Can I retire at age 40 with 689,000?

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 $689,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$56,897$56,390$55,896$55,413$54,942$53,226
2 years$28,167$27,642$27,134$26,641$26,163$24,449
3 years$18,591$18,065$17,557$17,069$16,599$14,941
4 years$13,805$13,279$12,777$12,297$11,838$10,250
5 years$10,933$10,411$9,916$9,446$8,999$7,484
6 years$9,020$8,501$8,013$7,554$7,121$5,680
7 years$7,653$7,140$6,659$6,210$5,791$4,425
8 years$6,629$6,120$5,647$5,210$4,804$3,511
9 years$5,833$5,328$4,864$4,437$4,046$2,825
10 years$5,196$4,697$4,241$3,825$3,447$2,297
11 years$4,676$4,181$3,733$3,329$2,965$1,882
12 years$4,242$3,753$3,313$2,920$2,569$1,552
13 years$3,876$3,392$2,960$2,578$2,240$1,287
14 years$3,562$3,083$2,660$2,288$1,964$1,072
15 years$3,290$2,816$2,401$2,041$1,729$895
16 years$3,053$2,584$2,177$1,827$1,528$750
17 years$2,843$2,380$1,981$1,642$1,355$629
18 years$2,657$2,199$1,809$1,480$1,205$530
19 years$2,491$2,038$1,656$1,337$1,074$446
20 years$2,342$1,894$1,519$1,211$959$376
21 years$2,207$1,764$1,398$1,099$858$318
22 years$2,084$1,647$1,288$999$769$269
23 years$1,973$1,540$1,189$910$691$227
24 years$1,870$1,443$1,100$830$621$192
25 years$1,776$1,354$1,019$758$559$163
26 years$1,690$1,273$945$693$503$138
27 years$1,610$1,198$877$634$454$117
28 years$1,536$1,129$816$581$409$99
29 years$1,467$1,065$759$533$370$84
30 years$1,403$1,005$707$489$334$71
31 years$1,343$950$659$449$302$61
32 years$1,286$899$615$413$273$51
33 years$1,234$852$574$380$247$44
34 years$1,185$807$537$349$224$37
35 years$1,138$766$502$322$203$32
36 years$1,094$727$469$296$184$27
37 years$1,053$690$439$273$166$23
38 years$1,014$656$411$252$151$19
39 years$977$624$385$232$137$16
40 years$942$593$361$214$124$14
41 years$909$565$339$197$113$12
42 years$877$538$318$182$102$10
43 years$847$513$298$168$93$9
44 years$819$489$280$155$84$7
45 years$791$466$263$143$76$6
46 years$765$444$247$132$69$5
47 years$741$424$232$122$63$4
48 years$717$405$218$113$57$4
49 years$694$387$205$104$52$3
50 years$673$369$193$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $689,000, adding $6,894 every year, while hoping to spend $23,172 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: 49/41/10 Blend
39$689,000$689,000$689,000$689,000
40$766,389$729,872$719,193$801,552
41$819,906$740,981$718,631$837,502
42$878,105$751,858$717,273$873,523
43$941,439$762,466$715,070$912,116
44$1,010,407$772,768$711,966$953,528
45$1,085,557$782,723$707,905$998,032
46$1,167,494$792,286$702,830$1,045,929
47$1,256,881$801,410$696,677$1,097,551
48$1,354,450$810,046$689,383$1,153,266
49$1,461,006$818,141$680,879$1,213,477
50$1,577,436$825,637$671,096$1,278,633
51$1,704,714$832,473$659,958$1,349,225
52$1,843,916$838,586$647,388$1,425,799
53$1,996,225$843,905$633,304$1,508,955
54$2,162,942$848,359$617,622$1,599,356
55$2,345,502$851,868$600,252$1,697,734
56$2,545,484$854,351$581,101$1,804,897
57$2,764,627$855,718$560,072$1,921,736
58$3,004,848$855,877$537,063$2,049,234
59$3,268,255$854,728$511,968$2,188,477
60$3,557,173$852,165$484,674$2,340,664
61$3,874,160$848,076$455,066$2,507,115
62$4,222,036$842,344$423,023$2,689,290
63$4,603,905$834,840$388,416$2,888,797
64$5,023,189$825,433$351,113$3,107,413
65$5,483,654$813,980$310,976$3,347,098
66$5,989,453$800,330$267,859$3,610,012
67$6,545,156$784,326$221,612$3,898,542
68$7,155,802$765,797$172,076$4,215,318
69$7,826,939$744,567$119,086$4,563,243
70$8,564,682$720,446$62,470$4,945,519
71$9,375,765$693,233$2,048$5,365,680
72$10,267,610$662,718$0$5,827,621
73$11,248,392$628,677$0$6,342,303
74$12,327,118$590,872$0$6,908,472
75$13,513,712$549,054$0$7,531,159
76$14,819,111$502,957$0$8,216,155
77$16,255,360$452,302$0$8,969,846
78$17,835,735$396,793$0$9,799,272
79$19,574,862$336,117$0$10,712,196
80$21,488,855$269,945$0$11,717,179
81$23,595,473$197,927$0$12,823,658
82$25,914,281$119,694$0$14,042,041
83$28,466,837$34,859$0$15,383,800
84$31,276,896$0$0$16,861,587
85$34,370,635$0$0$18,515,062
86$37,776,895$0$0$20,352,975
87$41,527,459$0$0$22,376,762
88$45,657,345$0$0$24,605,330
89$50,205,143$0$0$27,059,515
90$55,213,375$0$0$29,762,278
91$60,728,897$0$0$32,738,916
92$66,803,341$0$0$36,017,310
93$73,493,601$0$0$39,628,179
94$80,862,372$0$0$43,605,376
95$88,978,738$0$0$47,986,203
96$97,918,829$0$0$52,811,766
97$107,766,533$0$0$58,127,362
98$118,614,293$0$0$63,982,906
99$130,563,974$0$0$70,433,403
100$143,727,830$0$0$77,539,463