Can I retire at age 41 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$55,328$54,835$54,354$53,885$53,427$52,051
2 years$27,390$26,880$26,386$25,906$25,441$24,064
3 years$18,079$17,566$17,073$16,598$16,141$14,806
4 years$13,424$12,913$12,425$11,958$11,512$10,229
5 years$10,632$10,124$9,642$9,185$8,751$7,524
6 years$8,771$8,267$7,792$7,345$6,924$5,754
7 years$7,442$6,943$6,476$6,039$5,631$4,518
8 years$6,446$5,951$5,492$5,066$4,672$3,615
9 years$5,672$5,182$4,730$4,315$3,934$2,933
10 years$5,053$4,567$4,124$3,720$3,352$2,406
11 years$4,547$4,066$3,630$3,237$2,883$1,989
12 years$4,125$3,649$3,222$2,839$2,498$1,656
13 years$3,769$3,298$2,879$2,507$2,179$1,386
14 years$3,464$2,998$2,586$2,225$1,910$1,165
15 years$3,199$2,739$2,335$1,985$1,682$983
16 years$2,968$2,513$2,117$1,777$1,486$832
17 years$2,765$2,314$1,927$1,597$1,318$705
18 years$2,584$2,138$1,759$1,439$1,172$600
19 years$2,422$1,982$1,610$1,300$1,044$510
20 years$2,277$1,841$1,478$1,178$933$435
21 years$2,146$1,715$1,359$1,069$835$372
22 years$2,027$1,601$1,253$972$748$318
23 years$1,918$1,497$1,157$885$672$272
24 years$1,819$1,403$1,070$807$604$233
25 years$1,727$1,317$991$737$543$199
26 years$1,643$1,237$919$674$489$171
27 years$1,565$1,165$853$617$441$146
28 years$1,493$1,097$793$565$398$126
29 years$1,426$1,035$738$518$359$108
30 years$1,364$978$688$476$325$92
31 years$1,306$924$641$437$294$79
32 years$1,251$875$598$401$266$68
33 years$1,200$828$558$369$240$59
34 years$1,152$785$522$340$218$50
35 years$1,107$745$488$313$197$43
36 years$1,064$707$456$288$179$37
37 years$1,024$671$427$265$162$32
38 years$986$638$400$245$147$27
39 years$950$607$375$226$133$24
40 years$916$577$351$208$121$20
41 years$884$549$329$192$110$17
42 years$853$523$309$177$99$15
43 years$824$498$290$163$90$13
44 years$796$475$272$151$82$11
45 years$770$453$255$139$74$10
46 years$744$432$240$129$67$8
47 years$720$412$225$119$61$7
48 years$697$394$212$110$56$6
49 years$675$376$199$102$51$5
50 years$654$359$187$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $670,000, adding $4,103 every year, while hoping to spend $31,484 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: 77/10/13 Blend
40$670,000$670,000$670,000$670,000
41$742,572$707,062$696,677$797,504
42$784,816$708,210$686,517$835,417
43$830,313$708,358$674,962$872,579
44$879,363$707,425$661,930$912,446
45$932,293$705,324$647,340$955,277
46$989,463$701,961$631,103$1,001,356
47$1,051,271$697,240$613,127$1,050,997
48$1,118,150$691,054$593,316$1,104,544
49$1,190,580$683,295$571,572$1,162,380
50$1,269,088$673,844$547,787$1,224,925
51$1,354,250$662,578$521,853$1,292,641
52$1,446,704$649,365$493,656$1,366,040
53$1,547,150$634,066$463,075$1,445,685
54$1,656,356$616,532$429,986$1,532,197
55$1,775,171$596,609$394,257$1,626,260
56$1,904,526$574,130$355,752$1,728,630
57$2,045,446$548,921$314,328$1,840,139
58$2,199,059$520,796$269,836$1,961,706
59$2,366,608$489,560$222,120$2,094,342
60$2,549,459$455,005$171,018$2,239,165
61$2,749,117$416,913$116,360$2,397,405
62$2,967,238$375,053$57,969$2,570,420
63$3,205,645$329,179$0$2,759,706
64$3,466,345$279,034$0$2,967,517
65$3,751,549$224,343$0$3,203,690
66$4,063,691$164,820$0$3,462,211
67$4,405,450$100,158$0$3,745,320
68$4,779,777$30,037$0$4,055,489
69$5,189,922$0$0$4,395,440
70$5,639,464$0$0$4,773,220
71$6,132,344$0$0$5,191,068
72$6,672,905$0$0$5,649,362
73$7,265,927$0$0$6,152,160
74$7,916,677$0$0$6,703,929
75$8,630,958$0$0$7,309,594
76$9,415,158$0$0$7,974,574
77$10,276,318$0$0$8,704,844
78$11,222,192$0$0$9,506,983
79$12,261,322$0$0$10,388,238
80$13,403,119$0$0$11,356,595
81$14,657,950$0$0$12,420,850
82$16,037,237$0$0$13,590,695
83$17,553,563$0$0$14,876,805
84$19,220,791$0$0$16,290,945
85$21,054,195$0$0$17,846,073
86$23,070,601$0$0$19,556,468
87$25,288,550$0$0$21,437,861
88$27,728,469$0$0$23,507,585
89$30,412,866$0$0$25,784,737
90$33,366,538$0$0$28,290,360
91$36,616,809$0$0$31,047,636
92$40,193,785$0$0$34,082,113
93$44,130,636$0$0$37,421,935
94$48,463,915$0$0$41,098,118
95$53,233,895$0$0$45,144,835
96$58,484,952$0$0$49,599,741
97$64,265,986$0$0$54,504,325
98$70,630,875$0$0$59,904,308
99$77,638,990$0$0$65,850,067
100$85,355,751$0$0$72,397,111