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%11%
1 years$57,723$57,209$56,707$56,217$55,739$55,504
2 years$28,576$28,043$27,528$27,028$26,542$26,305
3 years$18,861$18,327$17,812$17,317$16,840$16,608
4 years$14,005$13,472$12,963$12,476$12,010$11,785
5 years$11,092$10,562$10,060$9,583$9,130$8,912
6 years$9,151$8,625$8,130$7,663$7,224$7,014
7 years$7,764$7,243$6,756$6,300$5,875$5,673
8 years$6,725$6,209$5,729$5,285$4,874$4,680
9 years$5,917$5,406$4,935$4,502$4,105$3,919
10 years$5,272$4,765$4,302$3,881$3,497$3,319
11 years$4,744$4,242$3,788$3,377$3,008$2,837
12 years$4,304$3,807$3,361$2,962$2,607$2,444
13 years$3,932$3,441$3,003$2,615$2,273$2,118
14 years$3,614$3,128$2,698$2,322$1,992$1,844
15 years$3,338$2,857$2,436$2,070$1,754$1,613
16 years$3,097$2,621$2,209$1,854$1,550$1,416
17 years$2,884$2,414$2,010$1,666$1,375$1,247
18 years$2,696$2,231$1,835$1,501$1,222$1,101
19 years$2,527$2,067$1,680$1,356$1,090$975
20 years$2,376$1,921$1,542$1,228$973$865
21 years$2,239$1,789$1,418$1,115$871$768
22 years$2,114$1,670$1,307$1,014$781$683
23 years$2,001$1,562$1,207$923$701$609
24 years$1,897$1,464$1,116$842$630$543
25 years$1,802$1,374$1,034$769$567$485
26 years$1,714$1,291$959$703$511$434
27 years$1,633$1,215$890$644$460$388
28 years$1,558$1,145$827$590$415$347
29 years$1,488$1,080$770$541$375$311
30 years$1,423$1,020$717$496$339$279
31 years$1,362$964$669$456$306$250
32 years$1,305$912$624$419$277$224
33 years$1,252$864$583$385$251$201
34 years$1,202$819$544$354$227$181
35 years$1,155$777$509$326$206$162
36 years$1,110$737$476$300$186$146
37 years$1,068$700$446$277$169$131
38 years$1,029$665$417$255$153$118
39 years$991$633$391$235$139$106
40 years$956$602$366$217$126$95
41 years$922$573$344$200$114$86
42 years$890$546$322$185$104$77
43 years$859$520$302$171$94$69
44 years$831$496$284$157$85$63
45 years$803$473$267$145$78$56
46 years$777$451$250$134$70$51
47 years$751$430$235$124$64$46
48 years$727$411$221$115$58$41
49 years$704$392$208$106$53$37
50 years$682$375$195$98$48$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $699,000, adding $3,808 every year, while hoping to spend $42,197 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: 45/36/19 Blend
39$699,000$699,000$699,000$699,000
40$774,226$737,179$726,344$804,681
41$808,300$728,403$705,780$817,639
42$844,435$717,784$683,112$827,196
43$882,797$705,185$658,226$836,677
44$923,567$690,464$631,001$846,095
45$966,943$673,469$601,312$855,466
46$1,013,143$654,041$569,028$864,812
47$1,062,404$632,009$534,011$874,159
48$1,114,986$607,194$496,117$883,542
49$1,171,174$579,406$455,196$892,999
50$1,231,281$548,444$411,092$902,579
51$1,295,649$514,095$363,641$912,341
52$1,364,653$476,134$312,672$922,351
53$1,438,708$434,324$258,006$932,690
54$1,518,263$388,414$199,456$943,451
55$1,603,817$338,137$136,829$954,741
56$1,695,915$283,214$69,921$966,685
57$1,795,154$223,347$0$979,426
58$1,902,192$158,224$0$993,429
59$2,017,753$87,514$0$1,023,730
60$2,142,629$10,867$0$1,056,398
61$2,277,692$0$0$1,091,728
62$2,423,903$0$0$1,158,603
63$2,582,315$0$0$1,235,792
64$2,754,086$0$0$1,319,563
65$2,940,492$0$0$1,410,547
66$3,142,934$0$0$1,509,437
67$3,362,955$0$0$1,616,997
68$3,602,250$0$0$1,734,067
69$3,862,685$0$0$1,861,570
70$4,146,315$0$0$2,000,523
71$4,455,399$0$0$2,152,045
72$4,792,423$0$0$2,317,368
73$5,160,124$0$0$2,497,846
74$5,561,516$0$0$2,694,973
75$5,999,914$0$0$2,910,391
76$6,478,969$0$0$3,145,908
77$7,002,701$0$0$3,403,515
78$7,575,533$0$0$3,685,405
79$8,202,339$0$0$3,993,992
80$8,888,483$0$0$4,331,935
81$9,639,873$0$0$4,702,159
82$10,463,016$0$0$5,107,891
83$11,365,075$0$0$5,552,679
84$12,353,941$0$0$6,040,435
85$13,438,304$0$0$6,575,465
86$14,627,737$0$0$7,162,515
87$15,932,782$0$0$7,806,808
88$17,365,052$0$0$8,514,102
89$18,937,338$0$0$9,290,735
90$20,663,730$0$0$10,143,694
91$22,559,749$0$0$11,080,671
92$24,642,495$0$0$12,110,144
93$26,930,802$0$0$13,241,448
94$29,445,423$0$0$14,484,872
95$32,209,216$0$0$15,851,748
96$35,247,368$0$0$17,354,562
97$38,587,625$0$0$19,007,071
98$42,260,556$0$0$20,824,428
99$46,299,842$0$0$22,823,334
100$50,742,589$0$0$25,022,184