Can I retire at age 41 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$40,464$40,103$39,752$39,408$39,073$38,697
2 years$20,032$19,658$19,297$18,946$18,606$18,228
3 years$13,222$12,847$12,486$12,139$11,805$11,435
4 years$9,817$9,444$9,087$8,746$8,419$8,061
5 years$7,775$7,404$7,052$6,717$6,400$6,055
6 years$6,415$6,046$5,699$5,372$5,064$4,733
7 years$5,443$5,077$4,736$4,417$4,119$3,800
8 years$4,714$4,352$4,016$3,705$3,417$3,112
9 years$4,148$3,789$3,459$3,156$2,877$2,586
10 years$3,695$3,340$3,016$2,720$2,452$2,173
11 years$3,325$2,974$2,655$2,368$2,109$1,843
12 years$3,017$2,669$2,356$2,077$1,827$1,574
13 years$2,756$2,412$2,105$1,833$1,593$1,353
14 years$2,533$2,192$1,892$1,627$1,397$1,168
15 years$2,340$2,003$1,708$1,451$1,230$1,013
16 years$2,171$1,838$1,548$1,300$1,087$882
17 years$2,022$1,692$1,409$1,168$964$770
18 years$1,890$1,564$1,286$1,052$857$673
19 years$1,772$1,449$1,177$951$764$590
20 years$1,665$1,347$1,081$861$682$519
21 years$1,569$1,254$994$782$610$456
22 years$1,482$1,171$916$711$547$402
23 years$1,403$1,095$846$647$491$355
24 years$1,330$1,026$782$590$442$313
25 years$1,263$963$725$539$397$277
26 years$1,202$905$672$493$358$245
27 years$1,145$852$624$451$323$217
28 years$1,092$803$580$413$291$192
29 years$1,043$757$540$379$263$171
30 years$997$715$503$348$238$151
31 years$955$676$469$319$215$134
32 years$915$640$437$294$194$119
33 years$878$606$408$270$176$106
34 years$842$574$382$248$159$94
35 years$809$544$357$229$144$84
36 years$778$517$334$211$131$74
37 years$749$491$312$194$118$66
38 years$721$466$292$179$107$59
39 years$695$444$274$165$97$52
40 years$670$422$257$152$88$46
41 years$646$402$241$140$80$41
42 years$624$383$226$130$73$37
43 years$603$365$212$120$66$33
44 years$582$347$199$110$60$29
45 years$563$331$187$102$54$26
46 years$544$316$175$94$49$23
47 years$527$302$165$87$45$20
48 years$510$288$155$80$41$18
49 years$494$275$146$74$37$16
50 years$478$263$137$69$34$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $490,000, adding $2,978 every year, while hoping to spend $34,832 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: 48/39/13 Blend
40$490,000$490,000$490,000$490,000
41$543,052$517,082$509,487$567,026
42$561,382$505,358$489,494$572,146
43$580,415$491,892$467,663$573,856
44$600,184$476,562$443,897$574,936
45$620,728$459,239$418,093$575,339
46$642,087$439,786$390,143$575,015
47$664,302$418,058$359,936$573,914
48$687,420$393,902$327,353$571,981
49$711,490$367,156$292,272$569,160
50$736,564$337,649$254,566$565,391
51$762,700$305,200$214,100$560,612
52$789,959$269,618$170,735$554,759
53$818,406$230,700$124,326$547,765
54$848,112$188,234$74,720$539,559
55$879,155$141,992$21,758$530,069
56$911,617$91,738$0$519,218
57$945,588$37,219$0$511,750
58$981,164$0$0$506,296
59$1,018,453$0$0$509,144
60$1,057,567$0$0$528,902
61$1,098,630$0$0$549,662
62$1,141,777$0$0$571,494
63$1,187,154$0$0$594,474
64$1,234,921$0$0$618,686
65$1,285,250$0$0$644,220
66$1,338,331$0$0$671,175
67$1,394,368$0$0$699,659
68$1,453,586$0$0$729,789
69$1,516,230$0$0$761,694
70$1,582,566$0$0$795,512
71$1,652,887$0$0$831,399
72$1,727,510$0$0$869,520
73$1,806,785$0$0$910,059
74$1,891,093$0$0$953,216
75$1,980,850$0$0$999,210
76$2,076,514$0$0$1,048,282
77$2,178,585$0$0$1,100,695
78$2,287,610$0$0$1,156,737
79$2,404,191$0$0$1,216,724
80$2,528,985$0$0$1,281,003
81$2,662,714$0$0$1,349,953
82$2,806,170$0$0$1,423,993
83$2,960,223$0$0$1,503,579
84$3,125,825$0$0$1,589,215
85$3,304,024$0$0$1,681,452
86$3,495,969$0$0$1,780,896
87$3,702,924$0$0$1,888,215
88$3,926,274$0$0$2,004,137
89$4,167,543$0$0$2,129,469
90$4,428,407$0$0$2,265,094
91$4,710,707$0$0$2,411,982
92$5,016,464$0$0$2,571,202
93$5,347,905$0$0$2,743,928
94$5,707,475$0$0$2,931,452
95$6,097,865$0$0$3,135,194
96$6,522,034$0$0$3,356,717
97$6,983,237$0$0$3,597,740
98$7,485,056$0$0$3,860,154
99$8,031,430$0$0$4,146,042
100$8,626,695$0$0$4,457,692