Can I retire at age 40 with 328,000?

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 $328,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$27,086$26,845$26,609$26,380$26,155$25,502
2 years$13,409$13,159$12,917$12,682$12,455$11,801
3 years$8,850$8,600$8,358$8,126$7,902$7,268
4 years$6,572$6,322$6,083$5,854$5,636$5,026
5 years$5,205$4,956$4,720$4,497$4,284$3,701
6 years$4,294$4,047$3,815$3,596$3,390$2,834
7 years$3,643$3,399$3,170$2,956$2,757$2,227
8 years$3,156$2,913$2,688$2,480$2,287$1,784
9 years$2,777$2,537$2,316$2,112$1,926$1,450
10 years$2,474$2,236$2,019$1,821$1,641$1,190
11 years$2,226$1,991$1,777$1,585$1,411$986
12 years$2,020$1,787$1,577$1,390$1,223$822
13 years$1,845$1,615$1,409$1,227$1,067$689
14 years$1,696$1,468$1,266$1,089$935$580
15 years$1,566$1,341$1,143$972$823$490
16 years$1,453$1,230$1,036$870$728$415
17 years$1,353$1,133$943$782$645$352
18 years$1,265$1,047$861$704$574$300
19 years$1,186$970$788$636$511$256
20 years$1,115$901$723$576$457$218
21 years$1,051$840$665$523$409$187
22 years$992$784$613$476$366$160
23 years$939$733$566$433$329$137
24 years$890$687$524$395$296$117
25 years$846$645$485$361$266$101
26 years$804$606$450$330$240$86
27 years$766$570$418$302$216$74
28 years$731$537$388$277$195$64
29 years$698$507$361$254$176$55
30 years$668$479$337$233$159$47
31 years$639$452$314$214$144$41
32 years$612$428$293$197$130$35
33 years$587$405$273$181$118$30
34 years$564$384$255$166$107$26
35 years$542$364$239$153$97$22
36 years$521$346$223$141$87$19
37 years$501$329$209$130$79$16
38 years$483$312$196$120$72$14
39 years$465$297$183$110$65$12
40 years$448$282$172$102$59$11
41 years$433$269$161$94$54$9
42 years$418$256$151$87$49$8
43 years$403$244$142$80$44$7
44 years$390$233$133$74$40$6
45 years$377$222$125$68$36$5
46 years$364$212$117$63$33$4
47 years$353$202$110$58$30$4
48 years$341$193$104$54$27$3
49 years$331$184$97$50$25$3
50 years$320$176$92$46$22$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $328,000, adding $2,453 every year, while hoping to spend $20,895 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: 57/35/8 Blend
39$328,000$328,000$328,000$328,000
40$363,986$346,602$341,518$383,929
41$378,881$341,354$330,727$392,396
42$394,594$335,148$318,874$399,062
43$411,188$327,915$305,901$405,814
44$428,729$319,583$291,749$412,661
45$447,291$310,074$276,354$419,616
46$466,953$299,306$259,651$426,695
47$487,804$287,193$241,570$433,913
48$509,937$273,643$222,040$441,292
49$533,458$258,559$200,985$448,855
50$558,480$241,838$178,328$456,630
51$585,129$223,372$153,986$464,649
52$613,541$203,046$127,874$472,949
53$643,866$180,739$99,901$481,571
54$676,268$156,323$69,976$490,565
55$710,927$129,663$38,000$499,985
56$748,041$100,615$3,871$509,895
57$787,824$69,029$0$520,367
58$830,516$34,744$0$534,259
59$876,375$0$0$549,420
60$925,688$0$0$566,559
61$978,769$0$0$599,431
62$1,035,962$0$0$634,872
63$1,097,645$0$0$673,118
64$1,164,234$0$0$714,431
65$1,236,187$0$0$759,095
66$1,314,004$0$0$807,427
67$1,398,238$0$0$859,772
68$1,489,495$0$0$916,512
69$1,588,443$0$0$978,063
70$1,695,814$0$0$1,044,886
71$1,812,416$0$0$1,117,489
72$1,939,135$0$0$1,196,426
73$2,076,948$0$0$1,282,311
74$2,226,929$0$0$1,375,817
75$2,390,259$0$0$1,477,686
76$2,568,238$0$0$1,588,735
77$2,762,298$0$0$1,709,861
78$2,974,013$0$0$1,842,052
79$3,205,117$0$0$1,986,397
80$3,457,517$0$0$2,144,094
81$3,733,315$0$0$2,316,460
82$4,034,823$0$0$2,504,949
83$4,364,588$0$0$2,711,158
84$4,725,411$0$0$2,936,848
85$5,120,382$0$0$3,183,957
86$5,552,898$0$0$3,454,618
87$6,026,703$0$0$3,751,183
88$6,545,920$0$0$4,076,239
89$7,115,089$0$0$4,432,638
90$7,739,209$0$0$4,823,519
91$8,423,789$0$0$5,252,340
92$9,174,894$0$0$5,722,912
93$9,999,206$0$0$6,239,429
94$10,904,084$0$0$6,806,513
95$11,897,637$0$0$7,429,255
96$12,988,794$0$0$8,113,265
97$14,187,393$0$0$8,864,719
98$15,504,272$0$0$9,690,425
99$16,951,371$0$0$10,597,879
100$18,541,842$0$0$11,595,344