Can I retire at age 41 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$56,154$55,654$55,166$54,689$54,224$53,458
2 years$27,799$27,281$26,779$26,293$25,821$25,051
3 years$18,349$17,829$17,328$16,846$16,382$15,631
4 years$13,624$13,106$12,610$12,137$11,684$10,958
5 years$10,790$10,275$9,786$9,322$8,882$8,184
6 years$8,902$8,390$7,909$7,455$7,028$6,359
7 years$7,553$7,046$6,572$6,129$5,716$5,075
8 years$6,542$6,040$5,574$5,142$4,742$4,130
9 years$5,757$5,259$4,801$4,379$3,993$3,409
10 years$5,128$4,635$4,185$3,775$3,402$2,846
11 years$4,615$4,127$3,685$3,286$2,926$2,397
12 years$4,187$3,704$3,270$2,882$2,536$2,034
13 years$3,825$3,347$2,922$2,544$2,211$1,735
14 years$3,515$3,043$2,625$2,258$1,938$1,488
15 years$3,247$2,779$2,370$2,014$1,707$1,280
16 years$3,013$2,550$2,149$1,803$1,508$1,106
17 years$2,806$2,348$1,955$1,620$1,337$958
18 years$2,622$2,170$1,785$1,460$1,189$831
19 years$2,459$2,011$1,634$1,320$1,060$723
20 years$2,311$1,869$1,500$1,195$947$630
21 years$2,178$1,741$1,379$1,085$847$550
22 years$2,057$1,625$1,271$986$759$481
23 years$1,947$1,520$1,174$898$682$421
24 years$1,846$1,424$1,086$819$613$368
25 years$1,753$1,336$1,005$748$551$323
26 years$1,668$1,256$933$684$497$283
27 years$1,589$1,182$866$626$448$249
28 years$1,516$1,114$805$574$404$218
29 years$1,448$1,051$749$526$365$192
30 years$1,384$992$698$483$330$169
31 years$1,325$938$651$443$298$148
32 years$1,270$888$607$407$270$130
33 years$1,218$841$567$375$244$115
34 years$1,169$797$530$345$221$101
35 years$1,123$756$495$317$200$89
36 years$1,080$717$463$292$181$78
37 years$1,039$681$433$269$164$69
38 years$1,001$647$406$248$149$61
39 years$964$616$380$229$135$54
40 years$930$586$356$211$123$47
41 years$897$558$334$195$111$42
42 years$866$531$314$180$101$37
43 years$836$506$294$166$92$32
44 years$808$482$276$153$83$28
45 years$781$460$259$141$75$25
46 years$755$439$244$131$68$22
47 years$731$419$229$121$62$19
48 years$708$400$215$112$56$17
49 years$685$382$202$103$51$15
50 years$664$365$190$95$47$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $680,000, adding $6,630 every year, while hoping to spend $25,201 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: 51/25/24 Blend
40$680,000$680,000$680,000$680,000
41$756,199$720,159$709,619$789,380
42$806,517$728,633$706,577$821,561
43$861,124$736,678$702,589$853,433
44$920,429$744,245$697,597$887,573
45$984,885$751,285$691,538$924,206
46$1,054,988$757,743$684,349$963,583
47$1,131,285$763,561$675,964$1,005,979
48$1,214,378$768,678$666,311$1,051,698
49$1,304,930$773,028$655,317$1,101,077
50$1,403,668$776,542$642,906$1,154,489
51$1,511,395$779,145$628,996$1,212,345
52$1,628,994$780,760$613,504$1,275,099
53$1,757,436$781,302$596,341$1,343,254
54$1,897,791$780,682$577,415$1,417,366
55$2,051,237$778,807$556,629$1,498,046
56$2,219,071$775,575$533,884$1,585,974
57$2,402,719$770,882$509,072$1,681,898
58$2,603,755$764,613$482,084$1,786,643
59$2,823,909$756,650$452,805$1,901,123
60$3,065,087$746,866$421,114$2,026,348
61$3,329,390$735,127$386,885$2,163,429
62$3,619,129$721,289$349,987$2,313,597
63$3,936,851$705,203$310,283$2,478,210
64$4,285,361$686,709$267,628$2,658,766
65$4,667,747$665,637$221,873$2,856,921
66$5,087,413$641,809$172,862$3,074,501
67$5,548,108$615,036$120,431$3,313,522
68$6,053,958$585,117$64,409$3,576,211
69$6,609,515$551,840$4,619$3,865,024
70$7,219,786$514,981$0$4,182,673
71$7,890,292$474,303$0$4,547,305
72$8,627,114$429,556$0$4,949,314
73$9,436,950$380,474$0$5,391,210
74$10,327,180$326,779$0$5,877,067
75$11,305,934$268,173$0$6,411,377
76$12,382,172$204,346$0$6,999,092
77$13,565,761$134,966$0$7,645,672
78$14,867,575$59,686$0$8,357,136
79$16,299,595$0$0$9,140,120
80$17,875,019$0$0$10,007,956
81$19,608,393$0$0$10,980,944
82$21,515,739$0$0$12,051,671
83$23,614,714$0$0$13,230,058
84$25,924,773$0$0$14,527,037
85$28,467,350$0$0$15,954,656
86$31,266,065$0$0$17,526,186
87$34,346,942$0$0$19,256,252
88$37,738,659$0$0$21,160,972
89$41,472,814$0$0$23,258,100
90$45,584,224$0$0$25,567,206
91$50,111,254$0$0$28,109,848
92$55,096,182$0$0$30,909,786
93$60,585,590$0$0$33,993,199
94$66,630,809$0$0$37,388,934
95$73,288,404$0$0$41,128,780
96$80,620,703$0$0$45,247,765
97$88,696,388$0$0$49,784,487
98$97,591,143$0$0$54,781,480
99$107,388,367$0$0$60,285,615
100$118,179,959$0$0$66,348,538