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%17.2%
1 years$60,283$59,746$59,222$58,711$58,211$56,506
2 years$29,843$29,287$28,748$28,226$27,720$26,016
3 years$19,698$19,139$18,602$18,085$17,586$15,937
4 years$14,626$14,070$13,538$13,029$12,543$10,961
5 years$11,584$11,031$10,506$10,008$9,535$8,024
6 years$9,556$9,007$8,490$8,003$7,545$6,107
7 years$8,109$7,564$7,055$6,580$6,136$4,770
8 years$7,024$6,484$5,984$5,520$5,090$3,797
9 years$6,180$5,646$5,154$4,702$4,287$3,064
10 years$5,505$4,976$4,493$4,053$3,652$2,499
11 years$4,954$4,430$3,956$3,527$3,141$2,054
12 years$4,495$3,976$3,510$3,094$2,722$1,700
13 years$4,106$3,593$3,136$2,731$2,374$1,414
14 years$3,774$3,266$2,818$2,425$2,081$1,182
15 years$3,486$2,984$2,544$2,162$1,832$991
16 years$3,234$2,738$2,307$1,936$1,619$833
17 years$3,012$2,521$2,099$1,740$1,436$702
18 years$2,815$2,330$1,916$1,568$1,277$592
19 years$2,639$2,159$1,754$1,417$1,138$501
20 years$2,481$2,006$1,610$1,283$1,016$424
21 years$2,338$1,869$1,481$1,164$910$360
22 years$2,208$1,745$1,365$1,059$815$305
23 years$2,090$1,632$1,260$964$732$259
24 years$1,982$1,529$1,165$879$658$220
25 years$1,882$1,435$1,079$803$592$187
26 years$1,790$1,348$1,001$734$533$159
27 years$1,706$1,269$930$672$481$136
28 years$1,627$1,196$864$616$434$116
29 years$1,554$1,128$804$565$392$98
30 years$1,486$1,065$749$518$354$84
31 years$1,422$1,007$698$476$320$71
32 years$1,363$953$652$437$289$61
33 years$1,307$902$608$402$262$52
34 years$1,255$855$568$370$237$44
35 years$1,206$811$531$341$215$38
36 years$1,159$770$497$314$195$32
37 years$1,116$731$465$289$176$27
38 years$1,074$695$436$266$160$23
39 years$1,035$661$408$246$145$20
40 years$998$629$383$227$132$17
41 years$963$598$359$209$119$15
42 years$929$570$337$193$108$12
43 years$898$543$316$178$98$11
44 years$867$518$296$164$89$9
45 years$839$494$278$152$81$8
46 years$811$471$261$140$74$7
47 years$785$449$246$130$67$6
48 years$760$429$231$120$61$5
49 years$736$410$217$111$55$4
50 years$713$391$204$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $730,000, adding $4,548 every year, while hoping to spend $54,240 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: 55/18/27 Blend
40$730,000$730,000$730,000$730,000
41$809,151$770,461$759,146$847,394
42$833,974$750,503$726,867$854,279
43$859,510$727,749$691,688$855,778
44$885,776$702,004$653,455$856,307
45$912,787$673,064$612,008$855,791
46$940,558$640,711$567,177$854,152
47$969,104$604,715$518,786$851,305
48$998,438$564,832$466,651$847,163
49$1,028,575$520,804$410,580$841,631
50$1,059,527$472,361$350,372$834,611
51$1,091,306$419,214$285,817$825,996
52$1,123,924$361,060$216,696$815,674
53$1,157,390$297,578$142,781$803,529
54$1,191,712$228,428$63,833$789,434
55$1,226,898$153,252$0$773,256
56$1,262,951$71,671$0$760,737
57$1,299,876$0$0$765,853
58$1,337,673$0$0$773,426
59$1,376,339$0$0$795,685
60$1,415,869$0$0$818,431
61$1,456,254$0$0$841,657
62$1,497,481$0$0$865,354
63$1,539,534$0$0$889,510
64$1,582,388$0$0$914,111
65$1,626,018$0$0$939,138
66$1,670,387$0$0$964,569
67$1,715,456$0$0$990,378
68$1,761,174$0$0$1,016,533
69$1,807,484$0$0$1,042,997
70$1,854,318$0$0$1,069,729
71$1,901,596$0$0$1,096,678
72$1,949,228$0$0$1,123,788
73$1,997,110$0$0$1,150,993
74$2,045,120$0$0$1,178,219
75$2,093,124$0$0$1,205,382
76$2,140,964$0$0$1,232,386
77$2,188,467$0$0$1,259,122
78$2,235,431$0$0$1,285,467
79$2,281,635$0$0$1,311,283
80$2,326,824$0$0$1,336,417
81$2,370,714$0$0$1,360,692
82$2,412,988$0$0$1,383,914
83$2,453,289$0$0$1,405,864
84$2,491,216$0$0$1,426,298
85$2,526,325$0$0$1,444,943
86$2,558,116$0$0$1,461,495
87$2,586,035$0$0$1,475,613
88$2,609,461$0$0$1,486,921
89$2,627,706$0$0$1,494,997
90$2,640,002$0$0$1,499,373
91$2,645,497$0$0$1,499,531
92$2,643,243$0$0$1,494,892
93$2,632,188$0$0$1,484,815
94$2,611,165$0$0$1,468,591
95$2,578,878$0$0$1,445,429
96$2,533,891$0$0$1,414,457
97$2,474,612$0$0$1,374,706
98$2,399,278$0$0$1,325,104
99$2,305,937$0$0$1,264,463
100$2,192,425$0$0$1,191,469