Can I retire at age 40 with 370,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$30,554$30,282$30,017$29,757$29,504$29,294
2 years$15,126$14,844$14,571$14,306$14,050$13,837
3 years$9,984$9,701$9,428$9,166$8,914$8,706
4 years$7,413$7,131$6,862$6,604$6,357$6,156
5 years$5,871$5,591$5,325$5,072$4,833$4,639
6 years$4,844$4,565$4,303$4,056$3,824$3,637
7 years$4,110$3,834$3,576$3,335$3,110$2,930
8 years$3,560$3,286$3,033$2,798$2,580$2,408
9 years$3,132$2,861$2,612$2,383$2,173$2,008
10 years$2,790$2,522$2,277$2,054$1,851$1,694
11 years$2,511$2,245$2,005$1,788$1,592$1,442
12 years$2,278$2,015$1,779$1,568$1,380$1,236
13 years$2,081$1,821$1,590$1,384$1,203$1,066
14 years$1,913$1,655$1,428$1,229$1,055$925
15 years$1,767$1,512$1,290$1,096$929$805
16 years$1,639$1,388$1,169$981$821$703
17 years$1,527$1,278$1,064$882$728$616
18 years$1,427$1,181$971$795$647$542
19 years$1,338$1,094$889$718$577$477
20 years$1,258$1,017$816$650$515$421
21 years$1,185$947$751$590$461$372
22 years$1,119$884$692$537$413$329
23 years$1,059$827$639$489$371$292
24 years$1,004$775$591$446$333$259
25 years$954$727$547$407$300$230
26 years$907$683$507$372$270$205
27 years$864$643$471$341$244$182
28 years$825$606$438$312$220$162
29 years$788$572$408$286$199$144
30 years$753$540$380$263$179$129
31 years$721$510$354$241$162$115
32 years$691$483$330$222$147$102
33 years$663$457$308$204$133$91
34 years$636$433$288$188$120$82
35 years$611$411$269$173$109$73
36 years$588$390$252$159$99$65
37 years$565$371$236$147$89$58
38 years$544$352$221$135$81$52
39 years$525$335$207$125$73$46
40 years$506$319$194$115$67$42
41 years$488$303$182$106$60$37
42 years$471$289$171$98$55$33
43 years$455$275$160$90$50$30
44 years$440$262$150$83$45$27
45 years$425$250$141$77$41$24
46 years$411$239$133$71$37$21
47 years$398$228$124$66$34$19
48 years$385$217$117$61$31$17
49 years$373$208$110$56$28$15
50 years$361$198$103$52$25$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $370,000, adding $4,948 every year, while hoping to spend $27,935 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: 64/27/9 Blend
39$370,000$370,000$370,000$370,000
40$412,844$393,234$387,499$438,173
41$425,231$382,780$370,757$445,231
42$437,946$370,877$352,519$449,207
43$450,992$357,425$332,704$452,834
44$464,372$342,318$311,228$456,076
45$478,090$325,444$288,006$458,895
46$492,147$306,682$262,946$461,250
47$506,544$285,908$235,953$463,099
48$521,282$262,988$206,928$464,394
49$536,360$237,782$175,768$465,086
50$551,777$210,141$142,363$465,120
51$567,527$179,907$106,602$464,441
52$583,608$146,916$68,367$462,986
53$600,012$110,991$27,533$460,689
54$616,731$71,947$0$457,482
55$633,755$29,589$0$454,828
56$651,069$0$0$454,028
57$668,658$0$0$457,203
58$686,504$0$0$469,336
59$704,583$0$0$481,620
60$722,871$0$0$494,035
61$741,336$0$0$506,561
62$759,943$0$0$519,171
63$778,653$0$0$531,838
64$797,419$0$0$544,527
65$816,188$0$0$557,201
66$834,901$0$0$569,818
67$853,490$0$0$582,329
68$871,877$0$0$594,680
69$889,977$0$0$606,808
70$907,693$0$0$618,644
71$924,913$0$0$630,112
72$941,516$0$0$641,122
73$957,364$0$0$651,577
74$972,303$0$0$661,369
75$986,160$0$0$670,374
76$998,742$0$0$678,456
77$1,009,836$0$0$685,463
78$1,019,202$0$0$691,226
79$1,026,574$0$0$695,556
80$1,031,655$0$0$698,243
81$1,034,117$0$0$699,054
82$1,033,592$0$0$697,730
83$1,029,674$0$0$693,983
84$1,021,912$0$0$687,493
85$1,009,806$0$0$677,908
86$992,801$0$0$664,834
87$970,280$0$0$647,837
88$941,564$0$0$626,435
89$905,896$0$0$600,093
90$862,441$0$0$568,223
91$810,274$0$0$530,169
92$748,372$0$0$485,210
93$675,603$0$0$432,545
94$590,714$0$0$371,291
95$492,322$0$0$300,469
96$378,897$0$0$219,000
97$248,748$0$0$125,689
98$100,006$0$0$19,217
99$0$0$0$0
100$0$0$0$0