Can I retire at age 41 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$51,199$50,743$50,298$49,864$49,440$48,781
2 years$25,346$24,874$24,417$23,973$23,543$22,881
3 years$16,730$16,255$15,799$15,360$14,936$14,291
4 years$12,422$11,949$11,498$11,066$10,653$10,029
5 years$9,838$9,369$8,923$8,500$8,098$7,498
6 years$8,116$7,650$7,211$6,797$6,408$5,832
7 years$6,887$6,425$5,992$5,588$5,211$4,660
8 years$5,965$5,507$5,082$4,688$4,323$3,796
9 years$5,249$4,795$4,377$3,993$3,641$3,138
10 years$4,676$4,226$3,816$3,442$3,102$2,623
11 years$4,207$3,763$3,360$2,996$2,668$2,212
12 years$3,817$3,377$2,982$2,628$2,312$1,879
13 years$3,488$3,052$2,664$2,320$2,016$1,605
14 years$3,205$2,774$2,393$2,059$1,767$1,378
15 years$2,961$2,534$2,161$1,836$1,556$1,188
16 years$2,747$2,325$1,959$1,644$1,375$1,027
17 years$2,558$2,141$1,783$1,477$1,219$891
18 years$2,391$1,979$1,627$1,331$1,084$774
19 years$2,242$1,834$1,490$1,203$966$675
20 years$2,107$1,704$1,367$1,090$863$589
21 years$1,986$1,587$1,258$989$772$515
22 years$1,875$1,482$1,159$899$692$450
23 years$1,775$1,386$1,070$819$622$395
24 years$1,683$1,298$990$747$559$346
25 years$1,598$1,218$917$682$503$304
26 years$1,521$1,145$850$624$453$267
27 years$1,449$1,078$790$571$408$235
28 years$1,382$1,016$734$523$368$206
29 years$1,320$958$683$480$333$182
30 years$1,262$905$636$440$301$160
31 years$1,208$855$593$404$272$141
32 years$1,158$809$553$372$246$124
33 years$1,110$766$517$342$222$109
34 years$1,066$726$483$314$201$96
35 years$1,024$689$451$289$182$85
36 years$985$654$422$267$165$75
37 years$948$621$395$246$150$66
38 years$912$590$370$226$136$58
39 years$879$561$347$209$123$52
40 years$848$534$325$192$112$46
41 years$818$508$305$178$101$40
42 years$789$484$286$164$92$35
43 years$762$461$268$151$83$31
44 years$737$440$252$140$76$28
45 years$712$419$236$129$69$24
46 years$689$400$222$119$62$22
47 years$667$382$209$110$57$19
48 years$645$364$196$102$51$17
49 years$625$348$184$94$47$15
50 years$605$332$173$87$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $620,000, adding $2,696 every year, while hoping to spend $25,076 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: 32/50/18 Blend
40$620,000$620,000$620,000$620,000
41$686,021$653,161$643,551$704,045
42$729,314$658,485$638,429$723,013
43$776,183$663,230$632,295$740,942
44$826,966$667,340$625,089$759,720
45$882,034$670,757$616,748$779,436
46$941,797$673,420$607,204$800,190
47$1,006,704$675,261$596,389$822,093
48$1,077,251$676,212$584,231$845,269
49$1,153,980$676,196$570,653$869,857
50$1,237,492$675,136$555,575$896,012
51$1,328,445$672,946$538,916$923,906
52$1,427,565$669,538$520,588$953,733
53$1,535,648$664,818$500,499$985,706
54$1,653,574$658,683$478,555$1,020,067
55$1,782,309$651,029$454,657$1,057,080
56$1,922,916$641,742$428,701$1,097,044
57$2,076,569$630,702$400,577$1,140,288
58$2,244,556$617,783$370,173$1,187,179
59$2,428,297$602,851$337,370$1,238,127
60$2,629,356$585,763$302,045$1,293,584
61$2,849,453$566,369$264,067$1,354,055
62$3,090,486$544,510$223,302$1,420,099
63$3,354,542$520,017$179,608$1,492,340
64$3,643,919$492,712$132,839$1,571,465
65$3,961,150$462,406$82,840$1,658,242
66$4,309,023$428,899$29,451$1,753,518
67$4,690,610$391,982$0$1,858,236
68$5,109,294$351,431$0$1,978,725
69$5,568,802$307,011$0$2,117,236
70$6,073,237$258,472$0$2,269,423
71$6,627,123$205,553$0$2,436,743
72$7,235,438$147,974$0$2,620,806
73$7,903,671$85,442$0$2,823,392
74$8,637,865$17,649$0$3,046,470
75$9,444,680$0$0$3,292,218
76$10,331,451$0$0$3,593,704
77$11,306,261$0$0$3,935,899
78$12,378,012$0$0$4,312,231
79$13,556,515$0$0$4,726,156
80$14,852,578$0$0$5,181,486
81$16,278,109$0$0$5,682,417
82$17,846,226$0$0$6,233,574
83$19,571,385$0$0$6,840,053
84$21,469,513$0$0$7,507,469
85$23,558,158$0$0$8,242,007
86$25,856,656$0$0$9,050,485
87$28,386,311$0$0$9,940,413
88$31,170,598$0$0$10,920,067
89$34,235,381$0$0$11,998,566
90$37,609,162$0$0$13,185,959
91$41,323,345$0$0$14,493,317
92$45,412,532$0$0$15,932,842
93$49,914,855$0$0$17,517,975
94$54,872,326$0$0$19,263,532
95$60,331,244$0$0$21,185,836
96$66,342,623$0$0$23,302,873
97$72,962,676$0$0$25,634,465
98$80,253,348$0$0$28,202,452
99$88,282,895$0$0$31,030,902
100$97,126,533$0$0$34,146,335