Can I retire at age 40 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$57,558$57,045$56,545$56,056$55,580$53,844
2 years$28,494$27,963$27,449$26,950$26,467$24,733
3 years$18,807$18,274$17,761$17,267$16,791$15,115
4 years$13,965$13,434$12,926$12,440$11,976$10,369
5 years$11,060$10,532$10,031$9,555$9,104$7,571
6 years$9,124$8,600$8,106$7,641$7,204$5,746
7 years$7,742$7,222$6,736$6,282$5,858$4,476
8 years$6,706$6,191$5,713$5,270$4,860$3,552
9 years$5,901$5,390$4,921$4,489$4,093$2,858
10 years$5,257$4,751$4,290$3,870$3,487$2,323
11 years$4,730$4,230$3,777$3,368$2,999$1,904
12 years$4,291$3,796$3,352$2,954$2,599$1,571
13 years$3,921$3,431$2,995$2,608$2,266$1,302
14 years$3,603$3,119$2,691$2,315$1,987$1,084
15 years$3,328$2,849$2,429$2,065$1,749$905
16 years$3,088$2,614$2,203$1,849$1,546$758
17 years$2,876$2,407$2,004$1,661$1,371$637
18 years$2,688$2,224$1,830$1,497$1,219$536
19 years$2,520$2,062$1,675$1,353$1,086$451
20 years$2,369$1,916$1,537$1,225$970$381
21 years$2,232$1,784$1,414$1,112$868$322
22 years$2,108$1,666$1,303$1,011$778$272
23 years$1,995$1,558$1,203$921$699$230
24 years$1,892$1,460$1,113$840$628$195
25 years$1,797$1,370$1,031$767$565$165
26 years$1,709$1,287$956$701$509$140
27 years$1,628$1,212$888$642$459$118
28 years$1,553$1,142$825$588$414$100
29 years$1,484$1,077$768$539$374$85
30 years$1,419$1,017$715$495$338$72
31 years$1,358$962$667$454$305$61
32 years$1,301$910$622$418$276$52
33 years$1,248$862$581$384$250$44
34 years$1,198$817$543$353$226$38
35 years$1,151$775$507$325$205$32
36 years$1,107$735$475$300$186$27
37 years$1,065$698$444$276$168$23
38 years$1,026$664$416$254$153$20
39 years$988$631$390$235$138$17
40 years$953$600$365$216$126$14
41 years$919$571$343$200$114$12
42 years$887$544$321$184$103$10
43 years$857$519$302$170$94$9
44 years$828$494$283$157$85$7
45 years$801$471$266$145$77$6
46 years$774$450$250$134$70$5
47 years$749$429$235$124$64$4
48 years$725$410$220$114$58$4
49 years$702$391$207$106$53$3
50 years$681$374$195$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $697,000, adding $4,454 every year, while hoping to spend $31,868 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: 59/12/29 Blend
39$697,000$697,000$697,000$697,000
40$772,688$735,747$724,944$811,931
41$817,595$737,892$715,322$841,432
42$866,015$739,073$704,310$869,842
43$918,271$739,210$691,827$900,178
44$974,721$738,218$677,790$932,635
45$1,035,757$736,005$662,110$967,430
46$1,101,809$732,474$644,696$1,004,803
47$1,173,351$727,523$625,451$1,045,022
48$1,250,905$721,043$604,275$1,088,381
49$1,335,041$712,919$581,063$1,135,205
50$1,426,391$703,027$555,704$1,185,857
51$1,525,646$691,239$528,083$1,240,736
52$1,633,569$677,417$498,081$1,300,283
53$1,750,998$661,415$465,571$1,364,989
54$1,878,854$643,079$430,423$1,435,394
55$2,018,154$622,247$392,498$1,512,096
56$2,170,013$598,744$351,655$1,595,757
57$2,335,662$572,390$307,742$1,687,108
58$2,516,452$542,989$260,604$1,786,958
59$2,713,873$510,339$210,077$1,896,201
60$2,929,564$474,222$155,992$2,015,824
61$3,165,331$434,410$98,168$2,146,918
62$3,423,160$390,661$36,422$2,290,691
63$3,705,238$342,720$0$2,448,473
64$4,013,976$290,316$0$2,630,856
65$4,352,025$233,165$0$2,842,966
66$4,722,307$170,966$0$3,075,383
67$5,128,038$103,399$0$3,330,157
68$5,572,762$30,129$0$3,609,548
69$6,060,380$0$0$3,916,049
70$6,595,189$0$0$4,258,903
71$7,181,924$0$0$4,639,468
72$7,825,797$0$0$5,057,154
73$8,532,552$0$0$5,515,695
74$9,308,515$0$0$6,019,202
75$10,160,653$0$0$6,572,206
76$11,096,644$0$0$7,179,696
77$12,124,943$0$0$7,847,169
78$13,254,867$0$0$8,580,681
79$14,496,678$0$0$9,386,905
80$15,861,683$0$0$10,273,190
81$17,362,338$0$0$11,247,633
82$19,012,367$0$0$12,319,157
83$20,826,890$0$0$13,497,591
84$22,822,565$0$0$14,793,765
85$25,017,746$0$0$16,219,609
86$27,432,654$0$0$17,788,272
87$30,089,571$0$0$19,514,237
88$33,013,044$0$0$21,413,466
89$36,230,124$0$0$23,503,542
90$39,770,613$0$0$25,803,841
91$43,667,350$0$0$28,335,714
92$47,956,519$0$0$31,122,684
93$52,677,988$0$0$34,190,671
94$57,875,689$0$0$37,568,238
95$63,598,029$0$0$41,286,856
96$69,898,347$0$0$45,381,202
97$76,835,416$0$0$49,889,489
98$84,474,001$0$0$54,853,822
99$92,885,465$0$0$60,320,599
100$102,148,444$0$0$66,340,945