Can I retire at age 40 with 352,000?

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 $352,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$29,068$28,809$28,556$28,310$28,069$27,149
2 years$14,390$14,122$13,862$13,610$13,366$12,448
3 years$9,498$9,229$8,970$8,720$8,480$7,592
4 years$7,053$6,784$6,528$6,283$6,048$5,198
5 years$5,586$5,319$5,066$4,826$4,598$3,787
6 years$4,608$4,343$4,094$3,859$3,638$2,868
7 years$3,910$3,647$3,402$3,173$2,959$2,229
8 years$3,387$3,127$2,885$2,662$2,454$1,765
9 years$2,980$2,722$2,485$2,267$2,067$1,416
10 years$2,655$2,400$2,167$1,954$1,761$1,149
11 years$2,389$2,136$1,907$1,701$1,515$939
12 years$2,167$1,917$1,693$1,492$1,313$772
13 years$1,980$1,733$1,512$1,317$1,145$639
14 years$1,820$1,575$1,359$1,169$1,003$530
15 years$1,681$1,439$1,227$1,043$883$442
16 years$1,559$1,320$1,112$934$781$369
17 years$1,453$1,216$1,012$839$692$309
18 years$1,358$1,123$924$756$616$259
19 years$1,273$1,041$846$683$549$218
20 years$1,196$967$776$619$490$183
21 years$1,127$901$714$561$439$154
22 years$1,065$841$658$510$393$130
23 years$1,008$787$608$465$353$109
24 years$955$737$562$424$317$92
25 years$908$692$520$387$285$78
26 years$863$650$483$354$257$66
27 years$822$612$448$324$232$56
28 years$785$577$417$297$209$47
29 years$749$544$388$272$189$40
30 years$717$514$361$250$171$34
31 years$686$486$337$230$154$28
32 years$657$459$314$211$140$24
33 years$630$435$293$194$126$20
34 years$605$412$274$178$114$17
35 years$581$391$256$164$104$15
36 years$559$371$240$151$94$12
37 years$538$353$224$139$85$10
38 years$518$335$210$128$77$9
39 years$499$319$197$118$70$7
40 years$481$303$185$109$63$6
41 years$464$289$173$101$58$5
42 years$448$275$162$93$52$5
43 years$433$262$152$86$47$4
44 years$418$250$143$79$43$3
45 years$404$238$134$73$39$3
46 years$391$227$126$68$35$2
47 years$378$217$118$63$32$2
48 years$366$207$111$58$29$2
49 years$355$198$105$53$27$1
50 years$344$189$98$49$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $352,000, adding $4,434 every year, while hoping to spend $23,293 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: 76/7/17 Blend
39$352,000$352,000$352,000$352,000
40$392,478$373,822$368,366$420,481
41$407,727$367,355$355,922$433,135
42$423,751$359,792$342,281$443,671
43$440,604$351,052$327,378$454,596
44$458,345$341,053$311,145$465,940
45$477,039$329,708$293,512$477,740
46$496,757$316,923$274,404$490,034
47$517,573$302,599$253,744$502,866
48$539,573$286,634$231,451$516,284
49$562,847$268,916$207,442$530,341
50$587,494$249,330$181,628$545,096
51$613,623$227,752$153,918$560,616
52$641,353$204,052$124,214$576,974
53$670,813$178,093$92,417$594,249
54$702,145$149,729$58,423$612,534
55$735,505$118,806$22,121$631,926
56$771,062$85,164$0$652,536
57$809,004$48,629$0$677,503
58$849,532$9,023$0$708,424
59$892,873$0$0$741,456
60$939,269$0$0$779,398
61$988,991$0$0$820,812
62$1,042,332$0$0$865,251
63$1,099,617$0$0$912,985
64$1,161,201$0$0$964,311
65$1,227,473$0$0$1,019,556
66$1,298,861$0$0$1,079,079
67$1,375,836$0$0$1,143,271
68$1,458,914$0$0$1,212,566
69$1,548,662$0$0$1,287,439
70$1,645,703$0$0$1,368,411
71$1,750,724$0$0$1,456,056
72$1,864,478$0$0$1,551,006
73$1,987,793$0$0$1,653,953
74$2,121,580$0$0$1,765,660
75$2,266,840$0$0$1,886,965
76$2,424,676$0$0$2,018,792
77$2,596,300$0$0$2,162,155
78$2,783,045$0$0$2,318,170
79$2,986,379$0$0$2,488,067
80$3,207,916$0$0$2,673,196
81$3,449,433$0$0$2,875,046
82$3,712,885$0$0$3,095,254
83$4,000,425$0$0$3,335,622
84$4,314,423$0$0$3,598,135
85$4,657,485$0$0$3,884,975
86$5,032,484$0$0$4,198,548
87$5,442,581$0$0$4,541,500
88$5,891,257$0$0$4,916,747
89$6,382,344$0$0$5,327,497
90$6,920,062$0$0$5,777,285
91$7,509,059$0$0$6,270,002
92$8,154,453$0$0$6,809,934
93$8,861,881$0$0$7,401,802
94$9,637,550$0$0$8,050,804
95$10,488,298$0$0$8,762,666
96$11,421,655$0$0$9,543,694
97$12,445,916$0$0$10,400,835
98$13,570,218$0$0$11,341,740
99$14,804,626$0$0$12,374,838
100$16,160,226$0$0$13,509,414