Can I retire at age 41 with 550,000?

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 $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%18.1%
1 years$45,418$45,014$44,619$44,234$43,858$42,420
2 years$22,484$22,066$21,660$21,266$20,885$19,450
3 years$14,841$14,420$14,015$13,626$13,250$11,863
4 years$11,020$10,600$10,200$9,816$9,450$8,122
5 years$8,728$8,311$7,915$7,540$7,184$5,918
6 years$7,200$6,786$6,397$6,030$5,684$4,481
7 years$6,109$5,699$5,316$4,957$4,623$3,483
8 years$5,292$4,885$4,508$4,159$3,835$2,757
9 years$4,656$4,254$3,883$3,542$3,230$2,213
10 years$4,148$3,749$3,385$3,053$2,752$1,795
11 years$3,732$3,338$2,980$2,657$2,367$1,467
12 years$3,386$2,996$2,645$2,331$2,051$1,207
13 years$3,094$2,707$2,363$2,058$1,788$998
14 years$2,843$2,461$2,123$1,827$1,568$828
15 years$2,626$2,248$1,917$1,629$1,380$690
16 years$2,437$2,063$1,738$1,459$1,220$576
17 years$2,270$1,900$1,582$1,311$1,082$482
18 years$2,121$1,755$1,444$1,181$962$405
19 years$1,989$1,627$1,322$1,067$857$340
20 years$1,869$1,512$1,213$967$766$286
21 years$1,762$1,408$1,116$877$685$241
22 years$1,664$1,314$1,028$798$614$203
23 years$1,575$1,229$949$726$551$171
24 years$1,493$1,152$878$663$496$144
25 years$1,418$1,081$813$605$446$122
26 years$1,349$1,016$754$553$402$103
27 years$1,285$956$700$506$362$87
28 years$1,226$901$651$464$327$74
29 years$1,171$850$606$425$295$62
30 years$1,120$803$564$390$267$53
31 years$1,072$759$526$359$241$44
32 years$1,027$718$491$330$218$38
33 years$985$680$458$303$197$32
34 years$946$644$428$279$179$27
35 years$908$611$400$257$162$23
36 years$874$580$375$236$147$19
37 years$841$551$351$218$133$16
38 years$809$524$328$201$120$14
39 years$780$498$308$185$109$12
40 years$752$474$288$171$99$10
41 years$725$451$270$158$90$8
42 years$700$429$254$145$82$7
43 years$676$409$238$134$74$6
44 years$653$390$223$124$67$5
45 years$632$372$210$114$61$4
46 years$611$355$197$106$55$4
47 years$591$339$185$98$50$3
48 years$572$323$174$90$46$3
49 years$554$309$163$83$41$2
50 years$537$295$154$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $550,000, adding $2,207 every year, while hoping to spend $21,866 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: 76/13/11 Blend
40$550,000$550,000$550,000$550,000
41$608,377$579,227$570,702$653,197
42$647,166$584,343$566,555$688,147
43$689,178$588,978$561,536$723,460
44$734,721$593,084$555,594$761,553
45$784,128$596,611$548,672$802,695
46$837,771$599,507$540,715$847,183
47$896,056$601,715$531,661$895,342
48$959,430$603,176$521,448$947,532
49$1,028,386$603,825$510,010$1,004,149
50$1,103,464$603,596$497,279$1,065,630
51$1,185,262$602,416$483,181$1,132,456
52$1,274,434$600,209$467,643$1,205,156
53$1,371,702$596,895$450,585$1,284,317
54$1,477,860$592,388$431,924$1,370,581
55$1,593,784$586,597$411,576$1,464,659
56$1,720,434$579,425$389,448$1,567,334
57$1,858,872$570,770$365,448$1,679,469
58$2,010,264$560,525$339,477$1,802,015
59$2,175,894$548,573$311,433$1,936,021
60$2,357,176$534,795$281,207$2,082,642
61$2,555,668$519,060$248,688$2,243,153
62$2,773,086$501,233$213,759$2,418,958
63$3,011,318$481,170$176,296$2,611,606
64$3,272,443$458,719$136,173$2,822,804
65$3,558,753$433,717$93,256$3,054,433
66$3,872,772$405,995$47,406$3,308,568
67$4,217,277$375,372$0$3,587,494
68$4,595,331$341,656$0$3,893,913
69$5,010,305$304,648$0$4,236,372
70$5,465,913$264,132$0$4,612,384
71$5,966,247$219,886$0$5,025,344
72$6,515,814$171,669$0$5,478,994
73$7,119,577$119,232$0$5,977,459
74$7,783,008$62,308$0$6,525,283
75$8,512,132$618$0$7,127,475
76$9,313,588$0$0$7,789,554
77$10,194,688$0$0$8,527,062
78$11,163,490$0$0$9,338,101
79$12,228,872$0$0$10,230,016
80$13,400,613$0$0$11,210,998
81$14,689,492$0$0$12,290,072
82$16,107,379$0$0$13,477,182
83$17,667,357$0$0$14,783,283
84$19,383,839$0$0$16,220,446
85$21,272,705$0$0$17,801,972
86$23,351,456$0$0$19,542,515
87$25,639,370$0$0$21,458,223
88$28,157,693$0$0$23,566,888
89$30,929,833$0$0$25,888,114
90$33,981,582$0$0$28,443,504
91$37,341,363$0$0$31,256,860
92$41,040,491$0$0$34,354,409
93$45,113,475$0$0$37,765,054
94$49,598,340$0$0$41,520,638
95$54,536,984$0$0$45,656,254
96$59,975,578$0$0$50,210,570
97$65,964,997$0$0$55,226,192
98$72,561,301$0$0$60,750,074
99$79,826,267$0$0$66,833,952
100$87,827,967$0$0$73,534,837