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%14.8%
1 years$57,640$57,127$56,626$56,137$55,660$54,558
2 years$28,535$28,003$27,488$26,989$26,505$25,399
3 years$18,834$18,300$17,787$17,292$16,816$15,741
4 years$13,985$13,453$12,944$12,458$11,993$10,958
5 years$11,076$10,547$10,045$9,569$9,117$8,124
6 years$9,137$8,613$8,118$7,652$7,214$6,264
7 years$7,753$7,233$6,746$6,291$5,867$4,960
8 years$6,716$6,200$5,721$5,278$4,867$4,004
9 years$5,909$5,398$4,928$4,495$4,099$3,278
10 years$5,264$4,758$4,296$3,875$3,492$2,713
11 years$4,737$4,236$3,782$3,373$3,004$2,265
12 years$4,298$3,802$3,357$2,958$2,603$1,905
13 years$3,926$3,436$2,999$2,612$2,270$1,610
14 years$3,608$3,123$2,695$2,318$1,990$1,367
15 years$3,333$2,853$2,433$2,067$1,752$1,166
16 years$3,092$2,618$2,206$1,851$1,548$997
17 years$2,880$2,411$2,007$1,663$1,373$855
18 years$2,692$2,228$1,832$1,499$1,221$734
19 years$2,524$2,064$1,677$1,354$1,088$632
20 years$2,372$1,918$1,539$1,227$972$545
21 years$2,236$1,787$1,416$1,113$870$471
22 years$2,111$1,668$1,305$1,012$780$407
23 years$1,998$1,560$1,205$922$700$352
24 years$1,895$1,462$1,114$841$629$305
25 years$1,800$1,372$1,032$768$566$265
26 years$1,712$1,289$957$702$510$230
27 years$1,631$1,213$889$643$460$199
28 years$1,556$1,143$826$589$415$173
29 years$1,486$1,079$769$540$374$150
30 years$1,421$1,019$716$496$338$131
31 years$1,360$963$668$455$306$113
32 years$1,303$911$623$418$277$99
33 years$1,250$863$582$385$250$86
34 years$1,200$818$544$354$227$75
35 years$1,153$776$508$326$205$65
36 years$1,109$736$475$300$186$57
37 years$1,067$699$445$276$169$49
38 years$1,027$664$417$255$153$43
39 years$990$632$390$235$139$37
40 years$954$601$366$217$126$32
41 years$921$572$343$200$114$28
42 years$889$545$322$185$104$25
43 years$858$519$302$170$94$21
44 years$829$495$283$157$85$19
45 years$802$472$266$145$77$16
46 years$775$450$250$134$70$14
47 years$750$430$235$124$64$12
48 years$726$410$221$115$58$11
49 years$703$392$207$106$53$9
50 years$681$374$195$98$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $698,000, adding $6,229 every year, while hoping to spend $21,029 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: 51/39/10 Blend
39$698,000$698,000$698,000$698,000
40$775,621$738,627$727,808$812,835
41$832,360$752,445$729,815$852,729
42$894,181$766,236$731,184$893,309
43$961,581$779,975$731,873$936,935
44$1,035,106$793,637$731,834$983,899
45$1,115,357$807,195$731,020$1,034,522
46$1,202,995$820,620$729,382$1,089,159
47$1,298,750$833,880$726,865$1,148,201
48$1,403,423$846,940$723,415$1,212,079
49$1,517,896$859,764$718,974$1,281,268
50$1,643,143$872,314$713,481$1,356,293
51$1,780,233$884,547$706,872$1,437,731
52$1,930,345$896,418$699,081$1,526,220
53$2,094,778$907,880$690,037$1,622,463
54$2,274,959$918,880$679,668$1,727,233
55$2,472,465$929,365$667,896$1,841,387
56$2,689,028$939,276$654,643$1,965,865
57$2,926,558$948,550$639,823$2,101,708
58$3,187,159$957,120$623,348$2,250,061
59$3,473,147$964,917$605,128$2,412,187
60$3,787,074$971,863$585,066$2,589,481
61$4,131,750$977,880$563,061$2,783,478
62$4,510,274$982,881$539,008$2,995,873
63$4,926,055$986,775$512,798$3,228,536
64$5,382,851$989,466$484,315$3,483,525
65$5,884,802$990,850$453,440$3,763,114
66$6,436,468$990,818$420,047$4,069,808
67$7,042,874$989,254$384,005$4,406,369
68$7,709,555$986,036$345,177$4,775,845
69$8,442,609$981,031$303,419$5,181,594
70$9,248,755$974,101$258,584$5,627,321
71$10,135,395$965,099$210,513$6,117,108
72$11,110,686$953,869$159,046$6,655,461
73$12,183,612$940,245$104,010$7,247,343
74$13,364,076$924,053$45,230$7,898,229
75$14,662,986$905,105$0$8,614,156
76$16,092,361$883,206$0$9,403,645
77$17,665,446$858,147$0$10,277,438
78$19,396,833$829,708$0$11,238,815
79$21,302,601$797,655$0$12,296,717
80$23,400,467$761,741$0$13,461,001
81$25,709,953$721,704$0$14,742,531
82$28,252,569$677,269$0$16,153,283
83$31,052,019$628,143$0$17,706,459
84$34,134,420$574,017$0$19,416,611
85$37,528,551$514,564$0$21,299,781
86$41,266,125$449,439$0$23,373,649
87$45,382,086$378,277$0$25,657,707
88$49,914,939$300,694$0$28,173,436
89$54,907,116$216,280$0$30,944,517
90$60,405,371$124,608$0$33,997,052
91$66,461,227$25,222$0$37,359,812
92$73,131,457$0$0$41,064,507
93$80,478,624$0$0$45,181,436
94$88,571,665$0$0$49,728,339
95$97,486,550$0$0$54,737,085
96$107,306,991$0$0$60,254,722
97$118,125,237$0$0$66,333,093
98$130,042,941$0$0$73,029,328
99$143,172,122$0$0$80,406,382
100$157,636,221$0$0$88,533,629