Can I retire at age 40 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$56,980$56,472$55,977$55,494$55,022$53,867
2 years$28,208$27,682$27,173$26,680$26,201$25,043
3 years$18,618$18,091$17,583$17,094$16,623$15,498
4 years$13,825$13,299$12,796$12,315$11,856$10,772
5 years$10,949$10,426$9,930$9,459$9,012$7,973
6 years$9,033$8,514$8,025$7,565$7,131$6,138
7 years$7,664$7,150$6,669$6,219$5,800$4,852
8 years$6,639$6,129$5,656$5,217$4,811$3,910
9 years$5,841$5,336$4,871$4,444$4,052$3,195
10 years$5,204$4,704$4,247$3,831$3,452$2,640
11 years$4,682$4,187$3,739$3,334$2,969$2,200
12 years$4,248$3,758$3,318$2,924$2,573$1,846
13 years$3,881$3,396$2,965$2,582$2,244$1,557
14 years$3,567$3,087$2,664$2,292$1,967$1,320
15 years$3,295$2,820$2,405$2,044$1,732$1,123
16 years$3,057$2,588$2,180$1,830$1,531$958
17 years$2,847$2,383$1,984$1,644$1,357$820
18 years$2,661$2,202$1,811$1,482$1,207$703
19 years$2,495$2,041$1,658$1,339$1,075$604
20 years$2,345$1,896$1,522$1,213$961$520
21 years$2,210$1,766$1,400$1,101$860$448
22 years$2,087$1,649$1,290$1,001$771$386
23 years$1,975$1,542$1,191$911$692$333
24 years$1,873$1,445$1,102$831$622$288
25 years$1,779$1,356$1,020$759$559$249
26 years$1,692$1,274$946$694$504$216
27 years$1,612$1,199$879$635$454$187
28 years$1,538$1,130$817$582$410$162
29 years$1,469$1,066$760$534$370$140
30 years$1,405$1,007$708$490$334$121
31 years$1,345$952$660$450$302$105
32 years$1,288$901$616$413$274$91
33 years$1,236$853$575$380$248$79
34 years$1,186$808$537$350$224$69
35 years$1,140$767$502$322$203$60
36 years$1,096$728$470$297$184$52
37 years$1,055$691$440$273$167$45
38 years$1,015$657$412$252$151$39
39 years$978$625$386$232$137$34
40 years$943$594$362$214$124$29
41 years$910$566$339$198$113$26
42 years$878$539$318$182$102$22
43 years$848$513$299$168$93$19
44 years$820$489$280$155$84$17
45 years$793$467$263$144$77$15
46 years$767$445$247$133$69$13
47 years$742$425$232$123$63$11
48 years$718$406$218$113$57$10
49 years$695$387$205$105$52$8
50 years$674$370$193$97$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $690,000, adding $4,964 every year, while hoping to spend $20,516 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: 33/50/17 Blend
39$690,000$690,000$690,000$690,000
40$765,500$728,930$718,235$786,569
41$821,753$742,819$720,467$816,424
42$883,055$756,701$722,087$846,326
43$949,901$770,553$723,051$878,116
44$1,022,833$784,353$723,316$911,969
45$1,102,450$798,074$722,835$948,083
46$1,189,410$811,690$721,559$986,674
47$1,284,436$825,169$719,438$1,027,980
48$1,388,327$838,481$716,418$1,072,265
49$1,501,960$851,590$712,442$1,119,821
50$1,626,303$864,461$707,451$1,170,969
51$1,762,420$877,053$701,385$1,226,067
52$1,911,483$889,325$694,177$1,285,505
53$2,074,783$901,231$685,761$1,349,718
54$2,253,742$912,723$676,065$1,419,186
55$2,449,926$923,748$665,016$1,494,438
56$2,665,059$934,253$652,535$1,576,058
57$2,901,041$944,177$638,540$1,664,691
58$3,159,964$953,458$622,948$1,761,052
59$3,444,132$962,029$605,668$1,865,926
60$3,756,083$969,819$586,608$1,980,184
61$4,098,614$976,750$565,670$2,104,785
62$4,474,804$982,742$542,751$2,240,788
63$4,888,047$987,710$517,746$2,389,364
64$5,342,080$991,560$490,543$2,551,805
65$5,841,022$994,196$461,026$2,729,536
66$6,389,408$995,513$429,072$2,924,131
67$6,992,236$995,402$394,555$3,137,328
68$7,655,013$993,745$357,341$3,371,045
69$8,383,804$990,419$317,292$3,627,397
70$9,185,294$985,291$274,263$3,908,722
71$10,066,845$978,221$228,102$4,217,597
72$11,036,571$969,062$178,651$4,556,866
73$12,103,411$957,655$125,745$4,929,670
74$13,277,213$943,835$69,212$5,339,472
75$14,568,829$927,423$8,871$5,790,094
76$15,990,217$908,234$0$6,285,753
77$17,554,550$886,069$0$6,841,174
78$19,276,345$860,717$0$7,453,791
79$21,171,597$831,957$0$8,127,691
80$23,257,930$799,553$0$8,869,161
81$25,554,765$763,257$0$9,685,133
82$28,083,499$722,804$0$10,583,249
83$30,867,711$677,917$0$11,571,938
84$33,933,384$628,301$0$12,660,494
85$37,309,146$573,645$0$13,859,165
86$41,026,544$513,619$0$15,179,249
87$45,120,341$447,875$0$16,633,206
88$49,628,841$376,047$0$18,234,773
89$54,594,254$297,744$0$19,999,095
90$60,063,093$212,559$0$21,942,872
91$66,086,610$120,056$0$24,084,515
92$72,721,284$19,778$0$26,444,323
93$80,029,351$0$0$29,044,674
94$88,079,391$0$0$31,959,074
95$96,946,977$0$0$35,181,597
96$106,715,387$0$0$38,731,641
97$117,476,388$0$0$42,642,578
98$129,331,107$0$0$46,951,180
99$142,390,980$0$0$51,697,970
100$156,778,804$0$0$56,927,602