Can I retire at age 41 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$38,812$38,466$38,129$37,800$37,478$36,498
2 years$19,214$18,856$18,509$18,173$17,847$16,866
3 years$12,682$12,323$11,977$11,644$11,323$10,372
4 years$9,417$9,058$8,716$8,389$8,076$7,162
5 years$7,458$7,102$6,764$6,443$6,139$5,265
6 years$6,153$5,799$5,466$5,153$4,857$4,025
7 years$5,221$4,870$4,543$4,236$3,950$3,158
8 years$4,522$4,175$3,852$3,554$3,277$2,526
9 years$3,979$3,635$3,318$3,027$2,760$2,048
10 years$3,545$3,204$2,893$2,609$2,352$1,679
11 years$3,190$2,852$2,547$2,271$2,022$1,387
12 years$2,894$2,560$2,260$1,992$1,753$1,154
13 years$2,644$2,314$2,019$1,759$1,528$965
14 years$2,430$2,103$1,814$1,561$1,340$811
15 years$2,244$1,921$1,638$1,392$1,180$684
16 years$2,082$1,763$1,485$1,247$1,043$578
17 years$1,939$1,623$1,351$1,120$924$490
18 years$1,813$1,500$1,234$1,009$822$416
19 years$1,699$1,390$1,129$912$733$354
20 years$1,597$1,292$1,037$826$654$302
21 years$1,505$1,203$953$750$586$257
22 years$1,422$1,123$879$682$525$220
23 years$1,346$1,050$811$621$471$188
24 years$1,276$984$750$566$423$161
25 years$1,212$924$695$517$381$137
26 years$1,153$868$645$473$343$118
27 years$1,098$817$599$433$309$101
28 years$1,048$770$556$396$279$86
29 years$1,001$726$518$364$252$74
30 years$957$686$482$334$228$64
31 years$916$648$450$306$206$55
32 years$878$613$420$282$186$47
33 years$842$581$392$259$169$40
34 years$808$551$366$238$153$34
35 years$776$522$342$219$138$30
36 years$746$496$320$202$125$25
37 years$718$471$300$186$114$22
38 years$692$447$281$172$103$19
39 years$666$425$263$158$93$16
40 years$643$405$246$146$85$14
41 years$620$385$231$135$77$12
42 years$598$367$217$124$70$10
43 years$578$350$203$115$63$9
44 years$558$333$191$106$57$8
45 years$540$318$179$98$52$6
46 years$522$303$168$90$47$6
47 years$505$289$158$83$43$5
48 years$489$276$149$77$39$4
49 years$474$264$140$71$35$4
50 years$459$252$131$66$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $470,000, adding $5,111 every year, while hoping to spend $33,045 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: 73/15/12 Blend
40$470,000$470,000$470,000$470,000
41$523,212$498,302$491,017$559,754
42$541,420$487,559$472,306$573,861
43$560,378$475,182$451,862$584,724
44$580,127$461,057$429,589$595,724
45$600,712$445,061$405,393$606,868
46$622,181$427,065$379,170$618,159
47$644,586$406,934$350,815$629,607
48$667,983$384,523$320,216$641,218
49$692,433$359,680$287,259$653,005
50$718,000$332,244$251,821$664,979
51$744,756$302,044$213,777$677,155
52$772,777$268,899$172,995$689,549
53$802,145$232,621$129,335$702,182
54$832,952$193,007$82,656$715,076
55$865,294$149,845$32,806$728,257
56$899,277$102,911$0$741,758
57$935,017$51,967$0$758,223
58$972,639$0$0$779,734
59$1,012,279$0$0$802,690
60$1,054,086$0$0$835,955
61$1,098,221$0$0$871,082
62$1,144,862$0$0$908,212
63$1,194,201$0$0$947,500
64$1,246,448$0$0$989,116
65$1,301,834$0$0$1,033,243
66$1,360,608$0$0$1,080,082
67$1,423,046$0$0$1,129,855
68$1,489,448$0$0$1,182,803
69$1,560,142$0$0$1,239,189
70$1,635,489$0$0$1,299,301
71$1,715,881$0$0$1,363,458
72$1,801,751$0$0$1,432,004
73$1,893,571$0$0$1,505,321
74$1,991,861$0$0$1,583,824
75$2,097,188$0$0$1,667,972
76$2,210,176$0$0$1,758,263
77$2,331,510$0$0$1,855,250
78$2,461,941$0$0$1,959,535
79$2,602,293$0$0$2,071,781
80$2,753,472$0$0$2,192,717
81$2,916,472$0$0$2,323,140
82$3,092,386$0$0$2,463,930
83$3,282,413$0$0$2,616,050
84$3,487,874$0$0$2,780,563
85$3,710,217$0$0$2,958,632
86$3,951,036$0$0$3,151,540
87$4,212,084$0$0$3,360,695
88$4,495,287$0$0$3,587,646
89$4,802,764$0$0$3,834,097
90$5,136,846$0$0$4,101,922
91$5,500,097$0$0$4,393,183
92$5,895,337$0$0$4,710,148
93$6,325,669$0$0$5,055,312
94$6,794,510$0$0$5,431,422
95$7,305,616$0$0$5,841,500
96$7,863,124$0$0$6,288,872
97$8,471,586$0$0$6,777,200
98$9,136,014$0$0$7,310,514
99$9,861,924$0$0$7,893,249
100$10,655,389$0$0$8,530,291