Can I retire at age 40 with 329,000?

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 $329,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$27,169$26,927$26,690$26,460$26,235$25,939
2 years$13,450$13,199$12,957$12,721$12,493$12,195
3 years$8,877$8,626$8,384$8,151$7,926$7,636
4 years$6,592$6,341$6,101$5,872$5,653$5,372
5 years$5,221$4,971$4,735$4,510$4,297$4,027
6 years$4,307$4,059$3,826$3,607$3,400$3,140
7 years$3,654$3,409$3,180$2,965$2,765$2,516
8 years$3,165$2,922$2,697$2,488$2,294$2,056
9 years$2,785$2,544$2,323$2,119$1,932$1,704
10 years$2,481$2,243$2,025$1,827$1,646$1,429
11 years$2,233$1,997$1,783$1,590$1,416$1,209
12 years$2,026$1,792$1,582$1,394$1,227$1,030
13 years$1,851$1,619$1,414$1,231$1,070$883
14 years$1,701$1,472$1,270$1,093$938$760
15 years$1,571$1,345$1,147$975$826$658
16 years$1,458$1,234$1,040$873$730$571
17 years$1,358$1,136$946$784$647$497
18 years$1,269$1,050$864$707$575$433
19 years$1,189$973$791$638$513$379
20 years$1,118$904$726$578$458$332
21 years$1,054$842$667$525$410$291
22 years$995$786$615$477$367$256
23 years$942$735$568$435$330$225
24 years$893$689$525$396$296$198
25 years$848$647$486$362$267$175
26 years$807$608$451$331$240$154
27 years$769$572$419$303$217$136
28 years$733$539$389$278$195$120
29 years$700$508$362$255$177$106
30 years$670$480$338$234$159$94
31 years$641$454$315$215$144$83
32 years$614$429$294$197$130$73
33 years$589$407$274$181$118$65
34 years$566$385$256$167$107$58
35 years$543$366$240$154$97$51
36 years$523$347$224$141$88$45
37 years$503$330$210$130$79$40
38 years$484$313$196$120$72$35
39 years$467$298$184$111$65$31
40 years$450$283$172$102$59$28
41 years$434$270$162$94$54$25
42 years$419$257$152$87$49$22
43 years$405$245$142$80$44$19
44 years$391$233$134$74$40$17
45 years$378$222$125$68$36$15
46 years$366$212$118$63$33$14
47 years$354$203$111$58$30$12
48 years$342$193$104$54$27$11
49 years$332$185$98$50$25$9
50 years$321$176$92$46$23$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $329,000, adding $2,414 every year, while hoping to spend $23,379 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: 68/14/18 Blend
39$329,000$329,000$329,000$329,000
40$365,048$347,611$342,512$388,115
41$377,408$339,769$329,111$395,983
42$390,245$330,759$314,477$401,622
43$403,583$320,499$298,545$407,213
44$417,448$308,903$281,246$412,750
45$431,867$295,879$262,507$418,227
46$446,870$281,329$242,253$423,638
47$462,488$265,152$220,406$428,977
48$478,755$247,238$196,884$434,238
49$495,708$227,472$171,599$439,415
50$513,386$205,734$144,463$444,504
51$531,831$181,895$115,383$449,501
52$551,090$155,820$84,260$454,401
53$571,210$127,364$50,992$459,201
54$592,246$96,377$15,472$463,900
55$614,255$62,700$0$468,496
56$637,299$26,162$0$477,298
57$661,446$0$0$489,451
58$686,769$0$0$504,074
59$713,347$0$0$523,658
60$741,267$0$0$544,237
61$770,623$0$0$565,881
62$801,515$0$0$588,665
63$834,056$0$0$612,673
64$868,365$0$0$637,995
65$904,576$0$0$664,728
66$942,830$0$0$692,981
67$983,284$0$0$722,870
68$1,026,110$0$0$754,522
69$1,071,494$0$0$788,077
70$1,119,640$0$0$823,688
71$1,170,771$0$0$861,520
72$1,225,130$0$0$901,757
73$1,282,984$0$0$944,597
74$1,344,626$0$0$990,259
75$1,410,374$0$0$1,038,982
76$1,480,580$0$0$1,091,027
77$1,555,627$0$0$1,146,683
78$1,635,935$0$0$1,206,263
79$1,721,966$0$0$1,270,112
80$1,814,226$0$0$1,338,610
81$1,913,270$0$0$1,412,171
82$2,019,707$0$0$1,491,252
83$2,134,207$0$0$1,576,353
84$2,257,503$0$0$1,668,023
85$2,390,401$0$0$1,766,867
86$2,533,788$0$0$1,873,547
87$2,688,637$0$0$1,988,792
88$2,856,017$0$0$2,113,402
89$3,037,104$0$0$2,248,257
90$3,233,190$0$0$2,394,326
91$3,445,695$0$0$2,552,671
92$3,676,181$0$0$2,724,462
93$3,926,366$0$0$2,910,985
94$4,198,139$0$0$3,113,656
95$4,493,578$0$0$3,334,030
96$4,814,970$0$0$3,573,820
97$5,164,829$0$0$3,834,909
98$5,545,925$0$0$4,119,372
99$5,961,302$0$0$4,429,488
100$6,414,313$0$0$4,767,770