Can I retire at age 40 with 694,000?

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 $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$57,310$56,799$56,301$55,815$55,341$53,505
2 years$28,371$27,843$27,331$26,834$26,353$24,521
3 years$18,726$18,196$17,685$17,193$16,719$14,949
4 years$13,905$13,376$12,870$12,387$11,924$10,229
5 years$11,013$10,487$9,988$9,514$9,065$7,449
6 years$9,085$8,563$8,072$7,608$7,173$5,638
7 years$7,709$7,191$6,707$6,255$5,833$4,380
8 years$6,677$6,164$5,688$5,247$4,839$3,465
9 years$5,875$5,367$4,899$4,470$4,075$2,779
10 years$5,234$4,731$4,271$3,853$3,472$2,252
11 years$4,710$4,212$3,761$3,353$2,986$1,840
12 years$4,273$3,780$3,337$2,941$2,588$1,513
13 years$3,904$3,416$2,982$2,597$2,257$1,250
14 years$3,588$3,105$2,679$2,305$1,978$1,037
15 years$3,314$2,837$2,419$2,056$1,742$863
16 years$3,075$2,603$2,193$1,841$1,539$720
17 years$2,864$2,397$1,996$1,654$1,365$603
18 years$2,676$2,215$1,822$1,490$1,214$505
19 years$2,509$2,053$1,668$1,347$1,082$424
20 years$2,359$1,907$1,531$1,220$966$356
21 years$2,223$1,777$1,408$1,107$865$300
22 years$2,099$1,658$1,297$1,006$775$252
23 years$1,987$1,551$1,198$917$696$213
24 years$1,884$1,453$1,108$836$625$179
25 years$1,789$1,364$1,026$763$563$151
26 years$1,702$1,282$952$698$507$128
27 years$1,621$1,206$884$639$457$108
28 years$1,547$1,137$822$585$412$91
29 years$1,477$1,072$765$537$372$77
30 years$1,413$1,013$712$493$336$65
31 years$1,352$957$664$453$304$55
32 years$1,296$906$619$416$275$46
33 years$1,243$858$578$382$249$39
34 years$1,193$813$540$352$225$33
35 years$1,146$771$505$324$204$28
36 years$1,102$732$473$298$185$24
37 years$1,061$695$442$275$168$20
38 years$1,021$661$414$253$152$17
39 years$984$628$388$234$138$14
40 years$949$598$364$215$125$12
41 years$915$569$341$199$113$10
42 years$884$542$320$183$103$9
43 years$853$516$300$169$93$7
44 years$825$492$282$156$85$6
45 years$797$469$265$144$77$5
46 years$771$448$249$133$70$4
47 years$746$427$234$123$63$4
48 years$722$408$219$114$58$3
49 years$699$389$206$105$52$3
50 years$678$372$194$97$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $694,000, adding $2,342 every year, while hoping to spend $40,964 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: 71/6/23 Blend
39$694,000$694,000$694,000$694,000
40$767,204$730,422$719,665$817,116
41$801,873$722,627$700,188$842,942
42$838,706$713,077$678,686$866,163
43$877,879$701,644$655,048$890,592
44$919,588$688,189$629,156$916,346
45$964,044$672,568$600,891$943,552
46$1,011,480$654,628$570,125$972,353
47$1,062,151$634,205$536,724$1,002,908
48$1,116,337$611,127$500,551$1,035,391
49$1,174,344$585,213$461,460$1,069,995
50$1,236,509$556,270$419,300$1,106,937
51$1,303,199$524,094$373,913$1,146,453
52$1,374,819$488,468$325,133$1,188,808
53$1,451,814$449,166$272,788$1,234,294
54$1,534,670$405,946$216,698$1,283,235
55$1,623,922$358,554$156,673$1,335,987
56$1,720,159$306,720$92,519$1,392,949
57$1,824,026$250,160$24,029$1,454,558
58$1,936,232$188,573$0$1,521,299
59$2,057,557$121,643$0$1,605,751
60$2,188,858$49,033$0$1,703,543
61$2,331,077$0$0$1,809,485
62$2,485,249$0$0$1,926,319
63$2,652,513$0$0$2,056,617
64$2,834,122$0$0$2,198,121
65$3,031,453$0$0$2,351,907
66$3,246,022$0$0$2,519,161
67$3,479,496$0$0$2,701,187
68$3,733,709$0$0$2,899,419
69$4,010,680$0$0$3,115,437
70$4,312,630$0$0$3,350,977
71$4,642,004$0$0$3,607,951
72$5,001,494$0$0$3,888,465
73$5,394,060$0$0$4,194,836
74$5,822,964$0$0$4,529,613
75$6,291,795$0$0$4,895,605
76$6,804,506$0$0$5,295,903
77$7,365,449$0$0$5,733,911
78$7,979,415$0$0$6,213,378
79$8,651,680$0$0$6,738,430
80$9,388,054$0$0$7,313,614
81$10,194,937$0$0$7,943,934
82$11,079,375$0$0$8,634,903
83$12,049,129$0$0$9,392,592
84$13,112,746$0$0$10,223,689
85$14,279,643$0$0$11,135,559
86$15,560,190$0$0$12,136,315
87$16,965,809$0$0$13,234,893
88$18,509,083$0$0$14,441,137
89$20,203,873$0$0$15,765,892
90$22,065,448$0$0$17,221,102
91$24,110,628$0$0$18,819,926
92$26,357,944$0$0$20,576,862
93$28,827,808$0$0$22,507,881
94$31,542,712$0$0$24,630,577
95$34,527,431$0$0$26,964,335
96$37,809,263$0$0$29,530,512
97$41,418,284$0$0$32,352,637
98$45,387,628$0$0$35,456,635
99$49,753,802$0$0$38,871,067
100$54,557,030$0$0$42,627,403