Can I retire at age 41 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$57,805$57,290$56,788$56,298$55,819$54,514
2 years$28,617$28,084$27,567$27,066$26,580$25,273
3 years$18,888$18,353$17,838$17,342$16,864$15,595
4 years$14,025$13,491$12,981$12,494$12,027$10,807
5 years$11,108$10,577$10,074$9,596$9,143$7,974
6 years$9,164$8,637$8,141$7,674$7,235$6,118
7 years$7,776$7,254$6,765$6,309$5,884$4,821
8 years$6,735$6,218$5,738$5,293$4,881$3,871
9 years$5,926$5,414$4,942$4,508$4,111$3,152
10 years$5,279$4,772$4,308$3,886$3,502$2,595
11 years$4,750$4,248$3,793$3,382$3,012$2,154
12 years$4,310$3,813$3,366$2,967$2,610$1,800
13 years$3,938$3,446$3,008$2,619$2,276$1,513
14 years$3,619$3,132$2,702$2,325$1,995$1,277
15 years$3,343$2,861$2,440$2,073$1,757$1,082
16 years$3,101$2,625$2,212$1,857$1,553$919
17 years$2,889$2,418$2,013$1,668$1,377$783
18 years$2,700$2,234$1,837$1,503$1,224$668
19 years$2,531$2,070$1,682$1,358$1,091$572
20 years$2,379$1,924$1,544$1,230$975$490
21 years$2,242$1,792$1,420$1,117$872$420
22 years$2,117$1,673$1,309$1,015$782$361
23 years$2,004$1,565$1,208$925$702$310
24 years$1,900$1,466$1,118$843$631$267
25 years$1,805$1,376$1,035$770$568$229
26 years$1,717$1,293$960$704$511$198
27 years$1,635$1,217$891$645$461$170
28 years$1,560$1,147$829$591$416$147
29 years$1,490$1,082$771$542$376$127
30 years$1,425$1,021$718$497$339$109
31 years$1,364$966$670$456$307$94
32 years$1,307$914$625$419$278$81
33 years$1,254$865$583$386$251$70
34 years$1,203$820$545$355$227$61
35 years$1,156$778$510$327$206$52
36 years$1,112$738$477$301$187$45
37 years$1,070$701$446$277$169$39
38 years$1,030$666$418$256$153$34
39 years$993$634$391$236$139$29
40 years$957$603$367$217$126$25
41 years$923$574$344$201$114$22
42 years$891$547$323$185$104$19
43 years$861$521$303$171$94$16
44 years$832$496$284$158$86$14
45 years$804$473$267$146$78$12
46 years$778$452$251$135$70$10
47 years$753$431$236$124$64$9
48 years$728$411$221$115$58$8
49 years$705$393$208$106$53$7
50 years$683$375$196$98$48$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $700,000, adding $5,697 every year, while hoping to spend $38,183 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: 61/15/24 Blend
40$700,000$700,000$700,000$700,000
41$777,276$740,176$729,326$819,414
42$815,932$735,819$713,132$844,305
43$857,251$729,968$695,116$866,791
44$901,465$722,510$675,176$890,495
45$948,826$713,325$653,207$915,544
46$999,614$702,286$629,097$942,076
47$1,054,134$689,257$602,731$970,248
48$1,112,720$674,095$573,987$1,000,231
49$1,175,740$656,648$542,738$1,032,218
50$1,243,599$636,757$508,853$1,066,423
51$1,316,739$614,251$472,193$1,103,081
52$1,395,647$588,951$432,612$1,142,458
53$1,480,859$560,665$389,961$1,184,845
54$1,572,963$529,194$344,081$1,230,566
55$1,672,605$494,324$294,807$1,279,983
56$1,780,494$455,830$241,967$1,333,494
57$1,897,413$413,474$185,381$1,391,542
58$2,024,220$367,005$124,862$1,454,619
59$2,161,860$316,157$60,214$1,523,270
60$2,311,370$260,649$0$1,598,097
61$2,473,894$200,185$0$1,682,018
62$2,650,688$134,451$0$1,790,127
63$2,843,136$63,117$0$1,907,864
64$3,052,759$0$0$2,036,198
65$3,281,231$0$0$2,178,533
66$3,530,396$0$0$2,345,171
67$3,802,282$0$0$2,527,055
68$4,099,122$0$0$2,725,686
69$4,423,373$0$0$2,942,715
70$4,777,741$0$0$3,179,959
71$5,165,205$0$0$3,439,420
72$5,589,044$0$0$3,723,302
73$6,052,871$0$0$4,034,032
74$6,560,660$0$0$4,374,281
75$7,116,792$0$0$4,746,992
76$7,726,087$0$0$5,155,406
77$8,393,857$0$0$5,603,090
78$9,125,951$0$0$6,093,976
79$9,928,810$0$0$6,632,393
80$10,809,529$0$0$7,223,108
81$11,775,922$0$0$7,871,374
82$12,836,598$0$0$8,582,975
83$14,001,038$0$0$9,364,285
84$15,279,687$0$0$10,222,322
85$16,684,050$0$0$11,164,820
86$18,226,802$0$0$12,200,297
87$19,921,906$0$0$13,338,138
88$21,784,743$0$0$14,588,680
89$23,832,260$0$0$15,963,315
90$26,083,126$0$0$17,474,590
91$28,557,909$0$0$19,136,331
92$31,279,271$0$0$20,963,767
93$34,272,179$0$0$22,973,682
94$37,564,139$0$0$25,184,563
95$41,185,459$0$0$27,616,783
96$45,169,532$0$0$30,292,786
97$49,553,150$0$0$33,237,303
98$54,376,851$0$0$36,477,581
99$59,685,302$0$0$40,043,646
100$65,527,719$0$0$43,968,578