Can I retire at age 41 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$60,283$59,746$59,222$58,711$58,211$56,735
2 years$29,843$29,287$28,748$28,226$27,720$26,242
3 years$19,698$19,139$18,602$18,085$17,586$16,153
4 years$14,626$14,070$13,538$13,029$12,543$11,166
5 years$11,584$11,031$10,506$10,008$9,535$8,217
6 years$9,556$9,007$8,490$8,003$7,545$6,288
7 years$8,109$7,564$7,055$6,580$6,136$4,940
8 years$7,024$6,484$5,984$5,520$5,090$3,955
9 years$6,180$5,646$5,154$4,702$4,287$3,211
10 years$5,505$4,976$4,493$4,053$3,652$2,635
11 years$4,954$4,430$3,956$3,527$3,141$2,180
12 years$4,495$3,976$3,510$3,094$2,722$1,816
13 years$4,106$3,593$3,136$2,731$2,374$1,521
14 years$3,774$3,266$2,818$2,425$2,081$1,280
15 years$3,486$2,984$2,544$2,162$1,832$1,080
16 years$3,234$2,738$2,307$1,936$1,619$915
17 years$3,012$2,521$2,099$1,740$1,436$776
18 years$2,815$2,330$1,916$1,568$1,277$660
19 years$2,639$2,159$1,754$1,417$1,138$563
20 years$2,481$2,006$1,610$1,283$1,016$480
21 years$2,338$1,869$1,481$1,164$910$410
22 years$2,208$1,745$1,365$1,059$815$351
23 years$2,090$1,632$1,260$964$732$300
24 years$1,982$1,529$1,165$879$658$257
25 years$1,882$1,435$1,079$803$592$221
26 years$1,790$1,348$1,001$734$533$189
27 years$1,706$1,269$930$672$481$162
28 years$1,627$1,196$864$616$434$139
29 years$1,554$1,128$804$565$392$120
30 years$1,486$1,065$749$518$354$103
31 years$1,422$1,007$698$476$320$88
32 years$1,363$953$652$437$289$76
33 years$1,307$902$608$402$262$65
34 years$1,255$855$568$370$237$56
35 years$1,206$811$531$341$215$48
36 years$1,159$770$497$314$195$41
37 years$1,116$731$465$289$176$36
38 years$1,074$695$436$266$160$31
39 years$1,035$661$408$246$145$26
40 years$998$629$383$227$132$23
41 years$963$598$359$209$119$20
42 years$929$570$337$193$108$17
43 years$898$543$316$178$98$14
44 years$867$518$296$164$89$12
45 years$839$494$278$152$81$11
46 years$811$471$261$140$74$9
47 years$785$449$246$130$67$8
48 years$760$429$231$120$61$7
49 years$736$410$217$111$55$6
50 years$713$391$204$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $730,000, adding $6,646 every year, while hoping to spend $27,132 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: 39/32/29 Blend
40$730,000$730,000$730,000$730,000
41$811,315$772,625$761,310$835,771
42$865,201$781,616$757,946$863,268
43$923,674$790,137$753,560$890,004
44$987,173$798,138$748,088$918,402
45$1,056,182$805,564$741,466$948,631
46$1,131,231$812,356$733,624$980,880
47$1,212,906$818,450$724,490$1,015,358
48$1,301,850$823,782$713,988$1,052,296
49$1,398,771$828,280$702,039$1,091,950
50$1,504,448$831,868$688,559$1,134,606
51$1,619,739$834,466$673,463$1,180,579
52$1,745,587$835,990$656,659$1,230,220
53$1,883,032$836,348$638,052$1,283,915
54$2,033,217$835,445$617,542$1,342,094
55$2,197,401$833,178$595,026$1,405,234
56$2,376,972$829,439$570,395$1,473,861
57$2,573,454$824,113$543,535$1,548,559
58$2,788,530$817,078$514,327$1,629,973
59$3,024,051$808,205$482,647$1,718,819
60$3,282,053$797,357$448,365$1,815,887
61$3,564,783$784,387$411,345$1,922,054
62$3,874,711$769,143$371,446$2,038,286
63$4,214,562$751,461$328,520$2,165,656
64$4,587,333$731,169$282,411$2,305,348
65$4,996,328$708,083$232,959$2,458,672
66$5,445,185$682,010$179,994$2,627,076
67$5,937,910$652,745$123,340$2,812,161
68$6,478,919$620,072$62,815$3,015,696
69$7,073,075$583,761$0$3,239,638
70$7,725,733$543,570$0$3,486,696
71$8,442,796$499,243$0$3,779,487
72$9,230,763$450,508$0$4,101,256
73$10,096,797$397,080$0$4,454,985
74$11,048,789$338,655$0$4,843,962
75$12,095,431$274,914$0$5,271,815
76$13,246,299$205,519$0$5,742,548
77$14,511,945$130,114$0$6,260,573
78$15,903,996$48,321$0$6,830,761
79$17,435,258$0$0$7,458,481
80$19,119,843$0$0$8,163,834
81$20,973,302$0$0$8,958,728
82$23,012,765$0$0$9,833,511
83$25,257,109$0$0$10,796,292
84$27,727,134$0$0$11,856,010
85$30,445,755$0$0$13,022,511
86$33,438,225$0$0$14,306,647
87$36,732,368$0$0$15,720,374
88$40,358,842$0$0$17,276,867
89$44,351,429$0$0$18,990,641
90$48,747,353$0$0$20,877,694
91$53,587,632$0$0$22,955,651
92$58,917,463$0$0$25,243,936
93$64,786,649$0$0$27,763,950
94$71,250,070$0$0$30,539,278
95$78,368,199$0$0$33,595,905
96$86,207,670$0$0$36,962,471
97$94,841,915$0$0$40,670,528
98$104,351,845$0$0$44,754,852
99$114,826,625$0$0$49,253,757
100$126,364,504$0$0$54,209,470