Can I retire at age 41 with 320,000?

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 $320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$26,425$26,190$25,960$25,736$25,517$25,126
2 years$13,082$12,838$12,602$12,373$12,151$11,757
3 years$8,635$8,390$8,154$7,928$7,709$7,326
4 years$6,411$6,167$5,934$5,711$5,498$5,128
5 years$5,078$4,835$4,605$4,387$4,180$3,824
6 years$4,189$3,948$3,722$3,508$3,307$2,966
7 years$3,555$3,316$3,093$2,884$2,690$2,363
8 years$3,079$2,842$2,623$2,420$2,231$1,920
9 years$2,709$2,475$2,259$2,061$1,879$1,582
10 years$2,413$2,181$1,970$1,777$1,601$1,318
11 years$2,172$1,942$1,734$1,546$1,377$1,108
12 years$1,970$1,743$1,539$1,356$1,193$938
13 years$1,800$1,575$1,375$1,197$1,041$799
14 years$1,654$1,432$1,235$1,063$912$684
15 years$1,528$1,308$1,115$948$803$587
16 years$1,418$1,200$1,011$849$710$506
17 years$1,320$1,105$920$763$629$437
18 years$1,234$1,021$840$687$560$379
19 years$1,157$946$769$621$499$329
20 years$1,088$880$706$562$446$286
21 years$1,025$819$649$510$399$249
22 years$968$765$598$464$357$217
23 years$916$715$552$423$321$190
24 years$869$670$511$385$288$166
25 years$825$629$473$352$259$145
26 years$785$591$439$322$234$127
27 years$748$556$408$295$211$111
28 years$713$524$379$270$190$97
29 years$681$494$353$248$172$85
30 years$651$467$328$227$155$75
31 years$624$441$306$209$140$66
32 years$597$418$286$192$127$58
33 years$573$396$267$176$115$50
34 years$550$375$249$162$104$44
35 years$529$356$233$149$94$39
36 years$508$338$218$138$85$34
37 years$489$321$204$127$77$30
38 years$471$305$191$117$70$26
39 years$454$290$179$108$64$23
40 years$437$276$168$99$58$20
41 years$422$262$157$92$52$18
42 years$407$250$148$85$47$16
43 years$393$238$138$78$43$14
44 years$380$227$130$72$39$12
45 years$368$216$122$67$35$11
46 years$356$206$115$62$32$9
47 years$344$197$108$57$29$8
48 years$333$188$101$53$27$7
49 years$322$180$95$49$24$6
50 years$312$172$89$45$22$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $320,000, adding $3,885 every year, while hoping to spend $20,097 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: 62/19/19 Blend
40$320,000$320,000$320,000$320,000
41$356,647$339,687$334,727$376,791
42$371,642$334,949$324,558$386,099
43$387,493$329,305$313,374$393,661
44$404,266$322,689$301,120$401,451
45$422,033$315,033$287,740$409,493
46$440,873$306,262$273,172$417,815
47$460,873$296,299$257,353$426,448
48$482,125$285,062$240,218$435,426
49$504,734$272,462$221,698$444,789
50$528,812$258,408$201,720$454,583
51$554,484$242,802$180,210$464,856
52$581,883$225,541$157,089$475,666
53$611,158$206,516$132,274$487,076
54$642,472$185,611$105,681$499,157
55$676,002$162,705$77,220$511,989
56$711,945$137,668$46,797$525,662
57$750,514$110,364$14,316$540,276
58$791,945$80,650$0$555,943
59$836,495$48,374$0$576,913
60$884,448$13,375$0$602,567
61$936,115$0$0$630,178
62$991,838$0$0$665,069
63$1,051,993$0$0$705,772
64$1,116,991$0$0$749,772
65$1,187,286$0$0$797,379
66$1,263,377$0$0$848,932
67$1,345,811$0$0$904,805
68$1,435,191$0$0$965,410
69$1,532,179$0$0$1,031,198
70$1,637,504$0$0$1,102,667
71$1,751,967$0$0$1,180,364
72$1,876,449$0$0$1,264,891
73$2,011,921$0$0$1,356,909
74$2,159,449$0$0$1,457,148
75$2,320,207$0$0$1,566,410
76$2,495,489$0$0$1,685,575
77$2,686,716$0$0$1,815,617
78$2,895,453$0$0$1,957,603
79$3,123,425$0$0$2,112,711
80$3,372,528$0$0$2,282,235
81$3,644,850$0$0$2,467,604
82$3,942,692$0$0$2,670,386
83$4,268,585$0$0$2,892,311
84$4,625,316$0$0$3,135,283
85$5,015,956$0$0$3,401,399
86$5,443,885$0$0$3,692,968
87$5,912,827$0$0$4,012,533
88$6,426,881$0$0$4,362,893
89$6,990,564$0$0$4,747,135
90$7,608,848$0$0$5,168,655
91$8,287,213$0$0$5,631,196
92$9,031,692$0$0$6,138,879
93$9,848,933$0$0$6,696,244
94$10,746,256$0$0$7,308,294
95$11,731,727$0$0$7,980,537
96$12,814,231$0$0$8,719,043
97$14,003,555$0$0$9,530,498
98$15,310,482$0$0$10,422,268
99$16,746,890$0$0$11,402,468
100$18,325,866$0$0$12,480,037