Can I retire at age 40 with 434,000?

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 $434,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$35,839$35,520$35,209$34,905$34,608$33,854
2 years$17,742$17,412$17,092$16,781$16,480$15,724
3 years$11,711$11,379$11,059$10,752$10,456$9,721
4 years$8,695$8,365$8,048$7,746$7,457$6,750
5 years$6,887$6,558$6,246$5,950$5,669$4,991
6 years$5,681$5,355$5,048$4,758$4,485$3,838
7 years$4,821$4,497$4,195$3,912$3,648$3,031
8 years$4,176$3,855$3,557$3,282$3,026$2,439
9 years$3,674$3,356$3,064$2,795$2,549$1,991
10 years$3,273$2,959$2,671$2,409$2,171$1,643
11 years$2,945$2,634$2,352$2,097$1,868$1,368
12 years$2,672$2,364$2,087$1,839$1,618$1,146
13 years$2,441$2,136$1,865$1,624$1,411$965
14 years$2,244$1,942$1,675$1,441$1,237$817
15 years$2,072$1,774$1,513$1,286$1,089$694
16 years$1,923$1,628$1,371$1,151$963$592
17 years$1,791$1,499$1,248$1,034$854$505
18 years$1,674$1,385$1,139$932$759$433
19 years$1,569$1,284$1,043$842$676$371
20 years$1,475$1,193$957$763$604$319
21 years$1,390$1,111$880$692$541$274
22 years$1,313$1,037$811$629$485$236
23 years$1,242$970$749$573$435$204
24 years$1,178$909$693$523$391$176
25 years$1,119$853$642$477$352$152
26 years$1,064$802$595$437$317$131
27 years$1,014$754$553$400$286$113
28 years$967$711$514$366$258$98
29 years$924$671$478$336$233$85
30 years$883$633$445$308$210$73
31 years$846$599$415$283$190$64
32 years$810$566$387$260$172$55
33 years$777$536$362$239$156$48
34 years$746$508$338$220$141$41
35 years$717$482$316$203$128$36
36 years$689$458$296$187$116$31
37 years$663$435$277$172$105$27
38 years$639$413$259$158$95$23
39 years$615$393$243$146$86$20
40 years$593$374$228$135$78$17
41 years$572$356$213$124$71$15
42 years$553$339$200$115$64$13
43 years$534$323$188$106$58$11
44 years$516$308$176$98$53$10
45 years$499$293$165$90$48$9
46 years$482$280$155$83$44$7
47 years$467$267$146$77$40$6
48 years$452$255$137$71$36$6
49 years$437$244$129$66$33$5
50 years$424$233$121$61$30$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $434,000, adding $4,376 every year, while hoping to spend $24,195 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: 30/47/23 Blend
39$434,000$434,000$434,000$434,000
40$482,782$459,780$453,053$493,709
41$506,282$456,566$442,487$499,238
42$531,369$452,383$430,756$502,731
43$558,178$447,159$417,796$505,989
44$586,859$440,817$403,538$509,007
45$617,575$433,273$387,913$511,783
46$650,506$424,442$370,847$514,316
47$685,849$414,231$352,262$516,607
48$723,820$402,544$332,078$518,659
49$764,657$389,276$310,209$520,482
50$808,620$374,318$286,569$522,086
51$855,996$357,556$261,066$523,488
52$907,098$338,866$233,601$524,707
53$962,271$318,120$204,077$525,771
54$1,021,896$295,181$172,386$526,712
55$1,086,389$269,905$138,421$527,572
56$1,156,208$242,138$102,066$528,399
57$1,231,858$211,719$63,201$529,253
58$1,313,892$178,477$21,703$530,201
59$1,402,919$142,233$0$531,327
60$1,499,610$102,796$0$538,268
61$1,604,702$59,965$0$551,637
62$1,719,006$13,527$0$566,264
63$1,843,413$0$0$582,335
64$1,978,905$0$0$619,058
65$2,126,562$0$0$666,766
66$2,287,574$0$0$718,854
67$2,463,248$0$0$775,753
68$2,655,024$0$0$837,939
69$2,864,488$0$0$905,933
70$3,093,385$0$0$980,313
71$3,343,636$0$0$1,061,712
72$3,617,357$0$0$1,150,827
73$3,916,876$0$0$1,248,429
74$4,244,759$0$0$1,355,362
75$4,603,829$0$0$1,472,560
76$4,997,196$0$0$1,601,049
77$5,428,286$0$0$1,741,960
78$5,900,870$0$0$1,896,539
79$6,419,103$0$0$2,066,157
80$6,987,561$0$0$2,252,325
81$7,611,284$0$0$2,456,708
82$8,295,822$0$0$2,681,139
83$9,047,291$0$0$2,927,639
84$9,872,427$0$0$3,198,432
85$10,778,649$0$0$3,495,969
86$11,774,132$0$0$3,822,951
87$12,867,880$0$0$4,182,353
88$14,069,813$0$0$4,577,451
89$15,390,860$0$0$5,011,857
90$16,843,060$0$0$5,489,549
91$18,439,678$0$0$6,014,910
92$20,195,328$0$0$6,592,768
93$22,126,111$0$0$7,228,445
94$24,249,765$0$0$7,927,802
95$26,585,836$0$0$8,697,299
96$29,155,858$0$0$9,544,050
97$31,983,558$0$0$10,475,899
98$35,095,078$0$0$11,501,485
99$38,519,222$0$0$12,630,327
100$42,287,730$0$0$13,872,916