Can I retire at age 41 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$45,418$45,014$44,619$44,234$43,858$42,151
2 years$22,484$22,066$21,660$21,266$20,885$19,186
3 years$14,841$14,420$14,015$13,626$13,250$11,612
4 years$11,020$10,600$10,200$9,816$9,450$7,886
5 years$8,728$8,311$7,915$7,540$7,184$5,698
6 years$7,200$6,786$6,397$6,030$5,684$4,277
7 years$6,109$5,699$5,316$4,957$4,623$3,294
8 years$5,292$4,885$4,508$4,159$3,835$2,583
9 years$4,656$4,254$3,883$3,542$3,230$2,053
10 years$4,148$3,749$3,385$3,053$2,752$1,648
11 years$3,732$3,338$2,980$2,657$2,367$1,333
12 years$3,386$2,996$2,645$2,331$2,051$1,085
13 years$3,094$2,707$2,363$2,058$1,788$887
14 years$2,843$2,461$2,123$1,827$1,568$729
15 years$2,626$2,248$1,917$1,629$1,380$600
16 years$2,437$2,063$1,738$1,459$1,220$495
17 years$2,270$1,900$1,582$1,311$1,082$410
18 years$2,121$1,755$1,444$1,181$962$340
19 years$1,989$1,627$1,322$1,067$857$282
20 years$1,869$1,512$1,213$967$766$234
21 years$1,762$1,408$1,116$877$685$195
22 years$1,664$1,314$1,028$798$614$162
23 years$1,575$1,229$949$726$551$135
24 years$1,493$1,152$878$663$496$112
25 years$1,418$1,081$813$605$446$94
26 years$1,349$1,016$754$553$402$78
27 years$1,285$956$700$506$362$65
28 years$1,226$901$651$464$327$54
29 years$1,171$850$606$425$295$45
30 years$1,120$803$564$390$267$38
31 years$1,072$759$526$359$241$32
32 years$1,027$718$491$330$218$26
33 years$985$680$458$303$197$22
34 years$946$644$428$279$179$18
35 years$908$611$400$257$162$15
36 years$874$580$375$236$147$13
37 years$841$551$351$218$133$11
38 years$809$524$328$201$120$9
39 years$780$498$308$185$109$7
40 years$752$474$288$171$99$6
41 years$725$451$270$158$90$5
42 years$700$429$254$145$82$4
43 years$676$409$238$134$74$4
44 years$653$390$223$124$67$3
45 years$632$372$210$114$61$3
46 years$611$355$197$106$55$2
47 years$591$339$185$98$50$2
48 years$572$323$174$90$46$1
49 years$554$309$163$83$41$1
50 years$537$295$154$77$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $550,000, adding $4,151 every year, while hoping to spend $33,086 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: 36/38/26 Blend
40$550,000$550,000$550,000$550,000
41$610,382$581,232$572,707$627,459
42$637,437$574,509$556,689$633,738
43$666,144$566,348$539,026$637,198
44$696,635$556,643$519,628$640,286
45$729,055$545,282$498,399$642,991
46$763,566$532,148$475,243$645,302
47$800,342$517,115$450,055$647,211
48$839,574$500,051$422,729$648,713
49$881,471$480,814$393,151$649,805
50$926,265$459,258$361,205$650,486
51$974,206$435,224$326,768$650,762
52$1,025,571$408,546$289,711$650,642
53$1,080,663$379,049$249,900$650,139
54$1,139,816$346,546$207,196$649,275
55$1,203,392$310,843$161,453$648,076
56$1,271,794$271,730$112,518$646,579
57$1,345,461$228,989$60,231$644,826
58$1,424,877$182,388$4,427$642,874
59$1,510,571$131,682$0$640,788
60$1,603,128$76,612$0$653,941
61$1,703,187$16,907$0$669,440
62$1,811,453$0$0$686,219
63$1,928,701$0$0$724,420
64$2,055,781$0$0$773,552
65$2,193,629$0$0$826,916
66$2,343,275$0$0$884,918
67$2,505,850$0$0$948,007
68$2,682,600$0$0$1,016,675
69$2,874,895$0$0$1,091,463
70$3,084,242$0$0$1,172,970
71$3,312,300$0$0$1,261,851
72$3,560,894$0$0$1,358,829
73$3,832,033$0$0$1,464,699
74$4,127,928$0$0$1,580,336
75$4,451,012$0$0$1,706,706
76$4,803,965$0$0$1,844,868
77$5,189,737$0$0$1,995,991
78$5,611,573$0$0$2,161,361
79$6,073,051$0$0$2,342,395
80$6,578,105$0$0$2,540,653
81$7,131,072$0$0$2,757,852
82$7,736,724$0$0$2,995,883
83$8,400,318$0$0$3,256,832
84$9,127,644$0$0$3,542,991
85$9,925,078$0$0$3,856,888
86$10,799,643$0$0$4,201,306
87$11,759,072$0$0$4,579,313
88$12,811,886$0$0$4,994,284
89$13,967,469$0$0$5,449,941
90$15,236,158$0$0$5,950,381
91$16,629,339$0$0$6,500,119
92$18,159,556$0$0$7,104,129
93$19,840,627$0$0$7,767,890
94$21,687,774$0$0$8,497,436
95$23,717,767$0$0$9,299,419
96$25,949,082$0$0$10,181,165
97$28,402,072$0$0$11,150,744
98$31,099,162$0$0$12,217,051
99$34,065,057$0$0$13,389,881
100$37,326,978$0$0$14,680,032