Can I retire at age 40 with 447,000?

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 $447,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$36,913$36,584$36,263$35,950$35,644$35,083
2 years$18,274$17,933$17,604$17,284$16,974$16,409
3 years$12,061$11,720$11,391$11,074$10,769$10,219
4 years$8,956$8,615$8,289$7,978$7,680$7,150
5 years$7,093$6,754$6,433$6,128$5,838$5,329
6 years$5,852$5,515$5,199$4,901$4,620$4,131
7 years$4,965$4,632$4,320$4,029$3,757$3,290
8 years$4,301$3,970$3,664$3,380$3,117$2,671
9 years$3,784$3,457$3,156$2,879$2,625$2,200
10 years$3,371$3,047$2,751$2,482$2,237$1,832
11 years$3,033$2,713$2,422$2,160$1,923$1,539
12 years$2,752$2,435$2,150$1,894$1,667$1,302
13 years$2,514$2,200$1,921$1,672$1,454$1,108
14 years$2,311$2,000$1,726$1,485$1,274$948
15 years$2,135$1,827$1,558$1,324$1,122$813
16 years$1,980$1,676$1,413$1,186$992$700
17 years$1,845$1,544$1,285$1,065$879$605
18 years$1,724$1,427$1,173$960$782$524
19 years$1,616$1,322$1,074$867$697$454
20 years$1,519$1,229$986$786$622$395
21 years$1,432$1,144$907$713$557$343
22 years$1,352$1,068$836$648$499$299
23 years$1,280$999$772$590$448$261
24 years$1,213$936$714$538$403$228
25 years$1,152$878$661$492$362$199
26 years$1,096$826$613$450$326$174
27 years$1,044$777$569$412$294$152
28 years$996$732$529$377$266$133
29 years$952$691$492$346$240$117
30 years$910$652$459$317$217$102
31 years$871$617$428$291$196$90
32 years$835$583$399$268$177$79
33 years$801$553$373$246$160$69
34 years$768$524$348$227$145$60
35 years$738$497$325$209$132$53
36 years$710$471$304$192$119$47
37 years$683$448$285$177$108$41
38 years$658$426$267$163$98$36
39 years$634$405$250$150$89$31
40 years$611$385$234$139$81$28
41 years$590$366$220$128$73$24
42 years$569$349$206$118$66$21
43 years$550$333$193$109$60$19
44 years$531$317$182$101$55$16
45 years$513$302$170$93$50$14
46 years$497$288$160$86$45$13
47 years$481$275$150$79$41$11
48 years$465$263$141$73$37$10
49 years$450$251$133$68$34$9
50 years$436$240$125$63$31$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $447,000, adding $5,765 every year, while hoping to spend $36,118 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: 70/22/8 Blend
39$447,000$447,000$447,000$447,000
40$498,541$474,850$467,921$532,343
41$510,962$459,688$445,167$540,311
42$523,441$442,573$420,440$544,045
43$535,943$423,370$393,637$547,148
44$548,433$401,939$364,647$549,549
45$560,868$378,129$333,358$551,172
46$573,202$351,782$299,650$551,935
47$585,379$322,731$263,399$551,747
48$597,341$290,797$224,476$550,510
49$609,018$255,795$182,745$548,118
50$620,336$217,527$138,064$544,454
51$631,207$175,783$90,287$539,392
52$641,537$130,343$39,258$532,795
53$651,217$80,973$0$524,512
54$660,129$27,428$0$515,679
55$668,138$0$0$508,480
56$675,095$0$0$506,780
57$680,835$0$0$510,766
58$685,171$0$0$513,657
59$687,899$0$0$515,292
60$688,789$0$0$515,496
61$687,588$0$0$514,071
62$684,014$0$0$510,799
63$677,754$0$0$505,439
64$668,460$0$0$497,722
65$655,747$0$0$487,351
66$639,190$0$0$473,996
67$618,315$0$0$457,292
68$592,600$0$0$436,836
69$561,465$0$0$412,179
70$524,270$0$0$382,827
71$480,305$0$0$348,232
72$428,786$0$0$307,789
73$368,846$0$0$260,828
74$299,527$0$0$206,608
75$219,768$0$0$144,312
76$128,400$0$0$73,036
77$24,127$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0