Can I retire at age 41 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$41,290$40,922$40,563$40,213$39,871$39,178
2 years$20,440$20,060$19,691$19,333$18,986$18,290
3 years$13,492$13,109$12,741$12,387$12,046$11,369
4 years$10,018$9,637$9,272$8,924$8,591$7,938
5 years$7,934$7,555$7,196$6,855$6,531$5,904
6 years$6,545$6,169$5,815$5,482$5,168$4,567
7 years$5,554$5,181$4,832$4,507$4,203$3,629
8 years$4,811$4,441$4,098$3,781$3,486$2,939
9 years$4,233$3,867$3,530$3,220$2,936$2,415
10 years$3,771$3,408$3,077$2,776$2,502$2,006
11 years$3,393$3,034$2,709$2,416$2,152$1,682
12 years$3,079$2,723$2,404$2,119$1,864$1,419
13 years$2,813$2,461$2,148$1,871$1,626$1,204
14 years$2,585$2,237$1,930$1,661$1,425$1,027
15 years$2,388$2,044$1,743$1,481$1,255$879
16 years$2,215$1,875$1,580$1,326$1,109$755
17 years$2,063$1,727$1,438$1,191$983$650
18 years$1,928$1,596$1,312$1,074$874$561
19 years$1,808$1,479$1,202$970$779$485
20 years$1,699$1,374$1,103$879$696$420
21 years$1,601$1,280$1,014$798$623$365
22 years$1,512$1,195$935$725$558$317
23 years$1,431$1,118$863$660$501$275
24 years$1,357$1,047$798$602$451$240
25 years$1,289$983$739$550$405$209
26 years$1,226$923$686$503$365$182
27 years$1,168$869$637$460$329$159
28 years$1,114$819$592$422$297$138
29 years$1,064$773$551$387$268$121
30 years$1,018$730$513$355$242$106
31 years$974$690$478$326$219$92
32 years$934$653$446$300$198$81
33 years$895$618$417$276$179$70
34 years$860$586$389$254$162$62
35 years$826$556$364$233$147$54
36 years$794$527$341$215$133$47
37 years$764$501$319$198$121$41
38 years$736$476$298$183$110$36
39 years$709$453$280$168$99$32
40 years$684$431$262$155$90$28
41 years$659$410$246$143$82$24
42 years$637$390$231$132$74$21
43 years$615$372$216$122$67$18
44 years$594$355$203$113$61$16
45 years$574$338$191$104$55$14
46 years$555$323$179$96$50$12
47 years$538$308$168$89$46$11
48 years$520$294$158$82$42$10
49 years$504$281$149$76$38$8
50 years$488$268$140$70$34$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $500,000, adding $3,088 every year, while hoping to spend $29,949 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: 85/5/10 Blend
40$500,000$500,000$500,000$500,000
41$554,185$527,685$519,935$600,223
42$578,847$521,676$505,488$624,757
43$605,020$514,369$489,552$647,336
44$632,827$505,669$472,048$671,214
45$662,403$495,474$452,888$696,501
46$693,894$483,678$431,986$723,322
47$727,460$470,167$409,247$751,810
48$763,278$454,823$384,574$782,114
49$801,541$437,517$357,865$814,399
50$842,459$418,117$329,015$848,843
51$886,265$396,479$297,911$885,645
52$933,211$372,454$264,439$925,023
53$983,578$345,883$228,477$967,218
54$1,037,670$316,599$189,898$1,012,493
55$1,095,823$284,423$148,570$1,061,141
56$1,158,405$249,168$104,356$1,113,482
57$1,225,821$210,636$57,111$1,169,871
58$1,298,516$168,618$6,684$1,230,696
59$1,376,976$122,892$0$1,296,388
60$1,461,739$73,225$0$1,372,448
61$1,553,394$19,370$0$1,455,457
62$1,652,588$0$0$1,545,294
63$1,760,033$0$0$1,644,754
64$1,876,512$0$0$1,753,738
65$2,002,887$0$0$1,871,987
66$2,140,103$0$0$2,000,388
67$2,289,202$0$0$2,139,915
68$2,451,330$0$0$2,291,643
69$2,627,746$0$0$2,456,750
70$2,819,838$0$0$2,636,536
71$3,029,132$0$0$2,832,429
72$3,257,306$0$0$3,046,004
73$3,506,208$0$0$3,278,990
74$3,777,873$0$0$3,533,292
75$4,074,541$0$0$3,811,009
76$4,398,675$0$0$4,114,449
77$4,752,989$0$0$4,446,152
78$5,140,471$0$0$4,808,919
79$5,564,411$0$0$5,205,830
80$6,028,431$0$0$5,640,277
81$6,536,519$0$0$6,115,996
82$7,093,067$0$0$6,637,102
83$7,702,912$0$0$7,208,124
84$8,371,382$0$0$7,834,053
85$9,104,343$0$0$8,520,384
86$9,908,257$0$0$9,273,169
87$10,790,242$0$0$10,099,076
88$11,758,136$0$0$11,005,445
89$12,820,575$0$0$12,000,367
90$13,987,071$0$0$13,092,751
91$15,268,101$0$0$14,292,410
92$16,675,208$0$0$15,610,157
93$18,221,108$0$0$17,057,902
94$19,919,808$0$0$18,648,765
95$21,786,740$0$0$20,397,202
96$23,838,905$0$0$22,319,136
97$26,095,033$0$0$24,432,113
98$28,575,761$0$0$26,755,460
99$31,303,821$0$0$29,310,473
100$34,304,264$0$0$32,120,616