Can I retire at age 41 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$56,980$56,472$55,977$55,494$55,022$54,721
2 years$28,208$27,682$27,173$26,680$26,201$25,897
3 years$18,618$18,091$17,583$17,094$16,623$16,326
4 years$13,825$13,299$12,796$12,315$11,856$11,568
5 years$10,949$10,426$9,930$9,459$9,012$8,734
6 years$9,033$8,514$8,025$7,565$7,131$6,863
7 years$7,664$7,150$6,669$6,219$5,800$5,542
8 years$6,639$6,129$5,656$5,217$4,811$4,564
9 years$5,841$5,336$4,871$4,444$4,052$3,815
10 years$5,204$4,704$4,247$3,831$3,452$3,225
11 years$4,682$4,187$3,739$3,334$2,969$2,752
12 years$4,248$3,758$3,318$2,924$2,573$2,366
13 years$3,881$3,396$2,965$2,582$2,244$2,046
14 years$3,567$3,087$2,664$2,292$1,967$1,779
15 years$3,295$2,820$2,405$2,044$1,732$1,553
16 years$3,057$2,588$2,180$1,830$1,531$1,360
17 years$2,847$2,383$1,984$1,644$1,357$1,196
18 years$2,661$2,202$1,811$1,482$1,207$1,054
19 years$2,495$2,041$1,658$1,339$1,075$930
20 years$2,345$1,896$1,522$1,213$961$823
21 years$2,210$1,766$1,400$1,101$860$730
22 years$2,087$1,649$1,290$1,001$771$648
23 years$1,975$1,542$1,191$911$692$576
24 years$1,873$1,445$1,102$831$622$513
25 years$1,779$1,356$1,020$759$559$457
26 years$1,692$1,274$946$694$504$407
27 years$1,612$1,199$879$635$454$364
28 years$1,538$1,130$817$582$410$325
29 years$1,469$1,066$760$534$370$290
30 years$1,405$1,007$708$490$334$260
31 years$1,345$952$660$450$302$232
32 years$1,288$901$616$413$274$208
33 years$1,236$853$575$380$248$186
34 years$1,186$808$537$350$224$167
35 years$1,140$767$502$322$203$149
36 years$1,096$728$470$297$184$134
37 years$1,055$691$440$273$167$120
38 years$1,015$657$412$252$151$108
39 years$978$625$386$232$137$97
40 years$943$594$362$214$124$87
41 years$910$566$339$198$113$78
42 years$878$539$318$182$102$70
43 years$848$513$299$168$93$63
44 years$820$489$280$155$84$56
45 years$793$467$263$144$77$50
46 years$767$445$247$133$69$45
47 years$742$425$232$123$63$41
48 years$718$406$218$113$57$36
49 years$695$387$205$105$52$33
50 years$674$370$193$97$47$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $690,000, adding $4,425 every year, while hoping to spend $48,500 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: 51/39/10 Blend
40$690,000$690,000$690,000$690,000
41$764,944$728,374$717,679$801,731
42$791,365$712,461$690,118$811,405
43$818,855$694,143$660,008$816,370
44$847,473$673,250$627,212$820,641
45$877,279$649,604$591,588$824,167
46$908,342$623,015$552,987$826,890
47$940,734$593,283$511,253$828,755
48$974,531$560,196$466,222$829,701
49$1,009,817$523,530$417,725$829,666
50$1,046,683$483,047$365,583$828,585
51$1,085,226$438,498$309,611$826,392
52$1,125,552$389,617$249,616$823,017
53$1,167,774$336,124$185,394$818,390
54$1,212,016$277,723$116,734$812,438
55$1,258,413$214,103$43,415$805,084
56$1,307,109$144,932$0$796,252
57$1,358,263$69,863$0$789,580
58$1,412,047$0$0$786,458
59$1,468,646$0$0$787,116
60$1,528,265$0$0$819,417
61$1,591,124$0$0$853,501
62$1,657,464$0$0$889,502
63$1,727,548$0$0$927,567
64$1,801,664$0$0$967,856
65$1,880,123$0$0$1,010,543
66$1,963,267$0$0$1,055,818
67$2,051,471$0$0$1,103,892
68$2,145,141$0$0$1,154,991
69$2,244,726$0$0$1,209,365
70$2,350,712$0$0$1,267,286
71$2,463,635$0$0$1,329,055
72$2,584,081$0$0$1,394,998
73$2,712,691$0$0$1,465,474
74$2,850,167$0$0$1,540,876
75$2,997,281$0$0$1,621,636
76$3,154,876$0$0$1,708,227
77$3,323,881$0$0$1,801,167
78$3,505,311$0$0$1,901,027
79$3,700,282$0$0$2,008,430
80$3,910,019$0$0$2,124,063
81$4,135,867$0$0$2,248,681
82$4,379,303$0$0$2,383,111
83$4,641,950$0$0$2,528,261
84$4,925,588$0$0$2,685,133
85$5,232,178$0$0$2,854,824
86$5,563,872$0$0$3,038,541
87$5,923,036$0$0$3,237,611
88$6,312,272$0$0$3,453,495
89$6,734,439$0$0$3,687,797
90$7,192,685$0$0$3,942,281
91$7,690,469$0$0$4,218,891
92$8,231,597$0$0$4,519,762
93$8,820,257$0$0$4,847,243
94$9,461,054$0$0$5,203,922
95$10,159,057$0$0$5,592,643
96$10,919,847$0$0$6,016,537
97$11,749,560$0$0$6,479,053
98$12,654,955$0$0$6,983,983
99$13,643,468$0$0$7,535,504
100$14,723,288$0$0$8,138,214