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%17.8%
1 years$52,851$52,380$51,921$51,472$51,034$49,421
2 years$26,164$25,676$25,204$24,746$24,302$22,691
3 years$17,269$16,780$16,309$15,855$15,418$13,860
4 years$12,823$12,335$11,869$11,423$10,996$9,503
5 years$10,156$9,671$9,211$8,774$8,359$6,935
6 years$8,378$7,897$7,443$7,016$6,614$5,261
7 years$7,109$6,632$6,186$5,769$5,379$4,096
8 years$6,158$5,685$5,246$4,839$4,463$3,248
9 years$5,418$4,950$4,518$4,122$3,758$2,612
10 years$4,827$4,363$3,939$3,553$3,202$2,122
11 years$4,343$3,884$3,468$3,092$2,754$1,738
12 years$3,941$3,486$3,078$2,712$2,387$1,433
13 years$3,600$3,150$2,750$2,395$2,081$1,187
14 years$3,309$2,864$2,471$2,126$1,824$987
15 years$3,056$2,616$2,231$1,896$1,606$824
16 years$2,835$2,400$2,022$1,697$1,420$690
17 years$2,641$2,210$1,840$1,525$1,259$579
18 years$2,468$2,042$1,680$1,374$1,119$487
19 years$2,314$1,893$1,538$1,242$998$410
20 years$2,175$1,759$1,411$1,125$891$345
21 years$2,050$1,638$1,298$1,021$797$291
22 years$1,936$1,529$1,197$928$715$246
23 years$1,832$1,430$1,105$845$642$208
24 years$1,737$1,340$1,022$771$577$176
25 years$1,650$1,258$946$704$519$149
26 years$1,570$1,182$878$644$467$126
27 years$1,495$1,112$815$589$421$107
28 years$1,426$1,048$758$540$380$91
29 years$1,362$989$705$495$343$77
30 years$1,303$934$657$454$310$65
31 years$1,247$883$612$417$280$55
32 years$1,195$835$571$384$254$47
33 years$1,146$791$533$353$230$40
34 years$1,100$750$498$324$208$34
35 years$1,057$711$466$299$188$29
36 years$1,016$675$436$275$171$24
37 years$978$641$408$253$155$21
38 years$942$609$382$234$140$17
39 years$908$579$358$215$127$15
40 years$875$551$335$199$115$13
41 years$844$525$315$183$105$11
42 years$815$500$295$169$95$9
43 years$787$476$277$156$86$8
44 years$760$454$260$144$78$7
45 years$735$433$244$133$71$6
46 years$711$413$229$123$64$5
47 years$688$394$215$114$59$4
48 years$666$376$202$105$53$3
49 years$645$359$190$97$48$3
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 $6,828 every year, while hoping to spend $41,693 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: 63/25/12 Blend
40$640,000$640,000$640,000$640,000
41$712,323$678,403$668,483$754,787
42$740,619$667,284$646,516$772,931
43$770,404$654,222$622,416$787,307
44$801,785$639,079$596,067$801,971
45$834,881$621,708$567,349$816,950
46$869,818$601,951$536,135$832,277
47$906,738$579,645$502,293$847,989
48$945,791$554,613$465,686$864,130
49$987,144$526,672$426,170$880,747
50$1,030,980$495,626$383,593$897,898
51$1,077,496$461,267$337,799$915,646
52$1,126,909$423,378$288,624$934,065
53$1,179,457$381,727$235,896$953,238
54$1,235,399$336,069$179,436$973,259
55$1,295,020$286,146$119,057$994,234
56$1,358,630$231,687$54,565$1,016,284
57$1,426,573$172,401$0$1,039,546
58$1,499,220$107,985$0$1,065,998
59$1,576,981$38,118$0$1,101,563
60$1,660,307$0$0$1,139,468
61$1,749,691$0$0$1,190,291
62$1,845,672$0$0$1,256,157
63$1,948,845$0$0$1,326,991
64$2,059,861$0$0$1,403,246
65$2,179,437$0$0$1,485,417
66$2,308,358$0$0$1,574,050
67$2,447,487$0$0$1,669,742
68$2,597,772$0$0$1,773,152
69$2,760,258$0$0$1,885,002
70$2,936,088$0$0$2,006,087
71$3,126,523$0$0$2,137,280
72$3,332,948$0$0$2,279,542
73$3,556,884$0$0$2,433,929
74$3,800,008$0$0$2,601,603
75$4,064,160$0$0$2,783,841
76$4,351,367$0$0$2,982,048
77$4,663,858$0$0$3,197,772
78$5,004,086$0$0$3,432,713
79$5,374,749$0$0$3,688,745
80$5,778,817$0$0$3,967,928
81$6,219,560$0$0$4,272,529
82$6,700,574$0$0$4,605,046
83$7,225,821$0$0$4,968,226
84$7,799,658$0$0$5,365,095
85$8,426,887$0$0$5,798,983
86$9,112,790$0$0$6,273,557
87$9,863,186$0$0$6,792,855
88$10,684,480$0$0$7,361,321
89$11,583,727$0$0$7,983,853
90$12,568,693$0$0$8,665,841
91$13,647,935$0$0$9,413,222
92$14,830,871$0$0$10,232,534
93$16,127,879$0$0$11,130,981
94$17,550,386$0$0$12,116,493
95$19,110,979$0$0$13,197,807
96$20,823,522$0$0$14,384,546
97$22,703,285$0$0$15,687,310
98$24,767,091$0$0$17,117,776
99$27,033,469$0$0$18,688,805
100$29,522,832$0$0$20,414,568