Can I retire at age 40 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$37,821$37,484$37,156$36,835$36,522$36,322
2 years$18,723$18,375$18,037$17,709$17,391$17,190
3 years$12,358$12,008$11,671$11,346$11,034$10,837
4 years$9,176$8,827$8,493$8,174$7,869$7,678
5 years$7,268$6,921$6,591$6,279$5,982$5,798
6 years$5,996$5,651$5,327$5,021$4,733$4,556
7 years$5,087$4,746$4,427$4,128$3,850$3,679
8 years$4,407$4,068$3,754$3,463$3,194$3,029
9 years$3,877$3,542$3,233$2,950$2,689$2,532
10 years$3,454$3,122$2,819$2,543$2,292$2,141
11 years$3,108$2,779$2,482$2,213$1,971$1,827
12 years$2,820$2,495$2,202$1,941$1,708$1,570
13 years$2,576$2,254$1,968$1,714$1,489$1,358
14 years$2,368$2,049$1,768$1,521$1,306$1,181
15 years$2,187$1,872$1,596$1,357$1,149$1,031
16 years$2,029$1,718$1,447$1,215$1,016$903
17 years$1,890$1,582$1,317$1,091$901$794
18 years$1,766$1,462$1,202$984$801$699
19 years$1,656$1,355$1,101$889$714$618
20 years$1,557$1,259$1,010$805$638$547
21 years$1,467$1,173$929$731$571$485
22 years$1,385$1,094$856$664$511$430
23 years$1,311$1,024$791$605$459$382
24 years$1,243$959$731$552$413$340
25 years$1,181$900$677$504$371$303
26 years$1,123$846$628$461$335$270
27 years$1,070$796$583$422$302$241
28 years$1,021$750$542$386$272$216
29 years$975$708$505$354$246$193
30 years$932$668$470$325$222$172
31 years$892$632$438$299$201$154
32 years$855$598$409$274$182$138
33 years$820$566$382$252$164$124
34 years$787$537$357$232$149$111
35 years$757$509$333$214$135$99
36 years$727$483$312$197$122$89
37 years$700$459$292$181$111$80
38 years$674$436$273$167$100$71
39 years$649$415$256$154$91$64
40 years$626$394$240$142$83$57
41 years$604$375$225$131$75$52
42 years$583$358$211$121$68$46
43 years$563$341$198$112$62$42
44 years$544$325$186$103$56$37
45 years$526$310$175$95$51$33
46 years$509$295$164$88$46$30
47 years$492$282$154$81$42$27
48 years$477$269$145$75$38$24
49 years$462$257$136$69$35$22
50 years$447$246$128$64$31$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $458,000, adding $2,335 every year, while hoping to spend $37,298 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: 41/29/30 Blend
39$458,000$458,000$458,000$458,000
40$507,125$482,851$475,752$523,365
41$519,166$466,825$452,004$519,349
42$531,187$448,765$426,212$511,371
43$543,143$428,530$398,266$502,039
44$554,990$405,974$368,053$491,250
45$566,672$380,940$335,457$478,897
46$578,131$353,265$300,353$464,865
47$589,299$322,773$262,613$449,030
48$600,101$289,282$222,104$431,262
49$610,451$252,597$178,684$411,418
50$620,255$212,512$132,208$389,350
51$629,406$168,810$82,522$364,894
52$637,786$121,263$29,467$337,878
53$645,262$69,627$0$308,119
54$651,688$13,647$0$284,107
55$656,897$0$0$267,572
56$660,709$0$0$263,881
57$662,919$0$0$263,788
58$663,300$0$0$262,835
59$661,603$0$0$260,907
60$657,548$0$0$257,878
61$650,826$0$0$253,605
62$641,094$0$0$247,934
63$627,972$0$0$240,690
64$611,038$0$0$231,684
65$589,825$0$0$220,701
66$563,818$0$0$207,508
67$532,443$0$0$191,844
68$495,068$0$0$173,423
69$450,993$0$0$151,925
70$399,444$0$0$127,001
71$339,563$0$0$98,261
72$270,405$0$0$65,277
73$190,923$0$0$27,573
74$99,962$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$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