Can I retire at age 40 with 699,000?

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 $699,000?

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$57,723$57,209$56,707$56,217$55,739$53,998
2 years$28,576$28,043$27,528$27,028$26,542$24,804
3 years$18,861$18,327$17,812$17,317$16,840$15,158
4 years$14,005$13,472$12,963$12,476$12,010$10,399
5 years$11,092$10,562$10,060$9,583$9,130$7,593
6 years$9,151$8,625$8,130$7,663$7,224$5,762
7 years$7,764$7,243$6,756$6,300$5,875$4,489
8 years$6,725$6,209$5,729$5,285$4,874$3,562
9 years$5,917$5,406$4,935$4,502$4,105$2,866
10 years$5,272$4,765$4,302$3,881$3,497$2,330
11 years$4,744$4,242$3,788$3,377$3,008$1,909
12 years$4,304$3,807$3,361$2,962$2,607$1,575
13 years$3,932$3,441$3,003$2,615$2,273$1,306
14 years$3,614$3,128$2,698$2,322$1,992$1,087
15 years$3,338$2,857$2,436$2,070$1,754$908
16 years$3,097$2,621$2,209$1,854$1,550$761
17 years$2,884$2,414$2,010$1,666$1,375$639
18 years$2,696$2,231$1,835$1,501$1,222$537
19 years$2,527$2,067$1,680$1,356$1,090$453
20 years$2,376$1,921$1,542$1,228$973$382
21 years$2,239$1,789$1,418$1,115$871$322
22 years$2,114$1,670$1,307$1,014$781$273
23 years$2,001$1,562$1,207$923$701$231
24 years$1,897$1,464$1,116$842$630$195
25 years$1,802$1,374$1,034$769$567$165
26 years$1,714$1,291$959$703$511$140
27 years$1,633$1,215$890$644$460$119
28 years$1,558$1,145$827$590$415$101
29 years$1,488$1,080$770$541$375$85
30 years$1,423$1,020$717$496$339$73
31 years$1,362$964$669$456$306$62
32 years$1,305$912$624$419$277$52
33 years$1,252$864$583$385$251$44
34 years$1,202$819$544$354$227$38
35 years$1,155$777$509$326$206$32
36 years$1,110$737$476$300$186$27
37 years$1,068$700$446$277$169$23
38 years$1,029$665$417$255$153$20
39 years$991$633$391$235$139$17
40 years$956$602$366$217$126$14
41 years$922$573$344$200$114$12
42 years$890$546$322$185$104$10
43 years$859$520$302$171$94$9
44 years$831$496$284$157$85$7
45 years$803$473$267$145$78$6
46 years$777$451$250$134$70$5
47 years$751$430$235$124$64$5
48 years$727$411$221$115$58$4
49 years$704$392$208$106$53$3
50 years$682$375$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 $699,000, adding $2,005 every year, while hoping to spend $32,427 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: 60/11/29 Blend
39$699,000$699,000$699,000$699,000
40$772,366$735,319$724,485$812,518
41$816,645$736,848$714,253$841,696
42$864,354$737,364$702,591$869,888
43$915,809$736,785$689,418$899,980
44$971,355$735,021$674,647$932,165
45$1,031,374$731,978$658,189$966,657
46$1,096,285$727,556$639,949$1,003,693
47$1,166,547$721,648$619,829$1,043,535
48$1,242,667$714,141$597,725$1,086,474
49$1,325,201$704,916$573,531$1,132,833
50$1,414,761$693,846$547,133$1,182,967
51$1,512,019$680,796$518,415$1,237,271
52$1,617,715$665,626$487,252$1,296,180
53$1,732,664$648,183$453,517$1,360,177
54$1,857,760$628,309$417,074$1,429,795
55$1,993,990$605,834$377,785$1,505,625
56$2,142,438$580,581$335,501$1,588,320
57$2,304,296$552,359$290,071$1,678,600
58$2,480,880$520,970$241,333$1,777,264
59$2,673,633$486,201$189,121$1,885,192
60$2,884,148$447,829$133,261$2,003,360
61$3,114,176$405,618$73,570$2,132,843
62$3,365,646$359,317$9,859$2,274,831
63$3,640,682$308,664$0$2,430,639
64$3,941,621$253,378$0$2,619,706
65$4,271,038$193,165$0$2,830,073
66$4,631,767$127,714$0$3,060,524
67$5,026,931$56,695$0$3,313,085
68$5,459,968$0$0$3,589,988
69$5,934,664$0$0$3,896,143
70$6,455,188$0$0$4,239,436
71$7,026,135$0$0$4,616,041
72$7,652,562$0$0$5,029,301
73$8,340,042$0$0$5,482,900
74$9,094,714$0$0$5,980,895
75$9,923,337$0$0$6,527,757
76$10,833,360$0$0$7,128,407
77$11,832,988$0$0$7,788,271
78$12,931,259$0$0$8,513,323
79$14,138,129$0$0$9,310,145
80$15,464,568$0$0$10,185,990
81$16,922,661$0$0$11,148,847
82$18,525,722$0$0$12,207,518
83$20,288,419$0$0$13,371,700
84$22,226,913$0$0$14,652,077
85$24,359,009$0$0$16,060,422
86$26,704,325$0$0$17,609,703
87$29,284,474$0$0$19,314,212
88$32,123,273$0$0$21,189,692
89$35,246,961$0$0$23,253,493
90$38,684,449$0$0$25,524,728
91$42,467,593$0$0$28,024,460
92$46,631,494$0$0$30,775,895
93$51,214,827$0$0$33,804,604
94$56,260,208$0$0$37,138,763
95$61,814,594$0$0$40,809,418
96$67,929,726$0$0$44,850,778
97$74,662,619$0$0$49,300,539
98$82,076,094$0$0$54,200,238
99$90,239,377$0$0$59,595,644
100$99,228,749$0$0$65,537,191