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%14.2%
1 years$54,502$54,017$53,543$53,081$52,629$51,715
2 years$26,981$26,479$25,992$25,520$25,062$24,143
3 years$17,809$17,304$16,818$16,351$15,900$15,007
4 years$13,224$12,720$12,239$11,780$11,340$10,478
5 years$10,473$9,973$9,498$9,048$8,621$7,793
6 years$8,640$8,144$7,676$7,236$6,821$6,028
7 years$7,331$6,839$6,379$5,949$5,547$4,790
8 years$6,350$5,862$5,410$4,990$4,602$3,880
9 years$5,587$5,104$4,659$4,251$3,876$3,188
10 years$4,977$4,499$4,062$3,664$3,302$2,648
11 years$4,479$4,005$3,576$3,189$2,840$2,220
12 years$4,064$3,595$3,174$2,797$2,461$1,873
13 years$3,713$3,249$2,836$2,469$2,146$1,590
14 years$3,412$2,953$2,548$2,192$1,881$1,356
15 years$3,152$2,698$2,300$1,955$1,656$1,160
16 years$2,924$2,475$2,086$1,750$1,464$997
17 years$2,723$2,279$1,898$1,573$1,298$858
18 years$2,545$2,106$1,732$1,417$1,154$741
19 years$2,386$1,952$1,586$1,281$1,029$641
20 years$2,243$1,814$1,456$1,160$919$555
21 years$2,114$1,690$1,339$1,053$822$481
22 years$1,996$1,577$1,234$957$737$418
23 years$1,889$1,475$1,139$872$662$364
24 years$1,792$1,382$1,054$795$595$316
25 years$1,702$1,297$976$726$535$276
26 years$1,619$1,219$905$664$482$240
27 years$1,542$1,147$840$608$435$209
28 years$1,471$1,081$781$557$392$183
29 years$1,405$1,020$727$511$354$160
30 years$1,343$963$677$469$320$139
31 years$1,286$910$631$430$289$122
32 years$1,232$861$589$395$262$106
33 years$1,182$816$550$364$237$93
34 years$1,135$773$514$335$214$81
35 years$1,090$733$480$308$194$71
36 years$1,048$696$449$284$176$62
37 years$1,009$661$421$261$159$54
38 years$971$628$394$241$145$48
39 years$936$597$369$222$131$42
40 years$902$568$346$205$119$36
41 years$871$541$324$189$108$32
42 years$840$515$304$174$98$28
43 years$812$491$286$161$89$24
44 years$784$468$268$149$81$21
45 years$758$446$252$137$73$19
46 years$733$426$236$127$66$16
47 years$710$406$222$117$60$14
48 years$687$388$209$108$55$13
49 years$665$370$196$100$50$11
50 years$644$354$184$93$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $660,000, adding $4,304 every year, while hoping to spend $32,936 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: 43/27/30 Blend
40$660,000$660,000$660,000$660,000
41$731,760$696,780$686,550$756,667
42$771,355$695,878$674,505$774,091
43$813,886$693,829$660,954$789,537
44$859,616$690,540$645,810$805,656
45$908,837$685,916$628,983$822,532
46$961,866$679,854$610,382$840,257
47$1,019,054$672,244$589,908$858,937
48$1,080,787$662,974$567,459$878,690
49$1,147,486$651,919$542,928$899,649
50$1,219,618$638,951$516,205$921,963
51$1,297,692$623,932$487,171$945,798
52$1,382,271$606,719$455,705$971,343
53$1,473,971$587,157$421,679$998,807
54$1,573,472$565,083$384,962$1,028,425
55$1,681,520$540,327$345,412$1,060,458
56$1,798,938$512,705$302,886$1,095,200
57$1,926,628$482,026$257,231$1,132,977
58$2,065,584$448,086$208,288$1,174,153
59$2,216,901$410,669$155,894$1,219,136
60$2,381,782$369,549$99,873$1,268,376
61$2,561,552$324,485$40,047$1,322,379
62$2,757,668$275,223$0$1,381,704
63$2,971,736$221,495$0$1,454,594
64$3,205,521$163,016$0$1,548,298
65$3,460,969$99,488$0$1,650,821
66$3,740,219$30,594$0$1,763,086
67$4,045,629$0$0$1,886,116
68$4,379,794$0$0$2,034,113
69$4,745,572$0$0$2,206,139
70$5,146,108$0$0$2,394,596
71$5,584,869$0$0$2,601,123
72$6,065,669$0$0$2,827,527
73$6,592,713$0$0$3,075,800
74$7,170,627$0$0$3,348,131
75$7,804,511$0$0$3,646,937
76$8,499,980$0$0$3,974,875
77$9,263,217$0$0$4,334,875
78$10,101,036$0$0$4,730,165
79$11,020,941$0$0$5,164,297
80$12,031,199$0$0$5,641,188
81$13,140,916$0$0$6,165,151
82$14,360,124$0$0$6,740,939
83$15,699,875$0$0$7,373,785
84$17,172,343$0$0$8,069,457
85$18,790,942$0$0$8,834,310
86$20,570,449$0$0$9,675,343
87$22,527,145$0$0$10,600,270
88$24,678,968$0$0$11,617,587
89$27,045,678$0$0$12,736,658
90$29,649,052$0$0$13,967,797
91$32,513,077$0$0$15,322,371
92$35,664,188$0$0$16,812,902
93$39,131,507$0$0$18,453,187
94$42,947,125$0$0$20,258,431
95$47,146,398$0$0$22,245,385
96$51,768,285$0$0$24,432,507
97$56,855,712$0$0$26,840,136
98$62,455,980$0$0$29,490,681
99$68,621,205$0$0$32,408,836
100$75,408,818$0$0$35,621,812