Can I retire at age 40 with 323,000?

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 $323,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$26,673$26,435$26,204$25,977$25,756$24,813
2 years$13,204$12,959$12,720$12,489$12,265$11,325
3 years$8,716$8,469$8,231$8,002$7,781$6,874
4 years$6,472$6,225$5,990$5,765$5,550$4,683
5 years$5,125$4,881$4,648$4,428$4,219$3,394
6 years$4,228$3,985$3,757$3,541$3,338$2,556
7 years$3,588$3,347$3,122$2,911$2,715$1,975
8 years$3,108$2,869$2,648$2,442$2,252$1,555
9 years$2,734$2,498$2,280$2,080$1,897$1,240
10 years$2,436$2,202$1,988$1,793$1,616$999
11 years$2,192$1,960$1,750$1,561$1,390$812
12 years$1,989$1,759$1,553$1,369$1,204$663
13 years$1,817$1,590$1,388$1,209$1,050$545
14 years$1,670$1,445$1,247$1,073$921$449
15 years$1,542$1,320$1,126$957$811$371
16 years$1,431$1,211$1,021$857$716$308
17 years$1,333$1,116$929$770$635$256
18 years$1,246$1,031$848$694$565$213
19 years$1,168$955$776$627$503$178
20 years$1,098$888$712$568$450$148
21 years$1,035$827$655$515$402$124
22 years$977$772$604$468$361$104
23 years$925$722$558$427$324$87
24 years$877$676$516$389$291$73
25 years$833$635$478$355$262$61
26 years$792$597$443$325$236$51
27 years$755$561$411$297$213$43
28 years$720$529$382$272$192$36
29 years$688$499$356$250$173$30
30 years$657$471$331$229$157$25
31 years$629$446$309$211$142$21
32 years$603$422$288$194$128$18
33 years$578$399$269$178$116$15
34 years$555$378$252$164$105$12
35 years$534$359$235$151$95$10
36 years$513$341$220$139$86$9
37 years$494$324$206$128$78$7
38 years$475$307$193$118$71$6
39 years$458$292$181$109$64$5
40 years$442$278$169$100$58$4
41 years$426$265$159$93$53$4
42 years$411$252$149$85$48$3
43 years$397$240$140$79$43$3
44 years$384$229$131$73$39$2
45 years$371$218$123$67$36$2
46 years$359$208$116$62$33$2
47 years$347$199$109$57$30$1
48 years$336$190$102$53$27$1
49 years$326$181$96$49$24$1
50 years$315$173$90$45$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $323,000, adding $5,732 every year, while hoping to spend $20,946 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: 55/32/13 Blend
39$323,000$323,000$323,000$323,000
40$361,859$344,740$339,733$380,239
41$376,482$339,345$328,828$387,973
42$391,894$332,985$316,855$393,625
43$408,155$325,589$303,757$399,293
44$425,328$317,083$289,474$404,984
45$443,481$307,390$273,941$410,705
46$462,691$296,428$257,093$416,465
47$483,041$284,108$238,861$422,277
48$504,622$270,339$219,173$428,154
49$527,531$255,024$197,953$434,113
50$551,877$238,058$175,123$440,175
51$577,778$219,332$150,599$446,364
52$605,364$198,732$124,297$452,708
53$634,776$176,135$96,126$459,240
54$666,170$151,413$65,993$465,998
55$699,716$124,428$33,800$473,026
56$735,599$95,037$0$480,376
57$774,024$63,088$0$488,182
58$815,216$28,421$0$501,445
59$859,420$0$0$515,561
60$906,906$0$0$533,851
61$957,970$0$0$564,302
62$1,012,937$0$0$597,104
63$1,072,165$0$0$632,471
64$1,136,044$0$0$670,641
65$1,205,007$0$0$711,875
66$1,279,526$0$0$756,459
67$1,360,121$0$0$804,708
68$1,447,365$0$0$856,967
69$1,541,887$0$0$913,617
70$1,644,376$0$0$975,077
71$1,755,593$0$0$1,041,806
72$1,876,375$0$0$1,114,311
73$2,007,640$0$0$1,193,147
74$2,150,400$0$0$1,278,928
75$2,305,769$0$0$1,372,328
76$2,474,970$0$0$1,474,087
77$2,659,350$0$0$1,585,021
78$2,860,394$0$0$1,706,029
79$3,079,732$0$0$1,838,098
80$3,319,161$0$0$1,982,318
81$3,580,659$0$0$2,139,885
82$3,866,403$0$0$2,312,118
83$4,178,788$0$0$2,500,469
84$4,520,455$0$0$2,706,535
85$4,894,307$0$0$2,932,078
86$5,303,544$0$0$3,179,034
87$5,751,690$0$0$3,449,539
88$6,242,622$0$0$3,745,941
89$6,780,614$0$0$4,070,830
90$7,370,370$0$0$4,427,056
91$8,017,072$0$0$4,817,758
92$8,726,428$0$0$5,246,395
93$9,504,724$0$0$5,716,775
94$10,358,885$0$0$6,233,095
95$11,296,537$0$0$6,799,975
96$12,326,083$0$0$7,422,507
97$13,456,778$0$0$8,106,299
98$14,698,817$0$0$8,857,528
99$16,063,431$0$0$9,683,001
100$17,562,994$0$0$10,590,215