Can I retire at age 41 with 350,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$28,903$28,645$28,394$28,149$27,909$27,202
2 years$14,308$14,042$13,784$13,533$13,290$12,582
3 years$9,444$9,176$8,919$8,671$8,432$7,745
4 years$7,012$6,746$6,491$6,247$6,014$5,353
5 years$5,554$5,289$5,037$4,798$4,572$3,940
6 years$4,582$4,319$4,071$3,837$3,617$3,015
7 years$3,888$3,627$3,383$3,155$2,942$2,369
8 years$3,367$3,109$2,869$2,646$2,441$1,896
9 years$2,963$2,707$2,471$2,254$2,055$1,540
10 years$2,640$2,386$2,154$1,943$1,751$1,263
11 years$2,375$2,124$1,897$1,691$1,506$1,045
12 years$2,155$1,906$1,683$1,483$1,305$871
13 years$1,969$1,723$1,504$1,310$1,138$729
14 years$1,809$1,566$1,351$1,162$998$614
15 years$1,671$1,431$1,220$1,037$878$518
16 years$1,551$1,313$1,106$928$776$439
17 years$1,444$1,209$1,006$834$688$372
18 years$1,350$1,117$919$752$612$317
19 years$1,265$1,035$841$679$546$270
20 years$1,190$962$772$615$487$230
21 years$1,121$896$710$558$436$197
22 years$1,059$836$654$508$391$168
23 years$1,002$782$604$462$351$144
24 years$950$733$559$422$315$123
25 years$902$688$518$385$284$106
26 years$858$646$480$352$256$91
27 years$818$608$446$322$230$78
28 years$780$573$414$295$208$67
29 years$745$541$386$271$188$57
30 years$712$511$359$248$170$49
31 years$682$483$335$228$153$42
32 years$654$457$312$210$139$36
33 years$627$433$292$193$126$31
34 years$602$410$273$177$114$27
35 years$578$389$255$163$103$23
36 years$556$369$238$150$93$20
37 years$535$351$223$139$85$17
38 years$515$333$209$128$77$15
39 years$496$317$196$118$70$13
40 years$479$301$183$109$63$11
41 years$462$287$172$100$57$9
42 years$446$273$161$93$52$8
43 years$430$260$151$85$47$7
44 years$416$248$142$79$43$6
45 years$402$237$133$73$39$5
46 years$389$226$125$67$35$4
47 years$376$215$118$62$32$4
48 years$364$206$111$57$29$3
49 years$353$196$104$53$26$3
50 years$342$188$98$49$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $350,000, adding $4,307 every year, while hoping to spend $22,670 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: 69/14/17 Blend
40$350,000$350,000$350,000$350,000
41$390,143$371,593$366,168$415,194
42$405,817$365,680$354,314$426,530
43$422,329$358,718$341,303$435,841
44$439,743$350,631$327,072$445,459
45$458,124$341,339$311,556$455,412
46$477,546$330,758$294,687$465,731
47$498,089$318,798$276,392$476,452
48$519,840$305,366$256,597$487,614
49$542,894$290,359$235,224$499,261
50$567,356$273,674$212,191$511,443
51$593,340$255,197$187,412$524,214
52$620,969$234,810$160,799$537,636
53$650,380$212,388$132,259$551,779
54$681,723$187,799$101,693$566,718
55$715,160$160,903$69,001$582,541
56$750,871$131,551$34,077$599,342
57$789,051$99,589$0$617,229
58$829,916$64,850$0$636,900
59$873,701$27,161$0$664,543
60$920,664$0$0$694,138
61$971,091$0$0$727,979
62$1,025,291$0$0$768,863
63$1,083,606$0$0$812,867
64$1,146,413$0$0$860,274
65$1,214,122$0$0$911,399
66$1,287,187$0$0$966,585
67$1,366,106$0$0$1,026,210
68$1,451,424$0$0$1,090,689
69$1,543,743$0$0$1,160,479
70$1,643,724$0$0$1,236,081
71$1,752,091$0$0$1,318,048
72$1,869,645$0$0$1,406,985
73$1,997,262$0$0$1,503,561
74$2,135,909$0$0$1,608,510
75$2,286,648$0$0$1,722,638
76$2,450,649$0$0$1,846,833
77$2,629,196$0$0$1,982,074
78$2,823,705$0$0$2,129,436
79$3,035,734$0$0$2,290,103
80$3,266,996$0$0$2,465,376
81$3,519,378$0$0$2,656,691
82$3,794,956$0$0$2,865,624
83$4,096,015$0$0$3,093,915
84$4,425,073$0$0$3,343,474
85$4,784,900$0$0$3,616,410
86$5,178,546$0$0$3,915,039
87$5,609,370$0$0$4,241,916
88$6,081,069$0$0$4,599,852
89$6,597,718$0$0$4,991,944
90$7,163,802$0$0$5,421,600
91$7,784,258$0$0$5,892,576
92$8,464,529$0$0$6,409,008
93$9,210,605$0$0$6,975,451
94$10,029,085$0$0$7,596,921
95$10,927,239$0$0$8,278,946
96$11,913,073$0$0$9,027,613
97$12,995,406$0$0$9,849,626
98$14,183,955$0$0$10,752,372
99$15,489,420$0$0$11,743,987
100$16,923,592$0$0$12,833,437