Can I retire at age 41 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$58,631$58,109$57,599$57,102$56,616$55,886
2 years$29,025$28,485$27,961$27,453$26,960$26,225
3 years$19,158$18,615$18,093$17,589$17,105$16,388
4 years$14,225$13,684$13,167$12,672$12,199$11,506
5 years$11,266$10,728$10,218$9,733$9,274$8,607
6 years$9,295$8,761$8,258$7,784$7,338$6,698
7 years$7,887$7,357$6,862$6,400$5,968$5,355
8 years$6,831$6,306$5,820$5,368$4,951$4,365
9 years$6,011$5,491$5,012$4,573$4,169$3,610
10 years$5,355$4,840$4,370$3,942$3,552$3,019
11 years$4,818$4,309$3,847$3,430$3,055$2,548
12 years$4,372$3,867$3,414$3,009$2,648$2,165
13 years$3,994$3,495$3,050$2,656$2,309$1,851
14 years$3,670$3,177$2,741$2,358$2,024$1,590
15 years$3,390$2,902$2,475$2,103$1,782$1,372
16 years$3,146$2,663$2,244$1,883$1,575$1,187
17 years$2,930$2,452$2,042$1,692$1,396$1,030
18 years$2,738$2,266$1,864$1,525$1,242$896
19 years$2,567$2,100$1,706$1,378$1,107$781
20 years$2,413$1,951$1,566$1,248$989$682
21 years$2,274$1,818$1,440$1,132$885$597
22 years$2,148$1,697$1,327$1,030$793$523
23 years$2,033$1,587$1,226$938$712$458
24 years$1,927$1,487$1,133$855$640$402
25 years$1,830$1,395$1,050$781$576$354
26 years$1,741$1,311$974$714$519$311
27 years$1,659$1,234$904$654$468$274
28 years$1,582$1,163$841$599$422$241
29 years$1,511$1,097$782$549$381$212
30 years$1,445$1,036$729$504$344$187
31 years$1,383$979$679$463$311$165
32 years$1,326$927$634$425$281$145
33 years$1,272$878$592$391$255$128
34 years$1,221$832$553$360$231$113
35 years$1,173$789$517$331$209$100
36 years$1,128$749$484$305$189$88
37 years$1,085$711$453$281$172$78
38 years$1,045$676$424$259$156$69
39 years$1,007$643$397$239$141$61
40 years$971$612$372$220$128$54
41 years$936$582$349$203$116$47
42 years$904$554$327$188$105$42
43 years$873$528$307$173$96$37
44 years$844$503$288$160$87$33
45 years$816$480$271$148$79$29
46 years$789$458$254$136$72$26
47 years$763$437$239$126$65$23
48 years$739$417$225$117$59$20
49 years$716$398$211$108$54$18
50 years$693$381$198$100$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $710,000, adding $5,154 every year, while hoping to spend $21,393 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: 51/42/7 Blend
40$710,000$710,000$710,000$710,000
41$787,736$750,106$739,101$826,277
42$845,323$764,100$741,099$867,056
43$908,067$778,061$742,447$908,622
44$976,472$791,968$743,100$953,297
45$1,051,090$805,793$743,013$1,001,376
46$1,132,533$819,508$742,135$1,053,186
47$1,221,472$833,084$740,417$1,109,089
48$1,318,644$846,488$737,804$1,169,481
49$1,424,865$859,685$734,239$1,234,801
50$1,541,029$872,638$729,664$1,305,530
51$1,668,124$885,306$724,017$1,382,201
52$1,807,234$897,647$717,233$1,465,401
53$1,959,555$909,616$709,244$1,555,777
54$2,126,405$921,162$699,979$1,654,043
55$2,309,233$932,234$689,363$1,760,984
56$2,509,637$942,775$677,318$1,877,468
57$2,729,375$952,726$663,764$2,004,452
58$2,970,384$962,023$648,613$2,142,989
59$3,234,799$970,598$631,777$2,294,244
60$3,524,969$978,378$613,162$2,459,497
61$3,843,484$985,286$592,671$2,640,164
62$4,193,194$991,240$570,201$2,837,803
63$4,577,242$996,153$545,644$3,054,133
64$4,999,087$999,931$518,890$3,291,051
65$5,462,542$1,002,476$489,821$3,550,646
66$5,971,807$1,003,682$458,315$3,835,225
67$6,531,507$1,003,438$424,244$4,147,328
68$7,146,739$1,001,626$387,475$4,489,759
69$7,823,119$998,118$347,869$4,865,608
70$8,566,834$992,782$305,279$5,278,283
71$9,384,699$985,476$259,553$5,731,540
72$10,284,223$976,050$210,533$6,229,524
73$11,273,681$964,343$158,053$6,776,801
74$12,362,189$950,188$101,940$7,378,408
75$13,559,789$933,405$42,013$8,039,899
76$14,877,550$913,804$0$8,767,396
77$16,327,664$891,185$0$9,569,287
78$17,923,567$865,334$0$10,454,833
79$19,680,063$836,026$0$11,429,112
80$21,613,462$803,024$0$12,501,186
81$23,741,737$766,075$0$13,681,047
82$26,084,693$724,912$0$14,979,706
83$28,664,152$679,253$0$16,409,303
84$31,504,159$628,799$0$17,983,221
85$34,631,208$573,235$0$19,716,212
86$38,074,496$512,228$0$21,624,537
87$41,866,192$445,425$0$23,726,122
88$46,041,747$372,454$0$26,040,725
89$50,640,222$292,921$0$28,590,127
90$55,704,661$206,411$0$31,398,336
91$61,282,496$112,484$0$34,491,817
92$67,425,992$10,678$0$37,899,740
93$74,192,745$0$0$41,654,258
94$81,646,220$0$0$45,836,798
95$89,856,352$0$0$50,449,481
96$98,900,208$0$0$55,530,684
97$108,862,710$0$0$61,128,133
98$119,837,440$0$0$67,294,421
99$131,927,520$0$0$74,087,505
100$145,246,588$0$0$81,571,248