Can I retire at age 41 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$45,418$45,014$44,619$44,234$43,858$42,659
2 years$22,484$22,066$21,660$21,266$20,885$19,686
3 years$14,841$14,420$14,015$13,626$13,250$12,089
4 years$11,020$10,600$10,200$9,816$9,450$8,335
5 years$8,728$8,311$7,915$7,540$7,184$6,118
6 years$7,200$6,786$6,397$6,030$5,684$4,669
7 years$6,109$5,699$5,316$4,957$4,623$3,658
8 years$5,292$4,885$4,508$4,159$3,835$2,920
9 years$4,656$4,254$3,883$3,542$3,230$2,363
10 years$4,148$3,749$3,385$3,053$2,752$1,933
11 years$3,732$3,338$2,980$2,657$2,367$1,595
12 years$3,386$2,996$2,645$2,331$2,051$1,324
13 years$3,094$2,707$2,363$2,058$1,788$1,105
14 years$2,843$2,461$2,123$1,827$1,568$926
15 years$2,626$2,248$1,917$1,629$1,380$779
16 years$2,437$2,063$1,738$1,459$1,220$658
17 years$2,270$1,900$1,582$1,311$1,082$556
18 years$2,121$1,755$1,444$1,181$962$471
19 years$1,989$1,627$1,322$1,067$857$400
20 years$1,869$1,512$1,213$967$766$340
21 years$1,762$1,408$1,116$877$685$289
22 years$1,664$1,314$1,028$798$614$247
23 years$1,575$1,229$949$726$551$210
24 years$1,493$1,152$878$663$496$179
25 years$1,418$1,081$813$605$446$153
26 years$1,349$1,016$754$553$402$131
27 years$1,285$956$700$506$362$112
28 years$1,226$901$651$464$327$96
29 years$1,171$850$606$425$295$82
30 years$1,120$803$564$390$267$70
31 years$1,072$759$526$359$241$60
32 years$1,027$718$491$330$218$51
33 years$985$680$458$303$197$44
34 years$946$644$428$279$179$38
35 years$908$611$400$257$162$32
36 years$874$580$375$236$147$28
37 years$841$551$351$218$133$24
38 years$809$524$328$201$120$20
39 years$780$498$308$185$109$17
40 years$752$474$288$171$99$15
41 years$725$451$270$158$90$13
42 years$700$429$254$145$82$11
43 years$676$409$238$134$74$9
44 years$653$390$223$124$67$8
45 years$632$372$210$114$61$7
46 years$611$355$197$106$55$6
47 years$591$339$185$98$50$5
48 years$572$323$174$90$46$4
49 years$554$309$163$83$41$4
50 years$537$295$154$77$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $550,000, adding $6,832 every year, while hoping to spend $34,314 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: 54/34/12 Blend
40$550,000$550,000$550,000$550,000
41$613,147$583,997$575,472$643,996
42$639,178$576,103$558,241$657,834
43$666,715$566,672$539,282$668,593
44$695,873$555,593$518,502$679,506
45$726,783$542,747$495,802$690,595
46$759,582$528,010$471,079$701,887
47$794,426$511,249$444,226$713,412
48$831,480$492,323$415,131$725,205
49$870,929$471,084$383,675$737,310
50$912,973$447,376$349,737$749,772
51$957,831$421,033$313,188$762,650
52$1,005,744$391,878$273,895$776,006
53$1,056,977$359,726$231,717$789,914
54$1,111,817$324,381$186,508$804,458
55$1,170,582$285,636$138,116$819,734
56$1,233,621$243,271$86,382$835,851
57$1,301,314$197,055$31,139$852,934
58$1,374,080$146,743$0$871,122
59$1,452,379$92,077$0$894,137
60$1,536,717$32,784$0$923,083
61$1,627,647$0$0$954,196
62$1,725,778$0$0$999,487
63$1,831,781$0$0$1,061,701
64$1,946,390$0$0$1,129,010
65$2,070,414$0$0$1,201,892
66$2,204,742$0$0$1,280,878
67$2,350,350$0$0$1,366,546
68$2,508,312$0$0$1,459,535
69$2,679,811$0$0$1,560,548
70$2,866,146$0$0$1,670,356
71$3,068,746$0$0$1,789,810
72$3,289,185$0$0$1,919,843
73$3,529,192$0$0$2,061,486
74$3,790,673$0$0$2,215,870
75$4,075,721$0$0$2,384,240
76$4,386,644$0$0$2,567,968
77$4,725,980$0$0$2,768,563
78$5,096,523$0$0$2,987,687
79$5,501,349$0$0$3,227,169
80$5,943,843$0$0$3,489,022
81$6,427,736$0$0$3,775,463
82$6,957,130$0$0$4,088,934
83$7,536,546$0$0$4,432,123
84$8,170,961$0$0$4,807,989
85$8,865,855$0$0$5,219,794
86$9,627,264$0$0$5,671,126
87$10,461,836$0$0$6,165,940
88$11,376,890$0$0$6,708,591
89$12,380,491$0$0$7,303,874
90$13,481,518$0$0$7,957,072
91$14,689,754$0$0$8,674,006
92$16,015,972$0$0$9,461,084
93$17,472,043$0$0$10,325,367
94$19,071,041$0$0$11,274,633
95$20,827,366$0$0$12,317,451
96$22,756,886$0$0$13,463,260
97$24,877,079$0$0$14,722,459
98$27,207,199$0$0$16,106,503
99$29,768,460$0$0$17,628,014
100$32,584,233$0$0$19,300,896