Can I retire at age 41 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$48,722$48,288$47,864$47,451$47,047$45,199
2 years$24,120$23,670$23,235$22,813$22,404$20,564
3 years$15,920$15,469$15,035$14,616$14,214$12,440
4 years$11,821$11,371$10,941$10,530$10,137$8,444
5 years$9,362$8,915$8,491$8,088$7,706$6,098
6 years$7,724$7,280$6,862$6,468$6,098$4,575
7 years$6,554$6,114$5,702$5,318$4,959$3,521
8 years$5,677$5,241$4,836$4,461$4,114$2,760
9 years$4,995$4,563$4,165$3,800$3,465$2,192
10 years$4,450$4,022$3,631$3,276$2,952$1,758
11 years$4,004$3,580$3,197$2,851$2,539$1,422
12 years$3,633$3,214$2,837$2,500$2,200$1,156
13 years$3,319$2,904$2,535$2,208$1,919$945
14 years$3,050$2,640$2,278$1,960$1,682$775
15 years$2,817$2,412$2,056$1,748$1,481$638
16 years$2,614$2,213$1,864$1,565$1,309$526
17 years$2,435$2,038$1,697$1,406$1,160$435
18 years$2,275$1,883$1,549$1,267$1,032$360
19 years$2,133$1,745$1,418$1,145$920$299
20 years$2,005$1,622$1,301$1,037$821$248
21 years$1,890$1,510$1,197$941$735$206
22 years$1,785$1,410$1,103$856$659$171
23 years$1,689$1,319$1,018$779$591$143
24 years$1,602$1,236$942$711$532$119
25 years$1,521$1,159$872$649$478$99
26 years$1,447$1,090$809$593$431$82
27 years$1,378$1,026$751$543$389$69
28 years$1,315$966$698$498$351$57
29 years$1,256$912$650$456$317$48
30 years$1,201$861$605$419$286$40
31 years$1,150$814$564$385$259$33
32 years$1,102$770$527$354$234$28
33 years$1,057$729$492$325$212$23
34 years$1,014$691$459$299$192$19
35 years$975$656$430$275$174$16
36 years$937$622$402$254$157$13
37 years$902$591$376$234$143$11
38 years$868$562$352$215$129$9
39 years$837$534$330$199$117$8
40 years$807$508$309$183$106$7
41 years$778$484$290$169$96$5
42 years$751$461$272$156$88$5
43 years$725$439$255$144$79$4
44 years$701$418$240$133$72$3
45 years$678$399$225$123$65$3
46 years$655$381$211$113$59$2
47 years$634$363$199$105$54$2
48 years$614$347$187$97$49$2
49 years$595$331$175$89$45$1
50 years$576$316$165$83$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $590,000, adding $4,074 every year, while hoping to spend $24,194 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: 32/38/30 Blend
40$590,000$590,000$590,000$590,000
41$654,382$623,112$613,967$669,249
42$695,387$627,903$608,793$685,850
43$739,763$632,117$602,634$701,319
44$787,830$635,701$595,433$717,517
45$839,936$638,598$587,128$734,524
46$896,467$640,747$577,654$752,433
47$957,847$642,083$566,946$771,347
48$1,024,540$642,538$554,931$791,380
49$1,097,059$642,039$541,538$812,661
50$1,175,968$640,507$526,688$835,335
51$1,261,886$637,862$510,301$859,561
52$1,355,496$634,014$492,294$885,521
53$1,457,548$628,873$472,577$913,414
54$1,568,870$622,339$451,060$943,464
55$1,690,369$614,308$427,645$975,920
56$1,823,048$604,670$402,232$1,011,062
57$1,968,008$593,309$374,716$1,049,197
58$2,126,463$580,099$344,988$1,090,671
59$2,299,748$564,910$312,931$1,135,866
60$2,489,335$547,603$278,427$1,185,209
61$2,696,843$528,031$241,349$1,239,174
62$2,924,054$506,038$201,568$1,298,286
63$3,172,934$481,460$158,946$1,363,131
64$3,445,643$454,122$113,342$1,434,358
65$3,744,565$423,840$64,605$1,512,686
66$4,072,322$390,419$12,580$1,598,916
67$4,431,804$353,655$0$1,693,933
68$4,826,191$313,327$0$1,812,465
69$5,258,990$269,208$0$1,947,049
70$5,734,062$221,053$0$2,094,917
71$6,255,658$168,607$0$2,257,465
72$6,828,463$111,597$0$2,436,239
73$7,457,639$49,738$0$2,632,941
74$8,148,870$0$0$2,849,458
75$8,908,419$0$0$3,095,091
76$9,743,185$0$0$3,388,002
77$10,660,770$0$0$3,710,072
78$11,669,548$0$0$4,064,253
79$12,778,744$0$0$4,453,797
80$13,998,524$0$0$4,882,286
81$15,340,086$0$0$5,353,669
82$16,815,770$0$0$5,872,295
83$18,439,169$0$0$6,442,955
84$20,225,264$0$0$7,070,931
85$22,190,557$0$0$7,762,041
86$24,353,233$0$0$8,522,695
87$26,733,327$0$0$9,359,957
88$29,352,918$0$0$10,281,610
89$32,236,329$0$0$11,296,230
90$35,410,366$0$0$12,413,267
91$38,904,560$0$0$13,643,134
92$42,751,456$0$0$14,997,304
93$46,986,913$0$0$16,488,421
94$51,650,442$0$0$18,130,415
95$56,785,584$0$0$19,938,638
96$62,440,314$0$0$21,930,006
97$68,667,499$0$0$24,123,158
98$75,525,392$0$0$26,538,635
99$83,078,185$0$0$29,199,071
100$91,396,613$0$0$32,129,407