Can I retire at age 40 with 698,000?

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 $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%14%
1 years$57,640$57,127$56,626$56,137$55,660$54,737
2 years$28,535$28,003$27,488$26,989$26,505$25,578
3 years$18,834$18,300$17,787$17,292$16,816$15,914
4 years$13,985$13,453$12,944$12,458$11,993$11,123
5 years$11,076$10,547$10,045$9,569$9,117$8,281
6 years$9,137$8,613$8,118$7,652$7,214$6,413
7 years$7,753$7,233$6,746$6,291$5,867$5,101
8 years$6,716$6,200$5,721$5,278$4,867$4,137
9 years$5,909$5,398$4,928$4,495$4,099$3,403
10 years$5,264$4,758$4,296$3,875$3,492$2,831
11 years$4,737$4,236$3,782$3,373$3,004$2,375
12 years$4,298$3,802$3,357$2,958$2,603$2,007
13 years$3,926$3,436$2,999$2,612$2,270$1,706
14 years$3,608$3,123$2,695$2,318$1,990$1,457
15 years$3,333$2,853$2,433$2,067$1,752$1,249
16 years$3,092$2,618$2,206$1,851$1,548$1,074
17 years$2,880$2,411$2,007$1,663$1,373$926
18 years$2,692$2,228$1,832$1,499$1,221$800
19 years$2,524$2,064$1,677$1,354$1,088$693
20 years$2,372$1,918$1,539$1,227$972$601
21 years$2,236$1,787$1,416$1,113$870$522
22 years$2,111$1,668$1,305$1,012$780$454
23 years$1,998$1,560$1,205$922$700$396
24 years$1,895$1,462$1,114$841$629$345
25 years$1,800$1,372$1,032$768$566$301
26 years$1,712$1,289$957$702$510$263
27 years$1,631$1,213$889$643$460$230
28 years$1,556$1,143$826$589$415$201
29 years$1,486$1,079$769$540$374$175
30 years$1,421$1,019$716$496$338$153
31 years$1,360$963$668$455$306$134
32 years$1,303$911$623$418$277$118
33 years$1,250$863$582$385$250$103
34 years$1,200$818$544$354$227$90
35 years$1,153$776$508$326$205$79
36 years$1,109$736$475$300$186$69
37 years$1,067$699$445$276$169$61
38 years$1,027$664$417$255$153$53
39 years$990$632$390$235$139$47
40 years$954$601$366$217$126$41
41 years$921$572$343$200$114$36
42 years$889$545$322$185$104$31
43 years$858$519$302$170$94$27
44 years$829$495$283$157$85$24
45 years$802$472$266$145$77$21
46 years$775$450$250$134$70$19
47 years$750$430$235$124$64$16
48 years$726$410$221$115$58$14
49 years$703$392$207$106$53$12
50 years$681$374$195$98$48$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $698,000, adding $6,176 every year, while hoping to spend $55,674 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: 46/40/14 Blend
39$698,000$698,000$698,000$698,000
40$775,567$738,573$727,754$807,900
41$795,438$715,526$692,897$807,931
42$815,470$689,484$655,006$801,809
43$835,620$660,241$613,921$793,946
44$855,841$627,580$569,475$784,202
45$876,076$591,271$521,492$772,428
46$896,262$551,070$469,789$758,462
47$916,329$506,721$414,174$742,133
48$936,195$457,951$354,450$723,258
49$955,769$404,472$290,406$701,640
50$974,948$345,982$221,825$677,067
51$993,616$282,159$148,480$649,313
52$1,011,645$212,664$70,133$618,138
53$1,028,887$137,139$0$583,279
54$1,045,181$55,207$0$546,474
55$1,060,345$0$0$516,720
56$1,074,174$0$0$498,010
57$1,086,443$0$0$502,765
58$1,096,899$0$0$506,554
59$1,105,260$0$0$509,233
60$1,111,212$0$0$510,643
61$1,114,408$0$0$510,604
62$1,114,460$0$0$508,920
63$1,110,939$0$0$505,370
64$1,103,366$0$0$499,711
65$1,091,214$0$0$491,673
66$1,073,894$0$0$480,956
67$1,050,755$0$0$467,229
68$1,021,078$0$0$450,124
69$984,062$0$0$429,235
70$938,823$0$0$404,110
71$884,384$0$0$374,252
72$819,661$0$0$339,109
73$743,455$0$0$298,073
74$654,443$0$0$250,468
75$551,159$0$0$195,551
76$431,983$0$0$132,498
77$295,127$0$0$60,398
78$138,612$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0