Can I retire at age 40 with 387,000?

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 $387,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$31,958$31,673$31,396$31,125$30,860$30,704
2 years$15,821$15,526$15,241$14,964$14,695$14,538
3 years$10,442$10,147$9,862$9,587$9,323$9,169
4 years$7,754$7,459$7,177$6,907$6,649$6,500
5 years$6,141$5,848$5,569$5,305$5,055$4,911
6 years$5,066$4,775$4,501$4,243$4,000$3,861
7 years$4,299$4,010$3,740$3,488$3,253$3,119
8 years$3,723$3,437$3,172$2,926$2,699$2,570
9 years$3,276$2,993$2,732$2,492$2,273$2,150
10 years$2,919$2,638$2,382$2,149$1,936$1,819
11 years$2,626$2,349$2,097$1,870$1,665$1,553
12 years$2,383$2,108$1,861$1,640$1,443$1,336
13 years$2,177$1,905$1,663$1,448$1,258$1,156
14 years$2,001$1,732$1,494$1,285$1,103$1,005
15 years$1,848$1,582$1,349$1,146$971$878
16 years$1,715$1,451$1,223$1,026$858$770
17 years$1,597$1,337$1,113$922$761$677
18 years$1,493$1,235$1,016$831$677$597
19 years$1,399$1,145$930$751$603$528
20 years$1,315$1,064$853$680$539$467
21 years$1,239$991$785$617$482$415
22 years$1,171$925$724$561$432$368
23 years$1,108$865$668$511$388$328
24 years$1,050$810$618$466$349$292
25 years$998$761$572$426$314$260
26 years$949$715$531$389$283$232
27 years$904$673$493$356$255$208
28 years$863$634$458$326$230$185
29 years$824$598$426$299$208$166
30 years$788$565$397$275$188$148
31 years$754$534$370$252$170$133
32 years$723$505$345$232$153$119
33 years$693$478$323$213$139$107
34 years$665$453$301$196$126$96
35 years$639$430$282$181$114$86
36 years$615$408$264$166$103$77
37 years$591$388$247$153$94$69
38 years$570$368$231$141$85$62
39 years$549$350$216$130$77$56
40 years$529$333$203$120$70$50
41 years$510$317$190$111$63$45
42 years$493$302$178$102$57$40
43 years$476$288$167$94$52$36
44 years$460$274$157$87$47$33
45 years$445$262$148$81$43$29
46 years$430$250$139$74$39$26
47 years$416$238$130$69$35$24
48 years$403$227$122$64$32$21
49 years$390$217$115$59$29$19
50 years$378$207$108$54$27$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $387,000, adding $4,879 every year, while hoping to spend $24,682 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: 75/8/17 Blend
39$387,000$387,000$387,000$387,000
40$431,507$410,996$404,997$461,854
41$449,259$404,873$392,303$476,477
42$467,995$397,623$378,357$488,974
43$487,788$389,165$363,090$502,015
44$508,720$379,412$346,431$515,646
45$530,880$368,273$328,306$529,920
46$554,363$355,651$308,638$544,894
47$579,275$341,446$287,345$560,634
48$605,733$325,548$264,342$577,211
49$633,860$307,843$239,541$594,704
50$663,797$288,210$212,848$613,201
51$695,694$266,522$184,168$632,799
52$729,716$242,643$153,399$653,605
53$766,045$216,430$120,436$675,740
54$804,879$187,733$85,168$699,335
55$846,437$156,391$47,481$724,537
56$890,956$122,237$7,254$751,509
57$938,698$85,092$0$780,428
58$989,952$44,768$0$817,967
59$1,045,032$1,067$0$859,698
60$1,104,285$0$0$904,572
61$1,168,090$0$0$956,954
62$1,236,865$0$0$1,013,530
63$1,311,069$0$0$1,074,584
64$1,391,205$0$0$1,140,532
65$1,477,826$0$0$1,211,832
66$1,571,541$0$0$1,288,985
67$1,673,019$0$0$1,372,545
68$1,782,995$0$0$1,463,119
69$1,902,278$0$0$1,561,374
70$2,031,755$0$0$1,668,046
71$2,172,407$0$0$1,783,941
72$2,325,306$0$0$1,909,949
73$2,491,639$0$0$2,047,047
74$2,672,705$0$0$2,196,311
75$2,869,938$0$0$2,358,925
76$3,084,914$0$0$2,536,191
77$3,319,369$0$0$2,729,542
78$3,575,211$0$0$2,940,558
79$3,854,543$0$0$3,170,973
80$4,159,679$0$0$3,422,702
81$4,493,166$0$0$3,697,848
82$4,857,808$0$0$3,998,728
83$5,256,693$0$0$4,327,895
84$5,693,222$0$0$4,688,158
85$6,171,137$0$0$5,082,610
86$6,694,562$0$0$5,514,659
87$7,268,036$0$0$5,988,055
88$7,896,559$0$0$6,506,932
89$8,585,637$0$0$7,075,839
90$9,341,337$0$0$7,699,788
91$10,170,336$0$0$8,384,300
92$11,079,993$0$0$9,135,455
93$12,078,412$0$0$9,959,950
94$13,174,519$0$0$10,865,163
95$14,378,150$0$0$11,859,221
96$15,700,135$0$0$12,951,076
97$17,152,408$0$0$14,150,589
98$18,748,115$0$0$15,468,626
99$20,501,738$0$0$16,917,155
100$22,429,233$0$0$18,509,362