Can I retire at age 41 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$52,851$52,380$51,921$51,472$51,034$49,243
2 years$26,164$25,676$25,204$24,746$24,302$22,516
3 years$17,269$16,780$16,309$15,855$15,418$13,694
4 years$12,823$12,335$11,869$11,423$10,996$9,347
5 years$10,156$9,671$9,211$8,774$8,359$6,789
6 years$8,378$7,897$7,443$7,016$6,614$5,124
7 years$7,109$6,632$6,186$5,769$5,379$3,969
8 years$6,158$5,685$5,246$4,839$4,463$3,131
9 years$5,418$4,950$4,518$4,122$3,758$2,504
10 years$4,827$4,363$3,939$3,553$3,202$2,023
11 years$4,343$3,884$3,468$3,092$2,754$1,647
12 years$3,941$3,486$3,078$2,712$2,387$1,350
13 years$3,600$3,150$2,750$2,395$2,081$1,111
14 years$3,309$2,864$2,471$2,126$1,824$919
15 years$3,056$2,616$2,231$1,896$1,606$762
16 years$2,835$2,400$2,022$1,697$1,420$634
17 years$2,641$2,210$1,840$1,525$1,259$528
18 years$2,468$2,042$1,680$1,374$1,119$441
19 years$2,314$1,893$1,538$1,242$998$369
20 years$2,175$1,759$1,411$1,125$891$309
21 years$2,050$1,638$1,298$1,021$797$259
22 years$1,936$1,529$1,197$928$715$217
23 years$1,832$1,430$1,105$845$642$182
24 years$1,737$1,340$1,022$771$577$153
25 years$1,650$1,258$946$704$519$129
26 years$1,570$1,182$878$644$467$108
27 years$1,495$1,112$815$589$421$91
28 years$1,426$1,048$758$540$380$76
29 years$1,362$989$705$495$343$64
30 years$1,303$934$657$454$310$54
31 years$1,247$883$612$417$280$46
32 years$1,195$835$571$384$254$38
33 years$1,146$791$533$353$230$32
34 years$1,100$750$498$324$208$27
35 years$1,057$711$466$299$188$23
36 years$1,016$675$436$275$171$19
37 years$978$641$408$253$155$16
38 years$942$609$382$234$140$14
39 years$908$579$358$215$127$12
40 years$875$551$335$199$115$10
41 years$844$525$315$183$105$8
42 years$815$500$295$169$95$7
43 years$787$476$277$156$86$6
44 years$760$454$260$144$78$5
45 years$735$433$244$133$71$4
46 years$711$413$229$123$64$3
47 years$688$394$215$114$59$3
48 years$666$376$202$105$53$2
49 years$645$359$190$97$48$2
50 years$625$343$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $640,000, adding $4,446 every year, while hoping to spend $45,880 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: 31/47/22 Blend
40$640,000$640,000$640,000$640,000
41$709,866$675,946$666,026$726,916
42$733,456$660,251$639,522$724,523
43$757,915$642,250$610,592$717,521
44$783,283$621,781$579,107$709,034
45$809,602$598,672$544,931$698,963
46$836,918$572,743$507,923$687,201
47$865,279$543,803$467,934$673,638
48$894,737$511,650$424,810$658,155
49$925,348$476,068$378,389$640,629
50$957,171$436,833$328,502$620,932
51$990,269$393,704$274,974$598,927
52$1,024,710$346,430$217,619$574,470
53$1,060,568$294,741$156,246$547,412
54$1,097,920$238,358$90,654$517,594
55$1,136,850$176,980$20,634$484,850
56$1,177,451$110,294$0$449,007
57$1,219,819$37,966$0$422,580
58$1,264,060$0$0$398,674
59$1,310,287$0$0$393,168
60$1,358,625$0$0$407,966
61$1,409,206$0$0$423,476
62$1,462,174$0$0$439,746
63$1,517,686$0$0$456,828
64$1,575,910$0$0$474,776
65$1,637,031$0$0$493,654
66$1,701,248$0$0$513,525
67$1,768,779$0$0$534,464
68$1,839,859$0$0$556,548
69$1,914,744$0$0$579,863
70$1,993,716$0$0$604,502
71$2,077,078$0$0$630,568
72$2,165,164$0$0$658,171
73$2,258,335$0$0$687,433
74$2,356,987$0$0$718,487
75$2,461,554$0$0$751,478
76$2,572,508$0$0$786,565
77$2,690,364$0$0$823,921
78$2,815,690$0$0$863,737
79$2,949,102$0$0$906,221
80$3,091,277$0$0$951,602
81$3,242,958$0$0$1,000,129
82$3,404,956$0$0$1,052,077
83$3,578,161$0$0$1,107,747
84$3,763,548$0$0$1,167,468
85$3,962,188$0$0$1,231,603
86$4,175,255$0$0$1,300,549
87$4,404,035$0$0$1,374,742
88$4,649,942$0$0$1,454,662
89$4,914,528$0$0$1,540,833
90$5,199,495$0$0$1,633,835
91$5,506,716$0$0$1,734,301
92$5,838,244$0$0$1,842,930
93$6,196,339$0$0$1,960,489
94$6,583,480$0$0$2,087,821
95$7,002,396$0$0$2,225,853
96$7,456,085$0$0$2,375,603
97$7,947,843$0$0$2,538,194
98$8,481,294$0$0$2,714,857
99$9,060,424$0$0$2,906,950
100$9,689,617$0$0$3,115,965