Can I retire at age 40 with 687,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$56,732$56,226$55,733$55,252$54,782$53,350
2 years$28,085$27,562$27,055$26,564$26,087$24,653
3 years$18,537$18,012$17,506$17,020$16,551$15,161
4 years$13,764$13,241$12,740$12,262$11,804$10,469
5 years$10,901$10,381$9,887$9,418$8,973$7,696
6 years$8,993$8,477$7,990$7,532$7,100$5,883
7 years$7,631$7,119$6,640$6,192$5,774$4,617
8 years$6,610$6,102$5,631$5,195$4,790$3,692
9 years$5,816$5,313$4,850$4,425$4,034$2,994
10 years$5,181$4,683$4,228$3,814$3,437$2,454
11 years$4,662$4,169$3,723$3,319$2,956$2,028
12 years$4,230$3,742$3,304$2,912$2,562$1,687
13 years$3,864$3,382$2,952$2,570$2,234$1,411
14 years$3,552$3,074$2,652$2,282$1,958$1,185
15 years$3,281$2,808$2,394$2,035$1,724$999
16 years$3,044$2,576$2,171$1,822$1,524$845
17 years$2,835$2,373$1,975$1,637$1,351$716
18 years$2,649$2,192$1,803$1,475$1,201$608
19 years$2,484$2,032$1,651$1,333$1,071$517
20 years$2,335$1,888$1,515$1,207$956$441
21 years$2,200$1,759$1,394$1,096$856$376
22 years$2,078$1,642$1,284$996$767$321
23 years$1,967$1,535$1,186$907$689$274
24 years$1,865$1,439$1,097$828$619$235
25 years$1,771$1,350$1,016$756$557$201
26 years$1,685$1,269$942$691$502$172
27 years$1,605$1,194$875$633$452$147
28 years$1,531$1,125$813$580$408$126
29 years$1,462$1,062$757$531$369$108
30 years$1,398$1,003$705$488$333$93
31 years$1,339$948$657$448$301$80
32 years$1,283$897$613$412$272$68
33 years$1,230$849$573$379$246$59
34 years$1,181$805$535$348$223$50
35 years$1,135$763$500$321$202$43
36 years$1,091$725$468$295$183$37
37 years$1,050$688$438$272$166$32
38 years$1,011$654$410$251$150$27
39 years$974$622$384$231$136$23
40 years$939$592$360$213$124$20
41 years$906$563$338$197$112$17
42 years$875$536$317$182$102$15
43 years$845$511$297$168$92$13
44 years$816$487$279$155$84$11
45 years$789$465$262$143$76$9
46 years$763$443$246$132$69$8
47 years$739$423$231$122$63$7
48 years$715$404$217$113$57$6
49 years$692$386$204$104$52$5
50 years$671$368$192$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $687,000, adding $3,827 every year, while hoping to spend $38,714 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: 40/34/26 Blend
39$687,000$687,000$687,000$687,000
40$761,022$724,611$713,962$785,485
41$797,454$718,925$696,688$797,862
42$836,306$711,663$677,539$807,338
43$877,782$702,708$656,409$816,838
44$922,107$691,932$633,191$826,386
45$969,531$679,205$607,770$836,014
46$1,020,322$664,385$580,030$845,760
47$1,074,779$647,324$549,845$855,669
48$1,133,227$627,864$517,086$865,793
49$1,196,025$605,839$481,617$876,195
50$1,263,566$581,071$443,297$886,946
51$1,336,280$553,374$401,979$898,131
52$1,414,642$522,551$357,506$909,846
53$1,499,172$488,392$309,719$922,204
54$1,590,441$450,677$258,448$935,332
55$1,689,078$409,172$203,518$949,376
56$1,795,773$363,630$144,745$964,504
57$1,911,285$313,791$81,937$980,905
58$2,036,447$259,378$14,893$998,796
59$2,172,178$200,101$0$1,018,420
60$2,319,486$135,652$0$1,055,771
61$2,479,480$65,705$0$1,100,876
62$2,653,381$0$0$1,150,013
63$2,842,531$0$0$1,207,416
64$3,048,408$0$0$1,296,731
65$3,272,635$0$0$1,394,090
66$3,517,003$0$0$1,500,279
67$3,783,479$0$0$1,616,167
68$4,074,229$0$0$1,742,704
69$4,391,638$0$0$1,880,942
70$4,738,331$0$0$2,032,035
71$5,117,196$0$0$2,197,255
72$5,531,416$0$0$2,378,003
73$5,984,493$0$0$2,575,822
74$6,480,283$0$0$2,792,409
75$7,023,033$0$0$3,029,634
76$7,617,419$0$0$3,289,557
77$8,268,591$0$0$3,574,445
78$8,982,219$0$0$3,886,796
79$9,764,550$0$0$4,229,361
80$10,622,461$0$0$4,605,171
81$11,563,531$0$0$5,017,562
82$12,596,103$0$0$5,470,211
83$13,729,370$0$0$5,967,168
84$14,973,457$0$0$6,512,892
85$16,339,517$0$0$7,112,298
86$17,839,836$0$0$7,770,799
87$19,487,950$0$0$8,494,357
88$21,298,766$0$0$9,289,544
89$23,288,712$0$0$10,163,595
90$25,475,883$0$0$11,124,485
91$27,880,215$0$0$12,180,997
92$30,523,671$0$0$13,342,812
93$33,430,449$0$0$14,620,591
94$36,627,210$0$0$16,026,083
95$40,143,326$0$0$17,572,233
96$44,011,160$0$0$19,273,301
97$48,266,369$0$0$21,145,003
98$52,948,242$0$0$23,204,651
99$58,100,064$0$0$25,471,324
100$63,769,532$0$0$27,966,041