Can I retire at age 40 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$38,812$38,466$38,129$37,800$37,478$36,149
2 years$19,214$18,856$18,509$18,173$17,847$16,521
3 years$12,682$12,323$11,977$11,644$11,323$10,043
4 years$9,417$9,058$8,716$8,389$8,076$6,852
5 years$7,458$7,102$6,764$6,443$6,139$4,974
6 years$6,153$5,799$5,466$5,153$4,857$3,752
7 years$5,221$4,870$4,543$4,236$3,950$2,905
8 years$4,522$4,175$3,852$3,554$3,277$2,290
9 years$3,979$3,635$3,318$3,027$2,760$1,830
10 years$3,545$3,204$2,893$2,609$2,352$1,477
11 years$3,190$2,852$2,547$2,271$2,022$1,202
12 years$2,894$2,560$2,260$1,992$1,753$984
13 years$2,644$2,314$2,019$1,759$1,528$810
14 years$2,430$2,103$1,814$1,561$1,340$669
15 years$2,244$1,921$1,638$1,392$1,180$555
16 years$2,082$1,763$1,485$1,247$1,043$461
17 years$1,939$1,623$1,351$1,120$924$384
18 years$1,813$1,500$1,234$1,009$822$320
19 years$1,699$1,390$1,129$912$733$268
20 years$1,597$1,292$1,037$826$654$224
21 years$1,505$1,203$953$750$586$187
22 years$1,422$1,123$879$682$525$157
23 years$1,346$1,050$811$621$471$132
24 years$1,276$984$750$566$423$111
25 years$1,212$924$695$517$381$93
26 years$1,153$868$645$473$343$78
27 years$1,098$817$599$433$309$66
28 years$1,048$770$556$396$279$55
29 years$1,001$726$518$364$252$46
30 years$957$686$482$334$228$39
31 years$916$648$450$306$206$33
32 years$878$613$420$282$186$28
33 years$842$581$392$259$169$23
34 years$808$551$366$238$153$19
35 years$776$522$342$219$138$16
36 years$746$496$320$202$125$14
37 years$718$471$300$186$114$12
38 years$692$447$281$172$103$10
39 years$666$425$263$158$93$8
40 years$643$405$246$146$85$7
41 years$620$385$231$135$77$6
42 years$598$367$217$124$70$5
43 years$578$350$203$115$63$4
44 years$558$333$191$106$57$3
45 years$540$318$179$98$52$3
46 years$522$303$168$90$47$2
47 years$505$289$158$83$43$2
48 years$489$276$149$77$39$2
49 years$474$264$140$71$35$1
50 years$459$252$131$66$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $470,000, adding $5,547 every year, while hoping to spend $31,184 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: 61/34/5 Blend
39$470,000$470,000$470,000$470,000
40$523,662$498,752$491,467$554,836
41$543,896$490,011$474,751$567,590
42$565,148$479,797$456,431$577,371
43$587,491$468,004$436,418$587,237
44$611,000$454,522$414,624$597,195
45$635,760$439,231$390,952$607,255
46$661,863$422,009$365,304$617,429
47$689,407$402,721$337,576$627,731
48$718,502$381,230$307,660$638,180
49$749,266$357,388$275,444$648,797
50$781,829$331,037$240,808$659,606
51$816,331$302,014$203,631$670,638
52$852,928$270,143$163,784$681,927
53$891,787$235,241$121,131$693,515
54$933,093$197,111$75,533$705,449
55$977,049$155,550$26,843$717,783
56$1,023,874$110,338$0$730,582
57$1,073,812$61,247$0$745,256
58$1,127,126$8,034$0$762,166
59$1,184,108$0$0$779,981
60$1,245,076$0$0$817,360
61$1,310,378$0$0$860,639
62$1,380,397$0$0$907,071
63$1,455,554$0$0$956,936
64$1,536,309$0$0$1,010,543
65$1,623,168$0$0$1,068,232
66$1,716,686$0$0$1,130,376
67$1,817,474$0$0$1,197,384
68$1,926,202$0$0$1,269,706
69$2,043,605$0$0$1,347,835
70$2,170,493$0$0$1,432,315
71$2,307,754$0$0$1,523,742
72$2,456,365$0$0$1,622,773
73$2,617,401$0$0$1,730,129
74$2,792,044$0$0$1,846,603
75$2,981,591$0$0$1,973,067
76$3,187,472$0$0$2,110,481
77$3,411,259$0$0$2,259,900
78$3,654,679$0$0$2,422,486
79$3,919,636$0$0$2,599,516
80$4,208,222$0$0$2,792,396
81$4,522,741$0$0$3,002,674
82$4,865,726$0$0$3,232,051
83$5,239,969$0$0$3,482,403
84$5,648,540$0$0$3,755,792
85$6,094,819$0$0$4,054,489
86$6,582,527$0$0$4,380,996
87$7,115,761$0$0$4,738,063
88$7,699,033$0$0$5,128,724
89$8,337,309$0$0$5,556,314
90$9,036,057$0$0$6,024,508
91$9,801,301$0$0$6,537,354
92$10,639,671$0$0$7,099,309
93$11,558,473$0$0$7,715,280
94$12,565,750$0$0$8,390,672
95$13,670,360$0$0$9,131,441
96$14,882,062$0$0$9,944,143
97$16,211,604$0$0$10,836,001
98$17,670,823$0$0$11,814,972
99$19,272,760$0$0$12,889,819
100$21,031,779$0$0$14,070,197