Can I retire at age 40 with 693,000?

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 $693,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$57,227$56,718$56,220$55,735$55,261$53,947
2 years$28,330$27,803$27,291$26,796$26,315$24,999
3 years$18,699$18,169$17,659$17,168$16,695$15,418
4 years$13,885$13,356$12,851$12,369$11,907$10,679
5 years$10,997$10,472$9,973$9,500$9,052$7,875
6 years$9,072$8,551$8,060$7,598$7,162$6,040
7 years$7,698$7,181$6,698$6,246$5,825$4,756
8 years$6,668$6,155$5,680$5,240$4,832$3,816
9 years$5,867$5,359$4,892$4,463$4,069$3,106
10 years$5,226$4,724$4,265$3,847$3,467$2,555
11 years$4,703$4,206$3,755$3,348$2,982$2,120
12 years$4,267$3,775$3,333$2,937$2,584$1,770
13 years$3,898$3,411$2,977$2,593$2,253$1,487
14 years$3,583$3,101$2,675$2,302$1,975$1,254
15 years$3,309$2,833$2,415$2,053$1,739$1,062
16 years$3,070$2,599$2,190$1,838$1,537$901
17 years$2,860$2,393$1,993$1,651$1,363$767
18 years$2,673$2,212$1,819$1,488$1,212$655
19 years$2,506$2,050$1,665$1,345$1,080$559
20 years$2,355$1,905$1,528$1,218$965$479
21 years$2,220$1,774$1,406$1,105$863$410
22 years$2,096$1,656$1,296$1,005$774$352
23 years$1,984$1,549$1,196$915$695$302
24 years$1,881$1,451$1,106$835$624$260
25 years$1,787$1,362$1,025$762$562$223
26 years$1,700$1,280$950$697$506$192
27 years$1,619$1,205$882$638$456$166
28 years$1,545$1,135$820$585$412$143
29 years$1,475$1,071$763$536$372$123
30 years$1,411$1,011$711$492$336$106
31 years$1,350$956$663$452$304$91
32 years$1,294$905$619$415$275$79
33 years$1,241$857$578$382$249$68
34 years$1,191$812$540$351$225$59
35 years$1,145$770$505$323$204$51
36 years$1,101$731$472$298$185$44
37 years$1,059$694$442$274$167$38
38 years$1,020$660$414$253$152$32
39 years$983$627$388$233$138$28
40 years$947$597$363$215$125$24
41 years$914$568$341$198$113$21
42 years$882$541$320$183$103$18
43 years$852$516$300$169$93$16
44 years$823$491$281$156$85$13
45 years$796$469$264$144$77$12
46 years$770$447$248$133$70$10
47 years$745$427$233$123$63$9
48 years$721$407$219$114$58$7
49 years$698$389$206$105$52$6
50 years$677$372$194$97$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $693,000, adding $2,507 every year, while hoping to spend $27,455 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: 60/13/27 Blend
39$693,000$693,000$693,000$693,000
40$766,272$729,543$718,801$806,527
41$815,220$736,079$713,669$840,786
42$868,240$742,014$707,445$874,987
43$925,719$747,292$700,063$911,724
44$988,082$751,849$691,455$951,253
45$1,055,797$755,619$681,549$993,853
46$1,129,376$758,533$670,269$1,039,833
47$1,209,386$760,514$657,536$1,089,535
48$1,296,449$761,485$643,269$1,143,337
49$1,391,248$761,359$627,380$1,201,656
50$1,494,538$760,049$609,780$1,264,951
51$1,607,147$757,457$590,374$1,333,733
52$1,729,987$753,484$569,063$1,408,563
53$1,864,063$748,022$545,744$1,490,061
54$2,010,480$740,957$520,308$1,578,912
55$2,170,454$732,169$492,643$1,675,874
56$2,345,324$721,529$462,631$1,781,782
57$2,536,567$708,904$430,149$1,897,558
58$2,745,804$694,148$395,066$2,024,220
59$2,974,825$677,110$357,250$2,162,892
60$3,225,598$657,629$316,558$2,314,815
61$3,500,291$635,534$272,845$2,481,358
62$3,801,291$610,646$225,956$2,664,032
63$4,131,229$582,774$175,732$2,864,506
64$4,493,000$551,715$122,004$3,084,621
65$4,889,793$517,257$64,599$3,326,407
66$5,325,123$479,173$3,334$3,592,106
67$5,802,858$437,225$0$3,884,191
68$6,327,261$391,161$0$4,223,266
69$6,903,027$340,714$0$4,596,653
70$7,535,329$285,601$0$5,006,771
71$8,229,863$225,527$0$5,457,347
72$8,992,907$160,175$0$5,952,487
73$9,831,375$89,215$0$6,496,718
74$10,752,884$12,295$0$7,095,028
75$11,765,826$0$0$7,752,914
76$12,879,447$0$0$8,486,586
77$14,103,932$0$0$9,295,293
78$15,450,505$0$0$10,184,695
79$16,931,529$0$0$11,162,966
80$18,560,628$0$0$12,239,113
81$20,352,810$0$0$13,423,059
82$22,324,613$0$0$14,725,737
83$24,494,259$0$0$16,159,195
84$26,881,823$0$0$17,736,705
85$29,509,427$0$0$19,472,894
86$32,401,444$0$0$21,383,876
87$35,584,733$0$0$23,487,407
88$39,088,884$0$0$25,803,054
89$42,946,506$0$0$28,352,374
90$47,193,528$0$0$31,159,123
91$51,869,540$0$0$34,249,477
92$57,018,167$0$0$37,652,280
93$62,687,478$0$0$41,399,312
94$68,930,444$0$0$45,525,597
95$75,805,430$0$0$50,069,725
96$83,376,754$0$0$55,074,220
97$91,715,286$0$0$60,585,942
98$100,899,123$0$0$66,656,524
99$111,014,322$0$0$73,342,867
100$122,155,710$0$0$80,707,669