Can I retire at age 40 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$37,986$37,648$37,318$36,996$36,681$36,419
2 years$18,805$18,455$18,115$17,786$17,467$17,203
3 years$12,412$12,060$11,722$11,396$11,082$10,824
4 years$9,216$8,866$8,531$8,210$7,904$7,654
5 years$7,299$6,951$6,620$6,306$6,008$5,767
6 years$6,022$5,676$5,350$5,043$4,754$4,522
7 years$5,110$4,767$4,446$4,146$3,866$3,643
8 years$4,426$4,086$3,770$3,478$3,208$2,994
9 years$3,894$3,557$3,247$2,963$2,701$2,496
10 years$3,469$3,136$2,831$2,554$2,302$2,106
11 years$3,122$2,792$2,493$2,223$1,979$1,792
12 years$2,832$2,506$2,212$1,949$1,715$1,537
13 years$2,588$2,264$1,976$1,721$1,496$1,326
14 years$2,378$2,058$1,776$1,528$1,311$1,149
15 years$2,197$1,880$1,603$1,363$1,154$1,001
16 years$2,038$1,725$1,454$1,220$1,020$874
17 years$1,898$1,589$1,323$1,096$905$766
18 years$1,774$1,468$1,207$988$804$673
19 years$1,663$1,361$1,105$893$717$593
20 years$1,563$1,264$1,014$808$640$523
21 years$1,473$1,178$933$734$573$463
22 years$1,391$1,099$860$667$514$409
23 years$1,317$1,028$794$608$461$363
24 years$1,249$963$734$554$414$322
25 years$1,186$904$680$506$373$286
26 years$1,128$850$631$463$336$254
27 years$1,075$800$586$424$303$226
28 years$1,025$753$545$388$273$201
29 years$979$711$507$356$247$179
30 years$936$671$472$327$223$160
31 years$896$635$440$300$202$143
32 years$859$600$411$276$182$127
33 years$824$569$383$253$165$114
34 years$791$539$358$233$149$101
35 years$760$511$335$215$135$91
36 years$731$485$313$198$123$81
37 years$703$461$293$182$111$72
38 years$677$438$275$168$101$65
39 years$652$416$257$155$91$58
40 years$629$396$241$143$83$52
41 years$607$377$226$132$75$46
42 years$586$359$212$122$68$41
43 years$566$342$199$112$62$37
44 years$547$326$187$104$56$33
45 years$528$311$175$96$51$30
46 years$511$297$165$88$46$26
47 years$495$283$155$82$42$24
48 years$479$270$145$75$38$21
49 years$464$258$137$70$35$19
50 years$449$247$129$64$32$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $460,000, adding $3,726 every year, while hoping to spend $47,860 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: 68/21/11 Blend
39$460,000$460,000$460,000$460,000
40$510,763$486,383$479,253$544,055
41$511,939$459,293$444,386$539,568
42$511,630$429,272$406,746$528,577
43$509,634$396,125$366,191$515,308
44$505,729$359,647$322,570$499,529
45$499,665$319,621$275,727$480,989
46$491,166$275,818$225,500$459,412
47$479,928$227,996$171,717$434,497
48$465,611$175,898$114,199$405,914
49$447,840$119,254$52,762$373,301
50$426,202$57,779$0$336,263
51$400,235$0$0$295,868
52$369,433$0$0$258,886
53$333,232$0$0$231,193
54$291,012$0$0$198,972
55$242,085$0$0$161,706
56$185,691$0$0$118,826
57$120,990$0$0$69,702
58$47,056$0$0$13,638
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$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