Can I retire at age 40 with 688,000?

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 $688,000?

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$56,814$56,308$55,815$55,333$54,862$53,427
2 years$28,126$27,602$27,094$26,602$26,125$24,689
3 years$18,564$18,038$17,532$17,044$16,575$15,183
4 years$13,785$13,260$12,759$12,279$11,821$10,484
5 years$10,917$10,396$9,901$9,432$8,986$7,708
6 years$9,007$8,489$8,002$7,543$7,111$5,892
7 years$7,642$7,129$6,649$6,201$5,783$4,623
8 years$6,619$6,111$5,639$5,202$4,797$3,697
9 years$5,824$5,321$4,857$4,431$4,040$2,998
10 years$5,189$4,690$4,235$3,820$3,442$2,457
11 years$4,669$4,175$3,728$3,324$2,961$2,031
12 years$4,236$3,747$3,309$2,916$2,566$1,689
13 years$3,870$3,387$2,956$2,574$2,237$1,413
14 years$3,557$3,078$2,656$2,285$1,961$1,187
15 years$3,285$2,812$2,398$2,038$1,727$1,001
16 years$3,048$2,580$2,174$1,825$1,526$846
17 years$2,839$2,376$1,978$1,639$1,353$717
18 years$2,653$2,196$1,806$1,477$1,203$609
19 years$2,487$2,035$1,653$1,335$1,072$518
20 years$2,338$1,891$1,517$1,209$958$441
21 years$2,204$1,761$1,396$1,097$857$377
22 years$2,081$1,644$1,286$998$768$322
23 years$1,970$1,538$1,188$909$690$275
24 years$1,868$1,441$1,098$829$620$235
25 years$1,774$1,352$1,017$757$558$201
26 years$1,687$1,271$944$692$502$172
27 years$1,607$1,196$876$633$453$148
28 years$1,533$1,127$814$580$409$127
29 years$1,465$1,063$758$532$369$108
30 years$1,400$1,004$706$488$334$93
31 years$1,341$949$658$449$302$80
32 years$1,285$898$614$412$273$68
33 years$1,232$850$573$379$247$59
34 years$1,183$806$536$349$223$50
35 years$1,136$765$501$321$202$43
36 years$1,093$726$469$296$183$37
37 years$1,051$689$439$272$166$32
38 years$1,012$655$411$251$151$27
39 years$976$623$385$232$137$24
40 years$941$593$361$214$124$20
41 years$907$564$338$197$112$17
42 years$876$537$317$182$102$15
43 years$846$512$298$168$93$13
44 years$817$488$279$155$84$11
45 years$790$465$262$143$76$9
46 years$764$444$246$132$69$8
47 years$740$424$232$122$63$7
48 years$716$404$218$113$57$6
49 years$693$386$204$104$52$5
50 years$672$369$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 $688,000, adding $5,392 every year, while hoping to spend $36,746 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: 82/7/11 Blend
39$688,000$688,000$688,000$688,000
40$763,738$727,274$716,610$824,511
41$802,542$723,813$701,519$861,659
42$844,072$718,951$684,691$897,029
43$888,568$712,580$666,028$934,763
44$936,292$704,586$645,431$975,079
45$987,532$694,850$622,791$1,018,215
46$1,042,605$683,242$597,999$1,064,437
47$1,101,857$669,627$570,938$1,114,034
48$1,165,669$653,861$541,487$1,167,326
49$1,234,460$635,793$509,520$1,224,666
50$1,308,689$615,261$474,903$1,286,442
51$1,388,861$592,095$437,498$1,353,083
52$1,475,532$566,114$397,161$1,425,061
53$1,569,310$537,128$353,740$1,502,896
54$1,670,867$504,935$307,078$1,587,160
55$1,780,940$469,321$257,009$1,678,487
56$1,900,339$430,061$203,362$1,777,571
57$2,029,956$386,916$145,957$1,885,182
58$2,170,771$339,634$84,606$2,002,164
59$2,323,862$287,949$19,113$2,129,452
60$2,490,416$231,578$0$2,268,074
61$2,671,739$170,226$0$2,425,123
62$2,869,266$103,577$0$2,598,670
63$3,084,579$31,301$0$2,787,874
64$3,319,418$0$0$2,994,281
65$3,575,696$0$0$3,223,212
66$3,855,523$0$0$3,475,824
67$4,161,218$0$0$3,751,805
68$4,495,335$0$0$4,053,460
69$4,860,686$0$0$4,383,333
70$5,260,369$0$0$4,744,219
71$5,697,792$0$0$5,139,200
72$6,176,710$0$0$5,571,668
73$6,701,256$0$0$6,045,359
74$7,275,983$0$0$6,564,385
75$7,905,904$0$0$7,133,277
76$8,596,543$0$0$7,757,025
77$9,353,981$0$0$8,441,125
78$10,184,915$0$0$9,191,628
79$11,096,725$0$0$10,015,202
80$12,097,538$0$0$10,919,190
81$13,196,305$0$0$11,911,683
82$14,402,888$0$0$13,001,589
83$15,728,150$0$0$14,198,726
84$17,184,058$0$0$15,513,906
85$18,783,796$0$0$16,959,043
86$20,541,886$0$0$18,547,259
87$22,474,329$0$0$20,293,012
88$24,598,752$0$0$22,212,232
89$26,934,575$0$0$24,322,465
90$29,503,195$0$0$26,643,047
91$32,328,185$0$0$29,195,279
92$35,435,517$0$0$32,002,629
93$38,853,808$0$0$35,090,956
94$42,614,586$0$0$38,488,750
95$46,752,591$0$0$42,227,403
96$51,306,099$0$0$46,341,501
97$56,317,284$0$0$50,869,155
98$61,832,615$0$0$55,852,355
99$67,903,296$0$0$61,337,370
100$74,585,745$0$0$67,375,181