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%19.1%
1 years$56,980$56,472$55,977$55,494$55,022$53,006
2 years$28,208$27,682$27,173$26,680$26,201$24,193
3 years$18,618$18,091$17,583$17,094$16,623$14,685
4 years$13,825$13,299$12,796$12,315$11,856$10,003
5 years$10,949$10,426$9,930$9,459$9,012$7,250
6 years$9,033$8,514$8,025$7,565$7,131$5,460
7 years$7,664$7,150$6,669$6,219$5,800$4,220
8 years$6,639$6,129$5,656$5,217$4,811$3,321
9 years$5,841$5,336$4,871$4,444$4,052$2,649
10 years$5,204$4,704$4,247$3,831$3,452$2,135
11 years$4,682$4,187$3,739$3,334$2,969$1,734
12 years$4,248$3,758$3,318$2,924$2,573$1,417
13 years$3,881$3,396$2,965$2,582$2,244$1,163
14 years$3,567$3,087$2,664$2,292$1,967$959
15 years$3,295$2,820$2,405$2,044$1,732$793
16 years$3,057$2,588$2,180$1,830$1,531$658
17 years$2,847$2,383$1,984$1,644$1,357$547
18 years$2,661$2,202$1,811$1,482$1,207$455
19 years$2,495$2,041$1,658$1,339$1,075$379
20 years$2,345$1,896$1,522$1,213$961$317
21 years$2,210$1,766$1,400$1,101$860$264
22 years$2,087$1,649$1,290$1,001$771$221
23 years$1,975$1,542$1,191$911$692$185
24 years$1,873$1,445$1,102$831$622$155
25 years$1,779$1,356$1,020$759$559$130
26 years$1,692$1,274$946$694$504$109
27 years$1,612$1,199$879$635$454$91
28 years$1,538$1,130$817$582$410$76
29 years$1,469$1,066$760$534$370$64
30 years$1,405$1,007$708$490$334$54
31 years$1,345$952$660$450$302$45
32 years$1,288$901$616$413$274$38
33 years$1,236$853$575$380$248$32
34 years$1,186$808$537$350$224$27
35 years$1,140$767$502$322$203$22
36 years$1,096$728$470$297$184$19
37 years$1,055$691$440$273$167$16
38 years$1,015$657$412$252$151$13
39 years$978$625$386$232$137$11
40 years$943$594$362$214$124$9
41 years$910$566$339$198$113$8
42 years$878$539$318$182$102$7
43 years$848$513$299$168$93$6
44 years$820$489$280$155$84$5
45 years$793$467$263$144$77$4
46 years$767$445$247$133$69$3
47 years$742$425$232$123$63$3
48 years$718$406$218$113$57$2
49 years$695$387$205$105$52$2
50 years$674$370$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $690,000, adding $6,793 every year, while hoping to spend $52,389 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: 64/25/11 Blend
39$690,000$690,000$690,000$690,000
40$767,387$730,817$720,122$814,177
41$789,919$710,886$688,505$826,343
42$812,993$688,222$654,072$832,902
43$836,610$662,636$616,675$838,744
44$860,768$633,928$576,157$843,799
45$885,462$601,887$532,354$847,989
46$910,688$566,288$485,097$851,233
47$936,436$526,894$434,205$853,443
48$962,695$483,455$379,494$854,523
49$989,452$435,706$320,769$854,373
50$1,016,687$383,366$257,826$852,883
51$1,044,379$326,141$190,453$849,935
52$1,072,502$263,718$118,429$845,405
53$1,101,023$195,766$41,522$839,158
54$1,129,905$121,937$0$831,047
55$1,159,106$41,863$0$825,679
56$1,188,575$0$0$823,635
57$1,218,254$0$0$832,227
58$1,248,076$0$0$852,410
59$1,277,965$0$0$872,613
60$1,307,834$0$0$892,775
61$1,337,585$0$0$912,824
62$1,367,105$0$0$932,682
63$1,396,268$0$0$952,258
64$1,424,932$0$0$971,450
65$1,452,937$0$0$990,145
66$1,480,102$0$0$1,008,215
67$1,506,225$0$0$1,025,516
68$1,531,081$0$0$1,041,886
69$1,554,414$0$0$1,057,148
70$1,575,944$0$0$1,071,099
71$1,595,353$0$0$1,083,516
72$1,612,290$0$0$1,094,149
73$1,626,363$0$0$1,102,721
74$1,637,133$0$0$1,108,921
75$1,644,116$0$0$1,112,406
76$1,646,771$0$0$1,112,793
77$1,644,498$0$0$1,109,657
78$1,636,631$0$0$1,102,528
79$1,622,429$0$0$1,090,882
80$1,601,073$0$0$1,074,138
81$1,571,653$0$0$1,051,654
82$1,533,161$0$0$1,022,718
83$1,484,481$0$0$986,539
84$1,424,376$0$0$942,244
85$1,351,478$0$0$888,867
86$1,264,271$0$0$825,336
87$1,161,079$0$0$750,468
88$1,040,050$0$0$662,953
89$899,132$0$0$561,343
90$736,060$0$0$444,039
91$548,330$0$0$309,271
92$333,172$0$0$155,084
93$87,529$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0