Can I retire at age 40 with 392,000?

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 $392,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$32,371$32,083$31,801$31,527$31,259$30,741
2 years$16,025$15,727$15,438$15,157$14,885$14,365
3 years$10,577$10,278$9,989$9,711$9,444$8,937
4 years$7,854$7,555$7,270$6,996$6,735$6,247
5 years$6,220$5,923$5,641$5,374$5,120$4,651
6 years$5,132$4,837$4,559$4,298$4,051$3,602
7 years$4,354$4,062$3,789$3,533$3,295$2,865
8 years$3,772$3,482$3,213$2,964$2,733$2,323
9 years$3,319$3,032$2,767$2,525$2,302$1,911
10 years$2,956$2,672$2,413$2,176$1,961$1,590
11 years$2,660$2,379$2,124$1,894$1,687$1,334
12 years$2,414$2,135$1,885$1,661$1,462$1,127
13 years$2,205$1,930$1,684$1,467$1,275$958
14 years$2,026$1,754$1,513$1,302$1,117$818
15 years$1,872$1,602$1,366$1,161$984$701
16 years$1,737$1,470$1,239$1,040$870$603
17 years$1,618$1,354$1,127$934$771$520
18 years$1,512$1,251$1,029$842$686$449
19 years$1,417$1,159$942$761$611$389
20 years$1,332$1,077$865$689$546$338
21 years$1,256$1,004$795$625$488$293
22 years$1,186$937$733$568$438$255
23 years$1,122$876$677$518$393$222
24 years$1,064$821$626$472$353$194
25 years$1,011$770$580$431$318$169
26 years$961$724$538$394$286$148
27 years$916$681$499$361$258$129
28 years$874$642$464$331$233$113
29 years$834$606$432$303$210$98
30 years$798$572$402$278$190$86
31 years$764$541$375$256$172$75
32 years$732$512$350$235$155$66
33 years$702$485$327$216$141$58
34 years$674$459$305$199$127$51
35 years$647$436$285$183$115$44
36 years$623$413$267$169$104$39
37 years$599$393$250$155$95$34
38 years$577$373$234$143$86$30
39 years$556$355$219$132$78$26
40 years$536$338$205$122$71$23
41 years$517$321$193$112$64$20
42 years$499$306$181$104$58$18
43 years$482$292$170$96$53$15
44 years$466$278$159$88$48$14
45 years$450$265$149$82$43$12
46 years$436$253$140$75$39$10
47 years$421$241$132$70$36$9
48 years$408$230$124$64$33$8
49 years$395$220$117$59$30$7
50 years$383$210$110$55$27$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $392,000, adding $6,024 every year, while hoping to spend $25,873 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: 60/33/7 Blend
39$392,000$392,000$392,000$392,000
40$438,198$417,422$411,346$463,499
41$455,365$410,347$397,597$474,096
42$473,417$402,058$382,521$482,141
43$492,415$392,468$366,045$490,262
44$512,428$381,486$348,095$498,468
45$533,531$369,015$328,591$506,769
46$555,805$354,950$307,453$515,177
47$579,338$339,184$284,593$523,706
48$604,227$321,600$259,924$532,374
49$630,578$302,078$233,350$541,202
50$658,505$280,487$204,775$550,215
51$688,133$256,693$174,097$559,441
52$719,602$230,550$141,208$568,913
53$753,061$201,906$105,998$578,670
54$788,674$170,600$68,350$588,757
55$826,622$136,463$28,143$599,226
56$867,102$99,315$0$610,135
57$910,331$58,965$0$622,656
58$956,544$15,214$0$638,077
59$1,006,002$0$0$654,394
60$1,058,989$0$0$683,391
61$1,115,818$0$0$720,436
62$1,176,831$0$0$760,231
63$1,242,403$0$0$803,025
64$1,312,949$0$0$849,088
65$1,388,921$0$0$898,721
66$1,470,816$0$0$952,252
67$1,559,182$0$0$1,010,042
68$1,654,619$0$0$1,072,486
69$1,757,787$0$0$1,140,022
70$1,869,412$0$0$1,213,129
71$1,990,291$0$0$1,292,332
72$2,121,301$0$0$1,378,210
73$2,263,405$0$0$1,471,402
74$2,417,665$0$0$1,572,606
75$2,585,247$0$0$1,682,593
76$2,767,433$0$0$1,802,211
77$2,965,634$0$0$1,932,392
78$3,181,403$0$0$2,074,161
79$3,416,448$0$0$2,228,648
80$3,672,651$0$0$2,397,094
81$3,952,079$0$0$2,580,867
82$4,257,011$0$0$2,781,472
83$4,589,954$0$0$3,000,566
84$4,953,666$0$0$3,239,972
85$5,351,186$0$0$3,501,698
86$5,785,860$0$0$3,787,954
87$6,261,368$0$0$4,101,174
88$6,781,768$0$0$4,444,038
89$7,351,522$0$0$4,819,498
90$7,975,550$0$0$5,230,803
91$8,659,264$0$0$5,681,532
92$9,408,629$0$0$6,175,627
93$10,230,212$0$0$6,717,428
94$11,131,246$0$0$7,311,718
95$12,119,698$0$0$7,963,763
96$13,204,345$0$0$8,679,363
97$14,394,851$0$0$9,464,908
98$15,701,863$0$0$10,327,437
99$17,137,112$0$0$11,274,702
100$18,713,516$0$0$12,315,245