Can I retire at age 40 with 417,000?

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 $417,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$34,435$34,129$33,829$33,537$33,252$32,715
2 years$17,047$16,730$16,422$16,124$15,834$15,294
3 years$11,252$10,933$10,626$10,331$10,046$9,520
4 years$8,355$8,037$7,733$7,443$7,165$6,658
5 years$6,617$6,301$6,001$5,717$5,447$4,959
6 years$5,459$5,145$4,850$4,572$4,310$3,842
7 years$4,632$4,321$4,030$3,759$3,505$3,058
8 years$4,012$3,704$3,418$3,153$2,908$2,481
9 years$3,530$3,225$2,944$2,686$2,449$2,043
10 years$3,145$2,843$2,567$2,315$2,086$1,700
11 years$2,830$2,531$2,260$2,015$1,794$1,427
12 years$2,567$2,271$2,005$1,767$1,555$1,207
13 years$2,346$2,053$1,792$1,560$1,356$1,026
14 years$2,156$1,866$1,610$1,385$1,189$877
15 years$1,991$1,704$1,453$1,235$1,047$752
16 years$1,847$1,564$1,318$1,106$925$647
17 years$1,721$1,440$1,199$994$820$559
18 years$1,608$1,331$1,095$896$729$483
19 years$1,508$1,233$1,002$809$650$419
20 years$1,417$1,146$920$733$581$364
21 years$1,336$1,068$846$665$520$316
22 years$1,261$997$780$605$466$275
23 years$1,194$932$720$551$418$240
24 years$1,132$873$666$502$376$209
25 years$1,075$819$617$459$338$183
26 years$1,023$770$572$419$305$160
27 years$974$725$531$384$275$140
28 years$929$683$494$352$248$122
29 years$888$644$459$323$224$107
30 years$849$609$428$296$202$94
31 years$813$575$399$272$183$82
32 years$779$544$372$250$165$72
33 years$747$515$348$230$150$63
34 years$717$489$325$211$135$55
35 years$689$463$304$195$123$48
36 years$662$440$284$179$111$42
37 years$637$418$266$165$101$37
38 years$614$397$249$152$91$33
39 years$591$377$233$140$83$29
40 years$570$359$219$129$75$25
41 years$550$342$205$119$68$22
42 years$531$326$192$110$62$19
43 years$513$310$180$102$56$17
44 years$495$296$169$94$51$15
45 years$479$282$159$87$46$13
46 years$463$269$149$80$42$11
47 years$448$257$140$74$38$10
48 years$434$245$132$68$35$9
49 years$420$234$124$63$31$8
50 years$407$224$117$58$29$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $417,000, adding $4,303 every year, while hoping to spend $28,613 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: 48/27/25 Blend
39$417,000$417,000$417,000$417,000
40$463,973$441,872$435,408$482,760
41$480,854$433,079$419,550$487,563
42$498,498$422,897$402,202$489,597
43$516,952$411,227$383,284$491,236
44$536,269$397,964$362,711$492,454
45$556,503$383,000$340,397$493,227
46$577,716$366,216$316,250$493,532
47$599,973$347,490$290,173$493,342
48$623,344$326,691$262,069$492,634
49$647,908$303,682$231,831$491,382
50$673,748$278,316$199,351$489,561
51$700,957$250,440$164,515$487,146
52$729,633$219,890$127,205$484,114
53$759,885$186,494$87,296$480,441
54$791,831$150,070$44,658$476,105
55$825,601$110,426$0$471,084
56$861,335$67,360$0$465,585
57$899,186$20,656$0$472,093
58$939,323$0$0$478,705
59$981,930$0$0$494,340
60$1,027,206$0$0$517,500
61$1,075,372$0$0$542,164
62$1,126,668$0$0$568,457
63$1,181,356$0$0$596,519
64$1,239,726$0$0$626,500
65$1,302,092$0$0$658,567
66$1,368,800$0$0$692,903
67$1,440,231$0$0$729,706
68$1,516,800$0$0$769,196
69$1,598,963$0$0$811,613
70$1,687,221$0$0$857,222
71$1,782,124$0$0$906,312
72$1,884,276$0$0$959,200
73$1,994,340$0$0$1,016,238
74$2,113,042$0$0$1,077,808
75$2,241,184$0$0$1,144,333
76$2,379,643$0$0$1,216,276
77$2,529,386$0$0$1,294,146
78$2,691,473$0$0$1,378,504
79$2,867,072$0$0$1,469,966
80$3,057,466$0$0$1,569,209
81$3,264,066$0$0$1,676,978
82$3,488,423$0$0$1,794,092
83$3,732,244$0$0$1,921,452
84$3,997,407$0$0$2,060,051
85$4,285,978$0$0$2,210,980
86$4,600,229$0$0$2,375,438
87$4,942,662$0$0$2,554,747
88$5,316,029$0$0$2,750,362
89$5,723,360$0$0$2,963,883
90$6,167,989$0$0$3,197,073
91$6,653,588$0$0$3,451,870
92$7,184,195$0$0$3,730,411
93$7,764,261$0$0$4,035,045
94$8,398,683$0$0$4,368,363
95$9,092,853$0$0$4,733,214
96$9,852,710$0$0$5,132,737
97$10,684,793$0$0$5,570,389
98$11,596,303$0$0$6,049,975
99$12,595,168$0$0$6,575,689
100$13,690,123$0$0$7,152,147