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%17.5%
1 years$53,676$53,198$52,732$52,276$51,832$50,253
2 years$26,572$26,078$25,598$25,133$24,682$23,105
3 years$17,539$17,042$16,564$16,103$15,659$14,133
4 years$13,023$12,528$12,054$11,601$11,168$9,705
5 years$10,314$9,822$9,354$8,911$8,490$7,094
6 years$8,509$8,020$7,560$7,126$6,718$5,390
7 years$7,220$6,735$6,282$5,859$5,463$4,203
8 years$6,254$5,773$5,328$4,915$4,532$3,340
9 years$5,503$5,027$4,589$4,186$3,817$2,690
10 years$4,902$4,431$4,001$3,609$3,252$2,190
11 years$4,411$3,945$3,522$3,141$2,797$1,797
12 years$4,002$3,540$3,126$2,755$2,424$1,484
13 years$3,656$3,200$2,793$2,432$2,114$1,232
14 years$3,360$2,908$2,509$2,159$1,853$1,027
15 years$3,104$2,657$2,266$1,925$1,631$859
16 years$2,880$2,438$2,054$1,724$1,442$721
17 years$2,682$2,245$1,869$1,549$1,278$606
18 years$2,507$2,074$1,706$1,396$1,137$511
19 years$2,350$1,923$1,562$1,261$1,013$431
20 years$2,209$1,786$1,433$1,142$905$364
21 years$2,082$1,664$1,319$1,037$810$308
22 years$1,966$1,553$1,215$943$726$261
23 years$1,861$1,453$1,122$858$652$221
24 years$1,764$1,361$1,038$783$586$187
25 years$1,676$1,277$961$715$527$159
26 years$1,594$1,201$891$654$475$135
27 years$1,519$1,130$828$598$428$114
28 years$1,449$1,065$769$548$386$97
29 years$1,384$1,004$716$503$349$83
30 years$1,323$949$667$461$315$70
31 years$1,267$897$622$424$285$60
32 years$1,214$848$580$390$258$51
33 years$1,164$803$542$358$233$43
34 years$1,117$762$506$330$211$37
35 years$1,074$722$473$303$191$31
36 years$1,032$686$443$279$173$27
37 years$993$651$414$257$157$23
38 years$957$619$388$237$142$19
39 years$922$588$364$219$129$16
40 years$889$560$341$202$117$14
41 years$857$533$319$186$106$12
42 years$828$508$300$172$96$10
43 years$799$484$281$159$87$9
44 years$772$461$264$146$79$7
45 years$747$440$248$135$72$6
46 years$722$419$233$125$65$5
47 years$699$400$219$115$59$4
48 years$676$382$206$107$54$4
49 years$655$365$193$99$49$3
50 years$635$348$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $650,000, adding $4,621 every year, while hoping to spend $44,184 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: 34/42/24 Blend
40$650,000$650,000$650,000$650,000
41$721,067$686,617$676,542$740,186
42$747,604$673,249$652,194$741,479
43$775,367$657,746$625,550$738,536
44$804,435$639,956$596,487$734,476
45$834,892$619,718$564,874$729,230
46$866,830$596,864$530,576$722,723
47$900,350$571,213$493,453$714,879
48$935,559$542,576$453,358$705,619
49$972,576$510,752$410,135$694,859
50$1,011,528$475,529$363,624$682,515
51$1,052,556$436,682$313,658$668,499
52$1,095,812$393,974$260,060$652,719
53$1,141,460$347,154$202,647$635,081
54$1,189,681$295,957$141,228$615,490
55$1,240,672$240,102$75,603$593,845
56$1,294,647$179,294$5,563$570,046
57$1,351,843$113,221$0$543,988
58$1,412,514$41,552$0$533,283
59$1,476,942$0$0$522,779
60$1,545,432$0$0$527,667
61$1,618,320$0$0$553,359
62$1,695,973$0$0$580,785
63$1,778,793$0$0$610,094
64$1,867,221$0$0$641,450
65$1,961,738$0$0$675,031
66$2,062,874$0$0$711,035
67$2,171,209$0$0$749,677
68$2,287,378$0$0$791,192
69$2,412,080$0$0$835,842
70$2,546,080$0$0$883,909
71$2,690,219$0$0$935,709
72$2,845,420$0$0$991,583
73$3,012,697$0$0$1,051,911
74$3,193,163$0$0$1,117,106
75$3,388,042$0$0$1,187,625
76$3,598,677$0$0$1,263,968
77$3,826,546$0$0$1,346,688
78$4,073,273$0$0$1,436,390
79$4,340,644$0$0$1,533,740
80$4,630,621$0$0$1,639,472
81$4,945,363$0$0$1,754,390
82$5,287,245$0$0$1,879,383
83$5,658,879$0$0$2,015,425
84$6,063,139$0$0$2,163,590
85$6,503,185$0$0$2,325,060
86$6,982,496$0$0$2,501,134
87$7,504,901$0$0$2,693,244
88$8,074,612$0$0$2,902,965
89$8,696,266$0$0$3,132,030
90$9,374,967$0$0$3,382,347
91$10,116,334$0$0$3,656,019
92$10,926,551$0$0$3,955,359
93$11,812,429$0$0$4,282,914
94$12,781,464$0$0$4,641,488
95$13,841,912$0$0$5,034,172
96$15,002,863$0$0$5,464,365
97$16,274,327$0$0$5,935,815
98$17,667,328$0$0$6,452,646
99$19,194,004$0$0$7,019,402
100$20,867,727$0$0$7,641,088