Can I retire at age 40 with 468,000?

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 $468,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$38,647$38,303$37,967$37,639$37,319$36,792
2 years$19,132$18,776$18,431$18,096$17,771$17,241
3 years$12,628$12,270$11,926$11,594$11,275$10,758
4 years$9,377$9,020$8,679$8,353$8,041$7,542
5 years$7,426$7,072$6,735$6,416$6,113$5,633
6 years$6,127$5,775$5,443$5,131$4,837$4,376
7 years$5,198$4,849$4,523$4,218$3,934$3,493
8 years$4,503$4,157$3,836$3,539$3,263$2,842
9 years$3,962$3,619$3,304$3,014$2,748$2,346
10 years$3,529$3,190$2,880$2,598$2,342$1,959
11 years$3,176$2,840$2,536$2,261$2,014$1,650
12 years$2,882$2,549$2,251$1,983$1,745$1,400
13 years$2,633$2,304$2,011$1,751$1,522$1,194
14 years$2,419$2,094$1,807$1,554$1,334$1,024
15 years$2,235$1,913$1,631$1,386$1,175$881
16 years$2,073$1,755$1,479$1,241$1,038$761
17 years$1,931$1,616$1,346$1,115$920$659
18 years$1,805$1,494$1,228$1,005$818$572
19 years$1,692$1,384$1,125$908$729$498
20 years$1,591$1,286$1,032$822$652$434
21 years$1,499$1,198$949$746$583$379
22 years$1,416$1,118$875$679$523$331
23 years$1,340$1,046$808$618$469$289
24 years$1,270$980$747$564$422$253
25 years$1,207$920$692$515$379$222
26 years$1,148$864$642$471$342$195
27 years$1,093$813$596$431$308$171
28 years$1,043$767$554$395$278$150
29 years$996$723$516$362$251$132
30 years$953$683$480$332$227$116
31 years$912$646$448$305$205$102
32 years$874$611$418$280$186$90
33 years$838$579$390$258$168$79
34 years$805$548$364$237$152$70
35 years$773$520$341$218$138$61
36 years$743$494$319$201$125$54
37 years$715$469$298$185$113$47
38 years$689$446$279$171$103$42
39 years$664$424$262$158$93$37
40 years$640$403$245$145$84$32
41 years$617$384$230$134$76$29
42 years$596$365$216$124$69$25
43 years$575$348$202$114$63$22
44 years$556$332$190$105$57$20
45 years$538$316$178$97$52$17
46 years$520$302$168$90$47$15
47 years$503$288$157$83$43$13
48 years$487$275$148$77$39$12
49 years$472$263$139$71$35$10
50 years$457$251$131$66$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $468,000, adding $2,103 every year, while hoping to spend $27,523 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: 29/46/25 Blend
39$468,000$468,000$468,000$468,000
40$517,905$493,101$485,847$528,853
41$541,447$487,979$472,839$532,446
42$566,468$481,683$458,472$533,748
43$593,090$474,127$442,673$534,586
44$621,445$465,220$425,363$534,936
45$651,681$454,864$406,460$534,779
46$683,956$442,956$385,880$534,093
47$718,445$429,387$363,534$532,859
48$755,342$414,042$339,327$531,059
49$794,856$396,799$313,164$528,676
50$837,219$377,529$284,942$525,695
51$882,682$356,096$254,555$522,104
52$931,525$332,354$221,892$517,894
53$984,053$306,152$186,838$513,059
54$1,040,600$277,327$149,270$507,595
55$1,101,535$245,709$109,064$501,507
56$1,167,261$211,118$66,087$494,802
57$1,238,222$173,363$20,201$487,495
58$1,314,905$132,243$0$479,607
59$1,397,848$87,545$0$478,841
60$1,487,639$39,045$0$483,815
61$1,584,925$0$0$489,224
62$1,690,420$0$0$502,007
63$1,804,906$0$0$537,390
64$1,929,244$0$0$575,884
65$2,064,382$0$0$617,791
66$2,211,362$0$0$663,442
67$2,371,332$0$0$713,202
68$2,545,552$0$0$767,473
69$2,735,412$0$0$826,699
70$2,942,439$0$0$891,364
71$3,168,315$0$0$962,007
72$3,414,891$0$0$1,039,217
73$3,684,206$0$0$1,123,643
74$3,978,502$0$0$1,216,001
75$4,300,250$0$0$1,317,078
76$4,652,168$0$0$1,427,742
77$5,037,250$0$0$1,548,948
78$5,458,793$0$0$1,681,748
79$5,920,428$0$0$1,827,300
80$6,426,152$0$0$1,986,880
81$6,980,367$0$0$2,161,892
82$7,587,923$0$0$2,353,884
83$8,254,160$0$0$2,564,562
84$8,984,959$0$0$2,795,802
85$9,786,800$0$0$3,049,672
86$10,666,817$0$0$3,328,451
87$11,632,872$0$0$3,634,649
88$12,693,623$0$0$3,971,030
89$13,858,608$0$0$4,340,639
90$15,138,333$0$0$4,746,833
91$16,544,374$0$0$5,193,306
92$18,089,483$0$0$5,684,133
93$19,787,706$0$0$6,223,798
94$21,654,520$0$0$6,817,246
95$23,706,976$0$0$7,469,922
96$25,963,859$0$0$8,187,827
97$28,445,865$0$0$8,977,571
98$31,175,797$0$0$9,846,438
99$34,178,779$0$0$10,802,454
100$37,482,491$0$0$11,854,462