Can I retire at age 41 with 420,000?

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 $420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$34,683$34,374$34,073$33,779$33,491$32,882
2 years$17,170$16,850$16,540$16,240$15,948$15,337
3 years$11,333$11,012$10,703$10,405$10,118$9,524
4 years$8,415$8,095$7,789$7,496$7,216$6,643
5 years$6,665$6,346$6,044$5,758$5,486$4,935
6 years$5,498$5,182$4,885$4,605$4,341$3,814
7 years$4,665$4,352$4,059$3,786$3,530$3,027
8 years$4,041$3,731$3,443$3,176$2,929$2,449
9 years$3,556$3,248$2,965$2,705$2,466$2,010
10 years$3,167$2,863$2,585$2,332$2,101$1,668
11 years$2,850$2,549$2,276$2,029$1,807$1,396
12 years$2,586$2,288$2,020$1,780$1,566$1,176
13 years$2,363$2,067$1,805$1,571$1,366$997
14 years$2,171$1,879$1,621$1,395$1,197$849
15 years$2,006$1,717$1,464$1,244$1,054$726
16 years$1,861$1,575$1,327$1,114$932$623
17 years$1,733$1,451$1,208$1,001$826$535
18 years$1,620$1,340$1,102$902$734$461
19 years$1,518$1,242$1,009$815$655$398
20 years$1,427$1,154$926$738$585$345
21 years$1,345$1,075$852$670$523$298
22 years$1,270$1,004$785$609$469$259
23 years$1,202$939$725$555$421$225
24 years$1,140$880$671$506$378$195
25 years$1,083$825$621$462$341$170
26 years$1,030$776$576$422$307$148
27 years$981$730$535$387$277$129
28 years$936$688$497$354$250$112
29 years$894$649$463$325$225$98
30 years$855$613$431$298$204$85
31 years$818$579$402$274$184$74
32 years$784$548$375$252$167$65
33 years$752$519$350$231$151$57
34 years$722$492$327$213$136$49
35 years$694$467$306$196$124$43
36 years$667$443$286$181$112$38
37 years$642$421$268$166$101$33
38 years$618$400$251$153$92$29
39 years$596$380$235$141$83$25
40 years$574$362$220$130$76$22
41 years$554$344$206$120$69$19
42 years$535$328$194$111$62$17
43 years$516$312$182$102$57$15
44 years$499$298$171$95$51$13
45 years$482$284$160$87$47$11
46 years$467$271$150$81$42$10
47 years$452$259$141$75$38$9
48 years$437$247$133$69$35$7
49 years$423$236$125$64$32$7
50 years$410$225$117$59$29$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $420,000, adding $6,213 every year, while hoping to spend $26,365 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: 68/19/13 Blend
40$420,000$420,000$420,000$420,000
41$469,249$446,989$440,479$499,374
42$489,060$440,839$427,183$514,069
43$510,008$433,504$412,557$526,413
44$532,182$424,899$396,531$539,236
45$555,677$414,931$379,027$552,582
46$580,599$403,506$359,967$566,500
47$607,062$390,520$339,269$581,045
48$635,193$375,866$316,845$596,277
49$665,129$359,429$292,605$612,265
50$697,020$341,090$266,455$629,086
51$731,032$320,719$238,298$646,824
52$767,345$298,182$208,028$665,574
53$806,157$273,335$175,540$685,441
54$847,684$246,028$140,720$706,542
55$892,166$216,101$103,452$729,009
56$939,862$183,386$63,613$752,988
57$991,059$147,703$21,075$778,639
58$1,046,071$108,864$0$806,143
59$1,105,243$66,671$0$839,074
60$1,168,954$20,914$0$877,619
61$1,237,618$0$0$919,120
62$1,311,694$0$0$969,857
63$1,391,682$0$0$1,029,385
64$1,478,134$0$0$1,093,744
65$1,571,656$0$0$1,163,387
66$1,672,913$0$0$1,238,814
67$1,782,639$0$0$1,320,572
68$1,901,639$0$0$1,409,264
69$2,030,797$0$0$1,505,554
70$2,171,088$0$0$1,610,171
71$2,323,582$0$0$1,723,916
72$2,489,459$0$0$1,847,673
73$2,670,015$0$0$1,982,413
74$2,866,676$0$0$2,129,204
75$3,081,013$0$0$2,289,222
76$3,314,754$0$0$2,463,762
77$3,569,799$0$0$2,654,247
78$3,848,243$0$0$2,862,245
79$4,152,389$0$0$3,089,484
80$4,484,774$0$0$3,337,862
81$4,848,191$0$0$3,609,473
82$5,245,715$0$0$3,906,619
83$5,680,730$0$0$4,231,836
84$6,156,966$0$0$4,587,918
85$6,678,527$0$0$4,977,941
86$7,249,935$0$0$5,405,290
87$7,876,166$0$0$5,873,696
88$8,562,706$0$0$6,387,268
89$9,315,593$0$0$6,950,529
90$10,141,479$0$0$7,568,463
91$11,047,689$0$0$8,246,559
92$12,042,293$0$0$8,990,863
93$13,134,181$0$0$9,808,036
94$14,333,144$0$0$10,705,414
95$15,649,968$0$0$11,691,078
96$17,096,537$0$0$12,773,933
97$18,685,938$0$0$13,963,785
98$20,432,594$0$0$15,271,439
99$22,352,390$0$0$16,708,800
100$24,462,829$0$0$18,288,981