Can I retire at age 41 with 350,000?

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 $350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$28,903$28,645$28,394$28,149$27,909$26,855
2 years$14,308$14,042$13,784$13,533$13,290$12,240
3 years$9,444$9,176$8,919$8,671$8,432$7,419
4 years$7,012$6,746$6,491$6,247$6,014$5,046
5 years$5,554$5,289$5,037$4,798$4,572$3,652
6 years$4,582$4,319$4,071$3,837$3,617$2,746
7 years$3,888$3,627$3,383$3,155$2,942$2,118
8 years$3,367$3,109$2,869$2,646$2,441$1,664
9 years$2,963$2,707$2,471$2,254$2,055$1,325
10 years$2,640$2,386$2,154$1,943$1,751$1,066
11 years$2,375$2,124$1,897$1,691$1,506$864
12 years$2,155$1,906$1,683$1,483$1,305$704
13 years$1,969$1,723$1,504$1,310$1,138$577
14 years$1,809$1,566$1,351$1,162$998$475
15 years$1,671$1,431$1,220$1,037$878$392
16 years$1,551$1,313$1,106$928$776$324
17 years$1,444$1,209$1,006$834$688$269
18 years$1,350$1,117$919$752$612$223
19 years$1,265$1,035$841$679$546$186
20 years$1,190$962$772$615$487$155
21 years$1,121$896$710$558$436$129
22 years$1,059$836$654$508$391$108
23 years$1,002$782$604$462$351$90
24 years$950$733$559$422$315$75
25 years$902$688$518$385$284$63
26 years$858$646$480$352$256$52
27 years$818$608$446$322$230$44
28 years$780$573$414$295$208$37
29 years$745$541$386$271$188$31
30 years$712$511$359$248$170$26
31 years$682$483$335$228$153$21
32 years$654$457$312$210$139$18
33 years$627$433$292$193$126$15
34 years$602$410$273$177$114$13
35 years$578$389$255$163$103$11
36 years$556$369$238$150$93$9
37 years$535$351$223$139$85$7
38 years$515$333$209$128$77$6
39 years$496$317$196$118$70$5
40 years$479$301$183$109$63$4
41 years$462$287$172$100$57$4
42 years$446$273$161$93$52$3
43 years$430$260$151$85$47$3
44 years$416$248$142$79$43$2
45 years$402$237$133$73$39$2
46 years$389$226$125$67$35$1
47 years$376$215$118$62$32$1
48 years$364$206$111$57$29$1
49 years$353$196$104$53$26$1
50 years$342$188$98$49$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $350,000, adding $2,686 every year, while hoping to spend $21,083 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: 49/30/21 Blend
40$350,000$350,000$350,000$350,000
41$388,471$369,921$364,496$405,090
42$405,662$365,615$354,274$412,607
43$423,901$360,391$343,003$418,416
44$443,272$354,182$330,626$424,288
45$463,866$346,918$317,083$430,237
46$485,785$338,522$302,310$436,280
47$509,140$328,915$286,243$442,438
48$534,053$318,011$268,812$448,735
49$560,655$305,723$249,946$455,199
50$589,092$291,954$229,570$461,862
51$619,525$276,605$207,606$468,763
52$652,128$259,570$183,972$475,945
53$687,092$240,736$158,582$483,457
54$724,630$219,986$131,349$491,356
55$764,970$197,194$102,177$499,709
56$808,368$172,227$70,971$508,589
57$855,102$144,947$37,629$518,081
58$905,477$115,204$2,044$528,280
59$959,830$82,843$0$539,296
60$1,018,530$47,700$0$559,300
61$1,081,983$9,600$0$581,394
62$1,150,633$0$0$605,300
63$1,224,973$0$0$641,668
64$1,305,539$0$0$684,549
65$1,392,926$0$0$731,093
66$1,487,783$0$0$781,651
67$1,590,829$0$0$836,609
68$1,702,851$0$0$896,393
69$1,824,717$0$0$961,470
70$1,957,380$0$0$1,032,355
71$2,101,892$0$0$1,109,613
72$2,259,406$0$0$1,193,869
73$2,431,195$0$0$1,285,807
74$2,618,659$0$0$1,386,184
75$2,823,338$0$0$1,495,829
76$3,046,927$0$0$1,615,659
77$3,291,295$0$0$1,746,679
78$3,558,495$0$0$1,890,000
79$3,850,792$0$0$2,046,841
80$4,170,677$0$0$2,218,549
81$4,520,894$0$0$2,406,603
82$4,904,465$0$0$2,612,634
83$5,324,717$0$0$2,838,437
84$5,785,314$0$0$3,085,992
85$6,290,293$0$0$3,357,474
86$6,844,099$0$0$3,655,285
87$7,451,626$0$0$3,982,065
88$8,118,269$0$0$4,340,726
89$8,849,966$0$0$4,734,474
90$9,653,261$0$0$5,166,841
91$10,535,361$0$0$5,641,717
92$11,504,205$0$0$6,163,388
93$12,568,539$0$0$6,736,574
94$13,738,000$0$0$7,366,479
95$15,023,200$0$0$8,058,831
96$16,435,835$0$0$8,819,943
97$17,988,787$0$0$9,656,771
98$19,696,249$0$0$10,576,977
99$21,573,860$0$0$11,589,003
100$23,638,848$0$0$12,702,151