Can I retire at age 40 with 372,000?

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 $372,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$30,719$30,446$30,179$29,918$29,664$28,783
2 years$15,208$14,924$14,650$14,384$14,126$13,246
3 years$10,038$9,753$9,479$9,216$8,962$8,110
4 years$7,453$7,170$6,899$6,639$6,392$5,575
5 years$5,903$5,621$5,354$5,100$4,859$4,079
6 years$4,870$4,590$4,327$4,078$3,845$3,103
7 years$4,132$3,855$3,595$3,353$3,127$2,423
8 years$3,579$3,304$3,049$2,813$2,594$1,927
9 years$3,149$2,877$2,626$2,396$2,184$1,554
10 years$2,805$2,536$2,290$2,065$1,861$1,267
11 years$2,524$2,258$2,016$1,797$1,601$1,041
12 years$2,290$2,026$1,789$1,577$1,387$861
13 years$2,093$1,831$1,598$1,392$1,210$716
14 years$1,923$1,664$1,436$1,236$1,060$597
15 years$1,776$1,520$1,297$1,102$934$500
16 years$1,648$1,395$1,176$987$825$420
17 years$1,535$1,285$1,070$886$732$354
18 years$1,435$1,187$976$799$651$299
19 years$1,345$1,100$894$722$580$252
20 years$1,264$1,022$820$654$518$214
21 years$1,191$952$755$593$463$181
22 years$1,125$889$695$539$415$153
23 years$1,065$831$642$491$373$130
24 years$1,010$779$594$448$335$111
25 years$959$731$550$409$302$94
26 years$912$687$510$374$272$80
27 years$869$647$474$343$245$68
28 years$829$609$440$314$221$58
29 years$792$575$410$288$200$49
30 years$757$543$382$264$180$42
31 years$725$513$356$243$163$36
32 years$695$486$332$223$147$30
33 years$666$460$310$205$133$26
34 years$640$436$290$189$121$22
35 years$614$413$271$174$109$19
36 years$591$392$253$160$99$16
37 years$569$373$237$147$90$14
38 years$547$354$222$136$81$12
39 years$527$337$208$125$74$10
40 years$509$320$195$115$67$8
41 years$491$305$183$107$61$7
42 years$474$290$172$98$55$6
43 years$457$277$161$91$50$5
44 years$442$264$151$84$45$4
45 years$427$252$142$77$41$4
46 years$413$240$133$72$37$3
47 years$400$229$125$66$34$3
48 years$387$219$118$61$31$2
49 years$375$209$111$56$28$2
50 years$363$199$104$52$25$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $372,000, adding $6,487 every year, while hoping to spend $22,177 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: 49/25/26 Blend
39$372,000$372,000$372,000$372,000
40$416,635$396,919$391,153$433,699
41$435,536$392,772$380,661$442,147
42$455,621$387,679$369,074$448,595
43$476,988$381,569$356,331$455,161
44$499,744$374,369$342,371$461,866
45$524,006$366,000$327,128$468,734
46$549,900$356,380$310,533$475,794
47$577,568$345,420$292,514$483,079
48$607,162$333,028$272,995$490,628
49$638,852$319,106$251,900$498,486
50$672,821$303,549$229,145$506,702
51$709,273$286,246$204,645$515,334
52$748,429$267,083$178,311$524,447
53$790,533$245,935$150,049$534,117
54$835,854$222,672$119,762$544,427
55$884,685$197,157$87,349$555,472
56$937,350$169,244$52,701$567,361
57$994,203$138,780$15,710$580,216
58$1,055,634$105,603$0$594,172
59$1,122,071$69,540$0$615,978
60$1,193,987$30,412$0$644,292
61$1,271,897$0$0$674,982
62$1,356,373$0$0$711,595
63$1,448,039$0$0$760,437
64$1,547,585$0$0$813,513
65$1,655,768$0$0$871,232
66$1,773,421$0$0$934,042
67$1,901,460$0$0$1,002,438
68$2,040,895$0$0$1,076,965
69$2,192,834$0$0$1,158,219
70$2,358,501$0$0$1,246,861
71$2,539,238$0$0$1,343,615
72$2,736,525$0$0$1,449,279
73$2,951,992$0$0$1,564,733
74$3,187,432$0$0$1,690,943
75$3,444,818$0$0$1,828,975
76$3,726,323$0$0$1,980,000
77$4,034,342$0$0$2,145,312
78$4,371,508$0$0$2,326,331
79$4,740,724$0$0$2,524,622
80$5,145,184$0$0$2,741,912
81$5,588,408$0$0$2,980,098
82$6,074,270$0$0$3,241,271
83$6,607,040$0$0$3,527,737
84$7,191,418$0$0$3,842,031
85$7,832,582$0$0$4,186,950
86$8,536,235$0$0$4,565,570
87$9,308,660$0$0$4,981,283
88$10,156,776$0$0$5,437,825
89$11,088,208$0$0$5,939,311
90$12,111,352$0$0$6,490,273
91$13,235,459$0$0$7,095,705
92$14,470,720$0$0$7,761,110
93$15,828,364$0$0$8,492,547
94$17,320,758$0$0$9,296,695
95$18,961,531$0$0$10,180,910
96$20,765,695$0$0$11,153,298
97$22,749,792$0$0$12,222,788
98$24,932,046$0$0$13,399,220
99$27,332,535$0$0$14,693,433
100$29,973,383$0$0$16,117,372