Can I retire at age 40 with 447,000?

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 $447,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$36,913$36,584$36,263$35,950$35,644$35,170
2 years$18,274$17,933$17,604$17,284$16,974$16,496
3 years$12,061$11,720$11,391$11,074$10,769$10,303
4 years$8,956$8,615$8,289$7,978$7,680$7,231
5 years$7,093$6,754$6,433$6,128$5,838$5,406
6 years$5,852$5,515$5,199$4,901$4,620$4,204
7 years$4,965$4,632$4,320$4,029$3,757$3,359
8 years$4,301$3,970$3,664$3,380$3,117$2,737
9 years$3,784$3,457$3,156$2,879$2,625$2,262
10 years$3,371$3,047$2,751$2,482$2,237$1,891
11 years$3,033$2,713$2,422$2,160$1,923$1,595
12 years$2,752$2,435$2,150$1,894$1,667$1,354
13 years$2,514$2,200$1,921$1,672$1,454$1,157
14 years$2,311$2,000$1,726$1,485$1,274$993
15 years$2,135$1,827$1,558$1,324$1,122$856
16 years$1,980$1,676$1,413$1,186$992$740
17 years$1,845$1,544$1,285$1,065$879$642
18 years$1,724$1,427$1,173$960$782$558
19 years$1,616$1,322$1,074$867$697$486
20 years$1,519$1,229$986$786$622$424
21 years$1,432$1,144$907$713$557$371
22 years$1,352$1,068$836$648$499$325
23 years$1,280$999$772$590$448$285
24 years$1,213$936$714$538$403$250
25 years$1,152$878$661$492$362$219
26 years$1,096$826$613$450$326$192
27 years$1,044$777$569$412$294$169
28 years$996$732$529$377$266$149
29 years$952$691$492$346$240$131
30 years$910$652$459$317$217$115
31 years$871$617$428$291$196$102
32 years$835$583$399$268$177$90
33 years$801$553$373$246$160$79
34 years$768$524$348$227$145$70
35 years$738$497$325$209$132$61
36 years$710$471$304$192$119$54
37 years$683$448$285$177$108$48
38 years$658$426$267$163$98$42
39 years$634$405$250$150$89$37
40 years$611$385$234$139$81$33
41 years$590$366$220$128$73$29
42 years$569$349$206$118$66$26
43 years$550$333$193$109$60$23
44 years$531$317$182$101$55$20
45 years$513$302$170$93$50$18
46 years$497$288$160$86$45$16
47 years$481$275$150$79$41$14
48 years$465$263$141$73$37$12
49 years$450$251$133$68$34$11
50 years$436$240$125$63$31$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $447,000, adding $4,398 every year, while hoping to spend $25,183 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: 50/29/21 Blend
39$447,000$447,000$447,000$447,000
40$497,131$473,440$466,511$518,865
41$521,043$469,844$455,345$530,787
42$546,551$465,227$442,960$540,811
43$573,790$459,514$429,290$551,178
44$602,910$452,623$414,264$561,930
45$634,073$444,468$397,808$573,116
46$667,459$434,958$379,846$584,789
47$703,266$423,997$360,296$597,012
48$741,707$411,481$339,075$609,854
49$783,022$397,304$316,094$623,393
50$827,468$381,350$291,261$637,718
51$875,332$363,499$264,481$652,929
52$926,928$343,622$235,653$669,138
53$982,599$321,584$204,672$686,471
54$1,042,724$297,241$171,428$705,068
55$1,107,719$270,443$135,808$725,088
56$1,178,040$241,028$97,691$746,708
57$1,254,189$208,828$56,953$770,126
58$1,336,720$173,664$13,465$795,565
59$1,426,239$135,347$0$823,272
60$1,523,414$93,678$0$860,905
61$1,628,979$48,445$0$905,091
62$1,743,742$0$0$953,186
63$1,868,593$0$0$1,005,792
64$2,004,508$0$0$1,079,932
65$2,152,564$0$0$1,160,738
66$2,313,945$0$0$1,248,861
67$2,489,954$0$0$1,345,019
68$2,682,026$0$0$1,450,002
69$2,891,740$0$0$1,564,678
70$3,120,832$0$0$1,690,005
71$3,371,217$0$0$1,827,036
72$3,645,002$0$0$1,976,930
73$3,944,505$0$0$2,140,965
74$4,272,280$0$0$2,320,547
75$4,631,140$0$0$2,517,224
76$5,024,180$0$0$2,732,702
77$5,454,812$0$0$2,968,857
78$5,926,790$0$0$3,227,760
79$6,444,251$0$0$3,511,687
80$7,011,750$0$0$3,823,148
81$7,634,305$0$0$4,164,905
82$8,317,442$0$0$4,540,003
83$9,067,249$0$0$4,951,795
84$9,890,432$0$0$5,403,975
85$10,794,376$0$0$5,900,610
86$11,787,219$0$0$6,446,183
87$12,877,923$0$0$7,045,631
88$14,076,365$0$0$7,704,394
89$15,393,422$0$0$8,428,465
90$16,841,079$0$0$9,224,444
91$18,432,538$0$0$10,099,606
92$20,182,348$0$0$11,061,964
93$22,106,533$0$0$12,120,347
94$24,222,750$0$0$13,284,482
95$26,550,455$0$0$14,565,087
96$29,111,080$0$0$15,973,968
97$31,928,243$0$0$17,524,138
98$35,027,962$0$0$19,229,932
99$38,438,909$0$0$21,107,143
100$42,192,672$0$0$23,173,177