Can I retire at age 40 with 476,000?

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 $476,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$39,308$38,958$38,616$38,282$37,957$37,160
2 years$19,459$19,097$18,746$18,405$18,075$17,276
3 years$12,844$12,480$12,130$11,792$11,467$10,691
4 years$9,537$9,174$8,827$8,496$8,179$7,431
5 years$7,553$7,193$6,850$6,525$6,217$5,501
6 years$6,231$5,873$5,536$5,218$4,919$4,234
7 years$5,287$4,932$4,601$4,290$4,001$3,347
8 years$4,580$4,228$3,902$3,599$3,319$2,697
9 years$4,030$3,681$3,360$3,066$2,795$2,204
10 years$3,590$3,245$2,930$2,643$2,382$1,821
11 years$3,230$2,889$2,579$2,300$2,048$1,518
12 years$2,931$2,593$2,289$2,017$1,775$1,273
13 years$2,678$2,343$2,045$1,781$1,548$1,074
14 years$2,461$2,130$1,838$1,581$1,357$911
15 years$2,273$1,946$1,659$1,410$1,195$775
16 years$2,109$1,785$1,504$1,262$1,056$661
17 years$1,964$1,644$1,369$1,134$936$566
18 years$1,836$1,519$1,249$1,022$832$485
19 years$1,721$1,408$1,144$924$742$417
20 years$1,618$1,308$1,050$837$663$358
21 years$1,525$1,219$966$759$593$309
22 years$1,440$1,138$890$690$532$266
23 years$1,363$1,064$822$629$477$230
24 years$1,292$997$760$573$429$199
25 years$1,227$935$704$524$386$172
26 years$1,167$879$653$479$348$149
27 years$1,112$827$606$438$313$129
28 years$1,061$780$564$402$283$112
29 years$1,013$736$524$368$255$97
30 years$969$695$488$338$231$84
31 years$928$657$455$310$209$73
32 years$889$621$425$285$189$63
33 years$852$588$397$262$171$55
34 years$818$558$371$241$155$47
35 years$786$529$347$222$140$41
36 years$756$502$324$205$127$36
37 years$727$477$303$189$115$31
38 years$700$453$284$174$104$27
39 years$675$431$266$160$95$23
40 years$651$410$250$148$86$20
41 years$628$390$234$136$78$18
42 years$606$372$219$126$71$15
43 years$585$354$206$116$64$13
44 years$566$338$193$107$58$12
45 years$547$322$182$99$53$10
46 years$529$307$170$91$48$9
47 years$512$293$160$85$44$8
48 years$495$280$151$78$40$7
49 years$480$267$141$72$36$6
50 years$465$255$133$67$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $476,000, adding $6,426 every year, while hoping to spend $27,097 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: 33/47/20 Blend
39$476,000$476,000$476,000$476,000
40$531,180$505,952$498,574$545,254
41$556,530$501,913$486,446$552,222
42$583,557$496,768$473,002$556,792
43$612,404$490,433$458,172$561,154
44$643,226$482,822$441,879$565,304
45$676,197$473,842$424,043$569,242
46$711,501$463,393$404,581$572,972
47$749,347$451,371$383,407$576,499
48$789,959$437,667$360,429$579,831
49$833,585$422,163$335,554$582,982
50$880,497$404,735$308,681$585,968
51$930,993$385,252$279,707$588,813
52$985,401$363,577$248,525$591,546
53$1,044,082$339,562$215,020$594,201
54$1,107,430$313,053$179,075$596,822
55$1,175,881$283,885$140,567$599,461
56$1,249,912$251,887$99,367$602,180
57$1,330,048$216,874$55,341$605,051
58$1,416,866$178,654$8,348$608,161
59$1,511,001$137,022$0$611,609
60$1,613,150$91,764$0$624,432
61$1,724,081$42,650$0$640,325
62$1,844,639$0$0$657,691
63$1,975,752$0$0$682,205
64$2,118,441$0$0$732,952
65$2,273,832$0$0$788,282
66$2,443,160$0$0$848,643
67$2,627,789$0$0$914,530
68$2,829,215$0$0$986,487
69$3,049,088$0$0$1,065,111
70$3,289,224$0$0$1,151,061
71$3,551,622$0$0$1,245,064
72$3,838,481$0$0$1,347,918
73$4,152,225$0$0$1,460,503
74$4,495,520$0$0$1,583,787
75$4,871,305$0$0$1,718,836
76$5,282,812$0$0$1,866,826
77$5,733,605$0$0$2,029,050
78$6,227,604$0$0$2,206,933
79$6,769,130$0$0$2,402,044
80$7,362,941$0$0$2,616,111
81$8,014,276$0$0$2,851,038
82$8,728,907$0$0$3,108,923
83$9,513,192$0$0$3,392,075
84$10,374,133$0$0$3,703,038
85$11,319,443$0$0$4,044,617
86$12,357,620$0$0$4,419,898
87$13,498,025$0$0$4,832,285
88$14,750,968$0$0$5,285,523
89$16,127,811$0$0$5,783,743
90$17,641,067$0$0$6,331,493
91$19,304,524$0$0$6,933,784
92$21,133,371$0$0$7,596,138
93$23,144,345$0$0$8,324,638
94$25,355,882$0$0$9,125,987
95$27,788,296$0$0$10,007,568
96$30,463,969$0$0$10,977,519
97$33,407,560$0$0$12,044,803
98$36,646,241$0$0$13,219,300
99$40,209,947$0$0$14,511,892
100$44,131,663$0$0$15,934,571