Can I retire at age 40 with 699,000?

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 $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%12.7%
1 years$57,723$57,209$56,707$56,217$55,739$55,111
2 years$28,576$28,043$27,528$27,028$26,542$25,910
3 years$18,861$18,327$17,812$17,317$16,840$16,223
4 years$14,005$13,472$12,963$12,476$12,010$11,414
5 years$11,092$10,562$10,060$9,583$9,130$8,555
6 years$9,151$8,625$8,130$7,663$7,224$6,672
7 years$7,764$7,243$6,756$6,300$5,875$5,346
8 years$6,725$6,209$5,729$5,285$4,874$4,368
9 years$5,917$5,406$4,935$4,502$4,105$3,621
10 years$5,272$4,765$4,302$3,881$3,497$3,036
11 years$4,744$4,242$3,788$3,377$3,008$2,568
12 years$4,304$3,807$3,361$2,962$2,607$2,188
13 years$3,932$3,441$3,003$2,615$2,273$1,876
14 years$3,614$3,128$2,698$2,322$1,992$1,615
15 years$3,338$2,857$2,436$2,070$1,754$1,397
16 years$3,097$2,621$2,209$1,854$1,550$1,212
17 years$2,884$2,414$2,010$1,666$1,375$1,055
18 years$2,696$2,231$1,835$1,501$1,222$921
19 years$2,527$2,067$1,680$1,356$1,090$805
20 years$2,376$1,921$1,542$1,228$973$705
21 years$2,239$1,789$1,418$1,115$871$619
22 years$2,114$1,670$1,307$1,014$781$543
23 years$2,001$1,562$1,207$923$701$478
24 years$1,897$1,464$1,116$842$630$421
25 years$1,802$1,374$1,034$769$567$371
26 years$1,714$1,291$959$703$511$327
27 years$1,633$1,215$890$644$460$289
28 years$1,558$1,145$827$590$415$255
29 years$1,488$1,080$770$541$375$225
30 years$1,423$1,020$717$496$339$199
31 years$1,362$964$669$456$306$176
32 years$1,305$912$624$419$277$156
33 years$1,252$864$583$385$251$138
34 years$1,202$819$544$354$227$122
35 years$1,155$777$509$326$206$108
36 years$1,110$737$476$300$186$96
37 years$1,068$700$446$277$169$85
38 years$1,029$665$417$255$153$75
39 years$991$633$391$235$139$67
40 years$956$602$366$217$126$59
41 years$922$573$344$200$114$52
42 years$890$546$322$185$104$46
43 years$859$520$302$171$94$41
44 years$831$496$284$157$85$37
45 years$803$473$267$145$78$32
46 years$777$451$250$134$70$29
47 years$751$430$235$124$64$25
48 years$727$411$221$115$58$23
49 years$704$392$208$106$53$20
50 years$682$375$195$98$48$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $699,000, adding $4,069 every year, while hoping to spend $50,865 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: 67/25/8 Blend
39$699,000$699,000$699,000$699,000
40$774,495$737,448$726,614$824,963
41$799,374$719,463$696,835$841,010
42$825,085$698,892$664,355$852,055
43$851,661$675,555$629,027$862,782
44$879,133$649,260$590,702$873,153
45$907,536$619,805$549,223$883,126
46$936,907$586,978$504,424$892,659
47$967,283$550,551$456,133$901,707
48$998,703$510,286$404,171$910,221
49$1,031,211$465,929$348,351$918,151
50$1,064,849$417,215$288,475$925,444
51$1,099,665$363,859$224,340$932,042
52$1,135,707$305,565$155,732$937,887
53$1,173,027$242,016$82,428$942,915
54$1,211,681$172,880$4,194$947,062
55$1,251,727$97,805$0$950,257
56$1,293,225$16,419$0$959,196
57$1,336,241$0$0$967,858
58$1,380,845$0$0$995,541
59$1,427,110$0$0$1,028,945
60$1,475,115$0$0$1,063,609
61$1,524,944$0$0$1,099,595
62$1,576,685$0$0$1,136,968
63$1,630,433$0$0$1,175,797
64$1,686,292$0$0$1,216,157
65$1,744,368$0$0$1,258,127
66$1,804,780$0$0$1,301,793
67$1,867,653$0$0$1,347,245
68$1,933,120$0$0$1,394,583
69$2,001,326$0$0$1,443,912
70$2,072,426$0$0$1,495,345
71$2,146,588$0$0$1,549,005
72$2,223,992$0$0$1,605,025
73$2,304,833$0$0$1,663,546
74$2,389,319$0$0$1,724,723
75$2,477,680$0$0$1,788,721
76$2,570,160$0$0$1,855,722
77$2,667,025$0$0$1,925,921
78$2,768,563$0$0$1,999,529
79$2,875,088$0$0$2,076,775
80$2,986,939$0$0$2,157,909
81$3,104,484$0$0$2,243,202
82$3,228,124$0$0$2,332,948
83$3,358,295$0$0$2,427,468
84$3,495,473$0$0$2,527,110
85$3,640,173$0$0$2,632,256
86$3,792,960$0$0$2,743,318
87$3,954,448$0$0$2,860,750
88$4,125,307$0$0$2,985,045
89$4,306,271$0$0$3,116,742
90$4,498,139$0$0$3,256,429
91$4,701,786$0$0$3,404,750
92$4,918,166$0$0$3,562,410
93$5,148,327$0$0$3,730,177
94$5,393,412$0$0$3,908,895
95$5,654,674$0$0$4,099,488
96$5,933,486$0$0$4,302,965
97$6,231,351$0$0$4,520,434
98$6,549,916$0$0$4,753,110
99$6,890,988$0$0$5,002,325
100$7,256,549$0$0$5,269,537