Can I retire at age 40 with 370,000?

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 $370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$30,554$30,282$30,017$29,757$29,504$28,583
2 years$15,126$14,844$14,571$14,306$14,050$13,129
3 years$9,984$9,701$9,428$9,166$8,914$8,024
4 years$7,413$7,131$6,862$6,604$6,357$5,504
5 years$5,871$5,591$5,325$5,072$4,833$4,019
6 years$4,844$4,565$4,303$4,056$3,824$3,050
7 years$4,110$3,834$3,576$3,335$3,110$2,376
8 years$3,560$3,286$3,033$2,798$2,580$1,886
9 years$3,132$2,861$2,612$2,383$2,173$1,517
10 years$2,790$2,522$2,277$2,054$1,851$1,233
11 years$2,511$2,245$2,005$1,788$1,592$1,011
12 years$2,278$2,015$1,779$1,568$1,380$834
13 years$2,081$1,821$1,590$1,384$1,203$691
14 years$1,913$1,655$1,428$1,229$1,055$575
15 years$1,767$1,512$1,290$1,096$929$481
16 years$1,639$1,388$1,169$981$821$403
17 years$1,527$1,278$1,064$882$728$338
18 years$1,427$1,181$971$795$647$284
19 years$1,338$1,094$889$718$577$240
20 years$1,258$1,017$816$650$515$202
21 years$1,185$947$751$590$461$171
22 years$1,119$884$692$537$413$144
23 years$1,059$827$639$489$371$122
24 years$1,004$775$591$446$333$103
25 years$954$727$547$407$300$88
26 years$907$683$507$372$270$74
27 years$864$643$471$341$244$63
28 years$825$606$438$312$220$53
29 years$788$572$408$286$199$45
30 years$753$540$380$263$179$38
31 years$721$510$354$241$162$33
32 years$691$483$330$222$147$28
33 years$663$457$308$204$133$23
34 years$636$433$288$188$120$20
35 years$611$411$269$173$109$17
36 years$588$390$252$159$99$14
37 years$565$371$236$147$89$12
38 years$544$352$221$135$81$10
39 years$525$335$207$125$73$9
40 years$506$319$194$115$67$7
41 years$488$303$182$106$60$6
42 years$471$289$171$98$55$5
43 years$455$275$160$90$50$5
44 years$440$262$150$83$45$4
45 years$425$250$141$77$41$3
46 years$411$239$133$71$37$3
47 years$398$228$124$66$34$2
48 years$385$217$117$61$31$2
49 years$373$208$110$56$28$2
50 years$361$198$103$52$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $370,000, adding $4,586 every year, while hoping to spend $24,826 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: 51/19/30 Blend
39$370,000$370,000$370,000$370,000
40$412,470$392,860$387,125$429,808
41$428,128$385,696$373,679$435,234
42$444,550$377,348$358,951$438,293
43$461,789$367,733$342,871$441,141
44$479,901$356,762$325,367$443,770
45$498,948$344,340$306,363$446,171
46$518,995$330,367$285,781$448,339
47$540,115$314,738$263,537$450,267
48$562,388$297,341$239,546$451,950
49$585,898$278,057$213,718$453,386
50$610,740$256,763$185,958$454,572
51$637,016$233,324$156,168$455,511
52$664,838$207,603$124,246$456,204
53$694,327$179,451$90,084$456,658
54$725,617$148,713$53,570$456,882
55$758,853$115,223$14,587$456,889
56$794,194$78,807$0$456,696
57$831,816$39,282$0$464,971
58$871,908$0$0$478,642
59$914,680$0$0$493,850
60$960,360$0$0$518,886
61$1,009,200$0$0$545,678
62$1,061,475$0$0$574,380
63$1,117,485$0$0$605,160
64$1,177,562$0$0$638,204
65$1,242,070$0$0$673,715
66$1,311,405$0$0$711,915
67$1,386,006$0$0$753,051
68$1,466,353$0$0$797,392
69$1,552,973$0$0$845,232
70$1,646,445$0$0$896,896
71$1,747,406$0$0$952,743
72$1,856,555$0$0$1,013,163
73$1,974,661$0$0$1,078,587
74$2,102,569$0$0$1,149,491
75$2,241,209$0$0$1,226,395
76$2,391,601$0$0$1,309,873
77$2,554,869$0$0$1,400,554
78$2,732,250$0$0$1,499,132
79$2,925,102$0$0$1,606,371
80$3,134,921$0$0$1,723,109
81$3,363,353$0$0$1,850,271
82$3,612,208$0$0$1,988,872
83$3,883,479$0$0$2,140,032
84$4,179,358$0$0$2,304,981
85$4,502,259$0$0$2,485,076
86$4,854,840$0$0$2,681,806
87$5,240,024$0$0$2,896,816
88$5,661,032$0$0$3,131,913
89$6,121,408$0$0$3,389,088
90$6,625,055$0$0$3,670,533
91$7,176,271$0$0$3,978,662
92$7,779,788$0$0$4,316,133
93$8,440,818$0$0$4,685,872
94$9,165,098$0$0$5,091,104
95$9,958,950$0$0$5,535,379
96$10,829,333$0$0$6,022,606
97$11,783,914$0$0$6,557,094
98$12,831,138$0$0$7,143,585
99$13,980,303$0$0$7,787,304
100$15,241,656$0$0$8,494,008