Can I retire at age 41 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$47,896$47,469$47,053$46,647$46,250$45,390
2 years$23,711$23,269$22,841$22,426$22,024$21,161
3 years$15,650$15,207$14,780$14,369$13,973$13,134
4 years$11,621$11,179$10,756$10,352$9,966$9,157
5 years$9,204$8,764$8,347$7,951$7,576$6,799
6 years$7,593$7,157$6,746$6,359$5,994$5,251
7 years$6,443$6,010$5,606$5,228$4,875$4,165
8 years$5,580$5,152$4,754$4,385$4,044$3,368
9 years$4,910$4,486$4,095$3,735$3,406$2,762
10 years$4,374$3,954$3,570$3,220$2,902$2,291
11 years$3,936$3,520$3,143$2,802$2,496$1,916
12 years$3,571$3,159$2,789$2,458$2,163$1,614
13 years$3,263$2,855$2,492$2,170$1,886$1,367
14 years$2,998$2,595$2,239$1,926$1,653$1,163
15 years$2,770$2,371$2,022$1,718$1,456$994
16 years$2,570$2,175$1,833$1,538$1,287$852
17 years$2,393$2,003$1,668$1,382$1,141$732
18 years$2,237$1,851$1,522$1,246$1,014$630
19 years$2,097$1,715$1,394$1,125$904$544
20 years$1,971$1,594$1,279$1,019$808$470
21 years$1,858$1,485$1,177$925$723$407
22 years$1,754$1,386$1,084$841$648$353
23 years$1,660$1,296$1,001$766$581$306
24 years$1,574$1,215$926$699$523$266
25 years$1,495$1,140$858$638$470$231
26 years$1,422$1,071$795$583$424$201
27 years$1,355$1,008$739$534$382$175
28 years$1,293$950$687$489$345$152
29 years$1,235$896$639$449$311$132
30 years$1,181$846$595$412$281$115
31 years$1,130$800$555$378$254$100
32 years$1,083$757$518$348$230$88
33 years$1,039$717$483$320$208$76
34 years$997$680$452$294$188$67
35 years$958$645$422$271$171$58
36 years$921$612$395$249$155$51
37 years$886$581$370$230$140$44
38 years$854$552$346$212$127$39
39 years$822$525$324$195$115$34
40 years$793$500$304$180$104$29
41 years$765$476$285$166$95$26
42 years$738$453$267$153$86$22
43 years$713$431$251$142$78$20
44 years$689$411$236$131$71$17
45 years$666$392$221$121$64$15
46 years$644$374$208$111$58$13
47 years$624$357$195$103$53$11
48 years$604$341$183$95$48$10
49 years$585$326$172$88$44$9
50 years$566$311$162$81$40$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $580,000, adding $2,663 every year, while hoping to spend $34,335 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: 56/29/15 Blend
40$580,000$580,000$580,000$580,000
41$641,907$611,167$602,177$675,199
42$670,849$604,582$585,818$691,520
43$701,593$596,523$567,760$705,330
44$734,285$586,883$547,910$719,586
45$769,088$575,546$526,170$734,338
46$806,178$562,391$502,440$749,642
47$845,748$547,288$476,611$765,562
48$888,010$530,101$448,574$782,171
49$933,197$510,686$418,211$799,549
50$981,564$488,890$385,401$817,789
51$1,033,389$464,551$350,018$836,995
52$1,088,978$437,498$311,927$857,282
53$1,148,669$407,550$270,992$878,781
54$1,212,830$374,516$227,066$901,641
55$1,281,865$338,194$180,000$926,026
56$1,356,220$298,370$129,634$952,120
57$1,436,382$254,818$75,805$980,132
58$1,522,889$207,300$18,340$1,010,292
59$1,616,329$155,563$0$1,042,862
60$1,717,350$99,341$0$1,085,009
61$1,826,664$38,354$0$1,133,758
62$1,945,054$0$0$1,186,562
63$2,073,380$0$0$1,252,696
64$2,212,588$0$0$1,337,759
65$2,363,719$0$0$1,430,153
66$2,527,916$0$0$1,530,583
67$2,706,439$0$0$1,639,826
68$2,900,673$0$0$1,758,735
69$3,112,141$0$0$1,888,249
70$3,342,521$0$0$2,029,403
71$3,593,656$0$0$2,183,334
72$3,867,579$0$0$2,351,294
73$4,166,524$0$0$2,534,662
74$4,492,952$0$0$2,734,955
75$4,849,571$0$0$2,953,842
76$5,239,362$0$0$3,193,164
77$5,665,609$0$0$3,454,945
78$6,131,926$0$0$3,741,414
79$6,642,292$0$0$4,055,026
80$7,201,091$0$0$4,398,484
81$7,813,148$0$0$4,774,764
82$8,483,777$0$0$5,187,146
83$9,218,831$0$0$5,639,239
84$10,024,757$0$0$6,135,021
85$10,908,653$0$0$6,678,870
86$11,878,341$0$0$7,275,611
87$12,942,432$0$0$7,930,559
88$14,110,414$0$0$8,649,565
89$15,392,738$0$0$9,439,078
90$16,800,915$0$0$10,306,199
91$18,347,627$0$0$11,258,754
92$20,046,843$0$0$12,305,360
93$21,913,955$0$0$13,455,515
94$23,965,915$0$0$14,719,677
95$26,221,402$0$0$16,109,373
96$28,700,994$0$0$17,637,299
97$31,427,362$0$0$19,317,444
98$34,425,485$0$0$21,165,219
99$37,722,880$0$0$23,197,606
100$41,349,869$0$0$25,433,312