Can I retire at age 40 with 416,000?

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 $416,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$34,353$34,047$33,748$33,457$33,172$31,856
2 years$17,006$16,690$16,383$16,085$15,796$14,487
3 years$11,225$10,907$10,601$10,306$10,022$8,760
4 years$8,335$8,018$7,715$7,425$7,148$5,943
5 years$6,601$6,286$5,987$5,703$5,434$4,289
6 years$5,446$5,133$4,838$4,561$4,299$3,216
7 years$4,621$4,311$4,021$3,750$3,497$2,474
8 years$4,002$3,695$3,410$3,145$2,901$1,938
9 years$3,522$3,217$2,937$2,679$2,443$1,538
10 years$3,137$2,836$2,560$2,310$2,081$1,233
11 years$2,823$2,525$2,254$2,010$1,790$996
12 years$2,561$2,266$2,001$1,763$1,551$810
13 years$2,340$2,048$1,787$1,556$1,353$661
14 years$2,151$1,861$1,606$1,382$1,186$542
15 years$1,986$1,700$1,450$1,232$1,044$446
16 years$1,843$1,560$1,315$1,103$923$368
17 years$1,717$1,437$1,196$991$818$304
18 years$1,604$1,328$1,092$893$727$251
19 years$1,504$1,230$1,000$807$648$208
20 years$1,414$1,143$917$731$579$173
21 years$1,332$1,065$844$664$518$143
22 years$1,258$994$778$603$465$119
23 years$1,191$930$718$549$417$99
24 years$1,129$871$664$501$375$82
25 years$1,073$818$615$458$337$69
26 years$1,020$768$570$418$304$57
27 years$972$723$530$383$274$48
28 years$927$681$492$351$247$40
29 years$886$643$458$322$223$33
30 years$847$607$427$295$202$28
31 years$811$574$398$271$182$23
32 years$777$543$371$249$165$19
33 years$745$514$347$229$149$16
34 years$715$487$324$211$135$13
35 years$687$462$303$194$122$11
36 years$661$439$283$179$111$9
37 years$636$417$265$165$101$8
38 years$612$396$248$152$91$6
39 years$590$377$233$140$83$5
40 years$569$358$218$129$75$4
41 years$549$341$204$119$68$4
42 years$530$325$192$110$62$3
43 years$512$309$180$102$56$3
44 years$494$295$169$94$51$2
45 years$478$281$159$87$46$2
46 years$462$268$149$80$42$2
47 years$447$256$140$74$38$1
48 years$433$244$132$68$35$1
49 years$419$233$124$63$31$1
50 years$406$223$116$58$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $416,000, adding $4,571 every year, while hoping to spend $25,345 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: 54/32/14 Blend
39$416,000$416,000$416,000$416,000
40$463,147$441,099$434,651$486,212
41$483,421$435,746$422,245$497,075
42$504,914$429,281$408,574$505,780
43$527,722$421,623$393,568$514,678
44$551,954$412,687$377,157$523,791
45$577,724$402,380$359,263$533,148
46$605,162$390,606$339,808$542,781
47$634,406$377,263$318,709$552,727
48$665,610$362,244$295,880$563,028
49$698,941$345,433$271,231$573,733
50$734,584$326,709$244,668$584,897
51$772,739$305,946$216,092$596,582
52$813,628$283,006$185,400$608,860
53$857,492$257,748$152,486$621,812
54$904,598$230,019$117,236$635,529
55$955,238$199,661$79,534$650,114
56$1,009,731$166,504$39,257$665,683
57$1,068,430$130,369$0$682,367
58$1,131,722$91,069$0$700,871
59$1,200,029$48,403$0$727,098
60$1,273,820$2,163$0$755,385
61$1,353,606$0$0$785,961
62$1,439,951$0$0$835,942
63$1,533,474$0$0$890,936
64$1,634,855$0$0$950,585
65$1,744,844$0$0$1,015,336
66$1,864,263$0$0$1,085,676
67$1,994,019$0$0$1,162,144
68$2,135,107$0$0$1,245,332
69$2,288,623$0$0$1,335,892
70$2,455,775$0$0$1,434,541
71$2,637,887$0$0$1,542,067
72$2,836,421$0$0$1,659,338
73$3,052,984$0$0$1,787,311
74$3,289,344$0$0$1,927,036
75$3,547,449$0$0$2,079,672
76$3,829,443$0$0$2,246,494
77$4,137,685$0$0$2,428,904
78$4,474,773$0$0$2,628,448
79$4,843,568$0$0$2,846,827
80$5,247,220$0$0$3,085,914
81$5,689,197$0$0$3,347,773
82$6,173,318$0$0$3,634,674
83$6,703,791$0$0$3,949,121
84$7,285,246$0$0$4,293,868
85$7,922,787$0$0$4,671,951
86$8,622,031$0$0$5,086,711
87$9,389,169$0$0$5,541,831
88$10,231,018$0$0$6,041,365
89$11,155,085$0$0$6,589,782
90$12,169,644$0$0$7,192,001
91$13,283,804$0$0$7,853,444
92$14,507,605$0$0$8,580,081
93$15,852,101$0$0$9,378,491
94$17,329,475$0$0$10,255,921
95$18,953,145$0$0$11,220,355
96$20,737,896$0$0$12,280,589
97$22,700,015$0$0$13,446,313
98$24,857,446$0$0$14,728,203
99$27,229,958$0$0$16,138,023
100$29,839,334$0$0$17,688,732