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%20%
1 years$30,224$29,955$29,692$29,436$29,185$28,016
2 years$14,962$14,684$14,414$14,152$13,898$12,735
3 years$9,876$9,596$9,327$9,067$8,817$7,697
4 years$7,333$7,054$6,787$6,532$6,289$5,219
5 years$5,808$5,530$5,267$5,018$4,780$3,765
6 years$4,791$4,516$4,257$4,013$3,783$2,821
7 years$4,065$3,793$3,537$3,299$3,076$2,169
8 years$3,521$3,251$3,000$2,767$2,552$1,698
9 years$3,098$2,831$2,584$2,357$2,149$1,347
10 years$2,760$2,495$2,253$2,032$1,831$1,079
11 years$2,484$2,221$1,983$1,768$1,575$871
12 years$2,253$1,994$1,760$1,551$1,365$708
13 years$2,059$1,802$1,572$1,369$1,190$578
14 years$1,892$1,638$1,413$1,216$1,043$473
15 years$1,748$1,496$1,276$1,084$919$389
16 years$1,622$1,373$1,157$971$812$320
17 years$1,510$1,264$1,052$872$720$264
18 years$1,412$1,168$961$786$640$219
19 years$1,323$1,083$880$710$570$181
20 years$1,244$1,006$807$643$510$150
21 years$1,172$937$742$584$456$125
22 years$1,107$875$684$531$409$103
23 years$1,048$818$632$483$367$86
24 years$993$766$584$441$330$71
25 years$944$719$541$403$297$59
26 years$898$676$502$368$267$49
27 years$855$636$466$337$241$41
28 years$816$599$433$309$217$34
29 years$779$566$403$283$196$28
30 years$745$534$376$260$177$24
31 years$713$505$350$239$160$20
32 years$683$478$327$219$145$16
33 years$655$452$305$202$131$14
34 years$629$429$285$186$119$11
35 years$605$407$266$171$108$10
36 years$581$386$249$157$98$8
37 years$559$367$233$145$88$7
38 years$539$348$218$134$80$5
39 years$519$331$205$123$73$5
40 years$500$315$192$114$66$4
41 years$483$300$180$105$60$3
42 years$466$286$169$97$54$3
43 years$450$272$158$89$49$2
44 years$435$260$149$82$45$2
45 years$420$247$140$76$41$2
46 years$407$236$131$70$37$1
47 years$393$225$123$65$33$1
48 years$381$215$116$60$30$1
49 years$369$205$109$56$28$1
50 years$357$196$102$51$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $366,000, adding $6,419 every year, while hoping to spend $23,348 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: 76/8/16 Blend
39$366,000$366,000$366,000$366,000
40$409,953$390,555$384,882$439,189
41$426,926$384,850$372,934$453,681
42$444,848$378,083$359,802$466,019
43$463,791$370,178$345,424$478,913
44$483,833$361,052$329,731$492,410
45$505,061$350,620$312,654$506,564
46$527,568$338,792$294,119$521,434
47$551,457$325,469$274,049$537,084
48$576,840$310,552$252,364$553,587
49$603,840$293,931$228,981$571,023
50$632,591$275,493$203,811$589,480
51$663,241$255,117$176,763$609,057
52$695,949$232,676$147,743$629,861
53$730,893$208,034$116,649$652,013
54$768,266$181,050$83,379$675,646
55$808,280$151,572$47,823$700,907
56$851,167$119,442$9,868$727,958
57$897,183$84,491$0$756,980
58$946,607$46,542$0$793,401
59$999,746$5,409$0$834,351
60$1,056,938$0$0$878,407
61$1,118,553$0$0$929,305
62$1,184,998$0$0$984,718
63$1,256,719$0$0$1,044,542
64$1,334,208$0$0$1,109,188
65$1,418,003$0$0$1,179,109
66$1,508,698$0$0$1,254,801
67$1,606,945$0$0$1,336,808
68$1,713,461$0$0$1,425,733
69$1,829,033$0$0$1,522,233
70$1,954,529$0$0$1,627,035
71$2,090,902$0$0$1,740,938
72$2,239,201$0$0$1,864,819
73$2,400,580$0$0$1,999,644
74$2,576,308$0$0$2,146,477
75$2,767,782$0$0$2,306,487
76$2,976,541$0$0$2,480,962
77$3,204,277$0$0$2,671,318
78$3,452,851$0$0$2,879,116
79$3,724,315$0$0$3,106,072
80$4,020,925$0$0$3,354,076
81$4,345,167$0$0$3,625,208
82$4,699,775$0$0$3,921,760
83$5,087,763$0$0$4,246,254
84$5,512,446$0$0$4,601,467
85$5,977,478$0$0$4,990,459
86$6,486,881$0$0$5,416,595
87$7,045,082$0$0$5,883,587
88$7,656,962$0$0$6,395,519
89$8,327,891$0$0$6,956,889
90$9,063,788$0$0$7,572,654
91$9,871,169$0$0$8,248,271
92$10,757,214$0$0$8,989,752
93$11,729,829$0$0$9,803,718
94$12,797,726$0$0$10,697,466
95$13,970,499$0$0$11,679,029
96$15,258,719$0$0$12,757,259
97$16,674,028$0$0$13,941,909
98$18,229,255$0$0$15,243,721
99$19,938,531$0$0$16,674,529
100$21,817,425$0$0$18,247,372