Can I retire at age 40 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$39,473$39,121$38,778$38,443$38,116$36,837
2 years$19,541$19,177$18,824$18,482$18,151$16,875
3 years$12,898$12,532$12,181$11,842$11,516$10,283
4 years$9,577$9,213$8,864$8,531$8,213$7,033
5 years$7,585$7,223$6,879$6,553$6,243$5,119
6 years$6,257$5,898$5,559$5,240$4,940$3,872
7 years$5,310$4,953$4,620$4,308$4,018$3,006
8 years$4,599$4,246$3,918$3,614$3,333$2,377
9 years$4,047$3,697$3,375$3,079$2,807$1,905
10 years$3,605$3,258$2,942$2,654$2,392$1,543
11 years$3,244$2,901$2,590$2,310$2,057$1,260
12 years$2,943$2,604$2,299$2,026$1,782$1,035
13 years$2,689$2,353$2,054$1,788$1,554$855
14 years$2,471$2,139$1,845$1,588$1,363$709
15 years$2,283$1,954$1,666$1,416$1,200$589
16 years$2,118$1,793$1,510$1,268$1,060$492
17 years$1,972$1,651$1,374$1,139$940$411
18 years$1,843$1,525$1,255$1,027$836$344
19 years$1,728$1,414$1,149$928$745$289
20 years$1,625$1,314$1,054$840$665$242
21 years$1,531$1,224$970$762$596$204
22 years$1,446$1,142$894$693$534$171
23 years$1,368$1,068$825$631$479$144
24 years$1,298$1,001$763$576$431$122
25 years$1,232$939$707$526$388$102
26 years$1,172$883$656$481$349$86
27 years$1,117$831$609$440$315$73
28 years$1,065$783$566$403$284$62
29 years$1,018$739$527$370$256$52
30 years$973$698$491$339$232$44
31 years$931$659$457$312$209$37
32 years$893$624$427$286$190$31
33 years$856$591$398$263$172$26
34 years$822$560$372$242$155$22
35 years$790$531$348$223$141$19
36 years$759$504$326$205$127$16
37 years$731$479$305$189$115$13
38 years$703$455$285$174$105$11
39 years$678$433$267$161$95$10
40 years$654$412$251$148$86$8
41 years$630$392$235$137$78$7
42 years$609$373$220$126$71$6
43 years$588$356$207$117$64$5
44 years$568$339$194$108$58$4
45 years$549$323$182$99$53$4
46 years$531$308$171$92$48$3
47 years$514$294$161$85$44$3
48 years$497$281$151$78$40$2
49 years$482$268$142$72$36$2
50 years$467$256$134$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $478,000, adding $2,764 every year, while hoping to spend $29,371 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: 59/13/28 Blend
39$478,000$478,000$478,000$478,000
40$529,607$504,273$496,864$556,674
41$552,376$497,732$482,258$568,949
42$576,484$489,886$466,179$578,975
43$602,035$480,640$448,546$589,301
44$629,145$469,894$429,275$599,965
45$657,940$457,540$408,277$611,007
46$688,557$443,467$385,462$622,477
47$721,148$427,555$360,733$634,429
48$755,877$409,678$333,990$646,922
49$792,926$389,701$305,128$660,027
50$832,492$367,484$274,037$673,821
51$874,792$342,877$240,604$688,392
52$920,065$315,722$204,708$703,839
53$968,571$285,852$166,225$720,272
54$1,020,596$253,090$125,024$737,816
55$1,076,455$217,249$80,971$756,610
56$1,136,492$178,132$33,921$776,811
57$1,201,085$135,532$0$798,592
58$1,270,649$89,227$0$827,017
59$1,345,641$38,985$0$868,568
60$1,426,563$0$0$913,392
61$1,513,963$0$0$964,021
62$1,608,448$0$0$1,024,813
63$1,710,683$0$0$1,090,623
64$1,821,397$0$0$1,161,926
65$1,941,396$0$0$1,239,245
66$2,071,563$0$0$1,323,151
67$2,212,869$0$0$1,414,278
68$2,366,383$0$0$1,513,319
69$2,533,282$0$0$1,621,037
70$2,714,858$0$0$1,738,274
71$2,912,535$0$0$1,865,953
72$3,127,880$0$0$2,005,093
73$3,362,615$0$0$2,156,812
74$3,618,637$0$0$2,322,344
75$3,898,034$0$0$2,503,044
76$4,203,104$0$0$2,700,406
77$4,536,377$0$0$2,916,073
78$4,900,636$0$0$3,151,856
79$5,298,950$0$0$3,409,746
80$5,734,692$0$0$3,691,938
81$6,211,580$0$0$4,000,847
82$6,733,707$0$0$4,339,133
83$7,305,580$0$0$4,709,725
84$7,932,163$0$0$5,115,850
85$8,618,922$0$0$5,561,060
86$9,371,877$0$0$6,049,269
87$10,197,659$0$0$6,584,785
88$11,103,572$0$0$7,172,357
89$12,097,658$0$0$7,817,213
90$13,188,779$0$0$8,525,112
91$14,386,695$0$0$9,302,399
92$15,702,158$0$0$10,156,063
93$17,147,010$0$0$11,093,802
94$18,734,299$0$0$12,124,098
95$20,478,397$0$0$13,256,295
96$22,395,140$0$0$14,500,684
97$24,501,970$0$0$15,868,607
98$26,818,107$0$0$17,372,557
99$29,364,723$0$0$19,026,299
100$32,165,146$0$0$20,844,997