Can I retire at age 40 with 473,000?

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 $473,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$39,060$38,712$38,373$38,041$37,718$37,062
2 years$19,337$18,976$18,627$18,289$17,961$17,303
3 years$12,763$12,401$12,053$11,718$11,395$10,755
4 years$9,477$9,116$8,772$8,442$8,127$7,509
5 years$7,506$7,147$6,807$6,484$6,178$5,585
6 years$6,192$5,836$5,501$5,186$4,888$4,320
7 years$5,254$4,901$4,572$4,263$3,976$3,433
8 years$4,551$4,201$3,877$3,576$3,298$2,780
9 years$4,004$3,658$3,339$3,046$2,778$2,285
10 years$3,567$3,224$2,911$2,626$2,367$1,898
11 years$3,210$2,870$2,563$2,285$2,035$1,591
12 years$2,912$2,576$2,275$2,005$1,764$1,342
13 years$2,661$2,328$2,032$1,770$1,538$1,139
14 years$2,445$2,116$1,826$1,571$1,348$972
15 years$2,259$1,933$1,649$1,401$1,187$832
16 years$2,096$1,774$1,495$1,254$1,049$714
17 years$1,952$1,634$1,360$1,127$930$615
18 years$1,824$1,510$1,242$1,016$827$531
19 years$1,710$1,399$1,137$918$737$459
20 years$1,608$1,300$1,043$831$659$398
21 years$1,515$1,211$959$754$589$345
22 years$1,431$1,130$884$686$528$300
23 years$1,354$1,057$817$625$474$261
24 years$1,284$991$755$570$426$227
25 years$1,219$930$699$520$384$198
26 years$1,160$874$649$476$345$172
27 years$1,105$822$602$435$311$150
28 years$1,054$775$560$399$281$131
29 years$1,007$731$521$366$254$114
30 years$963$690$485$336$229$100
31 years$922$653$452$308$207$87
32 years$883$617$422$283$188$76
33 years$847$585$394$261$170$67
34 years$813$554$368$240$154$58
35 years$781$526$344$221$139$51
36 years$751$499$322$203$126$45
37 years$723$474$302$187$114$39
38 years$696$450$282$173$104$34
39 years$671$428$265$159$94$30
40 years$647$407$248$147$85$26
41 years$624$388$232$135$77$23
42 years$602$369$218$125$70$20
43 years$582$352$205$115$64$17
44 years$562$335$192$107$58$15
45 years$543$320$180$98$52$13
46 years$525$305$169$91$48$12
47 years$508$291$159$84$43$10
48 years$492$278$150$78$39$9
49 years$477$265$141$72$36$8
50 years$462$254$132$66$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $473,000, adding $6,090 every year, while hoping to spend $22,691 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: 42/34/24 Blend
39$473,000$473,000$473,000$473,000
40$527,528$502,459$495,127$545,755
41$557,193$502,936$487,571$559,836
42$589,123$502,677$479,001$572,448
43$623,525$501,620$469,360$585,655
44$660,628$499,702$458,586$599,526
45$700,680$496,855$446,617$614,136
46$743,956$493,009$433,386$629,570
47$790,759$488,085$418,823$645,924
48$841,419$482,004$402,857$663,305
49$896,302$474,681$385,411$681,831
50$955,809$466,024$366,405$701,637
51$1,020,379$455,937$345,758$722,872
52$1,090,499$444,319$323,382$745,703
53$1,166,702$431,062$299,187$770,315
54$1,249,573$416,052$273,078$796,916
55$1,339,759$399,168$244,956$825,738
56$1,437,971$380,283$214,717$857,037
57$1,544,988$359,262$182,255$891,102
58$1,661,673$335,962$147,457$928,251
59$1,788,971$310,231$110,204$968,839
60$1,927,924$281,910$70,373$1,013,261
61$2,079,679$250,831$27,838$1,061,957
62$2,245,500$216,815$0$1,115,414
63$2,426,775$179,673$0$1,178,669
64$2,625,036$139,207$0$1,255,728
65$2,841,967$95,206$0$1,340,159
66$3,079,425$47,448$0$1,432,742
67$3,339,452$0$0$1,534,337
68$3,624,298$0$0$1,647,509
69$3,936,442$0$0$1,791,037
70$4,278,612$0$0$1,948,434
71$4,653,814$0$0$2,121,088
72$5,065,358$0$0$2,310,531
73$5,516,890$0$0$2,518,450
74$6,012,427$0$0$2,746,702
75$6,556,393$0$0$2,997,335
76$7,153,660$0$0$3,272,601
77$7,809,596$0$0$3,574,985
78$8,530,115$0$0$3,907,223
79$9,321,732$0$0$4,272,327
80$10,191,622$0$0$4,673,620
81$11,147,691$0$0$5,114,757
82$12,198,650$0$0$5,599,771
83$13,354,095$0$0$6,133,100
84$14,624,597$0$0$6,719,636
85$16,021,804$0$0$7,364,770
86$17,558,550$0$0$8,074,438
87$19,248,974$0$0$8,855,184
88$21,108,653$0$0$9,714,217
89$23,154,752$0$0$10,659,479
90$25,406,184$0$0$11,699,721
91$27,883,786$0$0$12,844,587
92$30,610,517$0$0$14,104,701
93$33,611,676$0$0$15,491,771
94$36,915,139$0$0$17,018,696
95$40,551,619$0$0$18,699,691
96$44,554,961$0$0$20,550,417
97$48,962,457$0$0$22,588,134
98$53,815,199$0$0$24,831,857
99$59,158,465$0$0$27,302,541
100$65,042,150$0$0$30,023,277