Can I retire at age 40 with 692,000?

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 $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%11.8%
1 years$57,145$56,636$56,139$55,654$55,181$54,764
2 years$28,289$27,763$27,252$26,757$26,277$25,857
3 years$18,672$18,143$17,634$17,143$16,671$16,261
4 years$13,865$13,337$12,833$12,351$11,890$11,492
5 years$10,981$10,456$9,959$9,487$9,039$8,655
6 years$9,059$8,539$8,048$7,587$7,152$6,783
7 years$7,687$7,171$6,688$6,237$5,816$5,462
8 years$6,658$6,147$5,672$5,232$4,825$4,485
9 years$5,858$5,352$4,885$4,457$4,064$3,738
10 years$5,219$4,717$4,259$3,842$3,462$3,151
11 years$4,696$4,199$3,750$3,344$2,978$2,680
12 years$4,261$3,769$3,328$2,933$2,580$2,297
13 years$3,893$3,406$2,973$2,589$2,250$1,980
14 years$3,577$3,096$2,671$2,298$1,973$1,716
15 years$3,304$2,828$2,412$2,050$1,737$1,493
16 years$3,066$2,595$2,187$1,835$1,535$1,304
17 years$2,856$2,390$1,990$1,649$1,361$1,142
18 years$2,669$2,208$1,816$1,486$1,210$1,002
19 years$2,502$2,047$1,663$1,343$1,079$882
20 years$2,352$1,902$1,526$1,216$963$778
21 years$2,216$1,772$1,404$1,104$862$687
22 years$2,093$1,654$1,294$1,004$773$608
23 years$1,981$1,547$1,195$914$694$538
24 years$1,878$1,449$1,105$834$624$477
25 years$1,784$1,360$1,023$761$561$424
26 years$1,697$1,278$949$696$505$376
27 years$1,617$1,203$881$637$456$334
28 years$1,542$1,133$819$584$411$298
29 years$1,473$1,069$762$535$371$265
30 years$1,409$1,010$710$491$335$236
31 years$1,348$955$662$451$303$210
32 years$1,292$903$618$415$274$187
33 years$1,239$855$577$381$248$167
34 years$1,190$811$539$351$225$149
35 years$1,143$769$504$323$204$133
36 years$1,099$730$471$297$184$119
37 years$1,058$693$441$274$167$106
38 years$1,018$659$413$253$152$95
39 years$981$626$387$233$137$84
40 years$946$596$363$215$125$75
41 years$913$567$340$198$113$67
42 years$881$540$319$183$103$60
43 years$851$515$299$169$93$54
44 years$822$491$281$156$85$48
45 years$795$468$264$144$77$43
46 years$769$446$248$133$70$38
47 years$744$426$233$123$63$34
48 years$720$407$219$114$57$31
49 years$697$388$206$105$52$27
50 years$676$371$193$97$47$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $692,000, adding $3,353 every year, while hoping to spend $50,731 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: 44/44/12 Blend
39$692,000$692,000$692,000$692,000
40$766,043$729,367$718,641$796,967
41$790,202$711,128$688,738$800,602
42$815,124$690,296$656,133$799,147
43$840,836$666,689$620,682$796,445
44$867,360$640,116$582,234$792,400
45$894,724$610,375$540,632$786,913
46$922,955$577,252$495,712$779,878
47$952,079$540,520$447,301$771,182
48$982,126$499,940$395,220$760,706
49$1,013,125$455,260$339,283$748,326
50$1,045,107$406,211$279,292$733,908
51$1,078,104$352,511$215,044$717,312
52$1,112,147$293,861$146,325$698,389
53$1,147,272$229,945$72,912$676,983
54$1,183,512$160,431$0$652,929
55$1,220,904$84,966$0$626,746
56$1,259,485$3,178$0$607,563
57$1,299,294$0$0$585,871
58$1,340,371$0$0$602,811
59$1,382,757$0$0$621,879
60$1,426,495$0$0$641,556
61$1,471,629$0$0$661,862
62$1,518,206$0$0$682,817
63$1,566,272$0$0$704,444
64$1,615,876$0$0$726,763
65$1,667,071$0$0$749,799
66$1,719,908$0$0$773,575
67$1,774,443$0$0$798,116
68$1,830,732$0$0$823,447
69$1,888,834$0$0$849,597
70$1,948,811$0$0$876,591
71$2,010,725$0$0$904,459
72$2,074,644$0$0$933,231
73$2,140,636$0$0$962,939
74$2,208,771$0$0$993,613
75$2,279,125$0$0$1,025,289
76$2,351,775$0$0$1,058,001
77$2,426,800$0$0$1,091,786
78$2,504,285$0$0$1,126,682
79$2,584,316$0$0$1,162,729
80$2,666,986$0$0$1,199,967
81$2,752,389$0$0$1,238,442
82$2,840,624$0$0$1,278,197
83$2,931,795$0$0$1,319,280
84$3,026,010$0$0$1,361,741
85$3,123,383$0$0$1,405,632
86$3,224,033$0$0$1,451,006
87$3,328,084$0$0$1,497,922
88$3,435,668$0$0$1,546,440
89$3,546,920$0$0$1,596,621
90$3,661,986$0$0$1,648,533
91$3,781,017$0$0$1,702,246
92$3,904,172$0$0$1,757,832
93$4,031,621$0$0$1,815,370
94$4,163,540$0$0$1,874,941
95$4,300,116$0$0$1,936,632
96$4,441,548$0$0$2,000,534
97$4,588,044$0$0$2,066,745
98$4,739,827$0$0$2,135,368
99$4,897,132$0$0$2,206,511
100$5,060,208$0$0$2,280,291