Can I retire at age 41 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$59,457$58,927$58,411$57,906$57,414$55,333
2 years$29,434$28,886$28,355$27,840$27,340$25,266
3 years$19,428$18,877$18,347$17,837$17,346$15,344
4 years$14,426$13,877$13,352$12,851$12,371$10,457
5 years$11,425$10,880$10,362$9,870$9,404$7,583
6 years$9,425$8,884$8,374$7,894$7,441$5,714
7 years$7,998$7,461$6,959$6,490$6,052$4,419
8 years$6,927$6,395$5,902$5,444$5,020$3,480
9 years$6,095$5,568$5,083$4,637$4,228$2,777
10 years$5,430$4,908$4,431$3,997$3,602$2,239
11 years$4,886$4,369$3,901$3,479$3,098$1,820
12 years$4,433$3,922$3,462$3,051$2,685$1,488
13 years$4,050$3,544$3,093$2,694$2,341$1,223
14 years$3,722$3,221$2,779$2,391$2,052$1,009
15 years$3,438$2,943$2,509$2,133$1,807$835
16 years$3,190$2,700$2,275$1,910$1,597$693
17 years$2,971$2,487$2,070$1,716$1,416$576
18 years$2,777$2,298$1,890$1,546$1,259$480
19 years$2,603$2,130$1,730$1,397$1,122$400
20 years$2,447$1,979$1,588$1,265$1,002$335
21 years$2,306$1,843$1,461$1,148$897$280
22 years$2,178$1,721$1,346$1,044$804$234
23 years$2,061$1,609$1,243$951$722$196
24 years$1,954$1,508$1,149$867$649$164
25 years$1,856$1,415$1,065$792$584$138
26 years$1,766$1,330$987$724$526$115
27 years$1,682$1,252$917$663$474$97
28 years$1,605$1,179$852$607$428$81
29 years$1,533$1,113$793$557$386$68
30 years$1,466$1,051$739$511$349$57
31 years$1,403$993$689$469$316$48
32 years$1,344$940$643$431$285$40
33 years$1,289$890$600$397$258$34
34 years$1,238$844$561$365$234$28
35 years$1,189$800$524$336$212$24
36 years$1,144$759$490$309$192$20
37 years$1,100$721$459$285$174$17
38 years$1,060$685$430$263$158$14
39 years$1,021$652$403$242$143$12
40 years$984$620$377$224$130$10
41 years$950$590$354$206$118$8
42 years$917$562$332$190$107$7
43 years$885$536$312$176$97$6
44 years$855$511$292$162$88$5
45 years$827$487$275$150$80$4
46 years$800$464$258$138$73$4
47 years$774$443$242$128$66$3
48 years$749$423$228$118$60$2
49 years$726$404$214$109$54$2
50 years$703$386$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $720,000, adding $3,486 every year, while hoping to spend $28,653 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: 64/10/26 Blend
40$720,000$720,000$720,000$720,000
41$797,036$758,876$747,716$842,375
42$847,847$765,574$742,278$880,141
43$902,880$771,640$735,697$917,899
44$962,537$777,013$727,906$958,521
45$1,027,256$781,628$718,831$1,002,293
46$1,097,523$785,414$708,399$1,049,528
47$1,173,870$788,299$696,530$1,100,573
48$1,256,883$790,204$683,142$1,155,811
49$1,347,207$791,045$668,148$1,215,665
50$1,445,550$790,735$651,460$1,280,602
51$1,552,694$789,179$632,981$1,351,136
52$1,669,496$786,276$612,614$1,427,838
53$1,796,903$781,922$590,255$1,511,334
54$1,935,955$776,004$565,796$1,602,318
55$2,087,797$768,403$539,125$1,701,555
56$2,253,690$758,992$510,123$1,809,888
57$2,435,021$747,637$478,666$1,928,251
58$2,633,318$734,197$444,627$2,057,670
59$2,850,265$718,521$407,871$2,199,281
60$3,087,713$700,449$368,255$2,354,336
61$3,347,703$679,814$325,635$2,524,217
62$3,632,480$656,437$279,855$2,710,448
63$3,944,519$630,128$230,756$2,914,711
64$4,286,544$600,689$178,171$3,138,861
65$4,661,556$567,907$121,924$3,384,946
66$5,072,859$531,558$61,833$3,655,224
67$5,524,093$491,408$0$3,952,187
68$6,019,269$447,204$0$4,279,220
69$6,562,801$398,684$0$4,657,064
70$7,159,554$345,568$0$5,071,950
71$7,814,889$287,560$0$5,527,624
72$8,534,706$224,349$0$6,028,218
73$9,325,510$155,606$0$6,578,283
74$10,194,464$80,983$0$7,182,835
75$11,149,461$113$0$7,847,400
76$12,199,195$0$0$8,578,070
77$13,353,246$0$0$9,391,173
78$14,622,166$0$0$10,285,279
79$16,017,583$0$0$11,268,575
80$17,552,307$0$0$12,350,093
81$19,240,452$0$0$13,539,788
82$21,097,569$0$0$14,848,627
83$23,140,792$0$0$16,288,693
84$25,388,998$0$0$17,873,298
85$27,862,988$0$0$19,617,113
86$30,585,682$0$0$21,536,300
87$33,582,331$0$0$23,648,669
88$36,880,761$0$0$25,973,843
89$40,511,631$0$0$28,533,445
90$44,508,725$0$0$31,351,299
91$48,909,267$0$0$34,453,659
92$53,754,275$0$0$37,869,453
93$59,088,946$0$0$41,630,555
94$64,963,082$0$0$45,772,090
95$71,431,564$0$0$50,332,760
96$78,554,861$0$0$55,355,215
97$86,399,609$0$0$60,886,448
98$95,039,234$0$0$66,978,244
99$104,554,646$0$0$73,687,667
100$115,035,006$0$0$81,077,597