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%11.6%
1 years$61,109$60,564$60,033$59,515$59,009$58,612
2 years$30,252$29,688$29,142$28,613$28,099$27,700
3 years$19,967$19,402$18,857$18,333$17,827$17,437
4 years$14,826$14,262$13,723$13,208$12,715$12,336
5 years$11,743$11,182$10,650$10,145$9,665$9,300
6 years$9,687$9,131$8,607$8,113$7,648$7,296
7 years$8,220$7,668$7,152$6,670$6,220$5,881
8 years$7,120$6,573$6,066$5,595$5,160$4,835
9 years$6,265$5,723$5,224$4,766$4,345$4,035
10 years$5,581$5,044$4,555$4,108$3,703$3,405
11 years$5,022$4,491$4,010$3,575$3,184$2,900
12 years$4,556$4,031$3,559$3,136$2,759$2,488
13 years$4,163$3,643$3,179$2,769$2,406$2,148
14 years$3,826$3,311$2,857$2,458$2,109$1,864
15 years$3,534$3,025$2,579$2,192$1,857$1,624
16 years$3,278$2,775$2,338$1,963$1,641$1,420
17 years$3,054$2,556$2,128$1,763$1,455$1,245
18 years$2,854$2,362$1,942$1,589$1,294$1,095
19 years$2,675$2,189$1,778$1,436$1,153$965
20 years$2,515$2,034$1,632$1,301$1,030$852
21 years$2,370$1,894$1,501$1,180$922$754
22 years$2,238$1,768$1,383$1,073$826$668
23 years$2,119$1,654$1,277$977$742$592
24 years$2,009$1,550$1,181$891$667$526
25 years$1,908$1,454$1,094$814$600$467
26 years$1,815$1,367$1,015$744$540$416
27 years$1,729$1,286$942$681$487$370
28 years$1,649$1,212$876$624$440$330
29 years$1,575$1,143$815$572$397$294
30 years$1,506$1,080$759$525$359$262
31 years$1,442$1,021$708$483$324$234
32 years$1,382$966$661$443$293$209
33 years$1,325$915$617$408$266$187
34 years$1,272$867$576$375$240$167
35 years$1,222$822$539$345$218$149
36 years$1,175$780$504$318$197$133
37 years$1,131$741$472$293$179$119
38 years$1,089$704$442$270$162$107
39 years$1,049$670$414$249$147$95
40 years$1,012$637$388$230$133$85
41 years$976$607$364$212$121$76
42 years$942$578$341$196$110$68
43 years$910$551$320$181$100$61
44 years$879$525$301$167$90$55
45 years$850$500$282$154$82$49
46 years$822$477$265$142$75$44
47 years$796$456$249$131$68$39
48 years$770$435$234$121$61$35
49 years$746$415$220$112$56$32
50 years$722$397$207$104$51$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $740,000, adding $2,228 every year, while hoping to spend $35,874 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: 69/7/24 Blend
40$740,000$740,000$740,000$740,000
41$817,778$778,558$767,088$869,072
42$863,022$778,538$754,616$903,692
43$911,678$777,314$740,524$937,202
44$964,057$774,790$724,719$973,026
45$1,020,499$770,864$707,106$1,011,391
46$1,081,379$765,425$687,582$1,052,549
47$1,147,108$758,358$666,044$1,096,778
48$1,218,136$749,542$642,380$1,144,385
49$1,294,962$738,845$616,476$1,195,709
50$1,378,130$726,130$588,209$1,251,125
51$1,468,239$711,251$557,455$1,311,048
52$1,565,951$694,053$524,081$1,375,935
53$1,671,990$674,374$487,949$1,446,292
54$1,787,153$652,038$448,916$1,522,677
55$1,912,319$626,864$406,831$1,605,706
56$2,048,452$598,657$361,536$1,696,060
57$2,196,615$567,212$312,868$1,794,491
58$2,357,975$532,311$260,655$1,901,829
59$2,533,820$493,726$204,718$2,018,992
60$2,725,564$451,213$144,871$2,146,990
61$2,934,764$404,515$80,917$2,286,942
62$3,163,135$353,361$12,653$2,440,080
63$3,412,565$297,466$0$2,607,766
64$3,685,130$236,525$0$2,806,917
65$3,983,118$170,220$0$3,028,237
66$4,309,047$98,212$0$3,270,372
67$4,665,690$20,144$0$3,535,403
68$5,056,100$0$0$3,825,624
69$5,483,639$0$0$4,148,519
70$5,952,009$0$0$4,503,992
71$6,465,287$0$0$4,893,592
72$7,027,964$0$0$5,320,732
73$7,644,986$0$0$5,789,173
74$8,321,799$0$0$6,303,054
75$9,064,403$0$0$6,866,939
76$9,879,407$0$0$7,485,850
77$10,774,090$0$0$8,165,322
78$11,756,471$0$0$8,911,451
79$12,835,383$0$0$9,730,954
80$14,020,555$0$0$10,631,228
81$15,322,708$0$0$11,620,423
82$16,753,651$0$0$12,707,517
83$18,326,392$0$0$13,902,402
84$20,055,265$0$0$15,215,975
85$21,956,060$0$0$16,660,242
86$24,046,173$0$0$18,248,429
87$26,344,772$0$0$19,995,110
88$28,872,973$0$0$21,916,340
89$31,654,043$0$0$24,029,810
90$34,713,618$0$0$26,355,012
91$38,079,941$0$0$28,913,420
92$41,784,133$0$0$31,728,697
93$45,860,484$0$0$34,826,914
94$50,346,776$0$0$38,236,800
95$55,284,638$0$0$41,990,006
96$60,719,940$0$0$46,121,410
97$66,703,226$0$0$50,669,443
98$73,290,187$0$0$55,676,450
99$80,542,189$0$0$61,189,092
100$88,526,853$0$0$67,258,783