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%16.9%
1 years$57,723$57,209$56,707$56,217$55,739$54,172
2 years$28,576$28,043$27,528$27,028$26,542$24,976
3 years$18,861$18,327$17,812$17,317$16,840$15,322
4 years$14,005$13,472$12,963$12,476$12,010$10,554
5 years$11,092$10,562$10,060$9,583$9,130$7,738
6 years$9,151$8,625$8,130$7,663$7,224$5,899
7 years$7,764$7,243$6,756$6,300$5,875$4,616
8 years$6,725$6,209$5,729$5,285$4,874$3,680
9 years$5,917$5,406$4,935$4,502$4,105$2,975
10 years$5,272$4,765$4,302$3,881$3,497$2,431
11 years$4,744$4,242$3,788$3,377$3,008$2,003
12 years$4,304$3,807$3,361$2,962$2,607$1,661
13 years$3,932$3,441$3,003$2,615$2,273$1,384
14 years$3,614$3,128$2,698$2,322$1,992$1,159
15 years$3,338$2,857$2,436$2,070$1,754$973
16 years$3,097$2,621$2,209$1,854$1,550$820
17 years$2,884$2,414$2,010$1,666$1,375$693
18 years$2,696$2,231$1,835$1,501$1,222$586
19 years$2,527$2,067$1,680$1,356$1,090$497
20 years$2,376$1,921$1,542$1,228$973$422
21 years$2,239$1,789$1,418$1,115$871$358
22 years$2,114$1,670$1,307$1,014$781$305
23 years$2,001$1,562$1,207$923$701$259
24 years$1,897$1,464$1,116$842$630$221
25 years$1,802$1,374$1,034$769$567$188
26 years$1,714$1,291$959$703$511$161
27 years$1,633$1,215$890$644$460$137
28 years$1,558$1,145$827$590$415$117
29 years$1,488$1,080$770$541$375$100
30 years$1,423$1,020$717$496$339$85
31 years$1,362$964$669$456$306$73
32 years$1,305$912$624$419$277$62
33 years$1,252$864$583$385$251$53
34 years$1,202$819$544$354$227$46
35 years$1,155$777$509$326$206$39
36 years$1,110$737$476$300$186$33
37 years$1,068$700$446$277$169$28
38 years$1,029$665$417$255$153$24
39 years$991$633$391$235$139$21
40 years$956$602$366$217$126$18
41 years$922$573$344$200$114$15
42 years$890$546$322$185$104$13
43 years$859$520$302$171$94$11
44 years$831$496$284$157$85$10
45 years$803$473$267$145$78$8
46 years$777$451$250$134$70$7
47 years$751$430$235$124$64$6
48 years$727$411$221$115$58$5
49 years$704$392$208$106$53$4
50 years$682$375$195$98$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $699,000, adding $5,355 every year, while hoping to spend $50,105 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: 76/19/5 Blend
39$699,000$699,000$699,000$699,000
40$775,822$738,775$727,940$834,139
41$801,644$721,663$699,015$856,068
42$828,421$702,034$667,441$873,099
43$856,197$679,711$633,078$890,290
44$885,020$654,507$595,776$907,637
45$914,939$626,225$555,382$925,134
46$946,009$594,657$511,733$942,776
47$978,287$559,580$464,662$960,560
48$1,011,835$520,762$413,990$978,481
49$1,046,718$477,955$359,535$996,535
50$1,083,007$430,899$301,103$1,014,720
51$1,120,778$379,317$238,494$1,033,034
52$1,160,111$322,917$171,497$1,051,476
53$1,201,094$261,392$99,894$1,070,046
54$1,243,821$194,415$23,456$1,088,748
55$1,288,393$121,644$0$1,107,584
56$1,334,919$42,714$0$1,129,661
57$1,383,516$0$0$1,153,426
58$1,434,312$0$0$1,186,590
59$1,487,444$0$0$1,230,627
60$1,543,061$0$0$1,276,730
61$1,601,324$0$0$1,325,034
62$1,662,406$0$0$1,375,685
63$1,726,498$0$0$1,428,840
64$1,793,805$0$0$1,484,671
65$1,864,551$0$0$1,543,365
66$1,938,977$0$0$1,605,124
67$2,017,349$0$0$1,670,169
68$2,099,953$0$0$1,738,741
69$2,187,103$0$0$1,811,100
70$2,279,140$0$0$1,887,533
71$2,376,438$0$0$1,968,351
72$2,479,401$0$0$2,053,893
73$2,588,475$0$0$2,144,531
74$2,704,144$0$0$2,240,670
75$2,826,937$0$0$2,342,752
76$2,957,436$0$0$2,451,264
77$3,096,273$0$0$2,566,735
78$3,244,142$0$0$2,689,745
79$3,401,804$0$0$2,820,930
80$3,570,090$0$0$2,960,987
81$3,749,912$0$0$3,110,677
82$3,942,270$0$0$3,270,837
83$4,148,259$0$0$3,442,384
84$4,369,081$0$0$3,626,323
85$4,606,054$0$0$3,823,757
86$4,860,626$0$0$4,035,898
87$5,134,383$0$0$4,264,074
88$5,429,071$0$0$4,509,744
89$5,746,602$0$0$4,774,510
90$6,089,079$0$0$5,060,133
91$6,458,814$0$0$5,368,547
92$6,858,344$0$0$5,701,875
93$7,290,460$0$0$6,062,453
94$7,758,226$0$0$6,452,848
95$8,265,016$0$0$6,875,883
96$8,814,535$0$0$7,334,659
97$9,410,858$0$0$7,832,590
98$10,058,470$0$0$8,373,428
99$10,762,302$0$0$8,961,303
100$11,527,776$0$0$9,600,754