Can I retire at age 40 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$37,821$37,484$37,156$36,835$36,522$35,799
2 years$18,723$18,375$18,037$17,709$17,391$16,666
3 years$12,358$12,008$11,671$11,346$11,034$10,329
4 years$9,176$8,827$8,493$8,174$7,869$7,190
5 years$7,268$6,921$6,591$6,279$5,982$5,331
6 years$5,996$5,651$5,327$5,021$4,733$4,110
7 years$5,087$4,746$4,427$4,128$3,850$3,255
8 years$4,407$4,068$3,754$3,463$3,194$2,627
9 years$3,877$3,542$3,233$2,950$2,689$2,151
10 years$3,454$3,122$2,819$2,543$2,292$1,780
11 years$3,108$2,779$2,482$2,213$1,971$1,487
12 years$2,820$2,495$2,202$1,941$1,708$1,250
13 years$2,576$2,254$1,968$1,714$1,489$1,056
14 years$2,368$2,049$1,768$1,521$1,306$897
15 years$2,187$1,872$1,596$1,357$1,149$765
16 years$2,029$1,718$1,447$1,215$1,016$654
17 years$1,890$1,582$1,317$1,091$901$561
18 years$1,766$1,462$1,202$984$801$482
19 years$1,656$1,355$1,101$889$714$415
20 years$1,557$1,259$1,010$805$638$358
21 years$1,467$1,173$929$731$571$309
22 years$1,385$1,094$856$664$511$267
23 years$1,311$1,024$791$605$459$231
24 years$1,243$959$731$552$413$200
25 years$1,181$900$677$504$371$174
26 years$1,123$846$628$461$335$151
27 years$1,070$796$583$422$302$131
28 years$1,021$750$542$386$272$113
29 years$975$708$505$354$246$99
30 years$932$668$470$325$222$86
31 years$892$632$438$299$201$74
32 years$855$598$409$274$182$65
33 years$820$566$382$252$164$56
34 years$787$537$357$232$149$49
35 years$757$509$333$214$135$43
36 years$727$483$312$197$122$37
37 years$700$459$292$181$111$32
38 years$674$436$273$167$100$28
39 years$649$415$256$154$91$24
40 years$626$394$240$142$83$21
41 years$604$375$225$131$75$19
42 years$583$358$211$121$68$16
43 years$563$341$198$112$62$14
44 years$544$325$186$103$56$12
45 years$526$310$175$95$51$11
46 years$509$295$164$88$46$9
47 years$492$282$154$81$42$8
48 years$477$269$145$75$38$7
49 years$462$257$136$69$35$6
50 years$447$246$128$64$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $458,000, adding $2,433 every year, while hoping to spend $26,015 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: 66/15/19 Blend
39$458,000$458,000$458,000$458,000
40$507,226$482,952$475,853$538,145
41$531,283$478,937$464,114$555,152
42$556,922$473,853$451,110$570,517
43$584,277$467,620$436,771$586,690
44$613,495$460,155$421,024$603,748
45$644,735$451,367$403,793$621,782
46$678,176$441,161$384,997$640,887
47$714,009$429,437$364,554$661,172
48$752,446$416,088$342,375$682,758
49$793,721$401,002$318,370$705,779
50$838,089$384,060$292,444$730,382
51$885,829$365,134$264,496$756,732
52$937,251$344,092$234,423$785,011
53$992,690$320,792$202,116$815,423
54$1,052,520$295,086$167,462$848,191
55$1,117,147$266,816$130,342$883,564
56$1,187,020$235,814$90,633$921,817
57$1,262,632$201,904$48,205$963,257
58$1,344,524$164,901$2,923$1,008,220
59$1,433,291$124,608$0$1,057,083
60$1,529,590$80,816$0$1,119,463
61$1,634,139$33,307$0$1,187,847
62$1,747,730$0$0$1,262,180
63$1,871,236$0$0$1,346,055
64$2,005,614$0$0$1,443,320
65$2,151,920$0$0$1,549,246
66$2,311,313$0$0$1,664,676
67$2,485,071$0$0$1,790,537
68$2,674,600$0$0$1,927,853
69$2,881,446$0$0$2,077,747
70$3,107,313$0$0$2,241,457
71$3,354,074$0$0$2,420,348
72$3,623,795$0$0$2,615,918
73$3,918,747$0$0$2,829,820
74$4,241,431$0$0$3,063,874
75$4,594,603$0$0$3,320,081
76$4,981,296$0$0$3,600,648
77$5,404,849$0$0$3,908,003
78$5,868,943$0$0$4,244,821
79$6,377,626$0$0$4,614,048
80$6,935,363$0$0$5,018,928
81$7,547,065$0$0$5,463,035
82$8,218,147$0$0$5,950,304
83$8,954,569$0$0$6,485,071
84$9,762,899$0$0$7,072,110
85$10,650,370$0$0$7,716,683
86$11,624,950$0$0$8,424,584
87$12,695,416$0$0$9,202,196
88$13,871,439$0$0$10,056,551
89$15,163,671$0$0$10,995,396
90$16,583,847$0$0$12,027,264
91$18,144,895$0$0$13,161,559
92$19,861,060$0$0$14,408,639
93$21,748,033$0$0$15,779,916
94$23,823,103$0$0$17,287,963
95$26,105,318$0$0$18,946,634
96$28,615,666$0$0$20,771,191
97$31,377,269$0$0$22,778,451
98$34,415,603$0$0$24,986,942
99$37,758,740$0$0$27,417,080
100$41,437,609$0$0$30,091,358