Can I retire at age 41 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$44,593$44,195$43,808$43,430$43,060$41,766
2 years$22,076$21,664$21,266$20,880$20,505$19,211
3 years$14,571$14,158$13,761$13,378$13,009$11,757
4 years$10,819$10,408$10,014$9,638$9,278$8,078
5 years$8,569$8,160$7,771$7,403$7,053$5,907
6 years$7,069$6,663$6,280$5,920$5,581$4,491
7 years$5,998$5,596$5,219$4,867$4,539$3,504
8 years$5,195$4,796$4,426$4,083$3,765$2,786
9 years$4,571$4,176$3,812$3,478$3,171$2,245
10 years$4,072$3,681$3,324$2,998$2,702$1,829
11 years$3,665$3,277$2,926$2,609$2,324$1,502
12 years$3,325$2,941$2,597$2,289$2,014$1,241
13 years$3,038$2,658$2,320$2,020$1,756$1,031
14 years$2,792$2,416$2,085$1,794$1,539$860
15 years$2,579$2,207$1,882$1,599$1,355$720
16 years$2,392$2,025$1,706$1,432$1,198$604
17 years$2,228$1,865$1,553$1,287$1,062$509
18 years$2,083$1,723$1,417$1,160$944$429
19 years$1,952$1,597$1,298$1,048$842$362
20 years$1,835$1,484$1,191$949$752$306
21 years$1,730$1,382$1,095$861$673$259
22 years$1,633$1,290$1,010$783$603$220
23 years$1,546$1,207$932$713$541$186
24 years$1,466$1,131$862$650$487$158
25 years$1,392$1,061$798$594$438$134
26 years$1,324$997$741$543$394$114
27 years$1,262$939$688$497$356$97
28 years$1,204$884$639$456$321$82
29 years$1,150$834$595$418$290$70
30 years$1,099$788$554$383$262$60
31 years$1,052$745$517$352$237$51
32 years$1,008$705$482$324$214$43
33 years$967$668$450$298$194$37
34 years$928$633$420$274$175$31
35 years$892$600$393$252$159$27
36 years$858$570$368$232$144$23
37 years$825$541$344$214$130$19
38 years$795$514$322$197$118$16
39 years$766$489$302$182$107$14
40 years$738$465$283$168$97$12
41 years$712$443$265$155$88$10
42 years$687$422$249$143$80$9
43 years$664$402$234$132$73$7
44 years$642$383$219$122$66$6
45 years$620$365$206$112$60$5
46 years$600$348$193$104$54$5
47 years$581$332$182$96$49$4
48 years$562$317$171$89$45$3
49 years$544$303$160$82$41$3
50 years$527$289$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $540,000, adding $5,078 every year, while hoping to spend $35,670 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: 64/24/12 Blend
40$540,000$540,000$540,000$540,000
41$600,318$571,698$563,328$636,762
42$623,598$561,759$544,247$651,813
43$648,057$550,137$523,331$663,641
44$673,777$536,712$500,481$675,667
45$700,849$521,358$475,594$687,911
46$729,370$503,939$448,561$700,395
47$759,447$484,313$419,269$713,144
48$791,196$462,330$387,600$726,187
49$824,743$437,829$353,430$739,558
50$860,227$410,642$316,629$753,295
51$897,798$380,591$277,064$767,445
52$937,620$347,488$234,593$782,058
53$979,875$311,131$189,069$797,192
54$1,024,757$271,312$140,338$812,915
55$1,072,483$227,807$88,240$829,302
56$1,123,288$180,382$32,608$846,439
57$1,177,430$128,787$0$864,424
58$1,235,190$72,760$0$886,795
59$1,296,879$12,024$0$914,927
60$1,362,834$0$0$944,807
61$1,433,427$0$0$990,804
62$1,509,065$0$0$1,043,515
63$1,590,196$0$0$1,100,080
64$1,677,309$0$0$1,160,843
65$1,770,942$0$0$1,226,183
66$1,871,686$0$0$1,296,517
67$1,980,190$0$0$1,372,301
68$2,097,165$0$0$1,454,036
69$2,223,394$0$0$1,542,273
70$2,359,736$0$0$1,637,619
71$2,507,136$0$0$1,740,737
72$2,666,632$0$0$1,852,361
73$2,839,365$0$0$1,973,292
74$3,026,590$0$0$2,104,417
75$3,229,687$0$0$2,246,707
76$3,450,173$0$0$2,401,231
77$3,689,717$0$0$2,569,165
78$3,950,155$0$0$2,751,803
79$4,233,506$0$0$2,950,569
80$4,541,993$0$0$3,167,029
81$4,878,060$0$0$3,402,905
82$5,244,399$0$0$3,660,096
83$5,643,971$0$0$3,940,687
84$6,080,035$0$0$4,246,978
85$6,556,180$0$0$4,581,498
86$7,076,356$0$0$4,947,030
87$7,644,909$0$0$5,346,640
88$8,266,628$0$0$5,783,704
89$8,946,784$0$0$6,261,936
90$9,691,180$0$0$6,785,430
91$10,506,206$0$0$7,358,691
92$11,398,901$0$0$7,986,680
93$12,377,014$0$0$8,674,862
94$13,449,080$0$0$9,429,256
95$14,624,500$0$0$10,256,489
96$15,913,627$0$0$11,163,861
97$17,327,864$0$0$12,159,413
98$18,879,770$0$0$13,252,002
99$20,583,182$0$0$14,451,383
100$22,453,339$0$0$15,768,303