Can I retire at age 40 with 419,000?

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 $419,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$34,601$34,292$33,992$33,698$33,412$32,394
2 years$17,129$16,810$16,501$16,201$15,910$14,894
3 years$11,306$10,986$10,677$10,380$10,094$9,111
4 years$8,395$8,076$7,770$7,478$7,199$6,256
5 years$6,649$6,331$6,030$5,744$5,473$4,573
6 years$5,485$5,170$4,873$4,594$4,330$3,474
7 years$4,654$4,342$4,050$3,777$3,522$2,710
8 years$4,031$3,722$3,434$3,168$2,922$2,153
9 years$3,547$3,240$2,958$2,699$2,460$1,734
10 years$3,160$2,856$2,579$2,326$2,096$1,412
11 years$2,843$2,543$2,270$2,024$1,803$1,158
12 years$2,580$2,282$2,015$1,776$1,562$957
13 years$2,357$2,062$1,800$1,568$1,362$794
14 years$2,166$1,875$1,617$1,392$1,194$662
15 years$2,001$1,713$1,460$1,241$1,052$554
16 years$1,856$1,571$1,324$1,111$929$465
17 years$1,729$1,447$1,205$998$824$391
18 years$1,616$1,337$1,100$900$733$329
19 years$1,515$1,239$1,007$813$653$278
20 years$1,424$1,152$924$736$583$235
21 years$1,342$1,073$850$668$522$198
22 years$1,267$1,001$783$608$468$168
23 years$1,200$936$723$553$420$142
24 years$1,137$877$669$505$378$121
25 years$1,080$823$620$461$340$102
26 years$1,028$774$575$421$306$87
27 years$979$728$534$386$276$74
28 years$934$686$496$353$249$63
29 years$892$647$462$324$225$53
30 years$853$611$430$297$203$45
31 years$816$578$401$273$184$38
32 years$782$547$374$251$166$33
33 years$750$518$349$231$150$28
34 years$720$491$326$212$136$24
35 years$692$466$305$196$123$20
36 years$665$442$285$180$112$17
37 years$640$420$267$166$101$15
38 years$617$399$250$153$92$12
39 years$594$379$234$141$83$11
40 years$573$361$220$130$75$9
41 years$553$344$206$120$68$8
42 years$533$327$193$111$62$6
43 years$515$312$181$102$56$6
44 years$498$297$170$94$51$5
45 years$481$283$160$87$46$4
46 years$465$270$150$81$42$3
47 years$450$258$141$74$38$3
48 years$436$246$132$69$35$2
49 years$422$235$125$64$32$2
50 years$409$225$117$59$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $419,000, adding $2,335 every year, while hoping to spend $28,132 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: 43/39/18 Blend
39$419,000$419,000$419,000$419,000
40$464,147$441,940$435,445$481,582
41$481,557$433,662$420,100$485,823
42$499,801$424,037$403,298$487,469
43$518,933$412,967$384,961$488,662
44$539,013$400,351$365,007$489,374
45$560,107$386,083$343,349$489,574
46$582,285$370,048$319,898$489,234
47$605,624$352,126$294,560$488,324
48$630,208$332,191$267,238$486,813
49$656,128$310,107$237,830$484,671
50$683,483$285,732$206,227$481,866
51$712,382$258,917$172,320$478,368
52$742,943$229,502$135,991$474,146
53$775,296$197,320$97,118$469,171
54$809,580$162,192$55,576$463,412
55$845,950$123,933$11,231$456,841
56$884,574$82,343$0$449,433
57$925,637$37,214$0$448,093
58$969,339$0$0$448,620
59$1,015,902$0$0$453,873
60$1,065,566$0$0$476,540
61$1,118,596$0$0$500,774
62$1,175,282$0$0$526,713
63$1,235,942$0$0$554,506
64$1,300,923$0$0$584,316
65$1,370,609$0$0$616,325
66$1,445,417$0$0$650,730
67$1,525,809$0$0$687,747
68$1,612,289$0$0$727,615
69$1,705,412$0$0$770,596
70$1,805,786$0$0$816,977
71$1,914,081$0$0$867,075
72$2,031,031$0$0$921,235
73$2,157,443$0$0$979,839
74$2,294,207$0$0$1,043,308
75$2,442,296$0$0$1,112,101
76$2,602,784$0$0$1,186,725
77$2,776,850$0$0$1,267,740
78$2,965,791$0$0$1,355,756
79$3,171,034$0$0$1,451,450
80$3,394,148$0$0$1,555,562
81$3,636,858$0$0$1,668,910
82$3,901,065$0$0$1,792,392
83$4,188,859$0$0$1,926,997
84$4,502,539$0$0$2,073,812
85$4,844,636$0$0$2,234,036
86$5,217,937$0$0$2,408,986
87$5,625,507$0$0$2,600,115
88$6,070,723$0$0$2,809,019
89$6,557,301$0$0$3,037,457
90$7,089,331$0$0$3,287,367
91$7,671,319$0$0$3,560,880
92$8,308,224$0$0$3,860,345
93$9,005,509$0$0$4,188,348
94$9,769,186$0$0$4,547,735
95$10,605,879$0$0$4,941,644
96$11,522,883$0$0$5,373,527
97$12,528,230$0$0$5,847,190
98$13,630,767$0$0$6,366,821
99$14,840,241$0$0$6,937,036
100$16,167,383$0$0$7,562,918