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%15.7%
1 years$51,199$50,743$50,298$49,864$49,440$48,284
2 years$25,346$24,874$24,417$23,973$23,543$22,385
3 years$16,730$16,255$15,799$15,360$14,936$13,813
4 years$12,422$11,949$11,498$11,066$10,653$9,572
5 years$9,838$9,369$8,923$8,500$8,098$7,063
6 years$8,116$7,650$7,211$6,797$6,408$5,419
7 years$6,887$6,425$5,992$5,588$5,211$4,270
8 years$5,965$5,507$5,082$4,688$4,323$3,428
9 years$5,249$4,795$4,377$3,993$3,641$2,792
10 years$4,676$4,226$3,816$3,442$3,102$2,298
11 years$4,207$3,763$3,360$2,996$2,668$1,908
12 years$3,817$3,377$2,982$2,628$2,312$1,594
13 years$3,488$3,052$2,664$2,320$2,016$1,340
14 years$3,205$2,774$2,393$2,059$1,767$1,131
15 years$2,961$2,534$2,161$1,836$1,556$958
16 years$2,747$2,325$1,959$1,644$1,375$814
17 years$2,558$2,141$1,783$1,477$1,219$694
18 years$2,391$1,979$1,627$1,331$1,084$592
19 years$2,242$1,834$1,490$1,203$966$506
20 years$2,107$1,704$1,367$1,090$863$434
21 years$1,986$1,587$1,258$989$772$372
22 years$1,875$1,482$1,159$899$692$319
23 years$1,775$1,386$1,070$819$622$274
24 years$1,683$1,298$990$747$559$236
25 years$1,598$1,218$917$682$503$203
26 years$1,521$1,145$850$624$453$175
27 years$1,449$1,078$790$571$408$151
28 years$1,382$1,016$734$523$368$130
29 years$1,320$958$683$480$333$112
30 years$1,262$905$636$440$301$97
31 years$1,208$855$593$404$272$83
32 years$1,158$809$553$372$246$72
33 years$1,110$766$517$342$222$62
34 years$1,066$726$483$314$201$54
35 years$1,024$689$451$289$182$46
36 years$985$654$422$267$165$40
37 years$948$621$395$246$150$35
38 years$912$590$370$226$136$30
39 years$879$561$347$209$123$26
40 years$848$534$325$192$112$22
41 years$818$508$305$178$101$19
42 years$789$484$286$164$92$17
43 years$762$461$268$151$83$14
44 years$737$440$252$140$76$12
45 years$712$419$236$129$69$11
46 years$689$400$222$119$62$9
47 years$667$382$209$110$57$8
48 years$645$364$196$102$51$7
49 years$625$348$184$94$47$6
50 years$605$332$173$87$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $620,000, adding $2,455 every year, while hoping to spend $31,945 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: 50/27/23 Blend
40$620,000$620,000$620,000$620,000
41$685,772$652,912$643,302$715,519
42$721,732$650,916$630,864$734,438
43$760,289$647,751$616,938$751,553
44$801,674$643,326$601,441$769,499
45$846,141$637,546$584,286$788,367
46$893,969$630,307$565,381$808,261
47$945,463$621,502$544,630$829,295
48$1,000,960$611,014$521,935$851,598
49$1,060,827$598,723$497,189$875,314
50$1,125,471$584,500$470,284$900,605
51$1,195,336$568,208$441,106$927,649
52$1,270,912$549,702$409,535$956,647
53$1,352,736$528,829$375,446$987,822
54$1,441,401$505,427$338,709$1,021,424
55$1,537,557$479,326$299,188$1,057,731
56$1,641,917$450,343$256,741$1,097,050
57$1,755,270$418,287$211,219$1,139,726
58$1,878,480$382,955$162,467$1,186,142
59$2,012,499$344,134$110,324$1,236,723
60$2,158,374$301,596$54,619$1,291,941
61$2,317,257$255,103$0$1,352,323
62$2,490,416$204,402$0$1,419,635
63$2,679,246$149,225$0$1,507,723
64$2,885,283$89,292$0$1,603,934
65$3,110,218$24,303$0$1,709,115
66$3,355,911$0$0$1,824,202
67$3,624,412$0$0$1,963,913
68$3,917,974$0$0$2,124,623
69$4,239,082$0$0$2,300,476
70$4,590,470$0$0$2,492,980
71$4,975,147$0$0$2,703,792
72$5,396,430$0$0$2,934,737
73$5,857,968$0$0$3,187,826
74$6,363,784$0$0$3,465,273
75$6,918,304$0$0$3,769,516
76$7,526,406$0$0$4,103,243
77$8,193,460$0$0$4,469,410
78$8,925,385$0$0$4,871,277
79$9,728,695$0$0$5,312,433
80$10,610,570$0$0$5,796,831
81$11,578,918$0$0$6,328,829
82$12,642,448$0$0$6,913,222
83$13,810,756$0$0$7,555,298
84$15,094,413$0$0$8,260,878
85$16,505,064$0$0$9,036,379
86$18,055,539$0$0$9,888,866
87$19,759,971$0$0$10,826,127
88$21,633,933$0$0$11,856,739
89$23,694,580$0$0$12,990,153
90$25,960,814$0$0$14,236,783
91$28,453,459$0$0$15,608,100
92$31,195,460$0$0$17,116,745
93$34,212,097$0$0$18,776,646
94$37,531,224$0$0$20,603,147
95$41,183,531$0$0$22,613,157
96$45,202,833$0$0$24,825,305
97$49,626,390$0$0$27,260,118
98$54,495,255$0$0$29,940,216
99$59,854,663$0$0$32,890,520
100$65,754,459$0$0$36,138,492