Can I retire at age 40 with 351,000?

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 $351,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$28,985$28,727$28,475$28,229$27,989$27,357
2 years$14,349$14,082$13,823$13,572$13,328$12,695
3 years$9,471$9,203$8,944$8,696$8,456$7,841
4 years$7,033$6,765$6,509$6,265$6,031$5,439
5 years$5,570$5,304$5,051$4,812$4,585$4,018
6 years$4,595$4,331$4,082$3,848$3,628$3,086
7 years$3,899$3,637$3,392$3,164$2,950$2,434
8 years$3,377$3,118$2,877$2,654$2,447$1,957
9 years$2,971$2,715$2,478$2,261$2,061$1,595
10 years$2,647$2,393$2,160$1,949$1,756$1,315
11 years$2,382$2,130$1,902$1,696$1,510$1,093
12 years$2,161$1,912$1,688$1,488$1,309$915
13 years$1,974$1,728$1,508$1,313$1,141$770
14 years$1,815$1,570$1,355$1,166$1,001$650
15 years$1,676$1,435$1,223$1,040$881$552
16 years$1,555$1,316$1,109$931$779$470
17 years$1,448$1,212$1,009$836$690$401
18 years$1,354$1,120$921$754$614$342
19 years$1,269$1,038$843$681$547$293
20 years$1,193$965$774$617$489$252
21 years$1,124$899$712$560$437$216
22 years$1,062$839$656$509$392$186
23 years$1,005$785$606$464$352$160
24 years$953$735$560$423$316$138
25 years$905$690$519$386$285$119
26 years$861$648$481$353$256$102
27 years$820$610$447$323$231$88
28 years$782$575$416$296$209$76
29 years$747$542$387$272$188$66
30 years$714$512$360$249$170$57
31 years$684$484$336$229$154$49
32 years$655$458$313$210$139$43
33 years$629$434$293$193$126$37
34 years$603$411$273$178$114$32
35 years$580$390$256$164$103$28
36 years$557$370$239$151$94$24
37 years$536$352$224$139$85$21
38 years$517$334$210$128$77$18
39 years$498$318$196$118$70$15
40 years$480$302$184$109$63$13
41 years$463$288$173$101$57$12
42 years$447$274$162$93$52$10
43 years$432$261$152$86$47$9
44 years$417$249$143$79$43$7
45 years$403$237$134$73$39$6
46 years$390$226$126$67$35$6
47 years$377$216$118$62$32$5
48 years$365$206$111$58$29$4
49 years$354$197$104$53$26$4
50 years$343$188$98$49$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $351,000, adding $3,543 every year, while hoping to spend $23,252 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: 62/13/25 Blend
39$351,000$351,000$351,000$351,000
40$390,457$371,854$366,413$411,872
41$405,543$365,334$353,948$420,285
42$421,389$357,717$340,286$426,603
43$438,048$348,922$325,362$432,993
44$455,577$338,866$309,110$439,463
45$474,038$327,463$291,457$446,027
46$493,500$314,619$272,331$452,700
47$514,037$300,236$251,655$459,499
48$535,730$284,209$229,347$466,444
49$558,668$266,428$205,323$473,560
50$582,946$246,778$179,496$480,873
51$608,671$225,134$151,773$488,415
52$635,957$201,367$122,059$496,222
53$664,930$175,339$90,253$504,336
54$695,728$146,906$56,251$512,804
55$728,500$115,912$19,944$521,679
56$763,413$82,197$0$531,023
57$800,645$45,589$0$545,920
58$840,395$5,908$0$567,436
59$882,880$0$0$590,368
60$928,336$0$0$620,149
61$977,023$0$0$652,969
62$1,029,228$0$0$688,179
63$1,085,262$0$0$725,990
64$1,145,471$0$0$766,639
65$1,210,230$0$0$810,381
66$1,279,954$0$0$857,500
67$1,355,098$0$0$908,305
68$1,436,161$0$0$963,138
69$1,523,693$0$0$1,022,372
70$1,618,295$0$0$1,086,420
71$1,720,631$0$0$1,155,733
72$1,831,429$0$0$1,230,809
73$1,951,491$0$0$1,312,195
74$2,081,696$0$0$1,400,490
75$2,223,013$0$0$1,496,357
76$2,376,508$0$0$1,600,522
77$2,543,352$0$0$1,713,786
78$2,724,834$0$0$1,837,028
79$2,922,372$0$0$1,971,216
80$3,137,527$0$0$2,117,416
81$3,372,015$0$0$2,276,800
82$3,627,726$0$0$2,450,658
83$3,906,740$0$0$2,640,412
84$4,211,347$0$0$2,847,623
85$4,544,067$0$0$3,074,014
86$4,907,674$0$0$3,321,478
87$5,305,222$0$0$3,592,102
88$5,740,074$0$0$3,888,183
89$6,215,933$0$0$4,212,248
90$6,736,877$0$0$4,567,084
91$7,307,395$0$0$4,955,757
92$7,932,432$0$0$5,381,643
93$8,617,432$0$0$5,848,462
94$9,368,393$0$0$6,360,310
95$10,191,919$0$0$6,921,699
96$11,095,286$0$0$7,537,597
97$12,086,505$0$0$8,213,479
98$13,174,403$0$0$8,955,372
99$14,368,701$0$0$9,769,919
100$15,680,109$0$0$10,664,434