Can I retire at age 40 with 697,000?

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 $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%15.2%
1 years$57,558$57,045$56,545$56,056$55,580$54,391
2 years$28,494$27,963$27,449$26,950$26,467$25,275
3 years$18,807$18,274$17,761$17,267$16,791$15,634
4 years$13,965$13,434$12,926$12,440$11,976$10,861
5 years$11,060$10,532$10,031$9,555$9,104$8,035
6 years$9,124$8,600$8,106$7,641$7,204$6,182
7 years$7,742$7,222$6,736$6,282$5,858$4,885
8 years$6,706$6,191$5,713$5,270$4,860$3,933
9 years$5,901$5,390$4,921$4,489$4,093$3,213
10 years$5,257$4,751$4,290$3,870$3,487$2,653
11 years$4,730$4,230$3,777$3,368$2,999$2,209
12 years$4,291$3,796$3,352$2,954$2,599$1,852
13 years$3,921$3,431$2,995$2,608$2,266$1,562
14 years$3,603$3,119$2,691$2,315$1,987$1,323
15 years$3,328$2,849$2,429$2,065$1,749$1,125
16 years$3,088$2,614$2,203$1,849$1,546$959
17 years$2,876$2,407$2,004$1,661$1,371$820
18 years$2,688$2,224$1,830$1,497$1,219$702
19 years$2,520$2,062$1,675$1,353$1,086$603
20 years$2,369$1,916$1,537$1,225$970$518
21 years$2,232$1,784$1,414$1,112$868$446
22 years$2,108$1,666$1,303$1,011$778$385
23 years$1,995$1,558$1,203$921$699$332
24 years$1,892$1,460$1,113$840$628$287
25 years$1,797$1,370$1,031$767$565$248
26 years$1,709$1,287$956$701$509$214
27 years$1,628$1,212$888$642$459$185
28 years$1,553$1,142$825$588$414$160
29 years$1,484$1,077$768$539$374$139
30 years$1,419$1,017$715$495$338$120
31 years$1,358$962$667$454$305$104
32 years$1,301$910$622$418$276$90
33 years$1,248$862$581$384$250$78
34 years$1,198$817$543$353$226$68
35 years$1,151$775$507$325$205$59
36 years$1,107$735$475$300$186$51
37 years$1,065$698$444$276$168$44
38 years$1,026$664$416$254$153$38
39 years$988$631$390$235$138$33
40 years$953$600$365$216$126$29
41 years$919$571$343$200$114$25
42 years$887$544$321$184$103$22
43 years$857$519$302$170$94$19
44 years$828$494$283$157$85$16
45 years$801$471$266$145$77$14
46 years$774$450$250$134$70$12
47 years$749$429$235$124$64$11
48 years$725$410$220$114$58$9
49 years$702$391$207$106$53$8
50 years$681$374$195$98$48$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $697,000, adding $6,235 every year, while hoping to spend $30,480 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: 37/36/27 Blend
39$697,000$697,000$697,000$697,000
40$774,525$737,584$726,781$796,737
41$821,097$741,296$718,698$817,375
42$871,396$744,167$709,322$836,418
43$925,773$746,125$698,578$856,399
44$984,609$747,093$686,388$877,423
45$1,048,325$746,986$672,668$899,606
46$1,117,384$745,718$657,332$923,080
47$1,192,294$743,195$640,290$947,993
48$1,273,614$739,318$621,445$974,507
49$1,361,960$733,982$600,701$1,002,807
50$1,458,007$727,075$577,952$1,033,097
51$1,562,501$718,478$553,091$1,065,607
52$1,676,261$708,068$526,003$1,100,591
53$1,800,187$695,711$496,572$1,138,334
54$1,935,271$681,266$464,672$1,179,152
55$2,082,605$664,584$430,175$1,223,398
56$2,243,390$645,508$392,945$1,271,466
57$2,418,948$623,871$352,842$1,323,791
58$2,610,736$599,495$309,716$1,380,859
59$2,820,355$572,194$263,416$1,443,211
60$3,049,570$541,770$213,779$1,511,446
61$3,300,323$508,014$160,638$1,586,230
62$3,574,754$470,705$103,817$1,668,304
63$3,875,217$429,607$43,133$1,758,487
64$4,204,306$384,475$0$1,857,692
65$4,564,877$335,047$0$1,973,159
66$4,960,077$281,046$0$2,113,443
67$5,393,368$222,181$0$2,267,407
68$5,868,568$158,143$0$2,436,491
69$6,389,877$88,608$0$2,622,284
70$6,961,926$13,231$0$2,826,543
71$7,589,812$0$0$3,051,210
72$8,279,153$0$0$3,325,506
73$9,036,134$0$0$3,632,575
74$9,867,572$0$0$3,969,953
75$10,780,973$0$0$4,340,700
76$11,784,609$0$0$4,748,186
77$12,887,591$0$0$5,196,124
78$14,099,957$0$0$5,688,607
79$15,432,767$0$0$6,230,140
80$16,898,203$0$0$6,825,691
81$18,509,689$0$0$7,480,730
82$20,282,015$0$0$8,201,287
83$22,231,475$0$0$8,994,002
84$24,376,022$0$0$9,866,193
85$26,735,436$0$0$10,825,925
86$29,331,511$0$0$11,882,080
87$32,188,262$0$0$13,044,449
88$35,332,147$0$0$14,323,817
89$38,792,319$0$0$15,732,068
90$42,600,902$0$0$17,282,299
91$46,793,292$0$0$18,988,939
92$51,408,488$0$0$20,867,886
93$56,489,467$0$0$22,936,662
94$62,083,580$0$0$25,214,571
95$68,243,008$0$0$27,722,885
96$75,025,244$0$0$30,485,045
97$82,493,644$0$0$33,526,879
98$90,718,019$0$0$36,876,850
99$99,775,296$0$0$40,566,320
100$109,750,243$0$0$44,629,849