Can I retire at age 40 with 690,000?

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 $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%17.3%
1 years$56,980$56,472$55,977$55,494$55,022$53,389
2 years$28,208$27,682$27,173$26,680$26,201$24,569
3 years$18,618$18,091$17,583$17,094$16,623$15,044
4 years$13,825$13,299$12,796$12,315$11,856$10,341
5 years$10,949$10,426$9,930$9,459$9,012$7,566
6 years$9,033$8,514$8,025$7,565$7,131$5,755
7 years$7,664$7,150$6,669$6,219$5,800$4,493
8 years$6,639$6,129$5,656$5,217$4,811$3,574
9 years$5,841$5,336$4,871$4,444$4,052$2,883
10 years$5,204$4,704$4,247$3,831$3,452$2,349
11 years$4,682$4,187$3,739$3,334$2,969$1,930
12 years$4,248$3,758$3,318$2,924$2,573$1,596
13 years$3,881$3,396$2,965$2,582$2,244$1,327
14 years$3,567$3,087$2,664$2,292$1,967$1,108
15 years$3,295$2,820$2,405$2,044$1,732$928
16 years$3,057$2,588$2,180$1,830$1,531$780
17 years$2,847$2,383$1,984$1,644$1,357$657
18 years$2,661$2,202$1,811$1,482$1,207$554
19 years$2,495$2,041$1,658$1,339$1,075$468
20 years$2,345$1,896$1,522$1,213$961$396
21 years$2,210$1,766$1,400$1,101$860$336
22 years$2,087$1,649$1,290$1,001$771$285
23 years$1,975$1,542$1,191$911$692$241
24 years$1,873$1,445$1,102$831$622$205
25 years$1,779$1,356$1,020$759$559$174
26 years$1,692$1,274$946$694$504$148
27 years$1,612$1,199$879$635$454$126
28 years$1,538$1,130$817$582$410$107
29 years$1,469$1,066$760$534$370$91
30 years$1,405$1,007$708$490$334$78
31 years$1,345$952$660$450$302$66
32 years$1,288$901$616$413$274$56
33 years$1,236$853$575$380$248$48
34 years$1,186$808$537$350$224$41
35 years$1,140$767$502$322$203$35
36 years$1,096$728$470$297$184$30
37 years$1,055$691$440$273$167$25
38 years$1,015$657$412$252$151$22
39 years$978$625$386$232$137$18
40 years$943$594$362$214$124$16
41 years$910$566$339$198$113$13
42 years$878$539$318$182$102$11
43 years$848$513$299$168$93$10
44 years$820$489$280$155$84$8
45 years$793$467$263$144$77$7
46 years$767$445$247$133$69$6
47 years$742$425$232$123$63$5
48 years$718$406$218$113$57$4
49 years$695$387$205$105$52$4
50 years$674$370$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 $690,000, adding $3,695 every year, while hoping to spend $38,590 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: 53/30/17 Blend
39$690,000$690,000$690,000$690,000
40$764,191$727,621$716,926$800,993
41$801,079$722,215$699,884$821,183
42$840,437$715,251$680,977$838,753
43$882,474$706,611$660,103$857,018
44$927,424$696,172$637,153$876,056
45$975,538$683,802$612,015$895,954
46$1,027,096$669,362$584,571$916,810
47$1,082,403$652,703$554,697$938,734
48$1,141,793$633,671$522,265$961,850
49$1,205,634$612,099$487,138$986,296
50$1,274,329$587,812$449,178$1,012,229
51$1,348,322$560,625$408,236$1,039,823
52$1,428,097$530,343$364,159$1,069,274
53$1,514,191$496,758$316,786$1,100,801
54$1,607,190$459,650$265,950$1,134,648
55$1,707,739$418,788$211,475$1,171,089
56$1,816,547$373,928$153,178$1,210,428
57$1,934,394$324,810$90,869$1,253,006
58$2,062,137$271,161$24,348$1,299,204
59$2,200,719$212,691$0$1,349,443
60$2,351,176$149,097$0$1,412,655
61$2,514,648$80,054$0$1,486,169
62$2,692,389$5,224$0$1,566,188
63$2,885,779$0$0$1,653,404
64$3,096,336$0$0$1,773,593
65$3,325,730$0$0$1,906,475
66$3,575,800$0$0$2,051,399
67$3,848,569$0$0$2,209,544
68$4,146,263$0$0$2,382,210
69$4,471,333$0$0$2,570,828
70$4,826,479$0$0$2,776,973
71$5,214,671$0$0$3,002,377
72$5,639,178$0$0$3,248,951
73$6,103,603$0$0$3,518,796
74$6,611,909$0$0$3,814,226
75$7,168,464$0$0$4,137,790
76$7,778,074$0$0$4,492,295
77$8,446,036$0$0$4,880,832
78$9,178,179$0$0$5,306,804
79$9,980,926$0$0$5,773,962
80$10,861,350$0$0$6,286,434
81$11,827,243$0$0$6,848,770
82$12,887,184$0$0$7,465,980
83$14,050,627$0$0$8,143,581
84$15,327,982$0$0$8,887,655
85$16,730,721$0$0$9,704,896
86$18,271,475$0$0$10,602,684
87$19,964,165$0$0$11,589,144
88$21,824,123$0$0$12,673,231
89$23,868,240$0$0$13,864,807
90$26,115,126$0$0$15,174,739
91$28,585,282$0$0$16,614,999
92$31,301,296$0$0$18,198,778
93$34,288,054$0$0$19,940,608
94$37,572,973$0$0$21,856,499
95$41,186,261$0$0$23,964,092
96$45,161,201$0$0$26,282,824
97$49,534,464$0$0$28,834,111
98$54,346,455$0$0$31,641,547
99$59,641,692$0$0$34,731,132
100$65,469,229$0$0$38,131,512