Can I retire at age 40 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$35,344$35,029$34,722$34,422$34,129$33,264
2 years$17,497$17,171$16,855$16,549$16,252$15,386
3 years$11,549$11,221$10,906$10,603$10,311$9,471
4 years$8,575$8,249$7,937$7,639$7,354$6,546
5 years$6,792$6,467$6,160$5,867$5,590$4,818
6 years$5,603$5,281$4,978$4,692$4,423$3,687
7 years$4,754$4,435$4,137$3,858$3,597$2,896
8 years$4,118$3,802$3,508$3,236$2,984$2,319
9 years$3,623$3,310$3,022$2,757$2,513$1,883
10 years$3,228$2,918$2,634$2,376$2,141$1,545
11 years$2,904$2,597$2,319$2,068$1,842$1,278
12 years$2,635$2,331$2,058$1,814$1,596$1,065
13 years$2,408$2,107$1,839$1,601$1,392$892
14 years$2,213$1,915$1,652$1,422$1,220$750
15 years$2,044$1,749$1,492$1,268$1,074$633
16 years$1,896$1,605$1,352$1,135$949$536
17 years$1,766$1,478$1,231$1,020$842$455
18 years$1,651$1,366$1,123$919$748$387
19 years$1,547$1,266$1,028$831$667$330
20 years$1,455$1,176$944$752$596$281
21 years$1,371$1,096$868$683$533$241
22 years$1,295$1,023$800$621$478$206
23 years$1,225$957$739$565$429$176
24 years$1,162$896$683$516$386$151
25 years$1,103$841$633$471$347$129
26 years$1,050$791$587$431$313$111
27 years$1,000$744$545$394$282$95
28 years$954$701$507$361$254$82
29 years$911$661$472$331$230$70
30 years$871$625$439$304$207$60
31 years$834$590$409$279$188$52
32 years$799$559$382$256$170$45
33 years$766$529$357$236$154$38
34 years$736$501$333$217$139$33
35 years$707$476$312$200$126$28
36 years$680$451$291$184$114$24
37 years$654$429$273$170$103$21
38 years$630$407$255$156$94$18
39 years$607$387$239$144$85$15
40 years$585$369$224$133$77$13
41 years$565$351$210$123$70$11
42 years$545$334$197$113$63$10
43 years$526$318$185$104$58$8
44 years$509$304$174$96$52$7
45 years$492$289$163$89$47$6
46 years$475$276$153$82$43$5
47 years$460$263$144$76$39$5
48 years$445$252$135$70$36$4
49 years$431$240$127$65$32$3
50 years$418$229$120$60$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $428,000, adding $4,327 every year, while hoping to spend $29,975 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: 41/34/25 Blend
39$428,000$428,000$428,000$428,000
40$476,119$453,435$446,801$491,986
41$492,790$443,760$429,876$494,126
42$510,157$432,607$411,379$493,282
43$528,259$419,871$391,226$491,781
44$547,138$405,441$369,329$489,578
45$566,841$389,202$345,596$486,630
46$587,416$371,030$319,931$482,890
47$608,916$350,795$292,232$478,309
48$631,399$328,357$262,396$472,837
49$654,928$303,572$230,312$466,421
50$679,568$276,286$195,865$459,008
51$705,394$246,334$158,937$450,541
52$732,485$213,544$119,401$440,963
53$760,925$177,734$77,128$430,213
54$790,809$138,713$31,981$418,231
55$822,237$96,275$0$404,951
56$855,320$50,208$0$394,631
57$890,178$283$0$392,268
58$926,941$0$0$389,296
59$965,752$0$0$405,792
60$1,006,766$0$0$423,361
61$1,050,152$0$0$441,971
62$1,096,096$0$0$461,705
63$1,144,799$0$0$482,654
64$1,196,482$0$0$504,916
65$1,251,387$0$0$528,599
66$1,309,777$0$0$553,821
67$1,371,941$0$0$580,712
68$1,438,196$0$0$609,414
69$1,508,888$0$0$640,082
70$1,584,397$0$0$672,886
71$1,665,138$0$0$708,013
72$1,751,567$0$0$745,667
73$1,844,184$0$0$786,072
74$1,943,538$0$0$829,477
75$2,050,230$0$0$876,150
76$2,164,922$0$0$926,389
77$2,288,337$0$0$980,520
78$2,421,272$0$0$1,038,900
79$2,564,601$0$0$1,101,925
80$2,719,285$0$0$1,170,024
81$2,886,380$0$0$1,243,675
82$3,067,045$0$0$1,323,399
83$3,262,554$0$0$1,409,770
84$3,474,310$0$0$1,503,419
85$3,703,853$0$0$1,605,041
86$3,952,876$0$0$1,715,400
87$4,223,244$0$0$1,835,334
88$4,517,005$0$0$1,965,767
89$4,836,414$0$0$2,107,717
90$5,183,950$0$0$2,262,300
91$5,562,344$0$0$2,430,749
92$5,974,597$0$0$2,614,417
93$6,424,014$0$0$2,814,794
94$6,914,232$0$0$3,033,521
95$7,449,254$0$0$3,272,405
96$8,033,485$0$0$3,533,433
97$8,671,778$0$0$3,818,794
98$9,369,470$0$0$4,130,898
99$10,132,442$0$0$4,472,398
100$10,967,167$0$0$4,846,216