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%14.9%
1 years$57,640$57,127$56,626$56,137$55,660$54,536
2 years$28,535$28,003$27,488$26,989$26,505$25,377
3 years$18,834$18,300$17,787$17,292$16,816$15,720
4 years$13,985$13,453$12,944$12,458$11,993$10,938
5 years$11,076$10,547$10,045$9,569$9,117$8,105
6 years$9,137$8,613$8,118$7,652$7,214$6,246
7 years$7,753$7,233$6,746$6,291$5,867$4,943
8 years$6,716$6,200$5,721$5,278$4,867$3,988
9 years$5,909$5,398$4,928$4,495$4,099$3,263
10 years$5,264$4,758$4,296$3,875$3,492$2,699
11 years$4,737$4,236$3,782$3,373$3,004$2,252
12 years$4,298$3,802$3,357$2,958$2,603$1,892
13 years$3,926$3,436$2,999$2,612$2,270$1,598
14 years$3,608$3,123$2,695$2,318$1,990$1,357
15 years$3,333$2,853$2,433$2,067$1,752$1,156
16 years$3,092$2,618$2,206$1,851$1,548$988
17 years$2,880$2,411$2,007$1,663$1,373$846
18 years$2,692$2,228$1,832$1,499$1,221$727
19 years$2,524$2,064$1,677$1,354$1,088$625
20 years$2,372$1,918$1,539$1,227$972$539
21 years$2,236$1,787$1,416$1,113$870$465
22 years$2,111$1,668$1,305$1,012$780$402
23 years$1,998$1,560$1,205$922$700$347
24 years$1,895$1,462$1,114$841$629$301
25 years$1,800$1,372$1,032$768$566$260
26 years$1,712$1,289$957$702$510$226
27 years$1,631$1,213$889$643$460$196
28 years$1,556$1,143$826$589$415$170
29 years$1,486$1,079$769$540$374$147
30 years$1,421$1,019$716$496$338$128
31 years$1,360$963$668$455$306$111
32 years$1,303$911$623$418$277$97
33 years$1,250$863$582$385$250$84
34 years$1,200$818$544$354$227$73
35 years$1,153$776$508$326$205$63
36 years$1,109$736$475$300$186$55
37 years$1,067$699$445$276$169$48
38 years$1,027$664$417$255$153$42
39 years$990$632$390$235$139$36
40 years$954$601$366$217$126$32
41 years$921$572$343$200$114$27
42 years$889$545$322$185$104$24
43 years$858$519$302$170$94$21
44 years$829$495$283$157$85$18
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$10
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 $5,154 every year, while hoping to spend $30,975 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: 72/8/20 Blend
39$698,000$698,000$698,000$698,000
40$774,512$737,518$726,699$826,183
41$820,555$740,700$718,087$864,420
42$870,257$742,999$708,147$902,081
43$923,957$744,339$696,804$942,546
44$982,030$744,641$683,976$986,090
45$1,044,887$743,819$669,579$1,033,014
46$1,112,980$741,780$653,525$1,083,651
47$1,186,806$738,430$635,720$1,138,369
48$1,266,912$733,665$616,069$1,197,571
49$1,353,899$727,376$594,469$1,261,706
50$1,448,428$719,449$570,815$1,331,267
51$1,551,227$709,761$544,996$1,406,797
52$1,663,095$698,183$516,897$1,488,897
53$1,784,914$684,577$486,396$1,578,230
54$1,917,652$668,798$453,368$1,675,525
55$2,062,376$650,693$417,679$1,781,589
56$2,220,259$630,097$379,192$1,897,311
57$2,392,593$606,840$337,762$2,023,671
58$2,580,800$580,737$293,240$2,161,752
59$2,786,445$551,597$245,467$2,312,747
60$3,011,252$519,214$194,279$2,477,972
61$3,257,118$483,374$139,505$2,658,879
62$3,526,131$443,846$80,966$2,857,070
63$3,820,593$400,391$18,475$3,074,311
64$4,143,035$352,752$0$3,312,551
65$4,496,249$300,661$0$3,584,227
66$4,883,304$243,832$0$3,886,295
67$5,307,585$181,964$0$4,217,468
68$5,772,818$114,739$0$4,580,676
69$6,283,106$41,821$0$4,979,145
70$6,842,969$0$0$5,416,433
71$7,457,387$0$0$5,899,727
72$8,131,842$0$0$6,434,324
73$8,872,377$0$0$7,021,333
74$9,685,646$0$0$7,666,034
75$10,578,979$0$0$8,374,244
76$11,560,452$0$0$9,152,368
77$12,638,962$0$0$10,007,466
78$13,824,308$0$0$10,947,313
79$15,127,290$0$0$11,980,475
80$16,559,802$0$0$13,116,391
81$18,134,951$0$0$14,365,458
82$19,867,175$0$0$15,739,132
83$21,772,384$0$0$17,250,036
84$23,868,105$0$0$18,912,076
85$26,173,649$0$0$20,740,574
86$28,710,296$0$0$22,752,411
87$31,501,489$0$0$24,966,190
88$34,573,061$0$0$27,402,404
89$37,953,473$0$0$30,083,637
90$41,674,086$0$0$33,034,771
91$45,769,457$0$0$36,283,221
92$50,277,661$0$0$39,859,200
93$55,240,653$0$0$43,795,994
94$60,704,663$0$0$48,130,281
95$66,720,629$0$0$52,902,480
96$73,344,683$0$0$58,157,125
97$80,638,675$0$0$63,943,289
98$88,670,758$0$0$70,315,047
99$97,516,032$0$0$77,331,986
100$107,257,252$0$0$85,059,763