Can I retire at age 41 with 650,000?

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 $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%14.4%
1 years$53,676$53,198$52,732$52,276$51,832$50,890
2 years$26,572$26,078$25,598$25,133$24,682$23,736
3 years$17,539$17,042$16,564$16,103$15,659$14,739
4 years$13,023$12,528$12,054$11,601$11,168$10,281
5 years$10,314$9,822$9,354$8,911$8,490$7,638
6 years$8,509$8,020$7,560$7,126$6,718$5,902
7 years$7,220$6,735$6,282$5,859$5,463$4,684
8 years$6,254$5,773$5,328$4,915$4,532$3,790
9 years$5,503$5,027$4,589$4,186$3,817$3,110
10 years$4,902$4,431$4,001$3,609$3,252$2,581
11 years$4,411$3,945$3,522$3,141$2,797$2,160
12 years$4,002$3,540$3,126$2,755$2,424$1,821
13 years$3,656$3,200$2,793$2,432$2,114$1,543
14 years$3,360$2,908$2,509$2,159$1,853$1,314
15 years$3,104$2,657$2,266$1,925$1,631$1,123
16 years$2,880$2,438$2,054$1,724$1,442$963
17 years$2,682$2,245$1,869$1,549$1,278$828
18 years$2,507$2,074$1,706$1,396$1,137$714
19 years$2,350$1,923$1,562$1,261$1,013$617
20 years$2,209$1,786$1,433$1,142$905$533
21 years$2,082$1,664$1,319$1,037$810$462
22 years$1,966$1,553$1,215$943$726$401
23 years$1,861$1,453$1,122$858$652$348
24 years$1,764$1,361$1,038$783$586$302
25 years$1,676$1,277$961$715$527$263
26 years$1,594$1,201$891$654$475$229
27 years$1,519$1,130$828$598$428$199
28 years$1,449$1,065$769$548$386$173
29 years$1,384$1,004$716$503$349$151
30 years$1,323$949$667$461$315$132
31 years$1,267$897$622$424$285$115
32 years$1,214$848$580$390$258$100
33 years$1,164$803$542$358$233$88
34 years$1,117$762$506$330$211$76
35 years$1,074$722$473$303$191$67
36 years$1,032$686$443$279$173$58
37 years$993$651$414$257$157$51
38 years$957$619$388$237$142$44
39 years$922$588$364$219$129$39
40 years$889$560$341$202$117$34
41 years$857$533$319$186$106$30
42 years$828$508$300$172$96$26
43 years$799$484$281$159$87$23
44 years$772$461$264$146$79$20
45 years$747$440$248$135$72$17
46 years$722$419$233$125$65$15
47 years$699$400$219$115$59$13
48 years$676$382$206$107$54$12
49 years$655$365$193$99$49$10
50 years$635$348$182$91$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $650,000, adding $6,823 every year, while hoping to spend $38,391 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: 69/9/22 Blend
40$650,000$650,000$650,000$650,000
41$723,338$688,888$678,813$768,813
42$756,271$681,796$660,705$793,002
43$791,276$673,069$640,705$814,354
44$828,524$662,588$618,707$836,794
45$868,203$650,224$594,603$860,430
46$910,517$635,842$568,279$885,378
47$955,690$619,299$539,617$911,767
48$1,003,968$600,443$508,492$939,744
49$1,055,621$579,112$474,774$969,467
50$1,110,944$555,138$438,329$1,001,114
51$1,170,261$528,340$399,013$1,034,884
52$1,233,927$498,528$356,679$1,070,994
53$1,302,332$465,501$311,173$1,109,687
54$1,375,905$429,046$262,332$1,151,232
55$1,455,115$388,937$209,988$1,195,928
56$1,540,479$344,937$153,965$1,244,103
57$1,632,564$296,795$94,079$1,296,125
58$1,731,993$244,245$30,138$1,352,397
59$1,839,450$187,007$0$1,413,369
60$1,955,688$124,784$0$1,488,481
61$2,081,533$57,264$0$1,577,470
62$2,217,896$0$0$1,673,914
63$2,365,774$0$0$1,780,114
64$2,526,268$0$0$1,901,559
65$2,700,587$0$0$2,033,498
66$2,890,061$0$0$2,176,940
67$3,096,152$0$0$2,332,999
68$3,320,471$0$0$2,502,897
69$3,564,788$0$0$2,687,980
70$3,831,053$0$0$2,889,731
71$4,121,411$0$0$3,109,778
72$4,438,222$0$0$3,349,917
73$4,784,085$0$0$3,612,123
74$5,161,862$0$0$3,898,570
75$5,574,700$0$0$4,211,652
76$6,026,067$0$0$4,554,005
77$6,519,780$0$0$4,928,529
78$7,060,041$0$0$5,338,420
79$7,651,480$0$0$5,787,197
80$8,299,192$0$0$6,278,733
81$9,008,789$0$0$6,817,294
82$9,786,453$0$0$7,407,580
83$10,638,989$0$0$8,054,766
84$11,573,894$0$0$8,764,550
85$12,599,427$0$0$9,543,210
86$13,724,681$0$0$10,397,661
87$14,959,675$0$0$11,335,518
88$16,315,442$0$0$12,365,172
89$17,804,140$0$0$13,495,864
90$19,439,157$0$0$14,737,774
91$21,235,244$0$0$16,102,116
92$23,208,651$0$0$17,601,246
93$25,377,279$0$0$19,248,773
94$27,760,849$0$0$21,059,693
95$30,381,088$0$0$23,050,524
96$33,261,934$0$0$25,239,466
97$36,429,759$0$0$27,646,571
98$39,913,617$0$0$30,293,930
99$43,745,522$0$0$33,205,883
100$47,960,743$0$0$36,409,247