Can I retire at age 41 with 590,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$48,722$48,288$47,864$47,451$47,047$46,230
2 years$24,120$23,670$23,235$22,813$22,404$21,583
3 years$15,920$15,469$15,035$14,616$14,214$13,415
4 years$11,821$11,371$10,941$10,530$10,137$9,367
5 years$9,362$8,915$8,491$8,088$7,706$6,966
6 years$7,724$7,280$6,862$6,468$6,098$5,389
7 years$6,554$6,114$5,702$5,318$4,959$4,282
8 years$5,677$5,241$4,836$4,461$4,114$3,468
9 years$4,995$4,563$4,165$3,800$3,465$2,850
10 years$4,450$4,022$3,631$3,276$2,952$2,368
11 years$4,004$3,580$3,197$2,851$2,539$1,984
12 years$3,633$3,214$2,837$2,500$2,200$1,675
13 years$3,319$2,904$2,535$2,208$1,919$1,421
14 years$3,050$2,640$2,278$1,960$1,682$1,212
15 years$2,817$2,412$2,056$1,748$1,481$1,037
16 years$2,614$2,213$1,864$1,565$1,309$891
17 years$2,435$2,038$1,697$1,406$1,160$767
18 years$2,275$1,883$1,549$1,267$1,032$662
19 years$2,133$1,745$1,418$1,145$920$573
20 years$2,005$1,622$1,301$1,037$821$496
21 years$1,890$1,510$1,197$941$735$430
22 years$1,785$1,410$1,103$856$659$374
23 years$1,689$1,319$1,018$779$591$325
24 years$1,602$1,236$942$711$532$283
25 years$1,521$1,159$872$649$478$246
26 years$1,447$1,090$809$593$431$215
27 years$1,378$1,026$751$543$389$187
28 years$1,315$966$698$498$351$163
29 years$1,256$912$650$456$317$143
30 years$1,201$861$605$419$286$125
31 years$1,150$814$564$385$259$109
32 years$1,102$770$527$354$234$95
33 years$1,057$729$492$325$212$83
34 years$1,014$691$459$299$192$73
35 years$975$656$430$275$174$64
36 years$937$622$402$254$157$56
37 years$902$591$376$234$143$49
38 years$868$562$352$215$129$43
39 years$837$534$330$199$117$37
40 years$807$508$309$183$106$33
41 years$778$484$290$169$96$28
42 years$751$461$272$156$88$25
43 years$725$439$255$144$79$22
44 years$701$418$240$133$72$19
45 years$678$399$225$123$65$17
46 years$655$381$211$113$59$15
47 years$634$363$199$105$54$13
48 years$614$347$187$97$49$11
49 years$595$331$175$89$45$10
50 years$576$316$165$83$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $590,000, adding $5,842 every year, while hoping to spend $21,946 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: 50/40/10 Blend
40$590,000$590,000$590,000$590,000
41$656,206$624,936$615,791$686,989
42$699,789$632,208$613,070$715,945
43$747,081$639,100$609,522$744,583
44$798,439$645,571$605,096$775,195
45$854,252$651,577$599,739$807,973
46$914,952$657,070$593,396$843,127
47$981,010$661,999$586,008$880,891
48$1,052,946$666,311$577,513$921,523
49$1,131,335$669,948$567,848$965,308
50$1,216,805$672,849$556,945$1,012,561
51$1,310,051$674,950$544,734$1,063,628
52$1,411,835$676,182$531,141$1,118,895
53$1,522,998$676,471$516,091$1,178,786
54$1,644,465$675,740$499,501$1,243,769
55$1,777,255$673,905$481,289$1,314,364
56$1,922,489$670,880$461,365$1,391,140
57$2,081,401$666,571$439,639$1,474,731
58$2,255,350$660,880$416,014$1,565,834
59$2,445,835$653,702$390,389$1,665,220
60$2,654,502$644,925$362,659$1,773,740
61$2,883,169$634,434$332,716$1,892,333
62$3,133,833$622,102$300,443$2,022,038
63$3,408,697$607,799$265,721$2,163,999
64$3,710,187$591,384$228,425$2,319,482
65$4,040,974$572,709$188,425$2,489,883
66$4,403,999$551,618$145,584$2,676,743
67$4,802,505$527,945$99,759$2,881,766
68$5,240,062$501,515$50,802$3,106,828
69$5,720,602$472,143$0$3,354,003
70$6,248,457$439,632$0$3,625,734
71$6,828,401$403,776$0$3,930,186
72$7,465,691$364,354$0$4,264,738
73$8,166,120$321,136$0$4,632,485
74$8,936,069$273,876$0$5,036,840
75$9,782,568$222,316$0$5,481,569
76$10,713,364$166,183$0$5,970,823
77$11,736,989$105,188$0$6,509,185
78$12,862,846$39,026$0$7,101,707
79$14,101,293$0$0$7,753,961
80$15,463,746$0$0$8,486,454
81$16,962,778$0$0$9,311,348
82$18,612,246$0$0$10,219,098
83$20,427,417$0$0$11,218,115
84$22,425,112$0$0$12,317,667
85$24,623,866$0$0$13,527,965
86$27,044,101$0$0$14,860,262
87$29,708,322$0$0$16,326,955
88$32,641,323$0$0$17,941,705
89$35,870,427$0$0$19,719,566
90$39,425,740$0$0$21,677,125
91$43,340,436$0$0$23,832,659
92$47,651,069$0$0$26,206,308
93$52,397,918$0$0$28,820,264
94$57,625,368$0$0$31,698,984
95$63,382,329$0$0$34,869,412
96$69,722,694$0$0$38,361,244
97$76,705,850$0$0$42,207,201
98$84,397,238$0$0$46,443,337
99$92,868,971$0$0$51,109,386
100$102,200,512$0$0$56,249,131