Can I retire at age 41 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$46,244$45,832$45,430$45,038$44,655$43,700
2 years$22,893$22,467$22,054$21,653$21,264$20,307
3 years$15,111$14,682$14,270$13,873$13,491$12,561
4 years$11,220$10,793$10,385$9,995$9,622$8,726
5 years$8,886$8,462$8,059$7,677$7,314$6,456
6 years$7,331$6,910$6,513$6,139$5,788$4,967
7 years$6,220$5,803$5,412$5,048$4,707$3,924
8 years$5,388$4,974$4,590$4,234$3,905$3,160
9 years$4,741$4,331$3,953$3,607$3,288$2,581
10 years$4,223$3,817$3,447$3,109$2,802$2,131
11 years$3,800$3,398$3,034$2,706$2,410$1,775
12 years$3,448$3,050$2,693$2,373$2,088$1,488
13 years$3,150$2,757$2,406$2,095$1,821$1,255
14 years$2,895$2,506$2,162$1,860$1,596$1,063
15 years$2,674$2,289$1,952$1,659$1,405$903
16 years$2,481$2,100$1,770$1,485$1,242$770
17 years$2,311$1,934$1,610$1,334$1,101$659
18 years$2,160$1,787$1,470$1,203$979$564
19 years$2,025$1,656$1,346$1,087$873$485
20 years$1,903$1,539$1,235$984$780$417
21 years$1,794$1,434$1,136$893$698$359
22 years$1,694$1,338$1,047$812$625$309
23 years$1,603$1,252$967$740$561$267
24 years$1,520$1,173$894$675$505$230
25 years$1,444$1,101$828$616$454$199
26 years$1,373$1,034$768$563$409$172
27 years$1,308$973$713$516$369$149
28 years$1,248$917$663$472$333$129
29 years$1,192$865$617$433$300$112
30 years$1,140$817$575$398$271$97
31 years$1,091$773$536$365$245$84
32 years$1,046$731$500$336$222$73
33 years$1,003$692$467$309$201$63
34 years$963$656$436$284$182$55
35 years$925$622$408$261$165$47
36 years$889$591$381$241$149$41
37 years$856$561$357$222$135$36
38 years$824$533$334$204$123$31
39 years$794$507$313$188$111$27
40 years$766$482$294$174$101$23
41 years$739$459$275$160$92$20
42 years$713$437$258$148$83$17
43 years$689$417$242$137$75$15
44 years$665$397$227$126$68$13
45 years$643$379$214$117$62$11
46 years$622$361$201$108$56$10
47 years$602$345$188$99$51$9
48 years$583$329$177$92$47$7
49 years$564$314$166$85$42$6
50 years$547$300$156$78$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $560,000, adding $4,572 every year, while hoping to spend $44,381 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: 45/37/18 Blend
40$560,000$560,000$560,000$560,000
41$621,836$592,156$583,476$646,416
42$638,042$573,951$555,801$645,877
43$654,414$553,366$525,712$640,513
44$670,921$530,238$493,081$633,759
45$687,530$504,394$457,774$625,507
46$704,200$475,651$419,651$615,640
47$720,887$443,816$378,567$604,034
48$737,538$408,684$334,371$590,556
49$754,096$370,039$286,901$575,063
50$770,496$327,653$235,994$557,403
51$786,661$281,283$181,475$537,413
52$802,509$230,674$123,163$514,919
53$817,945$175,557$60,869$489,735
54$832,864$115,648$0$461,661
55$847,146$50,644$0$431,561
56$860,659$0$0$410,673
57$873,253$0$0$395,142
58$884,764$0$0$399,656
59$895,006$0$0$403,503
60$903,773$0$0$406,580
61$910,834$0$0$408,771
62$915,933$0$0$409,949
63$918,788$0$0$409,970
64$919,080$0$0$408,677
65$916,459$0$0$405,893
66$910,535$0$0$401,426
67$900,876$0$0$395,057
68$887,002$0$0$386,549
69$868,382$0$0$375,636
70$844,425$0$0$362,023
71$814,480$0$0$345,387
72$777,824$0$0$325,366
73$733,658$0$0$301,563
74$681,097$0$0$273,536
75$619,161$0$0$240,800
76$546,769$0$0$202,813
77$462,723$0$0$158,983
78$365,700$0$0$108,649
79$254,237$0$0$51,084
80$126,720$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0