Can I retire at age 41 with 710,000?

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 $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%14.1%
1 years$58,631$58,109$57,599$57,102$56,616$55,656
2 years$29,025$28,485$27,961$27,453$26,960$25,995
3 years$19,158$18,615$18,093$17,589$17,105$16,165
4 years$14,225$13,684$13,167$12,672$12,199$11,293
5 years$11,266$10,728$10,218$9,733$9,274$8,403
6 years$9,295$8,761$8,258$7,784$7,338$6,504
7 years$7,887$7,357$6,862$6,400$5,968$5,171
8 years$6,831$6,306$5,820$5,368$4,951$4,191
9 years$6,011$5,491$5,012$4,573$4,169$3,445
10 years$5,355$4,840$4,370$3,942$3,552$2,864
11 years$4,818$4,309$3,847$3,430$3,055$2,402
12 years$4,372$3,867$3,414$3,009$2,648$2,028
13 years$3,994$3,495$3,050$2,656$2,309$1,723
14 years$3,670$3,177$2,741$2,358$2,024$1,470
15 years$3,390$2,902$2,475$2,103$1,782$1,259
16 years$3,146$2,663$2,244$1,883$1,575$1,082
17 years$2,930$2,452$2,042$1,692$1,396$932
18 years$2,738$2,266$1,864$1,525$1,242$805
19 years$2,567$2,100$1,706$1,378$1,107$697
20 years$2,413$1,951$1,566$1,248$989$604
21 years$2,274$1,818$1,440$1,132$885$525
22 years$2,148$1,697$1,327$1,030$793$456
23 years$2,033$1,587$1,226$938$712$397
24 years$1,927$1,487$1,133$855$640$346
25 years$1,830$1,395$1,050$781$576$301
26 years$1,741$1,311$974$714$519$263
27 years$1,659$1,234$904$654$468$229
28 years$1,582$1,163$841$599$422$200
29 years$1,511$1,097$782$549$381$175
30 years$1,445$1,036$729$504$344$153
31 years$1,383$979$679$463$311$134
32 years$1,326$927$634$425$281$117
33 years$1,272$878$592$391$255$102
34 years$1,221$832$553$360$231$90
35 years$1,173$789$517$331$209$78
36 years$1,128$749$484$305$189$69
37 years$1,085$711$453$281$172$60
38 years$1,045$676$424$259$156$53
39 years$1,007$643$397$239$141$46
40 years$971$612$372$220$128$40
41 years$936$582$349$203$116$35
42 years$904$554$327$188$105$31
43 years$873$528$307$173$96$27
44 years$844$503$288$160$87$24
45 years$816$480$271$148$79$21
46 years$789$458$254$136$72$18
47 years$763$437$239$126$65$16
48 years$739$417$225$117$59$14
49 years$716$398$211$108$54$12
50 years$693$381$198$100$49$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $710,000, adding $6,245 every year, while hoping to spend $31,354 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: 76/9/15 Blend
40$710,000$710,000$710,000$710,000
41$788,862$751,232$740,227$845,805
42$835,965$754,682$731,664$887,714
43$886,822$757,250$721,763$929,107
44$941,783$758,860$710,447$973,630
45$1,001,232$759,431$697,634$1,021,584
46$1,065,591$758,876$683,238$1,073,302
47$1,135,325$757,105$667,170$1,129,151
48$1,210,944$754,019$649,337$1,189,535
49$1,293,011$749,517$629,641$1,254,899
50$1,382,144$743,489$607,979$1,325,735
51$1,479,021$735,818$584,244$1,402,585
52$1,584,390$726,382$558,326$1,486,046
53$1,699,074$715,051$530,106$1,576,776
54$1,823,978$701,687$499,463$1,675,502
55$1,960,097$686,143$466,268$1,783,024
56$2,108,527$668,265$430,389$1,900,224
57$2,270,476$647,888$391,685$2,028,076
58$2,447,270$624,840$350,012$2,167,654
59$2,640,370$598,936$305,217$2,320,139
60$2,851,387$569,983$257,140$2,486,838
61$3,082,091$537,775$205,617$2,669,189
62$3,334,432$502,093$150,473$2,868,777
63$3,610,558$462,710$91,528$3,087,352
64$3,912,833$419,381$28,592$3,326,841
65$4,243,861$371,850$0$3,589,372
66$4,606,510$319,846$0$3,883,461
67$5,003,937$263,081$0$4,210,804
68$5,439,619$201,253$0$4,569,704
69$5,917,388$134,041$0$4,963,339
70$6,441,461$61,109$0$5,395,210
71$7,016,485$0$0$5,869,174
72$7,647,579$0$0$6,391,256
73$8,340,379$0$0$6,971,058
74$9,101,097$0$0$7,607,727
75$9,936,573$0$0$8,306,995
76$10,854,343$0$0$9,075,170
77$11,862,709$0$0$9,919,207
78$12,970,818$0$0$10,846,764
79$14,188,743$0$0$11,866,280
80$15,527,587$0$0$12,987,050
81$16,999,578$0$0$14,219,317
82$18,618,189$0$0$15,574,364
83$20,398,265$0$0$17,064,624
84$22,356,162$0$0$18,703,792
85$24,509,898$0$0$20,506,961
86$26,879,327$0$0$22,490,757
87$29,486,325$0$0$24,673,502
88$32,354,993$0$0$27,075,380
89$35,511,890$0$0$29,718,632
90$38,986,275$0$0$32,627,766
91$42,810,391$0$0$35,829,783
92$47,019,764$0$0$39,354,437
93$51,653,539$0$0$43,234,511
94$56,754,847$0$0$47,506,128
95$62,371,218$0$0$52,209,094
96$68,555,021$0$0$57,387,269
97$75,363,962$0$0$63,088,983
98$82,861,630$0$0$69,367,490
99$91,118,093$0$0$76,281,473
100$100,210,559$0$0$83,895,594