Can I retire at age 41 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$49,547$49,106$48,676$48,255$47,845$46,481
2 years$24,528$24,072$23,629$23,200$22,783$21,420
3 years$16,190$15,731$15,289$14,864$14,455$13,134
4 years$12,021$11,564$11,127$10,709$10,309$9,042
5 years$9,521$9,066$8,635$8,225$7,837$6,627
6 years$7,855$7,403$6,978$6,578$6,201$5,049
7 years$6,665$6,217$5,799$5,408$5,043$3,948
8 years$5,773$5,329$4,918$4,537$4,184$3,146
9 years$5,079$4,640$4,236$3,864$3,523$2,542
10 years$4,525$4,090$3,693$3,331$3,002$2,076
11 years$4,072$3,641$3,251$2,899$2,582$1,709
12 years$3,694$3,268$2,885$2,543$2,237$1,416
13 years$3,375$2,953$2,578$2,245$1,951$1,180
14 years$3,102$2,685$2,316$1,993$1,710$987
15 years$2,865$2,452$2,091$1,777$1,506$828
16 years$2,658$2,250$1,896$1,591$1,331$697
17 years$2,476$2,072$1,725$1,430$1,180$589
18 years$2,314$1,915$1,575$1,289$1,049$498
19 years$2,169$1,775$1,442$1,164$935$421
20 years$2,039$1,649$1,323$1,054$835$357
21 years$1,922$1,536$1,217$957$748$304
22 years$1,815$1,434$1,122$870$670$258
23 years$1,718$1,341$1,036$792$601$219
24 years$1,629$1,256$958$723$541$187
25 years$1,547$1,179$887$660$486$159
26 years$1,472$1,108$823$604$438$136
27 years$1,402$1,043$764$552$395$116
28 years$1,337$983$710$506$356$99
29 years$1,277$927$661$464$322$84
30 years$1,221$876$616$426$291$72
31 years$1,169$828$574$391$263$61
32 years$1,120$783$536$360$238$52
33 years$1,075$742$500$331$215$45
34 years$1,032$703$467$304$195$38
35 years$991$667$437$280$177$33
36 years$953$633$409$258$160$28
37 years$917$601$382$238$145$24
38 years$883$571$358$219$131$20
39 years$851$543$336$202$119$17
40 years$820$517$315$186$108$15
41 years$791$492$295$172$98$13
42 years$764$468$277$159$89$11
43 years$738$446$260$146$81$9
44 years$713$425$244$135$73$8
45 years$689$406$229$125$67$7
46 years$667$387$215$115$60$6
47 years$645$369$202$107$55$5
48 years$624$353$190$98$50$4
49 years$605$337$178$91$45$4
50 years$586$322$168$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $600,000, adding $2,629 every year, while hoping to spend $25,270 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: 68/9/23 Blend
40$600,000$600,000$600,000$600,000
41$663,912$632,112$622,812$705,011
42$704,744$636,198$616,789$736,975
43$748,894$639,638$609,717$768,772
44$796,673$642,373$601,535$802,960
45$848,425$644,340$592,178$839,776
46$904,526$645,474$581,577$879,479
47$965,390$645,705$569,663$922,356
48$1,031,474$644,959$556,361$968,724
49$1,103,278$643,156$541,593$1,018,934
50$1,181,354$640,212$525,277$1,073,370
51$1,266,308$636,038$507,330$1,132,460
52$1,358,808$630,540$487,662$1,196,672
53$1,459,588$623,618$466,180$1,266,527
54$1,569,456$615,165$442,787$1,342,596
55$1,689,302$605,070$417,382$1,425,512
56$1,820,104$593,212$389,858$1,515,971
57$1,962,941$579,466$360,105$1,614,744
58$2,118,999$563,697$328,006$1,722,678
59$2,289,583$545,765$293,441$1,840,712
60$2,476,132$525,519$256,283$1,969,877
61$2,680,230$502,801$216,400$2,111,314
62$2,903,618$477,443$173,654$2,266,282
63$3,148,217$449,268$127,901$2,436,167
64$3,416,140$418,088$78,991$2,622,501
65$3,709,716$383,704$26,767$2,826,972
66$4,031,509$345,907$0$3,051,442
67$4,384,341$304,475$0$3,305,075
68$4,771,324$259,174$0$3,590,500
69$5,195,882$209,756$0$3,903,684
70$5,661,787$155,960$0$4,247,431
71$6,173,197$97,509$0$4,624,827
72$6,734,689$34,113$0$5,039,276
73$7,351,306$0$0$5,494,527
74$8,028,602$0$0$5,998,132
75$8,772,697$0$0$6,555,155
76$9,590,334$0$0$7,167,269
77$10,488,938$0$0$7,840,037
78$11,476,692$0$0$8,579,592
79$12,562,611$0$0$9,392,688
80$13,756,624$0$0$10,286,765
81$15,069,675$0$0$11,270,023
82$16,513,819$0$0$12,351,495
83$18,102,336$0$0$13,541,132
84$19,849,862$0$0$14,849,901
85$21,772,520$0$0$16,289,883
86$23,888,074$0$0$17,874,389
87$26,216,101$0$0$19,618,088
88$28,778,166$0$0$21,537,141
89$31,598,035$0$0$23,649,353
90$34,701,892$0$0$25,974,348
91$38,118,589$0$0$28,533,743
92$41,879,918$0$0$31,351,363
93$46,020,910$0$0$34,453,456
94$50,580,164$0$0$37,868,946
95$55,600,213$0$0$41,629,705
96$61,127,925$0$0$45,770,853
97$67,214,943$0$0$50,331,087
98$73,918,174$0$0$55,353,051
99$81,300,324$0$0$60,883,734
100$89,430,492$0$0$66,974,913