Can I retire at age 41 with 690,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$56,980$56,472$55,977$55,494$55,022$54,470
2 years$28,208$27,682$27,173$26,680$26,201$25,645
3 years$18,618$18,091$17,583$17,094$16,623$16,080
4 years$13,825$13,299$12,796$12,315$11,856$11,330
5 years$10,949$10,426$9,930$9,459$9,012$8,506
6 years$9,033$8,514$8,025$7,565$7,131$6,645
7 years$7,664$7,150$6,669$6,219$5,800$5,333
8 years$6,639$6,129$5,656$5,217$4,811$4,364
9 years$5,841$5,336$4,871$4,444$4,052$3,624
10 years$5,204$4,704$4,247$3,831$3,452$3,044
11 years$4,682$4,187$3,739$3,334$2,969$2,580
12 years$4,248$3,758$3,318$2,924$2,573$2,203
13 years$3,881$3,396$2,965$2,582$2,244$1,892
14 years$3,567$3,087$2,664$2,292$1,967$1,633
15 years$3,295$2,820$2,405$2,044$1,732$1,415
16 years$3,057$2,588$2,180$1,830$1,531$1,230
17 years$2,847$2,383$1,984$1,644$1,357$1,073
18 years$2,661$2,202$1,811$1,482$1,207$938
19 years$2,495$2,041$1,658$1,339$1,075$822
20 years$2,345$1,896$1,522$1,213$961$722
21 years$2,210$1,766$1,400$1,101$860$635
22 years$2,087$1,649$1,290$1,001$771$559
23 years$1,975$1,542$1,191$911$692$493
24 years$1,873$1,445$1,102$831$622$435
25 years$1,779$1,356$1,020$759$559$384
26 years$1,692$1,274$946$694$504$340
27 years$1,612$1,199$879$635$454$300
28 years$1,538$1,130$817$582$410$266
29 years$1,469$1,066$760$534$370$236
30 years$1,405$1,007$708$490$334$209
31 years$1,345$952$660$450$302$185
32 years$1,288$901$616$413$274$164
33 years$1,236$853$575$380$248$146
34 years$1,186$808$537$350$224$129
35 years$1,140$767$502$322$203$115
36 years$1,096$728$470$297$184$102
37 years$1,055$691$440$273$167$91
38 years$1,015$657$412$252$151$80
39 years$978$625$386$232$137$71
40 years$943$594$362$214$124$64
41 years$910$566$339$198$113$56
42 years$878$539$318$182$102$50
43 years$848$513$299$168$93$45
44 years$820$489$280$155$84$40
45 years$793$467$263$144$77$35
46 years$767$445$247$133$69$31
47 years$742$425$232$123$63$28
48 years$718$406$218$113$57$25
49 years$695$387$205$105$52$22
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 $4,031 every year, while hoping to spend $29,404 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: 77/5/18 Blend
40$690,000$690,000$690,000$690,000
41$764,538$727,968$717,273$819,995
42$811,235$732,353$710,016$861,584
43$861,710$735,967$701,530$903,111
44$916,317$738,742$691,744$947,860
45$975,445$740,604$680,581$996,145
46$1,039,523$741,476$667,963$1,048,310
47$1,109,020$741,274$653,806$1,104,735
48$1,184,456$739,913$638,024$1,165,838
49$1,266,399$737,297$620,527$1,232,081
50$1,355,476$733,329$601,219$1,303,973
51$1,452,376$727,903$580,001$1,382,074
52$1,557,857$720,909$556,769$1,467,004
53$1,672,753$712,228$531,415$1,559,442
54$1,797,982$701,735$503,826$1,660,142
55$1,934,555$689,299$473,883$1,769,931
56$2,083,583$674,778$441,462$1,889,723
57$2,246,291$658,025$406,433$2,020,525
58$2,424,025$638,881$368,662$2,163,446
59$2,618,270$617,180$328,006$2,319,710
60$2,830,659$592,747$284,319$2,490,666
61$3,062,988$565,394$237,446$2,677,803
62$3,317,239$534,924$187,227$2,882,759
63$3,595,591$501,129$133,492$3,107,342
64$3,900,444$463,787$76,067$3,353,546
65$4,234,443$422,667$14,769$3,623,566
66$4,600,498$377,520$0$3,919,827
67$5,001,817$328,086$0$4,254,724
68$5,441,930$274,090$0$4,625,134
69$5,924,728$215,241$0$5,031,502
70$6,454,494$151,232$0$5,477,447
71$7,035,948$81,737$0$5,966,956
72$7,674,287$6,415$0$6,504,422
73$8,375,239$0$0$7,094,685
74$9,145,109$0$0$7,747,207
75$9,990,848$0$0$8,464,448
76$10,920,110$0$0$9,252,549
77$11,941,328$0$0$10,118,664
78$13,063,792$0$0$11,070,678
79$14,297,738$0$0$12,117,274
80$15,654,441$0$0$13,268,021
81$17,146,325$0$0$14,533,460
82$18,787,079$0$0$15,925,204
83$20,591,782$0$0$17,456,051
84$22,577,049$0$0$19,140,097
85$24,761,189$0$0$20,992,878
86$27,164,371$0$0$23,031,508
87$29,808,820$0$0$25,274,844
88$32,719,024$0$0$27,743,666
89$35,921,965$0$0$30,460,868
90$39,447,372$0$0$33,451,676
91$43,328,004$0$0$36,743,885
92$47,599,955$0$0$40,368,125
93$52,302,999$0$0$44,358,142
94$57,480,961$0$0$48,751,124
95$63,182,131$0$0$53,588,046
96$69,459,721$0$0$58,914,060
97$76,372,365$0$0$64,778,918
98$83,984,674$0$0$71,237,444
99$92,367,840$0$0$78,350,049
100$101,600,317$0$0$86,183,301