45/36/19 Blend
39$366,000$366,000$366,000$366,000
40$408,075$388,677$383,004$424,021
41$419,929$377,953$366,065$424,936
42$432,055$365,765$347,621$422,791
43$444,450$352,013$327,592$419,879
44$457,111$336,590$305,894$416,142
45$470,035$319,381$282,440$411,519
46$483,216$300,268$257,139$405,943
47$496,646$279,123$229,895$399,345
48$510,316$255,812$200,609$391,649
49$524,216$230,195$169,177$382,777
50$538,332$202,120$135,490$372,644
51$552,647$171,429$99,435$361,160
52$567,145$137,957$60,893$348,229
53$581,802$101,525$19,741$333,751
54$596,593$61,947$0$317,616
55$611,490$19,027$0$304,611
56$626,458$0$0$294,302
57$641,461$0$0$293,452
58$656,453$0$0$300,110
59$671,385$0$0$306,714
60$686,202$0$0$313,235
61$700,840$0$0$319,642
62$715,227$0$0$325,898
63$729,283$0$0$331,962
64$742,918$0$0$337,788
65$756,029$0$0$343,325
66$768,504$0$0$348,516
67$780,216$0$0$353,298
68$791,021$0$0$357,597
69$800,763$0$0$361,336
70$809,263$0$0$364,424
71$816,325$0$0$366,765
72$821,729$0$0$368,246
73$825,233$0$0$368,747
74$826,564$0$0$368,132
75$825,421$0$0$366,249
76$821,469$0$0$362,933
77$814,338$0$0$357,997
78$803,616$0$0$351,236
79$788,846$0$0$342,423
80$769,522$0$0$331,304
81$745,084$0$0$317,600
82$714,911$0$0$301,003
83$678,315$0$0$281,169
84$634,537$0$0$257,721
85$582,736$0$0$230,239
86$521,980$0$0$198,260
87$451,241$0$0$161,271
88$369,381$0$0$118,708
89$275,143$0$0$69,945
90$167,137$0$0$14,290
91$43,829$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