Can I retire at age 40 with 692,000?

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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$57,145$56,636$56,139$55,654$55,181$54,178
2 years$28,289$27,763$27,252$26,757$26,277$25,269
3 years$18,672$18,143$17,634$17,143$16,671$15,691
4 years$13,865$13,337$12,833$12,351$11,890$10,945
5 years$10,981$10,456$9,959$9,487$9,039$8,131
6 years$9,059$8,539$8,048$7,587$7,152$6,284
7 years$7,687$7,171$6,688$6,237$5,816$4,987
8 years$6,658$6,147$5,672$5,232$4,825$4,035
9 years$5,858$5,352$4,885$4,457$4,064$3,311
10 years$5,219$4,717$4,259$3,842$3,462$2,748
11 years$4,696$4,199$3,750$3,344$2,978$2,300
12 years$4,261$3,769$3,328$2,933$2,580$1,938
13 years$3,893$3,406$2,973$2,589$2,250$1,643
14 years$3,577$3,096$2,671$2,298$1,973$1,399
15 years$3,304$2,828$2,412$2,050$1,737$1,196
16 years$3,066$2,595$2,187$1,835$1,535$1,026
17 years$2,856$2,390$1,990$1,649$1,361$882
18 years$2,669$2,208$1,816$1,486$1,210$760
19 years$2,502$2,047$1,663$1,343$1,079$656
20 years$2,352$1,902$1,526$1,216$963$568
21 years$2,216$1,772$1,404$1,104$862$492
22 years$2,093$1,654$1,294$1,004$773$427
23 years$1,981$1,547$1,195$914$694$370
24 years$1,878$1,449$1,105$834$624$322
25 years$1,784$1,360$1,023$761$561$280
26 years$1,697$1,278$949$696$505$243
27 years$1,617$1,203$881$637$456$212
28 years$1,542$1,133$819$584$411$185
29 years$1,473$1,069$762$535$371$161
30 years$1,409$1,010$710$491$335$140
31 years$1,348$955$662$451$303$122
32 years$1,292$903$618$415$274$107
33 years$1,239$855$577$381$248$93
34 years$1,190$811$539$351$225$81
35 years$1,143$769$504$323$204$71
36 years$1,099$730$471$297$184$62
37 years$1,058$693$441$274$167$54
38 years$1,018$659$413$253$152$47
39 years$981$626$387$233$137$41
40 years$946$596$363$215$125$36
41 years$913$567$340$198$113$32
42 years$881$540$319$183$103$28
43 years$851$515$299$169$93$24
44 years$822$491$281$156$85$21
45 years$795$468$264$144$77$18
46 years$769$446$248$133$70$16
47 years$744$426$233$123$63$14
48 years$720$407$219$114$57$12
49 years$697$388$206$105$52$11
50 years$676$371$193$97$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $692,000, adding $5,033 every year, while hoping to spend $35,754 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: 43/45/12 Blend
39$692,000$692,000$692,000$692,000
40$767,776$731,100$720,374$797,911
41$808,047$728,881$706,464$817,245
42$851,227$725,356$690,890$834,195
43$897,576$720,422$673,559$851,766
44$947,377$713,972$654,372$870,029
45$1,000,943$705,890$633,227$889,067
46$1,058,616$696,055$610,016$908,970
47$1,120,773$684,340$584,630$929,842
48$1,187,826$670,606$556,949$951,801
49$1,260,229$654,711$526,852$974,978
50$1,338,482$636,502$494,211$999,522
51$1,423,132$615,815$458,892$1,025,601
52$1,514,783$592,482$420,756$1,053,400
53$1,614,097$566,319$379,657$1,083,132
54$1,721,802$537,136$335,443$1,115,031
55$1,838,699$504,729$287,954$1,149,362
56$1,965,671$468,885$237,024$1,186,422
57$2,103,685$429,376$182,481$1,226,540
58$2,253,808$385,963$124,141$1,270,086
59$2,417,214$338,392$61,817$1,317,474
60$2,595,192$286,396$0$1,369,165
61$2,789,165$229,692$0$1,426,274
62$3,000,694$167,982$0$1,497,258
63$3,231,501$100,949$0$1,574,861
64$3,483,480$28,261$0$1,659,823
65$3,758,714$0$0$1,752,965
66$4,059,501$0$0$1,880,174
67$4,388,365$0$0$2,034,641
68$4,748,090$0$0$2,203,688
69$5,141,738$0$0$2,388,766
70$5,572,682$0$0$2,591,470
71$6,044,638$0$0$2,813,561
72$6,561,694$0$0$3,056,975
73$7,128,356$0$0$3,323,844
74$7,749,584$0$0$3,616,519
75$8,430,843$0$0$3,937,585
76$9,178,151$0$0$4,289,895
77$9,998,135$0$0$4,676,586
78$10,898,099$0$0$5,101,117
79$11,886,084$0$0$5,567,297
80$12,970,949$0$0$6,079,323
81$14,162,453$0$0$6,641,816
82$15,471,348$0$0$7,259,868
83$16,909,476$0$0$7,939,091
84$18,489,885$0$0$8,685,664
85$20,226,948$0$0$9,506,397
86$22,136,501$0$0$10,408,790
87$24,235,990$0$0$11,401,108
88$26,544,637$0$0$12,492,457
89$29,083,617$0$0$13,692,870
90$31,876,264$0$0$15,013,400
91$34,948,283$0$0$16,466,225
92$38,327,999$0$0$18,064,765
93$42,046,617$0$0$19,823,803
94$46,138,524$0$0$21,759,631
95$50,641,604$0$0$23,890,198
96$55,597,602$0$0$26,235,282
97$61,052,514$0$0$28,816,676
98$67,057,023$0$0$31,658,391
99$73,666,971$0$0$34,786,888
100$80,943,893$0$0$38,231,321