Can I retire at age 40 with 691,000?

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 $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%13.6%
1 years$57,062$56,554$56,058$55,574$55,101$54,278
2 years$28,249$27,722$27,213$26,718$26,239$25,411
3 years$18,645$18,117$17,608$17,119$16,647$15,841
4 years$13,845$13,318$12,814$12,333$11,873$11,094
5 years$10,965$10,441$9,944$9,473$9,025$8,277
6 years$9,046$8,526$8,037$7,576$7,142$6,424
7 years$7,676$7,160$6,678$6,228$5,808$5,121
8 years$6,648$6,138$5,664$5,225$4,818$4,162
9 years$5,850$5,344$4,878$4,450$4,058$3,432
10 years$5,211$4,710$4,253$3,836$3,457$2,862
11 years$4,689$4,193$3,744$3,339$2,973$2,408
12 years$4,255$3,764$3,323$2,928$2,577$2,040
13 years$3,887$3,401$2,969$2,585$2,247$1,738
14 years$3,572$3,092$2,668$2,295$1,970$1,488
15 years$3,300$2,824$2,408$2,047$1,734$1,279
16 years$3,061$2,591$2,184$1,833$1,533$1,103
17 years$2,851$2,386$1,987$1,647$1,359$954
18 years$2,665$2,205$1,814$1,484$1,208$827
19 years$2,498$2,044$1,660$1,341$1,077$718
20 years$2,348$1,899$1,524$1,214$962$625
21 years$2,213$1,769$1,402$1,102$861$545
22 years$2,090$1,651$1,292$1,002$772$475
23 years$1,978$1,544$1,193$913$693$415
24 years$1,876$1,447$1,103$832$623$363
25 years$1,782$1,358$1,022$760$560$318
26 years$1,695$1,276$948$695$505$278
27 years$1,614$1,201$880$636$455$244
28 years$1,540$1,132$818$583$411$214
29 years$1,471$1,068$761$535$371$188
30 years$1,407$1,008$709$491$335$165
31 years$1,346$953$661$451$303$144
32 years$1,290$902$617$414$274$127
33 years$1,237$854$576$381$248$111
34 years$1,188$810$538$350$224$98
35 years$1,141$768$503$323$203$86
36 years$1,097$729$471$297$184$76
37 years$1,056$692$440$274$167$67
38 years$1,017$658$412$252$151$59
39 years$980$626$386$233$137$51
40 years$945$595$362$215$124$45
41 years$911$567$340$198$113$40
42 years$880$540$319$183$102$35
43 years$850$514$299$169$93$31
44 years$821$490$281$156$84$27
45 years$794$467$264$144$77$24
46 years$768$446$247$133$70$21
47 years$743$425$233$123$63$18
48 years$719$406$218$113$57$16
49 years$696$388$205$105$52$14
50 years$675$370$193$97$47$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $691,000, adding $3,998 every year, while hoping to spend $22,753 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: 57/20/23 Blend
39$691,000$691,000$691,000$691,000
40$765,606$728,983$718,272$804,273
41$819,489$740,494$718,126$842,643
42$878,105$751,807$717,211$881,676
43$941,913$762,887$715,480$923,729
44$1,011,419$773,699$712,878$969,099
45$1,087,177$784,204$709,353$1,018,115
46$1,169,800$794,360$704,847$1,071,139
47$1,259,959$804,123$699,299$1,128,568
48$1,358,396$813,446$692,647$1,190,845
49$1,465,926$822,279$684,824$1,258,454
50$1,583,446$830,567$675,762$1,331,932
51$1,711,946$838,253$665,388$1,411,870
52$1,852,513$845,275$653,627$1,498,922
53$2,006,345$851,569$640,399$1,593,808
54$2,174,761$857,066$625,622$1,697,321
55$2,359,215$861,690$609,208$1,810,339
56$2,561,306$865,363$591,067$1,933,827
57$2,782,795$868,003$571,104$2,068,854
58$3,025,624$869,519$549,220$2,216,596
59$3,291,930$869,817$525,311$2,378,350
60$3,584,066$868,797$499,268$2,555,549
61$3,904,625$866,353$470,978$2,749,771
62$4,256,464$862,371$440,323$2,962,760
63$4,642,727$856,731$407,177$3,196,436
64$5,066,880$849,306$371,413$3,452,918
65$5,532,741$839,961$332,894$3,734,545
66$6,044,514$828,552$291,480$4,043,894
67$6,606,832$814,929$247,022$4,383,808
68$7,224,799$798,931$199,367$4,757,422
69$7,904,036$780,386$148,354$5,168,195
70$8,650,739$759,116$93,814$5,619,939
71$9,471,730$734,929$35,573$6,116,860
72$10,374,529$707,623$0$6,663,594
73$11,367,419$676,984$0$7,271,778
74$12,459,527$642,787$0$7,950,266
75$13,660,907$604,792$0$8,696,586
76$14,982,639$562,747$0$9,517,643
77$16,436,930$516,383$0$10,421,048
78$18,037,230$465,419$0$11,415,190
79$19,798,357$409,554$0$12,509,315
80$21,736,642$348,475$0$13,713,613
81$23,870,075$281,846$0$15,039,315
82$26,218,482$209,315$0$16,498,800
83$28,803,707$130,511$0$18,105,709
84$31,649,819$45,041$0$19,875,079
85$34,783,341$0$0$21,823,483
86$38,233,498$0$0$23,979,642
87$42,032,491$0$0$26,364,797
88$46,215,805$0$0$28,991,323
89$50,822,542$0$0$31,883,780
90$55,895,787$0$0$35,069,232
91$61,483,017$0$0$38,577,498
92$67,636,549$0$0$42,441,441
93$74,414,033$0$0$46,697,270
94$81,878,994$0$0$51,384,888
95$90,101,436$0$0$56,548,266
96$99,158,496$0$0$62,235,854
97$109,135,178$0$0$68,501,046
98$120,125,151$0$0$75,402,677
99$132,231,633$0$0$83,005,582
100$145,568,370$0$0$91,381,206