Can I retire at age 40 with 698,000?

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 $698,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$57,640$57,127$56,626$56,137$55,660$53,536
2 years$28,535$28,003$27,488$26,989$26,505$24,390
3 years$18,834$18,300$17,787$17,292$16,816$14,777
4 years$13,985$13,453$12,944$12,458$11,993$10,045
5 years$11,076$10,547$10,045$9,569$9,117$7,265
6 years$9,137$8,613$8,118$7,652$7,214$5,460
7 years$7,753$7,233$6,746$6,291$5,867$4,210
8 years$6,716$6,200$5,721$5,278$4,867$3,305
9 years$5,909$5,398$4,928$4,495$4,099$2,630
10 years$5,264$4,758$4,296$3,875$3,492$2,114
11 years$4,737$4,236$3,782$3,373$3,004$1,712
12 years$4,298$3,802$3,357$2,958$2,603$1,396
13 years$3,926$3,436$2,999$2,612$2,270$1,143
14 years$3,608$3,123$2,695$2,318$1,990$940
15 years$3,333$2,853$2,433$2,067$1,752$775
16 years$3,092$2,618$2,206$1,851$1,548$641
17 years$2,880$2,411$2,007$1,663$1,373$531
18 years$2,692$2,228$1,832$1,499$1,221$441
19 years$2,524$2,064$1,677$1,354$1,088$366
20 years$2,372$1,918$1,539$1,227$972$305
21 years$2,236$1,787$1,416$1,113$870$254
22 years$2,111$1,668$1,305$1,012$780$211
23 years$1,998$1,560$1,205$922$700$176
24 years$1,895$1,462$1,114$841$629$147
25 years$1,800$1,372$1,032$768$566$123
26 years$1,712$1,289$957$702$510$103
27 years$1,631$1,213$889$643$460$86
28 years$1,556$1,143$826$589$415$72
29 years$1,486$1,079$769$540$374$60
30 years$1,421$1,019$716$496$338$50
31 years$1,360$963$668$455$306$42
32 years$1,303$911$623$418$277$35
33 years$1,250$863$582$385$250$29
34 years$1,200$818$544$354$227$25
35 years$1,153$776$508$326$205$20
36 years$1,109$736$475$300$186$17
37 years$1,067$699$445$276$169$14
38 years$1,027$664$417$255$153$12
39 years$990$632$390$235$139$10
40 years$954$601$366$217$126$8
41 years$921$572$343$200$114$7
42 years$889$545$322$185$104$6
43 years$858$519$302$170$94$5
44 years$829$495$283$157$85$4
45 years$802$472$266$145$77$3
46 years$775$450$250$134$70$3
47 years$750$430$235$124$64$2
48 years$726$410$221$115$58$2
49 years$703$392$207$106$53$2
50 years$681$374$195$98$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $698,000, adding $5,380 every year, while hoping to spend $47,528 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: 58/12/30 Blend
39$698,000$698,000$698,000$698,000
40$774,745$737,751$726,932$813,023
41$803,200$723,332$700,715$825,480
42$832,964$706,613$672,027$833,625
43$864,121$687,431$640,734$841,545
44$896,761$665,615$606,699$849,236
45$930,982$640,982$569,774$856,691
46$966,890$613,338$529,810$863,906
47$1,004,601$582,479$486,646$870,882
48$1,044,239$548,190$440,118$877,619
49$1,085,942$510,241$390,052$884,122
50$1,129,856$468,392$336,268$890,400
51$1,176,145$422,385$278,575$896,465
52$1,224,982$371,953$216,778$902,334
53$1,276,560$316,809$150,670$908,030
54$1,331,088$256,651$80,036$913,583
55$1,388,794$191,162$4,652$919,029
56$1,449,926$120,004$0$924,412
57$1,514,758$42,824$0$954,048
58$1,583,586$0$0$986,904
59$1,656,736$0$0$1,027,030
60$1,734,563$0$0$1,075,769
61$1,817,458$0$0$1,127,716
62$1,905,845$0$0$1,183,141
63$2,000,192$0$0$1,242,341
64$2,101,012$0$0$1,305,644
65$2,208,864$0$0$1,373,406
66$2,324,364$0$0$1,446,019
67$2,448,186$0$0$1,523,913
68$2,581,070$0$0$1,607,560
69$2,723,829$0$0$1,697,477
70$2,877,352$0$0$1,794,233
71$3,042,619$0$0$1,898,453
72$3,220,705$0$0$2,010,820
73$3,412,789$0$0$2,132,089
74$3,620,168$0$0$2,263,087
75$3,844,267$0$0$2,404,722
76$4,086,651$0$0$2,557,995
77$4,349,042$0$0$2,724,003
78$4,633,332$0$0$2,903,954
79$4,941,601$0$0$3,099,177
80$5,276,137$0$0$3,311,131
81$5,639,457$0$0$3,541,423
82$6,034,327$0$0$3,791,821
83$6,463,793$0$0$4,064,269
84$6,931,204$0$0$4,360,905
85$7,440,246$0$0$4,684,083
86$7,994,976$0$0$5,036,394
87$8,599,857$0$0$5,420,689
88$9,259,801$0$0$5,840,105
89$9,980,217$0$0$6,298,097
90$10,767,056$0$0$6,798,466
91$11,626,872$0$0$7,345,399
92$12,566,879$0$0$7,943,503
93$13,595,019$0$0$8,597,854
94$14,720,039$0$0$9,314,038
95$15,951,568$0$0$10,098,208
96$17,300,211$0$0$10,957,139
97$18,777,646$0$0$11,898,291
98$20,396,732$0$0$12,929,882
99$22,171,634$0$0$14,060,961
100$24,117,950$0$0$15,301,496