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%19.9%
1 years$55,328$54,835$54,354$53,885$53,427$51,307
2 years$27,390$26,880$26,386$25,906$25,441$23,332
3 years$18,079$17,566$17,073$16,598$16,141$14,108
4 years$13,424$12,913$12,425$11,958$11,512$9,572
5 years$10,632$10,124$9,642$9,185$8,751$6,908
6 years$8,771$8,267$7,792$7,345$6,924$5,180
7 years$7,442$6,943$6,476$6,039$5,631$3,985
8 years$6,446$5,951$5,492$5,066$4,672$3,121
9 years$5,672$5,182$4,730$4,315$3,934$2,477
10 years$5,053$4,567$4,124$3,720$3,352$1,986
11 years$4,547$4,066$3,630$3,237$2,883$1,605
12 years$4,125$3,649$3,222$2,839$2,498$1,304
13 years$3,769$3,298$2,879$2,507$2,179$1,065
14 years$3,464$2,998$2,586$2,225$1,910$873
15 years$3,199$2,739$2,335$1,985$1,682$718
16 years$2,968$2,513$2,117$1,777$1,486$592
17 years$2,765$2,314$1,927$1,597$1,318$489
18 years$2,584$2,138$1,759$1,439$1,172$405
19 years$2,422$1,982$1,610$1,300$1,044$335
20 years$2,277$1,841$1,478$1,178$933$278
21 years$2,146$1,715$1,359$1,069$835$231
22 years$2,027$1,601$1,253$972$748$192
23 years$1,918$1,497$1,157$885$672$160
24 years$1,819$1,403$1,070$807$604$133
25 years$1,727$1,317$991$737$543$110
26 years$1,643$1,237$919$674$489$92
27 years$1,565$1,165$853$617$441$77
28 years$1,493$1,097$793$565$398$64
29 years$1,426$1,035$738$518$359$53
30 years$1,364$978$688$476$325$44
31 years$1,306$924$641$437$294$37
32 years$1,251$875$598$401$266$31
33 years$1,200$828$558$369$240$26
34 years$1,152$785$522$340$218$21
35 years$1,107$745$488$313$197$18
36 years$1,064$707$456$288$179$15
37 years$1,024$671$427$265$162$12
38 years$986$638$400$245$147$10
39 years$950$607$375$226$133$9
40 years$916$577$351$208$121$7
41 years$884$549$329$192$110$6
42 years$853$523$309$177$99$5
43 years$824$498$290$163$90$4
44 years$796$475$272$151$82$3
45 years$770$453$255$139$74$3
46 years$744$432$240$129$67$2
47 years$720$412$225$119$61$2
48 years$697$394$212$110$56$2
49 years$675$376$199$102$51$1
50 years$654$359$187$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $670,000, adding $4,482 every year, while hoping to spend $46,450 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: 28/43/29 Blend
40$670,000$670,000$670,000$670,000
41$742,963$707,453$697,068$757,007
42$769,323$692,696$670,998$753,878
43$796,815$675,659$642,497$746,226
44$825,505$656,181$611,435$737,078
45$855,465$634,092$577,677$726,340
46$886,772$609,213$541,079$713,910
47$919,510$581,352$501,492$699,684
48$953,770$550,307$458,762$683,553
49$989,648$515,867$412,725$665,402
50$1,027,253$477,804$363,211$645,111
51$1,066,697$435,881$310,043$622,555
52$1,108,107$389,846$253,037$597,604
53$1,151,618$339,433$191,997$570,121
54$1,197,377$284,359$126,723$539,965
55$1,245,545$224,328$57,004$506,987
56$1,296,296$159,025$0$471,035
57$1,349,820$88,120$0$437,332
58$1,406,325$11,261$0$419,502
59$1,466,036$0$0$399,791
60$1,529,200$0$0$412,129
61$1,596,086$0$0$430,887
62$1,666,989$0$0$450,824
63$1,742,228$0$0$472,038
64$1,822,156$0$0$494,636
65$1,907,156$0$0$518,734
66$1,997,650$0$0$544,460
67$2,094,096$0$0$571,953
68$2,197,000$0$0$601,368
69$2,306,913$0$0$632,872
70$2,424,441$0$0$666,649
71$2,550,246$0$0$702,903
72$2,685,057$0$0$741,854
73$2,829,671$0$0$783,746
74$2,984,964$0$0$828,848
75$3,151,896$0$0$877,453
76$3,331,524$0$0$929,883
77$3,525,005$0$0$986,494
78$3,733,611$0$0$1,047,674
79$3,958,740$0$0$1,113,852
80$4,201,928$0$0$1,185,499
81$4,464,863$0$0$1,263,132
82$4,749,398$0$0$1,347,320
83$5,057,573$0$0$1,438,689
84$5,391,629$0$0$1,537,926
85$5,754,032$0$0$1,645,789
86$6,147,493$0$0$1,763,111
87$6,574,992$0$0$1,890,807
88$7,039,812$0$0$2,029,885
89$7,545,559$0$0$2,181,455
90$8,096,204$0$0$2,346,738
91$8,696,117$0$0$2,527,077
92$9,350,104$0$0$2,723,952
93$10,063,459$0$0$2,938,989
94$10,842,005$0$0$3,173,982
95$11,692,152$0$0$3,430,904
96$12,620,959$0$0$3,711,926
97$13,636,195$0$0$4,019,442
98$14,746,413$0$0$4,356,084
99$15,961,033$0$0$4,724,754
100$17,290,424$0$0$5,128,645