Can I retire at age 40 with 357,000?

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 $357,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$29,481$29,218$28,962$28,712$28,468$27,425
2 years$14,594$14,323$14,059$13,804$13,556$12,517
3 years$9,633$9,360$9,097$8,844$8,601$7,598
4 years$7,153$6,881$6,620$6,372$6,134$5,176
5 years$5,665$5,394$5,138$4,894$4,663$3,751
6 years$4,673$4,405$4,152$3,914$3,690$2,825
7 years$3,966$3,699$3,450$3,218$3,001$2,183
8 years$3,435$3,171$2,926$2,699$2,489$1,718
9 years$3,022$2,761$2,520$2,299$2,096$1,371
10 years$2,692$2,434$2,197$1,982$1,786$1,104
11 years$2,423$2,166$1,934$1,725$1,536$897
12 years$2,198$1,945$1,717$1,513$1,331$733
13 years$2,008$1,757$1,534$1,336$1,161$602
14 years$1,846$1,597$1,378$1,186$1,018$496
15 years$1,705$1,459$1,244$1,057$896$410
16 years$1,582$1,339$1,128$947$792$340
17 years$1,473$1,233$1,027$851$702$283
18 years$1,377$1,139$937$767$624$235
19 years$1,291$1,056$858$693$556$196
20 years$1,213$981$787$627$497$164
21 years$1,143$914$724$569$445$137
22 years$1,080$853$667$518$399$114
23 years$1,022$798$616$472$358$96
24 years$969$748$570$430$322$80
25 years$920$702$528$393$289$67
26 years$876$659$490$359$261$56
27 years$834$621$455$329$235$47
28 years$796$585$423$301$212$40
29 years$760$552$393$276$192$33
30 years$727$521$366$253$173$28
31 years$696$492$342$233$156$23
32 years$667$466$319$214$142$20
33 years$639$441$298$197$128$16
34 years$614$418$278$181$116$14
35 years$590$397$260$167$105$12
36 years$567$377$243$153$95$10
37 years$546$358$228$141$86$8
38 years$525$340$213$130$78$7
39 years$506$323$200$120$71$6
40 years$488$307$187$111$64$5
41 years$471$293$175$102$58$4
42 years$455$279$165$94$53$3
43 years$439$266$154$87$48$3
44 years$424$253$145$80$44$2
45 years$410$241$136$74$40$2
46 years$397$230$128$69$36$2
47 years$384$220$120$63$33$1
48 years$372$210$113$59$30$1
49 years$360$200$106$54$27$1
50 years$349$191$100$50$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $357,000, adding $5,032 every year, while hoping to spend $26,573 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: 50/44/6 Blend
39$357,000$357,000$357,000$357,000
40$398,605$379,684$374,150$417,692
41$410,989$370,015$358,411$421,572
42$423,745$358,981$341,253$422,511
43$436,885$346,488$322,602$422,897
44$450,417$332,436$302,379$422,683
45$464,351$316,718$280,501$421,822
46$478,699$299,221$256,882$420,263
47$493,470$279,826$231,431$417,950
48$508,676$258,409$204,056$414,825
49$524,325$234,836$174,656$410,826
50$540,429$208,966$143,130$405,890
51$556,999$180,651$109,371$399,945
52$574,044$149,734$73,266$392,919
53$591,575$116,050$34,699$384,733
54$609,603$79,423$0$375,305
55$628,136$39,668$0$364,960
56$647,184$0$0$355,590
57$666,758$0$0$346,532
58$686,865$0$0$356,954
59$707,514$0$0$367,654
60$728,712$0$0$378,636
61$750,468$0$0$389,903
62$772,787$0$0$401,457
63$795,673$0$0$413,300
64$819,133$0$0$425,435
65$843,167$0$0$437,862
66$867,779$0$0$450,581
67$892,967$0$0$463,591
68$918,729$0$0$476,891
69$945,061$0$0$490,476
70$971,957$0$0$504,343
71$999,407$0$0$518,485
72$1,027,399$0$0$532,894
73$1,055,916$0$0$547,562
74$1,084,940$0$0$562,475
75$1,114,446$0$0$577,619
76$1,144,404$0$0$592,979
77$1,174,782$0$0$608,533
78$1,205,538$0$0$624,258
79$1,236,625$0$0$640,127
80$1,267,989$0$0$656,109
81$1,299,566$0$0$672,168
82$1,331,286$0$0$688,263
83$1,363,064$0$0$704,347
84$1,394,808$0$0$720,366
85$1,426,409$0$0$736,261
86$1,457,748$0$0$751,964
87$1,488,687$0$0$767,397
88$1,519,074$0$0$782,474
89$1,548,733$0$0$797,099
90$1,577,472$0$0$811,161
91$1,605,070$0$0$824,541
92$1,631,285$0$0$837,100
93$1,655,843$0$0$848,686
94$1,678,438$0$0$859,130
95$1,698,728$0$0$868,241
96$1,716,335$0$0$875,808
97$1,730,834$0$0$881,595
98$1,741,755$0$0$885,341
99$1,748,572$0$0$886,755
100$1,750,702$0$0$885,513