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%17.3%
1 years$48,722$48,288$47,864$47,451$47,047$45,651
2 years$24,120$23,670$23,235$22,813$22,404$21,008
3 years$15,920$15,469$15,035$14,616$14,214$12,863
4 years$11,821$11,371$10,941$10,530$10,137$8,842
5 years$9,362$8,915$8,491$8,088$7,706$6,470
6 years$7,724$7,280$6,862$6,468$6,098$4,921
7 years$6,554$6,114$5,702$5,318$4,959$3,842
8 years$5,677$5,241$4,836$4,461$4,114$3,056
9 years$4,995$4,563$4,165$3,800$3,465$2,465
10 years$4,450$4,022$3,631$3,276$2,952$2,009
11 years$4,004$3,580$3,197$2,851$2,539$1,651
12 years$3,633$3,214$2,837$2,500$2,200$1,365
13 years$3,319$2,904$2,535$2,208$1,919$1,135
14 years$3,050$2,640$2,278$1,960$1,682$947
15 years$2,817$2,412$2,056$1,748$1,481$794
16 years$2,614$2,213$1,864$1,565$1,309$667
17 years$2,435$2,038$1,697$1,406$1,160$561
18 years$2,275$1,883$1,549$1,267$1,032$474
19 years$2,133$1,745$1,418$1,145$920$400
20 years$2,005$1,622$1,301$1,037$821$339
21 years$1,890$1,510$1,197$941$735$287
22 years$1,785$1,410$1,103$856$659$243
23 years$1,689$1,319$1,018$779$591$206
24 years$1,602$1,236$942$711$532$175
25 years$1,521$1,159$872$649$478$149
26 years$1,447$1,090$809$593$431$127
27 years$1,378$1,026$751$543$389$108
28 years$1,315$966$698$498$351$92
29 years$1,256$912$650$456$317$78
30 years$1,201$861$605$419$286$66
31 years$1,150$814$564$385$259$57
32 years$1,102$770$527$354$234$48
33 years$1,057$729$492$325$212$41
34 years$1,014$691$459$299$192$35
35 years$975$656$430$275$174$30
36 years$937$622$402$254$157$25
37 years$902$591$376$234$143$22
38 years$868$562$352$215$129$18
39 years$837$534$330$199$117$16
40 years$807$508$309$183$106$13
41 years$778$484$290$169$96$11
42 years$751$461$272$156$88$10
43 years$725$439$255$144$79$8
44 years$701$418$240$133$72$7
45 years$678$399$225$123$65$6
46 years$655$381$211$113$59$5
47 years$634$363$199$105$54$4
48 years$614$347$187$97$49$4
49 years$595$331$175$89$45$3
50 years$576$316$165$83$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $590,000, adding $3,946 every year, while hoping to spend $27,105 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: 65/14/21 Blend
40$590,000$590,000$590,000$590,000
41$654,250$622,980$613,835$693,028
42$692,144$624,667$605,559$721,262
43$732,995$625,528$596,098$748,669
44$777,076$625,493$585,382$777,988
45$824,686$624,491$573,341$809,408
46$876,155$622,442$559,899$843,138
47$931,846$619,265$544,978$879,406
48$992,156$614,871$528,497$918,470
49$1,057,524$609,168$510,370$960,608
50$1,128,431$602,056$490,506$1,006,134
51$1,205,405$593,432$468,813$1,055,390
52$1,289,031$583,184$445,192$1,108,755
53$1,379,947$571,195$419,542$1,166,650
54$1,478,859$557,341$391,754$1,229,538
55$1,586,542$541,490$361,717$1,297,930
56$1,703,849$523,503$329,314$1,372,392
57$1,831,719$503,232$294,423$1,453,548
58$1,971,185$480,521$256,917$1,542,088
59$2,123,385$455,205$216,663$1,638,774
60$2,289,570$427,110$173,521$1,744,446
61$2,471,118$396,050$127,346$1,860,033
62$2,669,546$361,831$77,986$1,986,561
63$2,886,525$324,246$25,284$2,125,160
64$3,123,893$283,077$0$2,277,081
65$3,383,676$238,093$0$2,450,640
66$3,668,102$189,051$0$2,646,918
67$3,979,628$135,694$0$2,861,967
68$4,320,957$77,750$0$3,097,681
69$4,695,066$14,931$0$3,356,151
70$5,105,236$0$0$3,639,683
71$5,555,079$0$0$3,958,991
72$6,048,572$0$0$4,311,846
73$6,590,098$0$0$4,699,088
74$7,184,484$0$0$5,124,173
75$7,837,046$0$0$5,590,908
76$8,553,641$0$0$6,103,488
77$9,340,722$0$0$6,666,534
78$10,205,395$0$0$7,285,136
79$11,155,490$0$0$7,964,902
80$12,199,633$0$0$8,712,010
81$13,347,327$0$0$9,533,265
82$14,609,040$0$0$10,436,166
83$15,996,307$0$0$11,428,974
84$17,521,835$0$0$12,520,791
85$19,199,625$0$0$13,721,644
86$21,045,102$0$0$15,042,581
87$23,075,262$0$0$16,495,776
88$25,308,830$0$0$18,094,641
89$27,766,440$0$0$19,853,953
90$30,470,822$0$0$21,789,995
91$33,447,026$0$0$23,920,708
92$36,722,651$0$0$26,265,860
93$40,328,106$0$0$28,847,232
94$44,296,900$0$0$31,688,826
95$48,665,954$0$0$34,817,086
96$53,475,950$0$0$38,261,153
97$58,771,717$0$0$42,053,135
98$64,602,650$0$0$46,228,414
99$71,023,180$0$0$50,825,975
100$78,093,282$0$0$55,888,780