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%17.6%
1 years$37,821$37,484$37,156$36,835$36,522$35,395
2 years$18,723$18,375$18,037$17,709$17,391$16,266
3 years$12,358$12,008$11,671$11,346$11,034$9,945
4 years$9,176$8,827$8,493$8,174$7,869$6,826
5 years$7,268$6,921$6,591$6,279$5,982$4,987
6 years$5,996$5,651$5,327$5,021$4,733$3,787
7 years$5,087$4,746$4,427$4,128$3,850$2,951
8 years$4,407$4,068$3,754$3,463$3,194$2,344
9 years$3,877$3,542$3,233$2,950$2,689$1,887
10 years$3,454$3,122$2,819$2,543$2,292$1,535
11 years$3,108$2,779$2,482$2,213$1,971$1,259
12 years$2,820$2,495$2,202$1,941$1,708$1,039
13 years$2,576$2,254$1,968$1,714$1,489$862
14 years$2,368$2,049$1,768$1,521$1,306$718
15 years$2,187$1,872$1,596$1,357$1,149$600
16 years$2,029$1,718$1,447$1,215$1,016$503
17 years$1,890$1,582$1,317$1,091$901$423
18 years$1,766$1,462$1,202$984$801$356
19 years$1,656$1,355$1,101$889$714$300
20 years$1,557$1,259$1,010$805$638$253
21 years$1,467$1,173$929$731$571$214
22 years$1,385$1,094$856$664$511$181
23 years$1,311$1,024$791$605$459$153
24 years$1,243$959$731$552$413$130
25 years$1,181$900$677$504$371$110
26 years$1,123$846$628$461$335$93
27 years$1,070$796$583$422$302$79
28 years$1,021$750$542$386$272$67
29 years$975$708$505$354$246$57
30 years$932$668$470$325$222$48
31 years$892$632$438$299$201$41
32 years$855$598$409$274$182$35
33 years$820$566$382$252$164$30
34 years$787$537$357$232$149$25
35 years$757$509$333$214$135$21
36 years$727$483$312$197$122$18
37 years$700$459$292$181$111$16
38 years$674$436$273$167$100$13
39 years$649$415$256$154$91$11
40 years$626$394$240$142$83$10
41 years$604$375$225$131$75$8
42 years$583$358$211$121$68$7
43 years$563$341$198$112$62$6
44 years$544$325$186$103$56$5
45 years$526$310$175$95$51$4
46 years$509$295$164$88$46$4
47 years$492$282$154$81$42$3
48 years$477$269$145$75$38$3
49 years$462$257$136$69$35$2
50 years$447$246$128$64$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $458,000, adding $3,827 every year, while hoping to spend $32,196 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: 62/26/12 Blend
39$458,000$458,000$458,000$458,000
40$508,664$484,390$477,291$538,529
41$526,291$473,868$459,023$548,494
42$544,637$461,753$439,065$555,336
43$563,742$447,930$417,326$562,012
44$583,647$432,282$393,710$568,507
45$604,398$414,683$368,118$574,806
46$626,044$395,000$340,447$580,893
47$648,638$373,092$310,590$586,753
48$672,237$348,812$278,432$592,370
49$696,902$322,000$243,857$597,729
50$722,700$292,493$206,740$602,815
51$749,703$260,112$166,953$607,613
52$777,989$224,674$124,362$612,109
53$807,642$185,981$78,827$616,290
54$838,754$143,827$30,200$620,145
55$871,425$97,992$0$623,662
56$905,763$48,246$0$629,611
57$941,884$0$0$639,513
58$979,918$0$0$651,135
59$1,020,002$0$0$677,943
60$1,062,290$0$0$706,238
61$1,106,946$0$0$736,133
62$1,154,150$0$0$767,749
63$1,204,099$0$0$801,220
64$1,257,008$0$0$836,694
65$1,313,112$0$0$874,329
66$1,372,667$0$0$914,299
67$1,435,953$0$0$956,797
68$1,503,278$0$0$1,002,030
69$1,574,976$0$0$1,050,228
70$1,651,417$0$0$1,101,641
71$1,733,002$0$0$1,156,543
72$1,820,173$0$0$1,215,235
73$1,913,413$0$0$1,278,046
74$2,013,252$0$0$1,345,338
75$2,120,271$0$0$1,417,507
76$2,235,110$0$0$1,494,988
77$2,358,467$0$0$1,578,258
78$2,491,110$0$0$1,667,841
79$2,633,884$0$0$1,764,313
80$2,787,714$0$0$1,868,305
81$2,953,618$0$0$1,980,512
82$3,132,713$0$0$2,101,695
83$3,326,227$0$0$2,232,692
84$3,535,510$0$0$2,374,425
85$3,762,045$0$0$2,527,906
86$4,007,463$0$0$2,694,248
87$4,273,556$0$0$2,874,673
88$4,562,298$0$0$3,070,529
89$4,875,855$0$0$3,283,296
90$5,216,613$0$0$3,514,601
91$5,587,197$0$0$3,766,236
92$5,990,493$0$0$4,040,172
93$6,429,676$0$0$4,338,578
94$6,908,244$0$0$4,663,840
95$7,430,041$0$0$5,018,584
96$7,999,303$0$0$5,405,702
97$8,620,688$0$0$5,828,375
98$9,299,326$0$0$6,290,107
99$10,040,864$0$0$6,794,753
100$10,851,519$0$0$7,346,559