Can I retire at age 40 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$57,062$56,554$56,058$55,574$55,101$53,210
2 years$28,249$27,722$27,213$26,718$26,239$24,352
3 years$18,645$18,117$17,608$17,119$16,647$14,825
4 years$13,845$13,318$12,814$12,333$11,873$10,129
5 years$10,965$10,441$9,944$9,473$9,025$7,365
6 years$9,046$8,526$8,037$7,576$7,142$5,565
7 years$7,676$7,160$6,678$6,228$5,808$4,315
8 years$6,648$6,138$5,664$5,225$4,818$3,408
9 years$5,850$5,344$4,878$4,450$4,058$2,729
10 years$5,211$4,710$4,253$3,836$3,457$2,207
11 years$4,689$4,193$3,744$3,339$2,973$1,800
12 years$4,255$3,764$3,323$2,928$2,577$1,477
13 years$3,887$3,401$2,969$2,585$2,247$1,217
14 years$3,572$3,092$2,668$2,295$1,970$1,008
15 years$3,300$2,824$2,408$2,047$1,734$837
16 years$3,061$2,591$2,184$1,833$1,533$697
17 years$2,851$2,386$1,987$1,647$1,359$582
18 years$2,665$2,205$1,814$1,484$1,208$487
19 years$2,498$2,044$1,660$1,341$1,077$408
20 years$2,348$1,899$1,524$1,214$962$342
21 years$2,213$1,769$1,402$1,102$861$287
22 years$2,090$1,651$1,292$1,002$772$241
23 years$1,978$1,544$1,193$913$693$203
24 years$1,876$1,447$1,103$832$623$170
25 years$1,782$1,358$1,022$760$560$143
26 years$1,695$1,276$948$695$505$121
27 years$1,614$1,201$880$636$455$102
28 years$1,540$1,132$818$583$411$86
29 years$1,471$1,068$761$535$371$72
30 years$1,407$1,008$709$491$335$61
31 years$1,346$953$661$451$303$51
32 years$1,290$902$617$414$274$43
33 years$1,237$854$576$381$248$36
34 years$1,188$810$538$350$224$31
35 years$1,141$768$503$323$203$26
36 years$1,097$729$471$297$184$22
37 years$1,056$692$440$274$167$18
38 years$1,017$658$412$252$151$16
39 years$980$626$386$233$137$13
40 years$945$595$362$215$124$11
41 years$911$567$340$198$113$9
42 years$880$540$319$183$102$8
43 years$850$514$299$169$93$7
44 years$821$490$281$156$84$6
45 years$794$467$264$144$77$5
46 years$768$446$247$133$70$4
47 years$743$425$233$123$63$3
48 years$719$406$218$113$57$3
49 years$696$388$205$105$52$2
50 years$675$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 $691,000, adding $2,979 every year, while hoping to spend $32,910 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: 75/20/5 Blend
39$691,000$691,000$691,000$691,000
40$764,555$727,932$717,221$821,417
41$807,523$728,585$706,232$859,850
42$853,772$728,166$693,772$897,440
43$903,600$726,590$679,757$937,668
44$957,337$723,762$664,098$980,782
45$1,015,344$719,586$646,705$1,027,057
46$1,078,020$713,956$627,480$1,076,793
47$1,145,800$706,762$606,323$1,130,325
48$1,219,166$697,887$583,128$1,188,018
49$1,298,644$687,207$557,786$1,250,277
50$1,384,815$674,590$530,182$1,317,548
51$1,478,318$659,896$500,195$1,390,324
52$1,579,854$642,979$467,699$1,469,148
53$1,690,195$623,681$432,563$1,554,617
54$1,810,191$601,837$394,649$1,647,392
55$1,940,775$577,272$353,815$1,748,201
56$2,082,977$549,801$309,910$1,857,848
57$2,237,926$519,227$262,778$1,977,219
58$2,406,869$485,343$212,256$2,107,290
59$2,591,175$447,931$158,172$2,249,139
60$2,792,353$406,757$100,348$2,403,956
61$3,012,062$361,578$38,599$2,573,051
62$3,252,131$312,133$0$2,757,872
63$3,514,572$258,151$0$2,961,468
64$3,801,599$199,341$0$3,186,437
65$4,115,651$135,398$0$3,432,668
66$4,459,416$66,001$0$3,702,314
67$4,835,849$0$0$3,997,748
68$5,248,208$0$0$4,323,608
69$5,700,079$0$0$4,696,638
70$6,195,413$0$0$5,105,575
71$6,738,559$0$0$5,554,015
72$7,334,310$0$0$6,045,918
73$7,987,942$0$0$6,585,644
74$8,705,269$0$0$7,177,999
75$9,492,694$0$0$7,828,273
76$10,357,270$0$0$8,542,296
77$11,306,767$0$0$9,326,488
78$12,349,744$0$0$10,187,924
79$13,495,630$0$0$11,134,396
80$14,754,812$0$0$12,174,488
81$16,138,733$0$0$13,317,657
82$17,660,000$0$0$14,574,323
83$19,332,503$0$0$15,955,964
84$21,171,543$0$0$17,475,227
85$23,193,980$0$0$19,146,045
86$25,418,388$0$0$20,983,769
87$27,865,232$0$0$23,005,313
88$30,557,061$0$0$25,229,312
89$33,518,718$0$0$27,676,299
90$36,777,576$0$0$30,368,897
91$40,363,796$0$0$33,332,033
92$44,310,610$0$0$36,593,173
93$48,654,634$0$0$40,182,579
94$53,436,216$0$0$44,133,596
95$58,699,812$0$0$48,482,968
96$64,494,408$0$0$53,271,180
97$70,873,979$0$0$58,542,842
98$77,898,003$0$0$64,347,111
99$85,632,016$0$0$70,738,151
100$94,148,233$0$0$77,775,649