Can I retire at age 41 with 300,000?

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 $300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$24,774$24,553$24,338$24,128$23,922$23,594
2 years$12,264$12,036$11,814$11,600$11,392$11,061
3 years$8,095$7,866$7,645$7,432$7,227$6,906
4 years$6,011$5,782$5,563$5,354$5,155$4,844
5 years$4,760$4,533$4,317$4,113$3,918$3,619
6 years$3,927$3,702$3,489$3,289$3,101$2,814
7 years$3,332$3,109$2,899$2,704$2,522$2,247
8 years$2,886$2,665$2,459$2,268$2,092$1,829
9 years$2,540$2,320$2,118$1,932$1,762$1,511
10 years$2,262$2,045$1,846$1,666$1,501$1,262
11 years$2,036$1,821$1,626$1,449$1,291$1,064
12 years$1,847$1,634$1,443$1,271$1,119$903
13 years$1,688$1,477$1,289$1,122$976$771
14 years$1,551$1,342$1,158$996$855$661
15 years$1,433$1,226$1,046$889$753$570
16 years$1,329$1,125$948$796$665$492
17 years$1,238$1,036$863$715$590$427
18 years$1,157$957$787$644$525$371
19 years$1,085$887$721$582$468$323
20 years$1,020$825$662$527$418$281
21 years$961$768$609$479$374$246
22 years$907$717$561$435$335$215
23 years$859$671$518$396$301$188
24 years$814$628$479$361$270$165
25 years$773$590$444$330$243$145
26 years$736$554$411$302$219$127
27 years$701$521$382$276$198$112
28 years$669$491$355$253$178$98
29 years$639$464$330$232$161$86
30 years$611$438$308$213$145$76
31 years$585$414$287$196$131$67
32 years$560$392$268$180$119$59
33 years$537$371$250$165$108$52
34 years$516$351$234$152$97$46
35 years$496$333$218$140$88$40
36 years$476$316$204$129$80$35
37 years$458$301$191$119$72$31
38 years$441$286$179$110$66$28
39 years$425$272$168$101$60$24
40 years$410$258$157$93$54$21
41 years$396$246$147$86$49$19
42 years$382$234$138$79$44$17
43 years$369$223$130$73$40$15
44 years$356$213$122$68$37$13
45 years$345$203$114$62$33$11
46 years$333$194$107$58$30$10
47 years$323$185$101$53$27$9
48 years$312$176$95$49$25$8
49 years$302$168$89$45$23$7
50 years$293$161$84$42$21$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $300,000, adding $5,361 every year, while hoping to spend $22,553 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: 45/26/29 Blend
40$300,000$300,000$300,000$300,000
41$336,130$320,230$315,580$348,232
42$346,419$311,925$302,156$349,064
43$357,002$302,457$287,526$347,397
44$367,884$291,746$271,626$345,160
45$379,072$279,705$254,389$342,313
46$390,572$266,245$235,746$338,814
47$402,389$251,270$215,622$334,616
48$414,528$234,678$193,941$329,674
49$426,996$216,363$170,624$323,934
50$439,796$196,211$145,586$317,346
51$452,932$174,103$118,741$309,851
52$466,410$149,912$89,997$301,390
53$480,231$123,506$59,260$291,900
54$494,399$94,742$26,429$281,314
55$508,916$63,472$0$269,561
56$523,782$29,538$0$259,229
57$538,997$0$0$256,478
58$554,561$0$0$255,138
59$570,470$0$0$262,402
60$586,722$0$0$269,816
61$603,311$0$0$277,376
62$620,229$0$0$285,079
63$637,467$0$0$292,918
64$655,013$0$0$300,889
65$672,854$0$0$308,982
66$690,972$0$0$317,189
67$709,347$0$0$325,499
68$727,955$0$0$333,899
69$746,767$0$0$342,375
70$765,753$0$0$350,910
71$784,873$0$0$359,484
72$804,086$0$0$368,075
73$823,342$0$0$376,658
74$842,585$0$0$385,204
75$861,752$0$0$393,680
76$880,770$0$0$402,051
77$899,558$0$0$410,274
78$918,024$0$0$418,304
79$936,066$0$0$426,087
80$953,566$0$0$433,565
81$970,396$0$0$440,672
82$986,408$0$0$447,335
83$1,001,439$0$0$453,472
84$1,015,309$0$0$458,991
85$1,027,812$0$0$463,789
86$1,038,722$0$0$467,754
87$1,047,786$0$0$470,757
88$1,054,723$0$0$472,659
89$1,059,219$0$0$473,302
90$1,060,927$0$0$472,512
91$1,059,460$0$0$470,096
92$1,054,388$0$0$465,839
93$1,045,235$0$0$459,503
94$1,031,472$0$0$450,825
95$1,012,513$0$0$439,512
96$987,710$0$0$425,240
97$956,342$0$0$407,651
98$917,612$0$0$386,347
99$870,640$0$0$360,890
100$814,448$0$0$330,792