Can I retire at age 41 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$61,109$60,564$60,033$59,515$59,009$58,392
2 years$30,252$29,688$29,142$28,613$28,099$27,479
3 years$19,967$19,402$18,857$18,333$17,827$17,222
4 years$14,826$14,262$13,723$13,208$12,715$12,129
5 years$11,743$11,182$10,650$10,145$9,665$9,101
6 years$9,687$9,131$8,607$8,113$7,648$7,105
7 years$8,220$7,668$7,152$6,670$6,220$5,699
8 years$7,120$6,573$6,066$5,595$5,160$4,662
9 years$6,265$5,723$5,224$4,766$4,345$3,869
10 years$5,581$5,044$4,555$4,108$3,703$3,248
11 years$5,022$4,491$4,010$3,575$3,184$2,751
12 years$4,556$4,031$3,559$3,136$2,759$2,347
13 years$4,163$3,643$3,179$2,769$2,406$2,014
14 years$3,826$3,311$2,857$2,458$2,109$1,737
15 years$3,534$3,025$2,579$2,192$1,857$1,504
16 years$3,278$2,775$2,338$1,963$1,641$1,307
17 years$3,054$2,556$2,128$1,763$1,455$1,139
18 years$2,854$2,362$1,942$1,589$1,294$996
19 years$2,675$2,189$1,778$1,436$1,153$872
20 years$2,515$2,034$1,632$1,301$1,030$765
21 years$2,370$1,894$1,501$1,180$922$672
22 years$2,238$1,768$1,383$1,073$826$591
23 years$2,119$1,654$1,277$977$742$521
24 years$2,009$1,550$1,181$891$667$459
25 years$1,908$1,454$1,094$814$600$405
26 years$1,815$1,367$1,015$744$540$358
27 years$1,729$1,286$942$681$487$317
28 years$1,649$1,212$876$624$440$280
29 years$1,575$1,143$815$572$397$248
30 years$1,506$1,080$759$525$359$220
31 years$1,442$1,021$708$483$324$195
32 years$1,382$966$661$443$293$172
33 years$1,325$915$617$408$266$153
34 years$1,272$867$576$375$240$136
35 years$1,222$822$539$345$218$120
36 years$1,175$780$504$318$197$107
37 years$1,131$741$472$293$179$95
38 years$1,089$704$442$270$162$84
39 years$1,049$670$414$249$147$75
40 years$1,012$637$388$230$133$66
41 years$976$607$364$212$121$59
42 years$942$578$341$196$110$52
43 years$910$551$320$181$100$46
44 years$879$525$301$167$90$41
45 years$850$500$282$154$82$37
46 years$822$477$265$142$75$33
47 years$796$456$249$131$68$29
48 years$770$435$234$121$61$26
49 years$746$415$220$112$56$23
50 years$722$397$207$104$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $740,000, adding $4,524 every year, while hoping to spend $30,495 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: 63/23/14 Blend
40$740,000$740,000$740,000$740,000
41$820,147$780,927$769,457$868,767
42$871,355$786,745$762,787$907,735
43$926,765$791,827$754,872$946,367
44$986,772$796,104$745,637$987,808
45$1,051,812$799,503$735,006$1,032,332
46$1,122,365$801,947$722,896$1,080,242
47$1,198,958$803,353$709,225$1,131,871
48$1,282,169$803,635$693,901$1,187,587
49$1,372,636$802,700$676,833$1,247,799
50$1,471,062$800,448$657,924$1,312,954
51$1,578,217$796,777$637,071$1,383,550
52$1,694,950$791,574$614,168$1,460,133
53$1,822,197$784,723$589,104$1,543,307
54$1,960,985$776,099$561,764$1,633,741
55$2,112,447$765,569$532,024$1,732,170
56$2,277,828$752,994$499,758$1,839,408
57$2,458,501$738,224$464,834$1,956,352
58$2,655,974$721,104$427,113$2,083,992
59$2,871,911$701,466$386,449$2,223,421
60$3,108,142$679,133$342,691$2,375,846
61$3,366,683$653,921$295,681$2,542,599
62$3,649,752$625,630$245,253$2,725,148
63$3,959,794$594,053$191,236$2,925,116
64$4,299,499$558,968$133,449$3,144,291
65$4,671,833$520,142$71,704$3,384,648
66$5,080,058$477,328$5,805$3,648,365
67$5,527,772$430,265$0$3,937,847
68$6,018,932$378,675$0$4,265,382
69$6,557,902$322,269$0$4,625,810
70$7,149,486$260,738$0$5,021,525
71$7,798,975$193,756$0$5,456,122
72$8,512,200$120,980$0$5,933,565
73$9,295,582$42,046$0$6,458,224
74$10,156,197$0$0$7,034,920
75$11,101,836$0$0$7,679,955
76$12,141,087$0$0$8,400,595
77$13,283,407$0$0$9,192,766
78$14,539,218$0$0$10,063,700
79$15,920,000$0$0$11,021,367
80$17,438,402$0$0$12,074,548
81$19,108,359$0$0$13,232,917
82$20,945,226$0$0$14,507,133
83$22,965,920$0$0$15,908,940
84$25,189,080$0$0$17,451,276
85$27,635,241$0$0$19,148,399
86$30,327,033$0$0$21,016,016
87$33,289,387$0$0$23,071,437
88$36,549,775$0$0$25,333,732
89$40,138,465$0$0$27,823,915
90$44,088,811$0$0$30,565,140
91$48,437,564$0$0$33,582,920
92$53,225,217$0$0$36,905,368
93$58,496,393$0$0$40,563,461
94$64,300,258$0$0$44,591,332
95$70,690,989$0$0$49,026,594
96$77,728,287$0$0$53,910,692
97$85,477,934$0$0$59,289,294
98$94,012,418$0$0$65,212,724
99$103,411,614$0$0$71,736,435
100$113,763,542$0$0$78,921,534