Can I retire at age 40 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$39,473$39,121$38,778$38,443$38,116$37,640
2 years$19,541$19,177$18,824$18,482$18,151$17,671
3 years$12,898$12,532$12,181$11,842$11,516$11,048
4 years$9,577$9,213$8,864$8,531$8,213$7,761
5 years$7,585$7,223$6,879$6,553$6,243$5,808
6 years$6,257$5,898$5,559$5,240$4,940$4,523
7 years$5,310$4,953$4,620$4,308$4,018$3,618
8 years$4,599$4,246$3,918$3,614$3,333$2,950
9 years$4,047$3,697$3,375$3,079$2,807$2,442
10 years$3,605$3,258$2,942$2,654$2,392$2,043
11 years$3,244$2,901$2,590$2,310$2,057$1,725
12 years$2,943$2,604$2,299$2,026$1,782$1,467
13 years$2,689$2,353$2,054$1,788$1,554$1,255
14 years$2,471$2,139$1,845$1,588$1,363$1,079
15 years$2,283$1,954$1,666$1,416$1,200$931
16 years$2,118$1,793$1,510$1,268$1,060$806
17 years$1,972$1,651$1,374$1,139$940$700
18 years$1,843$1,525$1,255$1,027$836$610
19 years$1,728$1,414$1,149$928$745$532
20 years$1,625$1,314$1,054$840$665$465
21 years$1,531$1,224$970$762$596$407
22 years$1,446$1,142$894$693$534$357
23 years$1,368$1,068$825$631$479$313
24 years$1,298$1,001$763$576$431$275
25 years$1,232$939$707$526$388$242
26 years$1,172$883$656$481$349$213
27 years$1,117$831$609$440$315$187
28 years$1,065$783$566$403$284$165
29 years$1,018$739$527$370$256$146
30 years$973$698$491$339$232$128
31 years$931$659$457$312$209$113
32 years$893$624$427$286$190$100
33 years$856$591$398$263$172$88
34 years$822$560$372$242$155$78
35 years$790$531$348$223$141$69
36 years$759$504$326$205$127$61
37 years$731$479$305$189$115$54
38 years$703$455$285$174$105$48
39 years$678$433$267$161$95$42
40 years$654$412$251$148$86$37
41 years$630$392$235$137$78$33
42 years$609$373$220$126$71$29
43 years$588$356$207$117$64$26
44 years$568$339$194$108$58$23
45 years$549$323$182$99$53$20
46 years$531$308$171$92$48$18
47 years$514$294$161$85$44$16
48 years$497$281$151$78$40$14
49 years$482$268$142$72$36$12
50 years$467$256$134$67$33$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $478,000, adding $6,755 every year, while hoping to spend $21,576 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: 64/16/20 Blend
39$478,000$478,000$478,000$478,000
40$533,724$508,390$500,981$564,749
41$565,207$510,344$494,807$588,394
42$599,178$511,671$487,703$611,166
43$635,869$512,317$479,615$635,539
44$675,532$512,226$470,487$661,672
45$718,448$511,336$460,260$689,739
46$764,922$509,584$448,871$719,934
47$815,292$506,902$436,256$752,469
48$869,929$503,217$422,348$787,579
49$929,240$498,453$407,075$825,526
50$993,674$492,529$390,364$866,595
51$1,063,725$485,359$372,137$911,106
52$1,139,935$476,851$352,314$959,409
53$1,222,901$466,910$330,809$1,011,890
54$1,313,280$455,432$307,534$1,068,980
55$1,411,796$442,309$282,398$1,131,149
56$1,519,244$427,427$255,303$1,198,921
57$1,636,500$410,665$226,149$1,272,872
58$1,764,529$391,893$194,831$1,353,638
59$1,904,391$370,976$161,238$1,441,924
60$2,057,256$347,771$125,257$1,538,505
61$2,224,409$322,125$86,766$1,644,238
62$2,407,267$293,877$45,641$1,760,071
63$2,607,390$262,859$1,752$1,887,046
64$2,826,495$228,890$0$2,026,317
65$3,066,472$191,780$0$2,188,779
66$3,329,406$151,331$0$2,367,238
67$3,617,588$107,328$0$2,562,902
68$3,933,545$59,551$0$2,777,516
69$4,280,058$7,761$0$3,013,001
70$4,660,194$0$0$3,271,476
71$5,077,325$0$0$3,563,780
72$5,535,170$0$0$3,886,149
73$6,037,824$0$0$4,240,103
74$6,589,798$0$0$4,628,824
75$7,196,060$0$0$5,055,816
76$7,862,086$0$0$5,524,939
77$8,593,905$0$0$6,040,446
78$9,398,161$0$0$6,607,021
79$10,282,174$0$0$7,229,825
80$11,254,005$0$0$7,914,546
81$12,322,540$0$0$8,667,448
82$13,497,564$0$0$9,495,432
83$14,789,863$0$0$10,406,104
84$16,211,315$0$0$11,407,842
85$17,775,011$0$0$12,509,877
86$19,495,374$0$0$13,722,380
87$21,388,294$0$0$15,056,559
88$23,471,281$0$0$16,524,760
89$25,763,625$0$0$18,140,589
90$28,286,584$0$0$19,919,037
91$31,063,580$0$0$21,876,623
92$34,120,420$0$0$24,031,546
93$37,485,541$0$0$26,403,862
94$41,190,276$0$0$29,015,668
95$45,269,153$0$0$31,891,316
96$49,760,215$0$0$35,057,635
97$54,705,385$0$0$38,544,190
98$60,150,855$0$0$42,383,561
99$66,147,526$0$0$46,611,645
100$72,751,489$0$0$51,268,000