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%11.1%
1 years$39,473$39,121$38,778$38,443$38,116$37,940
2 years$19,541$19,177$18,824$18,482$18,151$17,972
3 years$12,898$12,532$12,181$11,842$11,516$11,341
4 years$9,577$9,213$8,864$8,531$8,213$8,044
5 years$7,585$7,223$6,879$6,553$6,243$6,080
6 years$6,257$5,898$5,559$5,240$4,940$4,783
7 years$5,310$4,953$4,620$4,308$4,018$3,866
8 years$4,599$4,246$3,918$3,614$3,333$3,187
9 years$4,047$3,697$3,375$3,079$2,807$2,667
10 years$3,605$3,258$2,942$2,654$2,392$2,258
11 years$3,244$2,901$2,590$2,310$2,057$1,929
12 years$2,943$2,604$2,299$2,026$1,782$1,660
13 years$2,689$2,353$2,054$1,788$1,554$1,438
14 years$2,471$2,139$1,845$1,588$1,363$1,251
15 years$2,283$1,954$1,666$1,416$1,200$1,094
16 years$2,118$1,793$1,510$1,268$1,060$960
17 years$1,972$1,651$1,374$1,139$940$845
18 years$1,843$1,525$1,255$1,027$836$745
19 years$1,728$1,414$1,149$928$745$659
20 years$1,625$1,314$1,054$840$665$584
21 years$1,531$1,224$970$762$596$519
22 years$1,446$1,142$894$693$534$461
23 years$1,368$1,068$825$631$479$411
24 years$1,298$1,001$763$576$431$366
25 years$1,232$939$707$526$388$327
26 years$1,172$883$656$481$349$292
27 years$1,117$831$609$440$315$261
28 years$1,065$783$566$403$284$233
29 years$1,018$739$527$370$256$209
30 years$973$698$491$339$232$187
31 years$931$659$457$312$209$168
32 years$893$624$427$286$190$150
33 years$856$591$398$263$172$135
34 years$822$560$372$242$155$121
35 years$790$531$348$223$141$109
36 years$759$504$326$205$127$97
37 years$731$479$305$189$115$87
38 years$703$455$285$174$105$79
39 years$678$433$267$161$95$71
40 years$654$412$251$148$86$63
41 years$630$392$235$137$78$57
42 years$609$373$220$126$71$51
43 years$588$356$207$117$64$46
44 years$568$339$194$108$58$41
45 years$549$323$182$99$53$37
46 years$531$308$171$92$48$33
47 years$514$294$161$85$44$30
48 years$497$281$151$78$40$27
49 years$482$268$142$72$36$24
50 years$467$256$134$67$33$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $478,000, adding $2,214 every year, while hoping to spend $30,746 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: 52/23/25 Blend
39$478,000$478,000$478,000$478,000
40$529,040$503,706$496,297$552,755
41$550,288$495,674$480,209$561,380
42$572,674$486,218$462,552$567,439
43$596,280$475,236$443,241$573,404
44$621,197$462,619$422,186$579,279
45$647,524$448,253$399,295$585,067
46$675,371$432,016$374,470$590,778
47$704,855$413,781$347,611$596,421
48$736,104$393,411$318,611$602,011
49$769,261$370,762$287,358$607,565
50$804,480$345,683$253,738$613,105
51$841,928$318,013$217,630$618,658
52$881,791$287,582$178,907$624,256
53$924,270$254,210$137,437$629,937
54$969,587$217,708$93,082$635,747
55$1,017,984$177,875$45,700$641,740
56$1,069,728$134,499$0$647,978
57$1,125,108$87,358$0$655,831
58$1,184,444$36,213$0$677,179
59$1,248,086$0$0$699,959
60$1,316,420$0$0$729,183
61$1,389,865$0$0$770,477
62$1,468,886$0$0$814,941
63$1,553,991$0$0$862,865
64$1,645,737$0$0$914,569
65$1,744,739$0$0$970,403
66$1,851,670$0$0$1,030,753
67$1,967,270$0$0$1,096,041
68$2,092,354$0$0$1,166,733
69$2,227,815$0$0$1,243,342
70$2,374,637$0$0$1,326,428
71$2,533,903$0$0$1,416,612
72$2,706,800$0$0$1,514,574
73$2,894,638$0$0$1,621,062
74$3,098,856$0$0$1,736,900
75$3,321,036$0$0$1,862,993
76$3,562,920$0$0$2,000,340
77$3,826,425$0$0$2,150,036
78$4,113,661$0$0$2,313,290
79$4,426,948$0$0$2,491,430
80$4,768,843$0$0$2,685,919
81$5,142,156$0$0$2,898,368
82$5,549,984$0$0$3,130,549
83$5,995,735$0$0$3,384,413
84$6,483,162$0$0$3,662,110
85$7,016,397$0$0$3,966,005
86$7,599,988$0$0$4,298,703
87$8,238,944$0$0$4,663,075
88$8,938,783$0$0$5,062,278
89$9,705,578$0$0$5,499,792
90$10,546,020$0$0$5,979,449
91$11,467,477$0$0$6,505,470
92$12,478,064$0$0$7,082,502
93$13,586,719$0$0$7,715,667
94$14,803,288$0$0$8,410,602
95$16,138,615$0$0$9,173,521
96$17,604,645$0$0$10,011,267
97$19,214,537$0$0$10,931,377
98$20,982,785$0$0$11,942,155
99$22,925,359$0$0$13,052,750
100$25,059,848$0$0$14,273,239