Can I retire at age 40 with 429,000?

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 $429,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$35,426$35,111$34,803$34,502$34,209$33,740
2 years$17,538$17,211$16,895$16,588$16,290$15,818
3 years$11,576$11,248$10,932$10,628$10,335$9,875
4 years$8,595$8,268$7,956$7,657$7,371$6,926
5 years$6,807$6,482$6,174$5,881$5,603$5,176
6 years$5,616$5,293$4,989$4,703$4,434$4,023
7 years$4,765$4,445$4,146$3,867$3,606$3,213
8 years$4,128$3,811$3,516$3,244$2,991$2,616
9 years$3,632$3,318$3,029$2,763$2,519$2,161
10 years$3,235$2,924$2,640$2,382$2,146$1,805
11 years$2,911$2,603$2,325$2,073$1,846$1,521
12 years$2,641$2,337$2,063$1,818$1,600$1,291
13 years$2,413$2,112$1,843$1,605$1,395$1,103
14 years$2,218$1,919$1,656$1,425$1,223$946
15 years$2,049$1,753$1,495$1,271$1,077$815
16 years$1,901$1,609$1,356$1,138$952$704
17 years$1,770$1,482$1,234$1,022$844$610
18 years$1,654$1,369$1,126$921$750$530
19 years$1,551$1,269$1,031$832$669$461
20 years$1,458$1,179$946$754$597$402
21 years$1,374$1,098$870$684$534$351
22 years$1,298$1,025$802$622$479$307
23 years$1,228$959$741$567$430$269
24 years$1,165$898$685$517$387$236
25 years$1,106$843$634$472$348$207
26 years$1,052$792$588$432$313$182
27 years$1,002$746$546$395$282$160
28 years$956$703$508$362$255$140
29 years$913$663$473$332$230$123
30 years$873$626$440$305$208$109
31 years$836$592$410$280$188$96
32 years$801$560$383$257$170$84
33 years$768$530$358$236$154$74
34 years$738$503$334$218$139$65
35 years$709$477$312$200$126$57
36 years$681$452$292$184$114$51
37 years$656$430$273$170$104$45
38 years$631$408$256$157$94$39
39 years$608$388$240$144$85$35
40 years$587$369$225$133$77$31
41 years$566$352$211$123$70$27
42 years$546$335$198$113$64$24
43 years$527$319$186$105$58$21
44 years$510$304$174$97$52$19
45 years$493$290$164$89$48$16
46 years$477$277$154$82$43$14
47 years$461$264$144$76$39$13
48 years$446$252$136$70$36$11
49 years$432$241$128$65$32$10
50 years$419$230$120$60$29$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $429,000, adding $3,317 every year, while hoping to spend $22,665 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: 21/49/30 Blend
39$429,000$429,000$429,000$429,000
40$476,179$453,442$446,793$481,610
41$500,634$451,546$437,645$484,986
42$526,824$448,797$427,431$486,509
43$554,902$445,129$416,092$487,649
44$585,035$440,473$403,564$488,390
45$617,408$434,756$389,783$488,716
46$652,223$427,899$374,680$488,613
47$689,702$419,818$358,184$488,068
48$730,089$410,427$340,221$487,068
49$773,652$399,631$320,712$485,604
50$820,684$387,333$299,576$483,668
51$871,510$373,428$276,727$481,254
52$926,484$357,806$252,078$478,362
53$985,997$340,350$225,534$474,991
54$1,050,478$320,937$196,999$471,148
55$1,120,399$299,435$166,371$466,844
56$1,196,280$275,708$133,544$462,095
57$1,278,691$249,608$98,408$456,924
58$1,368,260$220,981$60,847$451,361
59$1,465,678$189,665$20,741$445,446
60$1,571,705$155,486$0$439,225
61$1,687,177$118,264$0$439,820
62$1,813,015$77,805$0$447,786
63$1,950,232$33,906$0$456,605
64$2,099,942$0$0$466,426
65$2,263,372$0$0$484,773
66$2,441,873$0$0$524,853
67$2,636,932$0$0$568,726
68$2,850,185$0$0$616,769
69$3,083,435$0$0$669,399
70$3,338,666$0$0$727,073
71$3,618,064$0$0$790,296
72$3,924,034$0$0$859,624
73$4,259,226$0$0$935,667
74$4,626,558$0$0$1,019,100
75$5,029,244$0$0$1,110,665
76$5,470,824$0$0$1,211,179
77$5,955,196$0$0$1,321,544
78$6,486,653$0$0$1,442,750
79$7,069,926$0$0$1,575,892
80$7,710,225$0$0$1,722,173
81$8,413,287$0$0$1,882,919
82$9,185,436$0$0$2,059,590
83$10,033,634$0$0$2,253,798
84$10,965,555$0$0$2,467,315
85$11,989,648$0$0$2,702,096
86$13,115,226$0$0$2,960,292
87$14,352,545$0$0$3,244,275
88$15,712,907$0$0$3,556,658
89$17,208,763$0$0$3,900,321
90$18,853,831$0$0$4,278,435
91$20,663,223$0$0$4,694,496
92$22,653,591$0$0$5,152,355
93$24,843,283$0$0$5,656,254
94$27,252,512$0$0$6,210,869
95$29,903,552$0$0$6,821,351
96$32,820,944$0$0$7,493,378
97$36,031,727$0$0$8,233,203
98$39,565,697$0$0$9,047,719
99$43,455,681$0$0$9,944,519
100$47,737,853$0$0$10,931,971