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%
1 years$34,435$34,129$33,829$33,537$33,252$32,837
2 years$17,047$16,730$16,422$16,124$15,834$15,416
3 years$11,252$10,933$10,626$10,331$10,046$9,638
4 years$8,355$8,037$7,733$7,443$7,165$6,771
5 years$6,617$6,301$6,001$5,717$5,447$5,067
6 years$5,459$5,145$4,850$4,572$4,310$3,945
7 years$4,632$4,321$4,030$3,759$3,505$3,156
8 years$4,012$3,704$3,418$3,153$2,908$2,574
9 years$3,530$3,225$2,944$2,686$2,449$2,130
10 years$3,145$2,843$2,567$2,315$2,086$1,783
11 years$2,830$2,531$2,260$2,015$1,794$1,505
12 years$2,567$2,271$2,005$1,767$1,555$1,280
13 years$2,346$2,053$1,792$1,560$1,356$1,095
14 years$2,156$1,866$1,610$1,385$1,189$941
15 years$1,991$1,704$1,453$1,235$1,047$812
16 years$1,847$1,564$1,318$1,106$925$704
17 years$1,721$1,440$1,199$994$820$611
18 years$1,608$1,331$1,095$896$729$532
19 years$1,508$1,233$1,002$809$650$464
20 years$1,417$1,146$920$733$581$406
21 years$1,336$1,068$846$665$520$355
22 years$1,261$997$780$605$466$311
23 years$1,194$932$720$551$418$273
24 years$1,132$873$666$502$376$240
25 years$1,075$819$617$459$338$211
26 years$1,023$770$572$419$305$186
27 years$974$725$531$384$275$163
28 years$929$683$494$352$248$144
29 years$888$644$459$323$224$127
30 years$849$609$428$296$202$112
31 years$813$575$399$272$183$99
32 years$779$544$372$250$165$87
33 years$747$515$348$230$150$77
34 years$717$489$325$211$135$68
35 years$689$463$304$195$123$60
36 years$662$440$284$179$111$53
37 years$637$418$266$165$101$47
38 years$614$397$249$152$91$41
39 years$591$377$233$140$83$37
40 years$570$359$219$129$75$32
41 years$550$342$205$119$68$29
42 years$531$326$192$110$62$25
43 years$513$310$180$102$56$22
44 years$495$296$169$94$51$20
45 years$479$282$159$87$46$18
46 years$463$269$149$80$42$15
47 years$448$257$140$74$38$14
48 years$434$245$132$68$35$12
49 years$420$234$124$63$31$11
50 years$407$224$117$58$29$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $417,000, adding $3,710 every year, while hoping to spend $34,289 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: 64/24/12 Blend
39$417,000$417,000$417,000$417,000
40$463,361$441,260$434,796$491,504
41$474,140$426,398$412,879$495,914
42$484,870$409,659$389,078$496,409
43$495,509$390,915$363,294$496,092
44$506,011$370,029$335,424$494,883
45$516,322$346,859$305,359$492,695
46$526,384$321,252$272,985$489,435
47$536,130$293,048$238,185$485,001
48$545,486$262,078$200,835$479,283
49$554,368$228,163$160,806$472,161
50$562,684$191,113$117,963$463,504
51$570,329$150,729$72,166$453,171
52$577,186$106,798$23,267$441,010
53$583,126$59,098$0$426,854
54$588,005$7,394$0$414,224
55$591,661$0$0$402,641
56$593,917$0$0$401,756
57$594,572$0$0$401,679
58$593,407$0$0$400,301
59$590,176$0$0$397,448
60$584,607$0$0$392,929
61$576,398$0$0$386,528
62$565,215$0$0$378,011
63$550,687$0$0$367,115
64$532,403$0$0$353,550
65$509,909$0$0$336,995
66$482,702$0$0$317,093
67$450,224$0$0$293,452
68$411,860$0$0$265,635
69$366,927$0$0$233,163
70$314,673$0$0$195,501
71$254,263$0$0$152,063
72$184,778$0$0$102,198
73$105,199$0$0$45,187
74$14,404$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0