Can I retire at age 40 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$38,812$38,466$38,129$37,800$37,478$37,087
2 years$19,214$18,856$18,509$18,173$17,847$17,453
3 years$12,682$12,323$11,977$11,644$11,323$10,938
4 years$9,417$9,058$8,716$8,389$8,076$7,703
5 years$7,458$7,102$6,764$6,443$6,139$5,780
6 years$6,153$5,799$5,466$5,153$4,857$4,513
7 years$5,221$4,870$4,543$4,236$3,950$3,620
8 years$4,522$4,175$3,852$3,554$3,277$2,961
9 years$3,979$3,635$3,318$3,027$2,760$2,457
10 years$3,545$3,204$2,893$2,609$2,352$2,063
11 years$3,190$2,852$2,547$2,271$2,022$1,747
12 years$2,894$2,560$2,260$1,992$1,753$1,491
13 years$2,644$2,314$2,019$1,759$1,528$1,279
14 years$2,430$2,103$1,814$1,561$1,340$1,103
15 years$2,244$1,921$1,638$1,392$1,180$956
16 years$2,082$1,763$1,485$1,247$1,043$830
17 years$1,939$1,623$1,351$1,120$924$724
18 years$1,813$1,500$1,234$1,009$822$632
19 years$1,699$1,390$1,129$912$733$554
20 years$1,597$1,292$1,037$826$654$486
21 years$1,505$1,203$953$750$586$427
22 years$1,422$1,123$879$682$525$375
23 years$1,346$1,050$811$621$471$331
24 years$1,276$984$750$566$423$292
25 years$1,212$924$695$517$381$258
26 years$1,153$868$645$473$343$227
27 years$1,098$817$599$433$309$201
28 years$1,048$770$556$396$279$178
29 years$1,001$726$518$364$252$157
30 years$957$686$482$334$228$139
31 years$916$648$450$306$206$124
32 years$878$613$420$282$186$109
33 years$842$581$392$259$169$97
34 years$808$551$366$238$153$86
35 years$776$522$342$219$138$76
36 years$746$496$320$202$125$68
37 years$718$471$300$186$114$60
38 years$692$447$281$172$103$53
39 years$666$425$263$158$93$47
40 years$643$405$246$146$85$42
41 years$620$385$231$135$77$37
42 years$598$367$217$124$70$33
43 years$578$350$203$115$63$29
44 years$558$333$191$106$57$26
45 years$540$318$179$98$52$23
46 years$522$303$168$90$47$21
47 years$505$289$158$83$43$18
48 years$489$276$149$77$39$16
49 years$474$264$140$71$35$14
50 years$459$252$131$66$32$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $470,000, adding $5,642 every year, while hoping to spend $33,200 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: 56/27/17 Blend
39$470,000$470,000$470,000$470,000
40$523,760$498,850$491,565$550,435
41$541,859$487,969$472,708$558,338
42$560,691$475,442$452,106$562,877
43$580,296$461,154$429,667$567,073
44$600,718$444,981$405,291$570,903
45$622,001$426,795$378,878$574,338
46$644,195$406,458$350,321$577,353
47$667,354$383,825$319,508$579,920
48$691,534$358,743$286,321$582,009
49$716,798$331,050$250,641$583,593
50$743,214$300,573$212,340$584,641
51$770,852$267,132$171,284$585,125
52$799,793$230,535$127,335$585,013
53$830,120$190,579$80,349$584,276
54$861,926$147,052$30,175$582,883
55$895,312$99,726$0$580,805
56$930,384$48,364$0$582,252
57$967,263$0$0$589,071
58$1,006,075$0$0$597,954
59$1,046,961$0$0$622,464
60$1,090,072$0$0$648,324
61$1,135,576$0$0$675,637
62$1,183,651$0$0$704,513
63$1,234,496$0$0$735,074
64$1,288,325$0$0$767,450
65$1,345,375$0$0$801,787
66$1,405,901$0$0$838,242
67$1,470,185$0$0$876,988
68$1,538,533$0$0$918,213
69$1,611,282$0$0$962,123
70$1,688,800$0$0$1,008,946
71$1,771,490$0$0$1,058,928
72$1,859,792$0$0$1,112,341
73$1,954,191$0$0$1,169,482
74$2,055,217$0$0$1,230,678
75$2,163,451$0$0$1,296,285
76$2,279,530$0$0$1,366,697
77$2,404,155$0$0$1,442,345
78$2,538,094$0$0$1,523,700
79$2,682,189$0$0$1,611,281
80$2,837,365$0$0$1,705,659
81$3,004,640$0$0$1,807,460
82$3,185,129$0$0$1,917,370
83$3,380,060$0$0$2,036,146
84$3,590,780$0$0$2,164,619
85$3,818,771$0$0$2,303,700
86$4,065,662$0$0$2,454,394
87$4,333,243$0$0$2,617,803
88$4,623,483$0$0$2,795,142
89$4,938,548$0$0$2,987,744
90$5,280,818$0$0$3,197,078
91$5,652,914$0$0$3,424,759
92$6,057,718$0$0$3,672,562
93$6,498,400$0$0$3,942,444
94$6,978,449$0$0$4,236,555
95$7,501,706$0$0$4,557,263
96$8,072,396$0$0$4,907,173
97$8,695,170$0$0$5,289,154
98$9,375,148$0$0$5,706,362
99$10,117,965$0$0$6,162,273
100$10,929,826$0$0$6,660,715