Can I retire at age 41 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$49,547$49,106$48,676$48,255$47,845$45,947
2 years$24,528$24,072$23,629$23,200$22,783$20,894
3 years$16,190$15,731$15,289$14,864$14,455$12,634
4 years$12,021$11,564$11,127$10,709$10,309$8,572
5 years$9,521$9,066$8,635$8,225$7,837$6,186
6 years$7,855$7,403$6,978$6,578$6,201$4,639
7 years$6,665$6,217$5,799$5,408$5,043$3,568
8 years$5,773$5,329$4,918$4,537$4,184$2,795
9 years$5,079$4,640$4,236$3,864$3,523$2,219
10 years$4,525$4,090$3,693$3,331$3,002$1,779
11 years$4,072$3,641$3,251$2,899$2,582$1,437
12 years$3,694$3,268$2,885$2,543$2,237$1,168
13 years$3,375$2,953$2,578$2,245$1,951$954
14 years$3,102$2,685$2,316$1,993$1,710$782
15 years$2,865$2,452$2,091$1,777$1,506$643
16 years$2,658$2,250$1,896$1,591$1,331$530
17 years$2,476$2,072$1,725$1,430$1,180$438
18 years$2,314$1,915$1,575$1,289$1,049$362
19 years$2,169$1,775$1,442$1,164$935$300
20 years$2,039$1,649$1,323$1,054$835$249
21 years$1,922$1,536$1,217$957$748$207
22 years$1,815$1,434$1,122$870$670$172
23 years$1,718$1,341$1,036$792$601$143
24 years$1,629$1,256$958$723$541$119
25 years$1,547$1,179$887$660$486$99
26 years$1,472$1,108$823$604$438$82
27 years$1,402$1,043$764$552$395$69
28 years$1,337$983$710$506$356$57
29 years$1,277$927$661$464$322$48
30 years$1,221$876$616$426$291$40
31 years$1,169$828$574$391$263$33
32 years$1,120$783$536$360$238$28
33 years$1,075$742$500$331$215$23
34 years$1,032$703$467$304$195$19
35 years$991$667$437$280$177$16
36 years$953$633$409$258$160$13
37 years$917$601$382$238$145$11
38 years$883$571$358$219$131$9
39 years$851$543$336$202$119$8
40 years$820$517$315$186$108$6
41 years$791$492$295$172$98$5
42 years$764$468$277$159$89$4
43 years$738$446$260$146$81$4
44 years$713$425$244$135$73$3
45 years$689$406$229$125$67$3
46 years$667$387$215$115$60$2
47 years$645$369$202$107$55$2
48 years$624$353$190$98$50$2
49 years$605$337$178$91$45$1
50 years$586$322$168$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $600,000, adding $4,440 every year, while hoping to spend $35,083 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: 58/15/27 Blend
40$600,000$600,000$600,000$600,000
41$665,780$633,980$624,680$699,264
42$696,361$627,717$608,279$716,415
43$728,886$619,971$590,152$731,016
44$763,516$610,633$570,205$746,206
45$800,427$599,586$548,339$762,052
46$839,812$586,708$524,451$778,631
47$881,883$571,867$498,430$796,026
48$926,873$554,926$470,165$814,332
49$975,035$535,738$439,537$833,657
50$1,026,649$514,150$406,421$854,119
51$1,082,021$489,996$370,690$875,853
52$1,141,486$463,105$332,207$899,008
53$1,205,413$433,293$290,831$923,752
54$1,274,206$400,365$246,416$950,272
55$1,348,311$364,119$198,806$978,777
56$1,428,214$324,337$147,842$1,009,500
57$1,514,453$280,790$93,355$1,042,701
58$1,607,615$233,237$35,171$1,078,670
59$1,708,349$181,423$0$1,117,729
60$1,817,366$125,077$0$1,167,994
61$1,935,447$63,916$0$1,233,425
62$2,063,453$0$0$1,304,381
63$2,202,329$0$0$1,381,806
64$2,353,116$0$0$1,477,369
65$2,516,956$0$0$1,581,249
66$2,695,108$0$0$1,694,251
67$2,888,957$0$0$1,817,258
68$3,100,024$0$0$1,951,243
69$3,329,988$0$0$2,097,276
70$3,580,691$0$0$2,256,536
71$3,854,164$0$0$2,430,317
72$4,152,640$0$0$2,620,049
73$4,478,580$0$0$2,827,300
74$4,834,690$0$0$3,053,802
75$5,223,951$0$0$3,301,458
76$5,649,645$0$0$3,572,363
77$6,115,385$0$0$3,868,828
78$6,625,148$0$0$4,193,392
79$7,183,316$0$0$4,548,854
80$7,794,713$0$0$4,938,298
81$8,464,651$0$0$5,365,117
82$9,198,981$0$0$5,833,050
83$10,004,148$0$0$6,346,213
84$10,887,248$0$0$6,909,142
85$11,856,099$0$0$7,526,832
86$12,919,311$0$0$8,204,784
87$14,086,367$0$0$8,949,059
88$15,367,716$0$0$9,766,333
89$16,774,866$0$0$10,663,960
90$18,320,494$0$0$11,650,041
91$20,018,565$0$0$12,733,500
92$21,884,465$0$0$13,924,169
93$23,935,143$0$0$15,232,880
94$26,189,272$0$0$16,671,566
95$28,667,423$0$0$18,253,372
96$31,392,262$0$0$19,992,785
97$34,388,758$0$0$21,905,760
98$37,684,423$0$0$24,009,882
99$41,309,568$0$0$26,324,520
100$45,297,589$0$0$28,871,018