Can I retire at age 41 with 310,000?

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 $310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$25,600$25,371$25,149$24,932$24,720$23,730
2 years$12,673$12,437$12,208$11,986$11,771$10,786
3 years$8,365$8,128$7,900$7,680$7,468$6,519
4 years$6,211$5,975$5,749$5,533$5,326$4,421
5 years$4,919$4,684$4,461$4,250$4,049$3,189
6 years$4,058$3,825$3,605$3,399$3,204$2,390
7 years$3,443$3,212$2,996$2,794$2,606$1,837
8 years$2,983$2,754$2,541$2,344$2,162$1,438
9 years$2,624$2,397$2,189$1,997$1,820$1,141
10 years$2,338$2,113$1,908$1,721$1,551$914
11 years$2,104$1,881$1,680$1,498$1,334$738
12 years$1,909$1,689$1,491$1,314$1,156$600
13 years$1,744$1,526$1,332$1,160$1,008$489
14 years$1,603$1,387$1,197$1,030$884$401
15 years$1,480$1,267$1,080$918$778$329
16 years$1,373$1,163$980$822$688$271
17 years$1,279$1,071$891$739$610$224
18 years$1,196$989$814$666$542$185
19 years$1,121$917$745$602$483$153
20 years$1,054$852$684$545$432$127
21 years$993$794$629$494$386$105
22 years$938$741$580$450$346$88
23 years$887$693$535$409$311$73
24 years$841$649$495$373$279$60
25 years$799$609$458$341$251$50
26 years$760$573$425$312$226$42
27 years$724$539$395$285$204$35
28 years$691$508$367$262$184$29
29 years$660$479$342$240$166$24
30 years$631$452$318$220$150$20
31 years$604$428$297$202$136$17
32 years$579$405$277$186$123$14
33 years$555$383$258$171$111$12
34 years$533$363$241$157$101$10
35 years$512$344$226$145$91$8
36 years$492$327$211$133$83$7
37 years$474$311$198$123$75$6
38 years$456$295$185$113$68$5
39 years$440$281$173$104$62$4
40 years$424$267$163$96$56$3
41 years$409$254$152$89$51$3
42 years$395$242$143$82$46$2
43 years$381$231$134$76$42$2
44 years$368$220$126$70$38$2
45 years$356$210$118$65$34$1
46 years$344$200$111$60$31$1
47 years$333$191$104$55$28$1
48 years$323$182$98$51$26$1
49 years$312$174$92$47$23$1
50 years$303$166$87$43$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $310,000, adding $3,286 every year, while hoping to spend $22,747 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: 34/37/29 Blend
40$310,000$310,000$310,000$310,000
41$345,010$328,580$323,775$353,628
42$355,998$320,477$310,418$352,322
43$367,345$311,216$295,852$348,661
44$379,062$300,714$280,012$344,277
45$391,164$288,886$262,830$339,122
46$403,664$275,642$244,235$333,144
47$416,575$260,886$224,155$326,290
48$429,913$244,517$202,511$318,503
49$443,693$226,428$179,224$309,723
50$457,932$206,504$154,210$299,887
51$472,645$184,628$127,381$288,929
52$487,852$160,671$98,645$276,779
53$503,570$134,502$67,907$263,363
54$519,819$105,977$35,067$248,604
55$536,620$74,949$21$232,421
56$553,993$41,259$0$214,728
57$571,961$4,742$0$207,002
58$590,548$0$0$198,339
59$609,778$0$0$202,830
60$629,679$0$0$209,479
61$650,277$0$0$216,364
62$671,602$0$0$223,494
63$693,684$0$0$230,881
64$716,556$0$0$238,537
65$740,253$0$0$246,472
66$764,811$0$0$254,701
67$790,269$0$0$263,236
68$816,669$0$0$272,092
69$844,054$0$0$281,285
70$872,470$0$0$290,831
71$901,969$0$0$300,747
72$932,602$0$0$311,053
73$964,426$0$0$321,768
74$997,503$0$0$332,914
75$1,031,897$0$0$344,515
76$1,067,678$0$0$356,595
77$1,104,919$0$0$369,180
78$1,143,702$0$0$382,299
79$1,184,112$0$0$395,984
80$1,226,243$0$0$410,268
81$1,270,193$0$0$425,186
82$1,316,071$0$0$440,777
83$1,363,992$0$0$457,084
84$1,414,082$0$0$474,152
85$1,466,477$0$0$492,029
86$1,521,323$0$0$510,770
87$1,578,779$0$0$530,432
88$1,639,018$0$0$551,077
89$1,702,226$0$0$572,774
90$1,768,606$0$0$595,597
91$1,838,378$0$0$619,627
92$1,911,782$0$0$644,951
93$1,989,080$0$0$671,665
94$2,070,553$0$0$699,873
95$2,156,513$0$0$729,689
96$2,247,296$0$0$761,237
97$2,343,269$0$0$794,652
98$2,444,834$0$0$830,081
99$2,552,429$0$0$867,688
100$2,666,533$0$0$907,647