Can I retire at age 41 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$55,741$55,244$54,760$54,287$53,825$51,751
2 years$27,594$27,081$26,582$26,100$25,631$23,566
3 years$18,214$17,697$17,201$16,722$16,261$14,271
4 years$13,524$13,009$12,518$12,047$11,598$9,696
5 years$10,711$10,200$9,714$9,254$8,816$7,009
6 years$8,836$8,329$7,851$7,400$6,976$5,264
7 years$7,498$6,994$6,524$6,084$5,673$4,057
8 years$6,494$5,996$5,533$5,104$4,707$3,183
9 years$5,714$5,220$4,765$4,347$3,964$2,531
10 years$5,091$4,601$4,155$3,747$3,377$2,033
11 years$4,581$4,096$3,658$3,261$2,905$1,646
12 years$4,156$3,677$3,246$2,861$2,517$1,341
13 years$3,797$3,323$2,900$2,526$2,195$1,097
14 years$3,489$3,020$2,606$2,242$1,924$901
15 years$3,223$2,759$2,353$1,999$1,694$743
16 years$2,991$2,531$2,133$1,790$1,497$614
17 years$2,785$2,331$1,941$1,608$1,328$508
18 years$2,603$2,154$1,772$1,450$1,180$421
19 years$2,440$1,996$1,622$1,310$1,052$350
20 years$2,294$1,855$1,489$1,186$940$291
21 years$2,162$1,728$1,369$1,077$841$242
22 years$2,042$1,613$1,262$979$754$202
23 years$1,932$1,509$1,165$892$677$168
24 years$1,832$1,414$1,078$813$608$140
25 years$1,740$1,327$998$743$547$117
26 years$1,655$1,247$926$679$493$98
27 years$1,577$1,173$860$621$444$81
28 years$1,504$1,106$799$569$401$68
29 years$1,437$1,043$744$522$362$57
30 years$1,374$985$693$479$327$47
31 years$1,315$931$646$440$296$40
32 years$1,260$881$602$404$268$33
33 years$1,209$834$563$372$242$28
34 years$1,160$791$526$342$219$23
35 years$1,115$750$491$315$199$19
36 years$1,072$712$460$290$180$16
37 years$1,032$676$430$267$163$14
38 years$993$643$403$246$148$11
39 years$957$611$378$227$134$9
40 years$923$581$354$210$122$8
41 years$890$553$332$193$110$7
42 years$859$527$311$178$100$6
43 years$830$502$292$165$91$5
44 years$802$479$274$152$82$4
45 years$775$456$257$140$75$3
46 years$750$435$242$130$68$3
47 years$726$416$227$120$62$2
48 years$702$397$213$111$56$2
49 years$680$379$201$102$51$2
50 years$659$362$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $675,000, adding $6,076 every year, while hoping to spend $46,394 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: 72/8/20 Blend
40$675,000$675,000$675,000$675,000
41$750,117$714,342$703,880$800,086
42$777,267$699,982$678,097$819,769
43$805,630$683,364$649,895$835,180
44$835,282$664,327$619,145$850,889
45$866,305$642,703$585,711$866,917
46$898,786$618,312$549,449$883,290
47$932,819$590,967$510,213$900,036
48$968,508$560,465$467,846$917,189
49$1,005,964$526,596$422,187$934,785
50$1,045,308$489,136$373,067$952,869
51$1,086,673$447,847$320,308$971,487
52$1,130,202$402,480$263,726$990,694
53$1,176,050$352,769$203,129$1,010,553
54$1,224,388$298,435$138,314$1,031,133
55$1,275,400$239,183$69,072$1,052,513
56$1,329,288$174,700$0$1,074,781
57$1,386,273$104,658$0$1,099,067
58$1,446,593$28,707$0$1,140,251
59$1,510,513$0$0$1,183,753
60$1,578,318$0$0$1,234,481
61$1,650,322$0$0$1,291,051
62$1,726,867$0$0$1,351,205
63$1,808,328$0$0$1,415,243
64$1,895,116$0$0$1,483,488
65$1,987,680$0$0$1,556,296
66$2,086,512$0$0$1,634,058
67$2,192,152$0$0$1,717,201
68$2,305,191$0$0$1,806,193
69$2,426,277$0$0$1,901,549
70$2,556,122$0$0$2,003,831
71$2,695,505$0$0$2,113,658
72$2,845,284$0$0$2,231,708
73$3,006,397$0$0$2,358,727
74$3,179,876$0$0$2,495,533
75$3,366,856$0$0$2,643,023
76$3,568,580$0$0$2,802,186
77$3,786,417$0$0$2,974,104
78$4,021,869$0$0$3,159,970
79$4,276,589$0$0$3,361,094
80$4,552,391$0$0$3,578,915
81$4,851,272$0$0$3,815,015
82$5,175,427$0$0$4,071,136
83$5,527,269$0$0$4,349,191
84$5,909,454$0$0$4,651,286
85$6,324,901$0$0$4,979,737
86$6,776,823$0$0$5,337,092
87$7,268,755$0$0$5,726,153
88$7,804,587$0$0$6,150,006
89$8,388,597$0$0$6,612,045
90$9,025,496$0$0$7,116,007
91$9,720,469$0$0$7,666,003
92$10,479,221$0$0$8,266,560
93$11,308,036$0$0$8,922,660
94$12,213,827$0$0$9,639,789
95$13,204,209$0$0$10,423,986
96$14,287,563$0$0$11,281,901
97$15,473,121$0$0$12,220,855
98$16,771,044$0$0$13,248,911
99$18,192,525$0$0$14,374,947
100$19,749,888$0$0$15,608,740