Can I retire at age 41 with 720,000?

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 $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%11%
1 years$59,457$58,927$58,411$57,906$57,414$57,172
2 years$29,434$28,886$28,355$27,840$27,340$27,096
3 years$19,428$18,877$18,347$17,837$17,346$17,107
4 years$14,426$13,877$13,352$12,851$12,371$12,139
5 years$11,425$10,880$10,362$9,870$9,404$9,180
6 years$9,425$8,884$8,374$7,894$7,441$7,225
7 years$7,998$7,461$6,959$6,490$6,052$5,844
8 years$6,927$6,395$5,902$5,444$5,020$4,821
9 years$6,095$5,568$5,083$4,637$4,228$4,036
10 years$5,430$4,908$4,431$3,997$3,602$3,419
11 years$4,886$4,369$3,901$3,479$3,098$2,923
12 years$4,433$3,922$3,462$3,051$2,685$2,517
13 years$4,050$3,544$3,093$2,694$2,341$2,181
14 years$3,722$3,221$2,779$2,391$2,052$1,900
15 years$3,438$2,943$2,509$2,133$1,807$1,662
16 years$3,190$2,700$2,275$1,910$1,597$1,459
17 years$2,971$2,487$2,070$1,716$1,416$1,285
18 years$2,777$2,298$1,890$1,546$1,259$1,134
19 years$2,603$2,130$1,730$1,397$1,122$1,004
20 years$2,447$1,979$1,588$1,265$1,002$890
21 years$2,306$1,843$1,461$1,148$897$791
22 years$2,178$1,721$1,346$1,044$804$704
23 years$2,061$1,609$1,243$951$722$627
24 years$1,954$1,508$1,149$867$649$560
25 years$1,856$1,415$1,065$792$584$500
26 years$1,766$1,330$987$724$526$447
27 years$1,682$1,252$917$663$474$400
28 years$1,605$1,179$852$607$428$358
29 years$1,533$1,113$793$557$386$320
30 years$1,466$1,051$739$511$349$287
31 years$1,403$993$689$469$316$258
32 years$1,344$940$643$431$285$231
33 years$1,289$890$600$397$258$207
34 years$1,238$844$561$365$234$186
35 years$1,189$800$524$336$212$167
36 years$1,144$759$490$309$192$150
37 years$1,100$721$459$285$174$135
38 years$1,060$685$430$263$158$122
39 years$1,021$652$403$242$143$109
40 years$984$620$377$224$130$98
41 years$950$590$354$206$118$88
42 years$917$562$332$190$107$80
43 years$885$536$312$176$97$72
44 years$855$511$292$162$88$64
45 years$827$487$275$150$80$58
46 years$800$464$258$138$73$52
47 years$774$443$242$128$66$47
48 years$749$423$228$118$60$42
49 years$726$404$214$109$54$38
50 years$703$386$201$101$49$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $720,000, adding $4,741 every year, while hoping to spend $27,256 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: 45/42/13 Blend
40$720,000$720,000$720,000$720,000
41$798,330$760,170$749,010$831,095
42$850,760$768,419$745,102$862,604
43$907,624$776,157$740,149$893,612
44$969,345$783,333$734,088$926,633
45$1,036,391$789,888$726,852$961,866
46$1,109,272$795,763$718,371$999,527
47$1,188,553$800,890$708,572$1,039,859
48$1,274,854$805,202$697,378$1,083,127
49$1,368,857$808,626$684,708$1,129,627
50$1,471,314$811,082$670,479$1,179,686
51$1,583,051$812,487$654,603$1,233,665
52$1,704,977$812,754$636,987$1,291,965
53$1,838,094$811,788$617,535$1,355,027
54$1,983,504$809,490$596,147$1,423,340
55$2,142,420$805,754$572,717$1,497,447
56$2,316,178$800,467$547,135$1,577,944
57$2,506,250$793,512$519,285$1,665,495
58$2,714,255$784,761$489,048$1,760,829
59$2,941,975$774,081$456,298$1,864,756
60$3,191,375$761,330$420,903$1,978,170
61$3,464,618$746,357$382,725$2,102,058
62$3,764,085$729,004$341,622$2,237,513
63$4,092,398$709,102$297,443$2,385,740
64$4,452,448$686,473$250,033$2,548,073
65$4,847,415$660,928$199,226$2,725,984
66$5,280,805$632,267$144,854$2,921,101
67$5,756,477$600,278$86,737$3,135,222
68$6,278,685$564,739$24,689$3,370,330
69$6,852,111$525,412$0$3,628,620
70$7,481,917$482,047$0$3,918,273
71$8,173,786$434,381$0$4,240,232
72$8,933,980$382,133$0$4,594,050
73$9,769,397$325,009$0$4,983,019
74$10,687,638$262,697$0$5,410,769
75$11,697,075$194,867$0$5,881,308
76$12,806,932$121,171$0$6,399,055
77$14,027,373$41,242$0$6,968,890
78$15,369,593$0$0$7,596,193
79$16,845,930$0$0$8,307,842
80$18,469,976$0$0$9,111,755
81$20,256,706$0$0$9,996,298
82$22,222,620$0$0$10,969,651
83$24,385,899$0$0$12,040,829
84$26,766,575$0$0$13,219,764
85$29,386,719$0$0$14,517,399
86$32,270,651$0$0$15,945,794
87$35,445,168$0$0$17,518,234
88$38,939,798$0$0$19,249,362
89$42,787,076$0$0$21,155,309
90$47,022,851$0$0$23,253,852
91$51,686,628$0$0$25,564,578
92$56,821,935$0$0$28,109,072
93$62,476,736$0$0$30,911,117
94$68,703,883$0$0$33,996,920
95$75,561,618$0$0$37,395,360
96$83,114,114$0$0$41,138,260
97$91,432,089$0$0$45,260,686
98$100,593,468$0$0$49,801,279
99$110,684,120$0$0$54,802,618
100$121,798,668$0$0$60,311,624