Can I retire at age 40 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$37,656$37,321$36,993$36,674$36,362$34,961
2 years$18,642$18,294$17,958$17,632$17,315$15,920
3 years$12,304$11,956$11,620$11,297$10,986$9,641
4 years$9,136$8,789$8,456$8,139$7,835$6,550
5 years$7,236$6,890$6,562$6,251$5,956$4,735
6 years$5,969$5,627$5,303$4,999$4,713$3,556
7 years$5,065$4,725$4,407$4,110$3,833$2,740
8 years$4,387$4,050$3,738$3,448$3,180$2,150
9 years$3,860$3,527$3,219$2,937$2,678$1,710
10 years$3,439$3,108$2,807$2,532$2,282$1,374
11 years$3,094$2,767$2,471$2,203$1,962$1,112
12 years$2,808$2,484$2,193$1,933$1,700$906
13 years$2,565$2,245$1,959$1,706$1,483$741
14 years$2,357$2,040$1,760$1,515$1,300$609
15 years$2,177$1,864$1,589$1,351$1,144$502
16 years$2,020$1,710$1,441$1,209$1,011$415
17 years$1,882$1,575$1,311$1,087$897$343
18 years$1,759$1,455$1,197$979$797$285
19 years$1,649$1,349$1,096$885$711$236
20 years$1,550$1,253$1,006$801$635$197
21 years$1,460$1,167$925$727$568$164
22 years$1,379$1,090$853$661$509$136
23 years$1,305$1,019$787$602$457$114
24 years$1,238$955$728$549$411$95
25 years$1,176$896$674$502$370$79
26 years$1,118$842$625$459$333$66
27 years$1,065$793$581$420$300$55
28 years$1,016$747$540$385$271$46
29 years$971$705$502$353$245$38
30 years$928$665$468$324$221$32
31 years$889$629$436$297$200$27
32 years$851$595$407$273$181$22
33 years$817$564$380$251$164$19
34 years$784$534$355$231$148$16
35 years$753$507$332$213$134$13
36 years$724$481$311$196$122$11
37 years$697$457$291$181$110$9
38 years$671$434$272$166$100$8
39 years$647$413$255$153$91$6
40 years$623$393$239$142$82$5
41 years$601$374$224$131$75$4
42 years$581$356$210$121$68$4
43 years$561$339$197$111$61$3
44 years$542$323$185$103$56$3
45 years$524$308$174$95$51$2
46 years$507$294$163$88$46$2
47 years$490$281$153$81$42$2
48 years$475$268$144$75$38$1
49 years$460$256$136$69$34$1
50 years$445$244$127$64$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $456,000, adding $4,068 every year, while hoping to spend $24,622 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: 53/29/18 Blend
39$456,000$456,000$456,000$456,000
40$506,708$482,540$475,472$530,882
41$532,195$479,987$465,203$545,339
42$559,456$476,484$453,764$558,128
43$588,646$471,957$441,091$571,506
44$619,936$466,331$427,116$585,535
45$653,512$459,523$411,766$600,286
46$689,578$451,448$394,969$615,839
47$728,359$442,013$376,644$632,282
48$770,102$431,122$356,712$649,715
49$815,078$418,672$335,087$668,249
50$863,583$404,555$311,680$688,009
51$915,945$388,654$286,398$709,132
52$972,522$370,850$259,143$731,774
53$1,033,710$351,012$229,815$756,107
54$1,099,942$329,004$198,307$782,323
55$1,171,694$304,684$164,508$810,636
56$1,249,491$277,898$128,304$841,285
57$1,333,909$248,485$89,572$874,535
58$1,425,583$216,275$48,188$910,681
59$1,525,209$181,089$4,018$950,052
60$1,633,555$142,737$0$993,012
61$1,751,464$101,018$0$1,048,248
62$1,879,866$55,720$0$1,109,291
63$2,019,782$6,620$0$1,175,897
64$2,172,336$0$0$1,248,650
65$2,338,767$0$0$1,343,043
66$2,520,437$0$0$1,448,426
67$2,718,846$0$0$1,563,563
68$2,935,644$0$0$1,689,417
69$3,172,648$0$0$1,827,049
70$3,431,861$0$0$1,977,627
71$3,715,484$0$0$2,142,437
72$4,025,945$0$0$2,322,894
73$4,365,915$0$0$2,520,559
74$4,738,335$0$0$2,737,149
75$5,146,446$0$0$2,974,554
76$5,593,815$0$0$3,234,860
77$6,084,372$0$0$3,520,358
78$6,622,446$0$0$3,833,577
79$7,212,803$0$0$4,177,300
80$7,860,695$0$0$4,554,593
81$8,571,907$0$0$4,968,832
82$9,352,808$0$0$5,423,739
83$10,210,418$0$0$5,923,410
84$11,152,469$0$0$6,472,362
85$12,187,477$0$0$7,075,566
86$13,324,826$0$0$7,738,503
87$14,574,853$0$0$8,467,207
88$15,948,946$0$0$9,268,331
89$17,459,651$0$0$10,149,199
90$19,120,792$0$0$11,117,883
91$20,947,596$0$0$12,183,278
92$22,956,844$0$0$13,355,181
93$25,167,022$0$0$14,644,388
94$27,598,499$0$0$16,062,794
95$30,273,715$0$0$17,623,505
96$33,217,400$0$0$19,340,962
97$36,456,797$0$0$21,231,074
98$40,021,925$0$0$23,311,374
99$43,945,863$0$0$25,601,178
100$48,265,056$0$0$28,121,772