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%19.3%
1 years$60,283$59,746$59,222$58,711$58,211$56,034
2 years$29,843$29,287$28,748$28,226$27,720$25,552
3 years$19,698$19,139$18,602$18,085$17,586$15,495
4 years$14,626$14,070$13,538$13,029$12,543$10,544
5 years$11,584$11,031$10,506$10,008$9,535$7,634
6 years$9,556$9,007$8,490$8,003$7,545$5,743
7 years$8,109$7,564$7,055$6,580$6,136$4,433
8 years$7,024$6,484$5,984$5,520$5,090$3,485
9 years$6,180$5,646$5,154$4,702$4,287$2,776
10 years$5,505$4,976$4,493$4,053$3,652$2,234
11 years$4,954$4,430$3,956$3,527$3,141$1,812
12 years$4,495$3,976$3,510$3,094$2,722$1,479
13 years$4,106$3,593$3,136$2,731$2,374$1,213
14 years$3,774$3,266$2,818$2,425$2,081$999
15 years$3,486$2,984$2,544$2,162$1,832$825
16 years$3,234$2,738$2,307$1,936$1,619$683
17 years$3,012$2,521$2,099$1,740$1,436$567
18 years$2,815$2,330$1,916$1,568$1,277$471
19 years$2,639$2,159$1,754$1,417$1,138$392
20 years$2,481$2,006$1,610$1,283$1,016$327
21 years$2,338$1,869$1,481$1,164$910$273
22 years$2,208$1,745$1,365$1,059$815$227
23 years$2,090$1,632$1,260$964$732$190
24 years$1,982$1,529$1,165$879$658$159
25 years$1,882$1,435$1,079$803$592$133
26 years$1,790$1,348$1,001$734$533$111
27 years$1,706$1,269$930$672$481$93
28 years$1,627$1,196$864$616$434$78
29 years$1,554$1,128$804$565$392$65
30 years$1,486$1,065$749$518$354$55
31 years$1,422$1,007$698$476$320$46
32 years$1,363$953$652$437$289$38
33 years$1,307$902$608$402$262$32
34 years$1,255$855$568$370$237$27
35 years$1,206$811$531$341$215$23
36 years$1,159$770$497$314$195$19
37 years$1,116$731$465$289$176$16
38 years$1,074$695$436$266$160$13
39 years$1,035$661$408$246$145$11
40 years$998$629$383$227$132$9
41 years$963$598$359$209$119$8
42 years$929$570$337$193$108$7
43 years$898$543$316$178$98$5
44 years$867$518$296$164$89$5
45 years$839$494$278$152$81$4
46 years$811$471$261$140$74$3
47 years$785$449$246$130$67$3
48 years$760$429$231$120$61$2
49 years$736$410$217$111$55$2
50 years$713$391$204$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $730,000, adding $4,653 every year, while hoping to spend $32,784 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: 74/20/6 Blend
40$730,000$730,000$730,000$730,000
41$809,260$770,570$759,255$868,263
42$856,922$773,446$749,808$910,612
43$908,347$775,364$738,946$952,373
44$963,885$776,242$726,586$997,180
45$1,023,918$775,995$712,644$1,045,321
46$1,088,868$774,530$697,028$1,097,116
47$1,159,200$771,749$679,645$1,152,918
48$1,235,422$767,548$660,397$1,213,113
49$1,318,096$761,819$639,181$1,278,129
50$1,407,837$754,443$615,889$1,348,438
51$1,505,323$745,298$590,408$1,424,561
52$1,611,300$734,252$562,621$1,507,069
53$1,726,589$721,166$532,405$1,596,597
54$1,852,092$705,894$499,631$1,693,840
55$1,988,802$688,279$464,165$1,799,569
56$2,137,811$668,157$425,867$1,914,630
57$2,300,324$645,352$384,589$2,039,960
58$2,477,663$619,680$340,179$2,176,589
59$2,671,286$590,946$292,477$2,325,656
60$2,882,797$558,942$241,314$2,488,414
61$3,113,962$523,450$186,518$2,666,248
62$3,366,725$484,238$127,905$2,860,683
63$3,643,226$441,061$65,285$3,073,401
64$3,945,824$393,661$0$3,306,259
65$4,277,112$341,765$0$3,561,401
66$4,639,949$285,083$0$3,845,452
67$5,037,483$223,311$0$4,156,732
68$5,473,179$156,127$0$4,497,999
69$5,950,856$83,189$0$4,872,294
70$6,474,717$4,139$0$5,282,972
71$7,049,393$0$0$5,733,728
72$7,679,985$0$0$6,246,554
73$8,372,112$0$0$6,810,456
74$9,131,961$0$0$7,429,568
75$9,966,352$0$0$8,109,449
76$10,882,792$0$0$8,856,223
77$11,889,555$0$0$9,676,637
78$12,995,754$0$0$10,578,120
79$14,211,430$0$0$11,568,860
80$15,547,643$0$0$12,657,876
81$17,016,580$0$0$13,855,106
82$18,631,665$0$0$15,171,496
83$20,407,689$0$0$16,619,107
84$22,360,950$0$0$18,211,229
85$24,509,400$0$0$19,962,501
86$26,872,823$0$0$21,889,056
87$29,473,014$0$0$24,008,667
88$32,333,989$0$0$26,340,915
89$35,482,207$0$0$28,907,380
90$38,946,822$0$0$31,731,833
91$42,759,960$0$0$34,840,472
92$46,957,015$0$0$38,262,160
93$51,576,989$0$0$42,028,701
94$56,662,857$0$0$46,175,139
95$62,261,972$0$0$50,740,088
96$68,426,510$0$0$55,766,096
97$75,213,967$0$0$61,300,049
98$82,687,695$0$0$67,393,609
99$90,917,503$0$0$74,103,701
100$99,980,315$0$0$81,493,055