Can I retire at age 40 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$57,558$57,045$56,545$56,056$55,580$54,324
2 years$28,494$27,963$27,449$26,950$26,467$25,209
3 years$18,807$18,274$17,761$17,267$16,791$15,570
4 years$13,965$13,434$12,926$12,440$11,976$10,800
5 years$11,060$10,532$10,031$9,555$9,104$7,978
6 years$9,124$8,600$8,106$7,641$7,204$6,128
7 years$7,742$7,222$6,736$6,282$5,858$4,834
8 years$6,706$6,191$5,713$5,270$4,860$3,886
9 years$5,901$5,390$4,921$4,489$4,093$3,168
10 years$5,257$4,751$4,290$3,870$3,487$2,611
11 years$4,730$4,230$3,777$3,368$2,999$2,170
12 years$4,291$3,796$3,352$2,954$2,599$1,816
13 years$3,921$3,431$2,995$2,608$2,266$1,528
14 years$3,603$3,119$2,691$2,315$1,987$1,292
15 years$3,328$2,849$2,429$2,065$1,749$1,096
16 years$3,088$2,614$2,203$1,849$1,546$932
17 years$2,876$2,407$2,004$1,661$1,371$795
18 years$2,688$2,224$1,830$1,497$1,219$680
19 years$2,520$2,062$1,675$1,353$1,086$583
20 years$2,369$1,916$1,537$1,225$970$500
21 years$2,232$1,784$1,414$1,112$868$429
22 years$2,108$1,666$1,303$1,011$778$369
23 years$1,995$1,558$1,203$921$699$318
24 years$1,892$1,460$1,113$840$628$274
25 years$1,797$1,370$1,031$767$565$236
26 years$1,709$1,287$956$701$509$204
27 years$1,628$1,212$888$642$459$176
28 years$1,553$1,142$825$588$414$152
29 years$1,484$1,077$768$539$374$131
30 years$1,419$1,017$715$495$338$113
31 years$1,358$962$667$454$305$98
32 years$1,301$910$622$418$276$85
33 years$1,248$862$581$384$250$73
34 years$1,198$817$543$353$226$63
35 years$1,151$775$507$325$205$55
36 years$1,107$735$475$300$186$47
37 years$1,065$698$444$276$168$41
38 years$1,026$664$416$254$153$35
39 years$988$631$390$235$138$31
40 years$953$600$365$216$126$27
41 years$919$571$343$200$114$23
42 years$887$544$321$184$103$20
43 years$857$519$302$170$94$17
44 years$828$494$283$157$85$15
45 years$801$471$266$145$77$13
46 years$774$450$250$134$70$11
47 years$749$429$235$124$64$10
48 years$725$410$220$114$58$8
49 years$702$391$207$106$53$7
50 years$681$374$195$98$48$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $697,000, adding $6,393 every year, while hoping to spend $25,450 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: 80/7/13 Blend
39$697,000$697,000$697,000$697,000
40$774,688$737,747$726,944$834,217
41$826,628$746,818$724,218$883,317
42$883,012$755,481$720,548$933,245
43$944,268$763,688$715,875$987,301
44$1,010,865$771,390$710,137$1,045,888
45$1,083,318$778,533$703,272$1,109,449
46$1,162,195$785,060$695,211$1,178,470
47$1,248,123$790,911$685,883$1,253,489
48$1,341,787$796,022$675,216$1,335,097
49$1,443,945$800,323$663,132$1,423,947
50$1,555,430$803,741$649,550$1,520,756
51$1,677,159$806,200$634,385$1,626,316
52$1,810,141$807,616$617,549$1,741,499
53$1,955,488$807,901$598,949$1,867,266
54$2,114,423$806,963$578,488$2,004,675
55$2,288,292$804,702$556,066$2,154,894
56$2,478,579$801,014$531,575$2,319,208
57$2,686,917$795,787$504,906$2,499,033
58$2,915,105$788,902$475,943$2,695,932
59$3,165,123$780,236$444,564$2,911,624
60$3,439,151$769,653$410,643$3,148,007
61$3,739,594$757,015$374,048$3,407,169
62$4,069,095$742,172$334,641$3,691,415
63$4,430,569$724,965$292,279$4,003,281
64$4,827,226$705,227$246,809$4,345,567
65$5,262,601$682,781$198,075$4,721,354
66$5,740,589$657,440$145,914$5,134,039
67$6,265,480$629,005$90,152$5,587,369
68$6,841,999$597,267$30,613$6,085,469
69$7,475,353$562,002$0$6,632,888
70$8,171,276$522,977$0$7,239,206
71$8,936,086$479,943$0$7,910,208
72$9,776,744$432,638$0$8,647,761
73$10,700,918$380,784$0$9,458,605
74$11,717,057$324,087$0$10,350,167
75$12,834,468$262,239$0$11,330,628
76$14,063,407$194,912$0$12,409,007
77$15,415,172$121,760$0$13,595,238
78$16,902,212$42,419$0$14,900,269
79$18,538,243$0$0$16,336,164
80$20,338,377$0$0$17,919,567
81$22,319,266$0$0$19,665,580
82$24,499,256$0$0$21,587,110
83$26,898,563$0$0$23,701,979
84$29,539,461$0$0$26,029,823
85$32,446,495$0$0$28,592,280
86$35,646,707$0$0$31,413,192
87$39,169,896$0$0$34,518,828
88$43,048,899$0$0$37,938,136
89$47,319,895$0$0$41,703,012
90$52,022,753$0$0$45,848,605
91$57,201,405$0$0$50,413,642
92$62,904,256$0$0$55,440,800
93$69,184,651$0$0$60,977,105
94$76,101,367$0$0$67,074,375
95$83,719,174$0$0$73,789,711
96$92,109,445$0$0$81,186,035
97$101,350,827$0$0$89,332,681
98$111,529,986$0$0$98,306,054
99$122,742,423$0$0$108,190,347
100$135,093,374$0$0$119,078,335