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%12.3%
1 years$56,980$56,472$55,977$55,494$55,022$54,492
2 years$28,208$27,682$27,173$26,680$26,201$25,668
3 years$18,618$18,091$17,583$17,094$16,623$16,102
4 years$13,825$13,299$12,796$12,315$11,856$11,352
5 years$10,949$10,426$9,930$9,459$9,012$8,527
6 years$9,033$8,514$8,025$7,565$7,131$6,664
7 years$7,664$7,150$6,669$6,219$5,800$5,351
8 years$6,639$6,129$5,656$5,217$4,811$4,382
9 years$5,841$5,336$4,871$4,444$4,052$3,641
10 years$5,204$4,704$4,247$3,831$3,452$3,060
11 years$4,682$4,187$3,739$3,334$2,969$2,595
12 years$4,248$3,758$3,318$2,924$2,573$2,217
13 years$3,881$3,396$2,965$2,582$2,244$1,905
14 years$3,567$3,087$2,664$2,292$1,967$1,645
15 years$3,295$2,820$2,405$2,044$1,732$1,427
16 years$3,057$2,588$2,180$1,830$1,531$1,242
17 years$2,847$2,383$1,984$1,644$1,357$1,084
18 years$2,661$2,202$1,811$1,482$1,207$948
19 years$2,495$2,041$1,658$1,339$1,075$831
20 years$2,345$1,896$1,522$1,213$961$730
21 years$2,210$1,766$1,400$1,101$860$643
22 years$2,087$1,649$1,290$1,001$771$566
23 years$1,975$1,542$1,191$911$692$500
24 years$1,873$1,445$1,102$831$622$441
25 years$1,779$1,356$1,020$759$559$390
26 years$1,692$1,274$946$694$504$345
27 years$1,612$1,199$879$635$454$306
28 years$1,538$1,130$817$582$410$271
29 years$1,469$1,066$760$534$370$240
30 years$1,405$1,007$708$490$334$213
31 years$1,345$952$660$450$302$189
32 years$1,288$901$616$413$274$168
33 years$1,236$853$575$380$248$149
34 years$1,186$808$537$350$224$132
35 years$1,140$767$502$322$203$118
36 years$1,096$728$470$297$184$105
37 years$1,055$691$440$273$167$93
38 years$1,015$657$412$252$151$83
39 years$978$625$386$232$137$73
40 years$943$594$362$214$124$65
41 years$910$566$339$198$113$58
42 years$878$539$318$182$102$52
43 years$848$513$299$168$93$46
44 years$820$489$280$155$84$41
45 years$793$467$263$144$77$36
46 years$767$445$247$133$69$32
47 years$742$425$232$123$63$29
48 years$718$406$218$113$57$26
49 years$695$387$205$105$52$23
50 years$674$370$193$97$47$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $690,000, adding $5,299 every year, while hoping to spend $46,128 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: 49/46/5 Blend
40$690,000$690,000$690,000$690,000
41$765,846$729,276$718,581$802,173
42$794,882$715,931$693,574$814,168
43$825,335$700,385$666,182$821,809
44$857,298$682,484$636,279$829,004
45$890,877$662,060$603,729$835,720
46$926,184$638,939$568,391$841,928
47$963,342$612,934$530,120$847,597
48$1,002,486$583,850$488,761$852,696
49$1,043,759$551,479$444,155$857,196
50$1,087,322$515,600$396,133$861,067
51$1,133,346$475,982$344,521$864,282
52$1,182,021$432,379$289,137$866,815
53$1,233,553$384,532$229,788$868,642
54$1,288,167$332,165$166,277$869,743
55$1,346,108$274,989$98,396$870,099
56$1,407,645$212,698$25,926$869,697
57$1,473,073$144,968$0$868,527
58$1,542,712$71,457$0$869,330
59$1,616,915$0$0$871,020
60$1,696,068$0$0$876,386
61$1,780,592$0$0$920,784
62$1,870,951$0$0$968,294
63$1,967,652$0$0$1,019,188
64$2,071,251$0$0$1,073,765
65$2,182,358$0$0$1,132,354
66$2,301,643$0$0$1,195,314
67$2,429,841$0$0$1,263,042
68$2,567,758$0$0$1,335,970
69$2,716,280$0$0$1,414,576
70$2,876,380$0$0$1,499,383
71$3,049,125$0$0$1,590,967
72$3,235,690$0$0$1,689,961
73$3,437,365$0$0$1,797,057
74$3,655,567$0$0$1,913,022
75$3,891,854$0$0$2,038,694
76$4,147,941$0$0$2,174,996
77$4,425,711$0$0$2,322,945
78$4,727,235$0$0$2,483,657
79$5,054,794$0$0$2,658,359
80$5,410,893$0$0$2,848,405
81$5,798,290$0$0$3,055,281
82$6,220,019$0$0$3,280,622
83$6,679,419$0$0$3,526,230
84$7,180,164$0$0$3,794,086
85$7,726,298$0$0$4,086,371
86$8,322,271$0$0$4,405,485
87$8,972,981$0$0$4,754,072
88$9,683,822$0$0$5,135,041
89$10,460,730$0$0$5,551,593
90$11,310,241$0$0$6,007,257
91$12,239,551$0$0$6,505,915
92$13,256,585$0$0$7,051,842
93$14,370,066$0$0$7,649,746
94$15,589,605$0$0$8,304,814
95$16,925,780$0$0$9,022,754
96$18,390,246$0$0$9,809,856
97$19,995,835$0$0$10,673,046
98$21,756,682$0$0$11,619,953
99$23,688,356$0$0$12,658,979
100$25,808,005$0$0$13,799,381