Can I retire at age 41 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$39,638$39,285$38,940$38,604$38,276$36,757
2 years$19,623$19,257$18,903$18,560$18,227$16,715
3 years$12,952$12,585$12,232$11,891$11,564$10,108
4 years$9,617$9,251$8,901$8,567$8,247$6,857
5 years$7,617$7,253$6,908$6,580$6,269$4,949
6 years$6,284$5,923$5,583$5,262$4,961$3,711
7 years$5,332$4,974$4,639$4,326$4,034$2,855
8 years$4,618$4,264$3,934$3,629$3,347$2,236
9 years$4,064$3,712$3,389$3,091$2,819$1,775
10 years$3,620$3,272$2,954$2,665$2,402$1,423
11 years$3,257$2,913$2,601$2,319$2,065$1,150
12 years$2,955$2,614$2,308$2,034$1,790$935
13 years$2,700$2,363$2,062$1,796$1,561$763
14 years$2,481$2,148$1,853$1,594$1,368$626
15 years$2,292$1,962$1,673$1,422$1,205$515
16 years$2,127$1,800$1,517$1,273$1,065$424
17 years$1,981$1,658$1,380$1,144$944$350
18 years$1,851$1,532$1,260$1,031$839$290
19 years$1,735$1,420$1,153$931$748$240
20 years$1,631$1,319$1,059$844$668$199
21 years$1,537$1,229$974$766$598$165
22 years$1,452$1,147$897$696$536$137
23 years$1,374$1,073$829$634$481$114
24 years$1,303$1,005$766$578$433$95
25 years$1,238$943$710$528$389$79
26 years$1,177$887$658$483$351$66
27 years$1,121$834$611$442$316$55
28 years$1,070$786$568$405$285$46
29 years$1,022$742$529$371$258$38
30 years$977$700$493$341$233$32
31 years$935$662$459$313$210$26
32 years$896$627$428$288$190$22
33 years$860$593$400$265$172$18
34 years$825$562$374$243$156$15
35 years$793$533$349$224$141$13
36 years$762$506$327$206$128$11
37 years$734$481$306$190$116$9
38 years$706$457$287$175$105$7
39 years$681$435$268$162$95$6
40 years$656$413$252$149$86$5
41 years$633$394$236$137$78$4
42 years$611$375$221$127$71$4
43 years$590$357$208$117$65$3
44 years$570$340$195$108$59$2
45 years$551$325$183$100$53$2
46 years$533$310$172$92$48$2
47 years$516$295$162$85$44$1
48 years$500$282$152$79$40$1
49 years$484$269$143$73$36$1
50 years$469$257$134$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $480,000, adding $4,739 every year, while hoping to spend $37,225 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: 56/35/9 Blend
40$480,000$480,000$480,000$480,000
41$533,848$508,408$500,968$562,330
42$548,694$493,713$478,144$567,412
43$563,806$477,050$453,307$568,407
44$579,172$458,284$426,351$568,592
45$594,779$437,271$397,164$567,896
46$610,608$413,859$365,631$566,241
47$626,639$387,887$331,629$563,545
48$642,848$359,186$295,031$559,719
49$659,208$327,576$255,704$554,668
50$675,687$292,866$213,509$548,288
51$692,247$254,857$168,302$540,472
52$708,848$213,336$119,931$531,100
53$725,440$168,079$68,239$520,047
54$741,970$118,850$13,060$507,176
55$758,376$65,399$0$492,343
56$774,588$7,461$0$479,791
57$790,527$0$0$466,576
58$806,106$0$0$472,556
59$821,224$0$0$481,101
60$835,771$0$0$489,269
61$849,621$0$0$496,981
62$862,635$0$0$504,151
63$874,657$0$0$510,682
64$885,511$0$0$516,464
65$895,005$0$0$521,378
66$902,921$0$0$525,288
67$909,017$0$0$528,045
68$913,027$0$0$529,482
69$914,651$0$0$529,414
70$913,559$0$0$527,637
71$909,382$0$0$523,920
72$901,712$0$0$518,013
73$890,096$0$0$509,633
74$874,032$0$0$498,471
75$852,964$0$0$484,181
76$826,275$0$0$466,381
77$793,283$0$0$444,649
78$753,231$0$0$418,518
79$705,284$0$0$387,470
80$648,515$0$0$350,932
81$581,902$0$0$308,271
82$504,312$0$0$258,788
83$414,494$0$0$201,708
84$311,065$0$0$136,176
85$192,497$0$0$61,248
86$57,100$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0