Can I retire at age 41 with 360,000?

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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$29,728$29,464$29,205$28,953$28,707$28,454
2 years$14,717$14,443$14,177$13,920$13,670$13,416
3 years$9,714$9,439$9,174$8,919$8,673$8,424
4 years$7,213$6,938$6,676$6,425$6,186$5,945
5 years$5,713$5,440$5,181$4,935$4,702$4,470
6 years$4,713$4,442$4,187$3,947$3,721$3,497
7 years$3,999$3,730$3,479$3,245$3,026$2,812
8 years$3,464$3,198$2,951$2,722$2,510$2,305
9 years$3,048$2,784$2,542$2,319$2,114$1,918
10 years$2,715$2,454$2,216$1,999$1,801$1,614
11 years$2,443$2,185$1,951$1,739$1,549$1,370
12 years$2,217$1,961$1,731$1,526$1,342$1,172
13 years$2,025$1,772$1,547$1,347$1,171$1,008
14 years$1,861$1,611$1,390$1,196$1,026$872
15 years$1,719$1,471$1,255$1,066$904$757
16 years$1,595$1,350$1,138$955$799$660
17 years$1,486$1,243$1,035$858$708$577
18 years$1,388$1,149$945$773$630$505
19 years$1,302$1,065$865$699$561$444
20 years$1,224$989$794$633$501$390
21 years$1,153$922$730$574$449$344
22 years$1,089$860$673$522$402$304
23 years$1,031$805$621$475$361$268
24 years$977$754$575$434$324$237
25 years$928$707$532$396$292$210
26 years$883$665$494$362$263$186
27 years$841$626$458$331$237$165
28 years$802$590$426$304$214$147
29 years$766$556$397$278$193$130
30 years$733$525$369$256$175$116
31 years$701$497$344$235$158$103
32 years$672$470$321$216$143$91
33 years$645$445$300$198$129$81
34 years$619$422$280$183$117$72
35 years$595$400$262$168$106$64
36 years$572$380$245$155$96$57
37 years$550$361$229$143$87$51
38 years$530$343$215$131$79$45
39 years$510$326$201$121$72$40
40 years$492$310$189$112$65$36
41 years$475$295$177$103$59$32
42 years$458$281$166$95$53$29
43 years$443$268$156$88$48$26
44 years$428$255$146$81$44$23
45 years$414$243$137$75$40$20
46 years$400$232$129$69$36$18
47 years$387$222$121$64$33$16
48 years$375$212$114$59$30$14
49 years$363$202$107$55$27$13
50 years$351$193$101$50$25$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $360,000, adding $4,241 every year, while hoping to spend $24,696 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: 71/13/16 Blend
40$360,000$360,000$360,000$360,000
41$401,095$382,015$376,435$427,799
42$415,730$374,457$362,769$438,539
43$431,030$365,701$347,817$446,913
44$447,038$355,663$331,512$455,444
45$463,797$344,252$313,779$464,143
46$481,357$331,373$294,543$473,022
47$499,772$316,927$273,727$482,096
48$519,098$300,805$251,246$491,383
49$539,398$282,897$227,015$500,901
50$560,741$263,084$200,944$510,674
51$583,200$241,238$172,939$520,725
52$606,856$217,228$142,902$531,085
53$631,795$190,912$110,730$541,784
54$658,115$162,143$76,315$552,861
55$685,918$130,764$39,547$564,357
56$715,318$96,608$309$576,318
57$746,439$59,500$0$588,798
58$779,417$19,257$0$608,952
59$814,399$0$0$630,270
60$851,546$0$0$656,276
61$891,037$0$0$686,859
62$933,063$0$0$719,416
63$977,837$0$0$754,113
64$1,025,590$0$0$791,131
65$1,076,576$0$0$830,667
66$1,131,074$0$0$872,940
67$1,189,388$0$0$918,187
68$1,251,853$0$0$966,670
69$1,318,836$0$0$1,018,675
70$1,390,739$0$0$1,074,517
71$1,468,003$0$0$1,134,541
72$1,551,113$0$0$1,199,126
73$1,640,603$0$0$1,268,687
74$1,737,055$0$0$1,343,682
75$1,841,112$0$0$1,424,613
76$1,953,480$0$0$1,512,031
77$2,074,933$0$0$1,606,541
78$2,206,324$0$0$1,708,811
79$2,348,589$0$0$1,819,572
80$2,502,757$0$0$1,939,629
81$2,669,961$0$0$2,069,867
82$2,851,445$0$0$2,211,260
83$3,048,578$0$0$2,364,879
84$3,262,868$0$0$2,531,900
85$3,495,969$0$0$2,713,621
86$3,749,707$0$0$2,911,467
87$4,026,085$0$0$3,127,006
88$4,327,313$0$0$3,361,965
89$4,655,818$0$0$3,618,244
90$5,014,275$0$0$3,897,935
91$5,405,627$0$0$4,203,339
92$5,833,114$0$0$4,536,989
93$6,300,302$0$0$4,901,678
94$6,811,117$0$0$5,300,474
95$7,369,884$0$0$5,736,761
96$7,981,362$0$0$6,214,262
97$8,650,793$0$0$6,737,076
98$9,383,948$0$0$7,309,721
99$10,187,185$0$0$7,937,166
100$11,067,504$0$0$8,624,890