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%13.8%
1 years$53,676$53,198$52,732$52,276$51,832$51,015
2 years$26,572$26,078$25,598$25,133$24,682$23,861
3 years$17,539$17,042$16,564$16,103$15,659$14,860
4 years$13,023$12,528$12,054$11,601$11,168$10,397
5 years$10,314$9,822$9,354$8,911$8,490$7,748
6 years$8,509$8,020$7,560$7,126$6,718$6,007
7 years$7,220$6,735$6,282$5,859$5,463$4,784
8 years$6,254$5,773$5,328$4,915$4,532$3,884
9 years$5,503$5,027$4,589$4,186$3,817$3,199
10 years$4,902$4,431$4,001$3,609$3,252$2,664
11 years$4,411$3,945$3,522$3,141$2,797$2,238
12 years$4,002$3,540$3,126$2,755$2,424$1,894
13 years$3,656$3,200$2,793$2,432$2,114$1,612
14 years$3,360$2,908$2,509$2,159$1,853$1,378
15 years$3,104$2,657$2,266$1,925$1,631$1,183
16 years$2,880$2,438$2,054$1,724$1,442$1,019
17 years$2,682$2,245$1,869$1,549$1,278$880
18 years$2,507$2,074$1,706$1,396$1,137$761
19 years$2,350$1,923$1,562$1,261$1,013$660
20 years$2,209$1,786$1,433$1,142$905$574
21 years$2,082$1,664$1,319$1,037$810$499
22 years$1,966$1,553$1,215$943$726$435
23 years$1,861$1,453$1,122$858$652$379
24 years$1,764$1,361$1,038$783$586$331
25 years$1,676$1,277$961$715$527$289
26 years$1,594$1,201$891$654$475$253
27 years$1,519$1,130$828$598$428$221
28 years$1,449$1,065$769$548$386$194
29 years$1,384$1,004$716$503$349$170
30 years$1,323$949$667$461$315$149
31 years$1,267$897$622$424$285$130
32 years$1,214$848$580$390$258$114
33 years$1,164$803$542$358$233$100
34 years$1,117$762$506$330$211$88
35 years$1,074$722$473$303$191$77
36 years$1,032$686$443$279$173$68
37 years$993$651$414$257$157$59
38 years$957$619$388$237$142$52
39 years$922$588$364$219$129$46
40 years$889$560$341$202$117$40
41 years$857$533$319$186$106$35
42 years$828$508$300$172$96$31
43 years$799$484$281$159$87$27
44 years$772$461$264$146$79$24
45 years$747$440$248$135$72$21
46 years$722$419$233$125$65$18
47 years$699$400$219$115$59$16
48 years$676$382$206$107$54$14
49 years$655$365$193$99$49$13
50 years$635$348$182$91$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $650,000, adding $4,095 every year, while hoping to spend $54,136 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: 73/18/9 Blend
40$650,000$650,000$650,000$650,000
41$720,524$686,074$675,999$771,691
42$736,417$662,091$641,045$782,032
43$752,117$635,119$603,105$786,196
44$767,547$604,954$562,023$789,253
45$782,620$571,380$517,634$791,077
46$797,239$534,169$469,766$791,531
47$811,295$493,081$418,241$790,465
48$824,666$447,861$362,872$787,716
49$837,216$398,240$303,461$783,105
50$848,791$343,933$239,807$776,436
51$859,222$284,640$171,694$767,496
52$868,317$220,042$98,901$756,052
53$875,867$149,806$21,195$741,849
54$881,634$73,575$0$724,608
55$885,358$0$0$709,952
56$886,745$0$0$695,964
57$885,473$0$0$694,393
58$881,183$0$0$690,376
59$873,474$0$0$683,592
60$861,905$0$0$673,685
61$845,986$0$0$660,258
62$825,171$0$0$642,874
63$798,860$0$0$621,048
64$766,385$0$0$594,243
65$727,008$0$0$561,863
66$679,911$0$0$523,252
67$624,192$0$0$477,681
68$558,849$0$0$424,345
69$482,777$0$0$362,354
70$394,754$0$0$290,723
71$293,429$0$0$208,366
72$177,309$0$0$114,080
73$44,744$0$0$6,537
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0