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%17.9%
1 years$56,980$56,472$55,977$55,494$55,022$53,260
2 years$28,208$27,682$27,173$26,680$26,201$24,443
3 years$18,618$18,091$17,583$17,094$16,623$14,923
4 years$13,825$13,299$12,796$12,315$11,856$10,227
5 years$10,949$10,426$9,930$9,459$9,012$7,459
6 years$9,033$8,514$8,025$7,565$7,131$5,655
7 years$7,664$7,150$6,669$6,219$5,800$4,400
8 years$6,639$6,129$5,656$5,217$4,811$3,488
9 years$5,841$5,336$4,871$4,444$4,052$2,803
10 years$5,204$4,704$4,247$3,831$3,452$2,276
11 years$4,682$4,187$3,739$3,334$2,969$1,863
12 years$4,248$3,758$3,318$2,924$2,573$1,534
13 years$3,881$3,396$2,965$2,582$2,244$1,270
14 years$3,567$3,087$2,664$2,292$1,967$1,056
15 years$3,295$2,820$2,405$2,044$1,732$881
16 years$3,057$2,588$2,180$1,830$1,531$737
17 years$2,847$2,383$1,984$1,644$1,357$618
18 years$2,661$2,202$1,811$1,482$1,207$519
19 years$2,495$2,041$1,658$1,339$1,075$436
20 years$2,345$1,896$1,522$1,213$961$368
21 years$2,210$1,766$1,400$1,101$860$310
22 years$2,087$1,649$1,290$1,001$771$262
23 years$1,975$1,542$1,191$911$692$221
24 years$1,873$1,445$1,102$831$622$187
25 years$1,779$1,356$1,020$759$559$158
26 years$1,692$1,274$946$694$504$134
27 years$1,612$1,199$879$635$454$113
28 years$1,538$1,130$817$582$410$96
29 years$1,469$1,066$760$534$370$81
30 years$1,405$1,007$708$490$334$69
31 years$1,345$952$660$450$302$58
32 years$1,288$901$616$413$274$49
33 years$1,236$853$575$380$248$42
34 years$1,186$808$537$350$224$35
35 years$1,140$767$502$322$203$30
36 years$1,096$728$470$297$184$25
37 years$1,055$691$440$273$167$22
38 years$1,015$657$412$252$151$18
39 years$978$625$386$232$137$16
40 years$943$594$362$214$124$13
41 years$910$566$339$198$113$11
42 years$878$539$318$182$102$9
43 years$848$513$299$168$93$8
44 years$820$489$280$155$84$7
45 years$793$467$263$144$77$6
46 years$767$445$247$133$69$5
47 years$742$425$232$123$63$4
48 years$718$406$218$113$57$4
49 years$695$387$205$105$52$3
50 years$674$370$193$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $690,000, adding $5,315 every year, while hoping to spend $24,535 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: 62/8/30 Blend
40$690,000$690,000$690,000$690,000
41$765,862$729,292$718,597$806,848
42$817,875$738,923$716,565$845,002
43$874,371$748,203$713,643$883,539
44$935,782$757,089$709,774$925,108
45$1,002,581$765,536$704,901$970,014
46$1,075,291$773,494$698,963$1,018,589
47$1,154,487$780,911$691,894$1,071,201
48$1,240,800$787,732$683,628$1,128,258
49$1,334,927$793,896$674,095$1,190,207
50$1,437,634$799,341$663,221$1,257,544
51$1,549,762$803,998$650,929$1,330,816
52$1,672,240$807,797$637,137$1,410,625
53$1,806,090$810,660$621,763$1,497,636
54$1,952,436$812,507$604,717$1,592,585
55$2,112,516$813,252$585,907$1,696,281
56$2,287,694$812,802$565,235$1,809,617
57$2,479,471$811,061$542,602$1,933,581
58$2,689,499$807,925$517,902$2,069,260
59$2,919,599$803,285$491,023$2,217,855
60$3,171,777$797,025$461,851$2,380,690
61$3,448,239$789,020$430,264$2,559,226
62$3,751,419$779,141$396,137$2,755,075
63$4,083,993$767,249$359,337$2,970,014
64$4,448,913$753,197$319,728$3,206,003
65$4,849,428$736,829$277,165$3,465,206
66$5,289,118$717,982$231,497$3,750,008
67$5,771,924$696,479$182,569$4,063,040
68$6,302,192$672,138$130,216$4,407,203
69$6,884,705$644,762$74,268$4,785,697
70$7,524,734$614,145$14,546$5,202,052
71$8,228,087$580,068$0$5,660,157
72$9,001,161$542,300$0$6,180,051
73$9,851,003$500,596$0$6,756,712
74$10,785,378$454,698$0$7,390,762
75$11,812,841$404,333$0$8,088,022
76$12,942,817$349,211$0$8,854,908
77$14,185,689$289,028$0$9,698,489
78$15,552,901$223,462$0$10,626,553
79$17,057,056$152,171$0$11,647,684
80$18,712,045$74,796$0$12,771,342
81$20,533,170$0$0$14,007,950
82$22,537,293$0$0$15,369,790
83$24,742,994$0$0$16,875,912
84$27,170,744$0$0$18,533,719
85$29,843,099$0$0$20,358,621
86$32,784,914$0$0$22,367,598
87$36,023,576$0$0$24,579,362
88$39,589,261$0$0$27,014,528
89$43,515,221$0$0$29,695,816
90$47,838,096$0$0$32,648,259
91$52,598,261$0$0$35,899,440
92$57,840,204$0$0$39,479,754
93$63,612,948$0$0$43,422,696
94$69,970,513$0$0$47,765,172
95$76,972,424$0$0$52,547,851
96$84,684,276$0$0$57,815,548
97$93,178,347$0$0$63,617,647
98$102,534,286$0$0$70,008,565
99$112,839,861$0$0$77,048,267
100$124,191,787$0$0$84,802,831