Can I retire at age 41 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$48,722$48,288$47,864$47,451$47,047$45,414
2 years$24,120$23,670$23,235$22,813$22,404$20,775
3 years$15,920$15,469$15,035$14,616$14,214$12,641
4 years$11,821$11,371$10,941$10,530$10,137$8,633
5 years$9,362$8,915$8,491$8,088$7,706$6,273
6 years$7,724$7,280$6,862$6,468$6,098$4,738
7 years$6,554$6,114$5,702$5,318$4,959$3,672
8 years$5,677$5,241$4,836$4,461$4,114$2,898
9 years$4,995$4,563$4,165$3,800$3,465$2,319
10 years$4,450$4,022$3,631$3,276$2,952$1,875
11 years$4,004$3,580$3,197$2,851$2,539$1,527
12 years$3,633$3,214$2,837$2,500$2,200$1,252
13 years$3,319$2,904$2,535$2,208$1,919$1,032
14 years$3,050$2,640$2,278$1,960$1,682$854
15 years$2,817$2,412$2,056$1,748$1,481$709
16 years$2,614$2,213$1,864$1,565$1,309$590
17 years$2,435$2,038$1,697$1,406$1,160$492
18 years$2,275$1,883$1,549$1,267$1,032$411
19 years$2,133$1,745$1,418$1,145$920$344
20 years$2,005$1,622$1,301$1,037$821$288
21 years$1,890$1,510$1,197$941$735$242
22 years$1,785$1,410$1,103$856$659$203
23 years$1,689$1,319$1,018$779$591$170
24 years$1,602$1,236$942$711$532$143
25 years$1,521$1,159$872$649$478$120
26 years$1,447$1,090$809$593$431$101
27 years$1,378$1,026$751$543$389$85
28 years$1,315$966$698$498$351$72
29 years$1,256$912$650$456$317$60
30 years$1,201$861$605$419$286$51
31 years$1,150$814$564$385$259$43
32 years$1,102$770$527$354$234$36
33 years$1,057$729$492$325$212$30
34 years$1,014$691$459$299$192$26
35 years$975$656$430$275$174$22
36 years$937$622$402$254$157$18
37 years$902$591$376$234$143$15
38 years$868$562$352$215$129$13
39 years$837$534$330$199$117$11
40 years$807$508$309$183$106$9
41 years$778$484$290$169$96$8
42 years$751$461$272$156$88$7
43 years$725$439$255$144$79$6
44 years$701$418$240$133$72$5
45 years$678$399$225$123$65$4
46 years$655$381$211$113$59$3
47 years$634$363$199$105$54$3
48 years$614$347$187$97$49$2
49 years$595$331$175$89$45$2
50 years$576$316$165$83$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $590,000, adding $6,608 every year, while hoping to spend $41,388 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: 71/20/9 Blend
40$590,000$590,000$590,000$590,000
41$656,996$625,726$616,581$702,095
42$679,973$612,350$593,200$719,426
43$703,907$596,932$567,649$732,659
44$728,851$579,327$539,810$746,014
45$754,863$559,383$509,564$759,495
46$782,006$536,940$476,781$773,105
47$810,348$511,827$441,330$786,847
48$839,960$483,864$403,072$800,729
49$870,922$452,859$361,861$814,759
50$903,319$418,612$317,546$828,947
51$937,243$380,909$269,968$843,305
52$972,792$339,524$218,963$857,850
53$1,010,077$294,221$164,358$872,599
54$1,049,213$244,746$105,972$887,576
55$1,090,328$190,834$43,618$902,806
56$1,133,562$132,205$0$918,322
57$1,179,064$68,562$0$936,362
58$1,226,998$0$0$959,379
59$1,277,543$0$0$983,342
60$1,330,893$0$0$1,024,573
61$1,387,261$0$0$1,068,149
62$1,446,878$0$0$1,114,250
63$1,509,997$0$0$1,163,074
64$1,576,893$0$0$1,214,836
65$1,647,868$0$0$1,269,771
66$1,723,251$0$0$1,328,137
67$1,803,404$0$0$1,390,215
68$1,888,720$0$0$1,456,312
69$1,979,632$0$0$1,526,768
70$2,076,612$0$0$1,601,949
71$2,180,178$0$0$1,682,262
72$2,290,898$0$0$1,768,150
73$2,409,395$0$0$1,860,099
74$2,536,350$0$0$1,958,641
75$2,672,512$0$0$2,064,363
76$2,818,702$0$0$2,177,906
77$2,975,822$0$0$2,299,973
78$3,144,861$0$0$2,431,339
79$3,326,906$0$0$2,572,853
80$3,523,149$0$0$2,725,446
81$3,734,901$0$0$2,890,145
82$3,963,602$0$0$3,068,073
83$4,210,835$0$0$3,260,470
84$4,478,338$0$0$3,468,693
85$4,768,023$0$0$3,694,238
86$5,081,993$0$0$3,938,749
87$5,422,558$0$0$4,204,032
88$5,792,259$0$0$4,492,075
89$6,193,893$0$0$4,805,065
90$6,630,535$0$0$5,145,406
91$7,105,567$0$0$5,515,743
92$7,622,713$0$0$5,918,988
93$8,186,067$0$0$6,358,345
94$8,800,137$0$0$6,837,338
95$9,469,883$0$0$7,359,847
96$10,200,766$0$0$7,930,142
97$10,998,795$0$0$8,552,925
98$11,870,586$0$0$9,233,370
99$12,823,422$0$0$9,977,174
100$13,865,321$0$0$10,790,608