Can I retire at age 40 with 448,000?

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 $448,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$36,995$36,666$36,344$36,031$35,724$34,960
2 years$18,315$17,973$17,643$17,322$17,011$16,245
3 years$12,088$11,746$11,416$11,099$10,793$10,049
4 years$8,976$8,634$8,308$7,996$7,698$6,981
5 years$7,109$6,770$6,447$6,142$5,852$5,165
6 years$5,865$5,528$5,210$4,912$4,630$3,974
7 years$4,976$4,642$4,330$4,038$3,766$3,140
8 years$4,310$3,979$3,672$3,387$3,124$2,528
9 years$3,793$3,465$3,163$2,885$2,631$2,065
10 years$3,379$3,054$2,757$2,487$2,242$1,705
11 years$3,040$2,719$2,428$2,165$1,928$1,420
12 years$2,758$2,440$2,154$1,899$1,671$1,191
13 years$2,520$2,205$1,925$1,676$1,457$1,004
14 years$2,316$2,004$1,729$1,488$1,277$850
15 years$2,139$1,831$1,561$1,327$1,124$723
16 years$1,985$1,680$1,416$1,188$994$616
17 years$1,849$1,547$1,288$1,068$881$527
18 years$1,728$1,430$1,176$962$783$452
19 years$1,620$1,325$1,077$869$698$388
20 years$1,523$1,231$988$787$624$333
21 years$1,435$1,147$909$715$558$287
22 years$1,355$1,071$838$650$500$247
23 years$1,283$1,001$773$592$449$213
24 years$1,216$938$715$540$404$184
25 years$1,155$880$662$493$363$159
26 years$1,099$827$614$451$327$138
27 years$1,047$779$571$412$295$119
28 years$998$734$530$378$266$103
29 years$954$692$494$347$240$89
30 years$912$654$460$318$217$77
31 years$873$618$429$292$196$67
32 years$836$585$400$268$178$58
33 years$802$554$373$247$161$50
34 years$770$525$349$227$146$44
35 years$740$498$326$209$132$38
36 years$712$473$305$193$119$33
37 years$685$449$286$177$108$28
38 years$659$426$267$164$98$25
39 years$635$406$251$151$89$21
40 years$612$386$235$139$81$19
41 years$591$367$220$128$73$16
42 years$570$350$207$118$66$14
43 years$551$333$194$109$60$12
44 years$532$318$182$101$55$11
45 years$515$303$171$93$50$9
46 years$498$289$160$86$45$8
47 years$482$276$151$80$41$7
48 years$466$263$142$74$37$6
49 years$451$251$133$68$34$5
50 years$437$240$125$63$31$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $448,000, adding $6,120 every year, while hoping to spend $27,601 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: 68/8/24 Blend
39$448,000$448,000$448,000$448,000
40$500,009$476,265$469,321$530,552
41$521,642$470,235$455,676$545,774
42$544,558$462,984$440,649$558,685
43$568,856$454,423$424,164$572,164
44$594,649$444,459$406,142$586,265
45$622,057$432,992$386,502$601,053
46$651,213$419,915$365,157$616,594
47$682,263$405,117$342,016$632,968
48$715,366$388,480$316,986$650,260
49$750,696$369,879$289,967$668,566
50$788,445$349,180$260,859$687,993
51$828,820$326,244$229,552$708,658
52$872,053$300,923$195,935$730,694
53$918,394$273,060$159,890$754,247
54$968,120$242,489$121,296$779,480
55$1,021,533$209,036$80,024$806,574
56$1,078,967$172,516$35,942$835,730
57$1,140,785$132,734$0$867,170
58$1,207,390$89,482$0$903,984
59$1,279,221$42,544$0$953,611
60$1,356,762$0$0$1,007,180
61$1,440,545$0$0$1,065,800
62$1,531,154$0$0$1,133,267
63$1,629,230$0$0$1,206,317
64$1,735,480$0$0$1,285,478
65$1,850,679$0$0$1,371,331
66$1,975,682$0$0$1,464,514
67$2,111,426$0$0$1,565,732
68$2,258,944$0$0$1,675,757
69$2,419,372$0$0$1,795,440
70$2,593,959$0$0$1,925,715
71$2,784,080$0$0$2,067,615
72$2,991,247$0$0$2,222,270
73$3,217,126$0$0$2,390,928
74$3,463,550$0$0$2,574,962
75$3,732,534$0$0$2,775,883
76$4,026,299$0$0$2,995,353
77$4,347,289$0$0$3,235,204
78$4,698,195$0$0$3,497,450
79$5,081,978$0$0$3,784,312
80$5,501,902$0$0$4,098,233
81$5,961,557$0$0$4,441,903
82$6,464,899$0$0$4,818,285
83$7,016,282$0$0$5,230,642
84$7,620,503$0$0$5,682,569
85$8,282,844$0$0$6,178,021
86$9,009,123$0$0$6,721,358
87$9,805,747$0$0$7,317,380
88$10,679,775$0$0$7,971,376
89$11,638,979$0$0$8,689,169
90$12,691,923$0$0$9,477,175
91$13,848,039$0$0$10,342,463
92$15,117,717$0$0$11,292,816
93$16,512,404$0$0$12,336,810
94$18,044,708$0$0$13,483,895
95$19,728,520$0$0$14,744,476
96$21,579,144$0$0$16,130,022
97$23,613,438$0$0$17,653,164
98$25,849,976$0$0$19,327,820
99$28,309,223$0$0$21,169,323
100$31,013,723$0$0$23,194,566