Can I retire at age 40 with 330,000?

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 $330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$27,251$27,008$26,772$26,540$26,315$25,442
2 years$13,491$13,239$12,996$12,760$12,531$11,660
3 years$8,904$8,652$8,409$8,175$7,950$7,108
4 years$6,612$6,360$6,120$5,890$5,670$4,864
5 years$5,237$4,986$4,749$4,524$4,310$3,542
6 years$4,320$4,072$3,838$3,618$3,411$2,681
7 years$3,666$3,420$3,189$2,974$2,774$2,083
8 years$3,175$2,931$2,705$2,495$2,301$1,648
9 years$2,794$2,552$2,330$2,125$1,938$1,322
10 years$2,489$2,250$2,031$1,832$1,651$1,071
11 years$2,239$2,003$1,788$1,594$1,420$875
12 years$2,032$1,797$1,587$1,399$1,231$719
13 years$1,856$1,624$1,418$1,235$1,073$594
14 years$1,706$1,477$1,274$1,096$941$493
15 years$1,576$1,349$1,150$977$828$410
16 years$1,462$1,238$1,043$875$732$343
17 years$1,362$1,140$949$786$649$287
18 years$1,273$1,053$866$709$577$240
19 years$1,193$976$793$640$514$202
20 years$1,122$907$728$580$459$169
21 years$1,057$845$669$526$411$143
22 years$998$789$617$479$369$120
23 years$945$738$570$436$331$101
24 years$896$691$527$398$297$85
25 years$851$649$488$363$268$72
26 years$809$610$453$332$241$61
27 years$771$574$420$304$217$51
28 years$735$541$391$278$196$43
29 years$702$510$364$255$177$37
30 years$672$482$339$234$160$31
31 years$643$455$316$215$145$26
32 years$616$431$295$198$131$22
33 years$591$408$275$182$118$19
34 years$567$387$257$167$107$16
35 years$545$367$240$154$97$13
36 years$524$348$225$142$88$11
37 years$504$331$210$131$80$10
38 years$486$314$197$120$72$8
39 years$468$299$185$111$66$7
40 years$451$284$173$102$59$6
41 years$435$271$162$95$54$5
42 years$420$258$152$87$49$4
43 years$406$246$143$81$44$3
44 years$392$234$134$74$40$3
45 years$379$223$126$69$37$3
46 years$367$213$118$63$33$2
47 years$355$203$111$59$30$2
48 years$343$194$104$54$27$2
49 years$333$185$98$50$25$1
50 years$322$177$92$46$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $330,000, adding $6,987 every year, while hoping to spend $21,116 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: 58/31/11 Blend
39$330,000$330,000$330,000$330,000
40$370,867$353,377$348,262$390,988
41$386,228$348,225$337,462$400,219
42$402,449$342,113$325,592$407,304
43$419,593$334,972$312,594$414,519
44$437,734$326,728$298,408$421,879
45$456,948$317,302$282,970$429,401
46$477,321$306,614$266,213$437,104
47$498,945$294,576$248,069$445,013
48$521,923$281,096$228,465$453,153
49$546,365$266,075$207,324$461,556
50$572,393$249,412$184,568$470,257
51$600,140$230,996$160,115$479,297
52$629,753$210,713$133,877$488,720
53$661,390$188,441$105,764$498,581
54$695,228$164,050$75,683$508,937
55$731,458$137,406$43,535$519,857
56$770,291$108,363$9,218$531,417
57$811,958$76,770$0$543,703
58$856,712$42,466$0$560,029
59$904,833$5,283$0$578,651
60$956,625$0$0$598,624
61$1,012,424$0$0$632,026
62$1,072,598$0$0$670,012
63$1,137,553$0$0$711,039
64$1,207,733$0$0$755,390
65$1,283,628$0$0$803,378
66$1,365,773$0$0$855,344
67$1,454,761$0$0$911,667
68$1,551,240$0$0$972,761
69$1,655,926$0$0$1,039,082
70$1,769,602$0$0$1,111,131
71$1,893,134$0$0$1,189,459
72$2,027,472$0$0$1,274,675
73$2,173,661$0$0$1,367,446
74$2,332,852$0$0$1,468,505
75$2,506,311$0$0$1,578,663
76$2,695,432$0$0$1,698,808
77$2,901,747$0$0$1,829,920
78$3,126,945$0$0$1,973,078
79$3,372,884$0$0$2,129,468
80$3,641,609$0$0$2,300,396
81$3,935,371$0$0$2,487,301
82$4,256,650$0$0$2,691,767
83$4,608,175$0$0$2,915,537
84$4,992,953$0$0$3,160,532
85$5,414,292$0$0$3,428,866
86$5,875,838$0$0$3,722,868
87$6,381,603$0$0$4,045,102
88$6,936,010$0$0$4,398,393
89$7,543,926$0$0$4,785,851
90$8,210,713$0$0$5,210,903
91$8,942,277$0$0$5,677,323
92$9,745,124$0$0$6,189,266
93$10,626,420$0$0$6,751,314
94$11,594,058$0$0$7,368,508
95$12,656,733$0$0$8,046,406
96$13,824,023$0$0$8,791,128
97$15,106,480$0$0$9,609,417
98$16,515,729$0$0$10,508,702
99$18,064,575$0$0$11,497,167
100$19,767,127$0$0$12,583,827