Can I retire at age 40 with 376,000?

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 $376,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$31,050$30,773$30,503$30,240$29,983$29,694
2 years$15,371$15,085$14,807$14,538$14,278$13,987
3 years$10,146$9,858$9,581$9,315$9,058$8,775
4 years$7,533$7,247$6,973$6,711$6,460$6,186
5 years$5,966$5,682$5,411$5,155$4,911$4,646
6 years$4,922$4,639$4,373$4,122$3,886$3,631
7 years$4,177$3,896$3,634$3,389$3,160$2,916
8 years$3,618$3,340$3,082$2,843$2,622$2,388
9 years$3,183$2,908$2,654$2,422$2,208$1,984
10 years$2,836$2,563$2,314$2,087$1,881$1,668
11 years$2,552$2,282$2,037$1,817$1,618$1,414
12 years$2,315$2,048$1,808$1,593$1,402$1,208
13 years$2,115$1,851$1,615$1,407$1,223$1,038
14 years$1,944$1,682$1,451$1,249$1,072$897
15 years$1,795$1,537$1,311$1,114$944$777
16 years$1,666$1,410$1,188$997$834$677
17 years$1,552$1,299$1,081$896$739$590
18 years$1,450$1,200$987$807$658$517
19 years$1,359$1,112$904$730$586$453
20 years$1,278$1,033$829$661$523$398
21 years$1,204$963$763$600$468$350
22 years$1,137$899$703$545$420$309
23 years$1,076$840$649$497$377$272
24 years$1,021$787$600$453$339$241
25 years$969$739$556$414$305$213
26 years$922$694$516$378$275$188
27 years$878$654$479$346$248$167
28 years$838$616$445$317$223$148
29 years$800$581$414$291$202$131
30 years$765$549$386$267$182$116
31 years$733$519$360$245$165$103
32 years$702$491$336$225$149$91
33 years$673$465$313$207$135$81
34 years$646$441$293$191$122$72
35 years$621$418$274$175$111$64
36 years$597$397$256$162$100$57
37 years$575$377$240$149$91$51
38 years$553$358$224$137$82$45
39 years$533$340$210$127$75$40
40 years$514$324$197$117$68$36
41 years$496$308$185$108$61$32
42 years$479$294$173$99$56$28
43 years$462$280$163$92$51$25
44 years$447$267$153$85$46$22
45 years$432$254$143$78$42$20
46 years$418$243$135$72$38$18
47 years$404$231$127$67$34$16
48 years$391$221$119$62$31$14
49 years$379$211$112$57$28$12
50 years$367$202$105$53$26$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $376,000, adding $2,368 every year, while hoping to spend $23,297 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: 55/29/16 Blend
39$376,000$376,000$376,000$376,000
40$416,795$396,867$391,039$437,827
41$434,520$391,525$379,351$447,073
42$453,272$385,141$366,490$454,430
43$473,132$377,639$352,394$461,914
44$494,187$368,939$336,994$469,545
45$516,532$358,955$320,221$477,343
46$540,272$347,598$302,003$485,331
47$565,522$334,773$282,263$493,539
48$592,408$320,379$260,920$501,997
49$621,065$304,309$237,893$510,743
50$651,645$286,451$213,094$519,820
51$684,312$266,686$186,431$529,276
52$719,246$244,888$157,811$539,166
53$756,644$220,923$127,133$549,553
54$796,725$194,652$94,295$560,510
55$839,726$165,924$59,189$572,116
56$885,907$134,583$21,701$584,465
57$935,555$100,464$0$597,659
58$988,985$63,390$0$614,941
59$1,046,542$23,176$0$637,474
60$1,108,605$0$0$661,720
61$1,175,591$0$0$694,370
62$1,247,958$0$0$737,660
63$1,326,208$0$0$784,497
64$1,410,895$0$0$835,218
65$1,502,627$0$0$890,189
66$1,602,072$0$0$949,815
67$1,709,964$0$0$1,014,541
68$1,827,113$0$0$1,084,856
69$1,954,408$0$0$1,161,298
70$2,092,825$0$0$1,244,460
71$2,243,442$0$0$1,334,993
72$2,407,441$0$0$1,433,613
73$2,586,127$0$0$1,541,110
74$2,780,932$0$0$1,658,352
75$2,993,434$0$0$1,786,293
76$3,225,370$0$0$1,925,987
77$3,478,652$0$0$2,078,590
78$3,755,384$0$0$2,245,378
79$4,057,882$0$0$2,427,753
80$4,388,698$0$0$2,627,261
81$4,750,640$0$0$2,845,603
82$5,146,800$0$0$3,084,653
83$5,580,584$0$0$3,346,472
84$6,055,741$0$0$3,633,334
85$6,576,401$0$0$3,947,739
86$7,147,113$0$0$4,292,443
87$7,772,884$0$0$4,670,481
88$8,459,232$0$0$5,085,196
89$9,212,234$0$0$5,540,269
90$10,038,581$0$0$6,039,755
91$10,945,648$0$0$6,588,122
92$11,941,553$0$0$7,190,290
93$13,035,244$0$0$7,851,680
94$14,236,573$0$0$8,578,264
95$15,556,399$0$0$9,376,618
96$17,006,679$0$0$10,253,991
97$18,600,588$0$0$11,218,366
98$20,352,642$0$0$12,278,540
99$22,278,831$0$0$13,444,201
100$24,396,774$0$0$14,726,028