Can I retire at age 40 with 429,000?

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 $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%14.7%
1 years$35,426$35,111$34,803$34,502$34,209$33,546
2 years$17,538$17,211$16,895$16,588$16,290$15,625
3 years$11,576$11,248$10,932$10,628$10,335$9,688
4 years$8,595$8,268$7,956$7,657$7,371$6,747
5 years$6,807$6,482$6,174$5,881$5,603$5,005
6 years$5,616$5,293$4,989$4,703$4,434$3,861
7 years$4,765$4,445$4,146$3,867$3,606$3,059
8 years$4,128$3,811$3,516$3,244$2,991$2,471
9 years$3,632$3,318$3,029$2,763$2,519$2,024
10 years$3,235$2,924$2,640$2,382$2,146$1,677
11 years$2,911$2,603$2,325$2,073$1,846$1,401
12 years$2,641$2,337$2,063$1,818$1,600$1,178
13 years$2,413$2,112$1,843$1,605$1,395$997
14 years$2,218$1,919$1,656$1,425$1,223$847
15 years$2,049$1,753$1,495$1,271$1,077$723
16 years$1,901$1,609$1,356$1,138$952$618
17 years$1,770$1,482$1,234$1,022$844$531
18 years$1,654$1,369$1,126$921$750$456
19 years$1,551$1,269$1,031$832$669$393
20 years$1,458$1,179$946$754$597$339
21 years$1,374$1,098$870$684$534$293
22 years$1,298$1,025$802$622$479$254
23 years$1,228$959$741$567$430$220
24 years$1,165$898$685$517$387$190
25 years$1,106$843$634$472$348$165
26 years$1,052$792$588$432$313$143
27 years$1,002$746$546$395$282$125
28 years$956$703$508$362$255$108
29 years$913$663$473$332$230$94
30 years$873$626$440$305$208$82
31 years$836$592$410$280$188$71
32 years$801$560$383$257$170$62
33 years$768$530$358$236$154$54
34 years$738$503$334$218$139$47
35 years$709$477$312$200$126$41
36 years$681$452$292$184$114$36
37 years$656$430$273$170$104$31
38 years$631$408$256$157$94$27
39 years$608$388$240$144$85$24
40 years$587$369$225$133$77$21
41 years$566$352$211$123$70$18
42 years$546$335$198$113$64$16
43 years$527$319$186$105$58$14
44 years$510$304$174$97$52$12
45 years$493$290$164$89$48$10
46 years$477$277$154$82$43$9
47 years$461$264$144$76$39$8
48 years$446$252$136$70$36$7
49 years$432$241$128$65$32$6
50 years$419$230$120$60$29$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $429,000, adding $2,191 every year, while hoping to spend $26,468 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: 84/9/7 Blend
39$429,000$429,000$429,000$429,000
40$475,018$452,281$445,632$514,445
41$495,308$446,281$432,398$534,515
42$516,781$439,100$417,835$552,742
43$539,528$430,652$401,869$571,931
44$563,653$420,846$384,423$592,162
45$589,264$409,586$365,420$613,522
46$616,483$396,770$344,776$636,108
47$645,443$382,291$322,405$660,026
48$676,288$366,033$298,215$685,392
49$709,177$347,876$272,113$712,336
50$744,284$327,693$244,000$741,000
51$781,799$305,348$213,772$771,539
52$821,931$280,699$181,322$804,126
53$864,909$253,594$146,537$838,949
54$910,984$223,874$109,300$876,218
55$960,430$191,370$69,487$916,164
56$1,013,551$155,903$26,972$959,039
57$1,070,677$117,287$0$1,005,123
58$1,132,173$75,321$0$1,056,099
59$1,198,439$29,795$0$1,113,172
60$1,269,913$0$0$1,174,711
61$1,347,079$0$0$1,243,072
62$1,430,466$0$0$1,320,139
63$1,520,657$0$0$1,403,501
64$1,618,293$0$0$1,493,750
65$1,724,077$0$0$1,591,538
66$1,838,783$0$0$1,697,580
67$1,963,264$0$0$1,812,666
68$2,098,455$0$0$1,937,662
69$2,245,385$0$0$2,073,521
70$2,405,189$0$0$2,221,291
71$2,579,112$0$0$2,382,125
72$2,768,526$0$0$2,557,295
73$2,974,940$0$0$2,748,196
74$3,200,015$0$0$2,956,365
75$3,445,578$0$0$3,183,495
76$3,713,643$0$0$3,431,448
77$4,006,424$0$0$3,702,275
78$4,326,360$0$0$3,998,231
79$4,676,134$0$0$4,321,802
80$5,058,702$0$0$4,675,724
81$5,477,319$0$0$5,063,008
82$5,935,568$0$0$5,486,972
83$6,437,394$0$0$5,951,267
84$6,987,143$0$0$6,459,916
85$7,589,600$0$0$7,017,348
86$8,250,035$0$0$7,628,442
87$8,974,253$0$0$8,298,570
88$9,768,647$0$0$9,033,650
89$10,640,258$0$0$9,840,200
90$11,596,842$0$0$10,725,399
91$12,646,944$0$0$11,697,155
92$13,799,973$0$0$12,764,180
93$15,066,297$0$0$13,936,071
94$16,457,336$0$0$15,223,397
95$17,985,671$0$0$16,637,805
96$19,665,161$0$0$18,192,123
97$21,511,075$0$0$19,900,486
98$23,540,235$0$0$21,778,464
99$25,771,172$0$0$23,843,211
100$28,224,304$0$0$26,113,628