Can I retire at age 41 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$54,502$54,017$53,543$53,081$52,629$51,694
2 years$26,981$26,479$25,992$25,520$25,062$24,122
3 years$17,809$17,304$16,818$16,351$15,900$14,986
4 years$13,224$12,720$12,239$11,780$11,340$10,459
5 years$10,473$9,973$9,498$9,048$8,621$7,774
6 years$8,640$8,144$7,676$7,236$6,821$6,011
7 years$7,331$6,839$6,379$5,949$5,547$4,773
8 years$6,350$5,862$5,410$4,990$4,602$3,864
9 years$5,587$5,104$4,659$4,251$3,876$3,173
10 years$4,977$4,499$4,062$3,664$3,302$2,634
11 years$4,479$4,005$3,576$3,189$2,840$2,206
12 years$4,064$3,595$3,174$2,797$2,461$1,861
13 years$3,713$3,249$2,836$2,469$2,146$1,578
14 years$3,412$2,953$2,548$2,192$1,881$1,345
15 years$3,152$2,698$2,300$1,955$1,656$1,151
16 years$2,924$2,475$2,086$1,750$1,464$987
17 years$2,723$2,279$1,898$1,573$1,298$850
18 years$2,545$2,106$1,732$1,417$1,154$733
19 years$2,386$1,952$1,586$1,281$1,029$633
20 years$2,243$1,814$1,456$1,160$919$548
21 years$2,114$1,690$1,339$1,053$822$475
22 years$1,996$1,577$1,234$957$737$412
23 years$1,889$1,475$1,139$872$662$358
24 years$1,792$1,382$1,054$795$595$312
25 years$1,702$1,297$976$726$535$271
26 years$1,619$1,219$905$664$482$236
27 years$1,542$1,147$840$608$435$206
28 years$1,471$1,081$781$557$392$179
29 years$1,405$1,020$727$511$354$157
30 years$1,343$963$677$469$320$137
31 years$1,286$910$631$430$289$119
32 years$1,232$861$589$395$262$104
33 years$1,182$816$550$364$237$91
34 years$1,135$773$514$335$214$79
35 years$1,090$733$480$308$194$69
36 years$1,048$696$449$284$176$61
37 years$1,009$661$421$261$159$53
38 years$971$628$394$241$145$46
39 years$936$597$369$222$131$40
40 years$902$568$346$205$119$35
41 years$871$541$324$189$108$31
42 years$840$515$304$174$98$27
43 years$812$491$286$161$89$24
44 years$784$468$268$149$81$21
45 years$758$446$252$137$73$18
46 years$733$426$236$127$66$16
47 years$710$406$222$117$60$14
48 years$687$388$209$108$55$12
49 years$665$370$196$100$50$11
50 years$644$354$184$93$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $660,000, adding $3,454 every year, while hoping to spend $41,415 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: 63/28/9 Blend
40$660,000$660,000$660,000$660,000
41$730,883$695,903$685,673$775,313
42$761,368$685,937$664,578$795,445
43$793,574$674,094$641,388$812,282
44$827,633$660,240$615,989$829,612
45$863,690$644,230$588,263$847,483
46$901,901$625,912$558,084$865,947
47$942,438$605,125$525,323$885,065
48$985,489$581,698$489,844$904,904
49$1,031,259$555,452$451,504$925,541
50$1,079,974$526,195$410,155$947,061
51$1,131,878$493,725$365,642$969,563
52$1,187,241$457,829$317,803$993,155
53$1,246,359$418,282$266,469$1,017,961
54$1,309,554$374,845$211,462$1,044,118
55$1,377,182$327,265$152,599$1,071,782
56$1,449,630$275,277$89,687$1,101,126
57$1,527,325$218,598$22,524$1,132,345
58$1,610,734$156,932$0$1,165,658
59$1,700,372$89,964$0$1,206,027
60$1,796,801$17,363$0$1,251,621
61$1,900,639$0$0$1,300,601
62$2,012,568$0$0$1,372,194
63$2,133,331$0$0$1,455,246
64$2,263,751$0$0$1,544,977
65$2,404,727$0$0$1,642,011
66$2,557,249$0$0$1,747,036
67$2,722,407$0$0$1,860,805
68$2,901,398$0$0$1,984,149
69$3,095,536$0$0$2,117,981
70$3,306,270$0$0$2,263,305
71$3,535,191$0$0$2,421,224
72$3,784,049$0$0$2,592,953
73$4,054,772$0$0$2,779,829
74$4,349,478$0$0$2,983,322
75$4,670,499$0$0$3,205,049
76$5,020,402$0$0$3,446,792
77$5,402,010$0$0$3,710,509
78$5,818,433$0$0$3,998,358
79$6,273,091$0$0$4,312,713
80$6,769,752$0$0$4,656,187
81$7,312,561$0$0$5,031,659
82$7,906,084$0$0$5,442,296
83$8,555,348$0$0$5,891,586
84$9,265,885$0$0$6,383,371
85$10,043,791$0$0$6,921,878
86$10,895,777$0$0$7,511,767
87$11,829,231$0$0$8,158,166
88$12,852,294$0$0$8,866,724
89$13,973,928$0$0$9,643,663
90$15,204,006$0$0$10,495,834
91$16,553,401$0$0$11,430,784
92$18,034,090$0$0$12,456,827
93$19,659,265$0$0$13,583,120
94$21,443,457$0$0$14,819,750
95$23,402,674$0$0$16,177,826
96$25,554,548$0$0$17,669,591
97$27,918,504$0$0$19,308,526
98$30,515,942$0$0$21,109,487
99$33,370,436$0$0$23,088,837
100$36,507,957$0$0$25,264,607