Can I retire at age 41 with 700,000?

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 $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%19.2%
1 years$57,805$57,290$56,788$56,298$55,819$53,753
2 years$28,617$28,084$27,567$27,066$26,580$24,522
3 years$18,888$18,353$17,838$17,342$16,864$14,878
4 years$14,025$13,491$12,981$12,494$12,027$10,130
5 years$11,108$10,577$10,074$9,596$9,143$7,338
6 years$9,164$8,637$8,141$7,674$7,235$5,523
7 years$7,776$7,254$6,765$6,309$5,884$4,266
8 years$6,735$6,218$5,738$5,293$4,881$3,355
9 years$5,926$5,414$4,942$4,508$4,111$2,675
10 years$5,279$4,772$4,308$3,886$3,502$2,154
11 years$4,750$4,248$3,793$3,382$3,012$1,748
12 years$4,310$3,813$3,366$2,967$2,610$1,428
13 years$3,938$3,446$3,008$2,619$2,276$1,172
14 years$3,619$3,132$2,702$2,325$1,995$965
15 years$3,343$2,861$2,440$2,073$1,757$798
16 years$3,101$2,625$2,212$1,857$1,553$661
17 years$2,889$2,418$2,013$1,668$1,377$549
18 years$2,700$2,234$1,837$1,503$1,224$457
19 years$2,531$2,070$1,682$1,358$1,091$380
20 years$2,379$1,924$1,544$1,230$975$317
21 years$2,242$1,792$1,420$1,117$872$265
22 years$2,117$1,673$1,309$1,015$782$221
23 years$2,004$1,565$1,208$925$702$185
24 years$1,900$1,466$1,118$843$631$155
25 years$1,805$1,376$1,035$770$568$129
26 years$1,717$1,293$960$704$511$108
27 years$1,635$1,217$891$645$461$91
28 years$1,560$1,147$829$591$416$76
29 years$1,490$1,082$771$542$376$64
30 years$1,425$1,021$718$497$339$53
31 years$1,364$966$670$456$307$45
32 years$1,307$914$625$419$278$38
33 years$1,254$865$583$386$251$31
34 years$1,203$820$545$355$227$26
35 years$1,156$778$510$327$206$22
36 years$1,112$738$477$301$187$19
37 years$1,070$701$446$277$169$16
38 years$1,030$666$418$256$153$13
39 years$993$634$391$236$139$11
40 years$957$603$367$217$126$9
41 years$923$574$344$201$114$8
42 years$891$547$323$185$104$6
43 years$861$521$303$171$94$5
44 years$832$496$284$158$86$5
45 years$804$473$267$146$78$4
46 years$778$452$251$135$70$3
47 years$753$431$236$124$64$3
48 years$728$411$221$115$58$2
49 years$705$393$208$106$53$2
50 years$683$375$196$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $700,000, adding $3,050 every year, while hoping to spend $33,502 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: 61/22/17 Blend
40$700,000$700,000$700,000$700,000
41$774,546$737,446$726,596$818,265
42$817,904$737,935$715,291$848,590
43$864,561$737,325$702,485$877,652
44$914,820$735,527$688,091$908,584
45$969,010$732,446$672,020$941,571
46$1,027,495$727,982$654,179$976,818
47$1,090,674$722,028$634,469$1,014,551
48$1,158,987$714,471$612,787$1,055,022
49$1,232,914$705,192$589,027$1,098,508
50$1,312,988$694,062$563,076$1,145,317
51$1,399,790$680,948$534,816$1,195,789
52$1,493,961$665,708$504,125$1,250,300
53$1,596,206$648,189$470,874$1,309,267
54$1,707,302$628,232$434,931$1,373,151
55$1,828,100$605,669$396,154$1,442,462
56$1,959,538$580,319$354,398$1,517,763
57$2,102,651$551,994$309,510$1,599,679
58$2,258,572$520,493$261,330$1,688,899
59$2,428,554$485,604$209,691$1,786,184
60$2,613,971$447,104$154,421$1,892,379
61$2,816,338$404,754$95,336$2,008,415
62$3,037,323$358,305$32,248$2,135,321
63$3,278,760$307,493$0$2,274,235
64$3,542,671$252,037$0$2,432,778
65$3,831,278$191,642$0$2,612,633
66$4,147,033$125,996$0$2,809,517
67$4,492,630$54,770$0$3,025,168
68$4,871,041$0$0$3,261,501
69$5,285,534$0$0$3,526,048
70$5,739,711$0$0$3,830,505
71$6,237,539$0$0$4,164,278
72$6,783,385$0$0$4,530,302
73$7,382,061$0$0$4,931,810
74$8,038,864$0$0$5,372,364
75$8,759,632$0$0$5,855,886
76$9,550,794$0$0$6,386,696
77$10,419,431$0$0$6,969,555
78$11,373,345$0$0$7,609,705
79$12,421,129$0$0$8,312,922
80$13,572,249$0$0$9,085,569
81$14,837,134$0$0$9,934,654
82$16,227,274$0$0$10,867,900
83$17,755,326$0$0$11,893,815
84$19,435,235$0$0$13,021,771
85$21,282,364$0$0$14,262,093
86$23,313,639$0$0$15,626,161
87$25,547,709$0$0$17,126,507
88$28,005,121$0$0$18,776,942
89$30,708,512$0$0$20,592,683
90$33,682,826$0$0$22,590,495
91$36,955,544$0$0$24,788,850
92$40,556,947$0$0$27,208,103
93$44,520,399$0$0$29,870,680
94$48,882,662$0$0$32,801,290
95$53,684,244$0$0$36,027,163
96$58,969,777$0$0$39,578,300
97$64,788,440$0$0$43,487,758
98$71,194,426$0$0$47,791,963
99$78,247,446$0$0$52,531,053
100$86,013,295$0$0$57,749,257