Can I retire at age 40 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$39,886$39,530$39,184$38,845$38,515$38,192
2 years$19,745$19,378$19,021$18,676$18,341$18,015
3 years$13,033$12,664$12,308$11,966$11,636$11,318
4 years$9,677$9,309$8,957$8,621$8,299$7,991
5 years$7,664$7,298$6,951$6,621$6,309$6,012
6 years$6,323$5,960$5,617$5,295$4,992$4,706
7 years$5,365$5,005$4,668$4,354$4,060$3,786
8 years$4,647$4,290$3,959$3,652$3,368$3,105
9 years$4,089$3,735$3,410$3,111$2,836$2,585
10 years$3,643$3,293$2,973$2,681$2,417$2,176
11 years$3,278$2,931$2,617$2,334$2,078$1,849
12 years$2,974$2,631$2,323$2,047$1,801$1,583
13 years$2,717$2,378$2,075$1,807$1,571$1,363
14 years$2,497$2,161$1,865$1,604$1,377$1,179
15 years$2,306$1,974$1,683$1,431$1,212$1,024
16 years$2,140$1,811$1,526$1,281$1,071$893
17 years$1,993$1,668$1,389$1,151$950$781
18 years$1,863$1,541$1,268$1,037$845$685
19 years$1,746$1,429$1,161$937$753$602
20 years$1,642$1,328$1,065$849$672$530
21 years$1,547$1,237$980$770$602$467
22 years$1,461$1,154$903$700$539$413
23 years$1,383$1,080$834$638$484$365
24 years$1,311$1,011$771$582$435$323
25 years$1,245$949$714$531$392$286
26 years$1,185$892$662$486$353$254
27 years$1,128$840$615$445$318$225
28 years$1,077$791$572$407$287$200
29 years$1,028$746$532$374$259$178
30 years$983$705$496$343$234$158
31 years$941$666$462$315$212$141
32 years$902$630$431$289$191$125
33 years$865$597$403$266$173$112
34 years$830$566$376$245$157$99
35 years$798$537$352$225$142$88
36 years$767$509$329$208$129$79
37 years$738$484$308$191$117$70
38 years$711$460$288$176$106$63
39 years$685$437$270$163$96$56
40 years$660$416$253$150$87$50
41 years$637$396$237$138$79$44
42 years$615$377$223$128$72$40
43 years$594$359$209$118$65$35
44 years$574$343$196$109$59$32
45 years$555$327$184$101$54$28
46 years$537$312$173$93$49$25
47 years$519$297$163$86$44$22
48 years$503$284$153$79$40$20
49 years$487$271$144$73$36$18
50 years$472$259$135$68$33$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $483,000, adding $6,518 every year, while hoping to spend $30,791 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: 63/15/22 Blend
39$483,000$483,000$483,000$483,000
40$538,989$513,390$505,904$569,477
41$561,205$505,785$490,090$583,227
42$584,654$496,775$472,715$594,220
43$609,431$486,259$453,693$605,526
44$635,637$474,130$432,936$617,178
45$663,384$460,274$410,351$629,216
46$692,792$444,571$385,841$641,681
47$723,995$426,893$359,304$654,624
48$757,138$407,106$330,636$668,100
49$792,379$385,067$299,725$682,172
50$829,892$360,625$266,456$696,910
51$869,867$333,622$230,709$712,394
52$912,512$303,888$192,356$728,713
53$958,055$271,246$151,267$745,968
54$1,006,747$235,507$107,305$764,271
55$1,058,860$196,472$60,325$783,750
56$1,114,697$153,932$10,178$804,545
57$1,174,585$107,663$0$826,815
58$1,238,887$57,433$0$860,910
59$1,307,999$2,993$0$900,066
60$1,382,357$0$0$942,153
61$1,462,439$0$0$996,688
62$1,548,771$0$0$1,056,038
63$1,641,929$0$0$1,120,108
64$1,742,547$0$0$1,189,340
65$1,851,323$0$0$1,264,214
66$1,969,021$0$0$1,345,263
67$2,096,484$0$0$1,433,071
68$2,234,637$0$0$1,528,278
69$2,384,497$0$0$1,631,591
70$2,547,183$0$0$1,743,785
71$2,723,927$0$0$1,865,716
72$2,916,081$0$0$1,998,321
73$3,125,137$0$0$2,142,635
74$3,352,732$0$0$2,299,794
75$3,600,670$0$0$2,471,049
76$3,870,935$0$0$2,657,778
77$4,165,712$0$0$2,861,495
78$4,487,404$0$0$3,083,869
79$4,838,657$0$0$3,326,737
80$5,222,385$0$0$3,592,118
81$5,641,794$0$0$3,882,239
82$6,100,415$0$0$4,199,550
83$6,602,134$0$0$4,546,749
84$7,151,232$0$0$4,926,805
85$7,752,422$0$0$5,342,990
86$8,410,894$0$0$5,798,906
87$9,132,364$0$0$6,298,519
88$9,923,125$0$0$6,846,199
89$10,790,111$0$0$7,446,758
90$11,740,957$0$0$8,105,493
91$12,784,072$0$0$8,828,244
92$13,928,719$0$0$9,621,439
93$15,185,101$0$0$10,492,161
94$16,564,457$0$0$11,448,209
95$18,079,167$0$0$12,498,180
96$19,742,870$0$0$13,651,538
97$21,570,589$0$0$14,918,713
98$23,578,874$0$0$16,311,193
99$25,785,959$0$0$17,841,635
100$28,211,931$0$0$19,523,984