Can I retire at age 40 with 462,000?

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 $462,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$38,152$37,812$37,480$37,157$36,841$35,676
2 years$18,887$18,535$18,194$17,864$17,543$16,380
3 years$12,466$12,113$11,773$11,445$11,130$10,005
4 years$9,256$8,904$8,568$8,246$7,938$6,860
5 years$7,331$6,981$6,649$6,334$6,034$5,006
6 years$6,048$5,701$5,373$5,065$4,775$3,797
7 years$5,132$4,787$4,465$4,164$3,883$2,957
8 years$4,445$4,104$3,787$3,493$3,221$2,345
9 years$3,911$3,573$3,262$2,975$2,713$1,885
10 years$3,484$3,149$2,844$2,565$2,312$1,532
11 years$3,135$2,804$2,503$2,232$1,988$1,255
12 years$2,845$2,516$2,222$1,958$1,723$1,034
13 years$2,599$2,274$1,985$1,729$1,502$857
14 years$2,388$2,067$1,783$1,534$1,317$713
15 years$2,206$1,888$1,610$1,368$1,160$595
16 years$2,047$1,733$1,460$1,225$1,025$498
17 years$1,906$1,596$1,328$1,101$909$418
18 years$1,782$1,474$1,213$992$808$351
19 years$1,670$1,366$1,110$896$720$296
20 years$1,570$1,270$1,019$812$643$249
21 years$1,480$1,183$937$737$576$210
22 years$1,398$1,104$864$670$516$178
23 years$1,323$1,033$798$610$463$150
24 years$1,254$967$738$557$416$127
25 years$1,191$908$683$508$375$108
26 years$1,133$853$634$465$337$91
27 years$1,079$803$588$425$304$77
28 years$1,030$757$547$390$274$65
29 years$983$714$509$357$248$55
30 years$940$674$474$328$224$47
31 years$900$637$442$301$202$40
32 years$863$603$412$277$183$34
33 years$827$571$385$255$166$29
34 years$794$541$360$234$150$24
35 years$763$513$336$216$136$21
36 years$734$487$315$199$123$17
37 years$706$463$294$183$112$15
38 years$680$440$276$169$101$13
39 years$655$418$258$156$92$11
40 years$632$398$242$143$83$9
41 years$609$379$227$132$76$8
42 years$588$361$213$122$69$7
43 years$568$344$200$113$62$6
44 years$549$328$188$104$56$5
45 years$531$312$176$96$51$4
46 years$513$298$165$89$47$3
47 years$497$284$155$82$42$3
48 years$481$272$146$76$38$2
49 years$466$259$137$70$35$2
50 years$451$248$129$65$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $462,000, adding $3,743 every year, while hoping to spend $20,117 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: 53/23/24 Blend
39$462,000$462,000$462,000$462,000
40$512,985$488,499$481,338$536,582
41$543,905$491,031$476,058$555,796
42$577,305$493,013$469,928$574,311
43$613,416$494,397$462,896$594,042
44$652,493$495,131$454,912$615,115
45$694,816$495,161$445,920$637,665
46$740,692$494,429$435,864$661,845
47$790,461$492,874$424,683$687,822
48$844,494$490,430$412,316$715,783
49$903,200$487,030$398,697$745,934
50$967,030$482,598$383,757$778,503
51$1,036,480$477,058$367,425$813,744
52$1,112,095$470,327$349,627$851,936
53$1,194,473$462,318$330,285$893,390
54$1,284,276$452,938$309,316$938,448
55$1,382,230$442,090$286,636$987,490
56$1,489,134$429,669$262,155$1,040,936
57$1,605,869$415,566$235,780$1,099,250
58$1,733,403$399,665$207,415$1,162,947
59$1,872,804$381,842$176,957$1,232,594
60$2,025,245$361,967$144,300$1,308,820
61$2,192,020$339,903$109,334$1,392,319
62$2,374,552$315,505$71,942$1,483,859
63$2,574,409$288,617$32,005$1,584,289
64$2,793,318$259,078$0$1,694,548
65$3,033,179$226,716$0$1,818,388
66$3,296,087$191,349$0$1,963,161
67$3,584,347$152,784$0$2,121,962
68$3,900,500$110,820$0$2,296,226
69$4,247,343$65,242$0$2,487,534
70$4,627,957$15,824$0$2,697,632
71$5,045,736$0$0$2,928,443
72$5,504,419$0$0$3,191,626
73$6,008,125$0$0$3,485,087
74$6,561,389$0$0$3,807,470
75$7,169,210$0$0$4,161,693
76$7,837,093$0$0$4,550,972
77$8,571,105$0$0$4,978,848
78$9,377,926$0$0$5,449,224
79$10,264,918$0$0$5,966,397
80$11,240,193$0$0$6,535,105
81$12,312,686$0$0$7,160,565
82$13,492,243$0$0$7,848,527
83$14,789,709$0$0$8,605,325
84$16,217,036$0$0$9,437,938
85$17,787,392$0$0$10,354,056
86$19,515,286$0$0$11,362,152
87$21,416,702$0$0$12,471,561
88$23,509,255$0$0$13,692,569
89$25,812,352$0$0$15,036,511
90$28,347,376$0$0$16,515,875
91$31,137,892$0$0$18,144,422
92$34,209,861$0$0$19,937,314
93$37,591,893$0$0$21,911,259
94$41,315,509$0$0$24,084,668
95$45,415,445$0$0$26,477,825
96$49,929,976$0$0$29,113,085
97$54,901,277$0$0$32,015,079
98$60,375,821$0$0$35,210,949
99$66,404,820$0$0$38,730,603
100$73,044,702$0$0$42,606,998