Can I retire at age 41 with 290,000?

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 $290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$23,948$23,735$23,526$23,323$23,125$22,412
2 years$11,855$11,635$11,421$11,213$11,012$10,299
3 years$7,825$7,603$7,390$7,184$6,986$6,297
4 years$5,810$5,589$5,378$5,176$4,983$4,322
5 years$4,602$4,382$4,174$3,976$3,788$3,157
6 years$3,796$3,578$3,373$3,179$2,997$2,398
7 years$3,221$3,005$2,803$2,614$2,438$1,869
8 years$2,790$2,576$2,377$2,193$2,022$1,484
9 years$2,455$2,243$2,047$1,868$1,703$1,195
10 years$2,187$1,977$1,785$1,610$1,451$972
11 years$1,968$1,760$1,571$1,401$1,248$797
12 years$1,786$1,580$1,395$1,229$1,081$658
13 years$1,631$1,427$1,246$1,085$943$546
14 years$1,499$1,298$1,120$963$827$455
15 years$1,385$1,185$1,011$859$728$380
16 years$1,285$1,088$916$769$643$319
17 years$1,197$1,002$834$691$570$268
18 years$1,118$925$761$623$507$225
19 years$1,048$858$697$563$452$190
20 years$986$797$640$510$404$160
21 years$929$742$588$463$361$136
22 years$877$693$542$421$324$115
23 years$830$648$501$383$291$97
24 years$787$607$463$349$261$82
25 years$748$570$429$319$235$70
26 years$711$536$398$292$212$59
27 years$678$504$369$267$191$50
28 years$646$475$343$245$172$43
29 years$617$448$319$224$156$36
30 years$590$423$298$206$141$31
31 years$565$400$277$189$127$26
32 years$541$379$259$174$115$22
33 years$519$358$242$160$104$19
34 years$499$340$226$147$94$16
35 years$479$322$211$135$85$14
36 years$461$306$198$125$77$12
37 years$443$291$185$115$70$10
38 years$427$276$173$106$64$8
39 years$411$263$162$98$58$7
40 years$396$250$152$90$52$6
41 years$382$238$143$83$47$5
42 years$369$226$134$77$43$4
43 years$357$216$125$71$39$4
44 years$345$206$118$65$35$3
45 years$333$196$111$60$32$3
46 years$322$187$104$56$29$2
47 years$312$179$98$51$27$2
48 years$302$170$92$48$24$2
49 years$292$163$86$44$22$1
50 years$283$155$81$41$20$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $290,000, adding $3,154 every year, while hoping to spend $24,907 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: 68/26/6 Blend
40$290,000$290,000$290,000$290,000
41$322,833$307,463$302,968$344,289
42$329,261$296,028$286,617$347,476
43$335,511$283,198$268,883$347,630
44$341,536$268,878$249,694$347,122
45$347,288$252,968$228,974$345,883
46$352,710$235,362$206,643$343,837
47$357,740$215,949$182,620$340,901
48$362,309$194,610$156,817$336,987
49$366,338$171,219$129,143$331,995
50$369,741$145,645$99,506$325,819
51$372,421$117,748$67,806$318,343
52$374,271$87,381$33,941$309,440
53$375,171$54,387$0$298,971
54$374,989$18,603$0$286,925
55$373,577$0$0$275,326
56$370,772$0$0$267,588
57$366,392$0$0$263,983
58$360,236$0$0$259,037
59$352,082$0$0$252,582
60$341,681$0$0$244,434
61$328,760$0$0$234,386
62$313,016$0$0$222,211
63$294,115$0$0$207,658
64$271,684$0$0$190,448
65$245,314$0$0$170,273
66$214,550$0$0$146,793
67$178,892$0$0$119,632
68$137,783$0$0$88,372
69$90,612$0$0$52,556
70$36,701$0$0$11,673
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0