Can I retire at age 40 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$39,390$39,039$38,697$38,363$38,037$37,686
2 years$19,500$19,137$18,785$18,444$18,113$17,760
3 years$12,871$12,506$12,155$11,817$11,491$11,147
4 years$9,557$9,193$8,846$8,514$8,196$7,862
5 years$7,569$7,208$6,865$6,539$6,230$5,909
6 years$6,244$5,886$5,548$5,229$4,930$4,621
7 years$5,298$4,943$4,610$4,299$4,009$3,712
8 years$4,589$4,237$3,910$3,607$3,326$3,042
9 years$4,038$3,689$3,368$3,072$2,801$2,529
10 years$3,597$3,252$2,936$2,648$2,387$2,127
11 years$3,237$2,895$2,585$2,305$2,053$1,805
12 years$2,937$2,598$2,294$2,022$1,779$1,543
13 years$2,683$2,348$2,049$1,785$1,551$1,327
14 years$2,466$2,134$1,841$1,584$1,360$1,146
15 years$2,278$1,950$1,663$1,413$1,197$995
16 years$2,113$1,789$1,507$1,265$1,058$866
17 years$1,968$1,647$1,372$1,137$938$757
18 years$1,840$1,522$1,252$1,024$834$662
19 years$1,725$1,411$1,146$926$743$581
20 years$1,621$1,311$1,052$838$664$511
21 years$1,528$1,221$968$761$594$450
22 years$1,443$1,140$892$692$533$397
23 years$1,366$1,066$823$630$478$350
24 years$1,295$999$762$575$430$310
25 years$1,230$937$705$525$387$274
26 years$1,170$881$654$480$348$243
27 years$1,114$829$607$439$314$215
28 years$1,063$781$565$402$283$191
29 years$1,015$737$525$369$256$169
30 years$971$696$489$339$231$150
31 years$929$658$456$311$209$133
32 years$891$623$426$286$189$119
33 years$854$590$398$263$171$105
34 years$820$559$371$242$155$94
35 years$788$530$347$223$140$83
36 years$758$503$325$205$127$74
37 years$729$478$304$189$115$66
38 years$702$454$285$174$104$59
39 years$676$432$267$161$95$52
40 years$652$411$250$148$86$46
41 years$629$391$234$137$78$41
42 years$607$372$220$126$71$37
43 years$587$355$206$116$64$33
44 years$567$338$194$107$58$29
45 years$548$323$182$99$53$26
46 years$530$308$171$92$48$23
47 years$513$294$161$85$44$21
48 years$496$280$151$78$40$18
49 years$481$268$142$72$36$16
50 years$466$256$133$67$33$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $477,000, adding $3,919 every year, while hoping to spend $31,148 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: 74/20/6 Blend
39$477,000$477,000$477,000$477,000
40$529,696$504,415$497,022$568,251
41$550,584$495,991$480,531$585,740
42$572,559$486,109$462,444$600,556
43$595,698$474,666$442,673$615,893
44$620,086$461,552$421,130$631,791
45$645,816$446,650$397,720$648,295
46$672,989$429,835$372,343$665,456
47$701,715$410,978$344,897$683,329
48$732,113$389,939$315,274$701,977
49$764,314$366,572$283,362$721,469
50$798,463$340,722$249,043$741,881
51$834,714$312,225$212,194$763,300
52$873,239$280,909$172,687$785,821
53$914,226$246,590$130,388$809,550
54$957,878$209,074$85,157$834,604
55$1,004,421$168,158$36,849$861,115
56$1,054,099$123,625$0$889,229
57$1,107,183$75,248$0$920,048
58$1,163,966$22,786$0$955,391
59$1,224,772$0$0$993,105
60$1,289,956$0$0$1,040,910
61$1,359,907$0$0$1,097,606
62$1,435,052$0$0$1,158,527
63$1,515,860$0$0$1,224,055
64$1,602,844$0$0$1,294,608
65$1,696,570$0$0$1,370,646
66$1,797,659$0$0$1,452,677
67$1,906,792$0$0$1,541,254
68$2,024,719$0$0$1,636,990
69$2,152,262$0$0$1,740,553
70$2,290,326$0$0$1,852,683
71$2,439,908$0$0$1,974,190
72$2,602,099$0$0$2,105,966
73$2,778,103$0$0$2,248,990
74$2,969,244$0$0$2,404,342
75$3,176,976$0$0$2,573,207
76$3,402,900$0$0$2,756,890
77$3,648,777$0$0$2,956,828
78$3,916,545$0$0$3,174,599
79$4,208,336$0$0$3,411,942
80$4,526,498$0$0$3,670,771
81$4,873,613$0$0$3,953,191
82$5,252,525$0$0$4,261,519
83$5,666,362$0$0$4,598,308
84$6,118,570$0$0$4,966,366
85$6,612,942$0$0$5,368,785
86$7,153,653$0$0$5,808,971
87$7,745,302$0$0$6,290,671
88$8,392,952$0$0$6,818,014
89$9,102,177$0$0$7,395,545
90$9,879,117$0$0$8,028,271
91$10,730,533$0$0$8,721,703
92$11,663,872$0$0$9,481,914
93$12,687,334$0$0$10,315,590
94$13,809,952$0$0$11,230,096
95$15,041,676$0$0$12,233,546
96$16,393,463$0$0$13,334,873
97$17,877,385$0$0$14,543,921
98$19,506,738$0$0$15,871,532
99$21,296,170$0$0$17,329,650
100$23,261,816$0$0$18,931,431