Can I retire at age 41 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$53,676$53,198$52,732$52,276$51,832$50,497
2 years$26,572$26,078$25,598$25,133$24,682$23,346
3 years$17,539$17,042$16,564$16,103$15,659$14,364
4 years$13,023$12,528$12,054$11,601$11,168$9,924
5 years$10,314$9,822$9,354$8,911$8,490$7,299
6 years$8,509$8,020$7,560$7,126$6,718$5,582
7 years$7,220$6,735$6,282$5,859$5,463$4,383
8 years$6,254$5,773$5,328$4,915$4,532$3,507
9 years$5,503$5,027$4,589$4,186$3,817$2,846
10 years$4,902$4,431$4,001$3,609$3,252$2,334
11 years$4,411$3,945$3,522$3,141$2,797$1,930
12 years$4,002$3,540$3,126$2,755$2,424$1,607
13 years$3,656$3,200$2,793$2,432$2,114$1,345
14 years$3,360$2,908$2,509$2,159$1,853$1,130
15 years$3,104$2,657$2,266$1,925$1,631$954
16 years$2,880$2,438$2,054$1,724$1,442$807
17 years$2,682$2,245$1,869$1,549$1,278$684
18 years$2,507$2,074$1,706$1,396$1,137$582
19 years$2,350$1,923$1,562$1,261$1,013$495
20 years$2,209$1,786$1,433$1,142$905$422
21 years$2,082$1,664$1,319$1,037$810$360
22 years$1,966$1,553$1,215$943$726$308
23 years$1,861$1,453$1,122$858$652$264
24 years$1,764$1,361$1,038$783$586$226
25 years$1,676$1,277$961$715$527$193
26 years$1,594$1,201$891$654$475$166
27 years$1,519$1,130$828$598$428$142
28 years$1,449$1,065$769$548$386$122
29 years$1,384$1,004$716$503$349$105
30 years$1,323$949$667$461$315$90
31 years$1,267$897$622$424$285$77
32 years$1,214$848$580$390$258$66
33 years$1,164$803$542$358$233$57
34 years$1,117$762$506$330$211$49
35 years$1,074$722$473$303$191$42
36 years$1,032$686$443$279$173$36
37 years$993$651$414$257$157$31
38 years$957$619$388$237$142$27
39 years$922$588$364$219$129$23
40 years$889$560$341$202$117$20
41 years$857$533$319$186$106$17
42 years$828$508$300$172$96$15
43 years$799$484$281$159$87$12
44 years$772$461$264$146$79$11
45 years$747$440$248$135$72$9
46 years$722$419$233$125$65$8
47 years$699$400$219$115$59$7
48 years$676$382$206$107$54$6
49 years$655$365$193$99$49$5
50 years$635$348$182$91$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $650,000, adding $2,876 every year, while hoping to spend $40,284 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: 71/15/14 Blend
40$650,000$650,000$650,000$650,000
41$719,267$684,817$674,742$767,902
42$749,770$675,511$654,484$791,244
43$782,034$664,399$632,197$811,629
44$816,197$651,350$607,771$832,889
45$852,408$636,224$581,090$855,102
46$890,831$618,876$552,033$878,356
47$931,644$599,150$520,475$902,748
48$975,044$576,880$486,283$928,386
49$1,021,244$551,893$449,319$955,391
50$1,070,478$524,004$409,439$983,897
51$1,123,005$493,018$366,493$1,014,051
52$1,179,104$458,728$320,323$1,046,020
53$1,239,085$420,918$270,766$1,079,985
54$1,303,284$379,355$217,649$1,116,151
55$1,372,073$333,797$160,794$1,154,743
56$1,445,857$283,987$100,014$1,196,012
57$1,525,084$229,651$35,113$1,240,237
58$1,610,241$170,503$0$1,287,724
59$1,701,867$106,239$0$1,343,918
60$1,800,552$36,539$0$1,410,025
61$1,906,942$0$0$1,481,249
62$2,021,751$0$0$1,564,517
63$2,145,759$0$0$1,660,998
64$2,279,827$0$0$1,765,332
65$2,424,899$0$0$1,878,257
66$2,582,012$0$0$2,000,586
67$2,752,309$0$0$2,133,212
68$2,937,045$0$0$2,277,115
69$3,137,599$0$0$2,433,375
70$3,355,491$0$0$2,603,179
71$3,592,390$0$0$2,787,834
72$3,850,135$0$0$2,988,776
73$4,130,745$0$0$3,207,586
74$4,436,447$0$0$3,446,005
75$4,769,688$0$0$3,705,947
76$5,133,162$0$0$3,989,519
77$5,529,835$0$0$4,299,041
78$5,962,971$0$0$4,637,065
79$6,436,164$0$0$5,006,403
80$6,953,368$0$0$5,410,149
81$7,518,940$0$0$5,851,709
82$8,137,674$0$0$6,334,834
83$8,814,852$0$0$6,863,656
84$9,556,286$0$0$7,442,721
85$10,368,379$0$0$8,077,038
86$11,258,183$0$0$8,772,124
87$12,233,461$0$0$9,534,051
88$13,302,767$0$0$10,369,512
89$14,475,519$0$0$11,285,873
90$15,762,092$0$0$12,291,251
91$17,173,912$0$0$13,394,586
92$18,723,567$0$0$14,605,724
93$20,424,921$0$0$15,935,512
94$22,293,247$0$0$17,395,899
95$24,345,368$0$0$19,000,046
96$26,599,821$0$0$20,762,455
97$29,077,020$0$0$22,699,097
98$31,799,461$0$0$24,827,572
99$34,791,923$0$0$27,167,266
100$38,081,707$0$0$29,739,538