Can I retire at age 41 with 650,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$53,676$53,198$52,732$52,276$51,832$51,227
2 years$26,572$26,078$25,598$25,133$24,682$24,073
3 years$17,539$17,042$16,564$16,103$15,659$15,065
4 years$13,023$12,528$12,054$11,601$11,168$10,594
5 years$10,314$9,822$9,354$8,911$8,490$7,936
6 years$8,509$8,020$7,560$7,126$6,718$6,186
7 years$7,220$6,735$6,282$5,859$5,463$4,954
8 years$6,254$5,773$5,328$4,915$4,532$4,045
9 years$5,503$5,027$4,589$4,186$3,817$3,351
10 years$4,902$4,431$4,001$3,609$3,252$2,808
11 years$4,411$3,945$3,522$3,141$2,797$2,374
12 years$4,002$3,540$3,126$2,755$2,424$2,022
13 years$3,656$3,200$2,793$2,432$2,114$1,732
14 years$3,360$2,908$2,509$2,159$1,853$1,491
15 years$3,104$2,657$2,266$1,925$1,631$1,288
16 years$2,880$2,438$2,054$1,724$1,442$1,117
17 years$2,682$2,245$1,869$1,549$1,278$972
18 years$2,507$2,074$1,706$1,396$1,137$847
19 years$2,350$1,923$1,562$1,261$1,013$740
20 years$2,209$1,786$1,433$1,142$905$648
21 years$2,082$1,664$1,319$1,037$810$568
22 years$1,966$1,553$1,215$943$726$499
23 years$1,861$1,453$1,122$858$652$438
24 years$1,764$1,361$1,038$783$586$386
25 years$1,676$1,277$961$715$527$340
26 years$1,594$1,201$891$654$475$299
27 years$1,519$1,130$828$598$428$264
28 years$1,449$1,065$769$548$386$233
29 years$1,384$1,004$716$503$349$206
30 years$1,323$949$667$461$315$182
31 years$1,267$897$622$424$285$161
32 years$1,214$848$580$390$258$142
33 years$1,164$803$542$358$233$126
34 years$1,117$762$506$330$211$111
35 years$1,074$722$473$303$191$98
36 years$1,032$686$443$279$173$87
37 years$993$651$414$257$157$77
38 years$957$619$388$237$142$68
39 years$922$588$364$219$129$60
40 years$889$560$341$202$117$53
41 years$857$533$319$186$106$47
42 years$828$508$300$172$96$42
43 years$799$484$281$159$87$37
44 years$772$461$264$146$79$33
45 years$747$440$248$135$72$29
46 years$722$419$233$125$65$26
47 years$699$400$219$115$59$23
48 years$676$382$206$107$54$20
49 years$655$365$193$99$49$18
50 years$635$348$182$91$45$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $650,000, adding $5,765 every year, while hoping to spend $25,926 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: 43/40/17 Blend
40$650,000$650,000$650,000$650,000
41$722,247$687,797$677,722$749,504
42$768,331$693,914$672,840$775,370
43$818,246$699,461$666,926$800,372
44$872,357$704,385$659,918$826,909
45$931,063$708,625$651,751$855,135
46$994,803$712,119$642,356$885,221
47$1,064,061$714,800$631,662$917,354
48$1,139,368$716,599$619,596$951,743
49$1,221,310$717,439$606,079$988,622
50$1,310,530$717,240$591,030$1,028,248
51$1,407,738$715,918$574,362$1,070,904
52$1,513,711$713,383$555,988$1,116,908
53$1,629,310$709,538$535,813$1,166,610
54$1,755,477$704,283$513,741$1,220,397
55$1,893,252$697,509$489,668$1,278,698
56$2,043,780$689,104$463,488$1,341,991
57$2,208,321$678,945$435,090$1,410,801
58$2,388,261$666,904$404,356$1,485,711
59$2,585,127$652,847$371,166$1,567,367
60$2,800,602$636,628$335,392$1,656,483
61$3,036,537$618,096$296,901$1,753,849
62$3,294,970$597,090$255,555$1,860,340
63$3,578,149$573,438$211,207$1,976,923
64$3,888,544$546,961$163,707$2,104,667
65$4,228,881$517,468$112,896$2,244,756
66$4,602,159$484,756$58,611$2,398,496
67$5,011,683$448,612$677$2,567,335
68$5,461,091$408,810$0$2,752,870
69$5,954,392$365,112$0$2,967,959
70$6,496,003$317,265$0$3,204,317
71$7,090,787$265,003$0$3,464,011
72$7,744,103$208,044$0$3,749,464
73$8,461,854$146,091$0$4,063,347
74$9,250,543$78,830$0$4,408,611
75$10,117,335$5,928$0$4,788,509
76$11,070,120$0$0$5,206,636
77$12,117,596$0$0$5,699,071
78$13,269,342$0$0$6,243,483
79$14,535,911$0$0$6,842,264
80$15,928,934$0$0$7,500,921
81$17,461,221$0$0$8,225,525
82$19,146,888$0$0$9,022,763
83$21,001,490$0$0$9,900,004
84$23,042,161$0$0$10,865,366
85$25,287,785$0$0$11,927,795
86$27,759,165$0$0$13,097,148
87$30,479,224$0$0$14,384,286
88$33,473,221$0$0$15,801,176
89$36,768,987$0$0$17,361,003
90$40,397,188$0$0$19,078,299
91$44,391,616$0$0$20,969,072
92$48,789,503$0$0$23,050,965
93$53,631,878$0$0$25,343,418
94$58,963,949$0$0$27,867,850
95$64,835,533$0$0$30,647,865
96$71,301,522$0$0$33,709,473
97$78,422,403$0$0$37,081,333
98$86,264,831$0$0$40,795,029
99$94,902,252$0$0$44,885,361
100$104,415,599$0$0$49,390,678