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%13.4%
1 years$24,774$24,553$24,338$24,128$23,922$23,584
2 years$12,264$12,036$11,814$11,600$11,392$11,052
3 years$8,095$7,866$7,645$7,432$7,227$6,896
4 years$6,011$5,782$5,563$5,354$5,155$4,835
5 years$4,760$4,533$4,317$4,113$3,918$3,611
6 years$3,927$3,702$3,489$3,289$3,101$2,805
7 years$3,332$3,109$2,899$2,704$2,522$2,239
8 years$2,886$2,665$2,459$2,268$2,092$1,822
9 years$2,540$2,320$2,118$1,932$1,762$1,504
10 years$2,262$2,045$1,846$1,666$1,501$1,256
11 years$2,036$1,821$1,626$1,449$1,291$1,058
12 years$1,847$1,634$1,443$1,271$1,119$897
13 years$1,688$1,477$1,289$1,122$976$766
14 years$1,551$1,342$1,158$996$855$656
15 years$1,433$1,226$1,046$889$753$565
16 years$1,329$1,125$948$796$665$488
17 years$1,238$1,036$863$715$590$422
18 years$1,157$957$787$644$525$367
19 years$1,085$887$721$582$468$319
20 years$1,020$825$662$527$418$278
21 years$961$768$609$479$374$243
22 years$907$717$561$435$335$212
23 years$859$671$518$396$301$186
24 years$814$628$479$361$270$162
25 years$773$590$444$330$243$142
26 years$736$554$411$302$219$125
27 years$701$521$382$276$198$110
28 years$669$491$355$253$178$96
29 years$639$464$330$232$161$85
30 years$611$438$308$213$145$74
31 years$585$414$287$196$131$65
32 years$560$392$268$180$119$58
33 years$537$371$250$165$108$51
34 years$516$351$234$152$97$45
35 years$496$333$218$140$88$39
36 years$476$316$204$129$80$35
37 years$458$301$191$119$72$30
38 years$441$286$179$110$66$27
39 years$425$272$168$101$60$24
40 years$410$258$157$93$54$21
41 years$396$246$147$86$49$18
42 years$382$234$138$79$44$16
43 years$369$223$130$73$40$14
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 $4,732 every year, while hoping to spend $20,719 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: 53/22/25 Blend
40$300,000$300,000$300,000$300,000
41$335,481$319,581$314,931$350,707
42$347,655$313,196$303,436$355,345
43$360,377$305,803$290,862$357,871
44$373,680$297,332$277,151$360,196
45$387,601$287,707$262,241$362,307
46$402,179$276,848$246,069$364,193
47$417,459$264,671$228,570$365,843
48$433,486$251,086$209,673$367,246
49$450,312$235,999$189,308$368,391
50$467,991$219,310$167,397$369,267
51$486,583$200,914$143,862$369,865
52$506,154$180,698$118,620$370,175
53$526,774$158,544$91,586$370,190
54$548,521$134,329$62,670$369,903
55$571,478$107,919$31,778$369,309
56$595,737$79,176$0$368,403
57$621,400$47,952$0$367,501
58$648,573$14,093$0$375,354
59$677,379$0$0$383,506
60$707,945$0$0$397,458
61$740,416$0$0$415,918
62$774,947$0$0$435,566
63$811,709$0$0$456,500
64$850,889$0$0$478,829
65$892,692$0$0$502,673
66$937,341$0$0$528,161
67$985,082$0$0$555,437
68$1,036,186$0$0$584,657
69$1,090,946$0$0$615,994
70$1,149,688$0$0$649,636
71$1,212,767$0$0$685,789
72$1,280,572$0$0$724,682
73$1,353,534$0$0$766,563
74$1,432,121$0$0$811,707
75$1,516,850$0$0$860,415
76$1,608,290$0$0$913,017
77$1,707,063$0$0$969,878
78$1,813,855$0$0$1,031,395
79$1,929,418$0$0$1,098,009
80$2,054,582$0$0$1,170,202
81$2,190,255$0$0$1,248,505
82$2,337,440$0$0$1,333,502
83$2,497,237$0$0$1,425,834
84$2,670,856$0$0$1,526,208
85$2,859,630$0$0$1,635,401
86$3,065,023$0$0$1,754,267
87$3,288,649$0$0$1,883,747
88$3,532,281$0$0$2,024,876
89$3,797,871$0$0$2,178,794
90$4,087,568$0$0$2,346,754
91$4,403,738$0$0$2,530,136
92$4,748,982$0$0$2,730,459
93$5,126,168$0$0$2,949,396
94$5,538,449$0$0$3,188,789
95$5,989,299$0$0$3,450,663
96$6,482,543$0$0$3,737,253
97$7,022,392$0$0$4,051,015
98$7,613,481$0$0$4,394,657
99$8,260,919$0$0$4,771,159
100$8,970,327$0$0$5,183,803