Can I retire at age 40 with 378,000?

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 $378,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$31,215$30,937$30,666$30,401$30,142$29,778
2 years$15,453$15,165$14,886$14,616$14,353$13,987
3 years$10,200$9,911$9,632$9,364$9,106$8,749
4 years$7,573$7,285$7,010$6,747$6,495$6,149
5 years$5,998$5,712$5,440$5,182$4,937$4,604
6 years$4,948$4,664$4,396$4,144$3,907$3,587
7 years$4,199$3,917$3,653$3,407$3,177$2,871
8 years$3,637$3,358$3,098$2,858$2,636$2,343
9 years$3,200$2,923$2,669$2,434$2,220$1,940
10 years$2,851$2,577$2,327$2,099$1,891$1,624
11 years$2,565$2,294$2,048$1,826$1,627$1,373
12 years$2,327$2,059$1,818$1,602$1,410$1,168
13 years$2,126$1,861$1,624$1,414$1,229$1,000
14 years$1,954$1,691$1,459$1,255$1,077$860
15 years$1,805$1,545$1,317$1,120$949$743
16 years$1,675$1,418$1,194$1,003$838$644
17 years$1,560$1,305$1,087$901$743$559
18 years$1,458$1,206$992$812$661$487
19 years$1,367$1,118$908$733$589$426
20 years$1,285$1,039$834$664$526$372
21 years$1,211$968$767$603$471$326
22 years$1,143$903$707$548$422$286
23 years$1,082$845$653$499$379$251
24 years$1,026$792$603$455$341$221
25 years$975$743$559$416$306$194
26 years$927$698$518$380$276$171
27 years$883$657$481$348$249$151
28 years$842$619$447$319$225$133
29 years$805$584$416$292$203$117
30 years$769$552$388$268$183$104
31 years$737$521$362$246$166$91
32 years$706$493$337$227$150$81
33 years$677$467$315$208$136$71
34 years$650$443$294$192$123$63
35 years$624$420$275$176$111$56
36 years$600$399$257$162$101$49
37 years$578$379$241$150$91$44
38 years$556$360$226$138$83$39
39 years$536$342$211$127$75$34
40 years$517$326$198$117$68$30
41 years$499$310$186$108$62$27
42 years$481$295$174$100$56$24
43 years$465$281$164$92$51$21
44 years$449$268$154$85$46$19
45 years$434$256$144$79$42$16
46 years$420$244$135$73$38$15
47 years$406$233$127$67$35$13
48 years$393$222$120$62$31$11
49 years$381$212$112$57$29$10
50 years$369$203$106$53$26$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $378,000, adding $4,419 every year, while hoping to spend $24,384 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: 54/35/11 Blend
39$378,000$378,000$378,000$378,000
40$421,114$401,080$395,221$442,438
41$438,123$394,789$382,517$451,121
42$456,050$387,372$368,569$457,542
43$474,963$378,748$353,312$463,960
44$494,935$368,833$336,674$470,379
45$516,047$357,535$318,581$476,806
46$538,388$344,757$298,957$483,248
47$562,053$330,400$277,722$489,718
48$587,147$314,354$254,790$496,228
49$613,786$296,507$230,075$502,795
50$642,094$276,738$203,485$509,439
51$672,209$254,920$174,924$516,184
52$704,282$230,919$144,291$523,060
53$738,477$204,592$111,483$530,100
54$774,973$175,789$76,389$537,344
55$813,970$144,352$38,897$544,838
56$855,682$110,112$0$552,637
57$900,348$72,894$0$560,932
58$948,227$32,510$0$574,547
59$999,605$0$0$589,007
60$1,054,796$0$0$608,750
61$1,114,143$0$0$643,470
62$1,178,024$0$0$680,869
63$1,246,853$0$0$721,193
64$1,321,085$0$0$764,712
65$1,401,222$0$0$811,725
66$1,487,812$0$0$862,556
67$1,581,460$0$0$917,566
68$1,682,829$0$0$977,147
69$1,792,650$0$0$1,041,735
70$1,911,725$0$0$1,111,806
71$2,040,937$0$0$1,187,884
72$2,181,257$0$0$1,270,546
73$2,333,751$0$0$1,360,427
74$2,499,596$0$0$1,458,225
75$2,680,082$0$0$1,564,707
76$2,876,631$0$0$1,680,720
77$3,090,809$0$0$1,807,194
78$3,324,337$0$0$1,945,151
79$3,579,111$0$0$2,095,719
80$3,857,215$0$0$2,260,138
81$4,160,947$0$0$2,439,773
82$4,492,834$0$0$2,636,128
83$4,855,658$0$0$2,850,858
84$5,252,484$0$0$3,085,783
85$5,686,685$0$0$3,342,912
86$6,161,976$0$0$3,624,453
87$6,682,447$0$0$3,932,838
88$7,252,602$0$0$4,270,748
89$7,877,402$0$0$4,641,133
90$8,562,310$0$0$5,047,242
91$9,313,344$0$0$5,492,654
92$10,137,130$0$0$5,981,312
93$11,040,967$0$0$6,517,558
94$12,032,896$0$0$7,106,176
95$13,121,773$0$0$7,752,432
96$14,317,354$0$0$8,462,132
97$15,630,384$0$0$9,241,668
98$17,072,702$0$0$10,098,083
99$18,657,349$0$0$11,039,137
100$20,398,692$0$0$12,073,375